Details

Goods and Services Tax (GST) is a comprehensive indirect tax system applicable to the supply of goods and services in India. R V K & Associates offers professional assistance in obtaining GST registration and complying with periodic return filing obligations. Our services ensure accuracy, timely compliance, and alignment with applicable provisions of the CGST, SGST, and IGST Acts.

GST Registration Services:

1. Advisory on GST Applicability:

• Evaluation of whether GST registration is mandatory or voluntary

• Determination of thresholds based on turnover and nature of supply

• Clarification on inter-state supply, e-commerce transactions, and reverse charge applicability

2. Registration Process:

• Preparation and filing of online GST registration application (REG-01)

• Assistance with uploading necessary documents

• Coordination with GST department for clarification or response to queries

• Receipt of GSTIN and Certificate of Registration

3. Amendments and Cancellations:

• Filing of amendments in core or non-core fields of GST registration

• Application for cancellation of registration where applicable

• Revocation of cancellation, if required

GST Return Filing Services:

1. Periodic GST Returns:

• Preparation and filing of GSTR-1 (Outward Supply), GSTR-3B (Summary Return), and GSTR-9 (Annual Return)

• GSTR-4 for composition dealers and GSTR-7 for TDS deductors

• Timely reconciliation with books of accounts and GST portal data

2. Input Tax Credit (ITC) Reconciliation:

• Matching of purchase register with GSTR-2B

• Identification of mismatches and corrective actions

• Optimization of eligible ITC claims and reversal management

3. Compliance Monitoring:

• Maintaining GST compliance calendar and due date tracking

• Assistance in interest/penalty calculations for delayed filings

• Generation of reports for audit or internal control purposes

4. GST Audit Assistance (where applicable):

• Preparation of data required for GST audit

• Review of turnover, tax liability, ITC, and other key components

• Support during scrutiny or departmental enquiries

Industry-Specific Support:

• E-commerce GST compliance

• Export and SEZ-related GST documentation

• Input Service Distributor (ISD) and GST on reverse charge mechanism

Regulatory Compliance:

• Adherence to CGST, SGST, and IGST Acts

• Alignment with GST Council notifications and CBIC circulars

• Use of GSTN-approved filing systems and secure documentation handling