Goods & Service Tax

Goods and Services Tax (GST) is a value-added tax levied on the supply of goods and services in many countries around the world. It is designed to streamline and simplify the taxation system by replacing multiple indirect taxes with a single tax, which ultimately aims to reduce tax complexities and improve ease of doing business. GST is a consumption-based tax, meaning it is paid by the end consumer of the goods or services.

Key features of Goods and Services Tax include:

1. Single Tax System
2. Value-Added Tax
3. Input Tax Credit
4. Destination-Based Taxation
5. Threshold Limits
6. Economic Efficiency

Countries that have implemented GST include India, Australia, Canada, Singapore, Malaysia, and many others. While the principles of GST are similar, the specifics can vary from one country to another, including tax rates, exemptions, and implementation procedures. GST has the potential to simplify taxation and improve revenue collection for governments while benefiting businesses and consumers by reducing overall tax burdens.

Here, you can avail the following services from us.

• Registration under CGST Act
• Preparing and filing of GST Returns
• Preparing and filing of GST Annual Return
• Preparing and filing of GST Reconciliation statement as per GSTR 9C
• Preparing GST Reconciliation statement with various returns.