Advisory Firm in India for GST Refund Services

What is GST?

The Goods and Services Tax, commonly known as GST is an indirect tax reform that has been introduced in India in the year 2017. This new regime has taken over and replaced the old tax rules and forms that were implied by the Central as well as State Governments previously on the taxpayers. The GST Council under the supervision of the Ministry of Finance governs the GST all over the country. The Central Goods and Services Tax (CGST) Act, 2017 regulates the regime which came into effect on 1st July, 2017. The new regime describes various procedures and processes for GST Registration, GST Refund Service, return filling etc. through the provisions in the said act.

Structure of Goods and Services Tax in India:

There are three types of GST applicable in the country that regulates the whole regime and forms the pillar of the taxation services in the country. These are as follows-

  1. Central Goods and Services Tax (CGST): As per this the taxes and the revenue from the taxpayers is collected by the Central Government.
  2. State Goods and Services Tax (SGST) or Union Territory Goods and Services Tax (UTGST): This empowers the state or the union territory governments to collect the applicable taxes from the taxpayer for the intra-state sales and purchases.
  3. Integrated Goods and Services Tax (IGST): This empowers the Central Government to collect taxes from the taxpayers for the sales done as inter-state.

GST Refund Advisory Services:

GST Refund is one of the main procedures that have been mentioned in the CGST Act, 2013. GST Refund can be defined as a process in which the taxpayers registered under the GST can claim for the taxes paid under the regime in various cases. It can be because of wrongly paid taxes or unutilized Input Tax Credits or paying double taxes by mistake. A taxpayer can claim a GST Refund through an online application on the GST Portal. GST Refund Advisory services are provided by qualified professionals to help the taxpayers in claiming the refund without any mistake and accurately. 

Ezybiz India Consulting LLP- GST Compliances and GST Refund Advisory Services in Delhi, India:

If a taxpayer is maintaining or running a business in India, then it mandatory for them to have GST Registration as per the CGST Act, 2013. They are bound to file GST Return Filing and fulfill other GST Compliances as per the act. And the businesses are required to be compliant for avoiding penal actions. Ezybiz India Consulting LLP is a leading GST Consultant and GST Refund Advisory service provider firm that can help your business with every kind of GST Compliance and provide you with GST Registration, return services and other consulting services.

Filing Procedure for GST Refund in India:

While providing the GST Refund Advisory, our firm helps the client with the whole application process for claiming a refund. The GST Regime enables all types of business entities irrespective of the turnover or threshold limit to take advantage under the new tax reform for boosting growth and development. Our team of professional makes GST Refund application on your behalf through online mode. The whole procedure is completed by the professionals and the client, just have to provide their complete details and information and the application is done without the hassle.

Author: Anil Agrawal
EZYBIZ India Consulting LLP, New Delhi. The firm is business and tax consultancy firm providing consultancy in Taxation, Regulatory, Transfer pricing, Valuation, Corporate funding and Business set up matters. He may be reached at 9899217778 or anil@ezybizindia.in.