Goods & Service Tax (GST)

We have been closely involved with the GST initiative through its Policy Advisory Group. It comprises a specialized team of experienced professionals who advise businesses as well as governments on diverse policy issues. We help businesses anticipate policy changes, assess their impact on their operations, and engage in a constructive dialog with relevant authorities for remedial measures to address any concerns.

• Impact study of GST on businesses
• Review of the existing level of compliance, documentation and accounts function with a view to identifying the changes that would be required
• Review of the Accounting systems as existing and the changes that would be required thereon in the new GST regime
• Review of Information Technology (IT) systems as existing and the changes that would be required thereon in the new GST regime
• Identifying various aspects that would need to be intimated / resolved / reconfirmed with Customers and Suppliers / Vendors
• Studying implications of the change on the organizational cash flows
• Assisting in the preparation of a detailed checklist for GST administration
• Identifying and examination of possible areas where there could be concerns of litigation / ambiguity and advising on related matters / strategies to be followed
• Organizing intermediate and advanced training programs for groups of employees based on specific organizational needs
• Understanding transitional GST provisions and advising / assisting clients in their proper understanding and availment of the benefits as permissible
• Providing Opinions on specific matters - Examining specific matters / issues referred to by Clients and providing our specialized opinions thereon