Indirect Taxation

Post GST implementation in July 2017, the indirect taxation regime is full of challenges. GKM can provide practical solutions for organizations on the changing canvas of India’s economic system post GST implementation.

The GST regime has brought multiple challenges for small & large businesses in terms of transition, and compliance. Our team of qualified and experienced professionals is equipped to provide regular knowledge updates on GST. You will be ideally positioned to understand the various options available to your organization while putting together your business strategy and implementation. This would help you minimize tax costs and risks while taking advantage of the available credits, offsets, and exemptions.

GKM has successfully assisted multiple clients to move to the new system and supported them in meeting the legal requirements around GST.

We provide the following indirect taxation services to our clients:

  • GST registration and migration
  • Ongoing calculation of GST liabilities and credits
  • Filing of GST returns
  • Liaising with tax authorities in cases of tax demands, scrutiny or disputes for both GST and erstwhile indirect tax issues (service tax, VAT, excise, etc.)
  • Interpretation of GST Act and specific sections based on clients’ industry, products, exporter/importer status, and other unique circumstances

Apart from the above, the following regulations also closely associate with Indirect Tax authorities and regulations:

  • Special Economic Zone (SEZ) regulations
  • Software Technology Parks of India (STPI) regulations
  • 100 % Export Oriented Units (EOU) regulations
  • Foreign Trade Policy (FTP) regulations

A well planned indirect tax strategy is essential for competitive product pricing and ensuring enhanced profitability. GKM can support your business with its experienced team members offering inputs on various significant indirect tax implications.

Reach out to us to discuss on your questions regarding NRI taxation, business setup in India / USA, GST returns filing, transfer pricing or any other questions.

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