Businesses must file their returns via the GST portal administered by the Government of India on a monthly, quarterly, and annual basis as part of the GST regime. For GST Return Filing, they must supply information on the sales and purchases of goods and services, as well as the taxes received and paid. We take care of all of your filing needs and make sure you're in compliance with the law.

What is GST and how do I register for it?

Every corporate entity must get a unique tax authority number as part of the GST Law's registration process, which allows it to collect tax on behalf of the government and claim Input Tax Credits on the taxes it pays on its inward supplies. Those who have an aggregate revenue for the sale of goods of more than Rs 40 Lacs per year (Rs 40 Lacs with effect from 01/04/2019) must register under Section 22 of the Central Goods and Services Tax Act, 2017. The criterion for North-Eastern states is Rs 20 Lacs. For services, states in the standard category have a limit of 20 lacs, while states in the special category have a limit of 10 lacs. Furthermore, taxpayers with a turnover of less than Rs.1.5 crore can choose for a composition scheme to bypass onerous GST processes and pay GST at a fixed rate.

What are the benefits when you register for GST?

There will be no more escalating taxes.

Under GST, indirect taxes are divided into two categories: central taxes and state taxes. "Tax on tax" is no longer an issue with this approach. Small firms will benefit from increased immediate savings as a result of this. If you own a start-up, you can access low-interest financing to explore new options in addition to tax savings.

It is now easy to start a business.

When doing business across state lines, one of the key benefits of GST registration for SMEs is that new enterprises will no longer have to comply with several taxes in different states. The GST has enabled a centralised registration process, which would simplify the process of launching a new firm and eliminate the high expenditures associated with separate state tax legislation.