We provide planning & advisory on structure determination for proposed activities. We follow a very honest and transparent system of handling Tax matters for clients which is our main USP in this domain. We not only ensure that our clients comply with the regulatory framework but we also create value maximization Tax plans and Tax optimization structures to enable them attain maximum advantage within the four corners of law
- Understanding of the Process and System
- Review of Tax Codes and HSN Codes and Tax GL in Books
- Review includes Format of all documents as per GST Law, Sample invoice and document verification and other important system and accounts related aspects
- Review of GSTR-3B and GSTR-1 Filed and its reconciliation with books
- Reconcile Input tax Credit claimed in the GSTR-3B based on Books with Input Credit available in GSTR 2A, performing GAP Analysis with Reasons and providing customized report to client to help them to approach their vendors for necessary corrections
GST Compliance and Audit
Due diligence in GST provides an organization a wider view of prospectus status of organization and impact of the GST applicability to business for all its Financial, Commercial, Operational and Strategic assumptions being made. We provide exposure to investigation reports and due diligence reports on the activities related to GST of the management of business associates. We have a dedicated compliance team offer compliance services in GST including periodical retainer ships as per the needs and requirements of the business of the client. GST compliance work includes,
- GST Registration
- Filing of Returns
- Standard Operating Procedures for the entity
- Assisting in Internal Control by systematized SOP for GST
- Claiming Refund & Rebate
- Clarity upon chargeability of GST along with Customs tariff
- Other Compliance Support customized for the client
- GST audit required under GST Law
Pre-Audit services and GST Health Check-up
S M Singh & Associates LLP team undertakes a pre-GST audit before the GST Statutory audit to ensure timely corrections and modifications. Efficient tax management is the key to any business, since it helps reduce unnecessary costs on litigation and Interest/Penalty burden. Best way to have efficient tax system is periodical health check-up. Our professional and dedicated team providing health check-up services includes: