Indirect taxes in India encompass a variety of levies imposed on goods and services rather than directly on individuals or entities. These taxes are collected by intermediaries, such as retailers or service providers, and then remitted to the government. We provide essential assistance to businesses navigating the complex landscape of Goods and Services Tax (GST) in India.
We help businesses determine whether they are required to register for GST based on turnover thresholds and other criteria. We assist in completing the GST registration process with the relevant tax authorities and obtaining the GST registration certificate.
We ensure that businesses comply with ongoing GST requirements, including timely filing of GST returns, payment of GST liabilities, and maintenance of proper records and documentation. We help businesses navigate the complexities of GST compliance to avoid penalties and interest charges.
We provide expert advice and guidance on various GST matters, including the interpretation of GST laws, applicability of GST rates, input tax credit (ITC) eligibility, GST implications on business transactions, and GST planning strategies to minimize tax liabilities.
We conduct GST audits to assess the accuracy and completeness of GST compliance by businesses. We review GST returns, records, and documentation to identify any discrepancies, errors, or non-compliance issues. GST audits provide assurance to businesses and stakeholders regarding GST compliance.
We assist businesses in preparing and filing GST refund claims for excess input tax credits, exports, or other eligible transactions. We ensure that refund claims are prepared accurately and submitted in compliance with GST laws and regulations to expedite the refund process.
In case of disputes or disagreements with tax authorities regarding GST assessments, CAs represent businesses in GST appeals and proceedings. We provide legal and strategic advice, prepare appeal submissions, and represent businesses before appellate authorities to resolve GST disputes effectively.
We perform GST due diligence reviews as part of mergers, acquisitions, or restructuring transactions to assess the GST implications and risks associated with such transactions. We identify potential GST liabilities, compliance issues, and opportunities for optimization to facilitate informed decision-making.