Goods & Service Tax (GST)

GST Registration Filing Returns

Getting GST Ready

GST is India’s biggest tax reform till date and launched by government of India on 1st July’ 2017. Bass Legal can help you get new GST registration or migrate to GST with ease within quick turnaround time. GST has changed the way businesses transact and do business in India. As the reform is relatively new, we have trained our team to assist our clients at every stage of the process.

Haven’t got on board with GST yet? Bass legal is here to help your business get GSTIN and be future ready.

Get GST Registration & GST Filing

Registration

From 1st July, 2017 Goods and Services Tax has replaced Central and State level indirect taxes like VAT, Service tax, Excise etc. Businesses that are registered under VAT or Service Tax need to migrate to Goods & Services tax as per the enrolment plan of State Governments. It is applicable to you if your annual turnover is Rs.20 lakh or above.

Transition to GST

All existing Central Excise and Service Tax assesses and VAT dealers will be migrated to GST. To migrate to the new tax system, assesses would be provided a Provisional ID and Password by CBEC/ State Commercial Tax Departments. Bass Legal’s professional services would guide you throughout the process while your business makes a smooth transition.

GSTIN

An expected 8 million taxpayers will migrate from various platforms into GST. All of these businesses will be assigned a unique Goods and Services Tax Identification Number (GSTIN). Each taxpayer will be allotted a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN). PAN is absolutely mandatory for GST.

GST Compliance Rating

According to the model GST law, refund claims under the GST regime will also be processed on merit basis. It is expected that various taxpayers falling under various bandwidths of compliance rating and the instant refunds will be made in terms of percentage amount based on the individual rating of the taxpayer.

Accounts & Bookkeeping

Under GST all indirect taxes (excise, VAT, service tax) will get subsumed into one GST, thus reducing the number of accounts required to be maintained. While there will be initial transition challenges, GST will bring in much clarity in many areas of business. One of the areas is accounting and bookkeeping, where we can help your business.

Invoicing with GST

Invoice is issued on every sale/purchase. The invoice contains S.No. details of the product such as product name, description, quantity, etc. along with the details of supplier, purchaser, tax charged and other particulars such as discounts, terms of sale etc. Every business is required to furnish a GST invoice as per the new law.

GST Returns

Under the Goods & Services Tax law, a normal taxpayer will be required to furnish three returns monthly and one annual return. Similarly, there are separate returns for a taxpayer registered under the composition scheme, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS).

Input Tax Credit

Goods and Services tax allows businesses to claim input credit on the taxes paid on the purchases at the time of paying tax on output, you can reduce the tax you have already paid on inputs. It means that if you are a manufacturer, supplier, agent, e-commerce operator, or aggregator then you are eligible to claim input credit for tax paid by you on your purchases.

Composition Scheme

Composition scheme is available for tax payers whose turnover is not more than 50 Lakhs. Under this scheme the taxpayer need not maintain every record that is required under Goods & Services tax and he has to pay tax at the specified rate on the total turnover of the month. If your business is eligible, we can help you get started so that your business stays fully compliant.

How we help with GST registration?

Bass Legal can help your business obtain GST Registration in 7 to 12 days, subject to Government processing time.

GST Preparation

GST Preparation

We will prepare your GST registration application and collect your documents with signature in the format.

GST Filing

GST Filing

Once the application is prepared, we will file for registration under GST with the concerned Tax Department.

GST Registration

GST Registration

Once the attached supporting documents are verified, the Tax Department will allot GSTIN for your business.

GST Document Samples

Payment Voucher

View Sample

 

Export Invoice

View Sample

 

 

Refund Voucher

View Sample

 

Revised Invoice

View Sample

 

 

Debit Note

View Sample

 

Tax Invoice( Inter – State)

View Sample

 

Receipt Voucher

View Sample

 

 

Tax Invoice  (Intra – Sales)

View Sample

 

Bill of Supply

View Sample

 

Credit Note

View Sample

 

Important Dates

GSTR-3B (Mar 2018)

Apr 20th, 2018

GSTR-5 (Mar 2018)

Apr 20th, 2018

GSTR-6 (Jul’17 – Apr’18) May 31st, 2018 GSTR-4 (Jan-Mar, 2018) Apr 18th, 2018
GSTR-5A (Mar 2018) Apr 20th, 2018 GST TRAN-2 Jun 30th, 2018

 

RFD-10 (Mar 2018)

Eighteen months after end of the quarter for which refund is to be claimed

Quarterly return for registered persons with aggregate turnover up to Rs. 1.50 Crores

 

GSTR-1 (Jan-Mar, 2018)

Apr 30th, 2018

Turnover exceeding Rs. 1.5 Crores or opted to file monthly Return

 

GSTR-1 (Mar 2018)

May 10th, 2018

GSTR-1 (Feb 2018)

Apr 10th, 2018

Who all need to get GST Registration?

Any individual or entity that fulfills any of the following conditions needs to get GST Registration

  1. Having an annual aggregate turnover from operations in the state which is above the threshold limit of 20 Lakhs (Rs. 10 Lakhs for North-Eastern States)
  2. Currently registered under any of the existing indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit
  3. Having operations in multiple states
  4. Having multiple business verticals in one state
  5. Making any Inter-State taxable supply
  6. Casual taxable persons & Non-resident taxable persons
  7. Required to pay tax under Reverse Charge
  8. Required to deduct tax at source
  9. Agents of a supplier
  10. Input Service Distributor
  11. Supplying goods or services through E-commerce Operator
  12. E-commerce Operator/ Aggregator who supplies goods or services under his brand name (e.g. Flipkart, Amazon, Ola)
  13. Supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
  • As a very busy international affairs professional who has lived abroad for decades, I need good tax advice. In my situation, good tax advice and expert preparation made all the difference. Puneet Batra has been an excellent tax professional for me during the years he’s worked with me on my taxation issues. He’s taken the time to understand my situation, is always available at short notice to help me through complicated problems, and has taken much of the stress out of my tax filings.
    Salman HaiderCEO, Khan Academy
  • Working with Puneet Batra and his team was truly a pleasure and will highly recommend him to friends and colleagues in need of tax services for expatriates. The process was simple, straight forward and all my questions were answered clearly and quickly. I felt confident with the level of expertise and security throughout the engagement and look forward to next year’s tax season! Puneet cleared my uncertainty of filing taxes and helped me save money.
    J P SinghFounder, Cosmos Tours & Travels

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