Frequently Asked Questions
Do I need an audit under GST?
GST audits are required for businesses with turnover exceeding ₹2 crore. Special audits may also be conducted by GST authorities.
What happens if I miss the GST return filing deadline?
Late filing attracts a penalty of ₹50 per day for regular returns and ₹20 per day for nil returns, along with interest on any outstanding tax liability.
Can I claim Input Tax Credit (ITC) on all purchases?
No, ITC can only be claimed on eligible purchases used for business purposes. Certain expenses like personal use, motor vehicles, and others are excluded.
What is the due date for GST return filing?
The due dates vary based on the type of return. For instance, GSTR-3B is due monthly or quarterly, while GSTR-9 (annual return) is due once a year.
Can you handle multi-state compliance for businesses?
Yes, our team is equipped to manage compliance across various states in India, including GST, TDS, and other regional requirements.
What if I only need a one-time service?
No problem! We offer both one-time and ongoing services to meet your specific needs.
Can I get help with late or pending tax filings?
Yes, we can assist with delayed filings and help you address penalties or notices from tax authorities.
Can you help with GST registration and filing?
Yes, we assist businesses with GST registration and handle monthly, quarterly, and annual GST filings to ensure compliance and avoid penalties.
What is the process for filing GST returns?
GST filing involves collecting sales and purchase data, reconciling with GSTR-2A, and filing the appropriate returns (GSTR-1, GSTR-3B, etc.) before the deadlines. Our experts handle the entire process to ensure compliance and avoid penalties.