GST Return Filing
- File GST Returns on time, ensuring GST compliance and avoiding late fees, interest and penalties.
- Filing of GSTR-9/9C ensuring annual reconciliation
- Ensure accurate HSN/SAC code validation, verify GSTINs, and guarantee error-free, audit-compliant submissions before the due dates.
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Basic
Package for business having NIL Returns
₹2299
What you'll get
- Expert assisted process
- NIL GSTR-1 & 3B filing quarterly
Standard
₹4499
What you'll get
- Expert assisted process
- GSTR filing (upto 100 transactions)
- Package for quarterly return
Premium
₹7499
What you'll get
- Expert assisted process
- GSTR filing (upto 300 transactions)
- Package for quarterly returns
Trueconsultant Premium
For new businesses or existing businesses planning to expand. Offers a fast and efficient incorporation process.
Features
- Assistance with application preparation for accurate paperwork.
- Application submission completed within 2 days.
- Company incorporation completed in just 5 days, subject to MCA portal availability.
Note:
- We will try to retain your existing business name, if applicable.
- Our experts can suggest alternative names if the preferred name is denied.
Pricing: Starting from ₹50,000, depending on business requirements. Includes first-year compliance, such as auditor appointment and annual filing.
Overview
GST return filing is the process through which businesses report their sales, purchases, and taxes paid to the government under the GST regime. The returns submitted by taxpayers include information on their outward and inward supplies, taxes collected, taxes paid, and input tax credit (ITC) claimed. The return must be filed periodically as per the type of business and turnover.The return must be filed once registration granted.
Importance of Timely GST Return Filing
Timely filing of GST returns ensures the following:
Documents Required for GST Return Filing
List of the documents for filing GST returns:
1. Business Details
2. Sales Invoices
3. Purchase Invoices
4. Input Tax Credit (ITC) Details
5. Payment Details
6. Bank Statements
7. TDS and TCS (If Applicable)
8. Export Details (If Applicable)
9. Other Relevant Documents (If Applicable)
Types of GST Returns
There are several types of GST returns that businesses may need to file, depending on their category:
|
Return Type |
Description |
Due Date |
|
GSTR-1 |
Contains details of outward supplies (sales) made by the business. |
11th of the following month (monthly) or 13th (quarterly). |
|
GSTR-3B |
A summary return detailing both outward and inward supplies and taxes paid. |
20th of the following month. |
|
GSTR-9 |
The annual return summarizing all monthly and quarterly returns filed during the year. |
31st December of the following financial year. |
|
GSTR-4 |
Filed by businesses under the Composition Scheme, containing details of supplies and tax paid. |
18th of the month following the quarter. |
|
GSTR-6 |
Filed by Input Service Distributors (ISD) for distributing ITC. |
13th of the following month. |
|
GSTR-7 |
Filed by entities who are required to deduct Tax Deducted at Source (TDS). |
10th of the following month. |
|
GSTR-8 |
Filed by e-commerce operators collecting Tax Collected at Source (TCS). |
10th of the following month. |
|
GSTR-10 |
Final return for businesses whose GST registration has been canceled or surrendered. |
Within 3 months of cancellation or surrender of GST registration. |
|
GSTR-11 |
Filed by individuals who are holding UIN (Unique Identification Number) for claiming a refund of taxes paid. |
28th of the following month. |
Who Needs to File GST Returns?
GST return filing is mandatory for all businesses registered under GST. The following entities are required to file GST returns:
1. Regular Taxpayers: Businesses with a taxable turnover above the prescribed threshold limit (Rs. 20 lakhs for most states, Rs. 10 lakhs for special category states).
2. Composition Scheme Taxpayers: Small businesses opting for a simplified tax structure with lower rates and fewer compliance requirements.
3. E-commerce Operators: Platforms that collect Tax Collected at Source (TCS) on behalf of the sellers.
4. TDS/TCS Deductors: Taxpayers who are required to deduct TDS or collect TCS.
5. Input Service Distributors (ISDs): Businesses that distribute input tax credit (ITC) to other units or branches.
GST Filing Process:
1. Get in touch with our experts
Book a slot with our GST experts and resolve all your queries. I not yet registered then get your GST registered on time
2. Preparing and Updating invoices
Provide the required documents and fill in essential details such as B2B invoices , B2C invoices, ITC details for initiating the return filling process.
3. GST Return Calculation and Filing
Our team will calculate the GST returns and file them on your behalf on the online portal. You will get the acknowledgement after the GST returns are filed.
Penalties for Non-Filing or Late Filing
1. Late Fees for Non-Filing of GST Returns
If you miss the deadline for filing your GST returns (such as GSTR-1, GSTR-3B, or GSTR-4), late fees will be levied as follows:
- Amount: The late fee is charged at ₹50 per day of delay for each return (₹20 if no transactions are reported in the return).
- Maximum Late Fee: The maximum late fee for each return is capped at ₹5,000. Therefore, if the return is filed late beyond a certain period, the late fee will stop accumulating once the ₹5,000 limit is reached.
2. Penalties for Non-Filing or Incorrect Filing
There are penalties for taxpayers who fail to file their returns, fail to pay the tax due, or file incorrect information.
|
Offense |
Penalty |
|
Failure to File GST Returns |
₹10,000 or 10% of the tax due, whichever is higher |
|
Failure to Pay Tax |
18% annual interest on the tax due |
|
Incorrect Information in Returns |
Penalty up to ₹25,000, depending on severity |
3. Penalty for Late Filing of GST Annual Return (GSTR-9)
The filing of the annual return (GSTR-9) is mandatory for all registered taxpayers. Delays in filing the annual return can result in penalties:
If GSTR-9 is filed after the due date, a late fee of ₹200 per day is charged (₹100 each for CGST and SGST). The maximum late fee for non-filing of GSTR-9 is capped at ₹5,000.
Conclusion
GST return filing is a vital part of a business’s compliance under the Goods and Services Tax system. Businesses must ensure that they file their returns accurately and on time to avoid penalties and stay compliant. The GST portal provides an easy platform for filing returns, and it is essential to stay updated with any changes in the filing process and deadlines.
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