GST Advisory
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GST Advisory
GST counseling services are concerned with a company’s overall tax performance. It creates a strategic approach to stock transfers, an input tax credit, refunds, valuation, classification, and export benefits, among other things.
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Overview
Overview
- The Goods and Services Tax (GST) is India’s greatest indirect tax reform since independence. GST is a pan-India uniform tax on both goods and services that are charged exclusively on the ‘value added’ to commodities and services at each level of the economic supply chain.
- GST is likely to have a far-reaching influence on all aspects of corporate operations in the nation, including product and service pricing, supply chain optimization, IT, accounting, and tax compliance systems. It will have an effect on the tax structure, tax incidence, tax computation, tax payment, compliance, credit use, and reporting, resulting in a total reform of the present indirect tax system.
- The idea of the Goods and Services Tax was established by the Government of India on July 1, 2017. (GST). It is used to all commercial activities conducted in India. GST is India’s greatest indirect tax overhaul since independence. GST is a pan-India unitary tax on goods and services that is levied exclusively on the ‘value added to products and services at each level of the economic supply chain.
- GST has not only altered the tax structure in India, but it is also likely to have a significant influence on all aspects of corporate operations in the nation, including supply chain optimization, product and service pricing, information technology, accounting, and tax compliance systems.
- We at Legal Ladder have a large pool of qualified professionals who have been keenly following the changes in GST. We assist companies in predicting policy changes and analyzing their impact on their operations.