Now No ‘Headache’ to File GST Return Thanks to Us!
There is no doubt that you would like to concentrate more on your business operations than go on filing tax returns every now and then. As a GST-registered business, you are legally required to file 26 GST returns in one financial year. Well, this certainly looks like a lot of filings.
But don’t worry. Thanks to our CA and experienced business lawyers at Online Legal Center, to file GST return is no more a “headache.” Leave this to our experts. In just a few clicks, you can file the returns and continue to do business without worry. It is important that you file correctly and on time. Here’s where our legal experts come to your rescue and give you the best legal guidance throughout the process.
GST returns broadly include:
- Sales
- Purchases
- GST on sales (output GST)
- GST on purchase (input tax credit)
GST returns:
GST has 13 returns. They are:
- GSTR-1
- GSTR-3B
- GSTR-4
- GSTR-5
- GSTR-A
- GSTR-6
- GSTR-7
- GSTR-8
- GSTR-9
- GSTR-10
- GSTR-11
- CMP-08
- ITC-04
Each return has a specific date for filing. You must file within the due date to avoid late fines.
Benefit of hiring a CA for filings
There are monthly, quarterly, and yearly filings.
Every taxpayer, depending on what bracket of tax payment he or she comes, has to file for GST return accordingly. It may prove to be a hassle remembering the GST filing dates and what different kinds of returns to file. However, when you have a qualified and experienced CA by your side, you are rest assured that you will do the filings on time and not miss any filing.
Remember, it is important to file the returns. Not doing so can lead to cancellation of your GST registration.
Documents required to file GST return
- GST registration documents
- Purchase invoice
- Purchase or input credits
- Type of invoice
- Date and number of the invoice
- Details of the consumer
- GST rate
- Amount of applicable IGST/CGST/SGST
- GSTIN of the business
Online Legal Center provides qualified and experienced CAs and business lawyers who can make all your business legalities hassle-free. They will help you carry out the legal formalities on time and in a correct manner. This way, you can carry on your business operations in an ethical, legal, and worry-free manner with all your records neat and error-free.
Frequently Asked Questions (FAQs)
Failing to file the return on time attracts late fee and interest at 18% per annum. Late fee is Rs. 100 per day.
Yes. Your CA from Online Legal Center will help you file online.
QRMP – Quarterly Returns with Monthly Payments – is a new scheme implemented from January 1, 2021. It was recommended by the GST Council. In this scheme, taxpayers who have AATO (Aggregate Annual Turn Over) of upto Rs. 5 Crores in the last and the present financial year have the alternative to file GST return in Form GSTR-1 and GSTR-3B quarterly. They simply have to pay a challan for the quarter’s first two months.
No. There is just one common GST form that contains sections for CGST, IGST, and SGST. You can fill the form accordingly. Online Legal Center can help you fill the form correctly and do the filings on time and with efficiency.
No. You must pay the tax BEFORE filing for GST returns. If you don’t do so, then the return will be regarded as invalid as per law.