GST/VAT & CST

Indirect tax is spread in every area of a company’s business both on the 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 includes assessing tax impact, P&L impact, cash flow impact and working capital impact of the businesses.

Our GST implementation programme includes:

• GST Impact Assessment: There is a 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.
• Enterprise Resource Planning (ERP) Support (implementation and/or modification): We assist in integrating the ERP system to the financial and non-financial information with the information required to be submitted to regulators.
• Standard operating procedures (SOP) – design and review: A professional organisation requires SOP for key business functions. These are needed for reviewing 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: Suggest 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 the following areas:

• Reviewing the checklist of Statutory Compliance under Indirect Tax and ensure that Compliance of the same is submitted on time.
• To coordinate with other department and solving queries in a timely manner.
• To keep an update of various case laws, statutory changes.