GST Registration | GST Returns | GST Reconciliation | GST Advice

The Goods and Services Tax (GST) has consolidated a plethora of indirect taxes levied by the Centre and States into a common tax. Businesses are required to file monthly, quarterly and annual returns and those with turnover exceeding INR 2 crore will also have to file GST audit reports. We keep our team updated to handle GST related matters from time to time as per GST Council. Since the introduction of GST, we have proven ourselves and known for in time and accurate GST compliance and solutions. Our focus is on our clients, that they can smoothly perform business activities by leaving burden of GST compliance on us.

GST Registration

In the GST Regime, businesses or profession exceeds specified Turnover than it’s required to register as a taxable person.
- For sale of goods aggregate turnover exceeds Rs. 40 lakhs, for normal category states and Rs. 20 lakhs, for special category states
- For service provider aggregate turnover exceeds Rs. 20 lakhs, for normal category states and Rs. 10 lakhs for special category states
- Following categories of persons , are required compulsorily to get registered under GST
  
  Inter state suppliers
  
  Casual Taxable persons
  
  Persons taxable under the reverse charge basis
  
  Non-resident taxable persons
  
  Persons required to deduct TDS under GST
  
  Persons required to deduct TCS under GST
  
  Input Service Distributors
  
  Persons making a sale on behalf of someone else whether as an Agent or Principal.
  
  Every E-commerce Operator who provides a platform to suppliers to make supply through it.
  
  Suppliers who supply goods through E-commerce operator who is liable to collect tax at source.
  
  Online Service Providers providing service from outside India to a non-registered person in India.
- If the organization carries on commercial activity without registering under GST, it will be an offence under GST and heavy penalties will apply.
Filing of GST Returns – Monthly, Quarterly, Annually
- In the GST regime, any regular business has to file two monthly returns and one annual return. This amounts to 26 returns in a year.
- The beauty of the system is that one has to enter details of one monthly return – GSTR-1. The other monthly return GSTR 3B will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
- There are separate returns required to be filed by special cases such as composition dealers. Composite dealers are required to file CMP 08 on a quarterly basis.
- GATR 9 is an Annual Return and GSTR 9C is for GST Audit.
GST Reconciliation
- Reconciliation of Turnover recorded in books of accounts with monthly or quarterly filed GST returns – GSTR1 and GSTR 3B
- Reconciliation of ITC recorded and claimed and reflected on portal by GST returns i.e. GSTR 2A filed by vendors.
- GST returns are filed monthly or quarterly basis. Finally, after the financial year gets over, annual returns must be filed before the 31st December of subsequent FY. This would need consolidation of the data reported over the FY. In order to ensure the correctness of the declaration made and to avoid duplications, taxpayer must reconcile the data, then consolidate the values and make the declaration.
GST Notice correspondence

Notices under GST are communications by the GST Authorities. These are sent to the taxpayers specifically to remind or caution them of any defaults being noticed, specifically for not following the GST laws. In other cases, notices can be sent out just to collect more information from the taxpayer.

A notice can be called by different names like show cause notice (SCN), scrutiny notice or the demand notices, depending upon each case- the purpose or gravity of default or action required from the taxpayer.
Advise on GST related matters

We provide advice on GST Registration, GST return filing, GST ITC related matters, applicability and treatment of RCM under GST, GST Audit, GST Notices and other ancillary matters.