Why GST Consultant?

The Goods and Services Tax (GST) refers to the tax levied on a consumer upon buying a good or service. Taxes including Service Tax, Purchase Tax, Central Excise Duty, Luxury Tax, State VAT/ Sales Tax, Entertainment Tax, Surcharges and Cess, and many others will be replaced by GST. It will thus broaden the tax base, thereby resulting in reduced effective rate of tax. Various other benefits that the model would lead to includes an increase in GDP, Increase in Foreign Direct Investment, reduction in tax burden at multiple levels and on the final customer, cheaper import for retailers due to credit of import duties, increase in International competitiveness, and so on.

Need of a GST Consultant for Companies or Businesses

This GST tax would thus also transform the transportation and logistics sector and create multiple opportunities in the supply chain. Companies would also be affected as they can now simplify and strengthen their various distribution networks. To help understand this method of revamping their supply chains while adopting the GST law and procedures, these companies can hire a GST Consultant who can advice and teach them about the same. Such a consultant can also guide you on how to renew your IT systems in areas such as purchasing, invoice, and financial reporting while moving with the new tax structure.

Services provided by GST Consultants of IndusGuru

Since the introduction of the GST bill, the need for GST Consultants in India has also risen. We at IndusGuru provide various expert guidance and advice to various businesses and organizations that deal with the sale and purchase of goods. Our consultants help such businesses to implement the GST program effectively, train them about the scheme, and teach them about the implications of GST Law.

Why Should Your Company Need A GST Consultants?

In India, GST implementation is imminent from July 1 and all organisations are gearing up to transition to be compliant to GST. The compliance of GST will throw up unique challenges. A GST Consultant will help a company to make a smooth transition from pre-GST era to post-GST era. GST Consultancy services include [a] GST Implementation & Transition [b] GST Training [c] GST Law Implications.

For the first time, GST introduction will create a unified market across India, allowing free movement of goods across state boundaries. This is expected to transform the logistics and transportation sector, creating opportunities in all physical supply chains. Companies can simplify and consolidate their distribution networks, they can get efficiencies in their cost of procurement. Hence an important part of a GST consultants role is to help and organization understand how it can revamp its Supply chain and operations, apart from complying with GST law and laid down procedures

GST transition, will also need organisations to revamp their IT systems – particularly in invoicing, purchasing and financial reporting to account for new tax structures

GST consulting for large corporates in India is dominated by the Big 4 professional services firms, but there is also a huge base of independent experts and chartered accountants and operation consulting professionals who can also provide cost effective services to mid-sized firms


1.  People who are at risk to enrolled: If the total turnover in a money related year surpasses Rs. 19 lakhs, it is provider’s obligation to get enrolled under the GST law. The top for providers in the Northeastern and slope states is Rs. 9 lakhs. The individual who is required to be enrolled will be considered as assessable individual under the GST law and is subject to pay impose if his total turnover in a budgetary year surpasses Rs. 20 lakhs (top for the Northeastern and slope states is Rs. 10 lakh.)

A few classifications of people who should be required to be enlisted under this Act regardless of the limit like people making interstate supply, people required to pay impose under switch charge, alien assessable people. And so on.

2.  Place of enlistment: The place of enrollment ought to be from where the merchandise or administrations are provided. This assists with virtual commercial centers, for the most part web based business. For each express the assessable individual should take isolate enrollment despite the fact that the assessable individual providing the merchandise/administrations or both from more than one state as single substance.

3.  Movement of existing citizens from GST: Every individual effectively enlisted under the current law will be issued a temporary declaration of enrollment. This authentication might be legitimate for a time of six months, henceforth giving them enough time to roll out the improvements in their model and outfit the required data, before the last testament is given.

4.  Assessable Event: Supply exercises of merchandise or administrations, for example, deal, exchange, bargain, trade, permit, rental, rent or transfer made or consented to be made for thought are all assessable occasions. Importation of administrations, regardless of whether for thought or supply indicated in timetable I, made or consented to be made without a thought are all assessable occasions.

5.  Purpose of GST tax assessment for supply of merchandise at the most punctual of the accompanying dates:

  • Date on which the merchandise are expelled for supply to the beneficiary (on account of versatile goods).or
  • Date on which the merchandise are made accessible to the beneficiary (on account of resolute products).
  • Date of issuing receipt by provider.
  • Date of receipt of installment by provider.
  • Date on which beneficiary demonstrates the receipt of the merchandise in his books of record.

6.  Purpose of GST tax assessment for supply of administrations should be:-

In the event that the receipt is issued inside the recommended period: – The date of issue of receipt or the date of receipt of installment, whichever is prior

In the event that the receipt is not issued inside the endorsed period:- The date of consummation of the arrangement of administrations or the date of receipt of installment whichever is prior.

The date on which the beneficiary demonstrates the receipt of the administrations in his books of record, in the event that where the above arrangements don’t have any significant bearing.

7.  Assurance of Valuation: The estimation of a supply of merchandise or administrations might typically be the exchange esteem. In the event that, the valuation can’t be dictated by the exchange or supply esteem, the valuation can be made by supply or exchange estimation of comparable items and administrations. {As per GST valuation (Determination of the estimation of Supply of merchandise and ventures) Rules, 2016)}

8.  Usage of credit: Every enrolled assessable individual should be qualified for assume acknowledgment of permissible info impose. The information assess credit is credited to the electronic credit record.

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