The introduction of GST in July 2017 marked a significant milestone in India’s tax landscape, subsuming various indirect taxes and aiming to alleviate the cascading tax effect. However, the evolving nature of the GST Law, coupled with frequent clarifications and amendments by the government, poses ongoing challenges for businesses. Interpretation issues arising from this dynamic regulatory framework necessitate continuous evaluation of risks and positions by businesses to avoid unforeseen consequences. Additionally, the government’s emphasis on technology underscores the importance of automation in tax compliance processes for accurate and timely reporting. Recognizing the critical role of GST in business operations, AVRSK leverages its expertise in indirect taxes to offer comprehensive services, collaborating with technology partners to provide seamless solutions encompassing invoicing, vendor management, tax computations, and filings.:

Advisory

1. 1. We provide strategic guidance on structuring transactions to optimize GST implications within the confines of relevant laws.
   2. Our team assesses the GST ramifications on current or proposed transactions/agreements, offering informed insights from a GST standpoint.
   3. We deliver expert opinions on various matters governed by GST laws, ensuring clarity and compliance.
   4. Our advisory extends to issues concerning registration, determination of place/time of supply, valuation (especially in related party transactions), tax rates, eligibility and reversal of Input Tax Credit (ITC), applicability of reverse charge mechanism, tax computation, and other related aspects..

Compliance

1. 1. We offer support in acquiring GST registrations across different states, ensuring compliance with regional requirements.
   2. Our automated GST solutions, facilitated through GSPs and other service providers, streamline recurring monthly compliance tasks.
   3. We assist in preparing invoices that align with GST laws, manage email communications with clients, and address inquiries regarding invoicing.
   4. Our team aids in the preparation and submission of all required returns, ensuring accuracy and timeliness.
   5. We provide assistance in preparing and submitting refund applications, facilitating efficient processing.
   6. Our state-wise GST audit and assurance services are designed to equip clients with the confidence to navigate future departmental audits effectively.

Litigation

Representation services comprising assistance during and preparation of responses to departmental audits/notices/refund applications, appearances before the authorities, preparation of appeal documents and attending to hearing of appeal matters.

Other Services

1. 1. Sanity check of all GST/other indirect tax related compliances;
   2. Due diligence reviews from an indirect tax perspective in transactions of merger, de-merger, slump sale and more;
   3. Conducting customized training workshops for clients on all aspects impacting their business operations.

Service Tax/VAT

Even as a majority of the Indirect Taxes have been subsumed under GST, tax litigations on legacy issues under the earlier Indirect Tax regime continue. We support our clients on these legacy issues in the following manner:

Advisory

1. 1. Representation services in relation to service tax audits, VAT assessments and other legacy issues under the earlier service tax regimes/State VAT Laws;
   2. Representation services in relation to Service Tax/VAT refunds under the earlier regime.

Customs Duty

1. 1. Customs Duty is one of the indirect taxes, which has not been subsumed under GST. We advise our clients on matters relating to:
   2. Import and export of goods into/from India;
   3. Identifying product tariff classification and rates under customs;
   4. Valuation issues arising under import transactions with related parties.

FTP

The Foreign Trade Policy (FTP) issued by the Ministry of Commerce contains various incentive schemes for duty free imports and to promote export of goods and services. We support our clients on these incentive schemes in the following manner:

• Advice on the eligibility, rate of duty drawback, documentation requirements, etc. under the incentive schemes;
• Assisting in making the requisite applications to the DGFT;
• Representations before the DGFT in connection with these applications.