GST Services
- Simplified Compliance:
Navigate GST regulations effortlessly with our expert guidance, ensuring your business stays compliant and hassle-free.
- Maximize Deductions:
Unlock potential savings by accurately claiming input tax credits, enhancing your business’s profitability.
- Timely Filing:
Enjoy peace of mind with our timely GST filing services, minimizing penalties and keeping your finances in check.
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Taxamicus GST Services
GST Registration
GST Registration Services done by expert
- Expert Assistance & Hassle-Free Process
- Acurate Documents and filing
- No extra cost for Query clearance
GST Registration Query
GST Registration Query Services done by expert
- Fast, hassle-free GST Query reply by experts
- Avoid delaying your registration
- 95% Success GST Registration Record
GST Revocation
GST Revocation Services done by expert
- Faster Resolution
- Detailed Follow-Up with authority
- Guidance until your GST activation
GST Filing
GST Filing Services done by expert
- Reliable GST filing by professionals.
- Simplify your tax process, we handle it.
- Avoid late fees and mistakes.
GST Cancellation
GST Cancellation Services done by expert
- Stay legally compliant with proper guidance.
- Filing from application to cancellation is free
- Smooth Process
GST Refund
GST Refund Services done by expert
- Fast Refund Processing
- Expertise in regulatory standards
- Ongoing Support from application till refund
Overview of GST Services
Goods and Services Tax (GST) is a comprehensive, indirect tax levied on the supply of goods and services in many countries, aimed at unifying the tax structure and creating a single, streamlined tax system. GST Services replace multiple indirect taxes (such as VAT, service tax, excise duty, etc.) with a singular tax, making it simpler for businesses and individuals to understand and comply. By adopting GST, countries aim to create a more transparent and efficient taxation process, reducing cascading tax effects and promoting ease of doing business.
Key Components of GST:
Input Tax Credit: GST allows businesses to claim credit for the tax they pay on inputs used in producing goods or providing services, effectively reducing tax liabilities. This minimizes the impact of “tax on tax” and reduces overall costs. Our GST Services help businesses navigate the complexities of claiming input tax credits efficiently.
Classification and Rates: Goods and services under GST are categorized into different tax slabs based on their nature and necessity, with separate rates (e.g., 5%, 12%, 18%, and 28%) applied to each category. Some essential items may be exempt, while luxury goods are typically taxed at higher rates. Understanding these classifications is crucial, and our GST Services can guide you through the appropriate tax rates for your products and services.
Types of GST:
GST typically comprises different components:
- CGST (Central GST): Collected by the central government on intra-state supplies.
- SGST/UTGST (State/Union Territory GST): Collected by state or union territory governments on intra-state supplies.
- IGST (Integrated GST): Collected by the central government on inter-state supplies and imports, later divided between central and state governments.
Benefits of GST:
- Streamlined Tax Structure: GST simplifies compliance by eliminating the need for multiple registrations and filings across different tax authorities, consolidating taxes into a unified system. Our GST Services ensure that you remain compliant with minimal effort.
- Reduction of Tax Cascading: Input tax credit helps mitigate the cascading effect of taxes, lowering costs for businesses and, in turn, consumers. Leveraging our GST Services can maximize your input tax credit benefits.
- Enhanced Compliance and Transparency: GST promotes a digital tax ecosystem, reducing tax evasion and improving record-keeping with the use of standardized invoicing and monthly/quarterly returns. Our GST Services include assistance with digital compliance to make the process seamless.
In summary, GST is designed to enhance economic growth, improve tax compliance, and create a more transparent tax system. It plays a crucial role in modernizing tax structures and fostering a fair, simplified, and business-friendly environment. With our expert GST Services, you can navigate the complexities of GST effortlessly and ensure compliance while maximizing benefits.
Why Taxamicus for GST Services?
Hastle free GST Services
Experience hassle-free GST Services with expert support, timely reminders, and accurate submissions. Save time and focus on your business!
Timely submissions
Stay compliant with timely GST Services submissions to avoid penalties and interest. Let us handle your filings for peace of mind!
Expert assistance
Get expert assistance with GST Services for amendments, corrections, and audits to ensure compliance and minimize potential issues for your business!
Dedicated persons
We provide two dedicated contacts for our GST Services: one senior and one junior. You can call or WhatsApp them anytime for any queries.
Types of GST Returns Handled by Taxamicus GST Services
- GSTR-1 (Sales/Outward Supplies)
- GSTR-3B (Summary Return)
- GSTR-4 (Composition Scheme Filers)
- GSTR-9 (Annual Return)
- GSTR-9C (Reconciliation)
- GST TDS/TCS Return Filing
FAQ
To register for GST, you’ll need the following documents:
- PAN card of the business or applicant
- Proof of business registration or incorporation certificate
- Identity and address proof of promoters/directors
- Address proof of the business premises
- Bank account statement/canceled cheque
- Passport size photo
- Rent agreement/NOC
- Electricity Bill
- Other documents.
The frequency of filing GST Services returns depends on the type of taxpayer:
- Regular taxpayers: Monthly (GSTR-1 and GSTR-3B) or quarterly (for small taxpayers opting for the Quarterly Return Filing and Monthly Payment scheme).
- Composition scheme taxpayers: Quarterly (CMP-08) and an annual return (GSTR-4).
- Other filings include annual returns (GSTR-9) and reconciliation statements (GSTR-9C).
You can check the status of your GST registration or return filing by logging into the GST portal. Alternatively, our team provides regular updates and tracking of your registration/filing status as part of our service to ensure full compliance.
Yes, you can make amendments to your GST returns in subsequent periods. Any corrections or adjustments can be made in the return of the next filing period. However, amendments should be done within the deadlines specified, usually before the filing of the annual return (GSTR-9).
Any business whose aggregate turnover exceeds ₹20 lakh (₹10 lakh for North Eastern and hilly states) is required to register for GST. However, some businesses, such as e-commerce operators, are required to register irrespective of turnover.
Typically, GST registration takes 1-2 working days. If all documents are in order and there are no queries, the GSTIN is provided quickly.
No, businesses below the threshold turnover of ₹20 lakh (₹10 lakh for special category states) are not required to register under GST. However, businesses involved in interstate supply or e-commerce must register regardless of turnover.
If a business liable to register under GST fails to do so, the penalty is 10% of the tax due or ₹10,000, whichever is higher. If the tax evasion is deliberate, the penalty is 100% of the tax due.
All businesses registered under GST must file GST returns. This includes regular taxpayers, composition scheme dealers, casual taxable persons, and non-resident taxable persons.
The most common GST returns are:
- GSTR-1: Details of outward supplies (sales)
- GSTR-3B: Summary return with tax payment
- GSTR-9: Annual return
Additional returns like GSTR-2A, GSTR-4 (for composition scheme), and GSTR-7 (TDS) are also part of the filing process.
- Monthly: Regular taxpayers need to file GSTR-1 and GSTR-3B monthly.
- Quarterly: Taxpayers under the composition scheme file GSTR-4 quarterly.
- Annually: GSTR-9 must be filed once a year by regular taxpayers.
GSTR-3B is a summary return that taxpayers must file every month. It includes details of sales, input tax credit (ITC), and the payment of GST liability.
The deadlines for GST filing in India vary based on the type of return. Here are the general timelines:
GSTR-1 (Outward Supply):
- Monthly Filing: 11th of the following month.
- Quarterly Filing (for composition dealers): 18th of the month following the quarter.
GSTR-3B (Summary Return):
- Monthly Filing: 20th of the following month.
- Quarterly Filing (for composition dealers): 22nd or 24th of the month following the quarter, depending on the state.
GSTR-9 (Annual Return):
- Annual Filing: 31st December of the following financial year.
GSTR-4 (Composition Scheme):
- Quarterly Filing: 18th of the month following the quarter.
GSTR-7 (TDS Return):
- Monthly Filing: 10th of the following month.
GSTR-6 (ISD Return):
- Monthly Filing: 13th of the following month.
It’s important to stay updated, as the GST Council may revise these deadlines. Timely submissions are crucial to avoid penalties for late filing.
At Taxamicus, we provide personalized, expert advice backed by thorough knowledge of GST laws. Whether you are just starting or need in-depth clarification, we guarantee 99.8% accuracy in our responses, ensuring you make informed decisions.
You can ask about any aspect of GST registration, such as eligibility, required documents, steps involved, timelines, state-specific registration rules, and voluntary registration options.
Our team is committed to delivering detailed replies within 24-48 hours, helping you navigate your GST registration queries efficiently.
Yes, Taxamicus offers this query reply service at competitive and transparent pricing. We provide cost-effective solutions without any hidden charges.
GST cancellation refers to the process of deactivating your GST registration. You can apply for cancellation if:
- Your business has been discontinued or transferred.
- Your turnover falls below the GST threshold.
- You voluntarily registered and now wish to cancel.
- Your GST registration was obtained by fraud or non-compliance. Upon cancellation, you will no longer be required to file returns or pay GST.
To cancel your GST registration, you need to submit an application online through the GST portal (Form GST REG-16). Our team can assist you in the cancellation process, ensuring compliance with all required procedures and final return filings.
- GSTR-1: This is a monthly or quarterly return that provides details of all outward supplies (sales) made during the period.
- GSTR-3B: This is a monthly summary return that includes a summary of outward and inward supplies along with the tax liability. It is used to pay the actual GST liability for the period.
Yes, taxpayers under the composition scheme are required to file returns. They file quarterly returns (CMP-08) and an annual return (GSTR-4). The composition scheme offers a simplified process, but filing is still mandatory.
Missing the GST filing deadline can lead to late fees, interest on the tax due, and suspension of GST registration if not filed for an extended period. The late fee is typically ₹50 per day (₹20 per day for nil returns), subject to a maximum limit, and interest is charged at 18% per annum on the unpaid tax amount.
The validity of GST registration for regular taxpayers is permanent, provided all compliance requirements are met. However, for casual taxable persons and non-resident taxpayers, it is valid for a period of 90 days (extendable).
Yes, businesses with a turnover below the threshold limit can voluntarily register for GST. This can be beneficial to avail input tax credit (ITC) or to deal with GST-registered clients.
You can check the status of your GST registration application online by visiting the GST portal and using your ARN (Application Reference Number).
Yes, GST registration can be canceled if the business has been discontinued or if there is a change in the business constitution (e.g., partnership to sole proprietorship). You can apply for cancellation through the GST portal.
Yes, a business can have multiple GST registrations. If a business operates in more than one state, it must register separately for each state. Additionally, a business can have multiple GST registrations within the same state for different business verticals.
Late filing attracts a penalty of ₹50 per day (₹25 each for CGST and SGST) for normal returns and ₹20 per day (₹10 each for CGST and SGST) for nil returns, subject to a maximum limit. Interest on late payment of taxes is charged at 18% per annum.
No, once a GST return is filed, it cannot be revised. However, any errors or omissions can be corrected in the subsequent month’s return.
ITC is claimed through GSTR-3B based on eligible purchases. Businesses can claim a credit on the tax paid on inputs, which can be used to offset their output tax liability.
Missing a GST filing deadline results in a late fee, interest charges, and possible suspension of your GSTIN. Filing on time is essential to avoid these penalties and keep your business compliant.
No, GST returns must be filed online through the GST portal. However, offline utilities provided by the GST portal can be used to prepare returns and then upload them online.
Yes, beyond just replying to queries, we provide end-to-end support for the GST registration process. From gathering the right documents to submitting the application, we guide you every step of the way.
Absolutely! Our experts stay updated with the latest GST rules and regulations, ensuring you receive the most accurate and compliant information.
Taxamicus offers follow-up support, so if you have more questions or need further assistance, we are here to help until your issue is fully resolved.
You can submit your GST registration queries through our website’s contact form, via email, or by phone, and we’ll get back to you promptly.
With a deep understanding of tax processes and compliance, Taxamicus ensures precise, reliable, and timely support, tailored to your business needs, making us the go-to choice for your GST registration concerns.