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GST Return Filling

GST return filing is done to maintain financial accounts per year. GST return is a document that contains the details of the income of the taxpayer. This document needs to be filed with the tax authorities. Introduced in India since July 2017 in GST registration. In accordance with the Act it is a combination of an indirect tax such as VAT & Service Tax.

You are required to exceed 40 lakh rupees per year by your sales or sales, in accordance with the latest amendment from 1 April 2019.For some particular companies, without crossing the sales limit, registration is mandatory. For example, you need to register the GST from the start of your business if you are running an e-commerce enterprise. Online GST Registration is only 2-3 business days in length and we have a verified GST Certification in your email address with login details.
 

What are benefits of GST?

 

Take input tax credit – GST Input tax credit may be used by GST Registrants when buying goods and services. So if you are a B2B company then you need GST from the beginning.


Stronger than the Company – GST Registration provides you with valid legal entity registrations so that any other company or individual can easily show your valid proof.


Open your current account – on the basis of GST R, GSTIN Holder can easily open your current bank account


Online selling — you can easily sell with E-Commerce portals such as Amazon or Flipkart, etc using the GSTIN Registration Number 


Govt projects tender: all of the government projects only require valid firms with the GST number if you are a contractor and wish to tender for any type of govt tender.


Accept large MNC projects – Until you have a valid legal entity evidence business, MNC does not deal with the same thing. MNC does not.

Get Started @ Rs 999/-

Process of GST Filling

  1. Login into the GST portal with your credentials.

  2. On Dashboard screen, click “Returns Dashboard”.

  3. Select the Financial Year and the return filing period.

  4. Click “Search” and tiles of all returns to be filed will be displayed.

  5. Click “Prepare Online” button on the GSTR3B tile.

  6. A message showing that how GSTR 3B filing has become more user-friendly will be displayed. Read the message and click OK.

  7. Click Next and GSTR3B monthly return page will be displayed showing return related information and return status.

  8. Fill the Details save the GST 3B and Submit the Return.

Types of GST Returns

How It Works?

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Fill The Form

Once you have submitted the above form, you will qualify to Get a Free Expert Consultation Session & you will receive a Call from Our Expert we will share a Quotation to your email and Whatsapp instantly.

Evaluation With Our Professionals

We will Evaluate your Start-up requirements and identify an accurate business structure.

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Get Certificate

Get your companyincorporation certificate

Eligibility for Return Filing

  • Registered persons taxable under GST has to file 2-monthly returns and 1-annual returns.

  • But all the businesses who have not exceeded the exempted limit, which is Rs.20 lakhs all over India and Rs.10 lakhs in Northeastern and Hill States, are not eligible.

  • All businesses with a turnover of more than 20 lakh rupees are required for GST return filing online.

  • This should be applicable, even if an entity makes no sale during a given year in the form of NIL returns.

Documents Require for ITR Filling

Penalties of Non-Compliance

  • The deadline for GST return filing online is the 20th of the month. There are strict laws under the GST Act for non-compliance with the Rules & Regulations.

  • Penalty for Not Getting GST Registration, when a business is coming under the purview. The penalty is 100% of the tax amount if the offender has not filed for GST registration and intends to purposefully avoid it. The amount is the tax as applicable. Or Rs. 10,000, whichever is higher.

  • A penalty of 100% tax due or Rs. 10,000, whichever is higher, is also applicable to those who choose Composition Scheme despite not being eligible to it.

  • Any offender not paying his due tax or making short payments (genuine errors) is liable to pay a penalty of 10% of the tax amount. This amount cannot be less than Rs 10,000.

  • A person guilty of not providing the GST invoice is liable to be charged 100% tax due or Rs. 10,000. Whichever is higher.

  • An offender will be charged a fine of Rs. 25,000 for incorrect invoicing for not having GST return filing online.

  • If a person has not filed for unpaid tax, there is a penalty of Rs. 50 per day. Rs. 20 per day if he was to file for NIL returns. And the maximum amount must not exceed Rs. 5,000.

  • There is also a provision of the penalty by a jail term for tax offenders to commit fraud.

WHAT IS THE FEE OF GST FILLING RETURNS.

There is no Specific amount every CA Charge Different Amount depends on business of client .But TAX N LOAN Team Charge Starts From Rs 499-/ (GST 3B & GST R1) monthly basis.

Why Taxnloan?

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