The Indian indirect taxation system is due for a seminal tax reform with the introduction of a unified Goods and Services Tax (GST) as against the prevailing plethora of taxes (value-added tax (VAT), central sales tax (CST), service tax, customs duty, excise duty, entry tax, etc.). As the council has already passed the GST Law, it is likely that the new GST regime may be implemented from July 2017.
The new GST regime will open up an array of opportunities for businesses across India as well as those planning to enter the Indian market. On the other hand, GST may also pose various challenges with respect to business planning, budgeting and investment, as it will change many earlier assumptions regarding business and the market and as a whole. The challenge at hand for the business community is to adapt to the transitional tax reforms by understanding the nuances of the new GST regime.
In this evolving indirect tax scenario, we at ashwani & associates plan to assist our clients in bridging the gap over to GST by providing specialised services to mitigate any GST-related tax risk. Read more in our brochure below.
Our portfolio of services, that makes it easy for you to comply with this tax regime, comprises of:
GST Registration: GST registration process under the new GST rules is done through an online portal that is maintained by the Central Government of India. Our experts can get your GST registration done in a short span of time.
GST Returns: GST Act mandates every registered entity to furnish details of its sales and purchases including tax paid and collected thereon by filing GST returns Taxpayers must provide correct information to department as the system is designed so that all transactions are in synchronized with each other and no transaction is left unnoticed between buyers and sellers. GST team of AJSH let you focus on your business, by filing your tax returns in compliance with GST regime.
GST Amendments: Once you are registered as goods and services taxpayer and want to make any alteration in your details of core or non-core fields like change in address, addition of place of business etc., you may reach our GST experts for any assistance.
GST Audits: Our team of professionals with rich knowledge on GST, perform audits and prepares required audit reports for its clients.
GST Assessment: We can help you with your self-assessment of GST. Our team will assist you in whole process of assessment carried out by tax authorities.
GST Compliances: We will keep you updated with any new compliances announced by GST Council.