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The scope of services is to prepare GST Transition Report which will cover the following aspects:
Outward supplies of goods/ services made by the Client.
- Mapping of outward supplies made by the client as per the definition of supply under GST law.
- Determination of exempt supplies and condition for availing exemptions, if any, as per GST law.
- Determination of Place of Supply of supplies made by client to determine applicability of taxes under GST law.
- Determination of the GST rate/rates applicable on mapped supplies, including Abatements and conditions thereto for eligibility to claim Abatement, if any.
- Time of supply of supplies of goods/services made by the client.
Inwards supplies of good/ Services made by the client:
- Mapping of inward supplies made by the client as per the definition of supply under GST law.
- Determining the Input Tax Credit (‘ITC’) eligibility under GST on inward supplies made by the client, including conditions, if any, to be satisfied by the client, for availing such ITC.
- Determining applicability of IGST on import of supplies and ITC eligibility of import inward supplies made by the client, including conditions, if any, to be satisfied by the client, for availing such ITC.
- Determining applicability of reverse charge related provisions on inward supplies of the client including related provisions such as place of supply, GST rates, time of supply, ITC eligibility, valuation etc.
- Determining applicability of Tax Deduction at source (TDS)/Tax Collection at Source (TCS) related provisions on inward supplies of the client.
Compliances and Documentation:
- Communication of registration requirements for all locations that are required to be registered and timelines to be adhered to in this respect.
- Format of tax invoice, bill of supply, Debit/Credit note or any other similar document required to be maintained in relation to supplies under the GST law.
- Format in which registers are required to be maintained and suggestions, if any, on changes required in current system and format of maintenance of registers.
- Communication of timeline for payment of taxes, submission of written and other similar intimation is in accordance with the GST law.
- Review of standard and relevant clauses in vendors/customers contracts, order copy and/or agreements, from the perspective of the GST law.
- Suggestions on chart of accounts to be maintained under GST regime.
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