Opinion on Indirect Tax matters
The GST law has subsumed most indirect taxes and is today the most important indirect tax that applies to businesses all over India. The GST law taxes both goods and services. The law is elaborate and contains various provisions that determine the point of taxation, the place of supply, the rate applicable to the supply, the payment of GST, and the filing of GST returns. Given that it is still in its early days, the GST law is evolving continuously. The taxpayer should pay attention to the circulars and notifications issued and the orders of the court, as these will have a direct impact on the business.
It is important that you stay abreast of the changes in GST law and have full knowledge of the recent developments. As a business owner, you would need to know if your business is compliant with the GST laws. You will need to be sure that you have the necessary registrations in place, and that you are paying your taxes accurately. To take full advantage of the GST law, business processes must be carefully planned.
Hegde & Associate’s indirect tax experts will be able to help you at every step. We will identify instances of possible noncompliance and do our best to highlight litigious transactions.
We will provide you with a written opinion on nearly all matters contained in the GST Law, including place of supply, import of services and goods, reverse charge mechanism, TDS and TCS under GST, e-commerce supplies, multi-state registration, input tax credit, blocked credits, GST returns, and GST tariffs.