JJFSC play an important role in fostering awareness of the GST and provide guidance on what steps our clients should take GST benefits in the business.
Post Implementation of GST in India have made many changes in taxation structure & business owners are not well versed in GST rules. GST is a pan-India single unified tax on both Goods and Services, levied only on ‘value added’ to goods and services at each stage in the economic supply chain.
GST is not just a change in tax, it is expected to have a far reaching impact on each facet of business operations in the country such as pricing of products and services, supply chain optimisation, IT, accounting and tax compliance systems. It will impact the tax structure, tax incidence, tax computation, tax payment, compliance, credit utilisation and reporting, leading to a complete overhaul of the current indirect tax system.
JJFSC have been closely involved in monitoring the developments on GST time to time and advice the client accordingly. We help businesses in anticipating policy changes and assessing impact on their operations. We offer a host of specialised GST advisory services which includes analysing its impact on business of our clients, scenario analysis including alternative business models, legislative business level implementation assistance, transition management and undertaking key compliances.
