Goods and Services Tax (GST) is a all-in-one tax levied on manufacture, trade and services across India. From 1^st July, 2017 GST has replaced indirect taxes like VAT, Service Tax, Excise etc.

Goods and Services Tax Identification Number (GSTIN) is a 15 digits number which is used to identify businesses registered under GST.

No, GST Return filing is a fully online process as all Forms are required to be filed electronically. You would need to send us scanned copies of all the required documents. You can check GST Return filing status by visiting GST portal.

The full form of CGST– Central Goods and Service Tax | SGST– State Goods and Service Tax | IGST– Integrated Goods and Service Tax

CGST and IGST are levied by Central Govt. and SGST is levied by State Govt.
CGST and SGST are paid for Intra-State Supply and IGST is paid for inter-State supply.

Goods and Services are categorized into five categories of tax slabs for collection of tax- 0%, 5%, 12%, 18% and 28%.

On the recommendations of the GST Council, a new scheme of Quarterly Returns with Monthly Payments (QRMP) will be introduced from 1st January 2021.
Under this scheme, taxpayers with upto Rs. 5 Crores Aggregate Annual Turnover (AATO) in the previous and the current financial year would be given an option to file their Return/Statement in Form GSTR-1 and Form GSTR-3B Quarterly with a simple payment challan for the first two months of the quarter.

Every registered dealer, whether being a normal supplier or otherwise must file the return based on the transactions or activities involved in the business. Non-filing of the same may lead to default and may attract a penalty or additional fees.

Tax Payment or any penalty, fees, etc. are accepted through the following modes:
– Internet Banking
– NEFT or RTGS
This amount shall be credited to the electronic cash ledger of the registered dealer.

By filling the returns with the Government, the information and details will be intimated to the Government. Further, the data provided will measure the liability of the Tax-payer. Also, returns filing help you claim the eligible Input Credit. In addition to which the regular filing will count on higher rating in the GST Compliance Rating.

Any supply i.e. transaction such as the sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration, of taxable goods or services, needs to be considered as a taxable event under the GST Act.

All taxpayers filing a return in GSTR-1 to GSTR-3, other than ISD’s, casual/non-resident taxpayers, taxpayers under composition scheme, and TDS/TCS deductors, are required to file an annual return (GSTR-9) along with the monthly return.

In case of delay, the individual is needed to pay INR 100/day. Along with that, a fine has to be paid with an 18% per annum rate.

Business personnel would not be able to pay the taxes after filing the GST returns. Instead, the tax amount should be paid before the GST return filing procedure. Failing to do so, the return will be considered invalid by law.

Return once filed cannot be revised. However, you may give appropriate adjustments in subsequent returns. Get in touch with us to know more on this.

We adopt a very simple Return filing process. Once you submit us the required documents, we usually file a return within 1 working day.

If DSC does not work, you can always file a GST return using other methods which involve an OTP from your registered phone number, your PAN information, and a DSC.

Our qualified Legal Professional/ Experts will review the provided information. The experts will then direct the possible solutions in case of any discrepancy found in the data of outwards and inwards supply and proceed with GST Return filing process.