GST law is complex and evolving. Kyra Tax advisory covers ITC eligibility analysis including Section 17(5) blocked credits, place of supply determination, HSN and SAC classification, reverse charge mechanism, and impact analysis of new GST notifications and circulars.
Key Benefits
Avoid wrong ITC claims that attract demand and penalty
Correct HSN codes reduce audit risk
Proper place of supply avoids cross-state disputes
Written opinion for audit trail and defence
Advance Ruling application assistance
Monthly retainer for ongoing advisory
Documents Required
- Business description and transaction details
- Relevant invoices or contracts
- Previous GST opinions or department correspondence if any
Our Process
Frequently Asked Questions
What is Section 17(5) blocked credit?
Section 17(5) lists goods and services on which ITC cannot be claimed - including motor vehicles with exceptions, food and beverages, club memberships, and construction for immovable property with exceptions.
What is Advance Ruling?
An Advance Ruling is a formal determination by the GST Authority for Advance Rulings on a question of GST law - binding on the applicant and the department.
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