GST Consultant in Pune- SKPN
It is safe to say that if you are searching for a GST consultant in Pune, SKPN is an exceptional answer for you.GST a sweeping toll is a backhanded expense that subsumes central and state charges. The system targets making India a bound together market and open a wide range of chances for organizations. Almost certainly, it focuses on disentanglement of the nation’s circuitous expense framework, yet it likewise conveys different difficulties to organizations in its arranging, planning, and venture. If you are looking for a best GST consultant in Pune, we have a coordinated methodology that is under the necessities of our customers, and we help our customers in attempted GST compliances-Making it ideal and the new typical.
SKPN is an audit and assurance firm providing GST Consultancy in Pune as the Goods and Service Tax (GST) has been the greatest game-changing change in India’s Indirect Tax Structure which has appropriately enamoured the uplifted enthusiasm of the apparent multitude of partners. S K P N has been a GST Consultant in Pune, as GST supplanted India’s mind-boggling Central and State circuitous expense structure to make a typical market with a consistent roundabout assessment system. Merchandise and Service Tax is one aberrant duty for the entire country on the gracefulness of products and enterprises, directly from the producer to the buyer. GST will influence all aspects of the matter of industry from Cash Flows, Financial Reporting, Tax Accounting and revealing, gainfulness, evaluating, gracefully chain, ERP, contracts updating, IT, showcasing, and so on.
SERVICES PROVIDED UNDER GST
ADVISORY AND CONSULTANCY
* Reviewing the accounting data of client and check for GST compliance as per the tax laws.
* Assisting clients in the Classification of the transactions under the correct HSN/ SAC code for goods/ services.
* Assessing potential impact of GST Laws on different business operations of the client. In other words, advising clients on the applicability of GST on various transactions undertaken or proposed to be undertaken.
* Recurring transaction advisory for Review & Analysis of Purchase Orders, Sales Orders, Contracts, Work Orders or any other document for determining Place of supply of goods / services w.r.t. each supply and drawing up the Tax matrix for the inward / outward supply to ensure correct taxation
* Suggesting tax models for input credit optimisation and ensuring a pass-through tax mechanism, refund mechanisms, etc.
* Suggest relevant schemes, concessions, etc. for business considering the applicable Foreign Trade Policy and GST Laws.
* We advise on applicability of GST on transactions, classifications, valuations, place of supply, admissibility of tax benefits, exemptions and on claim of GST credit and giving opinion on GST matters.
COMPLIANCE AND REVIEW
* We help clients in filing of their Goods and Service Tax (GST) returns as well as for all periodic returns under other tax schemes. We services also include collecting relevant data, review of annual returns, certifying reconciliation statements, and keeping clients updated on GST amendments.
* Determining the inputs, input services and capital goods on which taxes have been paid and credit of which are eligible to be taken and determining the reversals of input tax credit availed as per GST laws.
* Determining the applicability of reverse charge mechanism.
* Intimation for payment of taxes as per output liability of the clients.
* Monthly reconciliations.
* Assistance in the preparation or the review of reconciliation of GSTR 2A i.e. auto populated from supplier data and purchase data recorded by the receiver of supplies. Taking relevant actions as per Rule 36(4) of the CGST Rules for the input tax credit ailment and utilization.
* Filing of Annual Return in Form GSTR-9 or in other relevant form as per the status of the taxpayer.
* Validate / vet replies to letters pertaining to GST.
* Provide timely updates on amendments in
* Regular updates to clients in relation to notifications or circulars issued under GST laws for GST compliance.
We at S K P N provide complete other Goods and Service Tax (GST) Compliance Service like registration process, reply to notice etc. and also provide Review services with respect to transactions , contracts , agreements , business events, pre-audit review etc. to comply with GST law requirement and identify and correct errors at the earlier stage to avoid its undue consequences.
GST REFUND SERVISES
There are multiple modes of claiming refund. The decision to choose particular option depends on multiple factors. We evaluate all option available and suggest best options in your case. Our services includesThere are multiple modes of claiming refund. The decision to choose particular option depends on multiple factors. We evaluate all option available and suggest best options in your case. Our services includes Preparing refund claim as per statutory requirement Filing refund claim with department and making follow up Evaluating alternative modes of refund/rebates and suggesting best option Designing system for generation of necessary documentation for preparing refund claim Making representation in case refund claim rejected Assistance in retrieval of supporting documents
GST AUDIT
GST Act 2017 mandates every registered person having aggregate turnover exceeding two Crores to have a Goods and Service Tax (GST) Audit by a Chartered Accountant / Cost Accountant. So we provide Statutory Audit Services to comply with law requirements.
We conduct audit of books of accounts under GST which would cover following aspects:
- Review of classification, rate of goods which should be according to provisions of GST
- Conducting audit in accordance with all other requirements as per GST Act
- Review of outward supplies declared in return to ensure that it included all outward supplies made
- Review of input tax credits claimed on inputs, input services and capital goods
- Review of inward supplies declared in return to ensure that it included all inward supplies made.
- Review of liability calculated under reverse charge mechanism.
- Review of all deductions claimed including sales returns, abatements, exemptions
- Assessment of registrations obtained
- Review of reconciliation statements are to be filed along with certified audit report.
REPRESENTATIONS
We at S K P N provide representation services before various GST authorities to protect the interest of our esteemed clients. We also provide Advance Ruling services as a preventive measure to get clarification from department regarding Ongoing / upcoming nature of transactions about GST Law applicability.
Setting up of system for accounting of GST and training
The firm takes up the job of setting up system of accounting of GST as best suited to the organization and also conducts customized training of the personnel according to the needs of the clients. We would cover following aspects:The firm takes up the job of setting up system of accounting of GST as best suited to the organization and also conducts customized training of the personnel according to the needs of the clients. We would cover following aspects:
Creation of Reverse Charge Invoice and relating to HSN Code and Service Accounting Code when supplies are received from un-registered person. Monthly executive reports depicting status of compliances. Study of existing system (ERP, SAP, Tally etc.) and reports from GST Compliances point of view. Defining SOP for extraction of the data from the existing system. Data preparations for all registrations required for returns on regular basis. GSTR-1 Data verification including liability against advances received & unadjusted at the end of the month for all registrations Reconciliations with trigger points for the Corrective Action plan for the Unreconciled points.