GST Advisory & Compliance Services

Evaluation of processes, internal checks, and controls in place to check their appropriateness from the following perspectives under the GST Law. Such an evaluation shall enable to check the readiness before audit by the GST Authorities –

Under Outward Supply

• Taxability, time of supply, place of supply etc
• Outward supplies records and documents (e.g., tax invoice, export invoice with corresponding shipping bill, delivery challan, Debit/Credit notes, E-way bill, requirement of endorsement by SEZ officer on supply to SEZ, etc)
• Treatment for exceptional transactions such as recoveries from employees, disposal of asset, fees/penalty recovered from vendors/customers, allocation of expenses between distinct/related persons
• Various reconciliation such as income as per financials vs turnover as per GST returns, turnover as per GST returns vs turnover as per eway bill etc

Under Inward Supply

• Availment and eligibility of ITC
• Inward supplies records and documents (e.g., GST invoice, credit note, GRN challan, e-way bill, etc)
• Reversal of ITC under the various scenarios provided under the law
• Discharge of liability under RCM on receipt of specified goods/services
• Various reconciliation such as ITC as per GL vs ITC as per GST returns, GSTR 3B vs GSTR 2A etc
• Treatment for ITC common for more than one GST registration

Others

• Requirement for new registration, amendment of current registration, display of certificate etc
• Records (physical/electronic) maintained in terms of GST law such as production, consumption, inward supply, e-way bill register etc.
• Actions undertaken for correspondences received from the GST Department (if any)