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
- Support throughout the outsourcing process
- Proactive approach towards clients’ business requirements
- Technical and industry experience, backed by sophisticated infrastructure and skilled professionals
- Identify and address areas of non-compliances, if any
- Identify and address areas of possible tax exposures, if any
- Identify and address areas of possible savings, if any
- Assist in implementing the recommendations / closing the gaps
- On-call advice at a macro level on specific issues / queries raised in the course of day-to-day operations related to indirect taxes
- Review contracts and other key documents and provide comments thereon from tax perspective
- Preparation / review of GST Returns
- Conducting annual audits
- Assistance in assessments and representation before the authorities
- Advise on the structuring of invoices, credit notes, debit notes and other related documents
- Assistance in obtaining GST registrations or migrating existing registrations
- Guidance in relation to the manner of recovering tax from customers
- Evaluating and updating the eligibility and transferability of existing input tax credits
- Guidance on eligibility of specific credits that could be available under GST regime
- Analyzing position on availability of input tax credits – credit restrictions or additional tax credits on procurements of goods and services