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The Goods and Services Tax (GST) envisages a system of taxation which merges many individually applied indirect taxes levied by the central and state governments. Earlier, taxes were levied and collected at various points in the circulation of products and services within the country. GST merges all into a single tax. On the one hand, foodgrains, milk and other articles of daily use are set to become more affordable after full exemption of taxes. On the other hand, some products and services like your mobile phone bills are set to rise in the days to come after a three percentage points rise in indirect tax.

With the expected implementation of GST from 1 July 2017, it is necessary for businesses:

  • to understand the proposed GST law,
  • the broad contours and framework of the proposed Goods and Services Tax (GST) law,
  • likely impact of the new tax levy on the business,
  • take steps to undertake changes in business processes,
  • assess financial impact,
  • frame pricing strategy,
  • align internal organization and IT systems and
  • Be GST ready.

all about GST in India GST rates GST Services GST Filing GST Consulting GST compliance

On 12 April 2017, the Central Government enacted four GST Bills:

Central GST (CGST)
Integrated GST (IGST)
Union Territory GST (UTGST)
Bill to Compensate States

GST Council & GST Network

The GST Council consisting of representatives from the Central as well as state Government, met on many occasions in last six months and cleared -

GST laws
GST Rules
Tax rate structure including Compensation Cess
Classification of goods and services into different rate slabs
Tax administration

GST Network (GSTN), an IT backbone of GST, began to carry out the test run of its Portal.

We believe in personal-touch consulting centered on your needs at all times:

A good accountant will help you file tax returns, prepare annual accounts and claim expenses — so you can be confident of doing things properly and staying on the right side of the Goods and Services Tax Department.

A good accountant will do much more than just crunch numbers for you. As a trusted outsider, we can provide valuable, unbiased advice to help develop your business. Our methods are novel, strategic, adaptable and aligned with your business culture. We specialize in providing tailor made solutions to your business requirements.

Confident Advisor

Whether you are big, small or medium, whether your business is high tech or low tech we can support you with the skills of expert advisor. Come up with innovative and high-quality solutions that will work in any situation anywhere. Please feel free to inquire about our services. Contact us for your solutions . If it is not a service we provide, we would be more than happy to refer you to a qualified professional.

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