Innovative Tax Consultants

About

Founder

The Innovative Tax Consultants consists of a richly experienced team headed by Shri Bhagwan Singh, former Superintendent, CBIC, Customs and CGST Department, who took voluntarily retirement after successfully serving for three decades. He has worked on various assigments of Central Excise, Service Tax, Customs, and GST. He has got expertise related to the Assessment, Scrutiny, Adjudications, Appeals in the Excise/Service Tax/GST & Customs. He is well versed with classification, valuation, assessments, demands, search and seizures, adjudications/appeals, anti-smuggling matters besides the cargo and baggage clearances by Customs at various ICDs and CFSs ( Ports),Airports. He was Trade Facilitation Officer at Trade Facilitation Centre ( TFC), Uri for LOC trade with POK. He has deep insight into the working and procedures of the various Branches of GST & Customs.

He remained as the Chief Executive Officer ( President/G. Secretary) of the Executive and Gazetted officers Associations of Chandigarh Zone comprising Punjab, HP, JK and Chandigarh.

We are a team of experienced executives comprising MCA qualified Executive well versed with the GSTIN Portal of Government of India and Accounting software related matters, ICES related Data Entry Operators, Drafting and Typing Assistant besides an Accounts Executive dealing with the Accounts practices.

ABOUT THE GOODS AND SERVICES TAXATION

The GST enactments of the Central Government and the concurrent/related enactments of the State GST enactments brought in 2017 have subsumed the various Central and State Taxes under the single GST ambit. The GST introduction has opened a new chapter in the indirect taxation. The large number of amendments brought by the GST council till date is a clear pointer of the fact that there are a large number of complicacies and problems related to the new taxation regime, for which proper care and guidance is of utmost concern. Therefore, the prime motive of the Innovative Tax Consultants team is to provide the best customized tailor-made innovative, but simple and easy solutions to the individual clients keeping in view client's specific requirements, creating and monitors various types of checks to increase efficiency, chart out strategic approach to taxation management and avoid the fallible and avoidable mistakes. To make the client aware about the best practices related to the various tax compliances, to save the unnecessary litigations and to avoid the locking up of the financial resources of the clients which may be used for vital growth and day to day operations of the business.

Services We Provide

• Blueprint of GST applicability

Providing a complete blueprint of the GST framework and related compliances applicable to a particular client.

• GST compliances

Periodic review of GST returns and tax computations along with the filing of returns to GST authorities each registered person (including consideration of mismatches between vendors and customers and the client's records based on reconciliation statements prepared by the client).

• GST operational assistance and retainer services

Addressing operational matters flowing out of GST implementation, vendors and consumers ecosystem care and advisory services for obtaining advance rulings

• GST Audit Services

Helping the clients in the annual GST audit in respect of each establishment of a registered person including the on-site audits by our team to avoid the last minute liabilities related to the interest and penalties.

• Internal review of all GST perspectives

Review of all processes from a GST perspective, including examination, validation and acceptance by users of ERP-related GST controls.

ABOUT COMPLIANCES RELATED TO THE CUSTOMS MATTERS

• Proper classification of the Goods under the CTH as per the international and national practices as per the strict norms of the HSN , • Understanding the valuation aspects so as to avoid the chances of the holding back of the consignments on account of allegations of under-valuation , • To adopt the best services related litigation of the Customs regarding valuation, classification, EPR/PWM/BIS QCOs at the adjudication and appellate stages.