Please find below scope of the assignment:
1. Application for GST number and Letter of undertaking (LUT), if already not applied
2. Review of sample invoices (tax invoice, credit note, debit note, bill of supply, self-invoice etc.) issued during the year
3. Perusal of GST returns (if filed) including computation of tax liability, due dates, payment of late fee etc.
4. In case GST returns have not been filed,computation of tax liability, interest and late fee and filing of GST returns (GSTR-3B, GSTR-1, GSTR-9) (Fee may be mutually agreed separately on the basis of number of transactions or returns)
5. High-level review of input tax credit availed
6. Review of refund or rebate application
7. In case refund application has not been filed, scope and effort may be finalised seperately
8. Perusal of payment under reverse charge
9. Perusal of agreement with foreign customers to determine opportunities for tax optimization
10. Determining tax optimization opportunities from Foreign Trade Policy 2015-20 (FTP) perspective. For instance, obtaining SEIS scrips etc.
Estimated number of days may be negotiated.
Please note that outlays would be charged on actual basis.
Regards