Goods and Services Tax
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.
At Arjun associates, we have experienced professionals who can assist you in analyzing your GST slabs and find comprehensive solutions to file your GST returns in a hassle -free manner.
We assist you with:
- GST implementation for new organizations, review of the GST implementation in case of old organizations
- Conducting Health Check / Credit reviews to identify planning opportunities and optimizing the overall indirect tax incidence
- Embark On due diligence reviews, both seller and buyer
- GST advisory services on all matters including stock transfers, classification, valuation, input tax credits, registration requirements, ISD, refunds, export benefits, cross charges, job work, reverse charge mechanism etc.
- Provide end to end assistance in GST which includes representation before the Tax Authorities
- Preparation of application for obtaining of advance ruling and representation before the Authority for Advance Ruling/ Appellate Authority of Advance Ruling
- Drafting replies to show-cause notices and appeals, including representation before Adjudication and Appellate Fora
- Advice and assist in yearly GST Audits and credit reconciliations
- Conducting trainings for clients and setting up GST help desks at client locations
