GST Compliance Services Offered by Our Firm
Introduction
Goods and Services Tax (GST) has transformed the Indian taxation system, bringing uniformity and transparency. Businesses across India have experienced a paradigm shift in indirect tax compliance, since the Advent of the Goods and Services Tax (GST) regime. Compliance with GST regulations can be complex and time-consuming for businesses Navigating the complexities of GST laws requires require in-depth knowledge of the legislation with its timely and accurate compliance. End-to-end GST compliance services by a Professional organisation ensure the Business to stays compliant, avoids penalties, and operates smoothly by focusing on growth of their business.
Why GST Compliance is Crucial for Your Business?
Non-compliance with GST laws can lead to hefty fines, legal issues, and operational disruptions. Proper compliance ensures:
✅ Smooth business operations without regulatory hurdles
✅ Avoidance of penalties and interest for late filings
✅ Input Tax Credit (ITC) optimization to reduce tax liability
✅ Enhanced credibility with authorities and stakeholders
GST Compliance Services
Preliminary Services
- Re-constitution of Business and ITC transfers (Conversion of one entity type to another)
- GST System Set-up
- GST Rate Mapping
GST Registration Services
a) GST registration is mandatory for any company engaged in manufacturing or trading goods with an annual turnover of more than ₹40 lakhs. For entity engaged in provision of Services, minimum turnover for compulsory GST registration is ₹20 lakhs.
b) Categories of person requiring Registration under GST are:-
- Interstate suppliers.
- Suppliers whose Turnover exceeds threshold Limit of Rs.40 lacs/ 20 lacs
- 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.
c) Whether the entity is a new start-up, expanding to a new state, or crossing the threshold limit, GST Registration services also covers:-
- Fresh GST registration
- Amendments to existing registration
- Cancellation and revocation of registration
- Assistance in obtaining separate registrations for multiple branches
Filing of GST Returns
Timely and accurate return filing is critical to avoid penalties and maintain seamless Input Tax Credit (ITC).
| GST Return | Description |
|---|---|
| GSTR-1 | Outward Supply Details |
| GSTR-3B | Summary Return |
| GSTR-4 | A yearly return to be filed by the taxpayers, opted for composition scheme |
| GSTR-5 | Return to be filed by all persons registered as Non Resident Taxpayer (NRTP) |
| GSTR-6 | {Monthly return to be filed by all the Input Service Distributors (ISD)} |
| GSTR-7 | {Monthly return filed by individuals who deduct tax at source or TDS under GST} |
| GSTR-8 | (To be filed by every E commerce Operator, registered under GST laws) |
| GSTR-9 | Annual Return |
| GSTR-9C | Reconciliation & Audit |
| GSTR-10 | Final Returns (To be filed by the Registered taxable persons, opted for the cancellation of the GST registration |
GST Reconciliation Services
Reconciliation of Purchase and sales data, ensuring consistency between books and GST returns is crucial. Proper compliance helps claiming Maximizing ITC while Incorrect claim of ITC can result in tax demands and interest liability.
- Monthly ITC reconciliation with GSTR-2B
- Identification of mismatches with vendor invoices
- Advisory on ineligible ITC and blocked credits
- Strategic planning for optimal credit utilization
GST Audit and Annual Return Filing
To verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST, GST Audit has been prescribed under the law. GST Audit is the process of examination of records, returns and other documents maintained by a taxable person.
Types of GST Audits
GST audits can be of different types as listed below:-
| Type of Audit | Relevant Section of CGST Act | Auditor |
|---|---|---|
| Statutory Audit* | Section 35(5) | Chartered Accountant / Cost Accountant |
| Audit by Tax Authorities | Section 65 | Commissioner of CGST / SGST (or any officer authorized by him) |
| Special Audit | Section 66 | Assistant Commissioner (with the prior approval of the Commissioner) can order for a special audit, in writing, and is to be conducted by chartered accountant or a cost accountant nominated by the Commissioner |
* Statutory Audit has been Removed w.e.f. 1st August 2021
A GST expert can assist in GST Audits in different ways, i.e.
Pre-Audit Preparation & Compliance Review
A GST expert will:
✔ Conduct a detailed review of Client’s GST returns, invoices, and financial records.
✔ Identify and rectify discrepancies in GSTR-1, GSTR-3B, and GSTR-9 filings.
✔ Ensure proper reconciliation of books with GST returns to avoid mismatches
Proper Documentation & Record Maintenance
The GST department may demand:-
✔ Invoices (Tax Invoices, Debit/Credit Notes)
✔ Payment Proofs
✔ E-way bills
✔ Input Tax Credit (ITC) records
✔ Bank statements
A GST expert ensures all documents are organized, accurate, and readily available for submission.
Handling ITC (Input Tax Credit) Reconciliation
One of the most critical aspects of a GST audit is verifying ITC claims. A GST expert:
✔ Matches purchase records with suppliers’ GSTR-2A / 2B.
✔ Identifies missing or mismatched invoices and rectifies them.
✔ Ensures no excess or ineligible ITC claims are made.
Representation Before Tax Authorities
A GST expert or CA can:-
✔ Act as Authorized representative during the audit
✔ Professionally respond to queries from tax officers
✔ Present necessary explanations and supporting documents to justify claims
Post-Audit Compliance Improvements
After the audit, a GST expert helps:
✔ Implement corrective measures to prevent future issues.
✔ Advise on best GST compliance practices.
✔ Conduct regular internal audits for ongoing compliance
GST Assessments, Notices & Litigation Support
Businesses may receive GST notices for discrepancies, delayed filings, or audit issues. Our team provides:-
- Representation before GST Authorities
- Drafting of replies to Show Cause Notices (SCNs)
- Assistance in GST assessments and appeals
- Liaison with Department for clarifications, rectifications, and orders
E-Invoicing & E-Way Bill Compliance
With the introduction of e-invoicing and e-way bill mandates, a GST Expert may assist with:
- E-invoicing portal integration and setup
- Training on e-invoice generation
- E-way bill generation and compliance
- Reconciliation of transport documents with sales
Advisory on GST Law & Transaction Structuring
GST is a dynamic law that impacts every business decision. A GST Expert can advise on:
- GST implications of complex transactions
- Inter-state and intra-state supply planning
- Composite & mixed supply classification
- Taxability of services and reverse charge mechanism
Industry-Specific GST Solutions
Different industries face unique GST challenges. A GST Expert can customize GST compliance services for:
- E-commerce operators
- Real estate and construction
- Exporters and SEZ units
- Educational and charitable institutions
Transport and logistics
Industry-Specific GST Solutions
A GST Consultant should :-
- Have an Experienced team of GST experts and Chartered Accountants
- Have Tailored compliance solutions to fit your business model
- Be Up-to-date with latest changes in GST laws, notifications, and circulars
- Follow Technology-driven approach with robust accounting and filing tools
- Have commitment to timely compliance and
- Provide personalized client service
Conclusion
GST compliance is not just a legal obligation—it is a cornerstone of a well-managed business. A GST Consultant should stands as trusted partner of Client in ensuring full GST compliance, minimizing risks, and optimizing tax benefits.
