Goods and Service Tax

GST is an Indirect Tax which has replaced many Indirect Taxes in India. Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. GST is one indirect tax for the entire country.

The application of the new GST Act for every entity needs detail evaluation and Analysis. The existing regime requires businesses to undertake careful upfront analysis of the tax costs involved in a transaction¸ ensure adequate backup documentation to support their tax positions and constantly explore opportunities for tax optimization.

At KONERU & ASSOCIATES, we guide our clients through tax planning, Advisory Services, strategies in respect to the Goods and Service Tax that minimize your tax liabilities and keep you on track of your GST compliances. Our expertise, experience, analysis and thorough research allows us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws.

These services include but are not limited to:

  • GST Registrations / Cancellations
  • Filing of GST Returns
  • GST Consultancy/Advisory on various issues of GST
  • Impact Analysis on Business Segments
  • GST Audits & Assessments
  • GST E-way Bill Registration / generation
  • Compilation of Data of Input Tax Credit
  • GST Compliance Review
  • Letter of Undertaking

Why we for GST?

  • We have dedicated team for Goods and Service Tax.
  • We facilitate our clients to comply with regular compliances with regard to Goods & Service Tax (from registrations, returns filings to Annual Audits) in order to keep clients compliant with their tax obligations.
  • We do research to give better tax planning / strategies to our clients on day to day basis. Further, structuring the client's affairs to minimize the Tax Liability.
  • Updating clients about latest GST amendments, notifications and Practices on day to day basis.
  • We assist our clients in making representations before the GST authorities for obtaining tax concessions, rebates, refunds, reliefs and seeking clarifications at the respective departments
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