GST Law and Custom Tax Law are broadly based on transactions and liability will arise regardless of profitability. With overall indirect tax rates ranging between 17 to 28 percent based on the nature of goods, Indirect Tax exposure can grow quickly if you don’t have a cohesive Indirect Tax plan and firm understanding of specific Indirect Tax requirements.
ACM can help with timely planning and ongoing compliance solutions to ensure that you are on right side of the law always. Our team can help you develop or refine your Indirect Tax strategy and address the Indirect Tax implications of most types of business transactions.
This will also help you to reduce costs, minimize risk and at the same time increase confidence that nothing has been missed.
- Mapping current business model vis-a-vis model under GST regime
- Analysing key tax impacts on transactions undertaken
- Evaluation of agreements
- Examining eligibility of tax credits into GST regime
- Simulating I/O cost structure
- Identifying issues and developing mitigation plans
- Assistance in aligning tax reports, invoices
- Providing insights on factors for vendor negotiation
- Advice on transitional issues
- Preparing GST-compliance calendar
- Conducting training sessions
- Assisting IT-team to make GST compliant IT-system
- Verification of tax calculation in system after IT implementation
- Assisting in aligning the existing RCMs
- Helping to identify internal checks for reducing errors
- Revalidating impact analysis on the basis of final GST law
- Checking eligibility and effective utilization of credit
- Periodical review of monthly I/O data & returns
- On call routine advisory
- Suggesting changes to bring efficiency
- Updating the organization with relevant legal changes
- Support with ASP/GSP
- GST Audit
- GST Representation Services
- GST Training/ Workshops
- Tailormade trainings and workshops for employees and vendors
- Sector specific training sessions from industry experts
- Advisory on GST Specific Matters
