APPLY ONLINE FOR GST FILING WITH LEGALDOCS ADVISOR
GST filling refers to the process of submitting the Goods and Services Tax (GST) returns to the government as per the GST laws. GST filling involves providing details of sales, purchases, input tax credit, and tax liability to the government. Failure to file GST returns on time may attract penalties and interest.
Easy Process and Documentation
- Purchase Invoices
- Bank Statement
- Sales Invoices
- Amended Invoices
- Credit Notes
- Debit Notes
- Accounting Data
Process, Service Charges, Time duration
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WHAT IS GST RETURN FILING
The basic meaning of “GST Return Filing” is “maintaining financial accounts” per year. Bookkeeping and GST Return Filing can be divided into several fields including financial GST Return Filing, managing general GST Return Filing,professional GST Return Filing, chartered accountant, auditing, tax GST Return Filing and cost GST Return Filing.
- Step 1:
Connect with an expert at LegalDocs and provide the necessary information to prepare your GST filing statement.
- Step 2:
Our expert will prepare a GST return statement based on the information provided and send it to you for your approval.
- Step 3:
GST return will be filed with the tax authorities once it has been approved by you.
PROCESS FOR GST RETURN FILING SERVICES ONLINE
Login to our Website
Upload the required Documents Online
Place order and Pay Online
Our Expert will prepare and intimate the tax liability
Our professional will file GST return Online with the GST Department
Share the acknowledgement receipt obtained from the portal
WHAT IS GST RETURN
A GST file return is a document which has details of income which a taxpayer needs to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.
ELIGIBILITY FOR GST RETURN FILING
In the GST norms, any regular business has to file three monthly returns and one annual return.
GST should also be filed by entities that make no sales or purchases during a given period (year) in the form of nil-returns (meaning no returns).
The best part in this system one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR 2 & 3 will get auto-populated by deriving information from GSTR-1 filed by you and your vendors. Compounding taxpayers have to file returns quarterly which is for every three months and regular taxpayers such as, foreign non-residents, casual taxpayers and Input Service Providers (ISD) have to file returns monthly.
TYPES OF GST RETURNS
Following are the different Types of GST returns
|1.||GSTR 1||Includes taxable goods or services, or both as well as that of outward supplies.|
|2.||GSTR 2||Includes inward supplies related to taxable goods and/or services, along with ITC claim.|
|3.||GSTR 3||Includes of monthly returns based on finalised detail related to inward and outward supplies.|
It also includes details of total tax payable.
|4.||GSTR 4||Includes details related to Quarterly Return filing, specifically for compounded tax liabilities of specific individuals.|
|5.||GSTR 5||Includes details of GST return filing for non-resident foreign individuals.|
|6.||GSTR 6||Serves as the form for Input Service Distributors to file returns.|
|7.||GSTR 7||Serves as the form facilitates Return filing for authorities initiating TDS.|
|8.||GSTR 8||Includes supply details for e-commerce operators along with the tax amount collected as per sub-section 52.|
|9.||GSTR 9||Serves as the form to file Annual Returns.|
|10.||GSTR 9A||Includes details to file Annual Returns relative to Compounding taxable individuals registered u/s 10.|
GST RETURN DUE DATE
This GSTR is due every month on 20th. Besides your quarterly and monthly returns, you also need to file an annual return by 31st of December. The GST reconciliation statement should be filed by a chartered accountant appointed by you.
|GST Return Form||Frequency||Due Date for Return Filing|
|GSTR 3||Monthly||Due by 20th of every month|
|GSTR 3||Annual Return||December 31st|
|GSTR 3B||Monthly Return||Due by 20th of every month|
|GSTR 4||Quarterly month||Due by 18th of the following month after the end of each quarter|
|GSTR 5 & GSTR 5A||Monthly||Due by 20th of every month|
|GSTR 6||Monthly||Due by end of every month|
PENALTY FOR LATE FILING OF GST RETURN
If you Fail to document GST returns on time it could result in consequences and cancellation of GST registration. If one does now no longer put up a GST go back for 6 months, then the GST registration might be cancelled, and the individual might now no longer be capable of attain some other GST registration – except all of the past due submitting penalty is paid.
For human beings having NIL go back and humans having turnover, the penalty for past due submitting GST go back is different. NIL GST go back have to be filed for an person with out a commercial enterprise . Failure to document NIL GST go back can result in a penalty of Rs.20 in line with day for every of the GSTR-3B go back and GSTR-1 go back. So, failure to document NIL GST go back can bring about a penalty of Rs.forty in line with day or Rs.1200 in line with month.
In case someone has commercial enterprise hobby throughout the duration for which GST go back is past due-filed, then a penalty of Rs.50 in line with day may be relevant for past due GSTR-3B go back and Rs.50 in line with for GSTR-1 go back. Hence, a penalty of extra than Rs.3000 in line with month might be relevant.
GST RETURN FILING - COMPOSITION SCHEME
Anyone registered below the Composition Scheme is needed to record FORM GSTR-4A each sector via the GST Common Portal or via a GST Facilitation Centre. The due date for GST go back for the ones enrolled below Composition Scheme is at the 18th of the month, succeeding a sector. Hence, GST go back for composition scheme could be due on April 18th, July 18th, October 18th and January 18th. The GST go back filed with the aid of using a Composition Scheme provider have to encompass info of the following:
1. Invoice smart inter-State and intra-State inward elements obtained from registered and unregistered persons
2. Consolidated info of outward elements made
BENEFITS OF GST RETURN FILING FROM LEGALDOCS
1. Timely Submission – We will submit your GST returns within a period of 3 days from the date of submission of all details. There is also no chance of penalties in future.
2. Year Around Expert Consultation – Get consultation for GST on call. There is no limit on the number of questions or time limit.
3. Save Money (100% ITC Guaranteed) – We offer trusted and professional at affordable prices when compared to market standards.
4. In-House Team of Professionals – We have our professional in-house team. We do not sub-let your work to others
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