Indirect Tax Services

RBAhuja > IndirectttttttttTax Services

The India economy has witnessed an evolutionary change since the introduction of GST replacing the erstwhile cumbersome systems of Excise, VAT, Service Tax etc.

It has transformed one’s approach towards doing business and has paved ways for many new players in the market.

Even though the new regime aims at a greater transparency and fairness across the range of goods and service providers, it also introduces significantly more compliance requirements in the form of multiple returns every month, multiple tax payments every month and constant reconciliation of tax credits being claimed by each entity

With this change, many businesses in India are at a loss to understand this transition phase and are unable to fulfil their tax liabilities accurately.

All GST filings are required to be done online

Because of these changes several businesses are opting for professional indirect tax services, instead of placing the responsibility on their own teams.

 

At R B Ahuja and Associates, our taxation consultancy solutions provide absolute control to our clients, enabling them to align their strategies with the constant changes in tax policies and regulations.

We can assist you with timely planning and ongoing compliance solutions to ensure that you are always on the right side of the law.

Our Team can help you develop or refine your Indirect Tax strategy and address the Indirect Tax implications for most types of business transactions.

This will help you reduce costs, minimise risk and increase confidence that nothing has been missed.

We tend to ensure that we serve our clients with a basket of services thus enabling a one stop solution for all their requirements.

 

  1. GST Registration: Registration and implementation in case of newly set up organisations.
    Migration and review of implementation in case of existing organisations
  2. GST Compliance: Ongoing calculation of GST liability and credit
    Timely filing of GST returns (monthly/quarterly/annually).
  3. GST Advisory: Conducting credit reviews to identify planning opportunities and optimize the overall indirect tax incidence
    Interpretation of GST Acts and specific sections based on client’s industry, products, exporter/importer status and other unique circumstances
    Advisory services pertaining to :

    • registration
    • Classification
    • Valuation
    • Input tax credit
    • Stock transfer
    • Refund
    • Export benefits
    • Job work
    • Reverse change mechanism
    • Supply chain optimisation
    • Review of contract from GST preceptive
    • Negotiations with vendor/ customers
    • Standard operating procedures

 

  1. GST Audit: Assistance in relation to yearly GST audit and credit reconciliation
  2. GST Assessments:
    (i)Liaisoning with tax authorities and providing end-to-end assistance in

relation to :       Enquiries

assessments

demands

refunds

Scrutiny

other disputes

for both GST as well as erstwhile indirect taxes (service tax, VAT, Excise etc.)

(ii) Drafting responses to show-cause notices and appeals

(iii) Representation services before concerned authorities

(iv) Drafting, filing and processing of refund claims such as:

Refund of unutilized credits in case of export of goods/services

Refund in case of inverted duty structure

Refund in case of exports with payment of tax