GSTsp Allianz provides expert assistance and guidance on how the new tax regime will impact your business compliances and profitability. Impact Analysis consists of

• Business Process Overview and Study
• Goods and Services Tax Impact Area Assessment
• Business Process and IT Infrastructure Change Requirement Study
• Compare Impact Assessment Report

The following services are covered in this analysis.

• Ground level assessment of Business processes and impact of GST
• Impact Assessment on Current and Proposed Tax Liability
• Impact Assessment on Current Reporting Structure and Proposed Reporting Requirements
• Impact Assessment in IT Reporting Systems
• Identification and Assessment of Tax Rates and Tax Liability on Various Business Transactions
• Comparison Report on Current Profitability and Future Forecast
• Assistance in Data Migration from Current regime to the GST regime, including Input VAT Credit on Trading Goods, Capital Goods and CENVAT Credit under Service Tax and Excise Tax Laws on ClearTax’s GST platform if required.
• Impact Assessment on Overall Cash Flow at entity level
• Assistance in planning Closing Inventory and Carry Forward of Input Tax Credit.
• Easy to consume Executive Summary Report

The following Documents to be required to be submitted:

1. Balance sheet and P&L account
2. Details of customs duty payment
3. Service Tax returns (along with Cenvat credit details)
4. VAT audit reports
5. Central Excise returns (including annual returns)Upload copy of Excise returns filled during the current and previous financial year. Share latest revised return (if any)