| GSTR 1 | Details of the outward supplies of the taxable goods and or services | Monthly / Quartely |
| GSTR 3B | Simple returns in which a summary of the outward supplies along with the input tax credit that is declared and the payment of the tax is affected by the taxpayer. | Monthly / Quartely |
| CMP 08 | Statement cum challan to make a tax payment by a taxpayer registered under the composition scheme under Section 10 of the CGST Act. | Quartely |
| GSTR 4 | Returns to be filed by the taxpayer that is registered under the composition scheme under Section 10 of the CGST Act | Annually |
| GSTR 5 | Returns to be filed by a Non-resident taxable person | Monthly |
| GSTR 6 | To be filed by the input service distributor to distribute the eligible input tax credit | Monthly |
| GSTR 7 | Is filed by the government authorities | Monthly |
| GSTR 8 | Details of supplies that are affected through the e-commerce operators and the amount of tax that is collected at the source by them. | Monthly |
| GSTR 9 | Annual return for a normal taxpayer | Annually |
| GSTR 9C | Certified reconciliation statement | Annually |
| GSTR 10 | Is filed by the taxpayer whose GST registration is canceled | Once the GST registration is canceled or surrendered |
| GSTR 11 | Details of the inward supplies are furnished by a person who has UIN and also claims a refund. | Monthly |
What is GST Return Filing?
Businesses that are registered under GST have to file the GST returns monthly, quarterly, and annually based on the business. Here it is necessary to provide the details of the sales or purchases of the goods and services along with the tax that is collected and paid. Implementation of a comprehensive Income Tax System like GST in India has ensured that taxpayer services such as registration, returns, and compliance are in range and perfectly aligned.
An individual taxpayer filing the GST returns has to file 4 forms for filing the GST returns such as the returns for the supplies, returns for the purchases made, monthly returns, and the annual returns.
GST return filing in India is mandatory for all the entities that have a valid GST registration irrespective of the business activity or the sales or the profitability during the period of filing the returns. Hence, even a dormant business that has a valid GST registration must file the GST returns.
GST return is a document that contains the details of all the income or the expenses that a taxpayer is required to file with the tax administrative authorities.
Types of GST
Registration.
Benefits for GST Returns
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Dedicated GST AdvisorA relationship manager with experience in the sector that you operate in will guide you through the process of GST registration and filings. They will help with specific tasks such as uploading invoices and also ensure that your filing is taken care of on time.
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Reminder to file GST returnsOur platform ensures that you get timely reminders well in advance of the deadline beyond which penalty will be applicable. In addition to this, your GST advisor will also remind you periodically so that no deadlines are missed.
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Monthly GST Status reportsMonthly reports detailing the status of GST return filing including GSTR- 3B and the way forward will be shared with the clients by the GST advisors.
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GST returns by LEDGERSGST returns are prepared by LEDGERS- the GST software so that it is error-free and filed on time without hassles.
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GSTR- 1 and GSTR- 3B filingGSTR-1 is a quarterly return that should be filed by every business. Turnover determines the due dates for GSTR- 1. Business with sales up to Rs. 1.5 Crore can file their quarterly returns.
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Input Tax Credit ReconciliationBusinesses will be enabled to benefit from the input tax reconciliation mechanism provided by the government to achieve neutrality in the incidence of tax and ensure that such input tax element does not enter into the cost of production or cost of supply of goods and services.
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Standard accounting and cloud recordsAll of your financial transactions and invoices will be recorded in LEDGERS by accountants so that the filing of all your returns including ITR, TDS, and GST is seamless and cost-effective.
Document Required for GST Registration
- invoice
- Purchase Invoices
- Bank Statement
- Sales Invoices
- Amended Invoices
- Credit Notes
- Debit Notes
- Accounting Data
