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Goods and Services tax Return Filling in Ludhiana

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Santokh Singh & Associates
Goods and Services tax Return Filling in Ludhiana

What is GST?

GST is a break-through in the taxation system as India progresses towards a highly structured system. Instead of falling prey to the multiple taxation systems, GST has brought in a new era which ensures that taxation system becomes logical, easy to understand and well structured.

The Goods and Service Tax (GST) has been a biggest game changing reform in India's Indirect Tax Structure which has rightly attracted the heightened interest from all the stakeholders. From July 1, 2017 onwards, GST will replace India's current complex Central and State indirect tax structure to create a common market with a seamless indirect tax regime.

Goods and Service Tax is one indirect tax for the whole nation on the supply of goods and services, right from the manufacturer to the consumer. As GST will affect every part of the business of industry from Cash Flows, Financial Reporting, Tax Accounting & reporting, profitability, pricing, supply chain, ERP, contracts redesigning, IT, marketing etc.

 

GST Registration:

GST registration process under the new GST rules is done through an online portal that is maintained by the Central Government of India. Our experts can get your GST registration done in a short span of time.

GST Returns:

GST Act mandates every registered entity to furnish details of its sales and purchases including tax paid and collected thereon by filing GST returns Taxpayers must provide correct information to department as the system is designed so that all transactions are in synchronized with each other and no transaction is left unnoticed between buyers and sellers. GST team of us let you focus on your business, by filing your tax returns in compliance with GST regime.

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