Direct Tax is paid by an individual or organization to an imposing entity. In India, the direct taxes are overseen by the Central Board of Direct Taxes (CBDT) which was formed as a result of the Central Board of Revenue Act, 1924. The direct taxes include wealth tax, income tax, capital gains tax and corporate tax.

SJF works with several associates to cater to compliances of regulatory tax fillings, Tax planning & Advisory, Representations to tax authorities & Certifications required under tax authorities as a outsourced department of small & Mid size organizations.

2. Indirect Taxation

1. Introduction & Overview of GST:

   Goods and Services tax (GST) has been identified as one of most important tax reform post-independence. It is a tax trigger, which will lead to business transformation for the industry.

   Given the enactment of four central GST Bills [i.e. Central GST (CGST), Integrated GST (IGST), Union Territory GST (UTGST) and the bill to Compensate the States] on 12 April 2017, and with the clear road map being laid down for passage of State GST (SGST) laws in the respective State assemblies, the Government of India seems to be on course to implement GST with effect from 1 July 2017.

   GST is expected to be a destination-based tax that should replace the current Central taxes and duties such as Excise Duty, Service Tax, Counter Vailing Duty (CVD), Special Additional Duty of Customs (SAD), central charges and cesses and local state taxes, i.e., Value Added Tax (VAT), Central Sales Tax (CST), Octroi, Entry Tax, Purchase Tax, Luxury Tax, Taxes on lottery, betting and gambling, state cesses and surcharges and Entertainment tax (other than the tax levied by the local bodies).

   It will be a dual levy with State/Union territory GST and Central GST. Moreover, inter-state supplies would attract an Integrated GST, which would be the sum total of CGST and SGST/UTGST.

   A well-designed GST in India is expected to simplify and rationalize the current indirect tax regime, eliminate tax cascading and put the Indian economy on high-growth trajectory. The proposed GST levy may potentially impact both manufacturing and services sector for the entire value chain of operations, namely procurement, manufacturing, distribution, warehousing, sales, and pricing. It will also stimulate the need to relook at internal organization and IT systems.

2. Our Area of Focus: GST

As the Government of India seems to be on course to implement GST with effect from 1 July 2017.We are Committed to Develop with our experience & Expertise Skill teams of CAs to Successfully implement the GST Structure in such a Simply way to enable our clients to achieve their goals and prepare them for future needs

The Services related to GST Will Deliver :

1. Registration - New GST or MVAT/Service Tax/ Excise to GST Migration
2. Compliance/ Return Filing Periodically and on & Before Time.
3. Regular Updates on GST Laws & Rules
4. Consultancy on Rules & Notification Interpretation as Per Client Business & Needs
5. System & IT support to Enable SAP Based GST Implementations
6. Training & on Site Support to Client for Business Technical issue to Effectively and Simply GST Business Structure
7. Audit & Scrutiny under GST