GST Advisory Service


If you are looking for consultancy on Goods and service tax (GST),Get Started today itself…!!!

Starting at Rs. 1,99,999*

– Business Model Optimization& ERP Process re-engineering
– Promote & give multi-jurisdictional GST regulations
– Compliance Reporting
– Advisory on audits by government / GST Authority
– GST Annual Compliance report to Board of directors

Goods and service tax (GST)

LegalRaasta is heading in GST Registration, compliance & audits. So it’s pretty clear that you will get the best services & advice from our experts. We perform a key part in promoting awareness of the GST and guide what steps our clients must take pre and post introduction of GST

GST i.e. Goods and Services Tax has been executed in July 2017 in India’s replaced plenty of indirect taxes such as excise duty, VAT, service tax, central sales tax, countervailing duty (CVD), etc. GST has far-reaching impacts for implicitly all businesses in terms of tax rates, overall tax incidence, input credits, distribution system, prices, and costs.

It was introduced for all the businesses in India GST Model Law. It will include a comprehensive study of GST, classification of changes to any long-term contracts, leading tax-code mapping for all transactions and a summary of the existing level of compliance.

Who can apply for GST Services?

  • Previous Law Converted Taxpayer- All people or companies listed under the Pre-GST tax laws like Service Tax or Excise or VAT, etc.

  • Turnover for Goods Provider- If you’re sales or turnover of goods is passing Rs. 40 lakh in a year. For the Special Category Status, the limit is Rs. 20 lakh in a year.

  • Turnover for Service Provider- If you are a service provider & sales or turnover is passing Rs. 20 lakh in a year then apply. For the Special Category Status, the limit is Rs. 10 lakh in a year

  • Casual Taxpayer- If you provide goods or services, in events/exhibitions, and not have a stable place of doing business. In such cases, GST is charged on the basis of an expected turnover of 90 days.

  • Agents of Suppliers or Input Service Distributor- All supplier agents and ISD, to get advantages of Input Tax Credit.

  • NRI Taxable Person- If you are an NRI or managing the business of NRI in India.

  • Reverse Charge Mechanism (RCM)- Businesses who require to pay taxes under the RCM also require to be GST registered.

  • E-Commerce Portals & Sellers- Every e-commerce portal like Amazon or Snapdeal under which various vendors are marketing their products.

  • Outside India Online Portal– For suppliers of online information and database access or retrieval services from a country outside India to Indian Residents.

  • Transferee– When the business has been shifted.

  • Inter-State Operations– Persons making an inter-state supply. No matter how much is turnover they have to apply for GST services.

  • Brands- Aggregator who provides service under his Brand or Trade Name.

  • Other Taxation– Persons who are expected to deduct tax u/s 37 (TDS) of the Income Tax Act.

  • Voluntary GST Registration– Any entity can get GST registration at any-time. Even when the above necessary conditions don’t apply to them.

  • Inter-State Registration– If you are a supplier in more than one state you require GST Registration in all the states that you supply goods or services to.

  • Branches- If your business has various branches in many states, register one particular branch as the main office or head office & the remaining branches as added. (Not applicable if the business has separate verticals as listed in Section 2 (18) of the CGST Act, 2017.)

The Special Category States under the GST Act are:

(a) Arunachal Pradesh, (b) Assam, (c) Sikkim, (d) Meghalaya, (e) Tripura, (f) Mizoram, (g) Manipur, (h) Nagaland, and (i) Himachal Pradesh. These states can pick for tax payable at a concessional rate.

Benefits of GST Registration

Needs for all businesses & companies

Businesses require to ensure:

  • Proper analysis in terms of HSN and SAC codes & the applicable tax rates (usually ranging from exempt to 28%)

  • Ascertain place of supply to learn the proper state for GST compliances and tax payments

  • Claim proper input tax credits were available and eliminate or defer input tax credits not available, even refunds or tax credits for exports

  • Determine & assure compliance with a reverse charge on inward supplies where applicable

  • Secure filing of periodic and annual tax returns in all state (or for each registered presence) based on applicability

  • The proper process for valuation in case of related party transactions

Thankfully, our indirect tax advisory experts are here to assist.

GST Advisory Services Includes

The Goods and Services Tax is the incorporation to eliminate multiple indirect taxes levied by the Centre & state government into a common tax. The GST tax has abolished the complexities associated with charging taxes in separate taxes. The businesses need to file monthly, quarterly and annual returns. The businesses with an annual turnover of more than 2 crores are also required to file an audit report.

Our range of services makes it smooth for you to comply with tax policies. Some of our extensive services are:

IT Functional Advisory

  • Considering the existing IT System, source blueprints and flowcharts shared with us, to give the tax triggers and mapping for all of the business transactions

  • Develop logics basis the modifications introduced in law including those for the transition of credits

  • Configuring tax rates and refreshing master file basis the scheduled rates

  • Advise on the reports to be created from the system for GST purposes;

  • Advice on the structuring of invoices, credit notes, debit notes, and other related documents

  • Administering UAT Testing of the GST version of the IT systems and Reporting the observations

  • Final testing of the IT systems and give an agreement report.

Customized GST Training

  • Customized in-house training for organizational terms for Finance, Taxation, Legal, Commercial, Sales and Marketing departments

  • Training for vendors, suppliers, and customers.

WHY CHOOSE LegalRaasta- SEARCH YOUR SUCCESSFUL STARTUP!

Testimonials

What our Customers say?

I have used multiple offline & online CAs/ Lawyers. LegalRaasta clearly provided the best service and fast.

Nitin Batra

CEO, CaterWow Pvt. Ltd.

Their team helped me protect my brand with trademark registration. The service was swift and delivered at half the cost.

Shilpa Khurana

Co-founder, Skillofy.com

I will highly recommend LegalRaasta for startups given its quality support and speed. And all this comes at a economical price.

Shikha Bhatia

Founder, Shiksha Learning Academy