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Indirect Tax

The Goods and Services Tax (GST) is a comprehensive tax system that has simplified the indirect tax structure but also introduced complexities that require expert navigation. We play a crucial role in helping businesses comply with GST regulations, optimize their tax positions, and
manage their tax affairs efficiently.

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Key Areas we assist in:

  1. GST Registration:

    • ​Advisory: We provide advice on whether a business needs to register under GST, considering turnover thresholds and the nature of goods or services supplied.

    • Application: We assist in the preparation and submission of GST registration applications, ensuring accurate documentation and timely processing.

  2. GST Compliance:

    • ​Filing Returns: Help businesses file their GST returns accurately and on time. This includes monthly, quarterly, and annual returns as required.

    • Record Keeping: Assist in maintaining proper records and documentation to support GST filings and compliance, ensuring that all transactions are accurately reported.

    • Reconciliation: Reconciliation of GST returns with financial statements and other records to ensure consistency and accuracy, minimizing the risk of discrepancies and penalties.

  3. Input Tax Credit (ITC) Management:

    • ​Optimization: CAs help businesses optimize their ITC claims by ensuring that all eligible credits are availed and properly documented.

    • Verification: They verify that the conditions for claiming ITC are met, such as the possession of valid tax invoices and the actual receipt of goods or services.

  4. GST Audits and Assessments:

    • ​Preparation: Assist in preparing for GST audits and assessments by tax authorities, ensuring that all necessary records and documents are in order.

    • Representation: We represent clients before tax authorities during audits and assessments, addressing queries and resolving issues to minimize liabilities.

  5. Advisory Services:

    • ​Tax Planning: We provide strategic tax planning advice to help businesses minimize their GST liabilities and manage cash flow effectively.

    • Transaction Structuring: We advise on the GST implications of various business transactions and help structure deals in a tax-efficient manner.

    • Compliance Updates: Clients informed about changes in GST laws and regulations, ensuring ongoing compliance and helping them adapt to new requirements.

  6. Dispute Resolution:

    • ​Litigation Support: In case of disputes or litigation, we provide support and representation before GST appellate authorities and tribunals.

    • Settlement: We assist in negotiating settlements and resolving disputes with tax authorities, aiming for favorable outcomes for their clients.

CHARTERED ACCOUNTANTS

J. R. Bhatia & Co is a distinguished professional services firm that has been delivering a suite of value-added services since 1982. Located in the heart of Mumbai, the firm embodies a balanced blend of experience and youthful energy, united by a shared vision of authenticity and efficiency. We pride ourselves on consistently providing innovative, technically sound, and practical solutions. Our reputation is further cemented by testimonials from highly satisfied clients who have remained with us for over four decades.

Address
Email
Tel

F-140/141, Moongipa Arcade, Ganesh Chowk, Opp. Versova Police station, D. N. Nagar, Andheri (W), Mumbai-400053.

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