The Indian indirect taxation system is due for a seminal tax reform with the introduction of a unified Goods and Services Tax (GST) as against the prevailing plethora of taxes (value-added tax (VAT), central sales tax (CST), service tax, customs duty, excise duty, entry tax, etc.). As the council has already passed the GST Law, it is likely that the new GST regime may be implemented from July 2017. The new GST regime will open up an array of opportunities for businesses across India as well as those planning to enter the Indian market. On the other hand, GST may also pose various challenges with respect to business planning, budgeting and investment, as it will change many earlier assumptions regarding business and the market and as a whole. The challenge at hand for the business community is to adapt to the transitional tax reforms by understanding the nuances of the new GST regime.

                In this evolving indirect tax scenario, we at PNC TAX GROUP plan to assist our clients in bridging the gap over to GST by providing specialized services to mitigate any GST-related tax risk.


1. Pre-Implementation GST Study :-

          If your company is setting up a new business or venturing into a new area of business, your team may not be aware of the GST implications related to this new business. For such cases, we can assist your company to analyse all the different GST implications that relates to this new business and provide your team with a comprehensive analysis of the appropriate GST treatments that need to be done.

2. GST Tax Risk Management Services :-

          GST Tax Risk Management Service is a comprehensive review program designed to assist GST-registered businesses to ascertain their level of GST risks with regards to the overall control of the business operations.

         This review would cover the controls surrounding the preparation of the GST returns, output tax and input tax considerations faced by your company. If need be, our review program will assess your current accounting system’s functionalities which may potentially produce inaccurate information or errors in the process of preparing the GST returns. With the results of our assessment, we aim to mitigate the risks faced by your company from getting penalized by the CBEC/GST Authorities due to potential errors in the GST submission and reporting.

3. Technical Opinion on GST Implications :-

            There will be times when your business is faced with uncertainties in identifying the appropriate GST treatments or implications for a particular transaction or arrangement. Such ambiguities may be caused by the complexity of the transaction or it may represent an area that has yet to be extensively covered by the relevant GST laws, regulations, orders or guides published by the CBEC or GST Council. In such cases, we would assist your business in studying the arrangement in detail and providing you with our expert opinion on the issue faced by your business. If required, we will assist your business to make a representation or seek an advance ruling on the matter.

4. GST Appeals / Disputes Resolution :-

                If you feel that your business has been wrongly penalized or affected by an adverse decision by the Assessing Officer of GST , we will be able to assist your business in appealing the penalty or against the adverse decision. As authorized representative, we will also be able to assist your business as follows:-

  • Apply for advance rulings;

  • Appeal your GST dispute at the GST Appeal Tribunal.