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gst PREPARATION
VAYU STRATEGY
- Prepare accurate tax returns that are filed on time
- Calculate estimated taxes for self-employed small business owners
- Develop tax planning strategies that reflect individual financial goals
- Electronic filing and direct deposit for a faster tax refund
- File Extensions and calculate estimated tax to avoid interest and penalties
- Take advantage of certain investments to produce tax exempt income
GOODS & SERVICES TAX
Goods and Services Tax (GST)
It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff
GST RATES
GST is applicable to you if your annual turnover or Sales is Rs. 20 lakh or above. Goods and services are taxed at the NIL rate, 0%, 5%, 12% ,18% and 28%.
IGST
Integrated GST (IGST) would be levied and collected by the Centre on inter-State supply of goods and services.
COMPOSITION SCHEMES
Small taxpayers with an aggregate turnover in a preceding financial year up to [Rs. 50 lakhs] shall be eligible for composition levy. Under the scheme, a taxpayer shall pay tax as a percentage of his turnover in a state during the year without the benefit of ITC.
Reverse Charge
It means the liability to pay tax is on the recipient of supply of goods and services instead of the supplier of such goods or services in respect of notified categories of supply.
GST TDS
This provision is meant for Government and Government undertakings and other notified entities making contractual payments where where total value of such supply under a contract exceeds Rs. 2.5 Lakhs to suppliers.
WHY VAYU STRATEGY
We are a technology-driven platform, offering services that cover the legal needs of startups and established businesses. We guide you on various options and provides GST registration services to Individuals, Proprietors, Partnership Firm, Company.
BUSINESS RELATIONS
We will help, guide and advise on the Tax Notices related to assessment, tax calculation, etc. We help you to taking right and good decision from our expert team.