Challenging Case Studies.
Dynamics of Indirect Tax compliance has changed with the advent of GST. The companies who were having singular centralized registrations under service tax are suddenly required to have multiple registrations. Even though, GST is unified tax, it calls for registration in each state wherein there is a permanent establishment of business in any manner. India being federal structure of economy, it call for share of tax by each state in case of Indirect Tax which GST.
Multiple state Registration means, multiple returns. There shall be three filings per month for each registration. Also, every month, one needs to worry about the cross matching of credits and reconciliation of the returns accordingly. The talent required, especially with organizations having presence in multiple states, for this kind of compliance is much higher than that required by the erstwhile laws.
APMH has built expertise to handle complete indirect tax compliance life cycle. Starting from extracting the data from the ERP system, to sense checking the data from GST stand point, to validating the required fields, to advising on reasoning for mismatch, to filing the returns and ultimately supporting the update in the ERP system. This team also handles the regular refund applications for GST in case of export oriented companies and followups for the claims. The enterprise GST compliance team also does day to day consulting with regards to GST by the corporate. Apart from this, the entire knowledge transfer is smoothly managed by the APMH team so as to make corporates assured about the regular GST compliance.
APMH also handles GST compliance for Electronic Commerce Operator, Composition Dealer and Input Service Distributors (ISD). Annual compliances like GST Annual Return is part of our forte.
Please feel free to get in touch with us if you have any questions or would like more information on our services.