GST Services

GST Compliance

In today’s complex GST landscape, staying compliant and maximizing your tax benefits can be a daunting task. At Taxsaathi.com, we understand the intricacies of GST laws and offer comprehensive solutions tailored to your business needs. Our team of experienced GST experts provides end-to-end support, from registration and compliance to refunds and advisory services, ensuring you navigate the GST regime with confidence and efficiency. Trust us to be your partner in GST success.

GST Registration

Overview: We will guide you through the entire GST registration process, ensuring that your business is registered under the appropriate category and all the necessary information is provided to the tax authorities.

Key Services:

• New GST Registration: We will assist you in obtaining a new GST registration, including the preparation and filing of the required forms and documents, as per Section 25 of the CGST Act, 2017 and Rule 8 of the CGST Rules, 2017.
• Amendments and Cancellation: We will handle any changes or updates to your GST registration, such as changes in business details or cancellation of registration, as per Sections 28 and 29 of the CGST Act, 2017, and the corresponding rules.
• Revocation of cancellation: We will assist you in getting your GST registration restored as per the provisions of Section 30 of the CGST Act, if canceled by the GST authorities.

GST Periodical Returns

Overview: Our team of GST experts will help you prepare and file your monthly and quarterly, and annual GST returns in a timely and accurate manner, ensuring full compliance with the GST laws and regulations.

Key Services:

• GSTR-1 (Outward Supplies): We will assist you in the preparation and filing of the GSTR-1 return, which reports the details of your outward supplies, as per Section 37 of the CGST Act, 2017 and Rule 59 of the CGST Rules, 2017.
• GSTR-3B (Summary Return): We will help you prepare and file the GSTR-3B return, which is the summary return for reporting your GST liability and input tax credit, as per Section 39 of the CGST Act, 2017 and Rule 61 of the CGST Rules, 2017.
• GSTR-2B Reconciliation: We will make sure the compliance of Section 38 read with Rule 36(4) for the availment of ITC in GSTR-3B by reconciling the ITC booked in Books of Accounts with the ITC available in GSTR-2B.
• Other Periodic Returns: We will also help you with the preparation and filing of other periodic GST returns, such as GSTR-4, GSTR-6, and GSTR-7, as applicable to your business, in accordance with the relevant sections of the CGST Act, 2017 and the CGST Rules, 2017.

GST Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C)

Overview: We will assist you in the preparation and filing of the GST Annual Return (GSTR-9) and the GST Audit Reconciliation Statement (GSTR-9C), ensuring that all the relevant information is accurately reported and reconciled.

Key Services:

• GSTR-9 (Annual Return): We will help you compile the necessary data and prepare the GSTR-9 return, which provides a summary of your GST-related activities for the financial year, as per Section 44 of the CGST Act, 2017 and Rule 80 of the CGST Rules, 2017.
• Reconciliation of Books of Accounts: We will reconcile the details reported in your books of accounts with the GST returns filed, identifying any discrepancies or errors, as per the requirements of Section 35(5) of the CGST Act, 2017 and Rule 80 of the CGST Rules, 2017.
• GSTR-9C (Reconciliation Statement): We will assist you in the preparation of the GSTR-9C, which is the reconciliation statement that compares the details reported in your books of accounts with the GST returns filed, as per Section 35(5) of the CGST Act, 2017 and Rule 80 of the CGST Rules, 2017.
• Audit Support: We will provide support during the departmental GST audit, helping you respond to any queries or requests from the tax authorities, as per the provisions of Sections 65 and 66 of the CGST Act, 2017.

GST ITC Reconciliation

Overview: We will help you efficiently manage and reconcile your Input Tax Credit (ITC) to ensure that you claim all the eligible credits and avoid any leakages or disallowances.

Key Services:

• ITC Eligibility Review: We will review your purchases and expenses to determine the eligibility of the associated ITC claims, in accordance with the provisions of Sections 16 and 17 of the CGST Act, 2017 and the corresponding rules.
• ITC Reconciliation: We will reconcile the ITC claimed in your GST returns with the ITC available in your books of accounts, identifying any discrepancies or errors, as per the requirements of Section 16 of the CGST Act, 2017 and Rule 36 of the CGST Rules, 2017.
• ITC Optimization: We will provide recommendations to optimize your ITC claims, ensuring that you maximize the available credits while maintaining compliance with the GST laws and regulations.

E-invoice and E-way Bill Reconciliation

Overview: We will assist you in the reconciliation of your e-invoices and e-way bills, ensuring that your GST reporting is accurate and compliant with the applicable regulations.

Key Services:

• E-invoice Reconciliation: We will reconcile the e-invoices generated by your business with the details reported in your GST returns, identifying any discrepancies or errors, as per the provisions of Rule 48 of the CGST Rules, 2017.
• E-way Bill Reconciliation: We will help you reconcile the e-way bills generated for your goods’ movement with the details reported in your GST returns, ensuring compliance with the e-way bill requirements, as per Rule 138 of the CGST Rules, 2017.
• Reconciliation Reporting: We will provide you with detailed reports on the reconciliation of your e-invoices and e-way bills, highlighting any issues or areas for improvement.

GST LUT Filing

Overview: We will assist you in the filing of the Letter of Undertaking (LUT) with the GST authorities, enabling you to make zero-rated supplies (such as exports) without paying GST upfront, as per the provisions of Section 16 of the IGST Act, 2017 and the corresponding Rule 96A of the CGST Rules, 2017.

Key Services:

• LUT Application: We will prepare and file the LUT application on your behalf, ensuring that all the required information and documents are provided, as per the specified format and requirements.
• LUT Renewal: We will handle the renewal of your LUT before its expiry, maintaining the continuity of your zero-rated supply operations, as per the applicable provisions.
• LUT Compliance: We will monitor your LUT compliance and provide guidance on any changes or updates required to the LUT, as per the GST regulations.

Tax Compliances Related to Closure/Merger/Demerger/Amalgamation of Business

Overview: Our team will guide you through the GST-related compliances and requirements during the closure, merger, demerger, or amalgamation of your business, ensuring a smooth transition and compliance with the applicable laws.

Key Services:

• GST Closure Compliance: We will assist you in the closure of your GST registration, including the filing of final return, settlement of any outstanding liabilities, and the cancellation of the registration, as per Sections 29 and 45 of the CGST Act, 2017.
• Amalgamation/Merger/Demerger Compliance: We will help you navigate the GST-related compliances during the merger or demerger of your business, including the transfer of input tax credits and the alignment of your GST registrations, as per the provisions of Sections 18 and 41 of the CGST Act, 2017.

GST Advisory and Consultancy

GST LUT Filing

Overview: Our GST experts will provide comprehensive advisory services to help you navigate the complexities of the GST regime, responding to your queries and preparing detailed memos on various GST-related topics.

Key Services:

• Query Solving: We will address your GST-related queries, providing you with expert guidance and solutions to ensure your business remains compliant, as per the provisions of the CGST Act, 2017, the IGST Act, 2017, and the corresponding rules and notifications.
• Preparing Memos: We will research and prepare detailed memos on specific GST-related topics, such as the applicability of GST, rate classification, place of supply, and the optimal structuring of your business operations to minimize the GST burden, drawing upon the relevant sections of the GST laws and regulations.

GST Refund Services

Refund Due to Inverted Tax Structure

Overview: We will assist you in claiming refunds due to an inverted tax structure, where the rate of tax on inputs is higher than the rate of tax on output supplies, as per the provisions of Section 54(3) of the CGST Act, 2017.

Key Services:

• Identification of Inverted Tax Structure: We will analyze your business operations and identify any instances of an inverted tax structure, as per the provisions of Section 54(3) of the CGST Act, 2017.
• Refund Application: We will compute and file the refund application (Form GST RFD-01) on your behalf, ensuring that all the required documents and information are provided to the tax authorities, as per Rule 89 of the CGST Rules, 2017.
• Refund Tracking and Litigation: We will track the progress of your refund claim and, if necessary, represent you before the tax authorities or the appropriate appellate forums to secure the rightful refund, as per the provisions of Sections 54 and 55 of the CGST Act, 2017.

Refund Due to Export of Goods and Services

Overview: We will assist you in claiming refunds for the GST paid on the export of goods and services, enabling you to avail of the zero-rated supply benefits under the GST regime, as per the provisions of Section 16 of the IGST Act, 2017.

Key Services:

• Eligibility Evaluation: We will review your export transactions to determine your eligibility for GST refunds, in accordance with the provisions of Section 16 of the IGST Act, 2017.
• Refund Application: We will prepare and file the refund application (Form GST RFD-01) on your behalf, ensuring that all the required documents and information are provided to the tax authorities, as per Rule 89 of the CGST Rules, 2017.
• Refund Tracking and Litigation: We will track the progress of your refund claim and, if necessary, represent you before the tax authorities or the appropriate appellate forums to secure the rightful refund, as per the provisions of Sections 54 and 55 of the CGST Act, 2017.

Refund on Account of Supplies Made to SEZ

Overview: We will help you claim refunds for the GST paid on supplies made to Special Economic Zones (SEZs), which are treated as zero-rated supplies under the GST regime, as per the provisions of Section 16 of the IGST Act, 2017.

Key Services:

• Eligibility Evaluation: We will review your supplies made to SEZs to determine your eligibility for GST refunds, in accordance with the provisions of Section 16 of the IGST Act, 2017.
• Refund Application: We will prepare and file the refund application (Form GST RFD-01) on your behalf, ensuring that all the required documents and information are provided to the tax authorities, as per Rule 89 of the CGST Rules, 2017.
• Refund Tracking and Litigation: We will track the progress of your refund claim and, if necessary, represent you before the tax authorities or the appropriate appellate forums to secure the rightful refund, as per the provisions of Sections 54 and 55 of the CGST Act, 2017.

Other GST Refunds

Overview: In addition to the specific refund scenarios mentioned above, we will also assist you in claiming other types of GST refunds, such as those related to excess payment of tax, deemed exports, and any other refund scenarios as per the GST laws and regulations, in accordance with the provisions of Sections 54 and 55 of the CGST Act, 2017.

Key Services:

• Eligibility Analysis: We will analyze your business operations and transactions to identify any other scenarios where you may be eligible for GST refunds, as per the relevant sections of the CGST Act, 2017 and the IGST Act, 2017.
• Refund Application: We will prepare and file the appropriate refund application (Form GST RFD-01) on your behalf, ensuring that all the required documents and information are provided to the tax authorities, as per Rule 89 of the CGST Rules, 2017.
• Refund Tracking and Litigation: We will track the progress of your refund claim and, if necessary, represent you before the tax authorities or the appropriate appellate forums to secure the rightful refund, as per the provisions of Sections 54 and 55 of the CGST Act, 2017.

GST Review Services/Health check

Review of Outward Supplies, ITC Availment and Utilization, ITC Eligibility, HSN Classification, Tax Rates, and Reporting in Returns

Overview: Our team of GST experts will conduct a comprehensive review of your business operations and GST-related activities, ensuring that your GST reporting is accurate and compliant with the applicable laws and regulations.

Key Services:

• Outward Supplies Review: We will review your outward supplies, including the correct invoicing, tax rates, and reporting in the GST returns, as per the provisions of Sections 12, 13, and 31 of the CGST Act, 2017.
• ITC Availment and Utilization Review: We will analyze your input tax credit claims to ensure that the availment and utilization of ITC are in accordance with the provisions of Sections 16 and 17 of the CGST Act, 2017 and the corresponding rules.
• ITC Eligibility Review: We will assess the eligibility of your ITC claims based on the nature of your inputs, capital goods, and input services, as per the provisions of Sections 16 and 17 of the CGST Act, 2017.
• HSN/SAC Classification Review: We will review the HSN (Harmonized System of Nomenclature) classification of your products and SAC (Services Accounting Codes) for services to ensure that the correct tax rates are being applied, as per the GST Rate Schedules.
• Tax Rates Review: We will verify that the appropriate GST rates are being charged on your supplies, in line with the GST Rate Schedules and the relevant notifications.
• Reporting in Returns Review: We will review the accuracy and completeness of your GST returns, ensuring that all the relevant information is reported correctly, as per the provisions of Sections 37, 39, and 44 of the CGST Act, 2017 and the corresponding rules.

GST Litigation Support

Filing Appeals, Representation, and Liaising with Authorities, Replying to Notices

Overview: Our team of experienced GST experts will provide comprehensive litigation support, representing you before the tax authorities and handling any GST-related disputes or notices on your behalf, as per the provisions of Chapters XVIII and XIX of the CGST Act, 2017.

Key Services:

• Filing Appeals: We will assist you in filing appeals against any unfavorable GST assessments or orders, at various levels, including the First Appellate Authority, the Appellate Tribunal, the High Courts and the Supreme Court, as per the provisions of Sections 107, 112, 117 and 118 of the CGST Act, 2017.
• Representation and Liaisoning: We will represent you before the GST authorities, attending hearings, and liaising with them to ensure your interests are protected throughout the litigation process, as per the applicable provisions of the CGST Act, 2017 and the CGST Rules, 2017.
• Replying to Notices: We will help you prepare and submit responses to any GST-related notices or show-cause notices issued by the tax authorities, ensuring that all the relevant facts and arguments are presented effectively, as per the requirements of Sections 73, 74, and 75 of the CGST Act, 2017.

Indirect Tax Training

Accounting as per Tax Requirements

Overview: We will provide comprehensive training to your accounting and finance teams on the proper accounting treatment of GST-related transactions, ensuring that your financial records are aligned with the tax requirements.

Key Services:

• GST Accounting: We will train your team on the correct accounting entries for various GST-related transactions, such as input tax credit, output tax, and adjustments, as per the provisions of the CGST Act, 2017 and the CGST Rules, 2017.
• Reporting and Reconciliation: We will guide your team on the proper reporting of GST-related information in your books of accounts and the reconciliation of the same with your GST returns, in accordance with Sections 35 and 44 of the CGST Act, 2017 and the corresponding rules.
• Compliance and Audits: We will educate your team on the GST compliance requirements and best practices to ensure that your accounting practices withstand any GST audits or assessments, as per the provisions of Sections 65, 66, and 67 of the CGST Act, 2017.

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