GST Filing Chennai
GST Consultants Chennai
Goods and Services Tax (GST) Came into existence from 1st July 2017 that led to one of India’s Ultimate tax reforms of all time. Under this GST regime, GST return filing is mandatory for all entities having GST registration every month irrespective of business activity or sales or profitability during the return filing period. Hence, even an inactive business that obtained GST registration must file at least Nil GST return.
GST return is a Summary of all Sales details, Output tax liability and Input tax credit available. Filing these GST Returns requires tax liability payments to the government by the taxpayers.
There are many returns under GST which a taxpayer has to file with the GSTIN, we assist you with the filing of the GST return accurately and always on time.
Late Fees for not Filing GST Return on Time
If GST Returns are not filed within time, you will be liable to pay interest and a late fee. Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing to the date of payment. Late fees are Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. Maximum is Rs. 5,000. There is no late fee on IGST.
Types of Return under GST
| Nature of Return | Who has to file | Nature of Return in Detail | Tax Period | Due Date |
|---|---|---|---|---|
| GSTR1 | All Normal Taxpayers | Aggregate Turnover upto 1.5 Crores (if opted) | Quarterly | End of the month succeeding the quarter. |
| GSTR1 | All Normal Taxpayers | Aggregate Turnover more than 1.5 Crores | Monthly | 11th* of the next month with effect from October 2018 until September 2020. *Previously, the due date was 10th of the next month. |
| GSTR3B | All Taxpayers | Simple return in which summary of outward supplies along with input tax credit is declared and payment of tax is affected by the taxpayer. | Monthly | For the taxpayers with aggregate turnover equal to or below Rs 5 crore, 22nd of next month for taxpayers in Group A states/UTs and 24th of next month for taxpayers in Group B states/UTs |
| CMP-08 (Payment) - Quarterly | Composition Scheme Tax Payers | Statement-cum-challan to make a tax payment by a taxpayer registered under the composition scheme whose aggregate Turnover upto 1.5 Crores | Quarterly | 18th of the month succeeding the quarter. |
| GSTR 4 (Annual Return) | Composition Scheme Tax Payers | Aggregate Turnover upto 1.5 Crores | Annually | 30th of the month succeeding a financial year. |
| GSTR5 | Non-Resident Foreign Taxpayers | Don't have a business establishment in India | Monthly | 20th of the next month. |
| GSTR5 | Non-Resident Foreign Taxpayers | Came for short period of time to make supplies. | Monthly | 20th of the next month. |
| GSTR5 | Non-Resident Foreign Taxpayers | The registration is of a temporary nature | Monthly | 20th of the next month. |
| GSTR5 | Non-Resident Foreign Taxpayers | Make taxable supplies only after the issuance of the certificate of registration. | Monthly | 20th of the next month. |
| GSTR5A | Non-Resident Foreign Taxpayers (OIDAR Service provider) | Online Information and Database Access or Retrieval (OIDAR) | Monthly | 20th of the next month. |
| GSTR5A | Non-Resident Foreign Taxpayers (OIDAR Service provider) | Cannot claim any ITC | Monthly | 20th of the next month. |
| GSTR5A | Non-Resident Foreign Taxpayers (OIDAR Service provider) | Filing GSTR-5A is mandatory even if no business transaction | Monthly | 20th of the next month. |
| GSTR5A | Non-Resident Foreign Taxpayers (OIDAR Service provider) | Can file only after making full payment | Monthly | 20th of the next month. |
| GSTR6 | An Input Service Distributor | Return for an input service distributor to distribute the eligible input tax credit to its branches. Filing GSTR-6 is mandatory even if no business transaction | Monthly | 13th of the next month. |
| GSTR7 | All taxable persons deduct TDS (Tax Deducted at Source) | Any Person, Category of Person recommended by GST Council, Local Authority, Government Agencies, Authority, Board, Society, PSU, Department, Establishment of State or Central Government can deduct TDS | Monthly | 10th of the next month. |
| GSTR7 | All taxable persons deduct TDS (Tax Deducted at Source) | 2% TDS is deducted when invoice value exceeds Rs. 2.5 Lakhs excluding GST | Monthly | 10th of the next month. |
| GSTR7 | All taxable persons deduct TDS (Tax Deducted at Source) | Certificate for TDS deducted shall be made available in Form GSTR-7A to the deductee | Monthly | 10th of the next month. |
| GSTR8 | All e-commerce operators who are required to deduct TCS (Tax Collected at Source) | Any person who owns or manages a digital or electronic facility or platform for carrying out electronic commerce. | Monthly | 10th of the next month. |
| GSTR8 | All e-commerce operators who are required to deduct TCS (Tax Collected at Source) | Rate of TCS is notified as 1% of net taxable supplies | Monthly | 10th of the next month. |
| GSTR8 | All e-commerce operators who are required to deduct TCS (Tax Collected at Source) | Aggregate Turnover more than 20 lakh rupees (10 lakhs in NE India) | Monthly | 10th of the next month. |
| GSTR9 | All taxpayers registered filing GSTR1 & GSTR3B | *Consolidation of all Monthly or Quarterly Returns *Optional for FY 2017-18 and FY 2018-19 where Aggregate Turnover less than 2 Crores | Annually | 31st December of next financial year. |
| GSTR9A Annual Return | Composition Scheme Taxpayers | Annual return to be filed by a taxpayer registered under the composition levy anytime during the year. | Annually | 31st December of next financial year. Filing Annual Return for FY 2017-2018 & 2018-2019 are waived off |
| GSTR9C Audit Form | Certified reconciliation statement for all taxpayers | * Aggregate Turnover exceeds Rs.5 crores * Liable to get their annual reports audited. | Annually | 31st December of next financial year. |
| GSTR-10 | Taxpayer whose GST registration is cancelled. | Final return to be filed by a taxpayer whose GST registration is cancelled. | Once, when GST registration is cancelled or surrendered. | Within three months of the date of cancellation or date of cancellation order, whichever is later. |
| GSTR-11 | Foreign diplomatic missions and embassies Having UIN | Return to be filed by the persons who have been issued a Unique Identity Number and claims a refund of the taxes paid on their inward supplies. | Monthly | 28th of the month following the month for which statement is filed. |
LIST OF DOCUMENTS REQUIRED FOR GST RETURN FILING
Details of Expenditure/Purchase attracting GST
- Total Intrastate & Interstate Purchase
- Total imports
- Sales Returns
- Other Purchases
- Other Expenses
Details of Income/Sales attracting GST
- Total Intrastate & Interstate sales
- Total Exports
- Purchase Returns
- Other Supplies on which no GST is Paid
- Other Income
Other Amount
- Arrears (Audit / Assessment) etc
- Refunds
General details
- Your GST Number
- Your Login Credential for GST Portal
- DSC of Registered Person (if available)
- Your Bank Account Details
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Our Service Plans – GST Return Filing
GST Nil Return Filing @ Rs. 350 + GST
- Silver Plan
- ₹750 + GST
- *Service Charges Per Month
Up to 100 Sales & Purchase VouchersSuitable for New Startup1 GSTN – Individuals, Freelancers, ConsultantsFor Traders – Turnover up to 40 LakhsFor Service Providers – Turnover up to 20 LakhsMonthly Advance PaymentUnlimited InvoiceGSTR1 & GSTR3B
- Book Now
- Gold Plan
- ₹1,000 + GST
- *Service Charges Per Month
Up to 200 Sales & Purchase VouchersSuitable for Medium Enterprises1 GSTN – Retail, Trading CompaniesFor Traders – Turnover up to 1.5 CroreMonthly Advance PaymentUnlimited InvoiceGSTR1 & GSTR3B
- Book Now
- Platinum Plan
- ₹1,500 + GST
- *Service Charges Per Month
Up to 500 Sales & Purchase VouchersSuitable for Large Enterprises1 GSTN – Wholesale, Manufacturing CompaniesFor Traders – Turnover up to 5 CroreMonthly Advance PaymentUnlimited InvoiceGSTR1 & GSTR3B
- Book Now
PROVEN ACCURACY & CONSISTENCY
Returns will be filed after cross-checking your books of accounts twice, taking calls with the owner for confirmation. Hence accuracy is maintained.
EXCLUSIVE GST DOMAIN KNOWLEDGE
Having frequent updates in GST laws and Acts. We train ourselves to get adequate knowledge updation in the domain to meet the client’s requirement.
STRONG FOCUS ON TECHNOLOGY
We use the latest tools & Technology to ease the return filing process in a faster manner with accuracy.
Reason to file GST Returns on Time
Get Rid of Penalty
As per GST law, you will be charged a penalty for delay / Non-filing of returns
Good Terms with Clients
On filing our Returns in time helps the clients to claim their Input Tax Credit
Easy to avail Bank Loan
Tax payers credibility is checked on the basis of GST Returns by the Bank
Escape from Cancellation
Non Filing of Return on time might lead to Certificate Cancellation
E Way Bill Generation
If GST returns not filed for 2 successive months, EWayBill Generation is not possible