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GST (Goods and Services Tax) compliance

GST (Goods and Services Tax) compliance refers to the set of rules and regulations that businesses must adhere to regarding the collection, filing, and payment of GST. Here are the key details on GST compliance:

GST Registration:

Businesses meeting the threshold turnover criteria set by the tax authorities are required to register for GST. This involves obtaining a GST identification number (GSTIN) which is used for all GST-related transactions.

GST Rates and Classification:

Businesses must correctly determine the applicable GST rates and the classification of goods and services they provide. GST rates vary depending on the type of goods or services supplied.

Issuance of Tax Invoices:

Registered businesses are required to issue GST-compliant tax invoices for all sales transactions. The tax invoice should include details such as the seller's GSTIN, buyer's GSTIN (if registered), description and quantity of goods or services, GST rate and amount, etc.

Input Tax Credit (ITC):

Businesses can claim input tax credit on GST paid on purchases of goods and services used for business purposes. However, ITC can only be claimed if the input tax invoices comply with GST rules and if the goods or services are used for taxable supplies.

Filing of GST Returns:

Registered businesses are required to file GST returns periodically, typically monthly, quarterly, or annually, depending on the turnover and type of business. The GST return includes details of outward supplies, inward supplies, tax liability, and input tax credit.

Payment of GST:

Businesses must pay the GST liability after adjusting the input tax credit within the prescribed due dates. Failure to pay GST on time may attract interest and penalties.

Compliance with GST Audits:

Businesses may be subject to GST audits conducted by tax authorities to ensure compliance with GST laws and regulations. During an audit, authorities verify the accuracy of the GST returns filed and the supporting documentation maintained by the business.

E-way Bill Compliance:

For the movement of goods exceeding certain thresholds within or outside a state, businesses are required to generate an electronic waybill (e-way bill) containing details of the consignment. Non-compliance with e-way bill rules can result in penalties.

GST Compliance Software:

Many businesses use GST compliance software to automate and streamline their GST compliance processes, including invoice generation, return filing, and reconciliation of input tax credits.

Regular Updates and Compliance:

Given the dynamic nature of GST laws and regulations, businesses must stay updated with changes and amendments to ensure ongoing compliance with GST requirements.

Overall, GST compliance is crucial for businesses to avoid penalties, maintain good standing with tax authorities, and ensure smooth operations in the GST regime. It requires meticulous record-keeping, timely filing of returns, and adherence to GST rules and procedures

Documents required for obtaining GST Compliance

GST Registration Certificate

Tax Invoice.

Credit/Debit Note.

Reciept Vouchers & Payment Vouchers.

GST Returns.

Input Tax Credit (ITC) Register

Tax Challans, Export Document, Refund Claims and Annual Accounts.


GST Registration.

Filing of Returns.

Invoice Compilance.

Documentation Assistance.

Comprehensive Guidance.