GST Outsourcing is a specialized service provided by experts in that field. Outsourcing is a wise and profitable option for those who would like to concentrate on core business and leave the statutory compliance works to trustworthy national-level service provider who is specialized in that field.
E-governance initiatives by Government of India in the tax compliance domain to check tax evasion are increasing the complexities, demands huge data and timely compliance. Non-compliance / delayed compliance or furnishing inaccurate particulars is now easily traceable and attracts heavy penalties.
Bhaswa’s focus is on small and medium businesses/traders/MSMEs in various business verticalswho have signed upfor our outsourcing solution.
Why Outsource? Give us a Missed Call on +91 80 10 109 108. We will call you and explain
Please take a few minutes to read the following in your own interestto make an important decision, which will save your money and from the hassles of rigorous tax compliance procedures:
GST Regime requires every business to be on its toes and never lets you relax. Why?
Small and medium businessmen will find it harder as the compliance work increases and many of them are not aware of the latest technologies.Every dealer has to file monthly 3 returns and 1 annual return which make total 37 returns to be filed annually and has 4 due dates every month and spread over the month.
Return filingis compulsory for all persons having GST registration irrespective of turnover or profit and even cases of nil business in a month.
GST has 4 due dates every month i.e. GSTR-1: 10th, GSTR-2: 15th, GSTR-1A: 16-17th, GSTR-3: 20th
GSTR-9 Annual Return on 31st December in the following financial year&GSTR-9B in audit cases.
Now, this is never-ending and ever-demanding exercise of submission of sales, purchase & tax data.
Now let us understand the penalty situations for example:
A penalty of Rs.200 per day is levied for late filing subject to a maximum of Rs.5000 for every GST return.
If you fail to file GSTR-1 return on the 10th, then you would not be able to file GSTR-2 return on the 15th and so on. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.
If GST return for a month is not filed, then GST return for the next month cannot be filed.
Even without an intention of tax evasion, if the dealer commits a genuine mistakemaking short payments, he has to pay a penalty of 10% of the tax amount due subject to a minimum of Rs. 10,000/=.
Either you do not have an competent Accountant
Or even if you have a full-time Accountant,check if he is an expert in GST law and is dependable, as our survey says that there is 30% to 40% absenteeism or he will leave the job without notice for better pay.In such cases you tax work is in dinand GST Return filing is delayed or mistakes are made in the Return, you end up paying a penalty and your GST Compliance Rating goes down.
Or you approach a CA / Tax Practitioner, who is very expensive and may charge Rs. 5000/- or more per month for filing returns. Now this is a permanent requirement and it does not make any business sense to pay more, if the same work with higher quality can be done in 25% of the cost resulting in 75% savings.You simply will be saving more than Rs.60,000/- every year by outsourcing to us and even get higher quality and dependable service.
Bhaswa’s GST BPO initiative is the brain child of Sri PVSR Murthy, a Practicing Chartered Accountant and a qualified Cost Accountant with a rich and longstanding experience of 28 years in direct & indirect taxation.
Bhaswa has a proven track record of executing large data collection, entry and data processing projects on India’s landscape in various States like Socio-Economic Caste Census, Aadhaar enrolment, updation& authentication, Paper-less Courts, TDS Returns, PAN Cards, eKYC, etc.
Bhaswa’s state-of-the-art service delivery facility at Hyderabad with best data security, information management practices and business continuity capabilities geared up to serve around 1 lakh Tax Payers.
Fully automated, state-of-the art Software to handle the GST compliance task with seamless information to client.
Mobile app for dealers for seamless information on their filings.
Battery of CAs, Cost Accountants & Company Secretariesformonitoring advisory services to tax payers.
Nation-wide network of over Accounting Process Associates, Customer Care executives & facilitators through which we serve a small business/trader/SME in Kashmir, Kanyakumari, Kachchh-Bhuj in Gujarat, Kibithu in Arunachal Pradesh.
Turn-key Service offering of Invoice data capture – Tax filing - Audit.
End-to-End GST filing compliance including data-entry of Purchase & Sales Invoicesat Customer’s business premises in GSTN formats.
Follow-up service with suppliers for missing tax credits, Mismatch Reconciliation, Tax Ledgers and MIS Reports.
Low priced simple solution for small and medium businesses.
Our expertise in the profession for the past 28 years coupled with 7 years of experience in handling big-data projects helps us in delivering seamless, accurate, consistent service of high standard in a cost effective manner to our clients, ensuring the best practices.
Seamless information to taxpayer on the status of their filing
Customer Care: Bhaswa understands how worried the dealers would be, when it comes to tax matters. Precisely for this reason at Bhaswa, we have set up a strong customer care division, where you can reach out for professional guidance from our battery of CAs, Cost Accountants, Company Secretaries & retired tax officials through voice, video calls or e-mails.
Correctness of work: Our experts take care regarding the correctness of data. We help our clients ensure that the data meets the legal and technical requirements.
Commitment to deadline: Our processes ensure that the returns and other compliance deadline are never missed.
Data Confidentiality: Our processes use the state of the art technology like PKI encryption (legally valid encryption) which ensures that your data is not compromised at any level.
Completeness of work: Our skilled manpower and well defined process ensures that the completed work meets the quality criteria and nothing is missed in the entire process.
In a literal sense, we provide end-to-end services for GST compliance that are as follows:
Invoice Accounting (GST format)
E-way bill generation
GST Tax Return preparation, support in Tax Payments, Refunds
GST Tax Return filing (uploading to GST portal)
Alerts & follow-up with your Suppliers for missing / unmatched input tax credits
Tax Audits by Chartered Accountants/Cost Accountants in case the annual turnover exceeding Rs.1 Crore
Representation in Assessments& Appeals
Advance Ruling Cases
The dealer can sign-up for all or any services from the basket.
Invoice module: We generate Invoices in the GSTN format and upload the same for e-Way Bill generation for those customers who do not computers & software, or the required manpower.
E-way Bill generation: We help you generate your E-way Bill within 10-15 minutes of your communication of the transaction details to our Data Processing Center.
GSTR-1 Upload & Filing: We upload sales invoices as well as file GSTR 1 return, offering zero-error accuracy, with adequate checks & controls, and client approvals.
GSTR-2A Download: Download counterparty sales invoice data from GST portal for matching purposes.
Reconciliation: Fully Automated Reconciliation Process for matching purchase invoices as per dealer books of accounts& GSTN portal.Reject ITC,ifineligible as per law.
Follow-up Service with yourSuppliers in case ofmissing / unmatched ITC: Input Tax Credits are the key and at the heart of GST mechanism. If credits are missing / less / unmatched, your tax liability goes up and you end up paying tax twice on the transaction.
Our Call Center supports business firms, by extending a follow-up service with your suppliers for missing / unmatched tax credits and at the same time providing information to you, which will relieve you from the burden and allow you to concentrate on your core business.
GSTR 2 Filing: Upload of final GSTR-2 return after matching of purchases downloaded from GST Portal.
Ledger Balance: DDownload/View cash and credit ledgers from GST portal.
ITC Utilization & Cash Balances: Adjustment of taxes between SGST, UGST, CGST& IGST.
GSTR 3 filing: File GSTR 3 Return.
Amidst your busy schedule, you tend to miss following up with your customer for the monies due on the Invoices. This leads to loss of Interest and lowers circulation of money in business. Subscribe to our Customer Receivables follow-up pack‘. Our Call Center will pursue your customer receivables, giving you adequate free-time to maximize your sales.
Sec.35(5) of the GST Act(s) prescribe for Tax Audit by Chartered Accountant/Cost Accountant, if the turnover of a registered person exceeds the prescribed limit and shall submit a copy of the audited annual accounts and reconciliation statement in GSTR 9b as required u/s. 44(2) annually on or before 31st December following the financial year ending on 31st March.
GST-Bhaswa provides audit services for its customers.
GST-Bhaswa provides all its customers, taxation advisory services. Customers can call our Toll free number and seek advice from Taxation Experts, who would be available between 4 to 6 p.m. For each query a consultation fee of Rs.250/- is charged.
If your trade / industry have a grievance on GST, please get in touch with us and we would become your voice and represent you problem with the GST Council. Our Tax expert team would study your problem from the legal angle, and would draft the petition giving 360 degrees view and represent you appropriately with the Council Authorities. We have a track record of representing the Paint Manufacturers Association and MSMEs. Click here to register you problem.
Bhaswa serves all categories of dealers
Regular Tax Payers
Composition Tax Payers
Input Service Distributor
If your account booksare maintainedmanually, don’t have to change your working style, don’t have to buy a computer, accounting software and employ an accountant. Bhaswa will deploy its Accounting Process Associate (APA) to your business premises and process your accounting data and also GST Tax Return Processing.
If your accounts are computerized using accounting software and you have a part-time or full-time Accountant, then you can submit us the invoice and tax data, and we will process you GST Returns.
If you would like to process your own GST Return, then Bhaswa would extend its services in GST Return uploading.
If you require, we will extend our services in generating the E-Way Bills for you.
At Bhaswa, we believe and accord highest priority for customer (dealer) data confidentiality and privacy. We are a zero-tolerant Company towards data leaks and accordingly our work eco-system is designed and built-up on a strong security framework, as is evidenced by our work practices:
Every dealer who signs-up for our service will receive a Non-Disclosure Agreement from Bhaswa protecting the confidentiality of customer data.
None of our Tax Professionals are allowed to carry their mobile phones into our Data Processing Centers and they are locked in personal lockers located outside of work areas. This would ensure that, no one attempting to pry into our customer’s data can get in touch with our Tax Professionals or can they take screen-shots of the customer’s data.
If our customers would like toknow the status of their tax file, they have to call up the Customer Care only from their Registered Mobile No., and the data relating to that number is flashed on the computer screen of the Customer Support Executive. If the call is from an unregistered mobile No., the call automatically gets terminated with a courtesy message.
Each and every customer call is recorded and monitored.
Even to minimize the interaction with our Data Processing Centers, our customers are provided with a mobile app in which they can monitor their tax file status and SMS flashed on their mobiles, as their work progresses.
In the case of our Accounting Process Associate(APA) visiting your business premises for accounting of Invoices, an OTP is generated on the Customer’s Registered Mobile No. Only after the Customer passes the OTP, can our APA log into the web-based software and enter the data on our servers. So this will naturally ensure data secrecy and protect customer data.
Our services are on ala-carte model. Our customers are free to choose from our services basket that is as follows:
|S.No.||Service Description||UoM||UoM Fee Rs.|
|01||GST Returns Processing (GSTR-1, 2A, 2 & 3)||Up to 100 B2B Invoices Per Month||Rs.315/- per Return|
|02||Invoice Accounting (over & above 100 B2B Invoices)||Per Record||Rs.2.70/-|
|03||Follow-up with your Supplier for Missing/Unreconciled Input Credit||Per Transaction||Rs.20/-|
|04||GSTIN validations for smooth flow of ITC to your Customer||One-time Per Customer||Rs.20/-|
|05||E-Way Bill Generation||Per Document||Rs.15/-|
|06||Customer Receivable follow-up||Per Customer / per month||Rs.50/-|
|07||Composition Dealers||Per Month||Rs.315/-|
|08||Tax Advisory Services||Per Query||Rs.250/-|
|09||Personal visit to Customer for data collection||Each Visit||Rs.250/-|
|10||Retail Invoices||100 B-2-C Invoices||Rs.75/-|
|11||GST Registration||1 No.||Rs. 2,500/-|
|12||Tax Audit & Other Services||Would be announced in due course|
Fee quoted above is exclusive of GST @ 18%.
Give a Missed Call on 80 10 109 108 for more clarity.
Download the GST-Bhaswa app here