GST Return Filing

What is GST?

GST is a break-through in the taxation system as India progresses towards a highly structured system. Instead of falling prey to the multiple taxation systems, GST has brought in a new era which ensures that taxation system becomes logical, easy to understand and well structured.

The Goods and Service Tax (GST) has been a biggest game changing reform in India's Indirect Tax Structure which has rightly attracted the heightened interest from all the stakeholders. From July 1, 2017 onwards, GST will replace India's current complex Central and State indirect tax structure to create a common market with a seamless indirect tax regime.

Goods and Service Tax is one indirect tax for the whole nation on the supply of goods and services, right from the manufacturer to the consumer. As GST will affect every part of the business of industry from Cash Flows, Financial Reporting, Tax Accounting & reporting, profitability, pricing, supply chain, ERP, contracts redesigning, IT, marketing etc.

GST

- Central idea is to avoid multiple imposing of taxes and make a uniform standardized taxation system. The Central and State government will levy GST simultaneously on every supply of goods and services at the same base.
- CGST - Center would levy as well as collect the Central Goods and Services tax on intrastate supply.
- SGST - States would levy and collect the State Goods and Services Tax for transactions made within the state.
- IGST - Integrated Goods and Services Tax would be levied and collected by the center for all Inter State supply or goods and services having been distributed with the state concerned.

Our portfolio of GST services in Ludhiana Punjab, that makes it easy for you to comply with this tax regime, comprises of:

GST Registration:

GST registration process under the new GST rules is done through an online portal that is maintained by the Central Government of India. Our experts can get your GST registration done in a short span of time.

GST Returns:

GST Act mandates every registered entity to furnish details of its sales and purchases including tax paid and collected thereon by filing GST returns Taxpayers must provide correct information to department as the system is designed so that all transactions are in synchronized with each other and no transaction is left unnoticed between buyers and sellers. GST team of us let you focus on your business, by filing your tax returns in compliance with GST regime.

GST Amendments:

Once you are registered as goods and services taxpayer and want to make any alteration in your details of core or non-core fields like change in address, addition of place of business etc., you may reach our GST experts for any assistance.

GST Audits:

Our team of professionals with rich knowledge on GST, perform audits and prepares required audit reports for its clients.

GST Assessment:

We can help you with your self-assessment of GST. Our team will assist you in whole process of assessment carried out by tax authorities.

GST Compliances:

We will keep you updated with any new compliances announced by GST Council.