Strategic Vision: Expert GST Consultancy & Advisory Services (GST 2.0)
Mandatory Applicability
- Businesses with turnover > ₹40L (goods) / ₹20L (services)
- Inter-state supply businesses
- E-commerce operators
- Reverse Charge Mechanism (RCM) businesses
- Turnover > ₹5 Crores: mandatory E-Invoicing
- Multi-branch offices: mandatory ISD registration
- Zero-rated exporters: LUT requirement
Consequences of Poor Advisory
Wrong ITC claim
100% penalty of tax (min ₹10,000) under Section 122
Missed returns
2 consecutive missed returns: GSTIN suspended + E-Way Bill blocked
IMS failure
Permanent loss of ITC right under Section 16(4)
Large defaults
Defaults > ₹5 Crores: Non-bailable imprisonment up to 5 years
Fake invoicing
"Circular Trading" / "Fake Invoicing" notices → bank attachment