GST has brought a revolutionary change in indirect taxation in India subsuming various existing indirect tax laws with the object of One Nation One Tax. GST is focused on simplifying complex tax mechanism and helps achieve higher compliance across businesses in the country.
According to the GST Council, a business would be required to enroll for GST if yearly turnover exceeds Rs.20 lakhs (or Rs. 10 lakhs if it is dealing in North-Eastern states). Recently the limit has been enhanced to Rs. 40 lacs. There are additional different criteria which make it compulsory to register the business with GST regardless of the turnover.
For business with turnover less than prescribed limit registration is voluntary.
With experience of doing more than 400 GST registration under new regime we are ideally placed to register your business.
Expected timeline: 3 to 4 working days.
GST Return Filing:
Timely filing of GST Return is very important for business as it effect its reputation and credibility with counter party. As the counter party will reconcile his books of account with what is reported by the business.
Taxpayers' biggest challenges today such as reconciliation of GSTR 2A and purchase ledger. Our team is fully capable in assisting business in this respect.
Late filing of GST returns attracts late filing fees.
We use GST compliant accounting software which minimises both time and cost of reconciliation and result in accurate and timely filing of returns.
E-Way Bill:
E-Way Bill is an electronic waybill for movement of goods which can be generated on the eWay Bill Portal. For goods having value of more than Rs. 50,000 (Single Invoice/ bill/ delivery challan) cannot be transported by a registered person without an e-way bill.