GST is a huge tax reform in India post-Independence. GST is a single comprehensive tax levied on goods and services consumed in an economy. GST is levied at every stage of production-distribution chain with applicable set offs in respect of the tax paid at previous stages. It is basically a tax on final consumption.
GST will simplify indirect taxation, reduce complexities and remove the cascading effect. Under the old system, each taxable event was subject to multiple taxes such as excise, VAT/ CST and service tax. But under GST, products/services will no longer have multiple taxes and there won’t be any requirement to comply with different indirect taxation laws/regulations.
We have a professionalized team handling GST and is always updated with the latest amendments. Our GST’s bouquet of services provides holistic solution in order to enable our client’s to fulfil statutory compliances in a timely and hassle-free manner.
GST Return Filing
Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected and paid thereon, respectively, by filing online returns.
Under GST regime, filing GST return is crucial as non-compliance and delay in filing will result in interest, penalties and adversely affect compliance rating and timely refunds.
Let’s start your company