Goods and Services Tax- GST

GST (Goods and Services Tax) has certainly been a major talking point lately. With ongoing discussions about rate rationalizations, compliance complexities, and potential amendments, it's drawing a lot of attention from businesses, tax professionals, and policymakers.

GST Return filing

The filing system for GST returns has been through multiple phases, this layered return filing process is not only time-consuming but also requires accuracy to avoid penalties.

Export & Refunds

Exporters in India face several complexities when it comes to GST, particularly with respect to claiming refunds. While the government has aimed to make GST export-friendly by keeping exports zero-rated, the processes involved are often cumbersome and time-consuming.

GST Registration & Compliance

The GST law undergoes frequent amendments, with notifications, circulars, and orders released by the GST Council or businesses and tax professionals, this constant flow of updates requires staying vigilant to ensure compliance. It can lead to confusion, especially for small businesses that lack dedicated tax teams.