Advantages of getting registered under GST are given below
GST eliminates the double taxation effect. Which means when a business receives and pays GST, it will only have to pay the received access amount of GST to the government.
Before the GST regime, in the VAT structure, any business with a turnover of more than 5 Lakhs was liable to VAT. Also, service tax was exempted for service providers with a turnover of less than 10 lacs. But under the GST regime, this threshold has been increased to 20 Lakhs, which exempts many small traders and service providers.
To bring down the tax burden of the small business whose turnover is between 20-75 lakhs. The government has introduced a composition scheme. That benefits the small businesses by options to lower the taxes.
The process of GST from registration to filings is made online, and it is very simple. This has benefited new businesses as they do not have to take various registration such as VAT, Service tax, excise etc.
Earlier businesses have to take various registrations such as VAT, Service Tax, Excise, etc. And for each and every registration had a different return filings system. But now only GST registration is sufficient and only GST return filings is mandatory.
Before GST, certain industries in India were not organized. Such as construction, textiles, etc. Under GST there are provisions for online compliances and payments. This has brought in accountability and regulations to these industries.
Step 1: Client to share required documents and invoices
Step 2: Calculation of tax liability
Step 3: Uploading information
Step 4: Generation of Challan
Step 5: Making the payment
Step 6: OTP Verification
Step 7: Filing for returns
Step 8: Sharing the deliverables
a. Filed return copy
b. Payment Challan
We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.
All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.
We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.
We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.