Indirect Tax

Indirect taxes are defined by contrasting them with direct taxes. Indirect taxes can be defined as taxation on an individual or entity, which is ultimately paid for by another person. The body that collects the tax will then remit it to the government. Goods and Service Tax (GST), Customs duty, erstwhile central excise, service tax and value added tax are examples of indirect tax.

Introduced in July 2017, GST has been a game-changing tax reform in India. GST has laid the foundation for a more efficient tax system, has rationalized the tax structure and simplified the compliance procedures by replacing multiple central taxes and duties, as well as local state taxes (i.e. Central Excise, Service Tax, VAT, CST and others).

Compliance and internal system support

Our team at Darda Advisors adopts a highly business-oriented approach and possesses cross-sector experience and the acumen to provide complete solutions for GST compliance and internal system support matters. We provide the following key services in relation to GST compliance and internal system support:

  • Assisting with GST registration and amendment of registration
  • Workshops – Session/Seminar for Corporate Parks/Clients
  • Manual cum Standard Operating Procedure for GST
  • Providing periodic GST compliance support on a Pan-India basis (offline or through ASP)
  • Acting as a single point of contact (SPOC) for tax payments, return filings, and assessments/audits
  • Internal Control and System implementation support for Indirect tax compliance
  • Annual Returns and GST Audit Support
Due Diligence/Diagnostic Review/Audit Services

Our team at Darda Advisors is highly business oriented in approach and has experience across sectors and the acumen to provide complete solutions for all due diligence/Diagnostic reviews/Audit services for GST related matters. We provide the following key services in relation to GST due diligence, diagnostic reviews, and audit services:

  • Conducting diagnostic reviews, health checks, and audits of GST compliance
  • Performing GST due diligence
  • Conducting compliance reviews from an auditor’s perspective
  • Conducting GST reviews prior to departmental audits
  • Conducting transaction-based, customised, and specific area reviews, including:
  • Contracts review
  • System review
  • Post export refund/rebate review
  • Dispute review
  • Internal Audit’s perspective review
  • Conducting transfer pricing studies from a GST perspective
Refund/rebate services

The GST law provides multiple options for claiming refunds. We understand the intricacies of various refund options, undertake cost-benefit analyses, and recommend the most workable options. Our team at Darda Advisors adopts a highly business-oriented approach and possesses cross-sector experience and the acumen to provide complete solutions for all post-export refund and rebate matters. We provide the following key services in following types of refund services -

  • Assisting with refund/rebate claims for export and SEZ supplies
  • Assisting with refunds under the inverted duty structure
  • Assisting with refunds of balances in the Electronic Cash Ledger
  • Assisting CTPs (Casual Taxable Persons) and NRTPs (Non-Resident Taxable Persons) in claiming refunds of advance tax
  • Assisting specified persons (e.g., Embassies, UN agencies, etc.) in claiming refunds of tax paid on inward supplies
  • Assisting with Refund of State Levies (ROSL) claims
Tax Technology

A key component of GST is the automation of compliance procedures to reduce errors and improve efficiency. GST requires greater integration of tax domain knowledge and technology, as compliance has become paperless and data-intensive with sector-specific nuances.

Digitalization has also created a new paradigm in tax administration and compliance.

Tax automation is critical to meet regulatory requirements under GST, and businesses now use it extensively. The high level of synchronization that is required between the taxpayers’ systems and the GST Network (GSTN) system can be achieved only with automation.

We assist in following areas from Tax Technology perspective:

  • Providing periodic GST compliance support through GST tools
  • Supporting e-invoicing implementation through various modes such as GSP, offline, API, and web-based solutions
  • Supporting new GST return system implementation through various modes such as GSP, API, and web-based solutions
  • Supporting e-way bill compliance
  • Conducting end-to-end reviews of GST processes, data flows, and controls to identify gaps, leakages, and automation opportunities.
  • Performing periodic reconciliations under GST between returns and books of account, and vice versa
  • Implementing rule-based engines to maximize eligible ITC and flag ineligible credits in line with GST provisions.
  • Digitizing GST notices, tracking responses, and maintaining audit trails for departmental queries and assessments.
  • Reviewing HSN/SAC mapping, tax codes, place-of-supply logic, and customer/vendor master accuracy.
  • Supporting automated preparation and tracking of GST refund applications (exports, inverted duty, etc.).

Darda Advisors has partnered with GSPs (GST Suvidha Providers) and ASPs (Application Service Providers) to deliver end-to-end GST service offerings to its clients.

All Services

Business Broucher.doc

65 KB

Company Flow.pdf

44 KB

Unlock Your Business Financial Potential Today!

Contact Us Now