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GST Return

GST Returns Starting from ₹ 700/-

  • Filing GST Return
  • Obtain GST Number
  • Draft GST return documents in a prescribed format
  • Professional’s advice
  • Secure and simple online procedure
  • Get your GST return done in 4-5 days

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Introduction

Goods and Service Tax came into effect from 1st July, 2017. GST is the most buzzing word all over the country since it came into existence. GST Registration is being applicable to specified entities having certain criteria. Once you get the GST Registration it becomes mandatory to file the GST Return and follow the compliances.

GST returns is a document in which every registered dealer provide the required details to concerned Tax Authorities in a set format prescribed by the Government. It contains various details regarding total turnover, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax) of supplier under Goods and Services Act etc.

These GST returns are required to be filed in a prescribed format and in a prescribed time frame because as we know GST reduces the cascading effect of Tax in a chain so the returns are also to be filed properly by every dealer in that chain so that the tax authorities can reconcile the transaction timely and provide the GST credit to each authorized dealer timely.

Firm Registration can help you with the filing of GST Returns for any kind of supplier or entity just by following certain steps by providing the best assistance, timely delivery and guaranteeing the highest customer satisfaction You may get in touch with our team on call or email info@firmregistration.in

Advantages
Firm Registration

Advantages Of Filing GST Returns

Avail Input Tax credit

If supplier files its return properly then it becomes easy for suppliers to take input tax credit. Input credit means at the time of paying tax on output to the government, supplier can reduce the tax that it had paid on inputs,

Avoid penalty

Timely filling of GST Returns allows supplier to avoid late fee and penalties and letter from Department.

Higher Compliance Rating

GST Network has introduced a new mechanism whereby the registered entities are rated as per the regularity in filing of returns and documents. The ratings are displayed on the website which is beneficial for the entities.

Requirements
Firm Registration

Document Required

  • Login Credentials : GST ID and Password
  • Details of Purchase
    • Purchase made from Registered person
    • Purchase made from Unregistered person
    • Receive goods liable for Reverse charge
  • Details of supply
    • Outward supply to Registered person
    • Outward supply to Unregistered person
    • Exempt sale
  • DSC in case of company
Requirements
Firm Registration

Types Of Dealers And Returns

S.noType of DealerApplicable GST ReturnParticulars
1.Regular DealerGSTR-1Details of outward supplies of taxable goods and/or services or Sales transaction in a tax period to registered and unregistered dealers. To be filed monthly by taxpayers having the total annual turnover above 1.5 crores else to be filed quarterly by rest taxpayers.
  GSTR-2ADetails of inward supplies of taxable goods and/or services from a registered dealer during a tax period in an auto populated format. Details filled in GSTR1 will be shown in GSTR 2A to respective dealers.
  GSTR 2This is the return used for reporting the purchases during the tax period and inputs will be taken from GST 2A , however this return can be edited likewise for purchase return and submitted monthly. This return is suspended since application of GST.
  GSTR-3BThis is the most useful and popular GST return since the inception of GST in India. Self-Explanatory Return in which summary of outward supplies along with Input Tax Credit is declared and payment of tax is affected by taxpayer.
  GSTR 9This is also called as Annual return of GST. It contains all the business transactions during an accounting year consolidating the data of all GST returns filed during the year. It a compilation of whole data in one place i.e. all the sales and purchase transactions made and taxability under the respective heads i.e. IGST, CGST and SGST. This also contains any amendments or adjustments made in returns showing the overall picture of GST on business.
  GSTR 9CThis form is applicable on auditable entities under GST. This statement filed by the company having turnover more than 2 crores and auditable under Income tax Act 1961. This is reconciliation between the turnover filed under 2 Acts.
  GSTR 10This statement is called as Final return in GST. This Final return has to be filed compulsorily within 3 months from the date of cancellation of GSTN. It means this return is to be filed only on the event of cancellation or surrender of GSTN. This contains information about the closing stock held on that GSTN , the GST will be calculated on closing stock and tax will be paid and that statement must be certified by a CA in practice.
2.Composition DealerGSTR-4/CMP-08Return for a taxpayer registered under the composition levy, the dealers who opted for composition scheme having a turnover less than 1.5 crores and to be filed quarterly.
  GSTR 9AThis is the form of Annual return of the composition dealers. This form contains all the data from quarterly returns filed by the taxpayers.
3Tax DeductorsGSTR 7Monthly TDS Return filed by the taxpayers required to deduct TDS and paid off the liability. Mostly Govt Departments have taken this Reg in order to deduct the TDS of suppliers on tender amount and provide them TDS certificate in Form 7A.
4Input Service DistributorsGSTR 6Monthly Returns to be filed by Input Service Distributor (ISD) in order to distribute the Credits received. It contains all the information regarding the manner of credit received and distributed.
5E-Commerce OperatorsGSTR 8Monthly returns to be filed by the E-Commerce operators required to deduct TCS of the dealers operating on online platform. TCS@1% to be deduct on supplies made through the given platform.
  GSTR 9BAnnual Return for the E-Commerce dealers who deduct the TCS of dealers for ex. Amazon. In this statement they are required to file the total outward supplies from their platform during the year less the supplies returned and total TCS collected from the dealers on their respective GSTN.
6UN Bodies/EmbassyGSTR 11This is a special type of return for some specified class of persons who are not liable for tax in Indian law exp. Foreign diplomats and foreign embassies. They are allocated a Unique Idenfication No. (UIN) on registration, with this UIN they are eligible to claim the refund of GST paid by them in India. This statement contains all the inwards supplies received and GST refund claimed on that.
7Non-Resident TaxpayersGSTR 5All the foreign nationals who are doing business in India and did not get a permanent establishment here are eligible for a temporary registration under GST. For the tenure they did business in India they are liable to file a GST return in form GSTR 5 containing all the supplies sold and purchased during the time in India.
 
Process
Firm Registration

Procedure

1. Complete the Application Form

You are requested to first fill the simple questionnaire provided by our expert team.
Direction Arrows
Step 01

2. Document Processing

At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
Step 02

3. Preparation of form filing

After arranging the documents we will begin with the processing of the purchase and sale bills for the month/quarter and account them and prepare the respective form.
Direction Arrows
Step 03

4. Submission of the GST Return

After verification of all the data provided, the professional will discuss the matter with the clients and after the approval will file the GST Return on the GST Portal.
Step 04

5. Information to Client

After submitting all the documents, the acknowledgement will be provided to the client via mail.
Step 05
Faq's
Firm Registration

FAQ's On GST Return

Can I take input Tax credit without filling GST return?

No, to take Credit of your input tax paid you surely have to submit GSTR 3B consisting your taxable purchase and sale.

If I filled GSTR-1 with all my sale details than why do I need to file GSTR-3B also?
GSTR-3B consist all detail of supply and purchase made by you during a month that helps you to take claim of Input Tax credit (ITC).
I have turnover of 2 crore, can I file GSTR-1 quarterly?
No, GSTR-1 can be filed quarterly only if turnover is up to 1.5 crore otherwise it has to be monthly
Can we adjust the tax paid on reverse charge mechanism against the input ITC available?
No, the tax to be paid on reverse charge is to be paid in cash.
Who needs to file GSTR-1?

Supplier of Goods and Services needs to file the return called GSTR-1 that consists details of its supply to registered and unregistered dealers.

 
Can I file GSTR-3B quarterly?

No, GSTR-3B can be file monthly only. GSTR-1 can filed quarterly.

 
Can I revise GSTR-3B?

It is not possible to revise GSTR-3B once filed. But Government has now allowed to ‘Reset GSTR 3B’ through which the status of ‘Submitted’ will be changed to ‘Yet to be Filed’, and all the details filled in the return will be available for editing.

 
If I do not claim ITC on expenses incurred in a month, can I claim it in next month?
Ideally, ITC for the current month should be claimed in the current month return. But in case by mistake you did not claim in current month , you can claim the ITC upto Sept month of next FY. However you need to inform this adjustments in GSTR 9.

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