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GST Return Filing

₹999.00

GST Return Filing GST return filing is compulsory for every GST-registered business in India. This is very crucial for our government. Because only by this return filing, they can calculate the nation’s tax obligation.  GST is a major source of income for our government. This return filing frequency is not the same for every business.…

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GST Return Filing

GST return filing is compulsory for every GST-registered business in India. This is very crucial for our government. Because only by this return filing, they can calculate the nation’s tax obligation.  GST is a major source of income for our government.

This return filing frequency is not the same for every business. Based on turnover and business type, monthly and quarterly return filing options are given. Some returns need to be filled annually. Some businesses require more return filing while some require less. It is changing periodically as per the decision of the GST Council of India. This complex return filing process is a nightmare for any business owner. That’s the reason why you need us.

Get your GST return filled out by an expert professional. It will reduce the risk of wrong filing or late filing of your GST return. There is a heavy penalty for wrong or late GST return filing. As an honest taxpayer, every business owner wants their GST returns must be accurate and on time.

File GST returns with us now and make your business GST-compliant!

GST Return is a detailed financial statement of a business. It reflects all sale and purchase transactions for a particular period. It is compulsory to file for every GST-registered entity to determine their net tax liability. Following is a brief segregation of any GST return.

  • Purchases: It shows all purchases made by the business.
  • Sales: It shows all sales made by the business.
  • Inward Tax Received: It records all GST paid by the business on purchases. It can again subdivided into eligible for ITC and non-eligible for ITC.
  • Outward Tax Liability: It records the total tax collected from the sales made by the business.

By subscribing to our service, you ensure proper and timely filing of your GST return.

Who is liable for GST Return Filing?

All GST-registered entities must file their GST return. Our Tax authorities made this compulsory regardless of business type or turnover. Even businesses having nil transactions should also file their return on time. Any delay in filing a GST return will attract penalties and even lead to cancellation of GST registration.

We have segregated our plans that are suitable for all businesses. You can choose a plan according to your business turnover and number of transactions. It will be economical and more reasonable as per your business type.

Different types of GST Return

currently, there are 13 types of different GST returns prescribed by our tax authorities. Since GST covers the whole of India with different business categories, there should be an efficient filing process. A taxpayer should file only those return that pertains to their category.

Let’s understand these 13 GST returns briefly:

  • GSTR-1: It records all outward supplies, which means the sales.
  • GSTR-3B: It summarises the return of sales and purchases, including tax payments.
  • GSTR-4: It applies to the Composition Scheme only. It records and summarizes turnover and corresponding tax.
  • GSTR-5: It is filed by non-resident taxpayers conducting taxable transactions in India.
  • GSTR-5A: This return is for businesses that provide online information, database access or retrieval services.
  • GSTR-6: Used by Input Service Distributors for detailing input tax credit distribution.
  • GSTR-7: This is filed by entities that deduct TDS under GST.
  • GSTR-8: It is for e-commerce operators reporting transactions on their platform.
  • GSTR-9: It is an annual comprehensive return. It summarizes all periodical filings over the fiscal year.
  • GSTR-10: The final return upon cancellation or surrender of GST registration.
  • GSTR-11: For those with a Unique Identity Number, claiming refunds on their purchases.
  • CMP-08: A quarterly statement for Composition Scheme taxpayers detailing tax liability.
  • ITC-04: For manufacturers to declare details about goods dispatched to and received from a job worker.

Additionally, there are return-related statements for input tax credits:

  • GSTR-2A (dynamic): view only return summarizing inward supplies as suppliers report.
  • GSTR-2B (static): view only return summarizing inward supplies based on the suppliers’ filings.

 

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