Services by a CA in GST
The benefits to professionals in learning and providing service in GST as soon as possible
could be as under:
- Retain existing clients by providing the initial services to transit and comply with GST.
- Get many new clients shifting from those consultants who are not updated with GST.
- Increased/wider basket of services- expand the firm capability.
- Increased fees due to increased work & time requirement especially in regular compliance and consultancy.
- Get familiar with the different IT being used in business including accounting which may need changes which would take some time.
- Add value to the SME clients prior to and at the time of transition in the following ways:
- Ensure business of client continues without disruption.
- Business Change necessary if any
- Ensure the margins in business are protected due to advance information.
- GST Ready Clients will get business advantage – more orders, smooth and fair cost cuts from customers, reduced prices from vendors, – win win possibilities.
- Ensure Top 5 advantages in GST for Trader
- Ensure Top 5 advantages to SSI Units in GST
- Ensure top 5 advantages to job workers in GST
- Ensure Top 5 advantages to service provider clients under GST
- Ensure Top 5 advantages to works contractor clients in GST
- Ensure Top 5 advantages to a transport clients in GST
- Ensure Top 5 advantages to a hotel clients in GST
- Whether to register in 1 or few or all States?
- Whether to continue to have depots across India?
- Howto ensure that past compliances are there to avoid demand and disputes later?
- Whether and how to sanitise and optimize the claim of credit for the past?
- Howto deal with doubtful credits of the past?
- Howto calculate the time limits under VAT/ CE/ST for availment of credit?
- Howto procure with central excise duty today?
- Advantages of Dealers Registration under CE.
- Howto reconcile the books to the CE/ ST/VAT/ CST returns to avoid demands later ?
- Howto reconcile the c/f of credit under CE/ST/VAT?
- Maximise credit by stock taking and certification of claim under GST for stocks in hand?
- Howto decide whether to withdraw claim of refund of accumulated credits?
- Cutting off transaction pre & post GST or extending into GST if advantageous.
- Choosing the IT right tool from the right software vendor at optimum cost with safety of data ensured.
- Optimising credit when procuring from URS + Composition dealer.
- Decide whether to continue being an 100% EOU or STPI etc in the light of GST?
- Review the export benefits available once again.