Effortless Filing for Accurate and Timely Returns
Ensure Compliance with Our Reliable Solutions for Efficiency Accuracy Compliance Growth |
RETURNS
GST Returns
GST Returns are periodic statements that businesses registered under GST are required to file, detailing their sales, purchases, and the taxes collected on sales (output tax) and paid on purchases (input tax). These returns are crucial to ensuring compliance with India’s Goods and Services Tax (GST) regulations and play a vital role in claiming input tax credits and determining the tax liability of the business.
Necessity of Filing GST Returns
1. Registered Businesses
Stay Compliant with India’s GST Laws
All businesses registered under GST, including manufacturers, service providers, e-commerce operators, and exporters, must file GST returns periodically, even if they have no transactions during a tax period.
2. Small and Medium Enterprises (SMEs)
Simplify Your GST Compliance
SMEs, whether selling goods or services, must file GSTR-1 and GSTR-3B to report sales and pay taxes. Proper compliance ensures that you stay clear of any legal complications.
3. E-Commerce Operators
Streamlined Compliance for E-Commerce Sellers
For businesses that sell through e-commerce platforms, timely filing of GST returns is crucial to maintaining operational efficiency and claiming input credits.
Our Process
1. Consultation and Filing Strategy: We evaluate your business type and turnover to determine which GST returns you need to file and how frequently (monthly or quarterly).
2. Documentation and Filing: Our team collects all relevant sales, purchase, and tax payment data to prepare your GST returns. We ensure that every detail is accurately reported and filed on time.
3. Ongoing Compliance Support: We provide ongoing support for filing your monthly, quarterly, or annual GST returns. We also offer services to amend any previous returns if needed.
Comprehensive Services for You
Startup
Registrations
Compliance
Financial Services
Secretarial Services
ESOP (Employee Stock Ownership Plan)
Expand Your Business
Marketing Services
Contact Us
Have questions? Ask us or find your answer here
The frequency depends on the type of business and turnover. Some businesses file returns monthly, while others file quarterly. Annual returns are also required for certain categories.
Late filing attracts a penalty of ₹50 per day (₹20 per day for nil returns), subject to a maximum of ₹5,000. Interest is also charged on outstanding tax amounts.
The most common GST forms include GSTR-1 (outward supplies), GSTR-3B (summary of returns), and GSTR-9 (annual return). Additional forms may apply based on business type.
Yes, amendments can be made in the subsequent month’s return. However, there are specific timelines and conditions for amendments.
Failure to file GST returns can result in penalties, interest on late payments, and the suspension of GST registration, which can disrupt business operations.
Yes, businesses must file nil returns if there are no sales or purchases during a tax period to maintain compliance.
You will need details of your sales and purchases, tax invoices, credit notes, and any payment of taxes made during the period.
GST refunds can be claimed if your input tax credit exceeds your output tax liability. Exporters and businesses dealing in zero-rated supplies can also apply for refunds through the GST portal.