Input Tax Credit (ITC) Reconciliation

• ★   GST allows you to claim Input Tax Credit (ITC) on taxes paid on purchases, but only if your vendor complies with GST rules.
• ★   We help with ITC reconciliation to match your purchase records with GSTR-2A (data from your vendors), ensuring you claim the right amount of credit.
• ★   We resolve any differences, making sure you don't miss out on claiming ITC.

GST E-Invoicing and Billing Solutions

• ★   Businesses that meet certain turnover limits must use e-invoicing.
• ★   We provide solutions to create GST-compliant invoices that include all necessary details like GSTIN, HSN code, and tax amounts.
• ★   We also help set up e-invoicing systems to make sure you meet government requirements.

GST Audit & Annual Return

• ★   If your business exceeds the prescribed turnover limit, a GST audit is required. We conduct thorough reviews to ensure compliance with GST laws.
• ★   We help prepare and file the Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C), giving a clear overview of your GST activities for the year.

GST Notice Resolution

• ★   If there’s a mismatch in your returns or a compliance issue, you may receive a notice from the GST department. We help with:
• ★   Managing GST notices by understanding and responding to them.
• ★   Correcting returns to fix any errors.
• ★   Representing you in case of disputes or inquiries from the tax department.

GST Refunds

• ★   We help businesses claim GST refunds for cases such as:
• ★   Exports without IGST.
• ★   Inverted duty structure, where the tax paid on inputs is higher than the tax on sales.
• ★   Excess GST payments due to mistakes.
• ★   We file refund applications and track them to ensure timely processing.

GST Advisory Services

• ★   We provide customized GST advice to help you understand the impact of GST on your business.
• ★   Our services cover:
• ★   GST classification for goods and services.
• ★   GST on e-commerce transactions.
• ★   GST for international trade, including imports and exports.
• ★   We also advise on GST exemptions and help small businesses navigate the Composition Scheme.

Composition Scheme Advisory

• ★   Small businesses with a turnover below a certain limit can choose the GST Composition Scheme to pay lower taxes and follow fewer compliance rules.
• ★   We help you determine if you qualify for the Composition Scheme and assist with filing returns to take advantage of its benefits.

GST Compliance for E-Commerce Businesses

E-commerce businesses face specific GST challenges. We offer specialized services, including:

• ★   TCS (Tax Collected at Source) compliance: E-commerce platforms must collect TCS on supplies made through their portals. We assist with registration, deposit, and filing of TCS returns.
• ★   GST on interstate supplies: We ensure proper classification and compliance for businesses making inter-state sales, where IGST is applied.
• ★   Reconciliation of e-commerce sales: We ensure your online sales match your records for accurate GST filings.

GST Cancellation Services

We assist businesses with the cancellation of GST registration when it's no longer required. Whether your business has closed down, your turnover has fallen below the threshold, or you’ve opted for voluntary cancellation, we guide you through the entire process seamlessly.

• ★   When Can GST Registration Be Cancelled?
• GST registration can be cancelled in the following cases:
• ★   Business Closure: If your business has shut down or merged with another entity.
• ★   Turnover Falls Below the Threshold: If your business turnover is consistently below the mandatory GST registration threshold.
• ★   Change in Business Structure: For instance, when a business converts from a sole proprietorship to a partnership or company.
• ★   Voluntary Registration Cancellation: If you've registered voluntarily and no longer wish to be registered under GST.
• ★   Non-compliance: The government may initiate cancellation if there is non-compliance or failure to file GST returns for a specific period.

At Prahar Filing & Advisory, we simplify GST compliance with expert services from filing and ITC reconciliation to refunds and registration. Our goal is to ensure your business stays compliant, avoiding penalties and allowing you to focus on growth. Stay compliant, stay ahead.

Contact us today for professional GST services tailored to your business needs!