What is GST Return Filing

October 31, 2018 | Author: | Posted in Tax

If you are a Tax Payer and Filing your Return, this article will help you. We are Online GST Return Filing Service Provider in Delhi, Gurgaon, Faridabad, Noida, Greator Noida and all over India. We will discuss about GST Return Online process. Our work process is completely online. So associate with us and get GST Return Filing Onine.

What is GST Return Filing?

A return is a document containing all details of Business Transaction which a taxpayer is required to file with the Government tax administrative authorities which is used by tax establishment to calculate tax liability.

What is GST Return Filing

In GST, a registered person has to file GST returns with below details:

  • Invoice Of Purchases
  • Invoice Of Sales
  • Output GST
  • Input tax credit

Who should file GST Returns?

  • In the GST administration, a regular businessman has to file two monthly returns and one annual return.
  • Businessman registered under Composition Scheme need to file Quarterly Return.

What are the types of GST Returns?

There are many types of Return which make confuse you to understand initially but as soon as you start doing work, you will come to know the roll of the Return. Please find the Name of GST Return, GSTR 1, GSTR 2. GSTR 3B, GSTR 9, GSTR 4, GSTR 9A.

Due Dates to file GST Returns

Due Dates for filing GST Returns can be extended by Orders or Notifications by the Government. So you or your Tax Consultant needs to be aware about the due dates. If you miss to file Return on or before due date, you will have pay penalty so you are advised to file your GST Return on or before due Date to avoid penalty.

Late Fees for not Filing Return on Time

If GST Returns are not filed on time, you will be asked to pay late fee. Late fees is 20 Rupees per day in case of NIL transaction and 50 Rupees per day for Taxable transaction. Initially Businessmen think that if they are not doing business, they are not to file Return but this is wrong. You need to file GST Return as per your GST Scheme whether it is NIL or Taxable. It has been observed that people ignore filing GST Return just because of their busy schedule or unawareness which leads them heavy penalty which needs to be paid to Government. Penalty is not adjusted from Input Tax Credit so do not confuse.

About Sk Tax Law Firm

If you are looking for GST Return Filing Services in India, Please contact SK Law Firm for GST Online Return Filing. GST Return is the essential part of GST, without this GST proceeding is not considered complete. File your GST Return Online in Delhi, Ghaziabad, Gurgaon, Faridabad, Noida, Greater Noida, and all over India. If you are looking for GST Return Filing Services In India, SK Law Firm is the best place to file your GST Return Online. SK Law Firm is a Online GST Service provider like GST Registration, GST Return Filing Online, etc.

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Please contact SK Law Firm for GST Online Return Filing. GST Return is the essential part of GST, without this GST proceeding is not considered complete. File your GST Return Online in Delhi, Ghaziabad, Gurgaon, Faridabad, Noida, Greater Noida, and all over India. If you are looking for GST Return Filing Services In India, SK Law Firm is the best place to file your GST Return Online.

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