Good and Service Tax is the largest Indirect tax reform in India which already has a major impact in the way business has carried out at pan India level. It has replaced almost all the existing Indirect tax or levies like Excise Duty, Service Tax , VAT, Entry Tax etc. Its impact will vary across the different kind of businesses.
Dual GST structure enhances the overall complexity which can be mitigated only through a proper understanding and planning of whole business operation in context of GST. It’s imperative and high time for all the businesses to gear up and assess the likely impact of GST on their kind of business.
Old age concepts like “Sale”, “Manufacturing”, “Stock Transfer” needs to be unlearned and new terms like “Supply”, “Time of Supply”, “Place of supply” to be learned. Now, almost whole India will be one market, breaking the boundaries of erstwhile State specific indirect taxes. In this context our responsibility is to help our clients to plan their business transaction wisely in GST regime. We can help you in following way-