VKJ Law Offices

General information

GST i.e. Goods and Services Tax is a comprehensive tax of dual structure to be levied on ‘supply of goods and services’ subsuming all taxes levied by Central (i.e. Central Excise Duty, Service Tax, CVD, SAD, Surcharges & Cesses etc) and the State (i.e. VAT / Sales tax, Entertainment tax, Luxury tax, Taxes on lotteries, betting and gambling, Octroi and Entry Tax, Purchase Tax etc.) under one head enhancing cost competitiveness of goods and services.

From the business perspective, it is important to know about GST because GST will have impact on –

- Pricing Strategies
- Purchase Policies
- Cash Flow
- Incentives
- Compliances
- Logistic Strategies
- Distribution Network Strategies
- Inter-unit/plant Transfer
- Change in existing IT System

Key Challenges -

- Transactional Restructuring
- Supply Chain Management
- Transition Arrangements
- Renewing existing Contracts
- Consumption based book keeping
- Inventory Optimization

How can we help you?

We provide excellent advisory & compliance based services for our clients to prepare them for upcoming GST law and also undertake transition audit for smooth implementation of GST while enhancing zero leakage of credits.