Indian Indirect Tax system mainly comprised of taxes/duties like Excise Duty, Service Tax, VAT, Customs Duty, Profession Tax, Entertainment Tax, Octroi etc.With the introduction of GST from 1st July, 2017,majority of these indirect taxes have been subsumed into GST.
This new tax regime completed its first year of implementation where industries have experienced some immediate impacts (both positive as well as negative). Remember……This is just a beginning.After one year of GST implementation in India, one can observe that law of GST is based on law of central excise and service tax whereas GST compliance is based on law of sales tax.
We, Proficient Partners, are recognised as expert hand in indirect taxes. We were exclusively into Central Excise, Service Tax and Sales Tax. Now, of course, exclusively into GST. At Proficient Partners, we are distinct in our ability to help our clients to solve their most complex problems. We are differentiated by our capability to execute the advice we provide to help clients in the markets where they operate today and where they want to be. We offer advisory &compliance services which includes:
- GST consultation in routine work
- Written opinion
- GST in-house training
- GST return filing (GSTR-1, GSTR-3B, GSTR-9, ITC-04 etc.)
- GST Health Check / internal audit from GST perspective
- Assistance in GST reconciliation
- Support in Assessment / Scrutiny
- GST Audit Report (GSTR-9C)
- Assistance in GST Refund