GST Law and Custom Tax Law are broadly based on transactions and liability will arise regardless of profitability. Indirect Tax exposure can grow quickly if you don’t have a cohesive Indirect Tax plan and firm understanding of specific Indirect Tax requirements. We can help with timely planning and ongoing compliance solutions to ensure that you are on right side of the law always. Our team can help you develop or refine your Indirect Tax strategy and address the Indirect Tax implications of most types of business transactions. Entities without GST registration would not be allowed to collect GST from a customer or claim an input tax credit of GST paid and/or could be penalised. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.
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