Want to file GST-1 returns and get your business GST compliant? This comprehensive plan covers both! Opt now and get your business GST ready
A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that includes:
In the GST regime, any regular business has to file three monthly returns and one annual return. This amounts to 37 returns in a year. The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR 2 & 3 will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
There are three types of GST Returns to be filed every month and an annual return for registered businesses as below:
Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs. In this package, we will help you claim input tax credit if you have tax invoice from registered dealers. To learn more, read here.
A tax invoice is generally issued to charge the tax and pass on the input tax credit. A GST compliant tax invoice is a bill which will have 16 mandatory information some of which are:
Under this plan, we expect you to provide a summary of invoices (purchase & sale) covering all this information to help us file your GST returns.
GSTR 3B is a simple return that businesses need to file in the first two months of GST (July and August, 2017). The government has postponed the filing of GSTR 1, 2 & 3 for July and August, 2017 in order to give businesses some time to adjust to GST.
Filing schedule for GSTR Forms:
If you are registered under GST, then you need to file GST returns. By filing GST returns, you will be able to claim Input tax credit.
Presently, the government is yet to define GST filing guidelines for e-commerce operators. Till such time, you will be required to file GST returns like others. We will cover the same under this package.
You need to file GST returns for every GSTIN. So for one GSTIN, you need to file 3 returns every month and one annual return. Under this plan, we will file GST returns for one GSTIN only. You will need to purchase additional packages for multiple GSTIN.
The processing time for a refund application has been kept as sixty days under GST model law but it could be as early as two weeks. Our experts will assist you with claiming the refund.
Audit under GST is the examination of records maintained by the taxable person to verify the correctness of information declared, taxes paid and to assess the compliance with the provisions of GST. Audit can be done by the taxpayer himself or by the tax authorities. Every registered taxable person turnover during a financial year exceeds the prescribed limit [as per the draft rules turnover limit is above Rs 1 crore] must get his accounts audited by a Expertor a CMA.For more details, read here.
Our Expertexperts will guide you on tax audit. Note that our plan does not cover audit services. These are separately charged by the CA.
B2B invoices are invoices of taxable supplies made to registered taxpayers is considered as B2B.
B2CL are invoices for taxable outward supplies made to unregistered taxpayers where: