GST Advisory

GST can be the bane of everyone affected by it.

The complicated regime of regulations imposes a tremendous administrative burden on businesses.

Our advisory services on GST include:

Impact Analysis
Assessing the fiscal impact of GST on business and product pricing, through evaluation of key parameters.

Realignment for efficiencies
Advise on realigning the operations to ensure tax efficiency:

Identifying alternate business models to ensure tax efficiencies and credit-optimisation;
Evaluation of the alternate business models identified basis the tax costs involved;
Identify potential risks and suggest suitable mitigating strategies, associated with the identified models; and

Implications under anti-profiteering
Advise on implications under the anti-profiteering provisions under the GST laws:

Ascertaining the impact of GST on the prices of products and services in view of additional tax costs / credits;
Advising on the appropriate pricing mechanism to be adopted considering the additional savings / burden and the legal provisions;
Representing before the Regulatory authorities constituted for Anti-profiteering.

IT functional mapping

Studying the existing IT System, basis blueprints and flowcharts shared with us, to provide the tax triggers and mapping for each of the business transactions;
Configuring tax rates and updating master file basis the scheduled rates;
Advise on the reports to be generated from the system for GST purposes;
Advise on the structuring of invoices, credit notes, debit notes and other related documents;

Others
In addition to providing a comprehensive bookkeeping and GST accounting service, we can also advise on and help with: