Compliance & Outsourcing

Compliance & Outsourcing

The introduction of the Goods and Services Tax (GST) on 1 July 2017 has ushered in a new era for the Indian economy. This single tax will help streamline taxes and will bring in more efficiencies in business. The progressive GST model relies on technology to help make the process secure, smarter and faster. For businesses, this translates into the electronic filing of multiple monthly state-wise returns, transaction-level data upload, numerous reconciliations (revenue reconciliation, reconciliation with vendor details uploaded on GSTN, – invoice matching) and, at times, complex tax computation.

Considering that this is a new change for both the government as well as the industry, there have been teething problems in terms of complying with the law and filing returns electronically. While various procedural relaxations (such as postponing of returns and vendor reconciliations) have provided short-term relief, the compliance challenges are here to stay since provisions have only been deferred and not abolished. Hence, businesses today require not only a robust technology solution for processing their GST returns but also a strong partner who can help them through this process.

We specialize in the following services:

  • Preparation / Review of GST Returns;
  • Conducting Annual Audits;
  • Assistance in assessments and Representation before the authorities;
  • Customised internal trainings for organisational requirements;
  • Trainings for vendors, suppliers and customers;
  • Giving indirect tax compliance support or outsourcing services;
  • We can assume partial or full responsibility for Indirect tax compliance obligations;