Filing GST Returns Online in Puducherry

All entities registered under GST are required to submit GST return filing in Puducherry , irrespective of their business activity, GST rates or profitability.
This helps tax transparency and make sure that the company adheres to the national regulations. In most cases the returns are filed online before the GST deadlines. Usually on a monthly or quarterly basis, depending on the taxpayer's category.
In general businesses submit GSTR-1, GSTR-2, and GSTR-3 monthly. The GSTR-9 is an annual requirement. If the taxpayer is under the composition scheme then CMP-08 is filed quarterly and GSTR-4 is filed annually.
Late filing incurs penalties of ₹100 per day under CGST and SGST, coupled with an 18% interest charge on unpaid taxes. Non-filing attracts additional penalties. Chartered Accountants provide expert guidance to ensure seamless compliance.

GST Return filing in Puducherry

A GST return is a document that businesses and individuals are required to file with the government to report the sales and purchases made during a specific period. It is a crucial aspect of Goods and Services Tax (GST) compliance, as it provides an overview of the taxpayer's financial transactions. The GST return provides a breakdown of the GST charged and collected on sales, input tax credit claimed, and the net GST liability to be paid or refunded to the taxpayer. In Puducherry, the frequency of filing GST returns and the type of return to be filed depend on the type of taxpayer and their turnover.

Documents Required for Filing GST Returns in Puducherry

• GSTIN
• Aadhar card
• B2B and B2C invoices
• Invoice date
• GST rate
• Taxable values
• Credit notes issued
• Debit notes issued
• HSN summary of goods sold
• Amount of IGST, CGST, SGST, GST cess applicable.

Benefits for GST Returns Filing in Puducherry

Legal Compliance

Businesses operating in Puducherry must file GST returns, and failure to do so can result in fines and legal action

Input Tax Credit

Businesses can claim input tax credit on their purchases through GST returns, lowering their tax bill and boosting their profitability

Improved Business Credibility

Regularly submitting GST returns displays a company's dedication to compliance and enhances its reputation with customers, suppliers, and lenders

Better Cash Flow

Businesses can prevent their cash flow from being harmed by inaccurate tax assessments or late payment penalties by appropriately reporting sales and taxes.

Who Is Required to File the GST Returns in Puducherry?

• In Puducherry, businesses registered under the Goods and Service Tax (GST) are required to file GST returns
• This includes both regular GST registrants and those registered under the composition scheme
• The frequency of filing returns varies based on the annual turnover of the business and the type of registration (regular or composition)
• Businesses with an annual turnover of up to ₹1.5 crore are required to file GST returns on a quarterly basis, while those with a higher turnover must file on a monthly basis
• The GST returns must be filed electronically through the GST portal.

How to File GST Returns in Puducherry?

Vakilsearch conducts the entire Puducherry GST return filing process online following the steps given below:

Step 1: Consult our experts

An experienced GST advisor is assigned to assist you at every step of the way

Step 2: Preparing the GST returns

Our GST professionals will get in touch with you and collect all the relevant data. We will prepare the documents required for GST return

Step 3: Filing GST returns

Our in-house CA will file it in the GST portal within 24 hours. We will make sure that the returns are filed on time.

GST Return Filing in Puducherry Under the Composition Scheme

• Quarterly return CMP-08 must be submitted by the 18th of the month after the quarter
• GSTR-4: Annual return submitted by April 30 of the subsequent fiscal year
• CMP-08: The eighteenth of the month that follows the quarter; for example, the April–June quarter's due date is July 18
• GSTR-4: April 30, of the subsequent fiscal year.

Late filing of GST Returns in Puducherry

Form GSTR-1 (monthly return for supplies made): The late fee is ₹200 per day for every missing return. The maximum late fee is ₹5,000 |Form GSTR-3B (monthly summary return): The late fee is ₹50 per day for every missing return. The maximum late fee is ₹5,000 |Form GSTR-2 (monthly return for purchases made): No late fee is levied for missing GSTR-2 returns |Form GSTR-3 (monthly return): The late fee is ₹200 per day for every missing return. The maximum late fee is ₹5,000.

GST Return Forms for Puducherry

Note: The Government may occasionally extend the deadlines for filing GST returns.

Why Choose Vakilsearch to File the GST Returns in Puducherry?

Choose Vakilsearch as your knowledgeable guide and avoid non compliance. Get full support for GST registration and filling from top GST consultants in Puducherry . Businesses and individuals can gain a range of advantages from filing GST filings in Puducherry. You may assure compliance with tax regulations and avert penalties by timely filing GST returns. Our team stays up-to-date with GST return filing. We can complete the GST return filing in a much simpler and more convenient way as described below.

A Dedicated GST Advisor

As you register for GST and file your GST returns, a relationship manager with expertise in the sector you work in will be there to help.

Submit GST Returns

Our team will make sure that you get notices on time before the cutoff. We will regularly remind you so that you won't miss out on the deadline.

Get Monthly GST Status Reports

The GST advisors would provide clients with monthly updates outlining the status of GST return filing, including GSTR-3B, and subsequent actions.