GST - Goods and Services Tax

Indian businesses and entrepreneurs face several challenges, including complex and varied tax rates, complicated compliance requirements, and frequent delays in refunds. These issues lead to high compliance costs and penalties for non-filing of returns. Additionally, the excessive focus on compliance often comes at the expense of core business activities, hindering growth and efficiency.

Services under GST

GST Registration

Obtaining GST registration has become more difficult than before. Due to previous issues with fraudulent registrations, the process now involves rigorous verification. As a result, applications with errors are frequently rejected.

To ensure a smoother registration process, especially in urgent situations, we recommend seeking assistance from an expert.

GST Returns

GST has become a major topic of discussion, particularly due to the complexities of filing returns. A single delayed filing can result in penalties for late submission and financial losses for your buyers. With the frequent changes and updates in regulations, GST compliance has become a critical aspect of every business in India.

Export and GST refunds

Exporters in India face several challenges related to the Goods and Services Tax (GST). One major issue is the delay in GST refunds, which ties up working capital for exporters, affecting liquidity and business operations. Additionally, compliance with complex GST regulations can be burdensome, especially for small and medium enterprises. Another challenge is the misclassification of goods and services, leading to tax disputes. Exporters also face difficulties with the inverted duty structure, where the tax on inputs is higher than the tax on outputs, making it harder to recover costs efficiently.

E-Invoicing and E-way bill

Understanding e-invoicing and e-way bills is crucial and mandatory for running any business. Without compliance with these systems, sales and the movement of goods cannot proceed. E-way bills, in particular, come with their own set of complexities, such as handling 'bill to' and 'ship to' scenarios and managing delivery challans. Many businesses are incurring penalties due to errors or expired e-way bills, highlighting the importance of careful adherence to these regulations.