040 - 6459 8842 Madhapur, Hyderabad - 500 081. Telangana

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Overview

Our teams work on complex business problems in a variety of industries, including health care, technology, financial services, and more. Our work for leading law firms, Fortune 500 companies, global health care corporations, and government agencies includes large-scale antitrust and securities class actions, intellectual property disputes, and valuations of multibillion-dollar investments.

Impact analysis study

Decrease or increase in working capital requirement on account of Input Credit and Output tax which will depend on nature of industry (Manufacturing, Trading or Service) and the business model (Business to Business or Business to Consumer).

  • Plan the terms and conditions of existing agreements, which will remain effective on the transition date and suggest the required changes to avail the full benefit under GST Law.
  • Plan the requirement of changes in the IT system with the introduction of GST.
  • Plan of complete Supply Chain operations for supply of Goods and Services from the perspective of GST and advise necessary changes. It many even involve shifting or removing warehouses in certain cases.
  • Plan the impact of GST on the pricing of goods and services through the simulation model with couple of scenarios.
  • Sugest on the Tax Planning scenarios under GST regime.

Transition support

  • Plan of input credit services and capital goods, which is eligible to be carried forward in the GST regime.
  • Plan of information/documents being filed with GST authorities regarding registration application, credit transition document etc.
  • Sugest on the valuation of services as per the GST provisions for payment of GST.
  • Plan of the reports being generated from the various sources whether the same are in compliance with GST requirement.
  • Plan of Invoice Format under GST and other related documents.
  • Sugest on Input Service Distributor registration to avail maximum allowable credit of GST on input services.

Handholding and training

  • Provide training to tax team to handle the GST compliances related to payment of GST and filing of GST return.
  • Plan of tax returns being filed with each State for the initial 3 months post GST implementation date.
  • E-mail support on queries being raised on regular GST compliances for initial 3 months.