Indirect taxes prevail in each and every part of a business. They have a huge impact on costing and profitability of the company, cash flow and other aspects of the business. It is imperative for business entities to examine its tax structures, undertake in-depth analysis of the tax costs and thrive for tax optimization. Precise documentation and compliance is must to be on the right side of the law.
The Goods and Service Tax (GST) introduced in July 2017 is radical tax reform. It has resulted in to comprehensive tax base and virtually all goods and services are taxable. While GST has been a game-changer, it has impacted the tax incidence, credit utilization, compliances and resulted into complete overhaul of the indirect tax system of business entities. We regularly assist Business entities revaluate their supply chain, contracts with customers/vendors and reset tax practices including compliance with E- Invoices, timely refund application and other fast evolving rules.
We offer you support to improve your day to day reporting for indirect tax and help you to manage your indirect taxes effectively. Our team can help you develop and refine your Indirect Tax Strategy and provide insights regarding applicability of indirect taxation on most types of business transactions. Out of box thinking coupled with our ability to identify and employ opportunities assists the clients in tax optimization whilst keeping litigation to minimum.