Goods and Services Tax (GST)

Goods and Services Tax (GST) is one of the significant indirect tax reforms in India since Independence. It was first introduced in July 2017. Goods and services tax is a single unified tax on both the Goods and Services that is levied only on ‘value-added’ to goods and services at each stage in the industrial supply chain.

GST has brought a broad impact on each facet of business operations in the country, such as pricing of products and services, optimizing the supply chain, IT accounting, and tax compliance systems.  It overall impacts the tax incidence, tax structure, tax payment, tax computation, compliance, credit utilization, and reporting that changed the entire indirect tax system’s functioning.

The Government has been very active in structuring its processes and adjusting to the demands of the industry. The various clarifications or changes in law at the time of the introduction of GST were done to ensure that no businesses get affected in the future.

FAQs for GST Advisory

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What are the Benefits of GST Registration?
  • GST removes the contradicting effect of the tax.
  • Higher threshold for registration.
  • Composition scheme for small businesses.
  • The number of compliances is less.
  • Defined treatment for E-commerce operators.
  • Improved efficiency.
  • Unorganized sectors are regulated due to GST.
How Global ARM Provides GST Advisory Services?

At Global ARM, we closely monitor the developments on GST. We assist the business in anticipating the policy changes and assessing its impact on their operations. We provide specialized GST Advisory services, including analyzing the impact of GST on business, scenario analysis, including the alternative business model, legislative business level implementation assistance, transition management, and undertaking major compliances. Our GST Advisory services process includes:

  • Broad Impact Assessment
  • Looking at Complete Scenario
  • Implementation Assistance
  • Transition Management
Why Choose Global ARM for GST Advisory Services?
  • GST Planning: Our GST planning services help in strategically identify the opportunities for reducing the GST liabilities, minimize compliance costs, and improve cash flow.
  • Business Model Optimization: In our GST advisory advisors can help in realigning for business transformation, reorganizing finance, legal, and tax structures.
  • Merger and Acquisition Advisory: Our GST Advisory department properly structures merger and acquisition deals to avoid the hidden tax consequences and helps determine whether the acquisition itself is subject to GST.
  • Government Relations Support: Our GST Advisory experts support clients with engaging or liaising with the Government authorities. They will also help you in preparing for Audit by the Government authorities.
  • Customs Duties: Our professionals in GST Advisory provide customs and GST planning strategies that minimize the tax exposure because certain customs facilities can be extended to include GST.
Our Role in GST Advisory Services

Our primary role in GST Advisory services is to evaluate the fiscal impact of GST on business and product pricing.

  • To Check, Tax Efficiency Advice on Realigning the Operations
  • Advise On the Provisions under the GST Laws
  • Ensuring Steps for Smooth GST Transition
  • IT Functional Advisory
  • Customized GST Training

Why Choose Global ARM

At Global ARM, our professionals assist the clients by providing a varied range of GST Advisory services, including conducting GST diagnostic review, assistance in litigation, advising on various GST related issues and representation before the GST council, etc. Additionally, our GST Advisory experts will help you obtain GST refunds and undertake GST compliances and audits.

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