GST Services
GST Registration, Monthly Return Filing, GSTR-2B ITC Matching & Notice Defense.
New GST registrations, monthly GSTR-1 and GSTR-3B filings, strict GSTR-2B ITC matching, annual GSTR-9/9C returns, and notice resolution.
Goods and Services Tax (GST) is a destination-based indirect tax levied on the supply of goods and services in India. GST registration is generally mandatory for businesses whose aggregate annual turnover exceeds ₹40 Lakhs for suppliers of goods (₹20 Lakhs in specified Special Category States) and ₹20 Lakhs for suppliers of services (₹10 Lakhs in specified Special Category States), subject to applicable exemptions and special provisions. Registration may also be required in specified cases such as e-commerce operations, reverse charge liabilities, and other notified categories. Registered taxpayers are required to file periodic GST returns, including GSTR-1 and GSTR-3B, either monthly or quarterly, depending on their eligibility under the applicable scheme.
✦ Practice Scope & Regulatory Overview
Goods and Services Tax directly dictates cash flow velocity, vendor selection, pricing structures, and working capital. Navigating dynamic GST notifications, strict Input Tax Credit (ITC) conditions under Section 16(2)(aa), and automated e-way bill portals requires disciplined accounting oversight.
Our practice handles the entire GST spectrum: fresh GSTIN registrations, principal place of business amendments, monthly and quarterly GSTR-1 and GSTR-3B return filings, rigorous GSTR-2B vs purchase register reconciliations, annual GSTR-9 returns, and GSTR-9C reconciliation statements.
We also assist exporters in claiming GST refunds on zero-rated supplies without payment of tax (LUT) or with payment of integrated tax (IGST), and defend businesses against GST DRC-01 notices and departmental audit scrutiny under Section 65.
Key Deliverables & Scope of Work
Documents Required Checklist
Statutory PreparationStep-by-Step Execution Methodology
Data Ingestion & Invoice Cleansing
Importing sales registers and purchase ledgers from client ERP / Tally platforms into GST validation engines.
GSTR-2B Matching & ITC Optimization
Cross-matching purchase entries against auto-drafted GSTR-2B to maximize eligible credit and identify defaulting suppliers.
GSTR-1 & GSTR-3B Tax Computation
Computing net cash liability after adjusting available electronic credit ledger balances and generating tax challans.
Portal Filing & Compliance Docket
Submitting returns on the GST portal via DSC/EVC and archiving filing acknowledgments and challan receipts.
Frequently Asked Questions (FAQs)
Statutory & Practice GuidanceWho is mandatorily required to register under GST in India?
GST registration is mandatory if your aggregate annual turnover exceeds ₹40 Lakhs for businesses dealing exclusively in goods (₹20 Lakhs for special category states), or ₹20 Lakhs for service providers (₹10 Lakhs in special states). Registration is also compulsory regardless of turnover for businesses engaged in inter-state taxable supplies, casual taxable persons, e-commerce sellers, and entities liable under Reverse Charge Mechanism (RCM).
Why is monthly GSTR-2B reconciliation critical for claiming Input Tax Credit (ITC)?
Under Section 16(2) of the CGST Act, Input Tax Credit is subject to prescribed conditions, including the supplier's furnishing of relevant invoice details and their communication to the recipient. GSTR-2B provides an important basis for reconciling eligible ITC with supplier-reported data. Regular GSTR-2B reconciliation helps identify missing invoices, mismatches and potentially ineligible ITC before the return is filed, reducing the risk of tax demands, interest and penalties.
What are the penalties for late filing of GSTR-1 and GSTR-3B?
Late filing of GSTR-3B incurs a statutory late fee of ₹50 per day of delay (₹25 CGST + ₹25 SGST), or ₹20 per day for NIL returns, subject to statutory maximum caps. In addition, 18% per annum interest is levied on the net cash tax liability from the due date until the date of payment.
Who needs to file the GST Annual Return (Form GSTR-9 and GSTR-9C)?
Form GSTR-9 is mandatory for all regular taxpayers with annual turnover exceeding ₹2 Crores. Form GSTR-9C (reconciliation statement) is mandatory for taxpayers whose aggregate annual turnover exceeds ₹5 Crores in a financial year.
Can an exporter of services or goods claim a refund of unutilized GST credit?
Yes. Zero-rated supplies may be exported without payment of IGST under a Letter of Undertaking (LUT), with a refund of eligible unutilized Input Tax Credit, subject to applicable conditions. Alternatively, exports may be made on payment of IGST and the exporter may claim a refund of the IGST paid, subject to the prescribed procedure and conditions. The refund mechanism and procedure may differ for exports of goods and services.
What is a GST DRC-01 notice and how should a business respond?
Form GST DRC-01 is an electronic summary of a Show Cause Notice issued by the GST authorities in proceedings involving matters such as tax short-payment, erroneous refunds or wrongful/excess Input Tax Credit. Businesses should carefully examine the notice, reconcile the underlying records and submit an appropriate response, generally in Form DRC-06, within the time specified in the notice.