Indirect Taxation
Indirect taxes are the kind of taxes that are levied on Goods & Services. In India, indirect taxes are levied in form of Goods & Service Tax (GST) &Customs Duty. Every business organization whether small or big is required to comply with the legal requirements under those laws for the smooth running of their businesses. Indirect taxes directly impact the cost of goods and service, cash flow, profitability and ultimately stakeholder value. Any lapse in recovering tax at transaction stage would result in adverse commercial implications. It is imperative for business entities to examine its tax structures, undertake an in-depth analysis of the tax costs and thrive for tax optimization. Precise documentation and compliance are must to be on the right side of the law. We at Yuv Accountax assist our clients in providing the following services with regard to Indirect Taxes.
- Registration: Assistance in obtaining registration for various forms of entities under Goods & Service Tax and Customs Act (IEC).
- Compliance: Filing of monthly/quarterly/event based return and complying with other requirements under Goods and Service Tax regime & Customs Act.
- Advisory: Providing various advisory services to assist our clients to get complied with the various documentary and legal requirements under Goods and service Tax Law.
- Availing Export incentives: We assist our exporter clients to avail the benefit of Export incentives provided by the Government of India on making exports which also helps them in reducing their cost.