GOODS & SERVICES TAX (GST) COMPLIANCE
Complete GST registration, filling and compliance management services.
Get your Free Consultation.
What you'll get during your Free Consultation.
- Analysis of your Business and Suggestions for Improvement.
- A 30 minute phone conversation with one of our client.
- An evaluation of your current business strategy.
Request Quote Now
GST was introduced on the 1st of July 2017. GST is one Indirect Tax for the whole nation, which has made India one unified common market. It is a single tax on supply of goods or services or both, right from the manufacturer to the consumer. There are a number of compliance challenges in GST because of the constant amendments that have been introduced.
With the constant amendments, your business will not only require a Tax Solution, but also a strong partner who will help you in your GST compliances in the right manner.
Our Service offerings in GST are:
GST Registration
If your business turnover in goods exceeds Rs. 40 Lakhs or service income is more than Rs. 20 Lakhs during the year, then it is compulsorily required to register under GST and file return on regular basis. If you are doing business B2B basis then you can also apply for voluntary registration.
But following persons are compulsorily required register under GST
- E commerce operators
- Casual taxable person
- Non-resident taxable person
- Input service distributors
- Person who are required to pay GST under reverse charge basis
- Person making any interstate taxable supply
- Person who are required to deduct TCS under section 51 of CGST act 2017
Documents required for Registration
| Particular | Content |
|---|---|
|
PASSPORT SIZE PHOTOGRAPH |
Company – of all Directors LLP or Partnership Firm – of all Partners Sole Proprietorship – of proprietor |
|
PAN CARD (Self Attested) |
Company – of all Directors and company’s PAN
LLP or Partnership Firm – of all Partners & Firm’s PAN
Sole Proprietorship – of proprietor |
|
REGISTRATION CERTIFICATE (Self attested with stamp) |
Company – Certificate of Incorporation LLP or Partnership Firm – Certificate of Incorporation & Partnership Deed Sole Proprietorship – Not Applicable |
|
IDENTIFICATION & ADDRESS PROOFS |
Identification Proofs – Aadhaar card / Passport / Driving Licence / Voter ID Address Proofs – Aadhaar card / Passport / Driving Licence / Voter ID Company – of all Directors LLP or Partnership Firm – of all Partners Sole Proprietorship – of proprietor |
|
BUSINESS ADDRESS PROOFS |
Latest Electricity Bill (not older than 2 months) Rent Agreement with Rent receipt / Title Deed if business premises is own NOC from Landlord / owner |
|
CANCELLED CHEQUE LEAF |
Company – of Company LLP or Partnership Firm – of firm Sole Proprietorship – of firm / proprietor |
|
GOODS OR SERVICES |
Five Primary goods or services in which applicant shall deal. |
|
AUTHORITY LETTER |
Letter for Appointment of Authorised Person |
Other GST Compliances
GST RETURNS
GST return is a document containing all the details of your sales, purchase, tax collected on sales and tax paid on purchases. All business owners who have registered under the GST system must file GST returns irrespective of business activity or sales or profitability during the return filing period. Hence, even a dormant business that obtained GST registration must file GST return. Under the new tax regime, the entire process of filing returns has been automated.
GST registration holders are required to file GSTR-3B return every month providing details of sales and purchases made in a month to the Government. GSTR-3B return is due on the 20th of each month.
In addition to GSTR-3B return, businesses registered under GST must file GSTR-1 return. GSTR-1 return must be filed every month by businesses having annual revenue of over Rs.1.5 crores. In case a business has yearly revenue of less than Rs.1.5 crores, GST return should be filed every quarter.
Annual GST return must be filed by all GST entities having GST registration in GSTR – 9.
We Offer:
- Preparation and filing of Monthly, Quarterly and Annual Returns after verification of data and Calculation of GST liability of Regular Dealer and Composition Dealer.
- Advising on maintenance of Statutory Books of Accounts/records required under GST Law.
- Support to Company’s Team for preparing various details/documents like Invoices, Credit/Debit Notes, Export Documentation etc. required under GST Law.
- Providing supporting to company for obtaining E way Bill or any other route/road permit or transport permit for movement of good from one location to other required under GST law.
GST and Advisory Accounting Services
We provides expert services on GST matters. Though the introduction of GST subsumed as many as tax laws into one, there has been amendments and changes on a regular basis to address the many of the hardship which have arisen on introduction of GST and also to address the political compulsion of the government. All these changes on a very frequent basis, have undone the simplicity of GST and consequently increasing the requirement of Expert advice in complying with the frequently changing GST requirements.
Illustrative services under GST Advisory services are of the following nature:
- Tax Compliant advise for start-ups & e-commerce.
- Project planning and transaction structuring including in the areas of real estate-construction and allied areas, ITSS and ITES, e-commerce.
- Analysis on the implications of GST for a specific client/industry and optimal solution to client issue.
- Cost control and tax planning including optimisation of taxes leading to least tax incidence within four corners of the law.
- Maximization of input tax credit for the entities including those which have multiple units, multi-locational companies, many business verticles, SEZ, 100% EOU and DTA units.
- Vetting the agreements contracts in terms of GST optimisation.
- Other value additive services such as classification of goods/services/tax rates and coverage in exemptions.
- Hand-holding through GST advisory on regular basis
- Support for understanding and working under GST regime
REFUND ON EXPORT OF GOODS OR SERVICES
It is stated policy of the government that only goods and services should be exported out of India not the tax associated with them. This is achieved either by allowing purchase of inputs net of taxes or by granting refund of taxes embedded in the publication of final product/services. There are multiple modes of claiming refund. The decision to choose particular option depends on multiple factors. We have in-depth knowledge of interconnections among various indirect tax laws, understand the intricacies in different refund options, undertake cost-benefit analysis and suggest best workable options in your peculiar case. It includes the following services:
- Evaluating alternative modes of refund/rebates and suggesting best option
- Designing system for generation of necessary documentation for preparing refund claim
- Assistance in retrieval of supporting documents
- Preparing refund claim as per statutory requirement
- Filing refund claim with department and making follow up
- Making representation in case refund claim rejected
