Goods and services

Goods and Services Tax (GST)

The GST journey in India began in the year 2017, and since then, it has come a long way in shaping our economy. All matters like registration, form filing, application for refund, etc. are taken care of by our skilled and efficient Chartered Accountants. It is our sole purpose and duty to take part in and to give way to a robust and open discussion surrounding accountable GST, increased transparency and the ensuring of taxation in an increasingly digitized and globalized world.

What is Goods and Services Tax (GST)?

In India, the GST journey started in 2017, and since then, it has significantly shaped our economy. Our knowledgeable and effective Chartered Accountants handle all issues such as registration, form filling, refund applications, etc. Our sole goal and obligation is to participate in and openly discuss the accountable GST, enhanced transparency, and the maintenance of taxation in an increasingly digital and interconnected world.

GST Registration

GST Registration for new Assessee

Regular Routine Work

Filing of monthly, quarterly and Annual GST returns
Assistance in deposit of GST to electronic cash ledger
Consultancy on GST on regular basis
Refund of GST from GST Department

Why Us

Excellence

We are a thriving firm of chartered accountants working toward the creation of a single point of contact for the full spectrum of financial services.

Integrity

Integrity, in our opinion, is the fundamental principle that motivates the company to accomplish its goals.

Independence

All professions require professional independence and integrity, but the accountancy profession requires it even more.

Frequently Asked Questions

Does aggregate turnover include value of inward supplies received on which RCM is payable?

Ans- No, as per the provisions of Section 2(6) of CGST Act, Aggregate Turnover shall not include value of inward supplies on which tax is payable on reverse charge basis. Thus, such amount shall not be included while calculating the aggregate turnover of the person receiving such supplies under this Act.

Whether aggregate turnover includes turnover of supplies on which tax is payable by the recipient under reverse charge?

Ans- Yes, Outward supplies on which tax is paid on reverse charge basis by the recipient will be included in the aggregate turnover of the person providing such goods or services.

Is an advocate providing interstate supply chargeable under Reverse Charge, liable for registration?

Ans- Exemption from registration has been provided to such suppliers who are making only those supplies on which recipient is liable to discharge GST under RCM. Since, the legal services provided by advocate are liable to be charged under RCM, an advocate will be exempt from registration if he does not provide any other supply which is chargeable to GST under Forward Charge Mechanism.

Is it correct that person dealing exclusively in NIL rated or exempt goods/ services liable to register if turnover > 40/20/10 Lakh?

Ans- There is no liability of registration if the person is dealing with 100% exempt supplies. Hence, the turnover limit of 40/20/10 lakh shall not be applicable on the person.

A firm dealing exclusively in exempted products has GST registration; does it need to file return?

Ans- A person dealing wholly in exempted supplies is exempt from obtaining GST registration irrespective of the specified limits for aggregate turnover. However, if registered, then you need to comply with the provisions and thus file the due returns even if it is a NIL return. Further, in such circumstance, you may choose to cancel your registration since you are dealing only in exempted products.

If I register voluntarily though turnover is less than the specified limit, am I required to pay tax from 1st supply I make post registration?

Ans- Once a person obtains GST Registration whether mandatorily or voluntarily he is required to comply with all the related provisions and return filing. Therefore, you would be treated as a normal taxable person and be liable to pay tax on each supply made on or after the effective date of registration.

Is separate registration required for trading and manufacturing by same entity in one state?

Ans- GST Registration is primarily state based. Hence, a person can obtain one registration for each and every place of business in the same state. The place of Business shall include both Manufacturing and Trading Units of the person. However, it is the decision of the person to obtain a single registration or multiple registrations for its different place of business within same state. Hence, the person can obtain either common or separate registration for its Trading and Manufacturing Unit in the same state.

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TESTIMONIAL

What our users are saying

So far good experience. Still need to complete the full compliance before due date by Corporate Avenue.

OCTANE CAPITAL PRIVATE LIMITED, Anjali bhatia

Experience was awesome. Thanks for all the help and coordination. Parth was really helpful in the journey.

Dakshta trust, Daksh Midha

Would definitely recommend this website to other people and would also use it myself in future as well if need be

From the Fields Pvt Ltd, jasbeer Singh