The government of India has introduced and reformed the old tax schemes and given birth to GST. This scheme promises to give India an increase of 9% growth rate in the economy. With the Goods and Service Tax (GST), there would be four GST bills. They are Central GST (CGST), Integrated GST (IGST), Union Territory GST (UTGST), Bill To Compensate States. We all know that running a business can be a taxing job in itself.
Moreover, with the introduction of such a tax system, it must be managed in a business very carefully and efficiently. The GST tax system for business comes with difficulties. So, a professional is required to look after the job. The role is primarily played by chartered accountants, sales tax practitioners and lawyers. We at GVC Audit Accounts and Advisors have got you covered. Our consultancy service in Gurgaon. If your business cannot derive the desired profits, we are here to help you strategize differently. If the lack of knowledge in finance restricts your business, we can help you align finance to your business. We believe that the best legal services should be available to everyone, and that is why we have brought all professional services under one roof. We leave no stones unturned to help our customers whenever they need us.
GST consultant would be the one who would have authorization by the central government of India to perform all the tax-related services on behalf of the taxpayers.
There are specific steps required for this, and they are as follows: –
- First, you need to apply for new GST registration.
- If you already have an application and you want to edit it, or cancel it or renew it, you can do it too.
- Then comes providing the details of outward and inward supplies of the business.
- As a GST consultant, you need to provide annual, monthly, quarterly or final GST returns.
- It is the job of a GST consultant to pay the taxes accordingly or even penalties that are levied and clear the dues.
- File an appeal to the first appellate authority
- This step is a crucial one and can only be done by professionals such as a chartered accountant, lawyer etc. this is to file an appeal to the Appellate tribunal. This is a special court or committee which is specifically set up for the hearings of taxes.
So as it is pretty evident, handling all of these tasks is not an easy job. Thus you need to hire a GST consultant and for that our company is the best choice as we offer multiple services so that you do not have to go to other places for fulfilling different purposes. We have got you covered for all the things you require to establish a flourishing business with maximum profit. Most importantly, hiring a GST consultant is to avoid the complex process of filing GST returns and the other associated tasks. It is essential to file it at the current time to avoid unnecessary penalties. It is better to hand it over to a professional to avoid unnecessary hassle. Filing is not the only job that has to be carried out; you need to anticipate what might come in the future and various other aspects that might occur in the future. All these should be handled with dedication, and only n expert can do this job efficiently. Our company promises to take up all these complex tasks and deliver them without any concern.
