GST

Goods and Services Tax (GST)
Goods and Services Tax (GST) will become applicable w.e.f. 1stJuly, 2017 in all over India with the motto ‘One Nation One Tax’. GST is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition. To understand this, we need to understand the concepts under this definition. Let us start with the term ‘Multi-stage’. Now, there are multiple steps an item goes through from manufacturer or production to the final sale. Buying of raw material is the first stage. The second stage is production or manufacture. Then, there is the warehousing of materials. Next, comes the sale of the product to the retailer. And in the final stage, the retailer sells you – the end consumer – the product, completing its life cycle.

Under the GST regime, the tax is levied at every point of sale. In the case of intra-state sales, Central GST and State GST are charged. All the inter-state sales are chargeable to the Integrated GST.

HIGHLIGHTS OF GST
Being one of the leading Tax Consultancy Firm in Delhi, we provide the following GST related services to our clients:

•    Obtaining GST Registration
•    Filing of monthly, quarterly and Annual GST returns :
      GSTR-1, GSTR-3B, GSTR-4, GSTR-7, GSTR-8, GSTR-9, GSTR-9C, GSTR-10
•    Assisting in deposit of GST
•    Assisting in creation of Challan, is desired
•    Consultancy on GST on regular basis
•    Refund of GST from GST Department
•    Bond and Letter of Undertaking (LUT) related work for Exporters
•    Assisting in Internal Audit by GST Department
•    Assisting and representation in Show Cause Notice issued by Superintendent, GST Audit Department
•    Search Cases under GST
•    Contract review from GST perspective
•    Representation before relevant authority for GST appeal i.e., Commissioner, CESTAT

Due Dates