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Goods and Services Tax (GST) – GFX – Advisory Services
Filing of Vivad Se Vishwas Form now enabled for Appeals on orders u/s 143(1), 245R & Misc Applications.

Goods and Services Tax (GST)

GST Periodical Returns, Annual Returns and GST Audit Reports

We Provide assistance with Registering for GST, Obtaining Composition license, Filing GST Periodical Returns, Annual Returns, GST Refunds & Other GST Related services.

Key Expertise:
  • Assistance in choosing a tax-efficient ownership, management and operations structure
  • Analysis of tax structures and transactions in order to verify the correctness of the application of double tax treaties
  • Review of contracts and other primary documents from a tax perspective aimed at identifying potential fields of tax planning
  • Assistance in estimating the costs of implementing new solutions as we as identifying potential fields of tax planning
  • Advisory related to the tax aspects of the business activity of foreign enterprises in Mongolia and Mongolian businesses abroad
  • Reviews and analysis of cross border transactions and payments
  • Structure profit repatriation

ABOUT GST REGISTRATION

Concept

Goods and Services Tax is a consolidated indirect tax policy that  encompasses VAT, CST, Service Tax, Central Excise duty, Entertainment Tax, etc and is valid all over India with effect from 1st July 2017.

When to register for GST?

Mandatory to register under GST when annual turnover exceeds INR 40/20 lakh or supply goods and services inter-state or through e-commerce platform.

What are the GST tax rates?

Tax rates vary from 0% to 28% depends on the type of goods & nature of the services you are selling.

Input Tax Credit Availment

Only business unit registered under GST can avail credit of tax paid at the time of purchase while filing GST returns.

Return Filing & Payment

Every GST registrant requires to file three monthly/quarterly returns and One annual return. Requires paying tax every month.

Composition Scheme

Business Unit having an annual turnover less than INR1.5 crore may opt the scheme. Requires to pay subsidize tax ranges from 1% to 5% & file quarterly return.

WHEN GST REGISTRATION MANDATORY IN INDIA?

All taxpayers who have an annual turnover above ₹40 lakhs are required to get new GST registration.

If you supply goods or services in events/exhibition where you do not have a permanent place of business, you need to get online GST Registration before starting a business. Such a dealer has to pay GST on the basis of an estimated turnover of 90 days. The validity of causal GST Registration is 90 days.

NRI taxpayer, who does not have a place of business in India, wishes to start a business, then he has to apply for GST Registration in India before beginning operations in India. The validity of a new GST registration is 90 days.

All Input service distributor who wants carry-forward benefit of input tax credit requires gst registration.

A business who requires to pay tax under the reverse charge mechanism need gst registration

Every e-commerce portal (such as Amazon or Flipkart) under which multiple vendor’s selling their product requires gst registration.

Our GST Services

GST Registration

  • GST Regular License
  • GST Composition License
  • GST TDS Registration 
  •  

GST Returns

  • GSTR 1 : Outward Supplies
  • GSTR 3B : Periodical Returns
  • GSTR 9 : Annual Return
  • GSTR-4 : Composition Annual Return

TDS Returns

  • TDS Registrations
  • TDS Challan payments
  • TDS Quarterly Returns
  • Form 26Q
  • Form 24Q
  • TDS Reconciliations
  • Form 16/16A

Forms & Resources

Looking For A Reliable & Dedicated Partner?

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