GST (GOODS & SERVICES TAX)
The Goods and Services Tax (GST) was introduced in India in 2017, replacing multiple indirect taxes. GST has streamlined the tax system and has made it easier for businesses to comply with tax regulations. However, managing GST can still be a daunting task for businesses, which is where a GST Chartered Accountant (CA) can be of great help. In this blog post, we will discuss the types of services that a GST CA provides.
- GST Registration
- GST Return Filing
- GST Audit
- GST Advisory Services
- GST Compliance Management
Strategy
Analytics
Result
- Any business whose turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs for North Eastern and hill states).
- Every person who is registered under any previous law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST.
- When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.
- Anyone who drives inter-state supply of goods.
- Casual taxable person- supplying goods and/or services in a territory where GST is applicable, but he does not have a fixed place of business.
- Non-Resident taxable person supplying goods/services in a territory where GST applies, but he does not have a fixed place of business in India.
- Agents of a supplier.
- Those paying tax under the reverse charge mechanism.
- Input service distributor
- E-commerce operator or aggregator*
- Person who supplies via e-commerce aggregator.
- Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
