Karthika and Associates | Chartered Accountants

GST Services & Solutions

Expert GST compliance, filing, and advisory services tailored for your business needs

GST Calculator Our Services

GST Calculator

Calculate your GST liability quickly and accurately

GST Calculation Tool

Our GST Services

Comprehensive GST solutions for businesses of all sizes

GST Registration

End-to-end assistance with GST registration for new businesses, including document preparation and liaison with authorities.

GST Return Filing

Timely and accurate filing of all GST returns (GSTR-1, GSTR-3B, GSTR-9, etc.) to ensure compliance with regulations.

GST Audit

Comprehensive GST audit services to verify compliance, identify risks, and optimize your tax position.

GST Refund

Assistance with GST refund claims, including documentation, application filing, and follow-up with authorities.

GST Compliance

Ongoing compliance monitoring to ensure your business meets all GST requirements and avoids penalties.

GST Advisory

Strategic advice on GST matters including rate classification, input tax credit optimization, and transaction structuring.

GST FAQs

Common questions about Goods and Services Tax

GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services across India. It replaced multiple cascading taxes levied by the central and state governments. GST is a value-added tax collected at each stage of the supply chain, with credit available for taxes paid at previous stages.

Businesses with an annual turnover exceeding ₹40 lakh (₹20 lakh for special category states) must register for GST. Certain businesses like e-commerce operators, casual taxable persons, and those making inter-state supplies must register regardless of turnover. Voluntary registration is also allowed.

The main GST return forms include:
  • GSTR-1: Details of outward supplies (monthly/quarterly)
  • GSTR-3B: Summary return with tax payment (monthly)
  • GSTR-9: Annual return
  • GSTR-4: For composition dealers (quarterly)
  • GSTR-5: For non-resident taxable persons

CGST (Central GST): Collected by the Central Government on intra-state supplies
SGST (State GST): Collected by the State Government on intra-state supplies
IGST (Integrated GST): Collected by the Central Government on inter-state supplies and imports

For example, on an intra-state supply with 18% GST rate: 9% CGST + 9% SGST. For inter-state supply: 18% IGST.

To claim ITC, you must:
  • Possess a valid tax invoice or other prescribed document
  • Have received the goods/services
  • The supplier must have filed their returns and paid the tax to government
  • ITC must be claimed within specified time limits
  • The goods/services must be used for business purposes
ITC cannot be claimed for certain items like personal use, exempt supplies, and blocked credits.
Karthika and Associates | Chartered Accountants