When you have a registered your business, it becomes mandatory for you to file a monthly/quarterly and a yearly GST (Goods and Service Tax) return. Your GST return will be based on the type of business you have. The government has simplified the process to file the GST returns on theGST...
After obtaining the GST registration successfully, the taxpayer will get a GST registration certificate in Form GST REG-06 and a valid GST Identification Number. One will be eligible to avail input tax credit, raise GST-compliant invoices and can file GST returns monthly or quarterly. ...
Monthly GST Return 1499 Plus taxes A Single GST Return filing carrying transactions up to 50 during the relevant period. Signup login Annual Package 7500 Plus taxes GST Returns filing for the complete financial year. Plus GST Invoice Software ...
GST Return Forms for Regular Business GSTR-1 IGSTR-1is a monthly or quarterly return filed by every registered dealer in order to show the details of their outward supplies i.e. sales. There are total 13 sections inGSTR-1. GSTR-2 ...
Return Turnover Filing frequency Tax Period Late fees Interest GSTR 3B Up to 5 Cr Quarterly Mar – 21 Waived for 30 days Interest waived for 15 days and 9% from 16th to 30th day GSTR 3B Monthly Mar – 21 & Apr – 21 GSTR 3B Above 5 Cr. Monthly Mar – 21 & Apr – 21 Waived...
A GST registered business has to file the GST returns either on a monthly basis or quarterly basis based on their business turnover and GST registration type (Regular or Composition). Filing dates for regular GST registered businesses The GST return filing dates for GST registered businesses differ...
Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file their return in Form GSTR-3B / statement in CMP-08, for consecutive two tax periods or more, whether Monthly or Quarterly...
Cost and responsibilities of GST submission, including filing tax return monthly or quarterly Significant purchases from suppliers who are GST-registered. The ability to claim input tax will improve profitability. GST-registered customers will prefer the business to be GST-registered in order for the ...
Form GSTR 1 is a monthly/quarterly GST return that has to be mandatorily filed by every registered person. However, due to COVID-19 crises, many businesses have been on hold with no business transactions since past few months. Hence, to ease the compliance process, Central Board of ...
All taxpayers having GST registration are required to file GSTR-1 return either monthly or quarterly, as the case may be irrespective of business turnover or profitability during that period. The GSTR-1 return contains details of all outward supplies made during the tax period. In ca...