Impact on Cash Flow
- Advances made taxable
- Vendor / Customer discounts to be examined for tax impacts
- Impact on tax in case of provisioning by customers
Input Tax Credit
- Input of Credit on consumables may reduce operational costs
- Credit of State GST restricted in certain cases
Impact on Registrations
- Separate registrations in each state.
- ISD registration in case of common input services.
- TDS deduction by customer may impact decision of registration.
