GST Impact analysis and treatment

It is critical for the businesses to evaluate the impact of GST and undertake implementation programs for a smooth transition and rollover without having any hindrances in the smooth conduct of business. Impact analysis, planning and treatment are the foundation for aiming at a smooth GST transition.

We, at VJM & Associates LLP are adept at analysing the complex interplay of several laws, notifications, rules and guidance on the subject in order to provide tailor-made solutions for businesses. GST analysis is not successful under a ‘a one key fits all’ approach. A business specific solution aimed at transaction optimisation demonstrates the value addition delivered to our clientele through our approach.

Know More about GST Impact analysis and treatment

Our service offerings under GST impact analysis and treatment include the following:

  • Perform initial reviews on business structure and operations.
  • Conduct meetings with management to create awareness of GST
  • Participate in discussions with management to deliberate specific transactions impacted by GST
  • Assist in appointing GST team(s)/ co-ordinator(s) for facilitation and co-ordination across functions
  • Participate in deliberations with the management regarding the nature of business operations, operating structure and various service offering model(s).
  • Review the accounting system to analyse the applicable key process.
  • Review the organizational chart/ group structure for identification of business unit(s)/ core business processes.
  • To assess the complexity of your group’s business transaction and advise on the GST implication.
  • To assess key operational issues to be addressed including strategic impact of GST on financial reporting, profitability pricing and cash flow of the group.
  • To review all existing contracts entered into by the company with the objective of determining the appropriate GST treatment.
  • To analyze the current business arrangement of the company and identify issues that are subject to transitional rules and the relevant issues that have arisen.
  • Assist in evaluating likely impact to cash flows, pricing strategies, business contracts and day-to-day accounting for sales and purchases.
What people say about us

GST Services

Know more about our complete portfolio of GST Services.

GST Audit

Professional GST audit needs a strong mechanism and digital environment through the examination of the records to ensure full compliance of tax rules. At VJM & Associates LLP, we offer error-free GST audit services after thoroughly checking the important audit check-points. ​

Refund under GST​

Interested in filling for GST refunds? Contact us to identify that you are eligible for a GST refund. We will help you file your claim through online GST Refund Form RFD-01 or from customs department via IGST route. Don’t miss the timeline. Claim it through us within the relevant date.​

GST Advisiory​

Our GST advisory services focus on the applicability of taxes on various transactions conducted or proposed to be undertaken and the overall tax performances of our clients, creating value and greater opportunities for developing a more strategic approach to tax.

Representation under GST

Your search for expert in GST for the representation under GST comes to an end as soon as you reach VJM & Associates LLP. We have years of experience and exposure for representation to authorities at various levels. We have expertise in solving various issues related to a dispute between tax authorities and supplier under the GST. ​

GST Outsourcing

If you are looking for a trustworthy partner or a reliable vendor for outsourcing your GST tasks, we will be the right fit for you. We keep a world-class pool of professional GST consultants to provide you with a complete solution, covering almost all areas of GST, bookkeeping and accounting tasks, GST returns etc.

Accounting & Reporting

We are the market leaders to deliver a higher-quality accounting and reporting solution to our clients more quickly and efficiently in an environment of technological change, digital demonstration, could computing, online bookkeeping and GST filing, and increased regulatory changes and scrutinizes.

Why Choose us

Client Centric Approach

Client is the key driver of our service offerings.  Our approach to service offerings is based on a client centric and customised approach.  Our specialised teams are a mix of technical and industry experience in order to serve clientele for their specific needs.

Quick
Turnaround

We always endeavour for a quick turnaround time to serve our clientele.  We are supported by an experienced and client focussed support teams to offer timely services to our clientele. In case of any business exigencies and time sensitive service requirements, you can always count on us.

Team
Work

We have built high performing teams supported by strong work ethic. Our team is a mix of experts, professionals and support staff from technical and varied academic, cultural, social and ethnic backgrounds.  We believe that this diversification plays a vital role in motivating the team into High Performing Teams.

Open
Communications

We believe that open communication is the core principle in order to demonstrate trust, build long lasting and valuable relationships with clientele.  We are committed to ensuring transparency in communication, service offerings and delivery. 

Driving quality in delivery

Our service offerings are driven by quality and reviews at every level. We strive to provide a qualitative and value-added delivery to our clientele. At all times, we endeavour to provide exceptional client service by meeting client expectations and driving client satisfaction.

Blogs on Goods and Service tax

Clarification Regarding Extension Of Limitation Under CGST Act

Clarification Regarding Extension of Limitation Under CGST Act

The GST Policy Wing of the Government of India passed a set of notifications under S.168A of the CGST Act, 2017 whereby the time limits and limitation period of various activities and actions of different authorities on multiple issues were specified and extended to certain dates based on the nature of the activity.

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No Reversal of ITC on Inputs lost in Manufacturing Process

No Reversal of ITC on Inputs lost in Manufacturing Process

ITC should be granted on the original amount of input used notwithstanding that the entire amount of input would not figure in the finished product. Therefore, Hon’ble High Court held that loss due to inherent nature of manufacturing process is not covered under Section 17(5)(h) of CGST Act, 2017 and impugned order is liable to be set aside.

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Facility for E-Personal Hearing in GST

Facility for E-Personal Hearing in GST

An online platform for E-personal hearings. This is built for the Adjudicating Authority and is the process that is to be held after the issuance of DRC-01/02 (Show Cause Notice/Statement of Demand) to meet the principles of natural Justice.

Read More »



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