GST Service

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Compliance and internal system support

Our team at Darda Advisors is highly business oriented in approach and has experience across sectors and the acumen to provide complete solutions for all compliance and internal system support for GST related matters. We provide the following key services in relation to compliance and internal system support for GST:

  • Registration/Amendment of registration
  • Workshops – Session/Seminar for Corporate Parks/Clients
  • Manual cum Standard Operating Procedure for GST
  • Periodical Compliance Support on all India basis (Offline or through ASP)
  • Single point contact (SPOC) for tax payments, filing of returns and assessments/ audits
  • Internal Control and System implementation support for Indirect tax compliance
  • Annual Returns and GST Audit Support.
Due Diligence/Diagnostic Review/Audit Services

Our team at Darda Advisors is highly business oriented in approach and has experience across sectors and the acumen to provide complete solutions for all due diligence/Diagnostic reviews/Audit services for GST related matters. We provide the following key services in relation to Due Diligence/Diagnostic Review/Audit Services for GST:

  • Diagnostic/Health check/Audit of GST compliance
  • Due Diligence
  • Compliance review from Auditor perspective
  • GST review – Pre- Department Audit
  • Transaction/Customised and specific Area Review:
  • Contracts review
  • System review
  • Post export refund/rebate review
  • Dispute review
  • Internal Audit’s perspective review
  • Transfer Pricing Study from GST perspective
Refund/rebate services

GST law provides for multiple options of claiming refund. We understand the intricacies in different refund options and undertake cost-benefit analysis and suggest best workable options.

Our team at Darda Advisors is highly business oriented in approach and has experience across sectors and the acumen to provide complete solutions for all post export refund/rebate related matters.

We provide the following key services in following types of refund services –

  • Export/SEZ supplies refund/rebate
  • Inverted duty structure refund
  • Balance in Electronic Cash ledger refund
  • Advance tax deposited by CTP (Casual Tax Person) or NRTP (Non resident Taxable Person)
  • Refund by persons specified i.e. Embassy, Agency of UNO, etc. – Refund of tax on inward supply
Tax Technology

A key component of GST is the automation of compliance procedures to reduce errors and increase efficiency. GST requires greater integration of tax domain knowledge and technology, as compliance has become paperless and data-intensive, with sector-specific nuances.

The digitalization has also created a new paradigm in tax administration and compliances.

Tax automation is critical to meet regulatory requirements under GST and has been extensively used. The high level of synchronization that is required between the taxpayers’ systems and the GST Network (GSTN) system can be achieved only with automation.

We assist in following areas from Tax Technology perspective:

  • Periodical GST compliances assistance through GST tool
  • E-Invoicing implementation support through various mode such as GSP, offline, API and Web based
  • New GST Return system implementation support through various mode such as GSP, API and Web based
  • E-Way bill compliance
  • Periodical reconciliation under GST among returns, books of account and vice versa

 

Darda Advisors has partnered with GSPs (GST Suvidha Provider) and ASPs (Application Service Provider) to provide an end-to-end service offering to its clients on GST.

Incentives, subsidies and grants services

Manufacturing has emerged as one of the high growth sectors in India targeting global markets and are becoming formidable global competitors. To promote India as manufacturing hub, Central and State/Union Territories Governments provides various incentives, subsidies and grants to set up manufacturing facility in India. In addition, there are certain incentives for services and other sectors too.

The Government of India provides sector specific subsidies for promoting manufacturing. Further, Package Scheme of Incentives (PIS) is a policy made by every individual state to promote industrial development, employment, investments, inventions and growth. A PIS differs from state to state and is governed by the Directorate of Industrial Policy and Promotions. The development of every state very much depends upon their state policy and also their ease of doing business (EoDB) ranking. Generally, state policies are for the period of 5 years.

Every industrialists and manufacturers need guidance and support to understand central and state policy. Our team at Darda Advisors is highly business oriented in approach and has experience across sectors and the acumen to provide complete solutions for all incentives, subsidies and grants related matters. We provide the following key services:

  • Evaluating various Central and State industrial policy and suggest optimal benefits availability
  • Assist in consultation and negotiation of Memorandum of Understanding (MoU) with State Government
  • Assistance in retrieval of supporting documents from Central/State authority
  • Obtaining pre-approval as required under State Industrial Policies and Central Policies for specific sector
  • Designing system and assistance for generation of necessary documentation for preparing refund/ disbursement claim
  • Preparing refund/disbursement claim as per statutory requirement
  • Filing and processing of refund/disbursement claim with Central/State Authority and follow up
  • Making representation in case refund/disbursement claim rejected