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Borivali East, Mumbai, India
GST and Indirect Taxes
Simplify GST, Tax Registration, and Filing Returns with VPRP & Co LLP
Setting up GST for Your Business
Our expert GST advisors analyze the nature of your business, the goods or services you provide, and turnover thresholds for your GST registration.
This helps us provide up-to-date GST registration consultations and help businesses obtain a GST Identification Number (GSTIN).
GST Advisory
Our GST advisory services ensure your business abides by GST laws and files tax returns on time. Our GST advisory experts provide personalized advice based on your contracts, agreements, and financial documents like invoices and bank statements.
GST Registration & Compliance Support
Advice on GST registration, amendment to registrations, positions, and other routine queries
GST Impact Assessment on Contracts & Invoices
Advice on GST implications based on a review of specific contracts, agreements, and invoices
GST Compliances
Our expert GST advisors analyze the nature of your business, the goods or services you provide, and turnover thresholds for your GST registration.
This helps us provide up-to-date GST registration consultations and help businesses obtain a GST Identification Number (GSTIN).
GST Returns and Audits
Our GST returns services include filing GST returns on sales purchases by the payer monthly. On the other hand, our GST audit services comprise checking the business's financial transactions in compliance with GST regulations.
Our detailed GST compliance, returns, and audit services involve:
Input Tax Credit Reconciliation & Record Updates
Reconciliation of input tax credits as per the GST system and updation of company records
e-Way Bill Assistance & GST Audits
Assistance in queries related to e-Way bill generation and undertaking GST audits
GST Refunds
GST refunds can be claimed by a business when the sales are greater than their GST liability upon application.
Our offerings include:
End-to-End Refund Support & Regulatory Liaison
End-to-end support, including liaising with regulatory authorities to obtain refund orders
GST Litigation Services
Our GST litigation services aim to resolve your disputes. We prove our expertise by replying to all GST notices and appeals on behalf of your business.
The other GST litigation services we offer are:
Drafting and filing applications seeking advance rulings
Get expert assistance in preparing and submitting advance ruling applications for tax clarity and compliance.
Representation services
Professional support in representing your business before tax authorities for smooth dispute resolution and compliance matters.
Litigation reviews
In-depth analysis of GST-related legal cases to ensure compliance, minimize risks, and strengthen your position in disputes.
FAQs
Frequently asked questions
Q1.Who needs to register for GST?
Businesses with an annual turnover above Rs. 40 lakhs (Rs. 10 lakhs for special category states) must register for GST. For service providers, the threshold is Rs. 20 lakhs. Voluntary registration is also allowed.
Q2.What is GSTR-1 and who should file it?
GSTR-1 is a monthly or quarterly return that contains details of all outward supplies (sales) made by a registered taxpayer. Every regular GST-registered business must file GSTR-1 by the 11th of the following month.
Q3.Can I claim GST input tax credit (ITC)?
Yes, if you are a registered GST taxpayer and have received goods/services with a valid tax invoice, you can claim ITC on the GST paid, provided the supplier has uploaded the invoice in their GSTR-1 and filed returns.
Q4.What happens if I don’t file my GST return on time?
Late filing of GST returns leads to a late fee of Rs. 50 per day (Rs. 20 for nil return), plus interest on any unpaid tax. Continuous default can also result in a suspended or cancelled GST registration.
