Indirect Tax
Indirect Tax Services
Managing indirect taxation can be complex, but with the right guidance, it becomes more manageable. At Vishnu Aggarwal Associates, we offer indirect tax advisory services to meet the needs of businesses and individuals. Whether you require assistance with GST registration, return filing, reconciliation, or advisory on any aspect of GST, our team provides solutions to ensure compliance with tax regulations.
GST Consultancy
Goods and Services Tax (GST) is an integral part of indirect taxation in India. At Vishnu Aggarwal Associates, we provide GST consultancy services to help you manage your GST compliance efficiently. We offer advice on GST applicability for your business and assist in identifying strategies for tax savings within the legal framework.
What We Offer
Our experienced team covers a wide range of aspects of GST law in India to ensure that your business is compliant and optimized for tax efficiency:
Applicability
- Understanding the levy of CGST, SGST, UTGST, and IGST.
- Determining the timing and place of taxability.
- Guidance on applicable rates and exempted or zero-rated goods/services.
- Insights into deemed supplies and the taxability of composite and mixed supplies.
- Navigating tax liability on Electronic Commerce (ECO).
GST Exemptions
We provide detailed insights into GST exemptions available for various sectors, including:
- Health sector
- Charitable and religious activities
- Agricultural sector
- Legal sector
- Passenger and goods transport services
- Job worker services
- Entertainment sector
- Banking and financial services
- Education sector
- Sports sector
- Transmission and distribution of electricity
Reverse Charge Mechanism (RCM)
- Understanding the taxability of Goods Transport Agency (GTA) services.
- Identifying RCM scenarios and tax liabilities on real estate transactions.
Composition Scheme
- Evaluating eligibility for the Composition Scheme.
- Discussing the advantages and disadvantages of the Composition Scheme.
- Guidance and impact on switching between composition and normal schemes.
Taxable Value
- Determining the taxable value of goods and services.
- Application of GST valuation rules to ensure compliance.
Input Tax Credit (ITC)
- Understanding eligibility and conditions for availing ITC.
- Identifying blocked ITC
- Conditions for availing credit on capital goods.
- Guidance on the reversal of credit availed on capital goods in case of resale.
- Apportionment of credit for goods and services used for purposes other than business.
- Managing common credit attributable to exempt supplies
- Apportionment in case of demerger
- Input Service
- Distribution (ISD) and cross-charge mechanism.
Tax Invoice
- Structuring GST-compliant invoices, debit notes, and credit notes.
- Self-invoicing in case of RCM
- Invoicing by an Input Service Distributor (ISD).
- Scenarios requiring delivery challans
- Advisory on correct HSN and SAC applicability.
- Guidance on E-way bills and E-invoicing requirements.
GST Registration
Obtaining GST registration is an essential step for businesses to comply with indirect tax regulations in India. At Vishnu Aggarwal Associates, we assist businesses and individuals with the GST registration process, ensuring it is completed smoothly and without unnecessary delays. Whether you are a company, firm, or individual business owner, we provide guidance throughout the registration process.
Why Choose Our GST Registration Services?
Applying for Registration
We handle the entire registration process, ensuring that all documentation is in order and submitted promptly. Our end-to-end documentation support guarantees that you can focus on your business while we take care of the paperwork.
Advisory on Need for GST Registration
Not sure if you need GST registration? Our experts will assess your business model and provide tailored advice on the necessity of GST registration helping you make informed decisions.
Advisory on Single/State-wise Registrations
Depending on your business operations and locations, we guide you on whether a single registration or multiple state-wise registrations are more beneficial for your operations.
Amendment in Registration
If you need to make changes to your registration, such as adding a place of business or updating details, our team can assist you with the amendment process efficiently.
Applying for Cancellation/Suspension of Registration
If you need to cancel or suspend your GST registration, we provide expert guidance on the necessary procedures and documentation required to ensure compliance with GST laws.
Return Filing
Filing GST returns on time and accurately is essential to avoid penalties and maintain compliance. At Vishnu Aggarwal Associates, we assist with filing monthly, quarterly, and annual GST returns. We also provide guidance on input tax credit claims to ensure your filings are accurate and in line with GST regulations.
Following is the list of returns and forms under GST law that we provide help with :-
Category : GST Registration
Form No. | Form Purpose |
GST REG-01 | Application for GST Registration |
GST REG-04 | Application for providing clarification /additional information/documents for registration |
GST REG-07 | Application for Registration as Tax Deductor at source (u/s 51) or Tax Collector at source (u/s 52) |
GST REG-09 | Application for Registration of Non Resident Taxable Person |
GST REG-10 | Application for registration of person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered person |
GST REG-11 | Application for extension of registration period by casual/non-resident taxable person |
GST REG-13 | Application/Form for grant of Unique Identity Number (UIN) to UN Bodies/Embassies/others |
GST REG-14 | Application for Amendment in Registration Particulars (For all types of registered persons) |
GST REG-16 | Application for Cancellation of Registration |
GST REG-18 | Reply to the Show Cause Notice issued for Cancellation |
GST REG-21 | Application for Revocation of Cancellation of Registration |
GST REG-24 | Reply to the notice for rejection of application for revocation of cancellation of registration |
GST REG-26 | Application for Enrolment of Existing Taxpayer |
GST REG-29 | Application for cancellation of provisional registration |
Category : Composition Scheme
Form No. | Form Purpose |
GST CMP-02 | Intimation to pay tax under section 10 (composition levy) |
GST CMP-03 | Intimation of details of stock on date of opting for composition levy (Only for persons registered under the existing law migrating on the appointed day) |
GST CMP-04 | Intimation/Application for withdrawal from composition Levy |
GST CMP-06 | Reply to the notice to show cause for denial of composition levy |
GST CMP-08 | Statement for payment of self-assessed tax |
Category : GST returns
Form No. | Form Purpose |
FORM GSTR-1 | Furnishing details of outward supplies |
FORM GSTR-3B | Monthly Return to claim ITC and pay Tax Liability |
FORM GSTR-4 | GST Quarterly Return For Registered Person Opting For Composition Levy |
FORM GSTR-5 | Return by a non-resident |
FORM GSTR-5A | Details Of Supplies Of Online Information And Database Access Or Retrieval Services By A Person Located Outside India Made To Non-Taxable Persons In India |
FORM GSTR-6 | Return by Input Service Distributor |
FORM GSTR-7 | Return by a Tax Deductor at Source |
FORM GSTR-8 | Return by an E-commerce operator/Tax collector |
FORM GSTR – 9 | Annual Return |
FORM GSTR – 9A | Annual Return (Composition Taxpayer) |
FORM GSTR – 9C | Statement of audited annual accounts and a reconciliation |
FORM GSTR-10 | Final Return |
FORM GSTR -11 | Statement Of Inward Supplies By Persons Having Unique Identification Number (UIN) |
Category : ITC forms
Form No. | Form Purpose |
FORM GST ITC-01 | Declaration for claim of input tax credit under sub-section (1) of section 18. |
FORM GST ITC-02 | Declaration for transfer of ITC in case of sale, merger, demerger, amalgamation, lease or transfer of a business under sub-section (3) of section 18. |
FORM GST ITC-03 | Declaration for intimation of ITC reversal on inputs, inputs contained in semi-finished and finished goods and capital goods in stock under sub-section (4) of section 18. |
FORM GST ITC -04 | Details of goods/capital goods sent to the job worker and received back. |
Category : GST refund forms
Form No. | Form Purpose |
GST RFD-01 | Application for Refund |
GST-RFD-01 A | Application For Refund (Manual) |
GST RFD-09 | Reply to show cause notice for rejection of application for refund |
GST RFD-10 | Application for Refund by any specialized agency of UN or Multilateral Financial Institution and Organization, Consulate or Embassy of foreign countries, etc |
Category : GST Appeals
Form No. | Form Purpose |
FORM GST APL-01 | Appeal To Appellate Authority |
FORM GST APL-03 | Application To The Appellate Authority Under Sub-Section (2) Of Section 107 |
FORM GST APL-05 | Appeal To The Appellate Tribunal |
FORM GST APL-06 | Cross-Objections Before The Appellate Tribunal |
FORM GST APL-07 | Application To The Appellate Tribunal Under Sub Section (3) Of Section 112 |
FORM GST APL-08 | Appeal To The High Court Under Section 117 |
GSTR 2A/2B Reconciliation
Reconciling GSTR 2A and GSTR 2B is necessary to verify the accuracy of input tax credit claims. At Vishnu Aggarwal Associates, we provide reconciliation services to help identify mismatches between your purchase records and supplier invoices. This ensures your claims are compliant with GST regulations and minimizes errors in your filings.
Why is GSTR 2A/2B Reconciliation Important?
GSTR 2A and GSTR 2B are automated forms that reflect the purchases made by your business. Reconciling these forms with your internal records is essential to ensure that you are claiming the correct amount of input tax credit. If discrepancies arise, it can lead to issues with compliance and potential penalties.
Why Choose Our GSTR 2A/2B Reconciliation Services?
Hassle-Free GST Input Reconciliation
We take the burden off your shoulders by handling the entire reconciliation process for you, allowing you to focus on running your business.
Timely Reporting
We provide you with timely reports that highlight any exceptions and mismatches between your books of accounts and GSTR 2A and 2B. This helps you stay informed and take necessary actions promptly.
Cost Savings and Improved Cash Flow
By ensuring that your input tax credits are accurately claimed, we help you save money and improve your cash flow. This means more resources for your business.
Reduced In-House Burden
Our services free up your team’s bandwidth, allowing them to focus on core business activities rather than getting bogged down with reconciliations.
Avoidance of Legal Issues
We help you avoid litigations and costs associated with the unlawful and ineligible availment of GST credit. This ensures that your business remains
compliant and protected.
Clean Accounting Practices
We promote hygiene in your accounting and GST compliance, ensuring that your records are accurate and up-to-date.
Management Information System (MIS)
We provide you with MIS reports for timely actions on any lost credits, helping you stay proactive in managing your GST credits.
Why Choose Vishnu Aggarwal Associates?
Expertise
A team of skilled professionals with years of experience.
Compliance Assurance
Adherence to all legal and regulatory requirements.
Tailored Solutions
Customized services to meet your specific needs.
Pan-India Reach
Serving businesses in Delhi, UP, and across the country.
Cost-Effective
Affordable services without compromising on quality.
Get Started with Vishnu Aggarwal Associates Today!
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