Goods and Services Tax (GST)

According to the CGST Act of 2017, each registered person must file a number of returns and documents within a certain amount of time; otherwise, interest and penalties will be paid. To manage all compliances by the deadline, we have a specialized GST Team.

Our Services:

• GST registration
• Filing of monthly GST returns
• Filing of final return and annual returns
• Filing of letters of undertaking
• submitting any additional forms and disclosures via the GST Common Portal as mandated by the GST law

A copy of the audited yearly accounts and a reconciliation statement certified by a chartered accountant must be sent with the annual return in Form GSTR-9 C by any registered person who is required to have his accounts audited under sub-section (5) of section 35.
Many mistakes may have been made when filing GST returns in the early days of the tax's implementation, and these should be fixed before completing an annual return and reconciliation statement in Form GSTR-9 C.
Before completing the yearly return and reconciliation statement in Form GSTR-9 C, our specialized GST Team can detect typical problems and potential remedies. They also comprehend a variety of practical challenges.

Services:

• Filing and preparation of annual return
• creation of a reconciliation statement in compliance with the GST Law between the annual return and the books of accounts
• Following the law when auditing the books of accounts
• Reconciliation statement certification in compliance with the law
• Filing of reconciliation statement in Form-GSTR-9C on GST common portal
• Possible resolutions for errors

In accordance with section 116(1) of the GST Act, 2017, anyone who is required or entitled to appear before a GST officer appointed under the Act, the Appellate Authority, or the Appellate Tribunal in connection with any proceedings under the Act may do so through an authorized representative, subject to the other provisions, unless they are required to appear in person for examination on oath or affirmation.

The following individuals may be designated as authorized representatives, or those permitted by the individual to appear on the individual's behalf, in accordance with section 116(2) of the GST Act, 2017:

• An attorney who has not been prohibited from appearing before any Indian court and is permitted to practice in any Indian court; alternatively
• any cost accountant, company secretary, or chartered accountant with a current certificate of practice who hasn't been prevented from practicing; or
• Any individual who has been given permission to represent the concerned registered person as a goods and services tax practitioner.
• An individual who has retired from the Commercial Tax Department of any state government, union territory, or board and who, during their time with the government, held a position equivalent to or higher than that of a Group-B gazette officer for a minimum of two years will not be eligible to appear in any proceedings under this Act for a year following their retirement or resignation; or

The question on which the advance rule is sought may be stated in an application submitted to the authority by an applicant who wishes to receive one. In general, the applicant can contact the authority to classify any commodities or services, or both, to find out if they are eligible for an input tax credit for taxes paid, whether they need to be registered, or to inquire about proposed or actual transactions.

Services:

• By examining every transaction, we assist the applicant in deciding whether to seek for approval.
• We represent the applicant before the authority.
• We help the applicant submit their application.
• We assist the applicant in preparing the required paperwork.

The central and state governments of India have refunded the GST paid on the export of goods and services under the GST regime in an effort to promote international trade. We analyze the costs and benefits, take into account all other factors, and recommend a better refund path.

The process of a refund claim includes the following procedure:

• Filing of online refund application
• Provide a method for creating the paperwork required to prepare a refund claim.
• Enhance the current system to provide the required documents.
• Helping to collect all supporting documentation
• Preparation of necessary pre-documentation like annexure-A as required by law
• Identification of missing credit is part of the reconciliation between the ITC claimed and the ITC shown in GSTR-2A.
• Continuous follow up with the authorities to grant refund claim

GST advisory & opinions:

Since only a small number of transactions are expressly excluded under the GST Act, each business transaction needs to be carefully considered and examined from a GST standpoint.

Services:

• Opinion on transactions to be undertaken by the client
• Views on mergers and acquisitions from the standpoint of GST
• Optimum and proper utilization of ITC
• Providing value-added and optimal solutions to the client
• Respect for and adherence to the relevant GST provisions
• Examination of a client-specific problem and its implications under GST
• Tax advice for new start-ups from GST perspective