Goods & Services Tax Advisory

India’s biggest indirect tax reform in the form of Goods and Services Tax (GST) has was implemented on 1st July 2017.GST is an organization-wide transformational change that has impacted the entire value chain of operations, including procurement, manufacturing, distribution, warehousing, sales and pricing.

GST has been envisaged as a more efficient tax system, neutral in its application and attractive in distribution.

Advantages of GST

Wider tax base, necessary for lowering the tax rates and eliminating classification disputes

Elimination of multiplicity of taxes and their cascading effects

Rationalization of tax structure and simplification of compliance procedures

Harmonization of center and State tax administrations, which would reduce duplication and compliance costs

Automation of compliance procedures to reduce errors and increase efficiency

At Habibullah & Co. our team of GST experts along with experts of accounting, supply chain, project management, and IT across sectors provide thought leadership and advice on GST best practices. Our multi competency teams from Tax and Advisory with expertise on accounting standards/ principles, sector and functional understanding will facilitate companies to comply with statutory changes, while supporting in process readiness.

Our GST experts can help you with

GST Impact Analysis

GST registrations and periodic return filings

GST Audits

Assistance in aligning tax reports, invoices

Providing insights on factors for vendor negotiation

Conducting training sessions

Assisting IT-team to make GST compliant IT-system

GST Representation Services

GST Training/ Workshops

Other GST Advisory

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