PF CONSULTANCY

GST

GST Registration: Ensuring Tax Compliance for Your Business

Goods and Services Tax (GST) is a unified indirect tax applicable to businesses engaged in the supply of goods and services in India. GST registration is mandatory for businesses exceeding the prescribed turnover threshold. It simplifies taxation by integrating multiple taxes into a single system. A GST-registered business can avail of input tax credits, ensuring cost efficiency. Compliance with GST regulations prevents legal issues and enhances business credibility. Get your GST registration done to streamline tax processes effortlessly.

Our Key Services:

  • GST Registration – Assisting businesses in obtaining GST registration efficiently.
  • GST Return Filing – Timely and accurate filing of monthly, quarterly, and annual GST returns.
  • GST Compliance Advisory – Expert guidance on GST laws, updates, and compliance requirements.
  • Input Tax Credit (ITC) Management – Ensuring maximum benefits from ITC claims.
  • GST Audit Assistance – Helping businesses with GST audits and compliance checks.
  • E-Way Bill Generation – Support for smooth transportation of goods.
  • GST Refund Claims – Assistance in claiming refunds for excess GST paid.
  • GST Notices & Litigation Support – Handling GST-related notices and legal issues.
  • GST Composition Scheme – Helping small businesses opt for composition schemes.
  • Reverse Charge Mechanism (RCM) Compliance – Ensuring adherence to RCM regulations.
  • GST Impact Analysis – Evaluating the impact of GST on business operations.
  • GST Reconciliation Services – Matching input tax credits with GST returns.
  • GST Rate Advisory – Advising businesses on applicable GST rates for products and services.
  • GST Digital Signature Services – Assisting in obtaining and managing digital signatures for GST filings.
  • Customised GST Solutions – Tailored GST solutions based on business needs.

Frequency Asked Question

  • GST (Goods and Services Tax) is a unified tax on the supply of goods and services, replacing multiple indirect taxes to simplify the tax structure.

 

  • Any business with an annual turnover exceeding ₹20 lakh (₹10 lakh for special category states) must register for GST.

  • GST is divided into CGST (Central GST), SGST (State GST), IGST (Integrated GST), and UTGST (Union Territory GST).

  • GST registration can be done online through the GST portal by submitting required documents and details.

  • Late filing attracts a penalty of ₹50 per day, while tax evasion may lead to higher fines or legal action.

  • Businesses must file monthly, quarterly, or annual GST returns based on their registration type.

  • Yes, businesses can claim ITC on tax paid for purchases used for business purposes, subject to conditions.

  • An E-Way Bill is a document required for transporting goods worth over ₹50,000 between states or within a state.

  • Small businesses with turnover up to ₹1.5 crore can opt for the composition scheme, paying a fixed GST rate with simplified compliance.

You can check your GST status online using your GSTIN on the GST portal.

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