Immense business transactions takes place across borders involving indirect taxes, increasing and complicating their tax risks.. The magnitude of Indirect taxes ― such as GST, Custom duties and Excise is rarely highlighted in annual reports ,Yet indirect tax raises significant risks for all businesses.
GST a destination principle based tax system is seen as the single most important tax reform initiative in India. It is expected to promote investment and expansion of the economy. GST will have a sound impact on almost all aspects of businesses operating in the country In order to prepare for the GST, the companies need to understand its full significance and test the system changes.
We have been closely associated with the GST initiative through a specialized team of experienced professionals that advises businesses on distinct issues. We can help businesses recognise policy changes, look out impact on their operations, and engage in a dialogue with the concern authorities for remedies to address any concerns. Businesses may face indirect taxation obligations in countries where their clients are based. It can be complicated to comply with. But we can advise in advance and can support in the circumstances.