AMLEGALS is one of the leading GST advisory firm in India for domestic and international companies in India. We have vast experience in indirect tax and implications as well as fully conversant with the nature of transactions in various industries.
Our GST advisory team have hand hold working to help every businesses and organization to recognize, analyze, focus and address various challenges related to GST laws.
Mr. Anandaday Misshra, Founder & Managing Partner is a leading lawyer in GST in India. He has approx. 25 years of experience in Indirect taxation. He has authored book on GST – Law & Procedure( Taxmann). He has many leading decisions in GST writs in different High Courts of India.
Our expert GST advisory team work closely with the indirect tax team of a business organisation and always advise the following parameters to be followed by them at any given point of time :
GST Laws Analysis
One should be vigilant and keep analysing the cases decided so far under GST regime so that how law has evolved can be understood over the period of time and it will enlighten the future path of GST law since for atleast one decade changes in GST will be very frequent.
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Review GST Law & Business Alignment
GST is still an evolutionary law and has many wide and unforeseen implications under the law. It is advised that entire business transactions, finance, operation, etc., should be constantly reviewed with every change in law on a regular basis so that unforeseen liabilities can be averted with a well informed decision at a correct time.
It is always emphasised that a 360-degree tax review should be carried out by the in-house team or outside GST advisors to ensure that the availed ITC is at par the ITC eligibility, correct valuation has been adopted and tax liability is discharged.
GST Implementation & Transition
Proper implementation of GST and identifying the areas affected by changes under GST Regime should be followed by vetting of such decisions on regular basis.
Post-implementation of GST, one should ensure that future and ongoing projects or orders have been properly documented and time of supply and place of supply is correctly ascertained.
GST Training
Internal training should be focus of every indirect tax team as it keeps one not only updated but also aware about the grey areas so that all safeguard can be taken with due diligence as a team effort.
GST Contracts Review
We at AMLEGALS under our GST Advisory always emphasise that it is significant to carry out a constant vetting of the contracts and changing the modules therein and structure of contracts in line with the evolution of GST. It is equally important to have proper understanding of interplay of various laws with GST so that unforeseen liabilities can be averted.
To know more about our GST advisory, feel free to connect with chaitali.sadayet@amlegals.com or call on 91-8448548549.
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