GST RETURN FILING

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  • GST Registration
  • Partnership Firm Registration
  • llP Registration
  • OPC Registration
  • Private Ltd Registration
  • Trust Registration
  • Sole propreitorship
  • Trademark registration
  • Copyright Registration
  • patent Registration
  • Design Registration
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Businesses that are registered under GST have to file the GST returns monthly, quarterly, and annually based on the business. Here it is necessary to provide the details of the sales or purchases of the goods and services along with the tax that is collected and paid. Implementation of a comprehensive Income Tax System like GST in India has ensured that taxpayer services such as registration, returns, and compliance are in range and perfectly aligned.

An individual taxpayer filing the GST returns has to file 4 forms for filing the GST returns such as the returns for the supplies, returns for the purchases made, monthly returns, and the annual returns.

GST return filing in India is mandatory for all the entities that have a valid GST registration irrespective of the business activity or the sales or the profitability during the period of filing the returns. Hence, even a dormant business that has a valid GST registration must file the GST returns.

GST return is a document that contains the details of all the income or the expenses that a taxpayer is required to file with the tax administrative authorities.

Documents Required for GST Return Filing

Invoices issued to persons with GSTIN or B2B invoices

Invoices issued to persons without GSTIN or B2C invoices

This needs to be submitted only when its total value is above ₹2.5 lakhs

A consolidation of inter-state sales

HSN-wise summary of all goods sold

Any other debit or credit notes or advance receipts

Who should file the GST returns?

  • A person having a valid GSTIN has to compulsorily file the GST returns.
  • Also, a person whose annual turnover is crossing Rs. 20 lakh has to obtain a GST registration and file the GST returns mandatorily.
  • In the cases of Special states, the limit for the annual turnover is Rs.10 lakh.

Benefits of GST Return Filing

You can avoid unnecessary interest levied on the outstanding tax amount.

You can claim the input tax credit when you file your returns promptly.

You can file your GST returns through a single form, making the process easy and simple.

GST

“CHANGE WITH THE TIMES... The early bird will benefit the most, the ones who don't will be left out.”.

Trust and Goodwill

GST Filing promote and build a feeling of trust and quality in the customers mind and it establish credibility.

FAQ on GST Filing

  • Is GST paid every month?
    The GSTR-1 is required to be filed on a monthly basis unless you have opted for the QRMP scheme. The GSTR-1 must be filed by every single normal registered taxable person. GSTR-1 doesn’t need to be filed by the input service distributor, the composition taxpayer, the persons liable to deduct tax
  • Advantages of GST?
    Tax paid to Central Government (IGST) can be claimed as input. Removes double taxation.Fixed tax rates. The CGST and SGST are to be paid to the accounts of the central and states respectively.Exports will be zero rated, unlike the present system where refund of some taxes is not allowed due to fragmented nature of indirect taxes between the Centre and the State.
  • Ok. Got It. What are the documents needed for GST registration?

    PAN Card.

    Aadhaar card where ever possible.

    Digital Signature in case of companies and LLP.

    Valid mobile number and Email ID.

    Photograph of Proprietor, partners, authorized signatories.

    Registration Certificate obtained under earlier Tax laws.

    Proof of appointment of authorized signatory and their personal details.

    Proof of principal place of business.

    Opening page of Bank statement held in name of Business or Proprietor.

  • What is GSTR 3?
    GSTR 3 is a monthly return based on the finalization of GSTR 1 and GSTR 2 .GSTR 3 can be generated only when GSTR 1 and GSTR 2 for the tax period have been filed by the taxpayer.