Indirect Tax Compliance & Advisory
Compliances: This includes computation of monthly GST Liability from tax payable ledgers and mapping the liability against revenue and filing the corresponding Tax Return. We further prepare YTD Compliance Tracker, which helps the company to keep track of all the delays / deviations, if any, along with reasons thereof. The endeavor is to meet the compliances with zero delays and deviations. In addition to the aforesaid, we also mange ancillary GST Compliances, including but not limited to, applying for GST Registrations / amendments / surrender applications, filing of Letter of Undertaking for tax free exports, filing GST Refund Applications, etc.
Audits, Assessments & Litigation: We provide end to end support for managing Indirect Tax Audit / Assessment and litigation, thereon. The endeavor is to keep the company informed of tax litigation related exposure and to provide them with a summary chart so as to enable the company to keep a tab on its litigation.
GST Impact Assessment: Assistance in GST Implementation, which includes accessing GST migration impact and compliances; giving GST sessions to employees; liaison with Customers / Vendors / Dealers for getting PO’s & contracts amended; Accessing GST compensation to be paid to dealers; defining the methodology for computing new prices; providing assistance to the IT team, etc.