GST
Registration, periodic and annual returns, input tax credit reconciliation and export filings.
Registration
The first question is whether registration is compulsory, which depends on the state, the nature of the supply and turnover, and then whether voluntary registration makes sense. The firm reviews this, prepares the application and responds to queries raised on it.
Returns
- GSTR-1, the statement of outward supplies
- GSTR-3B, the summary return and tax payment
- GSTR-9 and, where applicable, GSTR-9C, for the year
- QRMP and composition scheme filings, for those who qualify
Input tax credit
Credit claimed has to be supported by what suppliers report. Purchase records are reconciled with GSTR-2B and the Invoice Management System each period, blocked credits are identified, and missing invoices are followed up before the time to claim them runs out.
Exports of services
Exporters generally file a Letter of Undertaking so that exports can be made without paying IGST. The firm prepares the LUT and reviews whether a supply qualifies as an export.
Notices
Scrutiny queries, demand notices and appeals under GST are handled under notices and appeals.
Discuss your GST position
Enquiries by telephone or email are answered during working hours.