What is GST Compliances and why do you need to outsource the services to the professionals - PowerPoint PPT Presentation

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What is GST Compliances and why do you need to outsource the services to the professionals

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Viser Solutions, one stop shop solution for your business related to accounting, bookkeeping, taxation, gst registration, tax return, cfo services, payroll, financial analyses, incorporation services. – PowerPoint PPT presentation

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Updated: 19 November 2021
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Title: What is GST Compliances and why do you need to outsource the services to the professionals


1
What is GST Compliances and why do you need to
outsource the services to the professionals
  • www.visersolutions.com

2
What is GST?
  • GST is known as the Goods and Services Tax. It is
    an indirect tax that has replaced many indirect
    taxes in India such as excise duty, VAT, services
    tax, etc. The Goods and Service Tax Act was
    passed in the Parliament on 29th March 2017 and
    goods and service tax (GST) rolled out in India
    on 1st July 2017, and now it is more than 3.5
    years old. During this period, we have seen many
    changes and updates on a day-to-day basis.
  • Goods and Services Tax is an indirect tax used in
    India on the supply of goods and services. It is
    a comprehensive, multistage, destination-based
    tax comprehensive because it has subsumed almost
    all the indirect taxes except a few state taxes.

www.visersolutions.com
3
GST in India
  • GST is one of the major indirect tax reforms in
    India, but it is not only tax reforms but also a
    change in the way of developing new standards of
    Business Processes.
  • We at Viser solutions, provide an integrated
    outsourcing solution for all these business
    requirements in a single place. We provide GST
    registration for all types of businesses. You can
    rest assured about these compliances and stay
    focused on your core business area to achieve
    your goals and aims.

www.visersolutions.com
4
Benefits of Integrated solutions for GST
compliances
  • Cost-effective for MSMEs Business
  • Timely compliances
  • All services at a single place
  • Assistance for day-to-day Business

www.visersolutions.com
5
Timely compliances
  • In the GST regime, there are too many returns
    GSTR 1, GSTR 3B, Annual Return 9 and 9C, GSTR 4,
    CMP-08, different types of GST Reconciliations,
    and many more to be filed on various dates on a
    monthly or quarterly basis.
  • It is sometimes hectic and stressful for small
    and medium businesses to efficiently meet all
    compliances.
  • Integrated outsource solution takes
    responsibility for filing all returns and
    complete compliances on time and ensuring you are
    stress-free from penalties, Interest levy, and
    timely fulfillment of all compliances.

www.visersolutions.com
6
Cost-effective for MSMEs Business
  • For completion of GST compliances, it is required
    to hire many experts and consultants, software,
    highly skilled team, training for day-to-day
    updates, Heavy penalties, and interest in
    non-compliances. All these prerequisites are cost
    manageable for large-scale organizations but not
    for small and medium organizations. Integrated
    outsource solution for GST compliances provides
    all these experts and requirements at minimum
    cost at a single place.

www.visersolutions.com
7
All services at a single place
  • A business needs many experts like Chartered
    Accountant, Legal consultant, highly skilled
    accountant, IT expert, and software to record GST
    data and reconcile Inward, and outward Tax and
    skilled team to operate all these, etc., and
    require updated knowledge on a routine basis.
    Integrated outsource solution provides all these
    services single-handedly.

www.visersolutions.com
8
Assistance for day-to-day Business
  • Integrated outsource solution provides assistance
    on changes/updates happening on a day-to-day
    basis in Business processes to grow Business in
    todays highly competitive market.

www.visersolutions.com
9
Thank You
  • Read More about GST Compliance and its benefits.

www.visersolutions.com
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