GST Registrations II GST Filings II TAX Filings II

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Presentation transcript:

GST Registrations II GST Filings II TAX Filings II

Muditva Has Been Delivering Exceptional Products and High Quality Services to Streamline Business Process and Reduce Spend with the Mission to Enrich Business around the Globe with Muditva's Technology Solutions.

CAPITAL FLOW E-CITIZEN PUPPET SUIT CREATIVE STUDIOS NAVA BHARATH

OUR WORKS WE MAKE AN INOVATION

GST GST REGISTRATIONS GST REGISTRATIONS FOR FOREGINERS GST TEMPORARY REGISTRATIONS GST MIGRATION TAX FILING

INDIAN TAX SYSTEM BEFORE GST CGST SGST IGST UTGST EXCISE DUTY ADE SERVICE TAX SGST IGST VAT CST PURCHASE CVD LUXURY TAX SAD UTGST

ABOUT GST DESCRIPTION GST Indicates good and services tax, GST is one Indirect Tax for the whole nation. this GST bill is India’s biggest reform in India’s tax structure. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

PURPOSE OF GST PURPOSE To introduce one single tax on supply of good and services from manufacturing stage to until its deliver to the final consumer. The GST is a comprehensive value added Tax on the supply of Goods and services. GST will replace all the indirect taxes (like Excise duty, VAT, CST etc.) levied on goods and services by Government once it is implemented.

TYPES OF GST SGST IGST CGST UTGST IGST SGST IGST means Integrated Goods and Service Tax,  IGST is charged when movement of goods and services from one state to another. The three categories under Goods and Service Tax with a concept of on SGST is a part of Goods and Service Tax (GST).SGST means State Goods and Service Tax, one of e tax one nation. CGST UTGST CGST UTGST Central GST (where all goods and services are taxed by the Central government only), the Centre will collect most of the country’s total tax revenue, leaving very little for the sub- national Governments. UTGST is a part of Goods and Service Tax (GST).UTGST means Union territory Service Tax, one of the three categories under Goods and Service Tax with a concept of one tax one nation. 

OUR GST SERVICES: Capital Flow is your personnel auditor which provides all the GST services and Filing through RSC. We empower you to enroll GST and returns in India. The typical time taken to record a GST return is around 1 - 3 working days, subject to government dealing with time and client file settlement. Get a free direction on GST return Reporting by booking a meeting with a Republic Advisor.

GST According to the information and reports collected by our GST expert we will arrange your GST returns on your behalf and will send you for your approval / acceptance. Once the GST application and supporting reports are checked by the Officer, GSTIN and GST Certificate will be given. Our RSC professional expert will collect all the required and necessary reports from you. Then after we will file your GST returns for your company/Business.

GST After the application is prepared, RSC will file for registration under GST with the concerned Tax Department. The Capital Flow Professional GST Expert will collect all the required reports with attestation by preparing your GST application in a particular formal format.

PROCESSING YOUR GST : Approval of your invoiced information. Pulling your buys information as transferred by your seller on GSTN. Coordinating on your key component of your buy exchanges with your merchant's exchanges. Helping you to distinguish following bungles in compromise receipt value| receipt number| charge rate | GST amount| assess segregation| Mathematical inaccuracy| receipt date. Help to rectify criss-crosses in your records through invert bolster. Altered information would be reprocessed to dispose of criss-crosses. Choice of fitting activity for coordinating your exchanges (accept| reject| adjust). Email notices are accessible at different phases of information preparing. Producer - checker for best control. Simultaneous visibility to distinguish partner.

RETURNS UNDER GST GSTR-1 GSTR-2 GSTR-3 GSTR-5 GSTR-9

GST RETURN FILING PROCESS Uploading the final GSTR-1 return form either directly through a data entry mode in GST common portal. Auto draft of provisional GSTR-2 based on the supply invoice details reported by the suppliers. Tax payer to accept/reject/modify such auto drafted provisional GSTR-2. Add additional purchase invoice details in his GSTR-2 which have not been uploaded by counter party. Reconcile the inward supplies with counter-party taxpayers. Finalize their GSTR-1 and GSTR-2 by using online facility at common portal or using GSTN compliant off-line facility. Pay the amount as shown in the GSTR-3 return generated automatically post finalization of activities mentioned in above. Debit the ITC ledger and cash ledger and mentioned the debit entry number in the GSTR-3 return and submit the same.  

GST TEMPORARY REGISTRATIONS The GST Act defines as casual taxable person as a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business. Persons running temporary businesses in fairs or exhibitions or seasonal businesses would fall under casual taxable persons under GST.

GST MIGRATION The existing taxpayers will have to register themselves under the GST. Existing taxpayers are legally responsible to register under GST system portal. An existing taxpayer is an entity registered with every of the authorities. Data automatically migrated to the GST system and a provisional id and password is issued. Migration process is to be completed by furnishing information within three months. Verification and acceptance by department in FORM GST REG-06. OR Application for cancellation of registration if not liable to be registered under GST law in FORM GST REG-29.  

TAXATIONS Tax Registrations Professional Tax GST Filing Profession tax is the tax by the state governments in India. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection.  Tax registration required for businesses trading or manufacturing goods in India.  PROFESSIONAL TAX TAX REGISTRATIONS INCOME TAX FILING GST FILING Income Tax Filing GST Filing any individual whose income exceeds Rs.2,50,000 is required to file an income tax return in India Tax returns and their due date for filing under the GST Law. Understand which all returns are applicable on your business 

GST RATES ON THINGS

IMAPACT OF GST

OUR SALES TEMPLET

BENEFITS OF GST GST is a single taxation system that will reduce the number of indirect taxes. It is also known as stream line of taxes & out shine of non tax payers In the GST system, when all the taxes are integrated, it would make possible the taxation burden to be split equitably between manufacturing and services. Removing cascading tax effect & less complex tax system. GST will also help to build a transparent and corruption free tax administration GST is backed by the GSTN, which is a fully integrated tax platform to deal with all aspects of GST.

GST GSTN GSP ASP OUR NETWORKS GFC GSTN Goods and service tax networking GSTN GSP GSP GST Suvidha provider ASP ASP Application service provider GFC GFC GST Feciliation centre REPUBLIC

WHY WE CHOOSE RSC? FRIENDLY INTERACTION SPEED PROCESS LESS PRICE DATA SECURED RSC

Keep in touch Address Phone E-mail Website Plot-No. 18, Mithila Nagar, Road No.12, Banjarahills, Hyderabad - 500 034 Phone +91 91 00071 585 E-mail support@muditva.com Keep in touch Website www.republichub.in

THANKU