GST Return Filing Services

GST Return Filing Services-GST return is a crucial compliance mechanism under the Goods and Services Tax (GST) regime. It serves as a tool for businesses to report their sales, purchases, tax collected, and tax paid to the government. Filing GST returns ensures transparency and accountability in the taxation system, enabling tax authorities to track the flow of goods and services and detect tax evasion. It also facilitates businesses in claiming input tax credits, thereby reducing their overall tax liability. Timely and accurate filing of GST returns is essential to avoid penalties, interest charges, and disruptions in business operations. Moreover, regular return filing enhances a business’s credibility and helps maintain a seamless supply chain by ensuring compliance with GST regulations.

We, Jitesh Telisara & Associates LLP, a firm of chartered accountants in Pune & GST Consultant for Filing of GST Returns, can help you not only with the filing of your GST returns but also with the accurate reporting of all your reportable transactions.

Providing efficient solutions to meet business requirements while eliminating time-consuming processes, our Chartered Accountant firm and GST consultancy in Pune offer a comprehensive range of services, including:

• Analyzing client data to ensure accurate disclosures.
• Reviewing draft GST returns for compliance and correctness.
• Assessing tax paid on inputs and capital goods to determine input tax credit eligibility.
• Evaluating and calculating GST liabilities.
• Verifying the applicability of the reverse charge mechanism (RCM) and tax payments under RCM.
• Assisting with GST payments and return filing to ensure seamless compliance.
• Our expertise ensures that businesses adhere to GST regulations while optimizing tax efficiency.

A GST return is a document that contains details of sales, purchase records, tax payments on purchases and sales, and other necessary financial information. Taxpayers are required to file GST returns periodically and remit the applicable taxes to the government in compliance with GST regulations. The filing frequency—monthly, quarterly, or annually—depends on the nature and turnover of the business.

1. GSTR-1
   GSTR-1 is used to report outward supplies, including details of invoices, debit notes, credit notes, and any revised invoices related to sales. It is filed electronically, as there is no provision for manual submission.
   Filing Deadlines:
   • Businesses with an annual turnover exceeding Rs. 5 crore or those not opting for the QRMP scheme must file GSTR-1 monthly by the 11th.
   • Businesses under the QRMP scheme must file GSTR-1 quarterly.
   • The details in GSTR-1 are electronically available to buyers for reconciliation with GSTR-3B and GSTR-9.
2. GSTR-2B
   GSTR-2B is a static, auto-generated summary of a taxpayer’s purchases for a tax period. It assists in reconciling tax liability with the ITC. GSTR-2B is generated monthly, with a cut-off date on the 14th of the following month.
3. GSTR-3B
   GSTR-3B is a self-declared summary return that reports tax liability for a given period. All taxpayers must file GSTR-3B, regardless of whether they had transactions.
   Filing Deadlines:
   • Businesses with an annual turnover exceeding Rs. 5 crore or those not under the QRMP scheme must file it monthly by the 20th.
   • QRMP scheme taxpayers must file quarterly by the 22nd (Category X states) or 24th (Category Y states).
4. GSTR-4
   GSTR-4 is filed annually by taxpayers registered under the GST Composition Scheme, which allows small businesses to pay tax at a fixed rate instead of standard GST rates. The due date is generally the 30th of the month following the tax period.
5. GSTR-5
   GSTR-5 is filed by non-resident foreign taxpayers operating in India. The due date for filing is the 20th of the month following the tax period.
6. GSTR-6
   GSTR-6 is filed by Input Service Distributors (ISDs) who distribute input tax credits to recipients. The due date is the 13th of the month following the tax period.
7. GSTR-7
   GSTR-7 is filed by entities required to deduct tax at source (TDS), such as government agencies. The due date for filing is the 10th of the following month.
8. GSTR-8
   GSTR-8 is submitted by e-commerce operators who facilitate supply transactions on behalf of registered taxpayers. The filing deadline is the 10th of the following month.
9. GSTR-9
   GSTR-9 is an annual return summarizing a taxpayer’s GST transactions for the financial year.
   Filing Deadline:
   • December 31 of the year following the financial year.
     
10. GSTR-9C
    GSTR-9C is a reconciliation statement filed by taxpayers who undergo GST audits. It compares tax liability declared in GSTR-9 with audited financial statements.
    Filing Deadline:
    • December 31 of the year following the financial year.
11. GSTR-10
    GSTR-10 is a final return filed by taxpayers whose GST registration has been canceled. The due date for filing is within three months of cancellation.
    Steps to File GST Returns
    At Jitesh Telisara & Associates LLP, we are dedicated to offering top-notch GST return consultancy and GST return filing services, ensuring a smooth and hassle-free online filing experience for our clients across India. 
    1. Log into the GST portal using your credentials.
    2. Navigate to the “Returns” section and select the applicable tax period and form (e.g., GSTR-1, GSTR-3B, etc.).
    3. Enter details of taxable supplies, tax rates, and tax liability.
    4. Declare any input tax credit you wish to claim.
    5. Pay the applicable taxes, fees, or interest before the due date.
    6. Preview and submit the return.
    7. Use Aadhaar OTP or Digital Signature Certificate (DSC) for authentication.

Filing GST returns timely helps businesses maintain compliance, avoid penalties, and streamline tax management.