GST SERVICE 01
GST Registration
GST registration is the process through
which a person or business obtains a
Goods and Services Tax Identification
Number (GSTIN) and becomes registered
under the GST law, where registration
is applicable.
Who May Need Registration?
Businesses crossing the applicable
registration threshold and persons
covered by specific provisions of
GST law may be required to register.
GSTIN
A registered taxpayer receives a
unique 15-digit GST Identification
Number used for GST compliance and
identification.
Online Process
GST registration is generally
initiated through the GST portal
with business, promoter and
supporting document details.
Documentation
Documents can include PAN,
identity/address proof,
photographs, constitution documents
and principal place of business proof.
Purpose of GST Registration
GST registration establishes the
taxpayer's identity under the GST
framework and enables the registered
person to comply with applicable
GST provisions.
-
Obtain a GSTIN for the registered
business.
-
Issue GST tax invoices where
applicable.
-
Collect GST from customers when
legally applicable.
-
File applicable GST returns and
statements.
-
Claim eligible input tax credit
subject to applicable conditions.
Common Registration Details
|
Particular
|
Typical Information
|
|
Business Details
|
Legal name, trade name,
constitution and nature
of business
|
|
PAN
|
PAN of the business /
proprietor / entity as
applicable
|
|
Promoter / Partners
|
Details of proprietor,
partners, directors or
authorised persons
|
|
Business Address
|
Principal and additional
places of business
|
|
Bank Details
|
Applicable bank account
information and supporting
documents
|
Professional Assistance
We assist with GST registration,
document preparation, application
submission, clarification handling
and follow-up with the GST
authorities, as applicable.
GST SERVICE 02
GST Return Filing
GST return filing is the periodic
reporting of sales, purchases, output
tax, eligible input tax credit and
other required information to the GST
authorities through the prescribed
forms.
GSTR-1
Used for reporting applicable
outward supplies and invoice-level
details according to the taxpayer's
filing requirements.
GSTR-3B
A summary return used to declare
applicable outward tax liability
and input tax credit and discharge
the resulting tax liability.
Regular Compliance
Returns should be prepared and
filed according to the applicable
tax period and filing frequency.
Reconciliation
Sales records, purchase records,
books and available GST data can be
reconciled before filing.
GST Return Filing Process
-
Collect and verify sales invoices,
purchase invoices and other relevant
records.
-
Record the transactions correctly
in accounting software.
-
Reconcile outward supplies with
books and GST records.
-
Review eligible input tax credit
and relevant restrictions.
-
Prepare the applicable GST return.
-
Review tax payable / credit before
submission.
-
File the return within the
applicable statutory timeline.
-
Pay applicable tax, interest or
other amounts where required.
Important GST Returns
|
Return / Form
|
General Purpose
|
|
GSTR-1
|
Reporting of applicable
outward supplies
|
|
GSTR-3B
|
Summary declaration and
payment of applicable GST
|
|
CMP-08
|
Applicable statement for
taxpayers under the
composition scheme
|
|
GSTR-9
|
Annual return for
taxpayers to whom the
annual return requirement
applies
|
Why Reconciliation Matters
Differences between books of accounts,
sales records, purchase records,
e-invoice data, e-way bill information
and GST portal data can lead to
additional compliance work. Regular
reconciliation helps identify
discrepancies before filing.
Professional GST Return Support
We assist with return preparation,
data verification, reconciliation,
GST liability calculation, filing and
maintaining filing acknowledgements
and records.
GST SERVICE 03
GST Accounting
GST accounting involves recording
business transactions correctly with
appropriate GST treatment, maintaining
supporting records, reconciling tax
balances and preparing reliable data for
GST compliance.
Sales Accounting
Recording sales invoices with the
applicable GST treatment and
maintaining accurate customer
transaction records.
Purchase Accounting
Recording purchases and eligible
GST input tax credit based on
supporting documents and applicable
GST rules.
ITC Reconciliation
Comparing purchase records with
available GST data and identifying
mismatches that require review.
GST Ledgers
Maintaining appropriate GST input,
output, payable and related ledger
balances in the accounting system.
Key Areas of GST Accounting
-
GST-compliant sales invoice
recording.
-
Purchase invoice and input tax
credit recording.
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Output GST calculation.
-
Input GST calculation and
reconciliation.
-
Reverse Charge Mechanism (RCM)
transactions, where applicable.
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Debit note and credit note
accounting.
-
Export and other specialised
transaction accounting where
applicable.
-
Reconciliation of GST data with
books of accounts.
GST Accounting Flow
|
Stage
|
Accounting Activity
|
|
1. Transaction
|
Identify the nature of
sale or purchase
|
|
2. Invoice
|
Verify invoice details
and applicable GST
|
|
3. Entry
|
Record the transaction
in the accounting system
|
|
4. Reconciliation
|
Compare books with
available GST data
|
|
5. Return
|
Use verified accounting
data for applicable GST
returns
|
Documents & Records
Proper GST accounting requires
organised invoices, debit notes,
credit notes, purchase records,
sales records, payment records and
other supporting documents relevant
to the transactions.
Accounting + GST Compliance
Our accounting support is designed
to maintain accurate books while
keeping GST-related transaction data
organised for periodic reconciliation
and return filing.