GST Returns

Easily file all three monthly returns plus the annual return at the lowest price in India.

  • Information Collection

    Our agents will set up a seamless process for data collection.

  • Return Preparation

    Your return will be prepared as required

  • Return Filing

    Before you know it, your return will be ready for filing.

What is a GST Return?


A GST Return is a document that is required to be filed as per the law with the tax authorities. Under the GST law, a taxpayer has to submit three returns on a monthly basis and one such return annually. All returns have to be filed online. Please note that there is no provision for revising the returns. All invoices of the previous tax period that went unreported must be included in the current month.

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Schedule for Return Filing


GSTR-1

Contains details of the outward supplies; has to be filed by 10th of every month.

GSTR-2

Contains details of inward supplies; due by the 15th of each month;

GSTR-3

This is the monthly return and is due by the 20th of every month.

In addition to the monthly and quarterly returns, there is an annual return that needs to be filed by December 31. A requisite GST reconciliation statement has to be duly filed by the appointed chartered accountant.

GST Returns Process


RETURNS PREPARATION

We will collect all the necessary information and documents to prepare your returns. Once done the first time, our affiliate will then ensure that you are always reminded of the filing date so you don't end up paying penalties.

RETURNS FILING

We will give you the opportunity to review the filing. One you approve it, we will file the returns online. Upon successful completion of the process, we will mail the acknowledgment form to your registered email address.

FAQs on Goods & Service Tax Registration


Yes, you can apply for GST Registration online. You can simply register your business on the official GST portal and then scan and upload all the required documents. You will then receive an acknowledgement. A GSTIN will be generated on acceptance of the application and a temporary password and login will be sent. GSTIN is a unique 15-digit ID.
The exemption limit is a supply turnover of Rs. 20 lakh for businesses in all but the Indian states in the northeast region. Businesses in Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Tripura must get a GST registration if their supply turnover exceeds Rs. 10 lakh. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.
The composition scheme would be applicable to businesses with a turnover of up to Rs. 50 lakh. Such taxpayers would pay a fixed percentage of its turnover and cannot avail of the benefits of input tax credit. Such businesses cannot collect tax from its customers. The floor rate of tax cannot be less than 1%.
Yes, GST applies to all service providers, manufacturers and traders. It extends to any dealers, bloggers, and writers, earnings from Google AdWords through PayPal, import-export businesses, all kinds of startups and companies, whether they are LLPs, proprietorships, partnerships or private limited companies. It also applies, regardless of the threshold limit, to:
1. Businesses operating outside their home state
2. A business not registered to the state
3. Businesses paying a reverse charge
4. Input service distributor
5. E-commerce operators
6. Aggregators selling services under own brand name (Ola, for example)
7. Online sellers
8. Suppliers or agents

Why Vakilsearch


10 Working Days

Just send in all your documents and we'll start processing your application. We will also begin advising you on the best way to transition your business to the GST era.

9.1 Customer Score

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

160 Strong Team

Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.