GST Compliance Service

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GST Compliance Service

11.GST Compliance

GST is electronic based compliance at GST Network. GST Compliance would include collation of voluminous data of supplies i.e. invoices, outward supplies, Input tax credit and payment of tax under respective GST registration number.

With GST regime tax compliance will increase however, it will also become more transparent and IT driven. Major Forms as prescribed under GST model are as under:

  • GSTR-1: invoice wise details of outward supplies of goods and services effected during the tax period

  • GSTR-2: Details of inward supplies of taxable goods and/ or services received during the tax period

  • GSTR- 3: Details of inward and outward supplies of goods and/or services, input tax credit availed, tax payable, tax paid and other particulars as may be prescribed

  • GSTR-8: Prescribed details along with audited accounts reconciling the value of supplies declared in the return

All details under GST would be uploaded on GSTN invoice wise. All reconciliation will be done at GSTN.

Concept of liability under reverse charge has also been continued in GST regime which is picked up from existing service tax regime.

GST Compliance also include compliance of TDS and TCS for which separate return has been prescribed under GST.

As a part of compliance, GST compliance will include matching of input tax credit with supplier and receiver of goods and services. Any un-matched credit would be disallowed.

Since all details would be uploaded on GSTN, it is utmost important that information is correctly and completely uploaded in GSTN.

RSB Consulting with its presence in Mumbai, Surat, Bangalore and Ahmedabad alongwith its associates across India provide service of all GST compliances.

GST Compliance service will include review of outward supplies, computation GST, calculation of input tax credit, review of all registers, documents like invoices etc. from GST perspective. With RSB you can outsource all your GST compliances.

For any inquiry, please contact RSB Consulting.  

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