What Is A GST Consultant In India? How They Can Help With The Tax Process

Goods and Services Tax (GST), a major tax reform in the history of independent India, has marked its 2nd anniversary on July 01, 2019.

Before GST was implemented, India had a web of many indirect taxes complicating the entire tax administration.

It was also the reason why many people didn’t even want to register their businesses for tax purposes.

But on July 01, 2017, GST was rolled out in the country after long delay of 17 years.

Interestingly enough, Congress had promised roll-out of GST in its 2009 manifesto.

4.42 lakh crore in 2017-18 to Rs.

GST Advisory ServicesWe provide a number of GST advisory services online in India like covering the impact of GST on the business of clients, examining different market scenarios of business models, legislative business level implementation assistance, transition management, and undertaking key compliance.Benefits of GST RegistrationGST removes the cascading effect of taxHigher threshold for registrationComposition scheme for small businessesThe number of compliance is lessDefined treatment for E-commerce operatorsImproved efficiencyUnorganized sectors are regulated under GSTEligibility for GST RegistrationSection 22 to Section 30 of the CGST Act, 2017 deals with the process of registration by every supplier of goods and services.

Note on registration under GST with effect from 1st April 2019.Every person who is engaged in the supply of services and whose aggregate turnover exceeds Rs.

40 lakhs just in case of the States of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, Uttarakhand and whose aggregate turnover exceeds Rs.40 lakhs (for the remainder of the States), shall be liable to be registered under this act in the state or union territory, from where he makes of taxable supply of goods or services or both;Companies engaged in the export of services are also required to complete the GST migration process and obtain a GST Registration number to be entitled to tax exemption on the export of services outside India.In the case of inter-state sales, GST Registration is mandatory regardless of turnover.GST RatesRates under GST will depend on the sort of products and services.

GST AdvisoryThe government of India introduced the concept of Goods and Services Tax (GST) w.e.f 1st July 2017.

The tax is imposed on a PAN India basis as a single unified tax covering all types of business activities.

GST is implemented on ‘value-added’ to goods and services at each stage within the economic supply chain.

Tips to Increase Your Tax RefundOnline GST ReturnInstead of searching for approaches to escape making good on government expenses, it is better that you document your profits in a precise and productive way which will enable you to invest more energy at work where you can get more cash-flow.

There are reasoning’s like dental protection premium or even premiums on medical coverage can be appeared as restorative cost contingent upon your pay.2 Entertainment Expenses: Deductions and assessments continue changing each year and it is significant that possibly you keep yourself refreshed with every one of the progressions or at that point on the off chance that you have procured a duty consultant, he will know about the changes.

The amusement remittance which is utilized for individual costs can't be guaranteed for duty findings and in such cases the business must know with the goal that this cost is burdened without limit and you don't need to confront an expense obligation after the evaluation.

The level of findings of common and fundamental amusement costs and dinner costs can be deducted up to practically halfOnline GST Return3 Travel Expenses: One great practice for this is to keep a log book that records the separation voyaged with the goal that you can accurately ascertain your movement finding.

A point to recollect is that on the off chance that you have two employments and you are heading out starting with one office then onto the next then this cost can be deducted, however in the event that you are making a trip from home to office or back, at that point it is an individual cost and it can't be deducted.

Deductible travel costs include: airfare, lodging remain, taxi costs, stopping expenses, tolls and even tips given.4 Tax Records: If you keep your duty records sorted out and all around arranged then it will guarantee that you don't pass up any findings and furthermore this will make documenting your expenses and a lot simpler employment.

Australia has it all: a low cost of living, world-class universities, abundant cultural resources, and lots of wonderful sunny weather to go with it.

It's no wonder that international students from around the globe flock to Australia each year for study abroad and you too could soon be joining them.

In terms of location, Sydney is probably the best option for a student considering studying at a prominent university within Australia.

Australia imposes a number of different visa requirements, one of which is for students wishing to study overseas.

If you are planning on studying in Australia, it is important that you do your research on the country's immigration policies and requirements for studying in Australia.

It is common for international students to be required to obtain a Student Visa once they have been accepted into a university or college.