GST consultant in Ahmedabad : Any business entity that has previously been registered under any of the existing tax regimes is required to migrate under GST law, regardless of the threshold limits. New business entrants who sell goods and services but are not registered under any of the previous tax systems are required to register under GST only if their total turnover reaches the stipulated threshold limit in any fiscal year.
Moneycare Consultancy, GST Consultant in ahmedabad helps business analyzing GST’s possible impact on the company’s existing business activities and operations. Based on the assessment, a full transition report, including quantification of impact on pricing, incentives, profitability, top-line and cash flows, is delivered to the company management. The exercise comprises analyzing the impact of GST on procurement, production and distribution channels with the aim of presenting ideas for re-aligning the business model to help better capture the additional value that may be available for GST.
GST, a new levy, subsuming several Central and State levies such as Central Excise, Service Tax, VAT, Octroi, etc. Despite excellent efforts to simplify the same, many queries, challenges, and difficulties remain. A big chunk of taxpayers would be new to this tax environment, and they’re certain to be frightened of the intricacies and challenges associated in securing a tax-compliant system. The well-known tax rigors, starting with registration and continuing with record-keeping, return/statement filing, etc., would make any taxpayer anxious, especially when brought into a new tax system.
In such a situation, our objective is to train and equip taxpayers with constant changes to the GST law and procedures to make taxpayers comply with GST. We seek to instill and restore trust in such taxpayers that the GST regime would be more user-friendly and sophisticated than prior tax regimes.
We provide consultancy for Goods and Services Tax for more information visit us at our nearest branch or contact us.