Regular Compliance:
Our scope of work would include:
- Detailed discussion with the Business team of ENTITY to understand the implication of GST on the Services/ Goods provided /received by ENTITY;
- Providing Various Formats & HSN Codes relating to Invoicing relating to Sales of Goods / Services, Challans relating to transfer of goods for job work, Reverse Charge Invoicing etc
- Comprehensive review of Accounts of ENTITY on monthly basis for the purpose of overall review of compliance of GST at Financial Statement level;
- Comprehensive review of Accounts of ENTITY at transaction level on the basis of materiality for the purpose of overall review of compliance of GST at transaction level;
- Calculation and finalization of monthly GST liability based on books of account for the purpose of payment of the same on monthly basis;
- Calculation and finalization of Eligible Input Tax Credit (ITC) on monthly basis in terms of the provisions of GST;
- Filing of monthly GST returns in Form GSTR-3B, GSTR-1, GSTR-2 & GSTR-3;
- Consultancy with respect to documentation to be maintained in terms of provisions related to GST;
- Providing consultancy to the staff of ENTITY with respect to issued related to GST and providing periodic updates/ developments relating to GST Laws and its implication to ENTITY.
Based on our Scope of work as mentioned above, our professional charges would be based on No. of Transactions (Sales / Purchase etc.) that will be mutually agreed based on discussion