Accountant and GST
Tax compliance is inherently a part of any accounting work. Role of an accountant start with passing correct entries in accounting system like debit and credit and completes one all audit and tax compliances are made.
Accountant is responsible for all TDS compliances, GST Compliances, VAT, Service tax etc. correctly recognizing tax credit and tax liability and making all required reconciliation with tax returns and books of accounts.
GST regime is completely a compliance oriented regime which is completely online compliance with GST network. All details such as invoice, purchase invoice, debit note, credit note, tax payments are to be uploaded on GSTN and accordingly all returns are prepared.
The base of all tax compliances is good in-house accountant who ensure proper and correct recording of transaction with knowledge of proposed GST.
RSB Consulting, is now prepared to offer accounting service to its client in GST regime. GST is dual levy wherein both central and state government will levy tax on the supply of goods and services. Further, under GST regime, transaction would liable for either CGST/SGST or IGST. At the time of raising of an invoice it is responsibility of any organization to raise correct invoice on customer based on location from where invoice is raised.
Considering complex nature of taxation and understanding importance of GST compliances, RSB have team to adapt the change in Indian tax laws and implement the same in day to day practice during their accounting work.
Outsourcing accounting work to RSB ensure that details are correctly been captured in the system and timely follow up with tax consultants of the company.
For service providers like management consultants, HR consultants, IT consultants, transporters, CHAs, compliance will substantially increase if there are multiple locations from where service is provided. Service provided will be required to obtain registration in each state from where service is provided. Therefore, service providers would be required to maintain proper accounting records to ensure that company is ready for GST implementation.
RSB Consulting, therefore, ready with providing accounting outsource activity under GST regime to its clients ensuring all GST and other tax compliances are also ensured. We provide accounting service in Mumbai, Bangalore, Surat, Ahmedabad and other cities of India to caters clients having presence at multiple locations.
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