Indirect taxes are consumption-based levies charged on goods and services at various stages of production and distribution. In India, the GST regime has unified multiple indirect taxes into a comprehensive framework. Our expert consultants help businesses navigate GST registration, return filing, input tax credit optimization, and ensure complete compliance with evolving indirect tax regulations across all jurisdictions.
"Effective indirect tax management directly impacts your pricing competitiveness and cash flow. Strategic compliance reduces tax burden while maximizing legitimate credit benefits."
Our indirect tax services cover the entire spectrum from GST advisory and compliance to litigation support and tax optimization strategies. We help businesses across industries understand their indirect tax obligations, implement robust compliance systems, and leverage available exemptions and incentives to minimize tax liability while staying fully compliant.
Our tax experts bring deep knowledge of India's indirect tax landscape including GST, customs duties, and legacy taxes. We ensure timely compliance, optimize input credits, and represent you in assessments and appeals.
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced multiple taxes like VAT, Service Tax, and Excise Duty. GST impacts your business through registration requirements, compliance obligations, pricing strategies, and input tax credit mechanisms. Proper GST compliance ensures smooth business operations and avoids penalties.
Input Tax Credit (ITC) allows you to reduce your GST liability by claiming credit for GST paid on business purchases. To maximize ITC, ensure timely vendor compliance, proper invoice documentation, GSTR-2B reconciliation, and claim credits within the prescribed time limits. Our experts help identify eligible credits, reconcile mismatches, and optimize your ITC claims to reduce overall tax outgo.
Regular taxpayers must file GSTR-1 (outward supplies) by 11th of the following month, GSTR-3B (summary return) by 20th monthly, and GSTR-9 (annual return) by December 31st. Composition dealers file GSTR-4 quarterly. Additional returns like GSTR-6 for ISD, GSTR-7 for TDS, and GSTR-8 for e-commerce operators apply to specific categories. Late filing attracts interest and penalties.
GST refunds can be claimed for exports (with or without payment of tax), inverted duty structure, excess payment, and accumulated ITC. The process involves filing RFD-01 application on GST portal with supporting documents. Processing typically takes 60 days subject to verification. Our team assists in proper documentation, accurate filing, and follow-up with authorities to ensure timely refund disbursement.
GST audit involves verification of returns, records, and compliance by tax authorities. Businesses with turnover exceeding Rs. 5 crore must get accounts audited by CA and file GSTR-9C. To prepare, maintain proper books of accounts, ensure invoice compliance, reconcile ITC with GSTR-2B, verify HSN/SAC codes, and keep all supporting documents organized. Our audit support services help you prepare and represent during proceedings.
