GST Compliance Services: Ensure 100% Compliance for Your Business

At YKG Corp, GST compliance services have been designed to help businesses stay compliant with GST laws by offering complete return-filing solutions. A lot of businesses are finding it hard to cope with the compliance requirements of GST themselves because of the ambiguity of the law and lack of in-house expertise. We are here to make the process smooth and hassle-free.

GST Registration knows how:

In case your business turnover exceeds Rs. 20 lakhs (Rs. 10 lakhs for North Eastern and hill states), then GST registration is mandatory.

There are some businesses for which registration under GST is obligatory, for instance, e-commerce aggregators and operators, casual taxable persons, non-resident taxable persons, and a person who supplies through an e-commerce aggregator and operator, liable to pay tax under the reverse charge mechanism.

Non-compliance with the registration to GST attracts penalties: 10% of the tax amount in cases of genuine errors and 100% in cases of deliberate tax evasion. Filing of GST Return The timely filing of GST returns is of paramount importance to avoid penalties and to make sure that refunds are taken care of smoothly. Monthly returns include GSTR-1, which has to be filed by the 11th of every month, and GSTR-3B, which has to be filed by the 20th of every month. Composition dealers have to file GSTR-4 every quarter. Input Service Distributors have to file GSTR-6 monthly.

Annual returns: GSTR-9 for regular taxpayers and GSTR-9A for composition taxpayers. The late filing of returns will attract penalties; hence they are to be filed on the prescribed date itself.

GST Invoicing

1. Under GST law, every sale of goods or services must be supported by an invoice.

2. Goods Invoices need to be raised on or before the date of delivery, while service invoices can be issued within 30 days from the date of supply

3. Subject to the nature of the supplier, different types of invoices are required.

4. When the amount in the invoice is wrong or goods are returned, credit or debit notes can be issued.

Our complete support for GST compliance entails:

• Monthly preparation and filing of returns, including GSTR-1, GSTR-3B, and GSTR-6.
• Filing Annual Returns (GSTR 9 & GSTR-9A).
• Respond to any type of query related to GST and update a business with new rules and changes.
• SmartRec System-assisted on-spot reconciliation of accounts
• GST Registration, Amendments, and Departmental Queries
• E-way bill Assistance, Generation Support
• End-to-end review of your data, approvals, and post-filing support