Goods and Service Tax was launched in the year July 2017. Since then most of the businesses in India are required to get registered under this act. In daily operations, GST is posing a challenge to many small as well as large enterprises.
A large number of taxpayers receive show-cause notice for the wrong availment of an Input tax credit, refund issues, incorrect discharge of liability. In these cases, consultation is required. We at Gstmentor are a team of Chartered Accountants & GST Practitioners who advise numerous clients on daily basis.
Gstmentor provides guidance and steps to be undertaken by the clients to be GST compliant. The GST law is different is from previous indirect tax laws. There are different types of penalties and notices which can be levied by the GST Department in case of noncompliance.
Goods and Service Tax has an impact on accounting, logistics, data preparation, and every facet of a business segment. The documents to be maintained, the returns to be filed, refunds to be claimed, levy of tax, the incidence of tax is what is handled by us.