Online GST Filing
- Timely & Accurate GST Filing:
Ensure compliance with timely filing and accurate returns, avoiding penalties and interest.
- End-to-End Filing Support:
From data preparation to return submission, we handle everything for a seamless GST filing experience.
- Affordable & Transparent Pricing:
Reliable GST filing services with clear pricing and no hidden charges.
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Overview of GST Filing
GST filing is a crucial process for businesses registered under the Goods and Services Tax (GST) regime. It involves submitting various returns to the government, reporting the sales and purchases made during a specified period. This process ensures compliance with tax laws and helps maintain transparency in the taxation system.
Key Aspects of GST Filing:
Types of Returns:
- Businesses must file different types of GST returns based on their classification (regular taxpayer, composition scheme, etc.). Common returns include GSTR-1 (details of outward supplies), GSTR-3B (summary return), and annual returns like GSTR-9.
Filing Frequency:
- The frequency of filing depends on the type of taxpayer:
- Regular taxpayers: Monthly or quarterly.
- Composition scheme taxpayers: Quarterly and an annual return.
- The frequency of filing depends on the type of taxpayer:
Input Tax Credit (ITC):
- GST filing allows businesses to claim input tax credit on the taxes paid on inputs. This helps reduce the overall tax liability and promotes business efficiency.
Penalties for Non-Compliance:
- Failure to file GST returns on time can lead to penalties and interest on unpaid taxes. It is crucial to adhere to the deadlines to avoid unnecessary financial burdens.
Importance of Accurate Filing:
- Accurate GST filing is essential for maintaining compliance, avoiding disputes with tax authorities, and ensuring a smooth business operation. Mistakes in filing can lead to audits and penalties.
Expert Assistance:
- Many businesses opt for professional assistance in GST filing to ensure accuracy and compliance. Experts can help simplify the process, manage deadlines, and provide insights on maximizing tax benefits.
Conclusion
Understanding the GST filing process is vital for businesses to operate smoothly under the GST framework. With the right guidance and timely submissions, businesses can navigate the complexities of GST filing, ensuring compliance while focusing on growth.
Why Taxamicus?
99.8% Accuracy
Our team ensures highly accurate GST filings, minimizing errors and discrepancies to keep you fully compliant.
Starting from Rs.499
We offer affordable pricing with no hidden fees, providing high-quality service that fits your budget.
Timely Reminders & Updates:
Never miss a deadline! We provide regular reminders and updates on your GST filing status, ensuring you’re always on track.
Hassle-Free Process:
With our streamlined and client-centric approach, you can experience a smooth, stress-free GST filing process while focusing on your business.
Types of GST Returns Handled by Taxamicus
- GSTR-1 (Sales/Outward Supplies)
- GSTR-3B (Summary Return)
- GSTR-4 (Composition Scheme Filers)
- GSTR-9 (Annual Return)
- GSTR-9C (Reconciliation)
- GST TDS/TCS Return Filing
Our GST Registration Process
FAQ
All businesses registered under GST must file GST returns. This includes regular taxpayers, composition scheme dealers, casual taxable persons, and non-resident taxable persons.
The most common GST returns are:
- GSTR-1: Details of outward supplies (sales)
- GSTR-3B: Summary return with tax payment
- GSTR-9: Annual return
Additional returns like GSTR-2A, GSTR-4 (for composition scheme), and GSTR-7 (TDS) are also part of the filing process.
- Monthly: Regular taxpayers need to file GSTR-1 and GSTR-3B monthly.
- Quarterly: Taxpayers under the composition scheme file GSTR-4 quarterly.
- Annually: GSTR-9 must be filed once a year by regular taxpayers.
GSTR-3B is a summary return that taxpayers must file every month. It includes details of sales, input tax credit (ITC), and the payment of GST liability.
The deadlines for GST filing in India vary based on the type of return. Here are the general timelines:
GSTR-1 (Outward Supply):
- Monthly Filing: 11th of the following month.
- Quarterly Filing (for composition dealers): 18th of the month following the quarter.
GSTR-3B (Summary Return):
- Monthly Filing: 20th of the following month.
- Quarterly Filing (for composition dealers): 22nd or 24th of the month following the quarter, depending on the state.
GSTR-9 (Annual Return):
- Annual Filing: 31st December of the following financial year.
GSTR-4 (Composition Scheme):
- Quarterly Filing: 18th of the month following the quarter.
GSTR-7 (TDS Return):
- Monthly Filing: 10th of the following month.
GSTR-6 (ISD Return):
- Monthly Filing: 13th of the following month.
It’s important to stay updated, as the GST Council may revise these deadlines. Timely submissions are crucial to avoid penalties for late filing.
GSTR-4 is a quarterly return filed by composition scheme taxpayers. It provides details of sales and other liabilities.
The Quarterly Return Filing and Monthly Payment (QRMP) scheme allows small taxpayers to file GSTR-3B quarterly while paying taxes monthly. It’s available to taxpayers with a turnover of up to ₹5 crores.
Refund claims can be filed in the GST return for excess tax paid, unutilized ITC, or exports. Supporting documents and justification may be required.
Amendments can be made in subsequent returns. For instance, an error in GSTR-1 for one month can be corrected in GSTR-1 of a future month.
Late filing attracts a penalty of ₹50 per day (₹25 each for CGST and SGST) for normal returns and ₹20 per day (₹10 each for CGST and SGST) for nil returns, subject to a maximum limit. Interest on late payment of taxes is charged at 18% per annum.
No, once a GST return is filed, it cannot be revised. However, any errors or omissions can be corrected in the subsequent month’s return.
ITC is claimed through GSTR-3B based on eligible purchases. Businesses can claim a credit on the tax paid on inputs, which can be used to offset their output tax liability.
Missing a GST filing deadline results in a late fee, interest charges, and possible suspension of your GSTIN. Filing on time is essential to avoid these penalties and keep your business compliant.
No, GST returns must be filed online through the GST portal. However, offline utilities provided by the GST portal can be used to prepare returns and then upload them online.
Professional assistance is recommended to ensure accuracy, compliance with deadlines, and maximization of input tax credit.
Log into the GST portal, go to the “Services” section, and check the status of your returns under “Return Dashboard.”
Key documents include sales and purchase invoices, debit/credit notes, expense receipts, and tax payment details for the filing period.
GSTR-9 is an annual return summarizing all monthly or quarterly returns filed during the financial year. It is mandatory for most taxpayers.