Goods and service tax is a very significant taxation scheme, which has absorbed most of the indirect tax like service tax, vat, excise, etc.
It has been very difficult for businesses to adopt the new indirect tax and get all the compliances and tax liability payments done effectively and efficiently. We, at KMS, express our expert opinion on matters related to GST to ensure that you comply with all the GST related statutory requirements.
Opinion on the impact of GST on cost, availability of credit, pricing and working capital, and revenue and procurement stream;
Advisory services on anti-profiteering provisions of GST, appropriate precautions to be taken, and pricing mechanism considering the legalities involved and additional savings;
Consultative services on alternative business models for credit optimization and tax efficiency, potential risks, and mitigating strategies, and contractual scenarios that can work for companies;
Review services for reconciliations, records, and formats, audit reports, filing of annual audited accounts, notices or communication from the tax department, and specific, incidental, and ancillary records as required by GST law
Being one of the top CA firms in Ahmedabad, we always focus on giving our clients the best in class services that reflect our values and vision of transparency, flawless, and professional work. Visit our CA website to understand and know more about our services and our company. Choose us for your business as the best deserves the best.
GST Opinion Services
KMS’s GST opinion services include the following:
Analysis and opinion on business functions
Opinion on the pricing of the products
GST opinion on industry-specific matters
Our GST experts provide their expert opinion on industry-specific issues including:
GST opinion on miscellaneous matters
We understand the client's business, underlying circumstances, unique business challenges, GST provisions affecting the transaction, and document our findings.
We go through documents related to GST registration, payment of GST tax liability, monthly, quarterly, and annual GST returns, carry forward of credits, disclosure of outward supplies in returns, etc.
We understand the classification of supplies, GST rates, exemptions supplies, concessions applied, realization of related conditions for GST compliance, claiming of export benefits, etc.
We check compliance with reverse charge provisions, related payments made, availing the re-credit after payment, eligibility to obtain such credits, and any related documentation.
We verify GST input tax credits, eligibility to avail those, ineligibility, relevant documentation required for input tax credits, etc.
Based on the facts gathered, our GST consultants make the draft opinion ready. Our partners vet the same and finalize, and then the GST Opinion is issued to the client.
KMS is selected as the one-stop solution for anything and everything related to GST because of the following reasons:
OUR CLIENTS SAY
trust. transparency. professional expertise.
frequently asked questions(faqs)
Goods and Services Tax Network (GSTN) is a special purpose vehicle, which has been established to cater to the needs of GST. It enables access to a shared IT infrastructure and services to Central and State governments, taxpayers, and other stakeholders for the execution of GST.