Income Tax and GST Consultancy

Income Tax and GST Consultancy

Income Tax and GST consultancy is one of the most sought-after corporate advisory verticals because it directly impacts compliance, cash flow, and risk management. Here’s a structured overview you can use to frame your services:

? Income Tax Consultancy

    • Tax Planning & Advisory
        ◦ Individual and corporate tax structuring
        ◦ Capital gains, deductions, exemptions, and rebates
    • Compliance & Filings
        ◦ Preparation and filing of ITRs
        ◦ Advance tax, TDS/TCS compliance, and refunds
    • Representation & Litigation
        ◦ Handling assessments, appeals, and notices
        ◦ Liaison with Income Tax authorities
    • Specialized Services
        ◦ International taxation, transfer pricing
        ◦ Advisory on new provisions (e.g., Section 194T, Form 146)

? GST Consultancy

    • Registration & Amendments
        ◦ New GST registration, amendments, and advisory on multi-state registrations
    • Return Filing & Compliance
        ◦ GSTR-1, GSTR-3B, annual returns, reconciliations
        ◦ Advance rulings and clarifications on treatment of goods/services
    • Advisory & Structuring
        ◦ Input tax credit optimization
        ◦ GST impact analysis on transactions and contracts
    • Litigation & Representation
        ◦ Replying to notices, audits, and departmental queries
        ◦ Representation before GST authorities
    • Sector-Specific Guidance
        ◦ Export/import transactions, e-commerce, ticketing/resale platforms, consignment sales