WE PROVIDE FOLLOWING SERVICES
GST Registration
GST Returns
GST Audit
E-way bill generation and reconciliation
Input tax credit reconciliation
INDIRECT TAX ADVISORY SERVICES (GST)
Many business transactions or arrangements lend themselves to alternative tax treatment due to ambiguities in law, in procedures, contradictory judicial precedents and the like. A position that seems prima facie most beneficial may turn out to be without legal merit on deeper evaluation and hence hiring the services of a GST Advisor / Indirect Tax Advisor is particularly important for any business. As your GST Consultant, we through our systematic questioning about the nature of the problem and the solution requirements, makes an informed decision regarding the recommendation to employ for your business. An overall action plan for a systematic decision-making process is presented to you by us. Further we also provide GST Audit Services which are mandatory by law for certain businesses based on a Turnover criteria.
Applicability of GST:
Every person whose aggregate turnover from Supply of Goods or Services or both in a financial year exceeds INR 20 lakhs* (see note below) has to mandatorily register under Goods & Service Tax. This limit is set at INR 10 lakhs for North Eastern and hilly states flagged as special category states.
*Note : The basic limit beyond which obtaining registration becomes mandatory is increased from INR 20 lacs to INR 40 lacs for certain categories of persons, who are engaged in exclusive supply of goods vide notification No. 10/2019-Central Tax, dated 07.03.2019
Therefore, in case a person in supplying goods but also earns a nominal amount of service income (whether taxable or not) such as commission income, or interest income say from bank (which is exempt), then such person shall be liable to take registration above INR 20 lacs and not INR 40 lacs.