GST Return Filing

GST return filing involves reporting details of outward and inward supplies, tax collected and paid, and claiming input tax credit. Businesses gather invoices, log into the GST portal, select the appropriate return form, and enter the required details accurately.

  • Completely Online Process
  • Transparent Pricing
  • Price Starts at ₹499/-
Get Started

Get Instant Quote Now

Easy Payment Options Available No Spam. No Sharing. 100% Confidentially

Process to File GST Return

We will collect all the necessary data and documents from you.​

Drafting of GST forms
according to your needs

File and Pay Tax

Overview of GST Return Filing

GST return filing involves reporting details of outward and inward supplies, tax collected and paid, and claiming input tax credit. Businesses gather invoices, log into the GST portal, select the appropriate return form, and enter the required details accurately. After verification, the return is submitted, and any tax liabilities are paid through available payment methods. Filing deadlines vary based on the type of return and turnover. Non-compliance may lead to penalties. Seeking assistance from a chartered accountant or GST practitioner ensures adherence to regulations and facilitates smooth filing processes, contributing to efficient tax compliance for businesses in India.

GST Return Filing Process

The government has been actively promoting innovation and automation, facilitating online GST return filing through the GST portal, managed by the Goods and Service Tax Network (GSTN).

Step 1: Visit www.gst.gov.in 

Step 2: Obtain a 15-digit GST Identification Number (GSTIN) based on your state code and PAN.

Step 3: Upload relevant invoices on the portal, receiving an invoice reference number for each.

Step 4: After uploading all invoices, inward and outward returns, and monthly GST filing returns, verify the data and proceed to file your returns.

Get Instant Quote Now

Easy Payment Options Available No Spam. No Sharing. 100% Confidentially

Documents Required

  • Invoices issued to persons with GSTIN or B2B invoices
  • This needs to be submitted only when its total value is above ₹2.5 lakhs
  • HSN-wise summary of all goods sold
  • Invoices issued to persons without GSTIN or B2C invoices
  • A consolidation of inter-state sales
  • Any other debit or credit notes or advance receipts

Benefits of GST Return Filing

Seamless flow of ITCC: The tax already paid by the supplier is deducted from the liability to pay taxes. If the tax paid and collected transaction is recorded through filing return by both the parties, the Input Tax Credit can be passed on to the buyer and not otherwise. The registered person cannot claim the input credit if the return is not filed on time.

Simple and common form for all taxes: Under the GST regime, three different types of taxes are collected – IGST, CGST & SGST. The information about all three taxes paid or collected is required to be recorded in a single form itself. The online filing system is simplified under this regime which and is further proposed to be more simplified through one form of filing for recording all transactions.

Score higher compliance rating: To monitor the compliance structure, the GST Network has introduced the mechanism of compliance rating. This is where all the registered persons are provided ratings based on their regularity of fulfilling the compliance and payment of taxes. The compliance ratings are publicly available on the website. The regular taxpayer is ranked with higher compliance ratings.

Avoid penalty and interest: For delay in filing return, the taxpayer is charged with a late fee of ₹ 50 for each day of a delay till the actual date of filing. To avoid such heavy penalties, the return must be filed without any delay. The taxpayers with no tax liability also have to file the returns to avoid the late fee of ₹ 20 for each day of delay. Interest at the rate of 18% p.a. is payable on the outstanding tax liability.

Trusted by most innovative companies

10,000+ Businesses trust Legal Efilings for their business registrations & compliances.
download
imresizer-1710239019088-removebg-preview
imresizer-1710239258201
logo-dark
Xpert_logo_blue_transparent

Loved by thousands of businesses

Check out our Google Reviews 
 
 
 
 
 
 
 
  
 
 
 
 Akhilesh Yadav 
 
 
 Akhilesh Yadav 
 
2024-06-01
 
 
  
Good Team work
  
 
  
 
 
 
 Annu Sharma 
 
 
 Annu Sharma 
 
2024-06-01
 
 
  
Remarkable at offering tailored solutions for private limited company registration, addressing our unique business needs
  
 
  
 
 
 
 SACHDEV VK 
 
 
 SACHDEV VK 
 
2024-05-30
 
 
  
Excellent service, in time with quality and commitment
  
 
  
 
 
 
 Singh 
 
 
 Singh 
 
2024-04-17
 
 
  
You tried your best at your level, I am very happy with your service and hope to continue getting your full support in the future.
Thanx…
  
 
  
 
 
 
 Ritesh Srivastava 
 
 
 Ritesh Srivastava 
 
2024-03-30
 
 
  
Good service and support
  
 
  
 
 
 
 CHANCHAL VERMA 
 
 
 CHANCHAL VERMA 
 
2024-03-30
 
 
  
Professional behaviour and mannered staff
  
 
  
 
 
 
 Deepak Singh 
 
 
 Deepak Singh 
 
2024-03-30
 
 
  
the team is very good they provide full information and the team members are very knowledgeable
  
 
  
 
 
 
 Akash Pal 
 
 
 Akash Pal 
 
2024-03-14
 
 
  
great
  
 
  
 
 
 
 
 
 
 Google rating score: 4.9 of 5, based on 152 reviews

Frequently Asked Questions

Who can file a GST return?
Any individual, business, or entity registered under GST is required to file GST returns. This includes regular taxpayers, composition scheme taxpayers, Input Service Distributors (ISD), Non-Resident Taxable Persons (NRTP), and others who are liable to pay GST.
What are the types of returns under GST?
There are various types of returns under GST, some of the common ones are:
a. GSTR-1: Monthly statement of outward supplies.
b. GSTR-3B: Monthly summary return to declare GST liability and pay taxes.
c. GSTR-4: Quarterly return for composition scheme taxpayers.
d. GSTR-9: Annual return providing a summary of transactions during the financial year.
What is the benefit of GST return?
GST returns serve as a mechanism to report the details of sales, purchases, and taxes paid. Filing GST returns ensures compliance with tax laws, facilitates claiming input tax credit, and enables the government to track taxable transactions, leading to a more transparent and efficient tax system.
GST returns serve as a mechanism to report the details of sales, purchases, and taxes paid. Filing GST returns ensures compliance with tax laws, facilitates claiming input tax credit, and enables the government to track taxable transactions, leading to a more transparent and efficient tax system.
 
What is the monthly return of GST?
GSTR-1 and GSTR-3B are the two primary monthly returns under GST. GSTR-1 is used to report outward supplies, while GSTR-3B is a summary return used to declare the tax liability and make payments.

It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.

 
 
Do you need a CA for GST filing?
Hiring a Chartered Accountant (CA) for GST filing is not mandatory, but it can be beneficial for businesses with complex transactions or those seeking professional guidance to ensure accurate and compliant GST filings.