facebook

Startup Club

One Stop Startup Shop

Call Us
+91-9468065626,
+91-9467843796

email id
info@startupclubindia.com

India's most effective & efficient platform for Startups Registration & their legalities
GST Return filing is now very simple with an online process. You can get your GST return filing on time with 100% accuracy. We, Startup Club India provide excellent service to taxpayers with all documentation procedures.
Get connected to our Startup Expert Team
4.8 5.0

Trusted By :

GST Consultancy

An Overview - GST Consultancy Services in India

GST is an indirect tax implemented by the government of India on 1st july 2017. It is levied on supply of goods and services within India. The seller collects GST on goods or services from the buyer and deposit the same to the government. It is implemented with the motive of “One Nation One Tax”.

Service tax, Value Added Tax (VAT), Central Excise, and other indirect taxes were applied at various levels of the supply chain in India. Some taxes were governed by the states, while others were governed by the central government. On both products and services, there was no single and centralised tax. As a result, the Goods and Services Tax (GST) was implemented.

A business that has an annual revenue of more than Rs 20 lakhs (in case of Service)/ Rs. 40 Lakhs (In case of Goods) is required to register under the Goods and Services Tax. For North Eastern and hilly states designated as special category states, the maximum is set at Rs 10 lakhs.

Features of GST

The GST Council promotes principled diplomacy, and the members' statesmanship is undoubtedly impressive. The new GST system is well-supported by technology, and we may expect additional GST services to be digitalized in the coming months.

Here are some key features of Goods and Service Tax (GST):

  • The GST eliminates the tax cascading effect.
  • Higher threshold for mandatory registration.
  • Small-business composition scheme.
  • A simple and straightforward online procedure.
  • Easy and lesser compliance.
  • Defined compliance and procedure for E-commerce operators.
  • Increased logistical efficiency.
  • The un-organized sectors are now governed under GST.

Invoicing as per GST Law

A GST invoice is a bill or receipt for items supplied or services provided to a customer by a merchant or service provider. It specifies the services/products, as well as the total price owed.

Although there is no set structure for an invoice, invoicing regulations require that it have the following fields (only pertinent fields must be filled):

  • The supplier's name, address, and GSTIN;
  • A single or multiple-series serial number containing alphabets, numerals, or special symbols such as the hyphen, dash, or slash symbolised as “-” and “/” respectively, and any combination thereof, each unique for a financial year;
  • The date on which it was published;
  • The recipient's name, address, and GSTIN or UIN, if applicable;
  • If the recipient is unregistered and the amount of the taxable supply is fifty thousand rupees or more, the recipient's name and address, as well as the delivery address, as well as the name of the State and its code;
  • The HSN code for commodities or the Accounting Code for services;
  • A description of the product or service;
  • In the case of commodities, the quantity as well as the unit or Unique Quantity Code;
  • Total value of goods or services supplied, or both;
  • The taxable value of the provision of goods or services, or both, after any discount or abatement;
  • Tax rate (central, state, integrated, union territory, or cess);
  • The tax levied on taxable products or services (central tax, state tax, integrated tax, Union territory tax, or cess);
  • In the case of a supply made in the course of inter-State trade or commerce, the place of supply, as well as the name of the State;
  • The delivery address, if it differs from the source of supply;
  • Whether the tax is paid on a reverse charge basis;
  • The supplier's or his authorised representative's signature or digital signature.

GST Accounting in India

Every business, large or small, is responsible for preparing and maintaining accounting records in accordance with GST Law.

To avoid problems like raids and fines, it's always a good idea to maintain track of your finances and send information to governmental bodies.

It also aids in the tracking of money that enters the business on a regular basis, which aids in forecasting patterns, paying employees and suppliers, and repaying debts, among other things.

FAQs on GST Advisory Services

A GST return is a document that contains all of the information about your sales, purchases, sales tax (output tax), and tax on purchases (input tax). You must pay the tax liability that results from filing GST returns (money that you owe the government).
A GST invoice is a bill or receipt for items supplied or services provided to a customer by a merchant or service provider. It specifies the services/products, as well as the total price owed.
All businesses that are registered under the GST system are required to file GST returns. The filing procedure must be determined based on the nature of the company.

After successful GST registration, you will be provided with a unique 15-digits Identification Number as GSTIN.

Yes, you can register for GST online on GST portal.
There are no government charges for GST registration in India.
It take 5-7 working days to get GST Registration in India.

Why Startup Club India?

GST Return filing is now very simple with an online process. You can get your GST return filing on time with 100% accuracy. We, Startup Club India provide excellent service to taxpayers with all documentation procedures.

We will help you in

  • Computation of monthly GST liability
  • Monthly GST accounting
  • Payment of GST liability
  • GST Return Filing
  • GST Documentation
  • Google Reviews Reviews