GST Services

The various services rendered by us in this regard are as follows :

• Advising & assisting in obtaining of registration under Goods and Services Tax (GST)
• Advisory on applicability of GST on the proposed/ existing business
• Filing of GST returns for individuals, HUF, firm, companies, trusts and AOP’s
• Representation services before the GST authorities
• Providing Updates on significant changes in law
• Advise on Maintenance of records
• Providing opinions and clarifications and updates on legal matters
• Audit under GST

Goods and Service Tax (GST)

Registration
Goods & Services Tax (GST) applies to all Indian service providers (including freelancers), traders and manufacturers, once their supply of goods of services crosses Rs. 20 lakh.

The GST is an all-in-one tax that subsumes a variety of state (vat, entertainment tax, luxury tax, octroi) and central taxes (cst, service tax, excise duty). GST is to be charged at every step of the supply chain, with complete set-off benefits available..

The procedure for GST is completely online and requires no manual intervention. There will also be a composition scheme under GST for businesses with a supply turnover of less than Rs. 1.5 crore.

Who needs a GST registration?

a) Upon reaching turnover of Rs 20 Lakhs:

A business whose aggregate turnover in a financial year exceeds Rs. 20 lakhs has to mandatorily register under goods and services tax. This limit is set at Rs. 10 lakhs for north eastern and hilly states flagged as special category states.

b) Inter-state sales or service provider:

Anyone supplying Goods or Services to another state, need to apply for GST regardless of turnover. Even online service provider serving customers in another state will instantly attract GST registration.

c) E-commerce operator:

Who owns, operates of manages digital platform for e-commerce. Eg: flipkart, amazon etc.

d) Vendors selling through ecommerce portals:

Persons who supply Goods or Services through E-commerce sites.

e) Non- residents & importers:

Any non-resident person or company supplying goods or services in india need to take the registration regardless of turnover.

f) Supplier of online information:

Any person supplying online information and database services from outside india to a person in india need to register irrespective of turnover.

Documents Required for Online GST Registration

The list of documents required for registration of gst for various business are as follows:

Proprietorship:-

• Pan card and address proof of proprietor.
• Letter of authorisation for signatory.
• Bank statement/ cancelled cheque.
• Bill of electricity/ telephone, rent agreement or letter of consent (noc).

LLP / Partnership Firm:-

• Pan card of LLP.
• LLP agreement.
• Identity and address proof of partners (passport, voters identity card, aadhar card, ration card, telephone or electricity bill, driving license, bank account statement).
• Letter of authorisation for signatory.
• Bank statement/ cancelled cheque.
• Bill of electricity/ telephone, rent agreement or letter of consent (NOC)..

Public / Private Limited Company:-

• Certificate of incorporation.
• Pan card of company.
• Articles Of Association (AOA).
• Memorandum Of Association (MOA).
• Resolution signed by board members.
• Letter of authorisation for signatory.
• Bank statement/ cancelled cheque.
• Bill of electricity/ telephone, rent agreement or letter of consent (noc)
• Identity and address proof of directors (passport, voters identity card, aadhar card, ration card, telephone or electricity bill, driving license, bank account statement).

We provide the following services as regards Goods and Service Tax (GST):-

• Obtaining goods and service tax (GST) registration.
• Calculation of taxable turnover, quantification of input credit and determining goods and service tax (GST) payable.
• Gst monthly return preparation and online e-filing of GSTR form - 1 to 11.
• Handling goods and service tax (GST) assessment.
• Goods and service tax (GST) consultancy.

GST FILINGS SERVICES

Filing Returns

• GSTR-3B (Quarterly or Monthly)
• GSTR-1 (Quarterly or Monthly)
• GSTR-9 (Annual Return)
• GSTR-4 (Annual Return)

Note : Revised Returns

GST returns cannot be revised in the present filing system. The mistake made in a return can be rectified in the subsequent return when such mistake comes into notice.

Late Fees For Delay In Filing GST Return

A Late fee of Rs. 50 per day is liable to be paid if any monthly/quarterly return is not submitted within due date.
Maximum penalty from 1st June 2021 will be as follows

• For taxpayers having Annual Aggregate Turnover (AATO) in preceding year upto Rs 1.5 crore, late fee to be capped to a maximum of Rs 2000 (1000 CGST+1000 SGST).
• For taxpayers having AATO in preceding year between Rs 1.5 crore to Rs 5 crore, late fee to be capped to a maximum of Rs 5000 (2500 CGST+2500 SGST).
• For taxpayers having AATO in preceding year above Rs 5 crores, late fee to be capped to a maximum of Rs 10000 (5000 CGST+5000 SGST).

In case of an Annual return, a penalty is payable at Rs. 200 per day. Maximum penalty in such case is 0.25% of the turnover in the state or union territory.

Interest On Late Payment Of Taxes

If tax is paid after the due date of payment of tax, then interest is payable at rate of 18% per annum(i.e CGST 18% & SGST 18%). Unlike Income tax, interest is payable by calculation on daily basis.
As mentioned before, if tax is paid under QRMP scheme as 35% of the net tax paid in last quarter, even if actual tax is more than 35%, no interest is payable.
We provide services as follows as –easier & timely manner!

GST Return Forms