GST Advisory & Compliance Services - Expert GST Consultancy Solutions

At YKG Global, our GST compliance services are designed to ensure that businesses meet all aspects of GST compliance, offering hassle-free solutions. Managing the compliance of GST laws can be daunting due to the law's complexity and the need for expert guidance. Our team provides comprehensive support to make the process efficient and seamless, helping you understand GST compliance meaning and its practical applications for your business.

GST Registration: Key Requirements

Mandatory Threshold: Businesses with an annual turnover exceeding Rs. 20 lakhs (Rs. 10 lakhs for North Eastern and hill states) are required to register under GST.

Obligatory Registration:
Registration under GST is compulsory for specific categories, such as:

• E-commerce aggregators and operators.
• Casual taxable persons.
• Non-resident taxable persons.
• Suppliers operating under the reverse charge mechanism.

Non-Compliance Penalties:

• 10% penalty of the tax amount for genuine errors.
• 100% penalty for deliberate tax evasion.

Filing GST Returns: Timely Compliance

Timely and accurate filing of GST returns is critical to avoid penalties and ensure smooth refund processes.

Monthly Returns:

• GSTR-1: File by the 11th of every month.
• GSTR-3B: File by the 20th of every month.
• GSTR-6: For Input Service Distributors.

Quarterly Returns:

• GSTR-4: For composition dealers.

Annual Returns:

• GSTR-9: For regular taxpayers.
• GSTR-9A: For composition taxpayers.

Late Filing Penalty: Avoid penalties by filing returns within the prescribed deadlines.

GST Invoicing: Key Requirements

Every sale of goods or services must be documented with a GST-compliant invoice.

• Goods Invoices: Must be issued on or before the delivery date.
• Service Invoices: Can be issued within 30 days from the date of supply.
• Credit and Debit Notes: Issued for incorrect invoices or returned goods.

Why YKG Global for GST Compliance Services?

Our end-to-end support for GST compliance services includes:

• Return Filing: Monthly preparation and filing of GSTR-1, GSTR-3B, and GSTR-6, along with annual returns (GSTR-9 & GSTR-9A).
• Registration & Amendments: Assistance with GST registration, amendments, and handling departmental queries.
• E-Way Bill Assistance: Support in e-way bill generation and management.
• Data Reconciliation: Real-time reconciliation using our SmartRec system.
• Regulatory Updates: Regular updates on changes to GST laws and compliance requirements.
• Expert Advisory: In-depth guidance to ensure your business remains compliant with GST compliance laws.

With YKG Global’s GST compliance services, your business will navigate the complexities of GST compliance effortlessly. Trust our expertise to ensure full compliance while streamlining your tax processes. Stay ahead with YKG Global!