Indirect Taxation
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Indirect Taxation
Indirect Taxation
The GST was launched in July 2017 and has become India’s most significant tax reform. It subsumed so many indirect taxes in it. GST has already simplified the tax supply of goods and services. The comprehensive IT system is the center for the positive execution of the GST regime. Hence, to simplify the indirect taxation complexities, we have created a team of indirect taxation advisors who provide comprehensive services.
Indirect taxation covers the review of contracts & agreements, critical transactions and other applications of the GST. We also help in the GST return filing, GST registration and others. We have an experienced team of tax consultants specializing in record maintenance and GST compilations.
They also advise on the operation of the Input Tax Credits. We also represent the appeals and various assessments for various meticulousness on the Indirect Tax aspects in the takeover of the businesses.
Acharya Gehlot & Associates Executes Compliance Assessment Under the GST Through Following Steps:
- First, we evaluate the business structure and all the financial transactions
- Make the strategic plans and study the present documentation system followed by the outward supply and Inward supply related to the business entities.
- Review the adoption of the GST through entities along with all the events falling into the GST ambit and Macro analysis
- Validating all the transitions related to the Tax credits
- Reviewing of the entire documentation at all the stages to access the GST capturing of the levy and ITC available according to the GST
- Review all the samples based on predetermined arrangements with the customers, suppliers and sub-agents by putting special emphasis on the GST impact
- Review the entire reports generated with the IT systems and ensure that it is accurate concerning the GST
- Review the GST returns, GST calculations and tax adjustments which include RCM and reversal
Encompasses Other Services Related to Indirect Taxation
- Expert opinions on the GST impact and other issues
- Prepare the applications for the clarity of advance ruling authority for the GST applications
- Ongoing advising assignment, including frequent test check examination of transactions to ensure GST compliance
- Conduct the GST auditing and indirect taxation
- Representing before the government authorities such as Services Tax, MVAT and GST