GST Consultants

GST Consultants

GST Consultants are professionals who specialize in providing expert guidance and services related to the Goods and Services Tax (GST), a comprehensive indirect tax that has replaced multiple taxes such as excise duty, VAT, and service tax in India. GST is a value-added tax levied on the sale of goods and services, and it affects businesses across various industries. GST consultants ensure businesses comply with all GST regulations, including proper registration, filing returns, and timely tax payments.

At P M Associates, our team of experienced GST Consultants provides expert guidance to help businesses navigate the complexities of the Goods and Services Tax (GST) system in India. We assist you in understanding the intricacies of GST laws and ensure your business is fully compliant with all GST regulations, including timely registration, filing, and payment of taxes.

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Documents Required for GST Consultants

General Documents

  • PAN Card

  • Aadhaar Card

  • Proof of Business Address

  • Photograph of Authorized Signatories

  • Bank Account Statement/Cancelled Cheque

  • Digital Signature Certificate (DSC)

  • Constitution of Business (MOA, AOA, Partnership Deed)

+91-9964198401

info@pmassociatesmysore.com

Avoiding Common Mistakes in GST Consultants

  • Incorrect GST Registration

  • Late Filing of GST Returns

  • Incorrect Classification of Goods/Services

  • Failure to Maintain Proper Documentation

  • Neglecting Input Tax Credit (ITC)

  • Failure to Report Correct Transaction Details

  • Non-Compliance with GST Audit Requirements

FAQ :-

What is GST?

GST (Goods and Services Tax) is a comprehensive indirect tax applied on the supply of goods and services in India. It replaced multiple taxes like VAT, excise duty, and service tax.

Why do I need a GST Consultant?

A GST consultant helps ensure your business complies with GST laws, handles registration, filing returns, audits, and minimizes the risk of penalties and tax-related issues.

Who needs to register under GST?

Businesses with an annual turnover exceeding the prescribed limit (currently Rs. 40 lakhs for goods and Rs. 20 lakhs for services) must register for GST. It also applies to e-commerce operators, casual taxpayers, and non-resident taxable persons.

What are the benefits of GST registration?

Legal recognition of the business Input Tax Credit (ITC) on purchases Easy inter-state transactions Enhanced credibility with customers and suppliers

How do I know which GST rate applies to my product or service?

A GST consultant will help you classify your products or services under the correct GST rate slab, which could range from 0% to 28%.

How often do I need to file GST returns?

GST returns are generally filed monthly or quarterly (for small businesses), and an annual return must also be submitted.

What happens if I miss a GST filing deadline?

Missing deadlines results in penalties, interest charges, and potential legal issues. A GST consultant helps ensure timely filing.