GOODS & SERVICES TAX (GST) CONSULTANTS The GST journey began in the year 2017, and since then, it has come a long way in shaping our economy. All matters like registration, form filing, application for refund, or finding goods and service tax consultant in India etc. are taken care of by our skilled and efficient Chartered Accountants. It is our sole purpose and duty to take part in and to give way to a robust and open discussion surrounding accountable GST, increased transparency and the ensuring of taxation in an increasingly digitized and globalized world. GST Registration ●
GST Registration for new Assessee
Regular Routine Work ●
Filing of monthly, quarterly and Annual GST returns
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Assistance in deposit of GST to electronic cash ledger
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Consultancy on GST on regular basis
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Refund of GST from GST Department
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Bond and Letter of Undertaking (LUT) related work for Exporters
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Assisting in Internal Audit by GST Department
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Assisting and Representation in Show Cause Notice issued by Superintendent, GST Audit Department
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Search Cases under GST
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Contract review from GST perspective Representation before relevant authority for GST appeal i.e. Commissioner, C
Goods and Services Tax Consultant in Delhi, India The first mention about GST dates back to 2000 when the then Prime Minister of India, Shri Atal Bihari Vajpayee set up an Empowered committee to draft a review on GST under the headship of Asim Dasgupta, the then Finance Minister of West Bengal. Since then GST has moved through different phases of consideration, modification and ratification spanning over a period of 17 years before getting launched at the stroke of the midnight hour on 30th June-1st July 2017 by the President of India under the name of the Constitution (One Hundred and First Amendment) Act, 2016. After a long 14 years, GST has been introduced in our country with effect from 01.07.17. GST, the biggest tax reform of the country, has subsumed various taxes levied by the Central and State Governments.Businesses are required to file monthly, quarterly and annual returns and those with turnover exceeding INR 2 crores will also have to file audit reports. At G. K. Kedia & Co., we make sure that you get the best Goods and Services Tax Consultants in India. We provide support in Goods and Services Tax (GST) consultant in Delhi, Auditor in India , Auditor in Delhi , best chartered accountant in delhi .advisory, consultancy in every aspect of the GST sector i.e. in laws & procedures, registration, record keeping, filing of statements/returns, refunds, representations, opinions, litigations, etc, audit, annual and transitional compliances.
With the implementation of GST law in letter in spirit coupled with the lack of proper knowledge among the taxpayers, there would be a spate of litigation coming in the near future which would require: ● Drafting of replies to show cause notices ● Appeals ● Reply to appeal ● Cross objections and revision applications ● Appearances before Adjudicating authorities, Appellate authorities ● Tribunals and High Court
All of which can be taken care by our GST practitioners. Apart from GST, we also render services relating to Service Tax, Customs, Value-added Tax (VAT), Luxury Tax, Excise Duty, Auditor in Delhi,India etc. with the best chartered accountant in Delhi.
The points discussed in meetings are :❖ Petrol and Diesel :There where no judgment by GST Council on the proposal to bring petrol under the GST ambit . Sitharaman categorically said this wasn’t right time to try to do so and mentioned the matter was brought before the Council because of Kerala HC order. The GST Council will return to the Court with its rationale.
❖ Food Delivery Platform:“There is not any new tax,” the FM said on reports about GST on food order from Zomato NSE -2.47 % attempt to Swiggy. “E-commerce operators Swiggy and Zomato to pay GST on restaurant service supplied through them, and tax to be charged at point of delivery,” she added. “Regarding Swiggy-like operators and gig offices, it’s been decided that since the place where food is delivered are the purpose where tax is collected, the Swiggy-like operator who is collecting tax pays up the GST on that,” Sitharaman said.
Everything you need to know about GST & GST AUDITS
GST is introduced by Finance Minister of India on 1st july 2017 . It is called one nation, one tax . It is a two tier system . Under GST structure both central and state govt levied a tax respectively.it leads to removal of cascading effect. Tax paid on inputs and services is taken as credit while making payment of GST on outward supplies. Types of GST audit
Types
Performed by
When initiated
Turnover based audit
Chartered accountant or cost accountant appointed by the taxpayer u/s 35(5) CGST Act, 2017
If the aggregate turnover of registered person during a financial year exceeds two crore rupees specified in 80(3) of CGST Rules, 2017.
Normal audit/general audit
Commissioner or any other officer authorized by him. In terms of Section 65 of the CGST Act, 2017 read with Section 20(xiv) of the IGST Act, 2017 and Section 21(xv) of UTGST Act, 2017.
On order of commissioner by giving 15 days prior notice
Special audit
A chartered accountant or cost accountant in terms of Section 66 of CGST Act, 2017 read with Rule 102 of CGST Rules, 2017.
On order of deputy/assistant commissioner with prior approval of commissioner
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