GST Compliance: Streamlining Your Indirect Tax Lifecycle
GST is a "destination-based" tax that requires rigorous record-keeping and timely digital filings. At Diwakar and Associates, we provide a technology-backed compliance service that ensures your business remains 100% compliant while optimizing your cash flow through proper ITC management.
Why, When & Where is it done?
- Why : To obtain a legal identity as a supplier, claim Input Tax Credit on your purchases, and legally collect tax from customers. Timely filing avoids the blocking of E-Way Bills and heavy late fees.
- When: Registration must be applied for within 30 days of becoming liable. Returns are filed monthly or quarterly (QRMP scheme) depending on your turnover.
- Where: Managed entirely through the GST Common Portal, backed by our internal reconciliation software.
- What is it Done: Application for GSTIN, preparation of outward supply details (GSTR-1), summary filing and tax payment (GSTR-3B), and annual consolidation (GSTR-9).
Applicability Limits (The Numbers)
Goods Suppliers
Mandatory if aggregate annual turnover exceeds ₹40 Lakhs (₹20 Lakhs for special category states).
Service Providers
Mandatory if aggregate annual turnover exceeds ₹20 Lakhs (₹10 Lakhs for special category states).
Compulsory Registration
Regardless of turnover for E-commerce sellers, Interstate suppliers, and those liable under Reverse Charge (RCM).
Composition Scheme
Small taxpayers with turnover up to ₹1.5 Crores can opt for a lower tax rate with simplified quarterly payments (CMP-08).
How we provide this service at Diwakar and Associates
We ensure your GST health through a disciplined four-stage process:
1
Strategic Registration
We help you choose the right registration type (Regular vs. Composition) based on your business model to ensure you don't lose competitive pricing or ITC benefits.
2
GSTR-2B Reconciliation
Every month, we reconcile your purchase invoices with the GST portal. We identify "missing" credits where vendors haven't filed their returns, allowing you to follow up and save money.
3
Accurate Return Filing
We prepare and file GSTR-1 (Sales) and GSTR-3B (Payment summary) with precision. We ensure that HSN codes and tax rates are correctly mapped to avoid department notices.
4
Annual Audit & Reconciliation
For businesses above the threshold, we prepare the GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement), ensuring that your books of accounts perfectly match your GST filings for the entire financial year.
The Impact
End-to-end GST management including registration, GSTR-1, GSTR-3B, and annual reconciliations.
Our Commitment to You
Accuracy is the cornerstone of our practice. At Diwakar and Associates, we commit to being your "Compliance Watchdog." We promise a proactive approach where we notify you of ITC mismatches and upcoming deadlines well in advance. Our goal is to ensure your GST portal remains "Green"—free of notices, penalties, or blocked credits—so you can trade across India with total confidence.
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