GST Services

GST registration in India is a mandatory, PAN-based, 15-digit online process (GSTIN) for businesses with annual turnover exceeding ₹40 lakh (₹20 lakh for services/special category states). It enables legal tax collection, input tax credit claims, and must be completed within 30 days of liability. Registration is done via the GST Portal. 

Ensure accurate and timely GST return filing with Korrectax's expert accountants. We handle all complexities, guaranteeing compliance and freeing you to focus on your core business.

Even if your business has had no sales, purchases, or other transactions during a specific tax period, filing a Goods and Services Tax (GST) return is still a mandatory compliance requirement. This is where GST NIL Return Filing comes in. A GST NIL return signifies to the tax authorities that your business had zero outward supplies (sales), zero inward supplies (purchases), and no tax liability for the given period. It's crucial for active GST-registered businesses to file NIL returns promptly to avoid late fees and penalties, maintaining a clean compliance record. At Korrectax, we understand that even 'nil' compliance can seem daunting. Our expert services ensure your GST NIL returns are filed accurately and on time, keeping your business fully compliant without any hassle. Let us handle your statutory obligations so you can focus on growing your business, even during periods of inactivity.

Korrectax offers a robust GST E-Invoicing Software designed to simplify compliance and enhance your business efficiency. Our solution automates the end-to-end e-invoicing process, ensuring seamless generation, registration, and reporting of invoices to the Invoice Registration Portal (IRP).With Korrectax E-Invoicing Software, you can: Generate IRN and QR Codes Instantly: Automatically create Invoice Reference Numbers (IRN) and dynamic QR codes for all your B2B invoices, credit notes, and debit notes. Ensure Compliance: Stay updated with the latest GST regulations and effortlessly comply with e-invoicing mandates, avoiding penalties. Reduce Errors and Mismatches: Minimize manual data entry errors and ensure accurate, real-time data submission, leading to smoother GST returns and ITC claims. Streamline Operations: Integrate with your existing ERP or accounting systems for a unified and efficient invoicing workflow. Gain Real-time Insights: Access comprehensive dashboards and reports for better visibility into your invoicing data and business performance. Enhance Security: Securely store and manage your e-invoices with advanced encryption and data protection protocols. Trust Korrectax to transform your e-invoicing journey, making it simple, compliant, and cost-effective.

The Letter of Undertaking (LUT) under GST is a crucial document for businesses engaged in exporting goods or services from India. It allows exporters to make exports without paying Integrated Goods and Services Tax (IGST) by simply furnishing a bond or LUT. This streamlines the export process, enhances working capital efficiency by eliminating the need for upfront tax payments and subsequent refunds, and promotes India's competitiveness in the global market. Filing a GST LUT is mandatory for all registered persons who intend to export goods or services without paying IGST. This facility is typically available to exporters who have not been prosecuted for any offense under the CGST Act or any other existing law where the tax evaded exceeds a specific threshold. The LUT is valid for a financial year and must be filed online through the GST portal. By opting for the LUT, businesses demonstrate their commitment to fulfilling all GST obligations, thereby facilitating smoother and more efficient international trade operations.

Understand the intricacies of GST Notices, official communications from tax authorities regarding compliance, discrepancies, or audits. Korrectax provides expert guidance and support to help you effectively respond and resolve any GST-related notices.

Ensure seamless GST compliance with Korrectax's expert GSTR-9 Annual Return filing services. GSTR-9 is a crucial annual consolidation of all monthly/quarterly GST returns (GSTR-1, GSTR-3B) filed by regular taxpayers, reconciling turnover, tax paid, and input tax credit data. We simplify this complex process, ensuring accurate and timely submission to avoid penalties and maintain good standing with tax authorities.

Foreign entities and non-resident taxable persons conducting business or supplying goods/services in India are required to obtain Goods and Services Tax (GST) registration. Korrectax specializes in simplifying this complex process, ensuring full compliance with Indian tax laws and facilitating smooth market entry for international businesses.

Simplify your GST compliance with Korrectax's advanced GST Invoicing & Filing Software. Designed for seamless operation, our solution automates invoicing, expense tracking, and GSTR filing, ensuring accuracy and saving you valuable time. Effortlessly manage all your GST-related tasks, maintain impeccable records, and stay compliant with the latest regulations, empowering your business to focus on growth, not paperwork.

Effortlessly manage changes to your GST registration with Korrectax. Our expert services ensure accurate and timely amendments to your business details, ensuring full compliance and avoiding penalties.

Korrectax offers expert assistance for GST Revocation, helping businesses reinstate their cancelled GST registration. Our service guides you through the process of addressing the reasons for cancellation and filing the application for revocation, ensuring your business remains compliant and operational. Avoid penalties and disruption with our timely and efficient support.

GSTR-10, often referred to as the Final Return, is a mandatory GST return required to be filed by taxpayers whose GST registration has been cancelled or surrendered. This return ensures that all outstanding tax liabilities are settled and accounted for before the official closure of the GST registration. It must be filed within three months from the date of cancellation or the date of the order of cancellation, whichever is later. Filing GSTR-10 is critical for declaring details of: Input Tax Credit (ITC) reversal on stock held, including semi-finished and finished goods, and capital goods on the date of cancellation. Any remaining tax liability on capital goods and plant & machinery. Other relevant details to reconcile all financial transactions up to the date of cancellation. Korrectax assists businesses in accurately preparing and timely filing their GSTR-10, ensuring complete compliance and a hassle-free conclusion to their GST registration process.

Korrectax GST Software for Accountants is an advanced, all-in-one solution designed to streamline Goods and Services Tax compliance for tax professionals. Our robust platform empowers accountants to efficiently manage GST for multiple clients, ensuring accuracy, saving valuable time, and maintaining compliance with the latest regulations. Key features and benefits include: Automated Return Filing: Seamlessly prepare and file GSTR-1, GSTR-3B, GSTR-9, and other returns with intelligent data mapping and validation. Intelligent Data Reconciliation: Effortlessly reconcile GSTR-2A/2B with purchase data, identify mismatches, and manage input tax credit (ITC) claims effectively. Client Management Dashboard: Centralized dashboard to manage multiple client GST profiles, track filing statuses, and access historical data with ease. Error Minimization: Built-in validation checks and alerts help prevent common errors, ensuring accurate and compliant filings. Comprehensive Reporting: Generate insightful reports and analytics to provide clients with clear visibility into their GST liabilities and ITC positions. Secure and Scalable: Robust security measures protect sensitive client data, while the scalable platform grows with your practice. User-Friendly Interface: Intuitive design minimizes the learning curve, allowing your team to become proficient quickly. Empower your practice with Korrectax GST Software, the trusted choice for accountants seeking efficiency, accuracy, and peace of mind in GST compliance.

Establish a professional business presence and secure your GSTIN using our Virtual Office service. Obtain a prestigious address for GST registration, ensuring compliance and credibility without the need for a physical office. Ideal for startups, freelancers, and businesses seeking cost-effective expansion.