GST Implementation

iMaster provides a quality oriented approach as a one-stop indirect tax solutions provider across India, to meet our client's GST compliance requirements. Our multidisciplinary experience in Indirect Tax Advisory and compliance Solutions through our Knowledge Process Outsourcing (KPO) services has enabled us to build cost-effective solutions. we have devised GST Business Advisory and Compliance services for assisting our clients in planning ahead and effectively mitigating transitional risk.

We offer an end-to-end GST solution, structured into different modules, keeping in mind, the unique nature of the client's businesses, we provide you options to choose and customise the services most suitable for your business from the following:

1. Impact analysis

  • Ascertain the current indirect tax position
  • Establish the applicability of GST
  • Provide detailed GST impact identification
  • Provide working capital impact analysis

2. Representation to the government

  • Assist in drafting representations and liaising withtrade associations and the Ministry of Finance for representation

3. Project management services

  • Strategise and plan
  • Track, monitor and report
  • Support in the GST analytics process
  • Support in managing the GST transition

4. Business model and supply chain optimisation

  • Procurement 
  • Delivery
  • Logistics 
  • Sales and marketing
  • Storage
  • Manufacturing 
  • Distribution

5. Compliances

  • Registrations  
  • Transition compliances
  • Legalopinions
  • Develop new SOPs for capturing compliance data

6. Training and workshops

  • Vendor training
  • Specific employee training i.e.supplychain, procurement, finance and accounting, HR, legal, etc.
  • IT training for employees
  • Other training as required

7. Information technology migration

  • IT system assessment / modification and migration
  • Design reports for compliances
  • Assist in testing, externally by iMaster and internally by the client

8. Tier II support services

  • Update master data
  • Vendor reconciliation
  • Scrutinise vendor quotations
  • Perform contractre views
  • Assist in human resources management

9. Post-transition review

  • Checking and testing revised SOPs

10. Compliance support post GST implementation

  • Compute and determine the eligibilityof input credit
  • Compute GST liability
  • Prepare and assist in filing of returns and payment challans

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