GST Advisory Services

On 1st July 2017, the Government of India has introduced the concept of Goods and Services Tax (GST). It is implemented on all business activities performed in India. GST is the largest indirect tax reform in India since independence. GST is a PAN-India single unified tax imposed on Goods and as well as services, levied only on ‘value-added’ to goods and services at each stage in the economic supply chain. GST has not only changed the tax pattern in India but is expected to impact hugely on each facet of business operations conducted in the country such as supply chain optimization, pricing of products and services, IT, accounting and tax compliance systems. GST will have its effect on tax structure, tax incidence, tax computation, tax payment, compliance, credit utilization, and reporting, moving towards a complete overhaul of the current indirect tax system.

Kanakkupillai has been intimately involved in providing GST Advisory Services Online in India. We work with business units and help them out in drafting policies that will have a positive impact on their operations. We provide a host of GST advisory services such as covering the impact of GST on the business of clients, examining different market scenarios of business models, legislative business level implementation assistance, transition management and undertaking key compliance.