After many delays and missed deadlines, India finally embraced Goods and Services Tax ('GST') from 1 July, 2017. GST is perhaps the most significant and complex tax reform ever undertaken in the history of independent India.
GST being a transaction tax which subsumes most of the existing Indirect taxes levied by the Centre and States, may require significant realignment of operations including supply chain and logistics, pricing, procurements, accounting and Information Technology ('IT') Systems.
Further, a reform of this magnitude may take time to settle and the legislative process would entail frequent amendment in the law, procedures and tax rates. This would require businesses to continuously adjust to the additional requirements thrown up by such amendments and this is a situation you need us.
We at Mehta Garg & Dhanuka have developed a GST team, assisting a diverse set of businesses in migrating to GST and ensuring seamless transition without any business disruptions. Further, we have developed technology tools, which help businesses in ensuring timely and smooth compliances with the law; along with assisting clients with high volumes and spread out operations in meeting the GST compliances.