In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations. Due to the increasing number of regulations and need for operational transparency, organizations are increasingly adopting the use of consolidated and harmonized sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources. Registered person shall be assigned a goods and service tax compliance rating score by the government based on his record of compliance. Our early GST compliance service aims to help corporates become GST compliant by providing end to end return filing solutions, to ensure the businesses remains 100% compliant.
Benefits to being GST compliant and maintaining your high ratings:
- Speedy refund
- Trust and reputation amongs the business community
- Increase customer base.