GST Consulting Services

Overview

Goods and Services Tax (GST) has transformed the indirect tax structure in India, creating a unified taxation system across states. Professional GST consulting services assist organizations in managing compliance, understanding regulatory changes, and addressing tax-related matters.

Our Specialized Services

GST Registration

End-to-end support for new GST registrations, amendments to existing licenses, and cancellation procedures.

Returns & Compliance

Precise preparation and filing of GSTR-1, GSTR-3B, and GSTR-9 annual returns ensuring 100% accuracy.

GST Advisory

Strategic interpretation of regulations and impact analysis for complex business transactions.

GSTN Portal Support

Technical assistance with the GST Network portal, including reconciliation and digital reporting.

Audit & Documentation

Professional support during GST audits, statutory reviews, and departmental queries.

ITC Reconciliation

Thorough matching of Input Tax Credits with vendor filings to prevent tax leakage.

The threshold exemption limit would be Rs. 20 lac. For special category States enumerated in article 279A of the Constitution, threshold exemption limit has been fixed at Rs. 10 lac.
Composition threshold shall be Rs. 50 lac. Composition scheme shall not be available to inter-State suppliers, service providers (except restaurant service) and specified category of manufacturers.
Existing tax incentive schemes of Central or State governments may be continued by respective government by way of reimbursement through budgetary route. The schemes, in the present form, would not continue in GST.
There would be four tax rates namely 5%, 12%, 18% and 28%. Besides, some goods and services would be under the list of exempt items. Rate for precious metals is yet to be fixed. A cess over the peak rate of 28% on certain specified luxury and sin goods would be imposed for a period of five years to compensate States for any revenue loss on account of implementation of GST.
The five laws namely CGST Law, UTGST Law, IGST Law, SGST Law and GST Compensation Law have been recommended.
In order to ensure single interface, all administrative control over 90% of taxpayers having turnover below Rs. 1.5 crore would vest with State tax administration and 10% with the Central tax administration. Further all administrative control over taxpayers having turnover above Rs. 1.5 crore shall be divided equally in the ratio of 50% each for the Central and State tax administration.
Powers under the IGST Act shall also be cross-empowered on the same basis as under CGST and SGST Acts with few exceptions.
Power to collect GST in territorial waters shall be delegated by Central Government to the States.
Formula and mechanism for GST Compensation Cess has been finalised.
Four rules on input tax credit, composition levy, transitional provisions and valuation have been recommended. Further five Rules on registration, invoice, payments, returns and refund have also been recommended.

GST would be applicable on supply of goods or services as against the present concept of tax on manufacture or sale.
GST would be based on the principle of destination based consumption taxation as against the present principle of origin based taxation.
It would be a dual GST with the Centre and the States simultaneously levying it on a common base through CGST and SGST. Union territories without legislature would levy UTGST.
An Integrated GST (IGST) would be levied on inter-State supply (including stock transfers) of goods or services.
Import of goods would be treated as inter-State supplies and would be subject to IGST in addition to customs duties.
Import of services would be treated as inter-State supplies and would be subject to IGST.
CGST, SGST / UTGST and IGST would be levied at rates agreed upon by the Centre and States under GST Council.
GST would replace several Central taxes such as Central Excise Duty, Additional Duties of Excise, Additional Duties of Customs (CVD), Special Additional Duty of Customs (SAD), Service Tax and related cesses and surcharges.
State taxes subsumed within GST include State VAT, Central Sales Tax, Purchase Tax, Luxury Tax, Entry Tax, Entertainment Tax (except local bodies), Taxes on advertisements, Taxes on lotteries, betting and gambling.
GST would apply to all goods and services except Alcohol for human consumption.
GST on petroleum products (Crude, Petrol, Diesel, ATF and Natural Gas) would apply from a future date recommended by the GST Council.
Tobacco and tobacco products would be subject to GST while Central Excise duty would continue.
A common threshold exemption would apply to both CGST and SGST for taxpayers with turnover up to Rs. 20 lac (Rs. 10 lac for special category States).
A compounding option would be available to small taxpayers with annual turnover up to Rs. 50 lac.
The list of exempt goods and services would be kept minimal and harmonized across States.
Exports would be zero-rated.
Input Tax Credit (ITC) rules allow credit utilization in a specific order between CGST, SGST, UTGST and IGST.
ITC of CGST cannot be used for payment of SGST/UTGST and vice versa.
Accounts would be settled periodically between Centre and States to ensure correct credit transfers.
Input Tax Credit would be broad-based covering taxes paid on goods or services used for business.
Electronic filing of returns would be mandatory for different classes of taxpayers.
Multiple payment modes including internet banking, debit/credit card, NEFT and RTGS would be available.
Certain recipients including government departments must deduct 1% TDS when contract value exceeds Rs. 2.5 lac.
Refund claims must generally be filed within two years from the relevant date.
E-commerce operators must collect tax at source (TCS) up to 1% on supplies through their portals.
Self-assessment of taxes payable by registered persons would be the standard system.
Audit of registered persons would verify compliance with GST provisions.
Demand for tax in normal cases can be raised within three years from the due date of annual return.
In cases involving fraud or suppression, demand can be raised within five years.
Arrears of tax can be recovered through various recovery modes including detention or sale of property.
Officers would have powers of inspection, search, seizure and arrest within defined limits.
A Goods and Services Tax Appellate Tribunal would hear appeals against orders of Appellate Authority.
Penalties are prescribed for contravention of GST provisions.
Advance Ruling Authorities would provide binding clarifications on GST matters.
An anti-profiteering clause ensures that tax reduction benefits reach consumers.
Detailed transitional provisions were created for smooth migration from the previous tax regime to GST.

Frequently Asked Questions

What are GST consulting services?

GST consulting services involve providing guidance and support to businesses in matters related to GST registration, compliance, return filing, advisory, and GSTN portal processes.

Who requires GST consulting services?

Businesses registered under GST, startups, manufacturers, service providers, and companies operating across multiple states may require GST consulting services to manage compliance requirements.

What is GSTN advisory?

GSTN advisory refers to assistance related to the GST Network portal, including return reconciliation, filing processes, and addressing portal-related compliance issues.

Is GST registration mandatory for all businesses?

GST registration is mandatory when businesses cross the prescribed turnover threshold or engage in specific categories of supply that require registration under GST regulations.

How can GST consulting help businesses?

GST consulting assists businesses in understanding regulatory requirements, maintaining compliance, managing tax reporting, and addressing GST-related matters.

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Phone : +91 9420442921
Email : ang@angca.com

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Phone : +91-7722063311

Tulasi Green, Office 1, B/H- D-Mart, Baner Road, Nandan Prospera Rd, Laxman Nagar, Baner, Pune, Maharashtra 411045
Phone : +91-9420442921