Indirect taxes contribute extensively to the government revenue and in recent years indirect tax collection has exceeded the direct tax incomes. With the integration of various indirect taxes in to GST, the collection is expected to go up further. Given that the government is extremely proactive in addressing the transition challenges faced by trade and industry, a number of exemptions and concessions find place in the evolving GST system. There have been continuous clarifications, amendments in the GST law, which require constant monitoring of such changes by the businesses, which in turn call for changes in their systems and processes. Businesses are expected to be aware of the GST implications that affect their dynamic business models and also comply with statutory compliance requirements. Varying treatments of supply of goods and services, and interpretations of GST provisions pose a challenge for trade and industry to be on the right side of the law and at the same time explore the possibilities of optimising its tax impact on their business model.
We provide comprehensive advice and assistance on GST. We also provide litigation support before adjudication and appellate authorities up to the Tribunal level and brief counsels for matters beyond the Tribunal. We also offer extensive tax technology solutions for efficient management of GST related compliances.