GST i.e. Goods and Services Tax has been executed in July 2017 in India’s replaced plenty of indirect taxes such as excise duty, VAT, service tax, central sales tax, countervailing duty (CVD), etc. GST has far-reaching impacts for implicitly all businesses in terms of tax rates, overall tax incidence, input credits, distribution system, prices, and costs.

It was introduced for all the businesses in India GST Model Law. It will include a comprehensive study of GST, classification of changes to any long-term contracts, leading tax-code mapping for all transactions and a summary of the existing level of compliance.

The best GST Advisory service in India is offered by LegalRaasta, which is leading in GST Registration, compliance, and audits. So it’s pretty clear that you will get the best services & advice from our experts. We perform a key part in promoting awareness of the GST and guide what steps our clients must take pre and post introduction of GST.

• ✔ Previous Law Converted Taxpayer- All people or companies listed under the Pre-GST tax laws like Service Tax or Excise or VAT, etc.


• ✔ Turnover for Goods Provider- If your annual sales or turnover of goods exceed Rs. 40 lakh. The Special Category Status has a ceiling of Rs. 20 lakh per year, thus you'll require GST Advisory Service to apply.


• ✔ Casual Taxpayer- If you provide goods or services, in events/exhibitions, and not have a stable place of doing business. In such cases, GST is charged on the basis of an expected turnover of 90 days.


• ✔ Agents of Suppliers or Input Service Distributor- All supplier agents and ISD, to get advantages of Input Tax Credit.


• ✔ NRI Taxable Person- If you are an NRI or managing the business of NRI in India.


• ✔ Reverse Charge Mechanism (RCM)- Businesses who require to pay taxes under the RCM also require to be GST registered.


• ✔ E-Commerce Portals & Sellers- Every e-commerce portal like Amazon or Snapdeal under which various vendors are marketing their products.


• ✔ Outside India Online Portal– For suppliers of online information and database access or retrieval services from a country outside India to Indian Residents.


• ✔ Transferee– When the business has been shifted.


• ✔ Turnover for Service Provider- While applying for service provider status with a special category status limit of Rs. 10 Lakh per year, you must additionally have GST Advisory Service if you are a service provider and your sales or turnover exceed Rs. 20 Lakh in a calendar year.


• ✔ Inter-State Operations– Persons making an inter-state supply. No matter how much is turnover they have to apply for GST services.


• ✔ Brands- Aggregator who provides service under his Brand or Trade Name.


• ✔ Other Taxation– Persons who are expected to deduct tax u/s 37 (TDS) of the Income Tax Act.


• ✔ Voluntary GST Registration– Any entity can get GST registration at any-time. Even when the above necessary conditions don’t apply to them.


• ✔ Inter-State Registration– If you are a supplier in more than one state you require GST Registration in all the states that you supply goods or services to.


• ✔ Branches- If your business has various branches in many states, register one particular branch as the main office or head office & the remaining branches as added. And if your company operates in distinct verticals that are stated in Section 2 (18) of the CGST Act, 2017, then this does not apply to you. If you are still unclear, you can get assistance from the GST Advisory Service.


• ✔ Special Category States- Arunachal Pradesh, Mizoram, Assam, Meghalaya, Tripura, Himachal Pradesh, Manipur, Sikkim, and Nagaland are the Special Category States under the GST Act, and they can choose to pay tax at a reduced rate.

Businesses require to ensure:

• ✔   Proper analysis in terms of HSN and SAC codes & the applicable tax rates (usually ranging from exempt to 28%)
• ✔   Ascertain place of supply to learn the proper state for GST compliances and tax payments.
• ✔   Claim proper input tax credits were available and eliminate or defer input tax credits not available, even refunds or tax credits for exports.
• ✔   Determine & assure compliance with a reverse charge on inward supplies where applicable.
• ✔   Secure filing of periodic and annual tax returns in all state (or for each registered presence) based on applicability.
• ✔   The proper process for valuation in case of related party transactions.

Thankfully, our GST advisory Service experts are here to assist.

The Goods and Services Tax is the incorporation to eliminate multiple indirect taxes levied by the Centre & state government into a common tax. The GST tax has abolished the complexities associated with charging taxes in separate taxes. The businesses need to file monthly, quarterly and annual returns. The businesses with an annual turnover of more than 2 crores are also required to file an audit report. Our range of services makes it smooth for you to comply with tax policies.

Some of our extensive GST Advisory Service are:

• ✔ GST Registration: As per the GST regulations, GST registration is done by the online portal owned by Central Government. We help you get the online GST registration in India done swiftly and effortlessly.


• ✔ GST Returns: As per the GST Act it is necessary for all registered businesses to furnish the details concerning their sales and purchases which involves taxes paid and collected by the appropriate filing of GST returns online in India.


• ✔ GST Amendments: If you are listed as a taxpayer, any changes that you require to make pertaining to details of your core and non-core fields like address change, etc are taken by our GST Advisory Service experts.


• ✔ GST Audits: The team at our company has extensive information about the GST audit and annual return and can conduct audits and provide appropriate reports for the clients.


• ✔ GST Assessment: We also assist you with self-assessment of GST.


• ✔ GST Compliances: We can keep you notified with new compliances stated by the government.


• ✔ GST Consultancy services: We offer consultancy services regarding the latest updated and changes in rules and regulations by GST authorities on a daily basis. We are one of the most secure & reliable GST consultants in Delhi.

• ✔ Considering the existing IT System, source blueprints and flowcharts shared with us, to give the tax triggers and mapping for all of the business transactions.
• ✔ Develop logics basis the modifications introduced in law including those for the transition of credits.
• ✔ Configuring tax rates and refreshing master file basis the scheduled rates.
• ✔ Advise on the reports to be created from the system for GST purposes.
• ✔ Advice on the structuring of invoices, credit notes, debit notes, and other related documents.
• ✔ Administering UAT Testing of the GST version of the IT systems and Reporting the observations.
• ✔ Final testing of the IT systems and give an agreement report.

• ✔ Customized in-house training for organizational terms for Finance, Taxation, Legal, Commercial, Sales and Marketing departments are also done by our GST Advisory Service experts.
• ✔ Training for vendors, suppliers, and customers.

We at LegalRaasta keep a close eye on GST developments. We help the company foresee the policy changes and evaluate how they will affect their operations. We offer specialized GST advisory services, such as determining how GST would affect businesses, scenario analysis, which includes looking at alternative business models, aid with legislative business level implementation, transition management, and big compliance projects.

As part of our GST advisory services procedure, we:

• ✔ Broad Impact Assessment: Using information in the public domain, we build a specific level of concept to impact the areas, compare the GST systems in related jurisdictions, and identify ways to increase opportunities.


• ✔ Analyzing the Whole Scenario: For the goal of providing GST advisory services, do adequate estimates of the impact of GST on businesses and identify potential scenarios that could maximize or decrease the aforementioned opportunities or problems.


• ✔ Implementation Assistance: As part of GST Advice and Helping in implementing necessary adjustments in the supply chain, look at the custom-design alterations, internal controls, and accounting.


• ✔ Transition of the tax liabilities: The goal of the GST advisory service is to provide assistance with the transition of the tax liabilities and credits while looking at the rules.

At LegalRaasta we are here are professionals who observe the changes in the market and direct the clients according to their needs. We offer professional GST Advisory Services, which include evaluating the impact of GST on businesses, scenario analysis, advice for business level implementation, completing the necessary compliances, and managing the transition.

The following are necessary components for GST Services:

• ✔ GST Planning: With the aid of our GST planning services, you may more effectively find ways to cut your Tax liabilities, cut compliance expenses, and boost your cash flow.


• ✔ Impact Assessment: Our first priority is to do in-depth research on the GST in the industry and assess its impact on the business. We also look for ways to increase opportunities and use this information to provide GST Advisory Services.


• ✔ Comprehensive Evaluation: We offer comprehensive analyses that are then focused on the business as a whole and identify potential scenarios of opportunities or problems that could be maximized or eliminated for the organization's goals.


• ✔ Execution Assistance: This is a part of our GST Advisory Services and entails helping the client make the necessary modifications to the business as well as reviewing and recommending adjustments to the documentation, procedures, and policies to satisfy the GST requirements.


• ✔ Full analysis of process: Full analysis of the GST registration process, assistance with the first cycle of GST compliances, including invoice formats, returns, etc., in transferring the tax credits and obligations, and addressing particular needs, such as ideas for assistance.


• ✔ Help for Government Relations: Through our GST Advisory Services, we assist clients in getting in touch with or working with the proper government departments. They will also help you prepare for a federal audit.