Goods and Services Tax (India)
Now in effect is India’s largest tax overhaul. Since 1 July 2017, a comprehensive Goods and Services Tax (GST) has replaced the intricate system of various indirect taxes.
Indirect Tax Compliance Management – Complete Indirect Tax Outsourcing
The services covered by indirect tax outsourcing include tax calculation, return preparation, filing, aid with answering questions from tax authorities, direction and assistance with department audits, routine advisory, and other support services.
Small and medium-sized businesses, tax preparation services, and CPAs all over the world struggle with time restraints and adjusting to lower demand during the off-season during the hectic tax season. You can overcome the difficulties of a tax season that is extremely condensed with the aid of SriSattva Group, a suitable tax outsourcing business. By freeing up resources for your business to concentrate on higher-value customer solutions and achieve a more ideal work-life balance, our GST services can increase productivity and profitability and lead to improved employee and customer satisfaction. You may manage your tax processing tasks while concentrating on strengthening customer ties. You may be sure that the work will be done safely and with reputable tax software if you outsource to us.
Scope of Services
Areas in which you may require assistance though not limited to the below:
|Taxable Event in GST||Supply of Goods||Supply of Services|
|Value of Taxable Supply of Goods and Services||Exemption from GST||Small Taxable Persons – Exemptions and Composition Scheme|
|Classification of Goods and Services||Input Tax Credit||Input Service Distributor|
|Person Liable to Pay Tax||Reverse Charge||Place of Supply of Goods and Services within India|
|Place of Supply in case of Export or Import of Goods and Services||Exports and Imports and SEZ Supplies||Time of Supply of Goods and Services|
|Registration||Tax Invoice, Debit and Credit Notes||Payment of Taxes by Cash and Through Input Tax Credit|
|Filing of Returns||Job Work||Assessment and Audit|
|Demands and Recovery||Refunds||Electronic Commerce|
|Transitional Provisions||Scope of Supply and Levy of GST||Principle of Classification and Rate Fixation|
|Payment under Reverse Charge1||Composition Levy||Letter of Undertaking / Bond procedures|