GST advisory and compliance

GST Advisory

  • Advising on applicability of taxes on various transactions undertaken or proposed to be undertaken
  • Advising on routine issues related to classification, valuation, place of supply, claim of tax benefits and admissibility of tax benefits and exemptions
  • Opinions on regular tax issues faced by Company
  • Analysing registration requirements of the company considering the business operations carried out from such premise
  • Analysing requirement of cross charge among multiple registrations of the company

Indirect tax review/health check/due diligence

  • Review of GST implementation already done by the Company and various compliances being followed by the Company in accordance with the GST laws
  • Review of each business process such as outward supplies, procurements, stock transfers, exports, refunds, job work, ISD and cross-charge, and others
  • Validation of tax positions adopted by the Company on various revenue streams as well as expenses subject to tax under reverse charge mechanism
  • Undertaking comprehensive review of the business operations to identify tax optimisation opportunities and any compliance gaps
  • Conducting detailed indirect tax due diligence (buy side and sell side)

GST Compliance outsourcing

  • Managing entire indirect tax compliances of the company on all-India basis
  • Strong in-house tax team to support the Company across locations
  • Use of the best-in-class GST Compliance Solution by the team for undertaking compliances, which leads to minimal human intervention
  • Automation of base data extraction from client ERPs and data transformation layer for ensuring standardisation of different data formats
  • Extensive control checks for ensuring accuracy and completeness of data and exhaustive validation checks for return finalisation
  • Complete audit trail for tracking any changes made in ERP data

Strategic consulting and structuring

  • Structuring of contracts and transactions to optimise indirect tax incidence
  • Assisting in contract negotiations
  • Reviewing contract documentation
  • Formulating indirect tax efficient business models

Transformation of tax function

  • Assessment of existing tax team structure, tasks performed by various stakeholders, methodology of arriving at tax positions, compliance process, SoPs for process controls, litigation documentation etc.
  • Creation of a roadmap/ Centre of Excellence (CoE) for transformation of the tax function on the basis of the assessment carried out
  • Implement tax technology solutions for compliance, advisory workflow and litigation management 
  • Assistance in smooth implementation of the transformed tax functions – Advisory, Compliance and Litigation
  • Post implementation review of functioning of the transformed tax functions

Anti-profiteering study

  • Detail analysis of the business functions to check the applicability of Anti-profiteering provisions to the Company
  • Study of the markets and industry in which the Company operates to evaluate alternative mechanism to ensure passing on of benefits and compliance with GST laws
  • Analysis of the procurement and sales structure of the Company and its comparison with the erstwhile indirect tax regime to identify the benefit arising due to GST
  • Assistance on any ongoing enquiry or investigation initiated

GST refunds

  • Review of documents against which the Company made exports of goods/ services outside India
  • Assistance in reconciliation of any mismatch arising between the data reported in GST returns (Form GSTR-1 & GSTR-3B) and corresponding Shipping Bills with export data as reflected on Customs EDI portal
  • Assistance in preparation of the application for refund claim along with requisite annexures for submission with the tax authorities
  • Discussion with the Company in relation to various documents to be submitted with the tax authorities and the procedure to be followed

GST audit

  • Assistance in relation to compulsory yearly GST audit of the Company
  • Guidance in collation of documents and information for the purpose of filing annual return and audit report
  • Review of data collated and reconciliations prepared
  • Assistance in preparation and filing of GST annual return and audit report

Contact us

Pratik Jain

Partner and Leader, Indirect Tax, PwC India

Tel: +91 124 3306507

Dharmesh Panchal

Partner and Deputy Leader, Indirect Tax, PwC India

Tel: +91 22 6689 1455

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