- Surat, India
- info@surajagrwal.com
- +91 9422182447
- Corporate Profile
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Taxation- Goods and Services Tax (GST)
In today's global business environment, expanding into new geographies is essential for growth. For companies establishing business operations in India, Suraj R. Agrawal & Co. offers comprehensive GST consulting services to guide clients through the complexities of India's Goods and Services Tax (GST) legislation, ensuring tax efficiency and compliance.
Our GST Services include:
- GST Compliance:
- Review and Classification: Accurate classification of transactions under Harmonized System of Nomenclature (HSN) or Service Accounting Code (SAC) codes and assessment of GST impacts on business operations.
- Place and Time of Supply: Identification of the appropriate transaction tax types (CGST, SGST, IGST) and determination of the tax period.
- Assistance in preparing tax invoices, credit/debit notes, and other required documentation.
- Input Tax Credit (ITC) Management: Determination of eligible ITC, reversals as per GST regulations, and compliance with reverse charge mechanisms.
- Monthly reconciliations to ensure accurate GST reporting and facilitate refunds for unused ITC.
- Compliance with anti-profiteering laws through necessary studies and analyses.
- GST Returns:
- Data collection and consolidation for timely preparation and filing of GST returns.
- Filing GST returns for taxpayers under various categories as per GST requirements.
- Annual return reconciliation: Aligning GSTR-9 with audited financial statements and filing as necessary.
- GST Registration:
- Assessment of the need for GST registration and identification of the appropriate registration schemes (normal or composition).
- Assistance in GST registration across multiple states and business entities.
- Updating registration information and managing cancellations or revocations when needed.
- Additional Services:
- Assistance in preparing and filing E-Way Bills for goods movement as required under GST regulations.
At Suraj R. Agrawal & Co., we are committed to helping your firm navigate India's GST legislation effectively to minimize penalties, optimize tax savings, and ensure compliance with regulatory requirements. Our GST services cover a broad spectrum of compliance and advisory aspects, tailored to meet the specific needs of businesses operating in India. For more information on our comprehensive GST services, please feel free to contact us for detailed assistance.