The process of Return Filing for GST is quick and easy. Get expert assistance to complete your GST Return Filing in just one day.
We are here to assist you in smoothly submitting GST returns for your business while you relax in the comfort of your own space, with just a few simple clicks of a mouse.
1. The objective of GSTR 1 is to provide details of all transactions involving the sale of goods or services, whether it is business-to-business (B2B) or business-to-consumer (B2C). The deadline for filing this return is the 10th day of each month. However, if you are filing a quarterly return, the due date would be the end of the following month after each quarter.
2. GSTR 3B is a concise return that summarizes the net tax liability based on both the input and output tax. The deadline for filing this return is the 20th day of every month.
3. GSTR 4 is specifically designed for businesses that have chosen to opt for the composition scheme. It requires them to pay GST at subsidized rates ranging from 1% to 5% and file this return on a quarterly basis.
4. The purpose of GSTR 1A is to address any discrepancies or mismatches in the sales figures between you and your customers, to whom you have issued tax invoices. This return allows you to rectify and resolve such issues.
5. GSTR 8 is applicable to e-commerce operators who are required to collect Tax Collected at Source (TCS) under GST. They must file this return by the 10th day of each month.
6. GSTR 9 represents the Annual GST return, which must be filed by all registered individuals or entities before the 31st of March of each financial year.
# Penalty Avoidance
Failing to submit GST Returns on time will result in a penalty of INR 200 per day, with a maximum penalty of INR 5000 for each return.
# Registration Protection
If you fail to file GST Returns on time, there is a risk of your certificate being cancelled, which can have serious consequences.
# Strengthening Customer Relationships
By filing GST Returns on time, you enable your customers to smoothly claim input credit, thus fostering a healthy relationship with potential clients.
# Compliance Rating Improvement
The Government of India has proposed the introduction of a compliance rating system, which will maintain a scorecard for every GST registrant. Timely GST return filing plays a crucial role in determining this rating.
# Facilitating Loan Approval
Timely and accurate GST Return filing significantly benefits taxpayers when applying for loans from banks or financial institutions. These institutions assess a taxpayer’s credibility based on their GST Returns.
# E-Waybill Restrictions
To encourage regular compliance and GST return filing, the finance ministry has implemented restrictions on the generation of E-Waybills for goods transportation. Traders who have not filed GST returns for two consecutive months will be affected by these restrictions.
1. The first step in the process of filing your GST return is to supply the necessary information and documents via email
2. After that, you can select a package and make the payment online using various payment methods
3. Once your order is placed, it will be assigned to one of our expert professionals
4. Our dedicated professional will then prepare your GST return and inform you about the amount of tax you owe
5. After completing the preparation, our professional will file your GST return electronically with the relevant GST department
6. Finally, please share the acknowledgment receipt that you receive from the portal.
