GST Services: Audit, Advisory and Compliance

GST has not only transformed the indirect tax structure in India but also created a huge impact on different facets of the business. With the given magnitude of GST updates, it is essential for a business to revisit tax position on a regular basis to minimise risk.

Our GST Advisory services help businesses understand all GST related matters, perform registration/ deregistration, evaluate accuracy of transaction data and identify risks for seamless compliances.

Due to non-compliance, a business gets penalised under various sections of GST law. To manage compliances effectively and run business operations seamlessly, we at MBG offer comprehensive periodical GST Compliance Review or Health Check-Up.

GST Compliance Review or Health Check-up includes reconciliation of sales/revenue income, review of SOPs, tax/HSN codes, GST returns, tax positions, service/export transactions and assessment of Interest and penalties discharged by the business entity.

GST departmental audits are conducted to thoroughly examine the records to ensure full compliance of tax rules. They ensure correctness of turnover declared, taxes paid, input tax credit/refund claimed and availed.

At MBG, we help businesses effectively complete GST departmental audits by representing them before the proper officer, resolving queries, consolidating records/documents and preparing reconciliations.