GST Return

GST Return Compliance services provided by Consultaxx:

  1. Monthly GST Return Filling- GSTR-1,GSTR-2,GSTR-3,GSTR-5,GSTR-6,GSTR-7,GSTR-8,GSTR-11
  2. Quarterly GST Return Filling For Composition Taxpayers-GSTR-4
  3. Annual Return Filling-GSTR-9
  4. Cancellation Final Return-GSTR-10

What are the due dates of GST Return?

Every GST registered person has to mandatorily file 3 monthly returns and one annual return.Following is a detaield bifurcation according to each tax payer.

REGISTERED TAXABLE SUPPLIER/RECEPIENT/TAXPAYER:

FORM NO DATA TO BE SUBMITTED DUE DATE
GSTR-1 Details of outward supplies of taxable goods and/or services effected 10th of the next month
GSTR-2 Details of inward supplies of taxable goods and/or services effected claiming input tax credit. 15th of the next month
GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. 20th of the next month
GSTR-9 Annual Return 31st December of next financial year

REGISTERED COMPOSITION TAXPAYER:

FORM NO DATA TO BE SUBMITTED DUE DATE
GSTR-4 Quarterly return for compounding taxable person. 18th of the month succeeding quarter
GSTR-9 Annual Return 31st December of next financial year

OTHER TYPES OF REGISTERED TAXPAYERS:

FORM NO DATA TO BE SUBMITTED DUE DATE
GSTR-5 Return for Non-Resident foreign taxable person 20th of the next month
GSTR-6 Return for Input Service Distributor 13th of the next month
GSTR-7 Return for authorities deducting tax at source. 10th of the next month
GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected 10th of the next month
GSTR-10 Final Return Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11 Details of inward supplies to be furnished by a person having UIN 28th of the month following the month for which statement is filed

All these returns are to be filed digitally, to a common portal provided by the government.If not filed there is a penalty of Rs 100 per day and interest rate of 18% p.a for late tax payments.

The various features of the GST Portal and GST Tax Regime are:

Features of GST Returns and its Portal:

  1. Designed by a non government private company.
  2. It is very accurate and swift.
  3. Returns once filed cannot be revised.
  4. Once data is submitted we cannot make any changes in the same.
  5. Return data is cross linked with other GST No suppliers and purchasers , hence only when the return is cross verified and correct, then only it can be filed.
  6. If there is a mismatch the returns would not be submitted and tax payer has to match the same at his end.
  7. Monthly accounting must be done and it must be updated regularly., to give accurate data for return filling.

Advantages of GST Return Filling:

  1. One Indirect tax compared to previous various taxes and their acts(VAT,Service Tax etc)
  2. Lower tax rates.
  3. Large network of taxpayers
  4. Very less chance for tax evasions.

As the GST Returns cannot be revised it is advisable to consult a expert and file your returns in time and with accuracy.Even if you pay a bit extra to the tax advisers it is a good decision against paying huge penalties and interest.

GST Return Compliance services provided by Consultaxx:

  1. Monthly GST Return Filling- GSTR-1,GSTR-2,GSTR-3,GSTR-5,GSTR-6,GSTR-7,GSTR-8,GSTR-11
  2. Quarterly GST Return Filling For Composition Taxpayers-GSTR-4
  3. Annual Return Filling-GSTR-9
  4. Cancellation Final Return-GSTR-10

What are the due dates of GST Return?

Every GST registered person has to mandatorily file 3 monthly returns and one annual return.Following is a detaield bifurcation according to each tax payer.

REGISTERED TAXABLE SUPPLIER/RECEPIENT/TAXPAYER:

FORM NO DATA TO BE SUBMITTED DUE DATE
GSTR-1 Details of outward supplies of taxable goods and/or services effected 10th of the next month
GSTR-2 Details of inward supplies of taxable goods and/or services effected claiming input tax credit. 15th of the next month
GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. 20th of the next month
GSTR-9 Annual Return 31st December of next financial year

REGISTERED COMPOSITION TAXPAYER:

FORM NO DATA TO BE SUBMITTED DUE DATE
GSTR-4 Quarterly return for compounding taxable person. 18th of the month succeeding quarter
GSTR-9 Annual Return 31st December of next financial year

OTHER TYPES OF REGISTERED TAXPAYERS:

FORM NO DATA TO BE SUBMITTED DUE DATE
GSTR-5 Return for Non-Resident foreign taxable person 20th of the next month
GSTR-6 Return for Input Service Distributor 13th of the next month
GSTR-7 Return for authorities deducting tax at source. 10th of the next month
GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected 10th of the next month
GSTR-10 Final Return Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11 Details of inward supplies to be furnished by a person having UIN 28th of the month following the month for which statement is filed

All these returns are to be filed digitally, to a common portal provided by the government.If not filed there is a penalty of Rs 100 per day and interest rate of 18% p.a for late tax payments.

The various features of the GST Portal and GST Tax Regime are:

Features of GST Returns and its Portal:

  1. Designed by a non government private company.
  2. It is very accurate and swift.
  3. Returns once filed cannot be revised.
  4. Once data is submitted we cannot make any changes in the same.
  5. Return data is cross linked with other GST No suppliers and purchasers , hence only when the return is cross verified and correct, then only it can be filed.
  6. If there is a mismatch the returns would not be submitted and tax payer has to match the same at his end.
  7. Monthly accounting must be done and it must be updated regularly., to give accurate data for return filling.

Advantages of GST Return Filling:

  1. One Indirect tax compared to previous various taxes and their acts(VAT,Service Tax etc)
  2. Lower tax rates.
  3. Large network of taxpayers
  4. Very less chance for tax evasions.

As the GST Returns cannot be revised it is advisable to consult a expert and file your returns in time and with accuracy.Even if you pay a bit extra to the tax advisers it is a good decision against paying huge penalties and interest.

GST RETURN FILLING

  • Regular Filling of GSTR 3B,1,2,3
  • Guidance in making online payments
  • Fully Digital & Paperless Service
  • Lifetime Digital Storage Account for sale & purchase bills
  • Timely due date notification & followup

Rs. 1500/-p.m onwards