AMLEGALS, a GST Advisory & Tax Litigation handling Law Firm in India, anticipates the following challenges shall be before every Corporates, MNC's & International Companies in India per and post the implementation of GST in India:
Pre GST Implementation
- Tax Planning Review
- Transactions Review
- Training Manpower
- Cost Effectiveness in Inventory , logistics & Final goods
- Business Planning with anticipation of new tax structure with competition
- ERP Implementation
- Transitional Preparedness
- maintaining business calculations & synergy
- Reconciliation of credits and stocks
Above all , there is no relaxation provision in implementation of law and discharging tax liability .
Post GST Implementation
- Fastest Implementation & Transition to GST
- Procurement and Purchase Orders Implementation
- New IT Technology & Operating Procedures
- Invoicing Patterns
- Proper Implementation of GST Transition in input stage credit
- Stock conciliation
- Strong mechanism of Internal Audit in GST
- tax management versus business operations
- various misc provisions
AMLEGALS prepares you to face this transition easily and without any litigation .
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
