Empower your business with professional accounting and GST services
Managing GST and maintaining accurate accounting is critical to business success. SAR Tax Buddy's
integrated services not only ensure compliance, but also provide clear financial insights to help you
make informed decisions. Find out how our bundled services can streamline your operations, save time,
and reduce costs for your business.
ADVANTAGES
- All processes under one roof
These services (accounting and GST filing) are bundled to give peace of mind to entrepreneurs.
Business
owners simply upload their sales and purchase invoices and bank statements, and SAR Tax Buddy
handles
all compliance.
- Less Confusion
With all the services provided by SAR Tax Buddy, a business owner does not risk any confusion
regarding
her account and her GST compliance.
- More Flexibility
SAR Tax Buddy offers entrepreneurs the opportunity to choose a plan depending on the number of
transactions expected per month. No other service provider from the same company offers the
flexibility
to choose a plan on a monthly basis.
- Time Savings
With all services provided under one roof, sellers only need to upload sales invoices, purchase
invoices,
and bank statements for the relevant period. Your account and GST will then be refunded within 2-4
days.
- Cost Savings
Entrepreneurs can save a lot of money as all services are provided by SAR Tax Buddy. Otherwise, the
entrepreneur will have to hire an accountant for bookkeeping, and a professional to file the GST
returns, which will cost a lot of money to the entrepreneur.
GST CONSULTANT
Every registered trader is required to file GST returns, irrespective of the nature of the business,
turnover or profitability during the return period. Under the GST regime, even a dormant company with
GST registration is required to file GST returns. These are the returns that every business must file.
ADVANTAGES
- Timely Compliance
All taxpayers with GST registration are required to file their GST returns on time to avoid
penalties. SAR Tax Buddy helps in filing all GST returns instantly.
- No Penalty
GSTR-1 and GSTR-3B returns are required to be filed by all regular taxpayers with GST registration.
If a taxpayer fails to file GSTR-3B return, a penalty of Rs. 50/- per day will be levied. By
subscribing to our plan, taxpayers can save up to Rs. 2 lakhs. 5000/- penalty per month.
- Image Building
Companies that strictly abide by the law will always have a good relationship with the government.
SAR Tax Buddy will help you aim to become a legally compliant company.
- Filing Input Tax Return
As per the GST Act, the buyer can claim input tax only if the supplier files her GST-1. Failure to
declare or late filing may result in the buyer not being able to claim input tax or taxes, and the
buyer may lose customers. SAR Tax Buddy assists businesses with their declarations.
- Free Movement of Goods
Late or failed GSTR-1 declarations block E-way portals and affect the movement of goods to and from
businesses, leading to loss of business. SAR Tax Buddy ensures timely compliance with all GST laws.
- Input Tax Reconciliation
SAR Tax Buddy provides reconciliation between the input tax credit claimed by the company and the
input tax credit available in the GST portal.
GST COMPOSITION
SAR Tax Buddy recognizes the needs of entrepreneurs trading in goods, manufacturing goods, operating
restaurants or providing other services who are registered for component tax under the Goods and
Services Tax. Therefore, we provide GST filing services for these entrepreneurs. Traders registered
under component tax cannot claim input tax credits and are therefore not obliged to keep accounting
records (unless requested by the entrepreneur). Keeping this in mind, SAR Tax Buddy has come up with a
plan to help these entrepreneurs easily file GST returns while maintaining sales records in Excel.
First of all, it is important to note that all registered traders are required to file a GST return,
irrespective of the nature of their business and their turnover or profitability during the filing
period. Under the GST regime, even a dormant company that has obtained GST registration is required to
file GST returns. Also, creating accounting books is essential for running a business. Tax authorities
need it, banks and investors may demand it. Outsource your accounting functions and leave your company's
financial reporting to the experts. Accounting is the process of recording a company's financial
transactions in an accounting system and producing reports. Section 128 of the Companies Act 2013, as
amended, requires every company to create and maintain an account at its registered office. However,
many small businesses do not have a complete accounting department and require outside accounting
services. Considering the needs of entrepreneurs, the plan is to provide all these services under one
roof. With these services (accounting and her GST filing) bundled together, entrepreneurs can focus on
their business's core competencies with peace of mind and take their business to the next level. The
plans within this service are designed keeping in mind the solvency of entrepreneurs. Entrepreneurs can
choose a plan depending on their expected annual sales. The ability to flexibly choose monthly plans
ensures that no service provider offers it.
Composition scheme : Applicable GST Rate
|
Type of Business
|
CGST
|
SGST
|
Total
|
|
Manufacturers and Traders (Goods)
|
0.5%
|
0.5%
|
1%
|
|
Restaurants not serving Alcohol
|
2.5%
|
2.5%
|
5%
|
|
Service Providers
|
3%
|
3%
|
6%
|
The dealer with the turnover of up to Rs. 1.5 crores can be registered under Composition Levy. However,
casual taxable person and non-resident taxable persons cannot get registered under Composition Levy
irrespective of their turnover. In case of North-Eastern states and Himachal Pradesh, the limit is Rs
75* lakh.
To meet the needs of entrepreneurs registered under Goods and Services Tax Component Tax, engaged in
trading in goods, manufacturing of goods, provision of restaurant services and other service providers,
SAR Tax Buddy offers GST return filing services. We offer these entrepreneurs.
Traders registered under the levelization tax cannot claim input tax credits and are therefore not
obliged to keep business records (unless requested by the entrepreneur). Keeping this in mind, SAR Tax
Buddy has devised a plan to provide such an entrepreneur with the opportunity to easily file her GST
returns while managing sales documents in Excel.
ADVANTAGES
- No accountant required
GST comprehensive return, business owners do not need to appoint an accountant or maintain their
books. Entrepreneurs simply submit sales invoices on her SAR Tax Buddy portal and experts will
prepare her GST return.
- All Records in Excel
SAR Tax Buddy manages all sales data in Excel at no additional cost as traders enrolled in the GST
configuration scheme do not need to maintain bookkeeping.
- Not that complicated
All the records are stored in Excel, so it is very easy for entrepreneurs to read and study Excel to
determine the sales figures for the month/quarter/year. Moreover, GST experts can also help
entrepreneurs understand such sheets.
- Cost Savings
Without the need to maintain accounting books, SAR Tax Buddy provides registered entrepreneurs with
the ability to maintain sales records in Excel at no additional cost, allowing entrepreneurs to save
significant costs.
- Flexibility
An entrepreneur can switch from his GST configuration trader to a regular trader at any time after
the end of the financial year.
- High Liquidity
Relatively low tax rates for originating traders ensure high liquidity.