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GST – Goods & Service Tax
The Goods and Services Tax (GST) has consolidated a plethora of indirect taxes levied by the Centre and states into a common tax. It eradicated the multiplicity of taxes thereby reducing the complexity and removing the cascading effect of taxes. Present taxes levied on the sale of goods or services by either Central or State governments are embraced under the GST regime.
Company Capabilities
- GST Registration
- GST Returns
- GST Amendments
- GST Audits
- GST Assessment
- GST Compliances
Goods and Services Tax came into effect on July 1, 2017. Businesses are required to file monthly, quarterly and annual returns and those with turnover exceeding INR 2 crore will also have to file audit reports.
GST Refund Filing Procedure Advisory Firm
Any business entity that is previously registered under any of the existing tax regimes then it is mandatory to migrate under GST law irrespective of the threshold limits. For new Business entrants who are into supplying goods and services and not registered under any of the existing tax systems then they are liable to register under GST only when the total Turnover exceeds prescribed threshold limit in any financial year.