GST-Advisory for Waiver Scheme under Section 128A
1. Taxpayer’s attention is invited to the advisory on the above subject issued by GSTN on 29.12.2024....
Read More →Complete GST registration, return filing, and compliance solutions for businesses across India
The Goods and Services Tax (GST) is India's unified indirect tax system, implemented under the principle of "One Nation, One Tax". It replaced multiple cascading taxes including VAT, Service Tax, Central Excise, and others, creating a seamless national market.
GST eliminates the cascading effect of taxes (tax on tax) by allowing businesses to claim Input Tax Credit (ITC) on taxes paid during purchases, ultimately reducing the tax burden on consumers while improving transparency across the supply chain.
Collected by Central Government on intra-state supplies
Collected by State Government on intra-state supplies
Collected by Central Government on inter-state supplies
Applicable in Union Territories without legislature
Our GST experts are ready to help you with registration, returns, and compliance matters.
Tax rates applicable on goods and services in India
* Rates vary by specific goods/services category. Cess may apply on certain items. Refer to GST tariff for exact rates.
Comprehensive GST solutions for businesses of all sizes
Everything you need to know about GST registration in India
₹40 Lakhs
Annual aggregate turnover
₹20 Lakhs for special category states
₹20 Lakhs
Annual aggregate turnover
₹10 Lakhs for special category states
Standard registration for businesses exceeding threshold limits. Can claim ITC and must file monthly/quarterly returns.
For businesses with turnover up to ₹1.5 Crore. Pay tax at lower rates but cannot claim ITC or issue tax invoices.
For occasional suppliers with no fixed place of business. Registration valid for 90 days, extendable.
For foreign entities making taxable supplies in India. Requires advance tax deposit.
For businesses receiving invoices for input services and distributing ITC to branches.
Businesses below threshold can register voluntarily to avail ITC benefits and enhance business credibility.
Go to gst.gov.in and click on "Register Now" under Services > Registration.
Enter PAN, mobile number, and email. Receive OTP verification on both.
Temporary Reference Number (TRN) generated for tracking your application.
Login with TRN and fill business details, promoter/partner information, and bank details.
Upload all required documents including address proof, bank details, and authorization.
Submit application, receive ARN. After verification, GSTIN is issued within 3-7 working days.
Different types of GST returns and their filing requirements
| Return Type | Description | Who Files | Frequency | Due Date |
|---|---|---|---|---|
| GSTR-1 | Details of outward supplies (sales) | Regular taxpayers | Monthly / Quarterly | 11th / 13th of following month |
| GSTR-3B | Summary return with tax payment | Regular taxpayers | Monthly / Quarterly | 20th / 22nd-24th of following month |
| GSTR-4 | Return for composition dealers | Composition taxpayers | Annually | 30th April |
| GSTR-5 | Return for non-resident taxpayers | Non-resident taxable persons | Monthly | 20th of following month |
| GSTR-6 | Return for Input Service Distributors | ISD registered entities | Monthly | 13th of following month |
| GSTR-7 | TDS return under GST | TDS deductors | Monthly | 10th of following month |
| GSTR-8 | TCS return for e-commerce operators | E-commerce operators | Monthly | 10th of following month |
| GSTR-9 | Annual return consolidating all data | Turnover > ₹2 Crore | Annually | 31st December |
| GSTR-9C | Reconciliation statement (self-certified) | Turnover > ₹5 Crore | Annually | 31st December |
| GSTR-10 | Final return on cancellation | Cancelled registrations | One-time | Within 3 months of cancellation |
* QRMP scheme available for taxpayers with turnover up to ₹5 Crore - file quarterly returns but pay tax monthly.
Digital compliance requirements under GST
What is it?
Electronic authentication of B2B invoices through the Invoice Registration Portal (IRP), generating a unique Invoice Reference Number (IRN) and QR code.
Applicability:
Mandatory for businesses with annual turnover exceeding the prescribed threshold limit as per GST Council notifications.
Key Benefits:
Our Services:
IRP registration, software integration, bulk generation support, and compliance monitoring.
What is it?
An electronic document required for movement of goods, containing details of consignment, transporter, and route information.
When Required:
For movement of goods valued above ₹50,000 (may vary by state for intra-state movement).
Validity Period:
Our Services:
E-way bill generation, multi-vehicle management, validity extension, and bulk processing.
Maximize your tax savings through proper ITC management
Input Tax Credit is the mechanism that allows businesses to reduce their GST liability by claiming credit for the tax already paid on inputs (purchases). This eliminates the cascading effect of taxes and reduces the overall tax burden.
Reconciling ITC claims with auto-populated data from vendor filings
Identifying and managing ineligible ITC under Section 17(5)
Tracking vendor filing status and follow-up for ITC availability
Calculating and managing mandatory ITC reversals accurately
Failure to comply with GST regulations can result in significant financial penalties and operational restrictions
₹50 per day (₹25 CGST + ₹25 SGST) for delayed GSTR-3B filing, capped at ₹5,000. Nil returns attract ₹20 per day.
18% per annum interest on unpaid tax amount, calculated from the due date to the date of actual payment.
Your buyers may lose their ITC claims if you fail to file GSTR-1 on time, affecting business relationships.
E-way bill generation blocked after consecutive defaults in return filing, disrupting goods movement.
GST registration may be suspended after 6 months of non-filing, leading to cancellation proceedings.
100% to 300% penalty on evaded tax amount. Imprisonment up to 5 years for fraud exceeding ₹5 Crore.
Stay compliant with TaxHustler - Our timely filing ensures you never face penalties or operational disruptions.
Your trusted partner for seamless GST compliance
Deep expertise in indirect taxation and GST since its inception
Qualified professionals handling your compliance with precision
Zero delay record - all returns filed before due dates
Maximize your input tax credit claims through expert reconciliation
Expert handling of GST notices, assessments, and appeals
Supporting businesses across all states and union territories
Stay updated with the latest GST news, updates, and compliance tips
1. Taxpayer’s attention is invited to the advisory on the above subject issued by GSTN on 29.12.2024....
Read More →