Best Taxation & Compliance Services in Attapur

GST Advisory Services:

We assist clients in providing the following advisory services on GST:

• Advising on GST on matters relating to outward supplies, input tax credit availability, valuation mechanism, time and place of supply, changes in tax rates, etc., and its impact on the business operations.

• Giving opinions on tax issues

GST Compliance Services:

We assist clients in providing the following compliance services on GST:

• Assistance in obtaining registrations under GST.

• Preparation / Review of GST Returns including refunds.

• Undertaking comprehensive review of business operations to identify opportunities and compliance gaps, if any.

• Review of the GST implementation done by the company.

• Preparation of annual reconciliation statements, i.e., returns with audited financial statements.

GST Litigation Services:

At MS & Associates, we assist clients in providing the following services with respect to GST litigation:

• Drafting appeals, submissions, and replies to notices.

• Representing before adjudication and appellate authorities up to the tribunal.

• Briefing legal counsel for appearance before High Court & Supreme Court.

GST Registration:

At MS & Associates, we provide expert GST registration services tailored to your business needs. GST is one of India’s most significant tax reforms, simplifying the indirect tax structure and encouraging business compliance.

The GST regime mandates registration for all entities involved in the supply of goods or services once they cross a specified turnover or begin business expected to exceed the threshold. GSTIN is mandatory for:

• Aggregate Turnover: Over ₹20 lakhs (₹10 lakhs in special category states) for services, ₹40 lakhs for goods.

• Inter-State Business: Supplying goods across states requires registration regardless of turnover.

• E-Commerce Sellers: Anyone selling via platforms like Amazon, Flipkart must register.

• Casual Taxable Persons: Temporary or seasonal suppliers must register regardless of turnover.

• Voluntary Registration: Entities may register voluntarily and can now surrender registration anytime.

Types of GST Registration:

• Normal Scheme: Regular businesses with no deposit requirement and lifetime validity.

• Non-Resident Taxable Person: For businesses outside India supplying in India. Valid for 3 months.

• Casual Taxable Person: Seasonal or occasional businesses; requires deposit equal to expected GST liability. Valid for 3 months.

• Composition Scheme: For businesses with turnover below ₹1.5 Crore. Fixed rate tax, no input tax credit.

Documents Required:

1. PAN Card: Mandatory for the business entity.

2. Identity Proof: PAN, Aadhaar, Voter ID, Passport, or Driving License with photo.

3. Address Proof of Promoter: Any government-issued address document.

4. Business Registration Proof: Partnership deed, incorporation certificate, or registration certificate depending on entity type.

5. Business Location Proof:

– Own Property: Property tax receipt, municipal khata, or electricity bill.

– Rented Property: Valid rental agreement + ownership proof of lessor.

– SEZ: Government-issued certificates required.

– Other Cases: Consent letter + proof of ownership from consenter.

6. Bank Account Proof: Cancelled cheque, bank statement, or first page of passbook with name, account number, IFSC, MICR, etc.

Our experts at MS & Associates will guide you throughout the GST registration process—ensuring accuracy, timely submission, and complete compliance with GST laws.

GST Return Filing:

At MS & Associates, we simplify your GST compliance by offering professional GST return filing services. All registered taxpayers under the GST regime must file periodic returns to maintain compliance and avoid penalties.

Whether you’re a regular taxpayer, composition dealer, or e-commerce seller, we help you meet your filing obligations accurately and on time.

Types of GST Returns:

• GSTR-1: Monthly or quarterly return for outward supplies of goods/services.

• GSTR-3B: Monthly summary return for reporting total sales, ITC claims, and net tax liability.

• GSTR-4: Annual return for taxpayers under the Composition Scheme.

• GSTR-9: Annual return for regular taxpayers containing consolidated details of all GST returns filed.

• GSTR-9C: Reconciliation statement for taxpayers whose turnover exceeds ₹5 crore (to be filed along with GSTR-9).

Due Dates for GST Returns:

• GSTR-1: 11th of the following month (monthly) or 13th of the month following the quarter (quarterly).

• GSTR-3B: 20th of the following month.

• GSTR-4: 30th April of the next financial year.

• GSTR-9: 31st December of the next financial year.

Why Choose Us?

• Dedicated experts to manage your returns and compliance.

• Timely filings to avoid penalties and interest.

• Accurate data validation and reconciliation with books of accounts.

• Complete support for annual return filing and audit requirements.

With MS & Associates, you gain a reliable compliance partner who ensures that your GST returns are filed accurately and on time—so you can focus on growing your business.

GST Annual Return:

GST has been implemented in India from 1st July, 2017. Under the new GST regime, over 1.3 crore businesses in India have been registered and issued GST registration. All entities having GST registration are required to file GST annual returns, as per the GST return due date schedule mentioned below.

GST annual return filing is mandatory for all entities having GST registration, irrespective of business activity, sales, or profitability during the return filing period. Hence, even a dormant business that obtained GST registration must file GST return.

GST registration holders who obtained the registration anytime before 1st April 2018 are required to file GST annual return for the financial year 2017-18 on or before 30th June 2019. Before filing the GST annual return, the taxpayer must have filed all GSTR-1, GSTR-3B, or GSTR-4 returns for the period of July to March 2018. In case there are overdue GST returns, the GST registration holder will not be allowed to file the GST annual return.

GST Annual Return Types:

• GSTR-9: All entities having GST registration are required to file GST annual return in form GSTR-9.

• GSTR-9A: Taxpayers who have opted for the GST Composition Scheme are required to file GSTR-9A.

• GSTR-9C: Applicable to taxpayers who must obtain an annual GST audit. It reconciles the figures in GSTR-9 with audited financial statements and must be certified by a Chartered Accountant or Cost Accountant. Required for businesses with annual turnover above ₹2 crore.

GST Annual Return Due Date:

The due date for filing Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) was extended to:

• FY 2017-18: 31st December 2019

• FY 2018-19: 31st March 2020

The Government has also simplified these forms by making several fields optional for ease of compliance.

Summary of Return Types:

1. GSTR-9: For all regular GST registered entities.

2. GSTR-9A: For entities under the GST Composition Scheme.

3. GSTR-9C: For entities with turnover above ₹2 crore requiring audited reconciliation, certified by CA/CMA.

GST eWay Bill:

GST eWay Bill is a document introduced under the Goods and Services Tax (GST) for tracking goods in transit. Any taxable person registered under GST transporting goods valued over ₹50,000 must generate an eWay Bill from the GST Portal.

LEDGERS simplifies eWay Bill generation by syncing with GST invoices, bills of supply, purchase invoices, and customer or supplier accounts. With LEDGERS, you can generate and share eWay Bills with just a click.

eWay Bill Requirement:

• For supply of goods over ₹50,000 in value.

• For transfer of goods from one godown to another over ₹50,000 in value.

• For purchases from an unregistered person over ₹50,000 in value.

Generating eWay Bill:

GST eWay Bills can be generated directly using LEDGERS after enabling API access on the GST Portal. Go to GST → Create eWay Bill to generate the bill. Customer, supplier, and invoice data can be retrieved quickly, streamlining the process.

Once generated, the person in charge of goods transport must carry:

• Invoice or bill of supply or delivery challan.

• Invoice reference number (from FORM GST INV-1 uploaded on GST Portal).

• Copy or number of eWay Bill, physically or mapped to RFID embedded in the vehicle.

If transporting using own or hired vehicle, the taxpayer must generate eWay Bill in FORM GST INS-1 by completing Part B of the form. If a transporter is involved, the taxable person fills Part A, and the transporter fills Part B to generate the eWay Bill. Transporters may also generate eWay Bills for consignments valued below ₹50,000.

Validity of eWay Bill:

Other than Over Dimensional Cargo:

• Up to 100 km – 1 day

• For every additional 100 km – Additional 1 day

Over Dimensional Cargo:

• Up to 20 km – 1 day

• Every additional 20 km – Additional 1 day

The “relevant date” is the date and time of generation of the eWay Bill. Each day of validity expires at midnight following the generation time. “Over Dimensional Cargo” refers to cargo that exceeds the size limits defined in Rule 93 of the Central Motor Vehicle Rules, 1989.

What is LUT under GST?

The Letter of Undertaking (LUT) is a declaration filed by exporters in Form GST RFD-11 as per Rule 96A of CGST Rules, allowing export of goods or services without paying Integrated GST (IGST). It assures the government that the exporter will comply with all GST export rules.

Who Needs to File LUT in Form GST RFD-11?

All GST-registered exporters of goods and services must file LUT to export without paying IGST. Exporters prosecuted for tax evasion above ₹250 lakhs or other offenses are not eligible and must furnish an export bond instead.

Eligibility Criteria

• GST-registered taxpayer

• Exports goods or services to countries outside India or to SEZs

• Intends to export without paying IGST

Documents Required for LUT

• LUT Cover Letter signed by authorized person

• Copy of GST Registration Certificate

• PAN Card of the entity

• KYC documents of authorized signatory

• Form GST RFD-11

• Copy of IEC Code

• Cancelled Cheque

• Authorization Letter

Process for Filing LUT

1. Check jurisdiction and whether to file LUT or export bond.

2. Prepare all required documents and bond/bank guarantee if needed.

3. Prepare duplicate copies for submission.

4. Submit documents to the GST department for verification.

5. Obtain official acknowledgment of acceptance.

Validity of LUT

LUT is valid for one financial year. Exporters must file a fresh LUT every year. If terms are violated, LUT privileges are revoked and bond submission is required.

When to Use LUT or Export Bond?

• Zero-rated supply to SEZ without payment of IGST

• Export of goods outside India without IGST payment

• Export of services outside India without IGST payment

Export Bond under GST

Exporters ineligible to file LUT must furnish an export bond on non-judicial stamp paper for estimated tax liability. A bank guarantee (usually up to 15% of bond amount) may be required unless waived by the GST Commissioner.

GST Registration Cancellation

How to cancel GST registration? GST registration can be canceled by the registered person, GST officer, or legal heirs (in case of death). Cancellation means the person will no longer be registered under GST and won’t pay or collect GST.

GST registration can be canceled voluntarily by the taxpayer or by the GST officer. If business continues after cancellation, it is an offense with heavy penalties. No GST returns will be required post-cancellation.

Who can cancel the GST registration?

• Proprietorship firms need to file Form ITR-3 or Form ITR-4-Sugam.

• An officer may cancel registration if:

– No business is conducted from declared place of business.

– Invoices issued without supply of goods/services violating GST rules.

– GST returns are not filed for six months.

• Officer issues a show cause notice (Form GST REG-17), and the registered person can reply (Form GST REG-18).

Voluntary cancellation by the registered person

• Discontinuance or closure of business

• Transfer, amalgamation, merger, de-merger, lease, or similar reasons

• Change in business constitution leading to change of PAN

• Turnover below GST registration threshold

• Death of sole proprietor

• Other valid reasons supported in the application

Forms to be filed before GST registration cancellation

• Application through FORM GST REG-16

• Include details of:

– Inputs, semi-finished, finished goods stock

– Liability on stock

– Payment details

• Officer issues cancellation order in FORM GST REG-19 within 30 days

• Additional forms:

– Cancellation application – FORM GST REG-16

– Show cause notice – FORM GST REG-17

– Reply to notice – FORM GST REG-18

– Revoking cancellation – FORM GST REG-21

– Order revoking cancellation – FORM GST REG-22

How to apply for GST cancellation?

All GST returns must be filed before applying for cancellation. Use Form GST REG-16 on the GST portal and provide:

• Contact address including mobile and email

• Reason and desired date of cancellation

• Value and tax payable on stock of inputs, semi-finished, finished goods, and capital goods

• Details of merged or transferred business entity, if applicable

• Latest GST return details with ARN

Final GST payment

All overdue GST liabilities and input tax credit on stock must be paid before cancellation. The payment can be made via electronic credit or cash ledger and during filing of the final return (Form GSTR-10).

Grounds of non-acceptance of cancellation application

• Incomplete application

• New entity not registered in case of transfer, merger, or amalgamation

• Failure to respond to discrepancies within 7 days

GSTR-10 final GST return

Final return (Form GSTR-10) must be filed within 3 months from cancellation date to confirm no outstanding liabilities. Certain taxpayers are exempted from this. Failure to file invites notices and assessment.

Consequences of not canceling GST registration

Failure to cancel GST registration after business closure can lead to penalties and inability to obtain new registration under the same PAN. Suspension of GST registration can be revoked after proper cancellation proceedings.

GST Registration for Foreigners (NRIs)

GST registration is mandatory for Non-Resident Indians (NRIs) or foreign businesses making taxable supplies in India. A non-resident taxable person must register for GST if they conduct business involving supply of goods or services in India.

Who needs GST registration as a Non-Resident Taxable Person?

Any individual or business established outside India supplying goods or services in India qualifies as a non-resident taxable person and must register under GST. Registration is mandatory irrespective of turnover and must be obtained at least five days before starting business activities.

• NRIs cannot opt for the composition scheme under GST.

• Foreign entities must provide their Tax Identification Number (TIN) or PAN (if available) when applying.

Benefits of GST for Foreign Businesses

GST simplifies tax compliance by merging multiple taxes into a single framework, easing business operations in India for foreign entities.

How to Obtain GST Registration?

• Submit Form GST REG-09.

• Appoint an authorized representative residing in India for GST compliance.

• The authorized representative must have a valid PAN and sign the application.

• Provide Tax Identification Number or PAN (if available) of the foreign entity.

Documents Required

Proof of Principal Place of Business:

• For owned premises: property tax receipt, municipal khata, or electricity bill.

• For rented premises: valid rent/lease agreement and ownership proof of lessor.

• Consent letter and ownership proof if premises belong to a third party.

Identity Proof:

• Scanned copy of passport with visa details.

• For foreign companies: Certificate of Incorporation, license from foreign country (if any), power of attorney, and clearance certificate from Indian government (if available).

Bank Account Proof:

• Copy of bank passbook or statement showing account number, holder name, MICR, IFSC, and branch.

GST Deposits for Non-Resident Taxpayers

Non-resident taxpayers must deposit advance tax equal to their estimated tax liability for the registration period. Extensions require additional payments. Upon registration, an ARN is generated for advance tax payment, and electronic cash ledger is credited accordingly.

Validity of Registration

Registration is valid for the period paid for by the advance tax. Extensions can be requested by submitting Form GST REG-11 before expiry.

Authorized Representative in India

The non-resident taxable person must appoint an authorized representative residing in India via a resolution or authorization letter from the managing committee or board.

Important Instructions

• Applicant’s name must match passport exactly.

• Apply through GST portal at least 5 days prior to business.