GST Accounting
GST touches every sale and purchase — so your books and your GST returns must reconcile. We keep your accounting GST-aware: correct tax treatment, input-credit tracking and books that tie to your GSTR filings.
Starts at
₹3,999/mo
Professional fees, government fees, late fees, penalties, payroll size, transaction volume, number of employees, entity type, filings and compliance complexity may vary.
Timeline
Monthly cycle aligned to GST returns
Documents
Invoices, purchases & GST data
GST-aware books
Input-credit tracking
Reconciled with GSTR
Expert-reviewed
Pricing
GST accounting
Books maintained with correct GST treatment and reconciled to your returns. GST return filing can be bundled. Government/late fees are separate.
GST Accounting
Books + GST treatment
+ GST | from
- GST-correct entries
- Input-tax-credit tracking
- GSTR reconciliation
- Expert review
Accounting + GST Filing
Books + returns
By scope
- GST accounting
- GSTR-1 & GSTR-3B filing
- ITC reconciliation (2B)
- Dedicated reviewer
Prices are professional fees and indicative. Government fees, stamp duty, DSC, PAN/TAN, state charges and third-party costs are extra and may change. A final engagement summary separates each component before payment.
Overview
What is GST Accounting?
GST accounting is bookkeeping and accounting done with GST built in — every sale and purchase recorded with the correct tax treatment (rate, place of supply, reverse charge), input tax credit tracked, and your books kept reconciled with the GST returns you file. Because GST runs on a self-assessed, invoice-matched system, mismatches between your books and your GSTR filings are a leading cause of notices and blocked credit.
Keeping the two in lockstep means your GSTR-1 and GSTR-3B agree with your books, your input credit reconciles with GSTR-2B, and your output liability is right — month after month.
We keep your accounting GST-aware and reconciled to your returns, so your GST is accurate and your books tell the truth. Note: GST itself is filed in our GST vertical — we keep the accounting tied to it.
Is it for you?
Who needs it — and who doesn't
Recommended if
- GST-registered businesses of any size
- Traders, manufacturers and service providers with input credit
- E-commerce and D2C brands with high invoice volume
- Anyone whose books and GST filings keep diverging
May not be needed if
- Businesses not registered under GST
- Composition dealers with very simple needs (lighter scope)
Benefits
Why it's worth doing right
Books that match your GST
Your GSTR-1/3B reconcile with your books, so you avoid mismatch notices and demands.
Don't lose input credit
We track ITC and reconcile with GSTR-2B so you claim what you're entitled to and not what you're not.
Right tax treatment
Correct rate, place of supply and reverse charge on every transaction — fewer errors, fewer corrections.
Eligibility
Eligibility & key conditions
- You're registered under GST
- You can share invoices and purchase data
- You want books and GST kept reconciled
Documents
Documents required
What we need
- Sales invoices and credit/debit notes
- Purchase bills and expense invoices
- GST portal access details (for reconciliation)
- GSTR-2B / input data
- Bank statements
Process
A clear path from start to filed
Costs
Fees & cost breakdown
| Cost component | Indicative amount |
|---|---|
| Professional feeBy volume and scope | From ₹3,999/mo |
| GST return filingFiled via the GST vertical | Separate/bundled |
| Late fees/interestStatutory; on late GST filings | If applicable |
Deliverables
What you receive on completion
After this filing
What you need to stay compliant next
Feeds GST returns
Reconciled books make GSTR-1/3B filing accurate — we keep accounting and filing consistent.
Annual return ready
Clean monthly GST accounting makes GSTR-9/9C straightforward at year-end.
Avoid delays
Common mistakes & reasons for rejection
Common mistakes
- Books and GSTR-3B not reconciling
- Claiming ITC not appearing in 2B
- Wrong place of supply or rate
- Ignoring reverse-charge entries
Why filings get rejected or delayed
- ITC mismatch with GSTR-2B
- Output liability not matching books
AI-powered assistance
AI does the heavy lifting. Experts make the call.
AI assists with checks, drafting and explanations only. A qualified professional reviews every defined checkpoint and the final filing before submission. AI does not make consequential compliance decisions on its own.
Keep your books and GST in sync
We keep every transaction GST-correct and your books reconciled to your returns — so you claim the right credit and avoid mismatch notices.
Compare
GST Accounting vs GST Return Filing
| Factor | GST Accounting | GST Return Filing |
|---|---|---|
| What it is | Books kept GST-correct & reconciled | Filing the GST returns themselves |
| Output | Reconciled books + ITC tracking | Filed GSTR-1/GSTR-3B |
| Together | Feeds the returns | Filed from the books |
Use cases
Built for how real businesses operate
D2C brand
Need: High invoice volume
We suggest: GST accounting with 2B reconciliation each month.
Manufacturer
Need: Maximise input credit
We suggest: ITC tracking tied to purchase accounting.
Why MyFinancialAdvisory
A more accountable way to stay compliant
Quality & accountability
Reviewed by compliance experts
Every gst accounting engagement is prepared with structured checks and signed off by qualified professionals before anything is filed — speed without sacrificing accuracy.
Reviewed by
Reviewed by MyFinancialAdvisory Compliance Team
Accounting, payroll & compliance review
Your books, payroll and filings are prepared with AI-assisted checks and reviewed by qualified accountants and compliance professionals before anything is filed. Business compliance, powered by AI — verified where possible, reviewed by experts, tracked by you.
Structured document checks
Documents and eligibility follow structured checks before expert review.
Expert-reviewed before filing
A qualified professional signs off every defined checkpoint.
Compliance-safe guidance
Advice mapped to current rules — no shortcuts, no guesswork.
Keep exploring
Hub
Accounting & Compliance
Bookkeeping, payroll, virtual CFO and recurring compliance.
Service
Accounting Services
Full-cycle accounting and financial statements.
Service
Bookkeeping Services
Day-to-day books kept clean and current.
Service
GST Return Filing
Monthly/quarterly GSTR-1 and GSTR-3B.
Service
Monthly Accounting Package
Books, GST and reports as one monthly retainer.
FAQs
GST Accounting — frequently asked questions
What is GST accounting?
Accounting done with GST built in — recording every sale and purchase with the correct tax treatment, tracking input tax credit, and keeping your books reconciled with your GST returns.
Why must my books match my GST returns?
GST is invoice-matched and self-assessed. If your books and GSTR-1/3B don't reconcile, you risk mismatch notices, demands and blocked input credit.
Do you also file my GST returns?
GST return filing lives in our GST vertical; GST accounting keeps your books reconciled and feeds those returns. We can bundle both so they stay consistent.
What is GSTR-2B reconciliation?
Matching the input tax credit in your purchase books against the GSTR-2B the portal generates, so you claim only eligible, reflected credit. We do this monthly.
Can wrong GST accounting cost me money?
Yes — lost or reversed input credit, interest and penalties on mismatches. Correct GST accounting protects your credit and avoids these.
Do you handle reverse charge and place of supply?
Yes — correct rate, place of supply and reverse-charge treatment on each transaction are part of GST-aware accounting.
How is GST accounting priced?
From ₹3,999/month (+ GST), by transaction volume and scope. Bundling GST filing is common. We quote after understanding your volume.
Will this make my annual GST return easier?
Yes — clean, reconciled monthly GST accounting makes the annual return (GSTR-9/9C) far simpler at year-end.
Ready to get gst accounting done?
Start with a quick conversation. We’ll confirm scope, documents, fees and the next deadline.