Indirect tax is spread in every area of a company’s business both on revenue and expenditure side. The multi-layered indirect tax levied both at the central and state level in India is extremely dynamic
Our specialized member at S N & CO shall assist in implementing GST models suiting various industry specific businesses. It shall undergo assessing the tax impact, p & l impact, cash flow impact, working capital impact of the businesses
Our GST implementation programme includes –
GST impact assessment: there is need for every business to analyse the impact of GST on various spheres of their business. We shall assist in assessing the impact of GST on your business.
Tax impact on business functions: in-depth analysis of GST impact on key business functions i.e. Procurement, production, warehousing, distribution, and other functional areas. Suggestions for necessary modifications to reap maximum benefits under GST.
Erp support- implementation and/or modification: we assist in integrating erp system to the financial and non-financial information with the information required to be submitted to regulators.
Standard operating procedures (sops)- design and review: professional organisation requires sops for key business functions. There could be need to review existing sops and design new sops in accordance with GST.
Agreement vetting/modification: review of existing agreements and suggestion for changes to make them GST compliant.
Tax optimisation/credit optimisation: suggesting ways to optimise overall indirect tax/credit incidence under GST.
Currently We Are Supporting Various Business Houses In Assuring Their Compliance Towards Indirect Tax Regime By Serving In Following Areas –
Reviewing Checklist Of Statutory Compliance Under Indirect Tax & Ensure That Compliance Of The Same Are Submitted On Time.
To Co-Ordinate With Other Department And Solving Queries In Timely Manner.
To Keep Update Of Various Case Laws, Statutory Changes.