Expert Tax Consultant & GST Consultant in Siddharthnagar | CA-Certified Services for Agriculture, Sugar Mills & Trading

If your annual turnover exceeds ₹20 lakhs (for services) or ₹40 lakhs (for goods in some states), GST registration is mandatory. However, agricultural produce (paddy, wheat, sugarcane) sold in natural form is nil-rated (0% GST). But if you're processing (rice milling) or trading with registered businesses, registration becomes necessary. Also, reverse charge mechanism applies when buying from farmers. Our GST consultant helps Siddharthnagar agricultural traders determine registration need and handle compliance properly.

Reverse charge mechanism (RCM) applies when registered traders purchase agricultural produce directly from farmers or unregistered persons. Under RCM, the buyer (trader) must pay 5% GST instead of the seller. You need to pay this GST to government, report in GSTR-3B, and maintain proper documentation with farmer details and payment proof. Our tax consultant helps Siddharthnagar grain traders with RCM compliance and documentation to avoid penalties and notices.

Composition scheme is highly beneficial for small traders with turnover up to ₹1.5 crore. You pay only 1% GST (traders) instead of 5-18% regular rates, with quarterly CMP-08 returns instead of monthly GSTR-1 and GSTR-3B. This saves both tax and compliance costs. However, you cannot claim input tax credit, cannot do interstate sales, and must display composition dealer notice. Our GST consultant analyzes your business and calculates actual savings (typically ₹30,000-1.5 lakh annually) to recommend best option for Siddharthnagar businesses.

Agricultural income is exempt from income tax in India. However, proper documentation is critical - maintain land records (khatauni), sale bills from mandi or traders, commission agent receipts, and bank statements showing agricultural sale proceeds. If you have other income sources (business, salary), you must file ITR and report agricultural income separately. Our income tax consultant ensures proper documentation and exemption claims for Siddharthnagar farmers and agricultural traders, avoiding future scrutiny.

Siddharthnagar is classified as a non-metro city, so HRA exemption is calculated at 40% of basic salary (compared to 50% for metro cities). For example, on ₹25,000 basic salary with ₹10,000 monthly rent, you can claim approximately ₹70,000 HRA exemption annually, saving around ₹20,000 in taxes. Maintain rent receipts, landlord PAN, and rent agreement. Our income tax consultant ensures maximum HRA benefit for Siddharthnagar salaried employees.

Yes! 100% online GST and income tax return filing for Siddharthnagar residents. Simply share documents via WhatsApp (+91-7065281345) - invoices for GST, Form 16/salary slips/trading books for ITR, investment proofs. Our CA team files returns within 24-48 hours with maximum optimization. No office visit needed for Naugarh, Bansi, Itwa, Shohratgarh or any rural area taxpayers. Perfect for busy agricultural traders, rice millers, and border business owners.