GST Consultant

Manage your business and let us help you to manage your GST returns to make it a less hectic for you!

Are you in search of a Goods and Service Tax (GST) Consultant?

Then, here is the right location you have reached. We at EAdvisors (Online GST Consultant) will review your company’s accounting data and will look into the GST Compliances required. Before starting with the services that we deal in, we ensure to gain the utmost information of the client’s requirement in order to satisfy clients with our services.

EAdvisors aim to provide comfort to all our clients by creating an online platform for all business enterprises that are running. We at EAdvisors have designed an online platform for our valuable clients so that sending of documents can be done online in order to save time both of our client and of us as well. By just focusing on your business strategies sitting at your office, you can outsource your GST Return Filing to us. All your processes shall then be easy to be conducted online.

Need of GST Consultant

The prime reason why a GST consultant is necessary is, to manage “GST Litigation”. Handling cases and the legal proceeding is not a task of a common man. Only a professional, expert in that specific field shall be eligible to apply for GST Litigation. To make and send replies for show cause notices, do assessments, legal, handle legal disputes, litigations,etc.

Secondly, the knowledge and tricks required to handle GST Returns are with professionals like Chartered Accountants. And at EAdvisors we have a large number of professionals in our team. With the best of expertise our team has, we are always ready to give the best of services you require.

So, now I hope you are now convinced with the need of GST Consultant online. The tax advisor at EAdvisors will not only help you in the GST Registration Services but also in the future projects that you wish to begin.

To give you a glimpse of what all GST Services we provide, here is the detailed list.

1. GST Registration:

Why GST Registration is required?

Being the most fundamental requirement for the identification of taxpayers ensuring tax compliance, GST Registration is required. GST Registration includes obtaining a unique number that is known as GSTIN (Goods and Service Tax Identification Number) from the tax authorities for the purpose of collecting tax on behalf of the government and to avail ITC (Input Tax Credit) for inward supplies. Also, GST Registration is necessary because a taxpayer can neither collect tax from his customers nor claim input tax of the tax paid without obtaining GST No.

Benefits of GST registration

Registration under GST has its own benefits.  The benefits are as follows:-

1. As a taxpayer will then be legally recognized as a supplier of goods and services.
2. The taxpayer will be able to enjoy a seamless flow of Input Tax Credit from suppliers to recipients at the national level.

After gaining knowledge regarding the requirement of GST Registration, let us begin with knowing who all require to be registered under GST.

Who is liable to be registered under GST?

All the suppliers, supplying goods or rendering services in the market are required to be registered. It is mandatory for companies having a turnover of more than Rs. 20 Lakhs (in case of a supply of services) and Rs. 40 Lakhs (in case of a supply of goods) in a year to register under GST.

Person voluntarily wants to get registered under GST can also apply for registration.

The list of people who required registration is as follows: –

• Normal Taxpayer
• Composition Taxpayer
• Casual Taxable Person
• Input Service Distributor (ISD)
• Non-Resident Taxable Person
• Non-Resident Online Service Provider
• UN Body/ Embassy/ Other Notified Persons
• Special Economic Zone (SEZ) Developer/ Special Economic Zone (SEZ) Unit
• Tax Deductor at Source (TDS)/ Tax Collected at Source (TCS)

GST Registration Services with EAdvisors

• Noting down all the requirements of the client so that we can fulfill it accordingly. After this, it is necessary to see whether the client’s business is falling under the GST regime or not.
• After that, our expert shall be discussing with the client about the registration process, informing about the documents required and resolve queries of the clients.
• Drafting of registration application, drafting of NOC, authorization letter as per requirements of Goods and Services Tax, 2017 is the most crucial step that takes time. As, everything is to be done carefully in order to be in compliance under GST Act.
• Lastly, the certificate of registration will be issued to the client within 15-20 days itself.

2. GST Return Filing : filing of GST returns is considered as an easy process that can be done by anybody. However, preparing GST Returns needs full knowledge, expertise and efforts in this field to file the correct return on the GST portal. Only highly qualified professionals like Chartered Accountants have that unique knowledge to save you from penalty or provide you with an absolute refund and help you in the GST tax planning.

HEALTHY ADVICE: Investing today by consulting a GST tax consultant will definitely brighten up your business profits in the future.

3. GST Refund:As per Section 54 of the CGST/SGST Act, refund includes:
a) Balancing amount that is claimed in the return in the electronic cash ledger
b) Unutilized input tax credit (ITC) in respect of

• zero-rated supplies made without payment of tax; or
• where credit is accumulated on account of rate of tax on inputs higher that the rate of tax on output supplies (other than nil rated or fully exempt supplies)c) Tax paid by a specialized agency of United Nations or any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947, Consulate or Embassy of foreign countries on any inward supply.

Claiming GST refunds is not possible by every person. Chartered Accountants having complete knowledge know how when and in what possible cases maximum refunds can be taken. So, it is advisable to search for the best GST Consultant in Delhi for your business.

4. GST Litigation: The litigations under GST includes:-

• replying to show cause notices
• appeals
• replying to appeal
• cross objections
• revised applications
• appearance before adjudicating authorities, appellate authorities, tribunals and high court.

All these litigations can be simplified by appointing a tax consultant for handling your GST litigation process, assessments and department audits.

5. E-Way Bill

For Inter-State movement of goods of consignment value exceeding Rs. 50,000, it is mandatory to prepare E-Way Bill. The supplier or the recipient or the transporter can themselves generate E-Way Bill.

6. E-Invoice

E-Invoicing (electronic billing) has become mandatory for all businesses having aggregate turnover exceeding the Rs. 5 Crore limit in any of the previous financial years. E-Invoice is a system in which B2B invoices are authenticated electronically. Under the E-Invoicing system, an identification number shall be allotted against every invoice issued.

E-Invoicing ensures real-time reporting of invoices that is uploaded on the Government portal which avoids manipulation of taxes. The GST Department has come up with E-Invoicing at it helps in improving the overall business efficiency.

GST Consultant can help you with right software which is inclusive of integrated accounting.

GST E-Invoice is an important provision that if not complied with attracts penalty. So, penalty for non-issuance of invoice is :- 100% of the tax due or INR 10,000 whichever is higher will be imposed for each instant of noncompliance of e-invoicing.

Save your fund from getting utilized negatively in penalties and appoint GST Tax Consultant

GST E-Invoice Update
As per CGST Notification 01/2022 released on 24^th Feb 2022, GST E-Invoice has been made mandatory for entities having a turnover of Rs. 20 Crore and above.

GST LATEST UPDATE

2^nd March, 2022 : Taxpayers having turnover more than Rs. 20 Cr. are eligible for e-invoicing System from 1^st April 2022.

7. GST Audit Services

Auditing is a complicated process that includes an examination of records, returns and other documents maintained by a taxable person. It is done in order to verify the correctness of turnover declared, taxes paid, refund claimed, input tax credit availed and access the compliances of GST.

Eligibility of GST Audit

Every business or registered person having annual turnover more than Rs. 2 Crore must get GST Audit done from a professional chartered accountant or cost accountant. The taxable person must get GST Audit done on or before 31^st December of the subsequent financial year.

There are in total three types of GST Audit. Namely,

1. Turnover-based Audit:- As per CGST Act, if turnover exceeds 2 crore, then the taxpayer has to get his accounts and records audited by Chartered Accountant or Cost Accountant.
2. Normal/ General Audit:- this type of audit is held when an order of commissioner is given by initiation 15 days prior notice. The Commissioner of CGST/SGST or any Officer authorised by him.

Special Audit:- When an order of Deputy/ Assistant Commissioner with prior approval of Commissioner is initiated then, a Chartered Accountant or Cost Accountant, nominated by the Commissioner shall perform the special audit.

8.  GST Assessment

Determining the tax liability under the GST Act is what is termed an “Assessment” which is inclusive of self-assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment. There are in total 6 types of assessments under GST. Here are the types of GST Assessments: –

• Self-assessment, covered under Section 59
• Provisional assessment, covered under Section 60
• Scrutinizing the filed returns, covered under Section 61
• Assessment of registered taxable person who failed to file tax returns, covered under Section 62
• Assessment of unregistered person covered under Section 63
• Summary Assessment, covered under Section 64

9. GST Consultant Service

EAdvisors have a team of experts qualified in every field. For getting your GST registration done, you can consult EAdvisors, the leading consultancy firm in Delhi. Opting for GST Consultant will help you in carrying out tax related activities.

Running a business is not an easy task, it requires planning, expertise and most importantly right guidance. Not only for running or starting the business but also for future help as well “tax consultant” shall be beneficial.

Having a GST Consultant by your side will allow you to plan properly your funds and business. Whenever you will be in doubt, the tax adviser will be there to solve your doubts.

As per my opinion, spending some money in GST Consultant Services shall definitely help you in the long run of your business. So, do not wait for anybody and appoint the best GST Consultant near you.

10. GST Compliance

GST Compliance includes timely filing of monthly and annual returns, furnishing details of input credit used, taxes paid. It is a necessary task and that too an important one as it reduces the chances of scrutiny audits from GST officials of your business. If your business is not GST Compliant then, it can be risky for the business as heavy costs shall be required to be paid by the company.

Following the right process, adhering to all the rules and regulations, and adopting the latest amendments suggested by the GST department is all what a “GST Consultant” can help you with.

Other activities performed by GST Consultant on your behalf are:-

• A GST Consultant will review the accounting date of your company.
• He will review and assist in the Classification of the transaction under appropriate HSN/SAC code for goods/services.
• He will monthly reconcile all your GST returns
• The Tax assistant will help in determining the applicability of reverse charge mechanism.
• Help you in claiming refunds
• Replying to discrepancies arising in the process of GST Registration or GST filing.