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Goods and Services Tax

Indirect Tax

Implementation of GST is a breakthrough moment resulting in a much-needed overhaul of the indirect tax ecosystem in India.

The GST regime brings along with it a multiplicity of challenges which a business may face as:

  • Keeping abreast with the continuous and rapid evolution of the law
  • Exposure due to unexplored nuances in the law
  • Heavy reliance on IT for invoice matching
  • Intersection of other indirect tax laws such as Customs and Foreign Trade Policy with GST
  • Vendor-customer dependency for ensuring compliances.

These challenges mean that businesses need to continuously adapt to changing circumstances to ensure compliance and prevent leakages.

At SKP, we take an integrated view of your business structure and supply chain and provide consulting services right from customs duties and IGST on imports to GST on domestic sourcing and export benefits.

The upcoming implementation of VAT in the countries of the Gulf Cooperation Council (GCC) is set to fundamentally change the way businesses operate in the region, with businesses facing a challenge to implement the first time introduction of VAT and being tax compliant.

With the changing indirect tax landscape in India and the Middle-East, our team of specialists is equipped to support you in realigning your business processes to implement changes to meet compliance requirements. Through our team of qualified and experienced professionals equipped to provide regular knowledge updates in a lucid style, you will be ideally positioned to understand the various options available to your organization while putting together your supply chain. This would help you minimize tax costs and risks while taking advantage of the available exemptions, abatements, credits and set-offs.

SKP Goods and Services Tax Solutions

GST Registration, Enrolment and Migration Process

GST Support Services 

GCC VAT Services

SKP offers the services of its expert Business Process Management team backed by specialist professional practice to handle the Compliances in Post GST regime.

GST Updates

For updates on the role and evolution of GST in India, please click on the links below:

SKP GST Webinar: Understanding the Model GST Law (webinar presentation

SKP GST Update: 17 September 2018 - Notification of GST Audit Form, TDS and TCS provisions notified, Extension of Due Dates and Waiver of Late Fees
SKP GST Update: 11 September 2018 - Format of annual return notified, changes in Form GST ITC-04, rationalization of refund formula, key clarifications on principal-agent relationship and refund related issues
GST Trends - August 2018
SKP GST Update: 17 August 2018 - Employee cost allocable to branches taxable under GST - AAR, Karnataka 
SKP Indirect Tax Update: 14 August 2018 - Indirect Tax Updates: GST migration window re-opened, Suspension of RCM on inward supplies extended, Due dates of filing returns notified
SKP GST Update: 1 August 2018 - Features and format of simplified returns mechanism released 
SKP GST Update: 13 July 2018 - Highlights of the proposed amendments to GST laws
SKP Indirect Tax Update: 13 June 2018 - Clarification on refund related issues, new functionalities on GSTN portal, new MVAT audit report 
SKP GST Trends - May 2018
SKP GST Update: 15 May 2018 - Indirect Tax Updates: AAR Rulings, GST on Tenancy rights, Use of Data Analytics to Plug Leakages
SKP GST Update: 7 May 2018 - 27th GST Council meeting on simplification of GST compliance structure
SKP GST Update: 25 April 2018 - Indirect Tax Updates: NAA’s First Order, Discussion on new GST Return filing system held
SKP GST Update: 6 April 2018 - Recent developments under indirect tax

SKP GST Update: 22 March 2018 - CBEC’s ‘refund fortnight’ initiative, Clarifications on export-related refund issues
SKP GST Update: 16 March 2018 - Recent developments under indirect tax laws
SKP GST Update: 10 March 2018 - Important decisions taken at the 26th GST Council meeting
SKP GST Update: 8 February 2018 - GST Update: Mandatory implementation of e-Way Bill stands cancelled, FAQ's on e-Way Bill released, clarification on default authorised services for SEZs under GST
SKP GST Update: 25 January 2018 - Key Notifications issued for recommendations made in 25th GST Council meeting
SKP GST Update: 15 January 2018 - Recent Amendments to the GST regime  and other indirect taxes
SKP GST Update: 9 January 2018 - Recent Amendments to the GST regime
SKP GST Update: 2 January 2018 - Implementing a nationwide e-Way Bill system and its impact
SKP GST Update: 12 December 2017 - Recent developments under GST, Customs, and Foreign Trade Policy
SKP GST Update: 16 November 2017 - Highlights of the decisions taken in the 23rd GST Council meeting
SKP GST Update: 9 November 2017 - Government continues to make necessary interventions to ease the Goods and Services Tax
SKP GST Update: 27 October 2017 - Critical developments in the GST regime
SKP GST Update: 26 July 2017 - Recent GST Updates
SKP GST Update: 17 July 2017 - GST implementation – Amendment in GST Rules 
SKP GST Update: 8 July 2017 - GST implementation – Abolition of check posts and alternative Waybill requirements
SKP GST Update: 7 July 2017 - GST implementation – Notifications issued by the Central Board of Excise and Customs
SKP GST Update: 1 July 2017 - GST Implementation – Notifications issued by CBEC
SKP GST Update: 28 June 2017 - GST rollout – Clarification on anti-profiteering provision and others
SKP GST Update: 23 June 2017 - GST rollout - FAQs released by the DGFT
SKP GST Update: 22 June 2017 - GST rollout - Anti-Profiteering and other rules finalised
SKP GST Update: 20 June 2017 - GST rollout - Significant decisions of the GST Council
SKP GST Update: 14 June 2017 - GST rollout - Key GST Rules Amended
SKP GST Update: 13 June 2017 - GST rollout - Significant decisions of the GST Council
SKP GST Update: 10 June 2017 - The much awaited Transitional Rules are out
SKP GST Update: 6 June 2017 - Updates in the run up to GST rollout
SKP GST Update: 2 June 2017 - Updates on GST rollout
SKP GST Update: 23 May 2017 - GST rates on services announced
SKP GST Update: 19 May 2017 - Taxation of services under GST
SKP GST Update: 19 May 2017 - Comparative analysis of the GST rules released on 1 April 2017 vis-à-vis rules as released on 18 May 2017
SKP GST Update: 18 May 2017 - Key decisions taken on Day 1 of the GST Council Meeting
SKP GST Update: 16 May 2017 - Updates on GST rollout
SKP GST Update: 12 May 2017 - Developments in the run up to GST
SKP GST Update: 4 May 2017 - Latest developments in the run up to GST
SKP GST Update: 24 Apil 2017 -  New GST Rules released by the CBEC
SKP GST Update: 18 April 2017 - Developments on GST Laws, Rules and FAQs
SKP GST Update: 8 April 2017 - Overview of the draft GST Rules issued by the GST Council
SKP GST Update: Issue 30 - Overview of the GST Bills, 2017 tabled in the Lok Sabha on 27 March 2017
SKP GST Update: Issue 29 - India is moving towards Goods and Services Tax (GST) implementation
SKP GST Update: Issue 28 - Expected timelines for GST Laws, Rules and rates
SKP GST Update: Issue 27 - Synopsis of the 9th GST Council meet
SKP GST Update: Issue 26 - Synopsis of the 8th GST Council meet
SKP GST Update: Issue 25 - Synopsis of the 7th GST Council meet
SKP GST Update: Issue 24 - Report Card on GST implementation
SKP GST Update: Issue 23 - 6th GST Council meet on the 16 December 2016
SKP GST Update: Issue 22 - Key highlights of the FAQs issued by the CBEC
SKP GST Update: Issue 21 - Key highlights of the GST Council Meet on 22 and 23 September 2016
SKP GST Update: Issue 20 - Required number of states ratify GST Bill
SKP GST Update: Issue 19 - 122nd CAB passed by Lok Sabha, bringing GST a step closer to implementation
SKP GST Update: Issue 18 - Highlights of the government's press conference on GST
SKP GST Update: Issue 17 - Rajya Sabha clears 122nd Constitutional Amendment Bill, 2014 on Goods and Services Tax
SKP GST Update: Issue 16 - FAQs on the Model Goods and Services Tax (GST) Law
SKP GST Update: Issue 15 - GST will increase the ease of doing business in India
SKP GST Update: Issue 14 - Report on Revenue Neutral Rate
SKP GST Update: Issue 13 - Key takeaways from the Model GST Law
SKP GST Update: Issue 12 - Clarity on the registration, returns, refund and payment processes in the GST regime
SKP GST Update: Issue 11 - Goods and Services Tax Network
SKP GST Update: Issue 10 - Select Committee Report on GST Bill
SKP GST Update: Issue 9 - Progressing towards Goods and Services Tax in India
SKP GST Update: Issue 8 - The GST Bill - The next leap towards GST
SKP GST Update: Issue 7 - Constitutional Amendment Bill for GST passed by Lok Sabha today
SKP GST Update: Issue 6 - Parliamentary discussion on GST Bill begins today 
SKP GST Update: Issue 5 - Goods and Services Tax and the Place of Supply
SKP GST Update: Issue 4 - Developments in the Economic Survey 2014-15 and the Union Budget 2015-16
SKP GST Update: Issue 3 - Business challenges in the implementation of GST
SKP GST Update: Issue 2 - Reactions of the States and industry to CAB
SKP GST Update: Issue 1 - On the way to GST

GST News

Articles

For our latest articles and updates on GST in India, please click on the links below:


CorpKonnect: Model GST Law - Expert Comments
The Firm: Budget 2016: What about GST?
India’s New Year resolution: welcoming investments and de-cluttering taxation
Breakbulk Magazine: Not-so-free flow
Taxsutra: Indian model GST law vis-a-vis global practices – right foot forward?
Taxsutra: Place of Supply under GST – key driver to the new regime
The impact of GST on the manufacturing sector in India
The impact of GST on the logistics industry in India
The impact of GST on the telecommunications sector in India
Taxindiaonline.com: GST – silver lining the Budget 2015

Nexia Global Insight January 2015
India moves closer to Goods and Services Tax
The long-awaited tax reform aimed at boosting economic growth and making India an easier place to do business looks set to become a reality.

Nexia Global Indirect Taxes May 2014
The introduction of goods and services tax in India – recent developments
In this article, we discuss the upcoming GST reform in India, the issues delaying its implementation, and the progress made despite these hurdles.

Nexia Global Indirect Taxes May 2013
Indian Goods and Services Tax regime – Reality or distant dream
In this article, we discuss the upcoming GST reform in India, its implementation and some insight on recent developments.

Videos

Watch Pratik Shah, Partner, Indirect Taxation, discuss the likely impact of the Model GST Law on securities on Bloomberg Quint with Menaka Doshi

 

Watch Jigar Doshi, Partner, Indirect Taxation, discuss the impact of GST on the healthcare sector in India with Menaka Doshi on CNBC-TV18’s ‪’Hello GST’‬ series

 

Will GST benefit the shipping industry in India? Watch Jigar Doshi, Partner, Indirect Taxation, discuss the impact of GST on the shipping industry with Menaka Doshi on CNBC-TV18’s ‘Hello GST’ series

 

Watch Pratik Shah, Partner, Indirect Taxation, discuss the impact of the upcoming GST reform on the infrastructure sector in India on CNBC-TV18’s 'Hello GST' series

 

Watch Jigar Doshi, Partner, Indirect Taxation, discuss the impact of the upcoming GST reform on the mutual fund sector in India on CNBC-TV18’s 'Hello GST' series

 

Will GST be a boon or a bane for the pharmaceutical industry in India? Watch Pratik Shah, Partner, Indirect Taxation, discuss the impact of GST on the pharma sector with Menaka Doshi on CNBC-TV18’s 'Hello GST' series

 

Watch Jigar Doshi, Partner, Indirect Taxation, discuss the impact of the upcoming GST reform on the telecom sector in India on CNBC-TV18’s 'Hello GST' series