GST Compliance Services – TwinDesk Accounting and Legal Advisors LLP
Whether your business needs tax registration assistance, return filing services, or a custom-built GST compliance
powerhouse, TwinDesk Accounting and Legal Advisors LLP 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 TwinDesk Accounting and Legal Advisors LLP, we provide reliable 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 relevant documents
- Issuing GST-compliant invoices
- Reporting sales and purchases
- Payment of GST liability
- Filing GST returns
Failure to comply with GST regulations can result in significant penalties. Many businesses still lack proper
systems for full GST compliance. If you are looking for a reliable GST compliance service provider in Delhi,
TwinDesk Accounting and Legal Advisors LLP is your trusted partner.
Contact us: ca.naveenpandey@gmail.com
Who Needs GST Registration?
As per Section 22 of the CGST/SGST Act, 2017, any supplier making taxable supplies with an aggregate turnover exceeding
₹20 lakh in a financial year must register under GST. For special category states such as Nagaland, Manipur,
Tripura, and Mizoram, the threshold is ₹10 lakh.
Suppliers exclusively dealing in goods may opt for registration only if their turnover exceeds ₹40 lakh. However,
this exemption 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 supplies, e-commerce, TDS deduction, reverse charge mechanism
(RCM), or online information and database access (OIDAR) services must register under GST regardless of turnover.
Obtaining GST Registration
Once a supplier determines the requirement for GST registration, the next step is completing the online
registration process. The process involves submitting prescribed documents and business details on the GST portal
and is relatively straightforward when handled professionally.
Issuing and Receiving Proper GST Invoices
Invoices play a crucial role in GST compliance as they establish proof of supply and determine the time of supply
(TOS), which triggers GST liability. Proper invoices are also essential for claiming Input Tax Credit (ITC).
A GST-compliant invoice must include:
- Correct HSN/SAC codes
- Applicable GST tax rates
- Supplier’s and recipient’s GSTIN
- Complete details of goods or services supplied
Accurate invoicing ensures seamless ITC claims and avoids disputes with tax authorities.
Identifying Correct HSN/SAC Codes & Tax Rates
Each good or service under GST is assigned an HSN (Harmonized System of Nomenclature) or SAC (Service Accounting Code).
Correct usage of these codes is mandatory while issuing invoices.
- Turnover above ₹1.5 crore and below ₹5 crore – 2-digit HSN codes required
- Turnover above ₹5 crore – 4-digit HSN codes required
- Turnover below ₹1.5 crore – HSN codes not mandatory
Correct classification ensures accurate tax rates and complete GST compliance.
Ensuring Correct GSTIN While Dealing with Vendors & Customers
For smooth GST operations, businesses must:
- Provide their correct GSTIN to vendors for proper ITC claims
- Capture customers’ GSTIN accurately on invoices
Maintaining correct GSTIN records helps avoid mismatches during GSTR-2A reconciliation and ensures error-free
compliance.
Filing GST Returns on Time
Timely filing of GST returns is a mandatory compliance requirement. Even if no business activity occurs during a
tax period, a Nil return must be filed.
All GST returns are filed electronically on the GST portal and cannot be revised once submitted. Corrections, if
any, must be adjusted in subsequent filings.
At TwinDesk Accounting and Legal Advisors LLP, we assist businesses with accurate and timely GST return filing,
ensuring complete compliance with GST laws.
Why Choose a Professional for GST Compliance?
GST compliance involves multiple returns, reconciliations, and regulatory obligations. Engaging a professional GST
consultant ensures:
- Accurate and timely GST return filing
- Proper ITC claims and reconciliation
- Compliance with GST invoicing norms
- Avoidance of penalties and notices
TwinDesk Accounting and Legal Advisors LLP offers expert GST compliance services across Delhi and India, allowing
businesses to remain compliant while focusing on growth.
For GST compliance services in Delhi, contact us at: admit@twindeskllp.com