Goods & Services Tax Compliances

Goods & Services Tax Compliance

GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It is a single tax on the supply of goods and services, right from the manufacturer to the consumer.Credits of input taxes paid at each stage will be available in the subsequent stage of value addition , which makes GST essentially a tax only on value addition at each stage.The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages. This law has replaced many indirect tax for the entire country.Three components of GST are CGST ,SGST & IGST.

Every registered person may be assigned a goods and services tax compliance rating score by the Government based on his record of compliance with the provisions of this Act. The goods and services tax compliance rating score may be updated at periodic intervals and also placed in the public domain in such manner as may be prescribed.

For certain businesses, registration under GST is mandatory.If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.

We at AeTx Consulting Private Limited make sure that

  1. Every supplier of goods and services is registered under GST

  2. Check the threshold limit for listed category suppliers and register accordingly.

  3. Complete online documents are submitted and track the application.

  4. Correct rate taken for GST charge.

  5. All the returns under GSt are filed.

  6. Related accounting is done for input tax credit.

  7. Ledger is reconciled with GST portal.

Story / Achievement / reaffirmation about our services

AeTx first understands your business process in GST scenario and classify which transactions are goods and services.Our team makes sure that we understand completely your logistic model.We finalise your books of accounts along with stock details provided to banks/financial institutions.We rectify all GST issues and prevent any business disruptions so that fool- proof GST compliance is achieved.

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