Our team at Rayvat recognises the recent approvals of the central GST laws and rules as implemented by the lower House Council of India. To ensure that there won’t come any unwarranted disruption on the conduct of business from the 1st of July, we at Rayvat ensure proper transition processes for GST preparation. It is believed that GST is to simplify and ease the administration of business conduction. To derive maximum benefit from the latest situation, make sure you undertake a thorough transition with the help of our available services.
Review of supply chains and business processes
GST is to evidently have an impact on the prices, investments, business processes and profitability in all sections of the economy. The proposed GST structure states that tax is to be applied on each stage of the supply chain and credit is to be available to the concerned buyers. Thus, it becomes pivotal to assess the different accounting areas of your business such as pricing of products, working capital, impact on revenue, availability of credit of GST, etc. Account Consultant aim to align with the necessary changes and use the new Good & Services Tax law to your absolute advantage.
Necessary amendments to business terms
For preparing GST returns, Rayvat takes care of consulting suppliers and customers and introducing necessary amendments in the business terms and contracts. We understand that they must be made aware of the latest changes and intimate timelines for invoices, receipt or issue of payments, etc. We help businesses to negotiate prices in case suppliers are profited from GST by the additional input credit.