Goods & Services Tax (GST) Consulting

GST impacts the following:

• Capital
• Price of product and services
• Present exemption from taxes or benefits
• Decisions in Supply Chain
• The process of vendor selection

What makes us the best choice for GST Implementation?

With a dedicated team of experts having good experience in the field of Indirect Taxation and have worked in all ERP platforms.

Why act on GST implementation?

• GST Council finalized the rates
• GSTN began migrating existing Taxpayer’s data
• There are model GST Law and major Draft Rules

How can Venture Support help you?

We can assist you in GST Implementation process with the following services:

• Impact analysis study
• Lowering or increase in working capital needs on account of Input Credit and Output tax which depends on the industry type and the business model.
• We review terms and conditions of present agreements, that will be effective on transition date and make suggestions for necessary changes to get benefits under GST Law.
• Review changes if needed in the IT system with GST introduction.
• Review GST impact on pricing of goods.
• Advise Tax Planning Scenarios.
• Support during the transition.
• Review of input credit services and capital goods.
• Advise on the valuation of services as per GST provisions for GST payment.
• Review of Invoice Format under GST and other documents.
• Advise on Input Service Distributor registration to get maximum credit allowable of GST on input services.
• Hand-holding & training
• Provide training to tax team to handle the GST compliances related to payment of GST and filing of GST return.
• Review filing of tax returns for an initial 3 months posts GST implementation date.
• E-mail support while answering queries.