GST - Advisory And Compliance
By LEMON TECHNOLOGIES (INDIA) PVT LTD
Price: On Request
"In July 2017 Goods and Services Tax (GST) replaced a plethora of indirect taxes such as excise duty, VAT, service tax, central sales tax, countervailing duty (CVD) and octroi duty. GST has far-reaching impacts for virtually every business in terms of tax rates, overall tax incidence, input credits, distribution system, prices and costs.
Businesses need to ensure:
Proper classification in terms of HSN and SAC codes and the applicable tax rates (generally ranging from exempt to 28%)
Ascertain place of supply to determine relevant state for GST compliances and tax payments
Claim proper input tax credits where eligible and exclude or defer input tax credits not eligible, as well as refunds or tax credits for exports
Ascertain and ensure compliance with reverse charge on inward supplies where applicable
Ensure filing of periodic and annual tax returns in each state (or for each registered presence) based on applicability
Special procedure for valuation in case of related party transactions"
Businesses need to ensure:
Proper classification in terms of HSN and SAC codes and the applicable tax rates (generally ranging from exempt to 28%)
Ascertain place of supply to determine relevant state for GST compliances and tax payments
Claim proper input tax credits where eligible and exclude or defer input tax credits not eligible, as well as refunds or tax credits for exports
Ascertain and ensure compliance with reverse charge on inward supplies where applicable
Ensure filing of periodic and annual tax returns in each state (or for each registered presence) based on applicability
Special procedure for valuation in case of related party transactions"
Product Description
"In July 2017 Goods and Services Tax (GST) replaced a plethora of indirect taxes such as excise duty, VAT, service tax, central sales tax, countervailing duty (CVD) and octroi duty. GST has far-reaching impacts for virtually every business in terms of tax rates, overall tax incidence, input credits, distribution system, prices and costs.
Businesses need to ensure:
Proper classification in terms of HSN and SAC codes and the applicable tax rates (generally ranging from exempt to 28%)
Ascertain place of supply to determine relevant state for GST compliances and tax payments
Claim proper input tax credits where eligible and exclude or defer input tax credits not eligible, as well as refunds or tax credits for exports
Ascertain and ensure compliance with reverse charge on inward supplies where applicable
Ensure filing of periodic and annual tax returns in each state (or for each registered presence) based on applicability
Special procedure for valuation in case of related party transactions"
Businesses need to ensure:
Proper classification in terms of HSN and SAC codes and the applicable tax rates (generally ranging from exempt to 28%)
Ascertain place of supply to determine relevant state for GST compliances and tax payments
Claim proper input tax credits where eligible and exclude or defer input tax credits not eligible, as well as refunds or tax credits for exports
Ascertain and ensure compliance with reverse charge on inward supplies where applicable
Ensure filing of periodic and annual tax returns in each state (or for each registered presence) based on applicability
Special procedure for valuation in case of related party transactions"
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