GST
Goods & Service Tax
Goods and Services Tax is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
What GST means?
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.
Service Tax
Service Tax has become an important compliance, specially with the amendment in regulation since 2012. Now almost every service is covered leaving a few exempted. This now has repercussions like registration, filing returns, calculation of service tax payable and so on. We provide Online Service Tax Registration services include end to end solution like advice on applicability of Service Tax to meeting compliances including Registration and filing of requisite forms with the Department. We also undertake review of specific agreements to identify the applicability of tax.
Walia Walia & Walia Associates help you in the following areas:
- Assessing applicability of service tax
- Registration, single premises and centralized
- Identifying impacts of latest updates on the entity/service
- Assisting in calculation
- Advising on availability of cenvat credit and utilization of the same as per the legislation.
- Helping in assessments/ other departmental representation
- Compliance and regulatory consultancy
- Due Diligence
- Payment and filing of service tax returns
- Litigation matters
- Preparation of appeals and appearing before the authorities.
- Advising on documentation to be maintained.
- Assisting in applying for refund of service tax, especially in export cases.
- Service tax audit related assistance.
- Structuring of business transactions to maximize tax efficiency