Why GST Filing?
What is included in our GST Compliances package?
- Advisory on GST
- Advisory on rates and changes in structure
- GST return preparation monthly
- GST Return filing online monthly
- Annual Returns
Procedure for GST monthly filing Service
Documents Required For GST compliances?
- Business Details and Documents
- Invoices for Sales and Purchases
- Knowledge about Business expense and revenue
- Previous GST Return if applicable
Advantages of GST-Filing
Funding
If you are looking for any form of debt or equity funding, you need to have your GST return in place. Lot of start up starts scrambling for GST Return filing services once they realise it.
Budget
Start Early! Track your revenue and expenses to give your business the right direction from day 1. Co-founders can run a really efficient operation if they have all the cost heads in their control.
Compliance
Peace of Mind! Focus on your business leaving aside all the headaches of GST Return compliances to experts. This is a mandate of law to have GST return filing in place.
Cost Efficient
Stitch in time, saves nine! The earlier you plan on your GST Tax compliances, the more you save later. There are lot of regulations which allows business to save on their taxes.
FAQ’S
Q. How many GST returns needs to be filed every year?
Three GST returns are to be filed every month and 1 consolidated return annually. In nutshell, 37 GST returns are filed every year.
Q. If a business has not done any revenue, do they still need to file GST returns?
If a business has done GST Registration, they have to file ‘Nil GST Returns’ even if they have not clocked any revenue in that particular month. Return filing of GST for zero return is a fairly uncomplicated process.
Q. How many businesses have got GST registration done till now?
As per Government records, approximate 7.2 million businesses were registered under GST act and approximate Rs 92 Lacs Crore were collected as GST Tax.
Q. How Frequently you have to file GST Return?
The Frequency of GST return filing depends on type of registration and transactions. For normal tax payers, NRI, Foreigners, Input Service Distributor, Tax Deductors and E-commerce Operators have to file monthly return. Composition taxpayers are required to0 file a quarterly return. There is also an additional Annual GST Return apart from the monthly returns.
Q.What is the best way for GST Returns Filing?
GST Returns Filing can be done by accounting consultants or even the owner of the company but it should best be left to be done by accounting services provider to avoid any wrong filing. There are various small business accountant who does this job at optimal fee.
Q. Is GST Filling is done every month?
No, as per the latest amendment by Government, GST Returns for Online GST Registration has to
be done quarterly for Pvt Ltd Company Registration, Firm Registration and LLP Registration with
turnover of less than 1 Crore.
Q. Does GST Return filing needs to be done even if there is no invoices and transactions?
Yes, even if the company has zero transactions GST Return Filing needs to be done for Zero
returns.
Q. Does GSR Return filing needs to be done every month?
Businesses with GST Registration needs to file their sale purchase summary every month but the
return filing has to be done once every 3 months for company registration and businesses with
turnover less than 1.5 Crore.
Q. Do the people having GST Registration under composition scheme and needs to do GST Return filing every month?
No, The business registered under GST Registration composition scheme needs to file their GST
Return filing every quarter.
Q. What are the fine for delay in GST Return filing?
Yes, there are fine for GST return filing. The fine varies from Rs 20 per day and is subject to change
as per government notification.
Our Gallery
We have 14+ years of experience
We have worked with clients from across difference industries such as Hospitality, Manufacturing, e-commerce, NBFC, Government Companies, Banks, Real Estate, IT, Consulting amongst others
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4 Lakh+ Taxes Filed
250+ Corporate Partnerships
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