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GST Return Filing With Ebizfiling
Introduction
In India, the entire process of filing a GST return is done online. GST return filing is a quick and simple process. However, to ensure that the GST credit can move on to the next phase, returns must be filed accurately and without making any errors. To get started, all you need is to log in to the GST website with login credentials. Once your GST registration has been completed, filing your GST returnis mandatory. Non-filing of GST returns may lead to severe penalties. You need not worry about filing GST returns, the experts at Ebizfiling will help you file GST returnwithin the prescribed time for each return and will help you avoid the serve penalties.
The basic scheme of GST Return Filing in India
There are three major GST return a company has to file which are:
1.One is the annual return i.e., GSTR 9, small taxpayers are excluded from it.
2.Other is GSTR 1 and GSTR 3B. We can submit them either monthly or quarterly. Large taxpayers will only be required to file monthly returns. The option of submitting quarterly is only available to small taxpayers. A taxpayer with a turnover of less than Rs.5 crores is considered a small taxpayer for this reason. A statement of turnover and various outward supplies made during the period is enclosed in GSTR 1. On the other hand, GSTR 3B is a consolidated return. It gathers information about sales and ITC. This return also includes a calculation for the total tax due.
Types of GST return
A.GSTR 1 is the record of all sales. Under this form, the suppliers will have to report their outward supplies during the reporting month. According to the norm, all the registered taxable persons are required to file the same by the 10th of the following month or quarter.
B.GSTR-3B is a monthly self-declaration, which should be filed by every registered person under GST. It is a simplified summary return of inward and outward supplies Due date of filing GSTR 3B is the 20th of the subsequent month. GSTR 3B once filed cannot be revised.
C.GSTR-4 is a Return that has to be filed by a Composition Dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish 1 return which is GSTR-4 on or before the 18th of the aftertaste to each quarter.
D.All taxpayers registered under GST are required to file their annual return in a particular form. That form is called GSTR 9. The due date for filing GSTR 9 is 31st December every year. It is a consolidation of all the monthly/quarterly returns filed in that year.
E.Return GSTR 9A is an annual return to be filed by dealers who have opted for composition scheme. It includes all the information furnished in the quarterly returns filed by the composition taxpayers during that financial year. It is to be filed on or before 31st December every year.
F.GSTR 9C is a statement of reconciliation between the Annual returns filed in GSTR 9 for a financial year and the figures as per the audited annual financial Statements of the taxpayer. The GSTR-9C must be filed on or before 31st December of the subsequent year.
Process of filing GST return at Ebizfiling
Our experts at Ebizfiling will file your GST return with some simple steps which are as follows:
A Compliance Manager will get in touch with you to remind you about your due date of GST return filingand obtain your documents along with a simple checklist.
You need to fill up that checklist and submit it along with your documents for processing.
Our expert team will verify the documents and proceed with return preparation.
All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of the filing of the GST Return.
We will get your return reviewed from you before filing. Once you approve it, we will file your GST returns online.
Upon successful filing, we will send a confirmation email along with the acknowledgment receipt to your registered email ID.
EbizFiling is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad.Filing GST Returns onlineis easy, seamless, cheapest, and quickest with EbizFiling.com! Apart from online return filing under GST services, Ebizfiling.com also helps you to file Income Tax Returns, TDS Returns, PF Returns, and ESI Returns easily.
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