Every person who is applying for the GST Registration has to file GST return Filing. GST Return is mandatory for each person whose enroll under the GST Registration.There is a lot of the type of the GST Returns which you have to file the monthly basis with one annual return. A registered personal have to file the returns about the following things –
#1 Total Sales of the Month
#2 Total Output GST Tax
#3 Total Purchase of the Month
#4 Total Input GST Credit Tax
If you are registered under the GST Composition Scheme then there are the different rules for the same.
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Purpose of this return is to furnish details of all sales including B2B and B2C. Due date of this return is 10th of every month and in case of a quarterly return, the end of next month of every quarter.
This is a summary return with details of net tax liability based on the output & input tax. Due date of this return is 20th of every month.
A business who opt for composition scheme and needs to pay to subsidize GST rates from 1% to 5% & file this quarterly return.
The purpose of this return is to rectify/resolve the mismatch in sales figures with your customers to whom you raise the tax invoice
An e-commerce operator who needs to collect TCS (Tax collected at source) under GST requires to file this return till 10th of every month.
This is the Annual GST return, which is to be filed by all registered persons till 31st March of every financial year.
Provide Required Information and Documents over the mail
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Our professional will prepare GST Return and intimate the tax liability
Our professional will file GST Return online with GST department
Share the acknowledgment receipt obtained from the portal
There are various returns to be filed under GST law. The most common are GSTR 1, GSTR 2 and GST 3, because they need to file them monthly.
Types | Details about GST Return | By When? | By Whom? |
---|---|---|---|
GSTR – 1 | Outward return (Details about your sales/ Supplies made during month) | 10th of next month | Registered person except few |
GSTR – 2 | Inward return (Details about your purchases made during month) | 15th of next month | Registered person except few |
GSTR – 3 | Month return (for cumulative records of inward and outward made during month) | 20th of next month | Registered person except few |
GSTR – 4 | A return by Composite dealer (a person availing such service with supplies < Rs. 50 lakh) | 18th of next quarter | Composite dealer only |
GSTR – 5 | Monthly return by Non resident taxable person | 13th of next month | Registered non resident |
GSTR – 6 | Monthly return by input service distributor | 13th of next month | Input service distributer |
GSTR – 7 | Person who are required to deduct TDS | 10th of next month | Prescribed persons |
GSTR – 8 | E-commerce market places who are required to deduct TDS | 18th of next quarter | Registered person except few |
GSTR – 9 | Annual Return | 31th of next year | Every Registered Person |
The tax previously paid by the supplier is deducted from the amount he is liable to pay. The taxes paid and collected are recorded by filing return by both the parties, the Input Tax Credit can be given to the buyer. The registered taxpayer can’t claim the input credit if the return is not filed on time.
Under the GST system, tax is collected in three different way – IGST, CGST & SGST. The data of all the taxes paid or collected is required to be recorded in a single form itself. The online filing system is improved under this system which is additionally proposed to be progressively simplified through one form of filing for recording all exchanges.
For delay in filing return, the taxpayer is accused of a late fee of ₹ 50 for every day of a postponement till the actual date of filing. To avoid such heavy penalties, the filing must be done immediately. The taxpayer with no tax obligation is also liable to file the return. The late charge of ₹ 20 for every day of postponement.
Under Normal Registration, two important types of GST returns required to filed i.e. GSTR-1 & GSTR-3B.
Under Normal Registration, two important types of GST returns required to filed i.e. GSTR-1 & GSTR-3B.
The GST return has to filed online through the GST portal. GST portal allows you to prepare returns offline and file it online.
There would be no technique or modification of a GST Return. Every single unreported receipt of the past tax period must be included for the return for the present month and interest if any would be applicable.
No, Only the registered business under GST is permitted to gather GST from the clients. A business not registered under GST can’t gather GST nor claim the input tax credit on GST paid.
GST registration must be taken for every one of the branches or offices or spots of business out of which the business works. Subsequently, the taxable individual must get GST registration in each State from which he plans to supply goods or services
No, Kanakkiyal totally gives the GST Filing service online. Along these lines, you need not need to be truly present during the Filing procedure. We can get the job done for you, regardless of whether you are in the remotest area in India.
For delay in filing return, the taxpayer is accused of a late fee of ? 50 for every day of a postponement till the actual date of filing. To avoid such heavy penalties, the filing must be done immediately. The taxpayer with no tax obligation is also liable to file the return. The late charge of ? 20 for every day of postponement
GSTR-3B requires to be each month. Due date of documenting GSTR-3B return is 20th coming month.
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