At BC Shetty & Co., we specialize in simplifying the complexities of taxation and compliance for businesses. Recognized as a trusted GST consultant in Hyderabad, we offer expert financial, accounting, and advisory services to help businesses stay aligned with the latest tax regulations. Whether you are a startup, an established business, or a multinational corporation, we make the GST registration process seamless and stress-free.
Goods and Services Tax (GST) is a unified tax system that replaces multiple indirect taxes like VAT, excise duty, and service tax. It ensures uniformity by applying the same tax rates across India for goods and services. Businesses with turnover exceeding the prescribed threshold must obtain GST registration to stay compliant.
For example, if you operate a clothing store, GST applies to the clothes you sell while also allowing you to claim credit for the GST paid on materials purchased. This not only ensures compliance but also improves your business's financial transparency.
Businesses can use the Input Tax Credit mechanism under Goods and Services Tax to offset the tax paid on inputs against the tax on outputs. This lowers the overall tax burden, reducing operational costs and improving cash flow.
Exporters can claim refunds on unutilized Input Tax Credit when the tax paid on inputs exceeds their output tax liability. This improves liquidity and allows reinvestment, boosting competitiveness in global markets.
The Goods and Services Tax E-Way Bill system streamlines the transport of goods across states and within the country. It reduces delays, lowers costs, and enhances supply chain efficiency.
Eligibility Criteria for GST Registration |
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Turnover ThresholdExceeding Rs. 40 lakhs for goods or Rs. 20 lakhs for services. |
Interstate SupplyBusinesses supplying goods or services across state borders. |
E-commerceSellers on e-commerce platforms. |
Casual Taxable PersonOccasional suppliers of taxable goods or services. |
Non-Resident Taxable PersonForeign entities supplying goods or services in India. |
Businesses surpassing the threshold limit with frequent GST filings.
For businesses with annual turnover under Rs. 1.5 crore, offering lower tax rates and simpler compliance.
Temporary suppliers, like event organizers.
Foreign businesses operating in India.
Our team offers a comprehensive, step-by-step solution to ensure your new GST registration is hassle-free:
We begin with an in-depth consultation to understand your business model, turnover, and specific compliance needs. Based on this assessment, we guide you in selecting the most suitable GST registration type.
1
We assist in gathering and verifying all required documents, ensuring error-free submissions. Our experts ensure you meet all documentation requirements efficiently.
2
Our team will fill out the GST REG-01 form on your behalf, ensuring all the information provided is accurate and in line with your business requirements.
3
We will submit your GST application to the GST portal, carefully managing the process to avoid delays or rejections.
4
Once submitted, we track your application and promptly address any queries raised by the authorities. Upon approval, we ensure a smooth issuance of your GST Identification Number (GSTIN).
5
Beyond new GST registration, we provide ongoing support with tax filing, advisory services, and continued compliance with GST regulations.
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Personalized Service
We offer tailored GST solutions that are designed to meet your business's specific needs.
Compliance Assurance
Our team ensures your business stays compliant with all GST regulations, so you avoid any legal trouble.
Local Expertise in Hyderabad
As trusted tax consultants in Hyderabad, we understand the nuances of local tax compliance, ensuring your business adheres to all requirements.
Quick Turnaround Time
We expedite the GST registration process, ensuring your business is GST-compliant without unnecessary delays.
For reliable GST consultation and seamless registration, trust BC Shetty & Co. to handle all your GST needs in Hyderabad. Our expert team ensures smooth compliance from start to finish.
If you’re also seeking professional auditors in Hyderabad, we’re here to assist. Contact us today for personalized services tailored to your business requirements.
GST registration in Hyderabad is mandatory for businesses whose turnover exceeds ₹40 lakhs (for goods) or ₹20 lakhs (for services), or for those making inter-state sales.
The purpose of a tax audit is to ensure that taxpayers maintain proper books of accounts and comply with the Income Tax Act provisions.
The tax audit report needs to be filed electronically using the Income Tax Department's online portal.
The due date for filing the tax audit report as per Section 44AB is September 30th of the relevant assessment year.
If taxpayers fail to get their accounts audited or submit the tax audit report by the due date, they may be liable to pay the penalty. The penalty equals 0.5% of the taxpayer's turnover or gross receipts.
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