GST Support Services


Description

The main challenge any business faces is with thier Billings and especially Purchases/Inwards supplies and from October 2020 there is no option but to be completely dependant on you supplier uploaded bills if you are not mantaining the billings. Challenges: 1. No Proper Purchase records mantained 2. No Vendor wise information available 3. No Reconciliations feasile if 1 and 2 are not done 4. Credit availed basis 2A/2B and never checked the correctness /completenes as per our purchase records As per our reserach there are cases where Software is also bought but due to no delegation of accounting and insufficentl time the records are not mantained Solution : Why you should outsource your Puchase recording and reconciliation and what support is available:  1. Record your purchases as per Government requirements 2. Reconciliation to be done on Monthly basis and Cumulatively as well 3. Document and Vendor wise reports should be Generated 4. Vendor wise rating check to avoid issues later. And what if you get Support to the extent of Vendor communication and followup as well. (NDAs will be signed and Followup will be taken after following a proper KYC of a particular vendor)  Important Facts 1. Input Tax credit will be reversed if excess credit availed and vendor has not uploaded the bills 2. Input Tax Credit lapses after 30 Sep or Annual Return, may lead to huge losses 3. Input tax credit to be reversed if payment not made with 180 days We can help you in end to end accounting, reconciliations, tax compliance and return filings with GST Authorities.  'It will not only save your tax credits but will also save the penalties' Most Importanty your precious time as you can focus on your core business activities The main challenge any business faces is with thier Billings and especially Purchases/Inwards supplies and from October 2020 there is no option but to be completely dependant on you supplier uploaded bills if you are not mantaining the billings.


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