Goods and Services Tax (GST) is an indirect tax reform of modern India on the supply of goods and Services. It came into the effect from 1 July 2017. GST Law impacts majority forms of business and therefore it is crucial to be diligent and updated regarding the GST Law compliance.
Finance Mart has proven experience and skilled tax professionals to help the client in GST Registration, Invoicing, filing GST returns, Payment and proactively mapping GSTR-2A/2B credits with books. We are committed to helping our client in an efficient and reliable manner by ensuring that their GST compliance is managed on-time.
Our skilled and experienced tax professional help you to reduce manual process, over payments and errors on tax returns which may lead your business to unexpected penalties. We keep ourselves and our clients up-to-date with the GST Law and its amendments.
Our GST Compliance Service Includes,
1. GST Registration
Finance Mart helps small to large businesses and enterprise to obtain GST registration in a hassle-free manner. We help our client to obtain identifying opportunities for voluntary registration and associated benefits.
2. Invoicing under GST
Finance Mart helps customers to create and manage timely invoicing under GST.
Generally, there are 2 types of invoices to be issued in GST,
- Tax Invoice
- Bill of Supply
3. Payments of GST Liability
Finance Mart help a client to maintain an ELECTRONIC TAX LIABILITY in FORM GST PMT-1 on GST PORTAL.
Finance Mart help a client to calculated the monthly/Quarterly or any other applicable Tax payable on the transactions falling within the Purview of GST Law. Generally, Monthly calculation and Quarterly calculations of GST are done for the clients as per their applicable periodicity to pay the tax and file the return.
4. GST Returns Filing
Finance Mart is a one-stop solution for businesses and enterprises looking for an ideal partner to filing obligations for GST. Our GST return filing service includes a periodic review to the full preparation of tax returns and reconciliation against source data and documents.
5. Input Tax Credit Matching
Finance Mart help the client to claim Input Tax Credit in GST fulfillment of below 4 conditions.
- Possession of a tax invoice or debit note evidencing payment.
- Receipt of goods &/or services.
- Payment of tax to govt.
- Filing of return by supplier & buyer.
- Mapping of GST credit as Per Books vis-à-vis credit reflected on Portal.
Documents required for GST Registration
- Adhaar Card
- Bank Account information
- Digital Signature
- PAN Card
- Constitution of business
- Proof of appointment of authorized signatory
- Proof of principal/ additional place of business
