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Introduction

Whether your business needs tax registration assistance, return filing services, or a custom-built GST compliance powerhouse, Professional Services ensures the best expertise at your disposal. Our team consists of GST domain experts, chartered accountants, and lawyers dedicated to serving you in every aspect, from tax analysis to specific projects and GST compliance solutions in India. We guide you through the complexities of GST regulations and help you achieve optimal results in structuring your transactions.
 

What is GST Compliance?

At Naveen Pandey & Associates, we provide the best GST compliance services in Delhi. The GST Council has established rules and regulations that every GST-registered business must follow. These compliance requirements typically include:

• Maintaining books of accounts and other relevant documents
   
• Issuing invoices
   
• Reporting sales and purchases
   
• Payment of tax liability
   
• Filing GST returns
   

Failure to comply with these regulations can result in significant penalties. Unfortunately, many businesses have yet to adopt the right processes for achieving full GST compliance. If you are looking for a reliable GST compliance service provider in Delhi, Naveen Pandey & Associates is your best choice. Contact us at [email protected] for expert assistance.

Who Needs GST Registration?

As per Section 22 of the CGST/SGST Act, 2017, any supplier making taxable supplies with an aggregate turnover exceeding Rs. 20 lakh in a financial year must register under GST. However, the threshold is Rs. 10 lakh for special category states like Nagaland, Manipur, Tripura, and Mizoram.
 

Certain suppliers, such as those exclusively supplying goods, may opt for registration only if their turnover exceeds Rs. 40 lakh. However, this relaxation does not apply to businesses dealing in:
 

• Ice cream and other edible ice
   
• Pan masala
   
• Tobacco and tobacco products
   

Additionally, businesses involved in inter-state taxable supplies, e-commerce, TDS deduction, reverse charge mechanism (RCM), or online information and database access (OIDAR) services are required to register under GST, irrespective of their turnover.
 

Obtaining GST Registration

Once a supplier determines their GST registration requirement, the next step is to complete the online registration process. The registration process is straightforward and involves submitting the required documents and information on the GST portal.
 

Issuing and Receiving Proper GST Invoices

Invoices play a crucial role in GST compliance. They serve as proof of supply and determine the time of supply (TOS), which dictates when GST liability arises. Proper invoices are also necessary for claiming Input Tax Credit (ITC).
 

A GST-compliant invoice should include:
 

• Correct HSN/SAC codes
   
• Accurate tax rates
   
• The supplier’s and recipient’s GSTIN
   
• Details of goods/services supplied
   

Correct invoicing ensures smooth ITC claims and avoids disputes with tax authorities.
 

Identifying Correct HSN/SAC Codes & Tax Rates

Each good and service under GST is assigned a specific HSN (Harmonized System of Nomenclature) or SAC (Service Accounting Code). These codes must be used correctly while issuing invoices.
 

• Businesses with turnover above Rs. 1.5 crore but below Rs. 5 crore must use 2-digit HSN codes.
   
• Businesses with turnover above Rs. 5 crore must use 4-digit HSN codes.
   
• Businesses with turnover below Rs. 1.5 crore are not required to use HSN codes.
   

Using the correct codes ensures accuracy in tax rates and compliance with GST regulations.
 

Ensuring Correct GSTIN While Dealing with Vendors & Customers

For smooth GST compliance, it is crucial to:
 

• Provide your correct GSTIN to vendors to ensure proper ITC claims.
   
• Capture your customer’s GSTIN on invoices so they can claim ITC.
   

Accurate GSTIN records help businesses avoid mismatches in GSTR-2A reconciliation and ensure seamless operations.
 

Filing GST Returns on Time

Timely GST return filing is an essential compliance requirement. Even if a registered person has no business activity for a particular period, they must still file a Nil return.
 

All returns must be filed electronically on the GST portal. Once submitted, they cannot be revised, but corrections can be made in subsequent filings. Managing return filing without professional assistance can be challenging. At Naveen Pandey & Associates, we assist businesses in filing their GST returns online, ensuring error-free compliance.

Why Choose a Professional for GST Compliance?

Managing GST compliance involves multiple returns and regulatory requirements. Hiring a professional GST consultant ensures:
 

• Accurate and timely GST return filing
   
• Proper ITC claims and reconciliation
   
• Compliance with GST invoicing and documentation rules
   
• Avoidance of penalties due to non-compliance
   

At Naveen Pandey & Associates, we offer top-quality GST services in Delhi and across India. Our expert team helps businesses stay compliant while focusing on their core operations.

If you are looking for GST compliance services in Delhi, contact us at [email protected] and experience the finest GST solutions from our experienced professionals.