GST Services

GST Registration

Following persons are required to register themselves mandatorily under GST regime:

Any business whose turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs for North Eastern and hill states).
Every person who is registered under any previous law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST.
When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.
Anyone who drives inter-state supply of goods.
Casual taxable person- supplying goods and/or services in a territory where GST is applicable, but he does not have a fixed place of business.
Non-Resident taxable person supplying goods/services in a territory where GST applies, but he does not have a fixed place of business in India.
Agents of a supplier.
Those paying tax under the reverse charge mechanism.
Input service distributor
E-commerce operator or aggregator*
Person who supplies via e-commerce aggregator.
Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

**e-commerce sellers / aggregators need not register if total sales are less than Rs. 20 lakhs. Notification No. 65/2017 – Central Tax dated 15.11.2017

GST Registration by Type of Taxable Person

Every person has to apply for registration in every State in which he is liable, within thirty days from the date on which he becomes liable to registration.
Casual/ non-residents should apply at least five days before their commencement of business.
Registration number in GST will be PAN based and hence, having PAN would be a prerequisite for obtaining registration.
The assessee must obtain separate registration for each State, as registration under GST will be State-wise,
The assessee has an option to obtain a separate registration for each of the ‘business vertical’ in the same State.

Documents required for GST Registration

For Sole Proprietorship / Individual

PAN card
Aadhaar card/ Voter ID/ Passport of Proprietor
Photograph of the sole proprietor
Bank account details- a copy of cancelled cheque or bank statement
Address proof of office:
– Own office – Copy of electricity bill/landline bill/water bill/municipal khata copy/ property tax receipt

– Rented office – Rent agreement and No objection certificate (NOC) from the owner

For HUF

PAN card of HUF
Photograph, Pan Card and Aadhar card of Karta
Address proof of Principal place of business and additional place of business :
– Own office – Copy of electricity bill/landline bill/ water bill/ municipal Khata copy/ property tax receipt

– Rented office – Rent agreement and No objection certificate (NOC) from the owner.
Bank details- a copy of cancelled cheque or bank statement

For Partnership Deed / LLP Agreement

PAN card
Photograph of all the partners
Aadhaar card/ Voter ID/ Passport of Proprietor
Photograph of the sole proprietor
Bank account details- a copy of cancelled cheque or bank statement
Address proof of Principal place of business and additional place of business :
– Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt

– Rented office – Rent agreement and No objection certificate (NOC) from the owner
In case of LLP- Copy of board resolution, Registration Certificate of the LLP Proof of appointment of authorized signatory- letter of authorization

For Private limited / Public limited / One-Person Company

PAN card of the company
Registration Certificate of the company
Memorandum of Association (MOA) /Articles of Association (AOA)
PAN card, photograph and Aadhar card of all Directors
Bank details- a copy of cancelled cheque or bank statement
Address proof of Principal place of business and additional place of business :
– Own office – Copy of electricity bill/landline bill/ water bill/ municipal Khata copy/ property tax receipt

– Rented office – Rent agreement and No objection certificate (NOC) from the owner
Proof of appointment of authorized signatory- letter of authorization

For Society or Trust or Club

Pan Card of society/Trust/Club
Registration Certificated
Photo and PAN Card of Promotor/ Partners
Bank details- a copy of cancelled cheque or bank statement
Address proof of registered office:
– Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt

– Rented office – Rent agreement and No objection certificate (NOC) from the owner
Proof of appointment of authorized signatory- letter of authorization

Digital Signature

All application for GST registration must be digitally signed with a Class 2 Digital Signature. Hence, it’s important that digital signature be obtained for the following person who is authorized to sign the GST registration application before beginning the application process.

Applicant type	Class 2 Digital Signature Required for
Proprietorship	Proprietor
Partnership / LLP	Managing / Authorised Partners
Hindu Undivided Family	Karta
Private Limited Company/ Public Limited Company/ One Person Company	Managing / Whole-time Directors
Society or Trust or Club	Members of Managing Committee
Others	Person in Charge

We at BC Shetty and Co , provide hassle free GST registration services with competitive prices. Our GST registration services are designed to help you in getting your business GST compliant, by providing step by step guidance during the entire registration process.

GST Compliance

GST has been implemented from 01.07.2017 in India and has issued various notifications, circulars and orders so far to enable the tax payers to interpret and analyze the legal provisions in the GST Act and to comply with the requirements as per the Law.

There are multiple returns prescribed in the GST Rules to be complied by the Registered Dealers. Following are some of the returns to be filed by the dealers as per the latest notifications:

Return Form	Particulars
GSTR-1	Details of outward supplies of taxable goods and services as effected
GSTR-2	Details of inward supplies of taxable goods and services claiming input tax credit
GSTR-3B	Monthly self-declaration that has to be filed
GSTR-3	Monthly return on the basis of finalization of details of outward supplies and inward supplies plus the payment of amount of tax
GSTR-4	Quarterly Return filed by GST Composition Dealer
GSTR-5	Return for Non Resident Taxable person
GSTR-6	Return for Input Service Distributor
GSTR-7	Return for authorities carrying out tax deduction at source.
GSTR-8	E-commerce operator or tax collector should file details of supplies effected and the amount of tax collected.
GSTR-9	Registered taxable person should file annual return.

Review of GST Compliance

Due to the reasons of having high level of compliance requirement and frequent change in provisions, organization need the help of professionals to ensure the compliance with emerging law. We will provide assistance in ensuring compliance by conducting GST review on periodical basis covering all the areas of business such as sales, purchases, marketing, inventory and finance.

This service covers the following functions:

Review of outward liability as per the provisions on monthly basis
Review of Input tax credit claimed as per the provisions of the law
Review of procedures followed in filing the GST returns and maintaining the documentation
Review of tax rate applied on goods and services, exemptions claimed, and concessions availed
Review of RCM (Reverse Charge) applicability to the specific organization and adherence to the same
Reconciliation of Book of Accounts and GST Returns

GST LUT

All registered tax payers who export the goods or services will now have to furnish Letter of Undertaking (LUT) in GST RFD-11 form on the common portal of GSTN in order to make exports without payment of IGST. We at BCS assist you in Obtaining Letter of Undertaking to ensure timely adherence to the required compliances.

GST Refund On Export Of Goods and Services

As per section 54 of CGST Act, 2017, excess amount of GST paid can be claimed as refund in following cases:

Export of Goods or Services (Including Deemed Exports)
Refund of Unutilized Input Tax Credit
Refund from Manufacturing / Generation/ Production – tax free supplies
Excess payment due to error and inadvertence
Finalization of Provisional Assessment
Refund for Tax payment transactions by UN bodies, CSD Canteens, Para-military forces canteens, etc.
Refund of pre-deposit in case of Appeal

GST provisions prescribes various modes of utilization of input tax credits and also states the procedure to claim the excess refund which cannot be set off against outward tax liability due to various factors. Refund process involves judgement on the procedural aspects as well as the contention of the revenue in each case due to multiple interpretation of a same situation. We at BCS having in-depth knowledge in various Indirect tax laws and the routed connections between the provisions of erstwhile tax laws, suggest best suitable option in a particular case.

GST Advisory Services

We provide following advisory services under GST:

Legal opinion on applicability of GST provisions in different scenarios
Optimum utilization of Input tax credit
Tax planning through availing various exemptions and concessions in the GST Law
Optimum utilization of Input tax credit and suggesting the suitable procedure for various business verticals such as SEZ, EOU and export traders
Review of contracts in terms of GST effect
Classification of goods under various HSN codes and the GST rate applicable to each goods and services
Analysis of project in terms of GST effect and optimization of taxes leading to lesser tax incidence
Tax implications to start ups

Audit Under GST

As per section 35(5) of CGST Act, 2017, Every registered person whose turnover during a financial year exceeds the prescribed limit shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of audited annual accounts, reconciliation statement under section 44(2) and other documents in such form and manner as may be prescribed before 31st of December of subsequent year.

We at BCS conduct the audit of books of account under GST provisions covering the following aspects:

Review of classification of goods and services as per HSN system
Review of outward liability on monthly basis to match the GST returns filed
Review of eligible Input tax credit claimed during the audit periods
Review of tax return filed during the year as per the due dates prescribed
Review of reconciliation report and annual return filed
Review of exemptions and concessions availed during the period We ensure to add value to our service rather than merely a certification activity.