GST Consultants in Pune

The economic system in India has seen a drastic change in 2016 as the government introduced and implemented Goods and Services Tax (GST) reform. It impacted all kinds and sizes of businesses in the country and the finance and revenue system.

As a result, the management owners came across various challenges related to the norms of GST implications. This is where the GST filing consultants in Pune can help your business.

If you have a business in Pune with a yearly turnover of Rs. 20 lakh and more, then GST registration consultants in Pune can help you with all your registration processes. The GST registration process starts with filling up an application form, but if you are looking to save time and effort or some assistance, a GST registration consultant in Pune will help you.

What Is The Process Of GST Registration?

Individuals and businesses can start and complete their GST registration via online mode. While many other entities might not necessarily need GST registration as per government guidelines, many GST consultants in Pune recommend that GST Registration in India can benefit even when done voluntarily.

New GST registration is not entirely a difficult task, but it does require understanding some aspects that might not be basic knowledge for all.

• You start your new GST registration process by filling out the application form. My Legal Clinic will provide you with all the assistance and support related to registration, amendment, cancellation, etc.
• Gathering the important details and documents after verifying being a taxpayer or GST practitioner is the next step. Part A of the form will require the legal business name, PAN details, business location, contact details, etc.
• The next step requires uploading all the required documents online. Consult your GST registration consultant to confirm that you are uploading the right documents.
• You will receive an Application Reference Number via the verified phone number or/and email as you complete filling the Part B of the form.
• If your business has various service locations in different locations, you will have to fill out a separate registration process for each state. You can always rely on a GST registration consultant from My Legal Clinic.

Are You Eligible For GST?

If you are a supplier of agricultural produce from cultivation, while you make only exempt supplies of goods and services or supplies that are categorized under reverse charge, the government of India doesn’t require you to file for GST registration. However, according to the GST tax consultant in Pune, registering under GST composition will help you reduce the tax burden.

Take a look at which cases you are eligible for GST registration:

• If you are registered under pre-GST law
• If your business has a turnover of and above 20 lakhs for hilly and North-Eastern states and 40 lakhs for small businesses
• If you are a taxable non-resident Indian
• If you pay tax under the reverse charge mechanism
• If you are an e-commerce aggregator
• If you are eligible for TDS
• If you are involved in the provision of online information, retrieval of services or database access

What Type of Documentation Will the Does Process Require?

The documentation process is perhaps the most important process that requires careful management. If you are facing issues understanding anything, you can always hire GST consultants in Pune before submitting it to authorities for verification purposes.

The documents that will be required for this purpose are Permanent Account Number (PAN), proof of address, Aadhar card, bank account statement/canceled cheque, identity proof, digital signature, proof of business registration, ID proof, and address proof of business-related important person, a letter of authorization, etc.

GST Return Filling: What Is It?

If you are a business under the GST regime, it is mandatory for you to complete GST return filing. All dealers who are registered under GST file annual and monthly returns. This is not a hassle because you can do it online with ease. My Legal Clinic has some of the best GST consultants in Pune who can help you with all GST-related requirements.

A GST return tax is a document that includes all the details of income and sales or expense/purchase, and as a taxpayer, you must file with the tax administrative authorities. Using this return file, your tax authorities will evaluate your net tax liability. The GST returns include filing of purchases, sales, output GST, and input tax credit.

GST Registration Fees

You can register for Goods and Services Tax (GST) without paying any fee, provided that you do it all yourself.

While some are confident enough to go ahead with GST registration without any professional help, others, due to lack of proper basic knowledge or lack of required time might need professional GST consultants in Pune to help them with the whole process.

What If You Don’t Register For GST?

If you qualify under the eligibility criteria for paying GST, it is important that you go through GST registration. If you have been avoiding filing GST registration all along or avoiding tax payments, or if you are not making full payment, you will receive a penalty.

You will be penalized under tax evasion, and as an offender, you will be paying 100% of the tax amount due.

Conclusion

My Legal Clinic provides a simplified process for all the applicants in Pune, assisting them closely with all the paperwork and legal terms. By choosing a professional from My Legal Clinic, you can ensure a smooth process of GST filing. They have professional consultants that are experienced and certified and give you the advantage of hiring a firm over an individual.

If you want to avoid any legal obligation and stay up to date with upcoming and updated tax laws, get in touch with My Legal Clinic experts immediately.