GST return filing is compulsory for all the entities having GST registration, irrespective of the activities of the business, sale, or profit during the return filing period. Every GST registered organization needs to file GSTR 3B monthly, GSTR 1 either monthly or quarterly within the due date to avoid late filing fees and interests.
Composition taxpayers are supposed to do it quarterly. Annual GST return (GSTR 9) must be filed by all GST entities having GST registration irrespective of their turnover. If an entity fails to file the GST returns, heavy penalties may be charged and if not filed for 6 months continuously then GST registration will be cancelled and they will not obtain it until all dues are cleared.
In order to claim credit of GST paid on purchase or expenses, filing GST returns becomes mandatory.
Hefty amounts would be charged for non-filing of GST returns.
In order to claim credit of GST paid on purchase or expenses, filing GST returns becomes mandatory.
Bank loans like working capital loans require sales and purchase details, which can be easily verified with filed GST returns.
If a refund from the GST department is due, you can claim it by filing the returns.
You need to provide details of sale, purchase and expense invoices in the simplified format
Our dedicated and expert team will compute the GST liability for you and help you to pay the tax due to the government.
We shall send the draft computation for your review.
Your
return is filed.
We offer consulting, advisory, secretarial, governance, compliance, and representation services to companies in India and abroad.
