GOODS & SERVICE TAX

GST Registration

Under Goods And Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person

GST Audit

The activity of Audit by the department is to examine the records, returns and other documents maintained or furnished by the taxpayer in order to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of the CGST Act and rules made there-under

Preparation of GST returns

GST Returns are a type of form that a taxpayer has to file. There are around 22 types of GST forms available. From these 22 GST forms, there are 11 that are active, 8 view-only and 3 suspended. So the number and type of GST you have to file is based on the type of taxpayer you have registered. 

Scrutiny Assessment

GST Officers can scrutinize a GST return and related particulars furnished by the registered person to verify the correctness of the return. This is called a scrutiny assessment. In case of any discrepancies noticed by the officer, he/she would inform the same to the registered person and seek his explanation on the same.

E- Filing

E-Filing is mandatory for all tax payers based on registration. Timely filing helps to avoid Late fee and penalty. If you have not any business for a month you must need to file a nil return.

Annual Return

Every registered person liable to file Annual Return for every financial year is required to file the same on or before the 31st December of next financial year