Goods and Services Tax

GOODS AND SERVICES TAX

GOODS AND SERVICES TAX

Stressing over GST? We help you create a robust system which ensures compliance to the current GST regulations.

1 IMPACT ANALYSIS

We help you analyse the key impacts of GST implementation on various transactions conducted by your business. As a part of impact analysis, NSKT and Co LLP assists organizations in aligning their current business models to conform to GST norms. We also support businesses by evaluating agreements and analysing the eligibility of a business for tax credits applicable in the GST laws.
Our team of experts have handled GST for several companies to understand areas where businesses may require to pay more attention and to amend their operational processes to include GST. We look at areas which may create issues related to non-compliance and help companies solve such problems at the earliest possible stage.

2 IMPLEMENTATION PLANNING

We support different sections of the organization to implement GST. From the creation of tax reports and invoices that reflect GST to helping businesses identify ways in which they can increase vendor negotiation, our team of GST experts provide sound advice to help companies implement and understand GST in an effective manner.
This also includes extending our support to the IT teams to make sure that the IT system complies with GST rules. We conduct deep analysis of all processes affected by GST organization-wide compliance.

3 POST IMPLEMENTATION SUPPORT

Once a company has implemented GST, we extend post implementation support where we provide the business with advisory services. We frequently check the efficacy of the implementation and ensure that the business is utilizing credits whenever it is eligible to do so.
If we notice that certain processes may do better with changes, then we advise the business of the changes and also keep the organization updated on legal changes affecting GST. We also provide ASP/GSP support to businesses post GST implementation.

4 GST AUDIT

NSKT and Co LLP provides auditing services to its clients ensuring compliance to GST. Section 2(13) of the CGST Act, 2017 defines audits as an examination of records, returns and other documents which have been maintained by the entity registered under the GST Acts.
The audit procedure requires extensive knowledge of GST and insight into procedures and areas of operations that are affected by the GST regime. We begin by planning and end with an extensive report which provides a complete assessment of the company’s compliance and understanding regarding the provisions of GST.

5 GST REPRESENTATIVE SERVICES

GST is still relatively new for many organizations. Litigations and disputes arise due to incomplete knowledge or inefficient application of GST in an organization. We attempt to understand the reasons for the dispute and support organizations by advising them to proceed with litigation or to alternative ways of solving a dispute.
Additionally we also provide representative services before relevant authorities with regards to GST compliance.

6 GST TRAINING/WORKSHOPS

Keeping in mind that companies require their employees to understand GST for proper implementation, our experts conduct training and workshops for GST. This ensures that employees handle new tools and adapt to new processes more easily and are able to confidently support the company’s implementation of GST throughout the organization.
All training’s and workshops are conducted by professionals who have practical knowledge of GST and who have helped businesses with GST implementation. They are able to provide the attendees with first-hand experiences and information regarding the impacts and implementation of GST.

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