GST Returns

A taxpayer registered under GST, depending on its category, has to file several returns at the GSTN Portal. There are multiple returns of GST Returns prescribed under the GST.
There are multiple GST Returns prescribed under the GST.
The taxpayer can also opt for filing quarterly return if the taxpayer’s turnover in the past financial year is less than Rs 5 Crores.

Various GST Returns are as follows:

Get your GST Returns filed by us. Reach out to us by filling up the query form.

GST Refunds

GST refund is a process in which, registered taxpayers can claim excess amount if they paid more than the GST liability. They can claim after submitting a refund application with the necessary details in the GST portal.

The GST regime has provisions relating to refunds, and it aims at streamlining and standardizing the procedures about refunds under GST. Form RFD-1 is the form used for claiming GST Refunds. The procedure for making claims can be completed online on time.

Situations that can lead to Refund Claims

• Exports of commodities or services
• Deemed exports
• Excess payment because of an error
• Refund of SGST and CGST paid by considering the supply in the course of inter-state commerce or trade
• and many more

Reach out to us by filling up the query form and avail your eligible GST Refunds.

Direct/ Indirect Taxation Advisory Services

We understand the importance of taxation for any business venture. Taxation constitutes a crucial part and so does its advisory. We at Vyom Tax Compliance provides following Taxation Advisory Services.

Direct tax advisory:
1.  Evolving taxation strategy-

Optimizing tax incidence through application of tax incentives, tax holidays and benefits , use of intermediate companies, transfer pricing and other options, comprehensive worldwide tax planning etc.

2.  Inbound and outbound investments-

Advising on Tax and exchange control regulations planning for investments in India and for Indian business concerns setting operations and having investments abroad.

Indirect Taxation Advisory:
1.  GST Compliances-

The filing of return is one of the most important things in compliance under the GST. The GST Returns are required to be filed on monthly, quarterly basis, annual basis upon the eligibility criteria of the taxpayer.

2.  GST Operational Assistance

We assist our clients in day-to-day operations, which they require related to GST.

3.  GST Representation And Litigation Support

We provide complete litigation and representation support to our clients as & when required.

4.  Other Indirect Taxes Advisory and Litigation

We provide opinions and representation before assessing and appellate authorities for the other indirect taxes as may be applicable.

 Transfer Pricing

Transfer pricing law in India applies to both domestic and international transactions which fall above a threshold in terms of deal value. Transfer Pricing was introduced through inserting Section(s) 92A-F and relevant Rule(s) 10A-E of the Income Tax Rules 1962.
It ensures that the transaction between ‘related’ parties is at a price that would be comparable if the transaction was occurring between unrelated parties. The following sections of the Income Tax Act, 1961 apply to international transactions in terms of transfer pricing.

i. Section 92 of the Income Tax Act, 1961

ii. Section 92B of the Income Tax Act, 1961

iii. Section 92A of the Income Tax Act, 1961

A report from an accountant has to be furnished by persons who are entering into an international transaction or a specified domestic transaction.
A report from an accountant in a prescribed form, duly signed and verified by the accountant must be obtained before the specified date by any person entering into an international transaction or specified domestic transaction in the previous year.
The audit is applicable to both international and specified domestic transactions. Form 3CEB must be filed.

Get your Transfer Pricing Audit & Return filed by Vyom Tax Compliance.

International Taxation

With the growing international transactions, there arise cases of international incomes of individuals and artificial juridical persons as well.

Such income is taxable subject to multiple laws of the land and their applicability on the assesse.

The experienced professionals of Vyom Tax Compliance analyze and process the law of the land and thereafter, proceed to file, pay and submit the taxation aspects according to the applicability.

Preparation of provisional & projected financial statements

Financial Statements are prepared at the year end, once the Auditing is undertaken by the Statutory Auditor. However, the financials are sometimes required during the year as well.

The situation arises when there is demand from the banks to present financial statements on provisional and projected basis.

We at Vyom Tax Compliance assist our clients by providing such projected and provisional financial statements as per their requirements keeping in mind the needs of the end user.