When must a foreign company register for GST in India?

A foreign company supplying goods or services in India must register if annual aggregate turnover exceeds INR 20 lakhs. Non-resident taxable persons making occasional taxable supplies must register regardless of turnover threshold.

What GST returns must a foreign subsidiary file in India?

Regular GST-registered businesses file GSTR-1 (outward supplies), GSTR-3B (monthly summary), GSTR-9 (annual return) and GSTR-9C (reconciliation statement if turnover exceeds INR 5 crore). Frequency depends on turnover.

What is Input Tax Credit (ITC) under GST?

ITC allows a GST-registered business to offset GST paid on purchases against GST payable on sales. This prevents cascading taxation. ITC is subject to conditions including valid tax invoices and supplier filing of returns.

Can a foreign company claim a GST refund in India?

Yes, refunds can be claimed on exports (zero-rated supplies), inverted duty structure, accumulated ITC, and excess GST paid. Refund applications are filed online and typically processed within 60 days.

GST Advisory & Compliance India

Overview

Robust GST Compliance for Smooth Business Operations

The Goods and Services Tax (GST) framework in India governs the taxation of supply of goods and services across the country. Businesses operating in India must comply with various GST regulations, including registration requirements, return filing, input tax credit reconciliation, and transaction-level tax analysis.

Given the complexity of GST provisions and the evolving regulatory environment, organizations require structured advisory and compliance support to manage tax exposure and maintain operational efficiency. A well-designed GST compliance framework helps businesses improve tax accuracy, strengthen reporting processes, and reduce regulatory risks.

Valytics Global supports businesses in establishing robust GST compliance mechanisms, managing transaction-level tax implications, and improving overall tax governance.

Key GST Compliance Obligations

GST registration for all eligible businesses across states
Monthly / quarterly GSTR-1 and GSTR-3B return filing
Annual GSTR-9 reconciliation and audit filing
Input tax credit reconciliation and validation
E-invoicing compliance for applicable businesses
Timely response to GST notices and departmental queries

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Service Areas

Key Areas of GST Advisory & Compliance

Our GST practice covers the full spectrum — from registration and return filing through transaction advisory, compliance reviews, and litigation support.

GST Registration and Structuring

Assistance with GST registration and amendments
Advisory on multi-state registration requirements
Guidance on composite versus regular GST schemes
Structuring of business transactions from a GST perspective
GST implications for new business models and operational structures

GST Return Filing and Compliance Management

Preparation and review of periodic GST returns (GSTR-1, GSTR-3B and other applicable filings)
Reconciliation of sales, purchases, and input tax credit
Monitoring compliance timelines and regulatory requirements
Review of GST data accuracy and consistency
Support in establishing structured GST compliance processes

GST Transaction Advisory

Classification of goods and services under GST regulations
Determination of applicable GST rates and tax treatment
Input tax credit eligibility assessment
Advisory on complex or high-value business transactions
GST implications on cross-border supply of goods and services

GST Compliance Review and Risk Assessment

Review of GST returns and reconciliation processes
Input tax credit verification and validation
Identification of compliance gaps and tax exposure areas
Recommendations for strengthening GST processes and controls
Periodic GST health checks and diagnostic reviews

GST Litigation Support and Refund Advisory

Assistance in responding to notices issued by tax authorities
Preparation of documentation and replies for regulatory queries
Advisory during GST departmental audits and assessments
Support in GST refund applications for exporters and accumulated credits
Guidance on zero-rated supply benefits and export incentives

Our Advisory

How Valytics Helps

Practical, end-to-end GST advisory that helps businesses build compliant frameworks, manage tax risks, and operate with regulatory confidence across India.

Establishing Structured GST Compliance Frameworks

We assist businesses in designing GST compliance processes that improve reporting accuracy, ensure adherence to regulatory requirements, and reduce the risk of errors and penalties.

Managing Transaction-Level Tax Risks

Our advisory focuses on evaluating GST implications of business transactions and implementing practical risk mitigation strategies to prevent compliance exposure.

Improving GST Reporting and Documentation

We support organizations in strengthening reconciliation mechanisms, documentation practices, and compliance monitoring systems for stronger GST governance.

Supporting Business Expansion and Operational Efficiency

Valytics provides GST advisory aligned with business growth, new operational models, and cross-border supply structures as your India operations scale.

GST Advisory & Compliance