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CONSULT US

Affluence

Indirect Tax

indirect tax

Service

Overview

We at Affluence, adopt a comprehensive approach for implementation and compliances related to the GST and with an object to offer seamless services to our clients listed below.

Service

Our offerings

  • GST Implementation
  • Advising on Tax Efficiency
  • GST Trainings
  • GST Business Impact Study
  • Obtaining GST registration
  • Assist in preparation of GST return/review of GST returns
  • Preparation and updating of compliance manuals/SOPs
  • Implementation of changes in business processes such as establishing processes for billings, system to be followed for receiving advances/payments
  • Advice on the eligibility of specific input credits to be claimed under GST
  • Advising on the manner of recovering tax from the customers
  • Review of contracts and GST impact of it
  • Study of existing business model and evaluation of alternate business models basis the tax costs involved
  • Identifying alternate business models to ensure tax efficiencies and credit-optimization
  • Periodic GST training to clients team
  • Impact analysis through evaluation of key parameters such as changes in tax rates changes, time and place of supply rules for goods or services or both, valuation mechanism under GST including incidence on free of costs supplies, stock transfers, discounts, incidental supplies and supplies to related parties), input tax credit restrictions or additional tax credits on procurements of goods and services