The Goods and repair Tax (GST) has been the most important game-changing step within the Indian economy. By introducing this tax , taxes including Service Tax, State VAT/ nuisance tax , Central Excise Duty, Entertainment Tax, Purchase Tax, Luxury Tax, Surcharges and Cess, and lots of others taxes are replaced by GST. From Dominion Day , 2017, onwards, GST has replaced India’s current complex State and Central tax structure to form a standard market with an unlined tax regime.
Now, Goods and repair Tax is practiced as one tax for the entire nation applied on the availability of products and services that starts from the manufacturer to the buyer . This tax affects every a part of the companies from Cash Flows to Financial Reporting to Tax Accounting & reporting to pricing to profitability to provide chain to marketing then on.
But most of the business people have only the surface level knowledge or understanding of GST, there are only few big corporates who have the knowledge on the way to handle GST. the tiny business people have facing multiple challenges in handling GST; they're not only struggling in understanding but also in various aspects and subtleties of GST regime. Most of them also are clueless in choosing the proper one that can handle GST registration online and GST filing process for his or her business.
Not all businesses are an equivalent , all has different needs and requirements, so all has got to develop or look for their customized solutions which will be fitted to their business and wishes . And, due to the intensive growth of technical solutions, most of the business owners aren't during a place to work out or to repair the partner or solution during a steady manner. Here is that the place where GST consultant comes in, they're the people that are experts in GST and its filing procedures. A GST Practitioner is a private who is permitted by the Central or government to execute all tax-related process or activities on behalf of any business people in India.
Why we'd like a GST Consultant for Companies or Businesses
This GST has been transformed the transportation and logistics sector and has created multiple opportunities within the business supply chain. By understanding and applying this, companies or businesses can also now simplify and strengthen their distribution networks. And to assist the business owners to know this method of revamping their business supply networks and while adopting the GST law and procedures, a GST Consultant can advise and guide them during a better way. Such a consultant also can support your business on the way to handle your IT systems in various areas like an invoice, purchasing, and financial reporting then on.
Role of GST Consultant
These are the tax-related activities during which a GST consultant can guide you:
-> File an application or apply for GST registration
-> File an application for cancellation or modification of GST registration
-> Provide or explain of outward and inward supplies
-> Provide the small print of monthly, quarterly, annual and final GST returns
-> Making payments on behalf of their customers for credit into the electronic cash ledger, like payments for tax, penalty, interest, fees or the other amount.
-> File a claim for any refund for the above payments
-> Represent the taxable person in any process under the Act, excluding inspection, seizure, search, and arrest
-> Filing an appeal to the primary Appellate Authority
-> Filing an appeal to the Appellate Tribunal, this will be done only by a CA/CS/ICWA/Advocate.
Services provided by GST Consultants of Kanakkupillai
From the introduction of the GST bill, the demand for Best GST Consultants in India has also got up. We at Kanakkupillai with GST professional provide expert advice, support and guidance to varied organizations and different businesses which deals with the sale and buy of products . Our GST consultants provide upmost support and advice to all or any sort of businesses to implement their GST program effectively; We not only stop with the mere support but also train them about the GST and related scheme, and educate them with all needed details that help them within the implications of GST Law.
As the compliance of GST may present some unique challenges during which an expert GST Consultant can help the corporate to form everything smooth that's GST Implementation & Transition, GST Training and GST Law Implications.
Who are GST Consultants?
GST consultant may be a professional who can simplify and consolidate the logistics and transportation sector of the business and to assist the organization to know what's GST and the way the availability chain and operations work with GST law and to get down GST procedures to your business.
They guide the business to revamp your IT systems, like purchasing, invoicing and financial reporting to account as per the tax structures. Basically, experts in Indian Economy, Chartered accountants and operation consulting professionals are considered as GST professionals as they will provide knowledgeable services to all or any quite business-related queries. We at Kanakkupillai have an expert team of execs who are best in handling all kinds of business-related activities.
Here are the services provided by Professional GST Consultant
GST Registration: GST registration procedure are often done through a web portal which is maintained by the govt of India. GST professionals can get GST registration for your business during a short span of your time .
GST Returns: it's mandatory as per the GST Act, that each registered entity need to submit the small print of their sales and purchases counting tax paid and picked up thereon by filing GST returns regularly. GST Consultant team will handle this for you and allow you to specialise in your business.
GST Compliances: GST Consultant will update you with all new compliances that are announced by GST Council.
GST Assessment: GST Consultant can guide and assist you within the complete process of GST assessment executed by tax authorities.
GST Amendments: Once you register your business as goods and services taxpayer and if you would like to form any alteration or change in your submitted information of core or non-core fields like addition of place of business, change in address then on, you'll reach GST professionals as they're source where you'll bet better assistance.
GST Audits: With rich knowledge on GST, a GST Consultant or a GST team of execs , perform audits and prepares all needed audit reports for your business.