What is GST?

• A consumption tax that varies by the location where it is used, meaning that if goods or services are transferred from one state to another, the tax will be collected by the state where the final destination is.
• The GST system in India uses a dual model. The Goods and Services Tax (CGST) will be collected at the federal level, and the State Sales Tax (SGST) will be levied by each state.
• The Goods and Services Tax (IGST) on goods crossing state lines will be a shared tax.
• The principle of having a single taxable event, meaning the transaction is considered the moment of supply, is applied.
• This is also known as the Fourtier tax structure, along with a cess for compensation, which is optional

What assistance can we provide?

• Assessing the effect
• Tracking the present business model compared to the model in a Goods and Services Tax (GST) setup
• Studying the major tax effects of activities done
• Picking apart agreements
• Looking into if tax credits are suitable for the GST framework
• Simulating input/output cost frameworks
• Finding problems and creating a strategy for resolution.

Developing Plan

• Efforts in organizing tax documents, invoices
• Offering perspectives on aspects important for discussions with suppliers
• Guidance on issues related to the transition
• Creating a schedule for GST tax regulations
• Running educational programs
• Supporting the IT department in developing GSTcompliant IT solutions
• Checking the accuracy of tax calculations in the system postIT setup
• Support in organizing current Revenue Collection Managers
• Assisting in finding checks within the organization to minimize mistakes

Evaluating the effects of the final GST legislation