GST Return Filing 

1. What is GST Return Filing?
GST Return Filing is the process of submitting various GST forms to the Goods and Services Tax (GST) portal to report sales, purchases, tax collected, and tax paid. It is mandatory for all GST-registered businesses to file their returns periodically to stay compliant with Indian tax laws.

2. Types of GST Returns:

• GSTR-1: Details of outward supplies (sales).
• GSTR-2: Details of inward supplies (purchases).
• GSTR-3B: Summary of monthly outward supplies and taxes paid.
• GSTR-4: For composition scheme taxpayers (quarterly).
• GSTR-9: Annual return summarizing all the details of GSTR-1, GSTR-2, and GSTR-3B filed during the financial year.
• GSTR-10: Final return for businesses that cancel GST registration.

3. Services Offered for GST Return Filing:

• Monthly/Quarterly Return Filing: We file GSTR-1 and GSTR-3B returns on a monthly or quarterly basis based on your business turnover.
• Tax Calculation: Our team ensures accurate calculation of tax liability (GST payable) after considering input tax credit (ITC).
• GST Compliance: We make sure that your GST returns are filed within the due dates to avoid late fees or penalties.
• Annual Return Filing: We assist with GSTR-9 and GSTR-10 filing at the end of the financial year, ensuring accurate reconciliation of data.
• Tax Credit Reconciliation: We help reconcile your input tax credit with the government records to ensure it is properly claimed.
• Tax Planning & Advisory: Providing tax-saving strategies and GST compliance advisory to optimize your tax filings.

4. Benefits of GST Return Filing in India:

• Avoid Penalties: Timely filing of returns ensures you avoid late fees, penalties, and interest on tax liabilities.
• Maintain Tax Compliance: Regular filing helps keep your business compliant with the GST regime and avoid legal complications.
• Tax Credit Management: Proper filing ensures you can claim eligible input tax credits, reducing your overall tax liability.
• Business Transparency: Filing returns accurately and on time helps in maintaining transparency, boosting your credibility with stakeholders.
• Audit Readiness: Accurate returns make it easier to pass GST audits, reducing the risk of discrepancies.

5. Documents Required for GST Return Filing:

• GSTIN: GST Identification Number of the business.
• Sales and Purchase Invoices: Record of all outward and inward supplies made during the period.
• Input Tax Credit: Details of GST paid on purchases and other expenses.
• Tax Payments: Details of tax payments made during the period, if applicable.
• Bank Statements: For payment reconciliation, if needed.
• Other Relevant Documents: Any documents supporting exemptions, deductions, or special schemes (if applicable).

6. Process for GST Return Filing:

1. Prepare Data: Gather all sales and purchase invoices, tax payments, and other relevant details for the reporting period.
2. Calculate Tax Liability: Determine the GST liability by subtracting the eligible input tax credit from the output tax (tax on sales).
3. File Returns: Submit the appropriate GST return forms (GSTR-1, GSTR-3B, etc.) through the GST portal.
4. Pay Tax Liability: If taxes are due, make the necessary payments before the filing deadline.
5. Reconciliation & Verification: Regularly reconcile filed returns with the data in GST portal to ensure accuracy.

7. Due Dates for GST Return Filing:

• GSTR-1: By the 10th of the following month (monthly or quarterly based on the taxpayer’s turnover).
• GSTR-3B: By the 20th of the following month.
• GSTR-9 (Annual Return): By the 31st of December of the next financial year.
• GSTR-4 (for Composition Scheme): By the 18th of the month following the quarter.

Why Choose Us?
Our GST Return Filing services ensure that your business stays compliant with all GST laws while optimizing tax processes. We provide timely and accurate filing, minimize penalties, and help you claim all eligible tax credits, making the GST filing process hassle-free for you.