ARTICLE
24 November 2015

GST Issues – Are You Prepared For GST In India

A
AMLEGALS

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AMLEGALS is a full service law firm with offices in Ahmedabad (Gujarat), Mumbai (Maharashtra) and operations in 14 cities of India. The firm specializes in IBC, GST, Arbitrations, Contracts and Commercial Laws and focuses equally on Proactive Litigation and Advisory.
AMLEGALS, a GST Advisory & Tax Litigation handling Law Firm in India , anticipates the following challenges shall be before every Corporates, MNC's & International Companies in India per and post the implementation of GST in India.
India Tax

AMLEGALS, a GST Advisory & Tax Litigation handling Law Firm in India, anticipates the following challenges shall be before every Corporates, MNC's & International Companies in India per and post the implementation of GST in India:

Pre GST Implementation

  1. Tax Planning Review
  2. Transactions Review
  3. Training Manpower
  4. Cost Effectiveness in Inventory , logistics & Final goods
  5. Business Planning with anticipation of new tax structure with competition
  6. ERP Implementation
  7. Transitional Preparedness
  8. maintaining business calculations & synergy
  9. Reconciliation of credits and stocks

Above all , there is no relaxation provision in implementation of law and discharging tax liability .

Post GST Implementation

  1. Fastest Implementation & Transition to GST
  2. Procurement and Purchase Orders Implementation
  3. New IT Technology & Operating Procedures
  4. Invoicing Patterns
  5. Proper Implementation of GST Transition in input stage credit
  6. Stock conciliation
  7. Strong mechanism of Internal Audit in GST
  8. tax management versus business operations
  9. various misc provisions

AMLEGALS prepares you to face this transition easily and without any litigation .

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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