GST Returns
File various GST Returns with ease with the support of our GST Experts at your convenience and they will guide you through the process and file your returns in time bound manner and they will also help you in maintaining your proper books of accounts.
Fill up the required details and get the process started.
A return is a document containing details of Supply which the taxpayer has made or received as the case may be and is required to file the details of supply made/received with the Government authority. All the entities registered under GST Regime have to file GST Returns every month/quarterly/annually. GST Return filing is mandatory for every GST Registered Entity irrespective of business activity.
Who should file GST Return?
Every month GST registered entities are required to file one or more GST Return/s providing details of sales and purchases made in a month to the Government.
All the entities having GST Registration has to file annual GST Return.
Is there any Penalty if you missed the due date of GST Return Filing ?
Yes, Failure to furnish GST Return/s on time can lead to penalty and if the GST Returns are not filed for six consecutive months then the GST Registration will be cancelled and the person would not be able to apply for Revocation of Cancellation of GST Registration until he/she furnishes all the pending returns and clear dues.
The penalty depends on the turnover. If an entity has no business, he must file NIL Return and in case of failure to furnish the NIL GST Return on time then it can lead to imposition of penalty.
Similarly, In case of business activity, a person who fails to furnish GST Returns on time would not be able to furnish subsequent returns and will be subjected to imposition of penalty.
A person will also have to pay interest at the rate of 18% on GST payment remitted late to the Government.
Composition Scheme Return Filing
All persons registered under the Composition Scheme are required to file FORM GSTR-4A quarterly. GST return for Composition Scheme is due on the 18th of the month, following a quarter. Hence, GST return for composition scheme would be due on 18th April, 18th July, 18th October and 18th January.
Any taxpayer opted for composition scheme will not be eligible to avail the Input Tax Credit on receipts of Supply
We at Investax India assure timely,flawless and accurate GST Return filing services so that our clients can completely and uninterruptedly focus on their business and leave compliance worries on us!!