A. D. VYAS & CO.

Rajkot, Gujarat

Goods and Services Tax - Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. GST Audit will apply every year for those GST registered business (GSTIN) having turnover more than 5 crores, by the sale of goods or services in the financial year.

We help our clients by guiding in GST Audits on following criteria.

• Verification of  the accuracy of the turnover declared, taxes paid, refunds claimed, and input tax credits claimed, as well as other GST Act compliances.
• Reconciliation with GSTR 1 & 3b and  ensuring  that monthly or quarterly returns are in sync with books of accounts .
• Verification of Taxes payable on Reverse Charge Mechanism (RCM) .
• ITC availed and bifurcation of ITC in purchases and different kind of expenses . Also Reversal of Input Tax Credit for non payment in 180 days Date of invoice of supply and Date of payment .
• Interest calculations on Late payment of GST liability and timely  deposit of the same .
• Verification of E-way bill   and  checking  whether the same is  tallying with invoices issued. 
• Goods which was sent on approval basis, should be offered to tax in case of exceeding the time limit of 6 months . 
• Matching GST Audit Turnover with Income Tax Turnover .
• Stock transfer In case of multiple branches, reconciliation of stock transfers among branches The stock held as per books of accounts and the GST annual return must be the same. 
• Checking  both the inward supplies and outward supplies are charged with applicable rate or not. Also  inward or outward supplies are exempted  supplies or not.

Meet Our GST consultants

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Our Offices

Rajkot Vadodara Mumbai

Direct Tax

As Tax regulations are constantly changing and becoming increasingly complex ,   transparent tax strategy is must for every  business decisions . We are expert in developing  a well defined tax plan that considers corporate and individual taxpayers to minimize their  tax burden. Our expert team is devoted to serve  tax compliance services and  related consulting services. It is taken care that the clients navigate tax complexities and maximize tax savings. As a strategic advisor we understand the realities of business and focuses on helping the clients to achieve the goals. In addition to being a business advisor, the Firm works closely with clients and their families to advise on their personal tax issues. Our services includes :

• Filling of Income tax  Returns and Forms.
• Filing Appeals and Appearing  before the  Adjudicating Authorities.
• Verification of Assessment Orders.
• Verification of Tax calculations and refund related procedures.
• Services relating to  Transfer Pricing .
• Compliances of TDS.

Indirect  Tax

• In the current scenario GST has become main area of practice in the indirect taxation. We offer our services for GST as under:
• Reviewing the accounting data of client and check for GST compliance as per the tax laws .
• Assisting clients in the Classification of the transactions under the correct HSN/ SAC code for goods/ services.
• Assessing potential impact of GST Laws on different business operations of the client. In other words, advising clients on the applicability of GST on various transactions undertaken or proposed to be undertaken.
• Applying provisions related to place of supply in client’s transactions and determining the correct type of tax (CGST & SGST or IGST) to be paid on the basis of classification under inter-state or intra-state supply.
• Determining the time of supply to eventually determining the tax period in which tax dues are required to be paid.
• Preparation of tax invoices, bill of supply, credit notes, debit notes, etc. containing all the relevant details mentioned under the provisions of GST Rules.
• Review of all invoices etc. where the client himself prepares them.
• Identification of invoices available for input tax credit with respect to the relevant provisions.
• Intimation for payment of taxes as per output liability of the clients.
• Monthly reconciliations.
• Determining the inputs, input services and capital goods on which taxes have been paid and credit of which are eligible to be taken and determining the reversals of input tax credit availed as per GST laws.
• Determining the applicability of reverse charge mechanism.
• Regular updates to clients in relation to notifications or circulars issued under GST laws for GST compliance.

Refund of the unutilized input tax credit (‘ITC’)

• Discussing client in relation to the collection of relevant documents to be submitted for the claim of refund.
• Preparation and filing of online application along-with filing of relevant documents against which refund is to be claimed.
• Following up with the department for the finalization of refund claims.

Analyzing the requirement of cross charge of expenses or common centralized services rendered, among multiple registrations taken by the client under same permanent account number.

On call Tax advisory with respect to various queries and issues under the GST law.

Assisting on any ongoing enquiry or investigation initiated.

Preparing and filing of E-Way Bills for movement of goods.

GST return filing

We help clients in filing of their GST returns as well as for all periodic returns under other tax schemes. We services also include collecting relevant data, review of annual returns, certifying reconciliation statements, and keeping clients updated on GST amendments.

GST Registrations

Our GST Registration services for clients begins by assessing and determining the status of a client’s requirement to register under GST. Our services include registration process including applying for the GST registration, identification of the goods and services being sold und GST, amending the details mentioned in the registration certificate in accordance with the relevant Rules of the GST laws, filing appeal for restoration and more.

Meet Our Taxation experts 

Don’t wait, just ask. We are just a click away to discuss your business and find out how best we can serve you.

Lets Connect

Our Offices

Rajkot Vadodara Mumbai