Goods and Services Tax Registration
GST (Goods and Services Tax) is a type of indirect tax implemented in India to replace multiple taxes with a single tax. GST is applicable on all goods and services that are sold in India, with a few exceptions.
Here are the main types of GST services:
- GST registration: Obtaining a GST identification number (GSTIN) is mandatory for businesses that exceed the turnover threshold.
- GST return filing: Businesses are required to file regular returns under GST to report their taxable supplies, inputs, and inputs tax credit.
- GST compliance: GST compliance refers to meeting the legal obligations and requirements under the GST laws. This includes timely filing of returns, payment of taxes, and maintaining proper records.
- GST audit: A GST audit is a comprehensive examination of a business’s GST compliance and financial records to ensure accuracy and compliance with GST laws.
- GST consulting: GST consulting services help businesses understand and comply with the GST laws, and can include assistance with GST registration, return filing, compliance, and audits.
- GST training: GST training services help businesses and individuals understand the GST laws, policies, and procedures, and provide knowledge on how to apply them in practice.