Mahindra Logistics

Be GST-ready with Mahindra Logistics

In the anticipated turbulence after the Goods and Service Tax (GST) may become a reality from July 01,2017, you need a logistics partner who himself is GST-ready and therefore, will offer solutions and services which are GST-compliant. MLL is the right partner for you because we have geared up for the GST regime with the zeal of an evangelist. Thus, if you trust us with your logistics, you can concentrate more on your core business, thereby creating a win-win situation.

GST will be implemented on a decentralized concept i.e. State-wise GST compliance will have to be adhered to by all the service providers. Currently, MLL is having VAT registration in 15 States and centralized service tax registration on a PAN-India level. Under GST, MLL will have to follow the State-wise GST compliance, and for that we have collated State-wise data from where the actual services are being provided and their corresponding billing locations.

GST Returns

As far as GST returns are concerned, there will be State-wise four types of monthly returns and one annual return which would be required to be filed for every GST registration. Their details are as follows:

  • GSTR-1 for declaring the outward supply by 10 th of every month.
  • GSTR-2 for declaring the inward supply by 15 th of every month.
  • GSTR-3 for monthly returns – for GST computation by 20 th of every month.
  • GSTR-4 for distribution of credit on input supply by 13 th of every month.
  • GSTR-9 for annual return by the month of September of the next financial year.

We have analyzed all returns requirements and have also worked out a process for getting it automated with the help of our IT team which has developed a utility for GST return automation. 

GTA service

In the context of transportation of goods by road (GTA) service, the check post compliance is likely to be removed in a phased manner, which will reduce the transit time and therefore will benefit businesses. 

At MLL, we have reviewed all MLL verticals and have identified the place of supply and location of the recipient. This will help us in raising of our invoice at the destination place. Most likely, GTA service will remain under the Reverse Charge Mechanism (RCM) under the GST regime and therefore our customer will have to pay GST under RCM in the State of receipts from where their output GST liability would get generated. This will help our customers to claim proper GST credit, in the same State.

IT re-configuration

The imminent arrival of GST calls for key changes in the information technology systems and infrastructure at the enterprise level. In response to this need, we are creating new fields for location of suppliers and place of supply and also generating a new field for Service Accounting Code (SAC).

Finally, to get our workforce aligned with the GST era, we have invested heavily in training our staff to make them aware about GST. Thus, we have left no stone unturned in becoming GST-ready ourselves and thereby making all clients also GST-ready.

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Disclaimer: The information on this website is provided for general informational purposes only. None of the information on this website is offered, nor should it be construed, as legal advice in any way on any matter.