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Goods and Services Tax (GST) |
Implementation of GST is the Biggest and the Best tax reform of Independent India. Its major characteristic of matching, Input of GST from vendor with vendor’s output GST, has tapped the revenue leakage of the Government. Which is further strengthen by requirement of waybills. |
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The mechanism of matching has also provided great assurance to the Tax Payers that their tax contribution reach in government’s hand. At the same time, the tax payer needs to keep an eye towards timely passing of the credits by vendors, which is essential for optimising cash flow and reducing risk of non-compliance. |
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KAVA has the team, in association with our technology service partners, the tools and the multi-disciplinary approach to deliver the solutions you need today, and face the GST challenges of tomorrow. |
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KAVA has experienced team of chartered accountants, to assist Clients in: |
- Identify and reduce GST risks,
- Understand and meet their compliance obligations,
- Implement tax strategies that complement their business and operational objectives,
- Resolve disagreements with tax authorities when they arise,
- Manage tax accounting and reporting issues and design of best in class tax functions,
- Providing FD personal on-site to complete outsource of GST function to manage GST receivable from client's vendors and GST payable to client's customer,
- Keeping track and reconciliation of GST receivable,
- To provide assurance services by checking client's inward and outward invoices in compliance with rules,
- Assistance in filling client's periodical returns,
- GST Audits,
- Registration of new tax payer,
- Opinion on matters,
- Assistant and representation in assessment and litigation,
- Assistance in determining cost benefits received by vendors, to negotiate with vendors,
- GST advice in everyday operation,
- Training of client's personnel in order to reduce the business risk exposure,
- Refund application and processing of GST excess paid GST refund to exporters.
- Compliance with Anti-Profiteering norms
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