PSD FILINGS

What is GST Advisory Services

GST advisory services offer guidance on navigating Goods and Services Tax regulations, optimizing compliance, and providing tailored solutions for businesses.

Comprehensive GST Advisory Services :

Assessing GST impact on businesses. Analyzing market scenarios and business models. Providing legislative implementation assistance at the business level.

Strategic Counsel on GST Compliance :

Offering expertise in navigating GST regulations. Providing guidance on compliance, tax planning, and risk management.

Tailored Solutions and Updates :

Addressing transactional complexities .Offering tailored solutions for specific industries.

Crucial Role in Business Compliance :

Helping businesses maintain GST compliance .Minimizing tax liabilities.

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Our Role in GST Advisory Services

We evaluate the fiscal impact of GST on businesses and product pricing through the following specifications.

Key Parameter Evaluation Involves :
Evaluating tax rate changes, analyzing time and place of supply rules, assessing impacts on outward supplies, and scrutinizing the GST valuation mechanism, including free-of-cost items

Guidance for Tax Efficiency :
Identify tax-efficient business models, assess associated costs, address risks, propose mitigation, and define implementable models through discussions with management for optimal tax and credit outcome.

Anti-Profiteering Implications :
Evaluate GST impact on prices, recommend mechanisms considering tax changes, advise safeguards, and represent before Anti-Profiteering authorities for compliance and pricing considerations.

Seamless Transition to GST :
The IT Functional Advisory involves implementing process adjustments, offering guidance on GST credit eligibility, and evaluating and updating existing Input Tax Credits for businesses.

IT Functional Advisory : Analyze the IT system using blueprints, identify tax triggers & map transactions. Develop logic based on legal changes and credit transition. Configure tax rates & update master files.

GST Registration Benefits

GST registration is vital for legal recognition, compliance, and claiming Input Tax Credit, reducing the overall tax burden. It facilitates seamless interstate trade, enhances credibility, and fosters a transparent taxation framework for business growth

Impact of Tax

GST eliminates tax cascading effect, fostering more efficient taxation

Threshold Limit

Increased threshold for mandatory registration under specified conditions.

Composition Scheme

Tailored GST Composition Scheme for Small Businesses

Compliance

Fewer compliance requirements are in place.

E-Commerce Business

Clear guidelines for E-com operators' regulatory treatment are established

Regulate Sectors

GST regulates the unorganized sector in India