Frequently asked questions
Q1: Who needs to register for GST?
A: Any business or individual involved in the supply of goods or services with an annual turnover exceeding the threshold limit set by the authorities must register for GST.
Q2: How can I check if my business needs GST registration?
A: You can use our online eligibility checker tool or consult with our experts to assess whether your business meets the criteria for GST registration.
Q3: What documents are required for GST registration?
A: The required documents may include PAN card, Aadhaar card, business registration documents, bank statements, and address proof. Our consultants will guide you through the specific documentation needed.
Advisory Consultancy
Q4: Why do I need advisory consultancy for GST?
A: Advisory consultancy helps you understand the complex GST regulations, optimize your tax structure, and ensure compliance with the latest legal requirements. It's crucial for making informed business decisions.
Q5: How can your advisory services benefit my business?
A: Our experts provide strategic advice on GST planning, compliance, and risk management, helping you minimize tax liabilities and operate more efficiently in a rapidly changing regulatory environment.
Compliance, Review, and Filing
Q6: What is GST compliance, and why is it important?
A: GST compliance involves adhering to the rules and regulations set by the tax authorities. It is essential to avoid penalties, legal issues, and ensure the smooth functioning of your business.
Q7: Can you review our current GST compliance status?
A: Yes, our team can conduct a thorough review of your GST compliance to identify any gaps, errors, or areas for improvement. This helps in ensuring accurate filings and avoiding potential issues.
Q8: How often do I need to file GST returns?
A: The frequency of GST return filing depends on the type of business and its turnover. Our team will assess your specific requirements and ensure timely and accurate filing.
Return Preparation, Refunds, Reconciliation, and Audit Support
Q9: How do you prepare GST returns for my business?
A: Our experts will gather the necessary financial information, reconcile transactions, and prepare accurate GST returns in compliance with regulatory requirements.
Q10: Can you assist with GST refunds?
A: Yes, we can help you navigate the refund process, ensuring that you claim eligible refunds promptly and efficiently.
Q11: What is GST reconciliation, and why is it important?
A: GST reconciliation involves matching the data between your books of accounts and the GST returns filed. This process ensures accuracy and helps identify and rectify any discrepancies.
Q12: Do you provide support during GST audits?
A: Absolutely. Our team will guide you through the GST audit process, assisting in the preparation of required documents and representing your interests during the audit.