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Expert GST Return Filing Services in Delhi | Fast & Reliable

  • Jul 29

File GST Return

Introduction to GST Return Filing Service

GST Rreturn filing service near you In India, organizations registered under GST must file returns based on their business operations—monthly, quarterly, or annually. This process can seem complex, but with Taxring expert GST professionals, it becomes straightforward. Adhering to deadlines is crucial, as these returns help the government assess tax obligations.

Simplify your GST return filing and stay compliant effortlessly with taxring  Utilize LEDGERS GST platform for real-time access to your financials from anywhere. Plus, LEDGERS integrates seamlessly with your existing apps for a smooth workflow.

Goods and Services Tax (GST) came into effect on July 1, 2017, and has since become a pivotal aspect of India’s taxation system. GST registration is mandatory for specified entities that meet certain criteria. Once registered, it is essential to file GST returns and adhere to compliance requirements.

GST returns are documents that every registered dealer must submit to the relevant tax authorities, detailing their transactions in a format prescribed by the government. These returns include important information such as total turnover, purchases, output tax collected on sales, and input tax paid on purchases under the Goods and Services Act.

Filing GST returns accurately and within the specified timeframe is crucial, as GST aims to eliminate the cascading effect of taxes. Proper submission allows tax authorities to reconcile transactions efficiently and ensures that registered dealers receive their GST credits in a timely manner.

Legal Window is here to assist you with the filing of GST returns for any type of supplier or entity. We offer streamlined support, timely delivery, and a commitment to customer satisfaction. For assistance, please contact our team at 011-41096343 or email us at contact@taxring.com.

What is a GST Return Filing?

A GST Return is a detailed financial statement required from all GST-registered individuals. It includes a comprehensive record of revenues, expenditures, and tax liabilities, allowing tax authorities to calculate net tax obligations accurately.

Key Components of a GST Return:
Purchases: Detailed account of all purchases made.
Sales:Comprehensive log of sales transactions.
Output GST (on Sales): GST collected from sales.
Input Tax Credit (GST on Purchases): GST paid on purchases, deductible from the GST on sales.

For streamlined GST return filing and expert support, Taxring  provides advanced GST software to simplify compliance and management.

How many returns are there under GST?

There are 13 GST returns: GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, GSTR-9, GSTR-10, GSTR-11, CMP-08, and ITC-04. Not all apply to every taxpayer; filing depends on registration type. Those with turnover exceeding Rs. 5 crore must submit self-certified reconciliation in GSTR-9C.

Additionally, taxpayers have input tax credit statements: dynamic GSTR-2A and static GSTR-2B. Small taxpayers under the QRMP scheme can use Invoice Furnishing Facility (IFF) for Business to Business (B2B) sales in the first two months, still paying taxes monthly via Form PMT-06. Explore the various GST returns, their applicability, and due dates below.

Who Should File a GST Return?

1. Regular Businesses:All businesses registered under GST must file returns regularly based on their transactions.
2. Composition Scheme Businesses:Entities under the Composition Scheme need to file quarterly returns.
3. E-commerce Operators: Businesses engaged in e-commerce must file returns related to their sales and tax collections.
4. Non-Resident Taxpayers: Non-residents with taxable supplies in India must file specific returns.
5. Input Service Distributors: Those distributing input tax credits need to file returns for their distributions.

Ensure compliance with GST regulations to avoid penalties and maintain smooth business operations.

Most commonly GST return filed by taxpayer in normal business.these are as follows:

Return Form

Description

Frequency

Due Date

GSTR-1

Details of outward supplies of taxable goods and/or services affected.

Monthly

11th of the next month.

Quarterly (If opted under the QRMP scheme)

13th of the month succeeding the quarter.

IFF (Optional by taxpayers under the QRMP scheme)

Details of B2B supplies of taxable goods and/or services affected.

Monthly (for the first two months of the quarter)

13th of the next month.

GSTR-3B

Summary return of outward supplies and input tax credit claimed, along with payment of tax by the taxpayer.

Monthly

20th of the next month.

Quarterly (For taxpayers under the QRMP scheme)

22nd or 24th of the month succeeding the quarter***

CMP-08

Statement-cum-challan to make a tax payment by a taxpayer registered under the composition scheme under Section 10 of the CGST Act.

Quarterly

18th of the month succeeding the quarter.

GSTR-8

Return to be filed by e-commerce operators containing details of supplies effected and the amount of tax collected at source by them.

Monthly

10th of the next month.

GSTR-9

Annual return by a regular taxpayer.

Annually

31st December of the next financial year.

File Your GST Return with Taxring expert

Let Taxring handle your GST filing with ease. Our expert accountants offer a fully online, end-to-end service for seamless compliance. From uploading sales and purchases to ensuring error-free returns, our process is hassle-free and efficient.

Choose from our tailored packages to meet your specific needs and simplify your GST filing with Taxring today!

Why Choose Taxring for GST Return Filing service ?

  1. Expert Guidance: Our experienced team provides personalized support to help you understand the complexities of GST return filing.

  2. Comprehensive Services: We offer a full suite of services, including registration, return filing, and advisory, making us your one-stop solution for all GST needs.

  3. Convenience: Located in Nirman Vihar, Delhi, near the metro station, our office is easily accessible for consultations.

  4. Affordable Pricing: We believe in providing quality services at competitive rates, ensuring you get the best value for your investment.

Documents Required for GST Return filings

 To file GST returns, businesses need the following documents:

  • Customer GSTIN
  • GST invoices
  • Place of supply details
  • B2B and B2C service invoices
  • Bill numbers
  • Credit or debit notes
  • HSN summary of goods sold
  • Applicable IGST, CGST, and SGST amounts
  • Relevant GST return forms

 Advantages of GST Return Filing with Taxring

1. Input Tax Credit (ITC): Easily claim ITC if suppliers file their returns correctly, reducing overall tax liability.

2. Avoid Penalties: Timely filing helps avoid late fees and penalties from the tax department.

3. Higher Compliance Rating: Good filing practices enhance your compliance rating, boosting your business’s credibility.

4. Streamlined Process: Simplifies the filing process, reducing complexity and minimizing errors.

5. Expert Support: Access to professional guidance keeps you updated on GST regulations.

6. Improved Financial Plannin: Better visibility of tax obligations aids in cash flow management.

7. Enhanced Credibility: Compliance can improve your reputation with lenders and investors. 

Using Taxring helps ensure compliance and optimize tax benefits effectively.

How to check GST Filling  Status ? 

 

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Frequently Ask Questions (FAQ's)

A: No, a person without GST registration can neither collect GST from his customers nor can claim any input tax credit of GST paid by him.
A: ISD stands for Input Service Distributor and has been defined under Section 2(61) of the CGST/TSGST Act. It is basically an office meant to receive tax invoices towards receipt of input services and further distribute the credit to supplier units (having the same PAN) proportionately.
A: Yes, the ISD registration is for one office of the taxpayer which will be different from the normal registration.
A: In case registration is granted; applicant can download the Registration Certificate from the GST common portal.
A: Yes. In terms of Section 28, the proper officer may, on the basis of such information furnished either by the registrant or as ascertained by him, approve or reject amendments in the registration particulars within a period of 15 common working days from the date of receipt of application for amendment. It is to be noted that permission of the proper officer for making amendments will be required for only certain core fields of information, whereas for the other fields, the certificate of registration shall stand amended upon submission of application in the GST common portal.
A: The transferee or the successor shall be liable to be registered with effect from such transfer or succession and he will have to obtain a fresh registration with effect from the date of such transfer or succession. (Section 22(3)).
A: Yes, the registration Certificate once granted is permanent unless surrendered, cancelled, suspended or revoked.
A: Only in cases where the proper officer feels the need for such verification but after the grant of registration. Wherever the proper officer feels so, he may get such verification done and the verification report along with other documents, including photographs, shall be uploaded in FORM GST REG-30 on the Common Portal within fifteen working days following the date of such verification.
A: Specified due date for filing of Form GSTR-3B is the 20th day of the subsequent month.
A: Yes, It is mandatory to file GSTR-3B even if there is no business in the Particular tax period.
A: Yes, Nil return can be filed by you if you have not made any outward supply and have not received any Goods/Services and do not have any tax liability.
A: You are not required to enter all details of inward taxable supply. Only details of Eligible and Ineligible ITC need to be declared in the table of GSTR-3B.
A: Form GSTR-3B once filed cannot be revised. Adjustment, if any, may be done while filing Form GSTR-3B for the subsequent period.
A: GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
A: Every registered taxable person, other than an input service distributor/ composition taxpayer/persons liable to deduct tax u/s 51 / persons liable to collect tax u/s 52 is required to file GSTR-1, the details of outward supplies of goods and/or services during a tax period, electronically on the GST Portal.
A: You can opt for Quarterly filing of Form GSTR-1 under following condition:  If your turnover during the preceding financial year was up to Rs. 1.5 Crore or  If you are registered during the current financial year and expect your aggregate turnover to be up to Rs. 1.5 Crores
A: B2B supply refers to supply transactions between registered taxable entities/persons (Business-to-Business supplies).
A: B2C supply refers to supply transactions between a Registered Supplier and an Unregistered Buyer (Business-to-Consumer)
A: Yes, a tax payer can have multiple series of tax invoices in a financial year. There is no limit on the number of series of tax invoices that one can have in a financial year.
A: Yes, the invoice number has to be of maximum length of 16 characters and the allowable characters are alphanumeric and special characters of dash and slash.
A: Form GSTR-2A is a system generated Statement of Inward Supplies for a recipient. Form GSTR-2A will be generated in below scenarios: *When the supplier uploads the B2B transaction details in their Form GSTR-1 / 5 *ISD details will be auto-populated on submission of Form GSTR-6 by their Input Service Distributor *TDS & TCS details will be auto-populated on filing of Form GSTR-7 & 8 respectively by the counter party. *Auto-population of Import of goods from overseas, on bill of entry, as received from ICEGATE Portal of Indian Customs.
A: 1. Any/all invoices uploaded by supplier in their Form GSTR-1/ GSTR-5 will be visible in Form GSTR-2A. However, ISD details will be auto-populated to Form GSTR-2A on submission of Form GSTR-6, only. 2. When the counterparty has submitted/ filed their return: Invoices available in Form GSTR-2A will continue to be available for viewing. 3. Detail of TDS and TCS credit receipt will be available in Form GSTR-2A (Part C) of the recipient after filing of Form GSTR 7/8 by the counter party. 4. Auto-population of Import of goods data in Part D, as received from ICEGATE Portal of Indian Customs.
A: No, you don’t have to file Form GSTR-2A. It is a read-only document provided to you, so that you have a record of all the invoices received from various suppliers in a given tax period.
A: Following details are available in Form GSTR-2A, in following sections: a. PART A – auto-populated from Form GSTR-1/5 (refer to 2.1) b. PART B – auto-populated from Form GSTR-6 (ISD credits received) c. PART C – auto-populated from Form GSTR-7 and GSTR-8 d. PART D – auto-populated based on ICEGATE Portal of Indian Customs.
A: Below tables are available under Part-D of Form GSTR-2A: *Import of goods from overseas on bill of entry: Displays all the details related to import of goods from overseas on bill of entry, as received from ICEGATE Portal of Indian Customs. *Inward supply of goods from SEZ units / developers on bill of entry: Displays all the details related to inward supply of goods from SEZ units or developers on bill of entry, as received from ICEGATE Portal of Indian Customs.
A: Form GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his/her suppliers in their respective Form GSTR-1 & Form GSTR-5 and ITC received through Form GSTR-6. The statement will indicate availability of Input Tax Credit to the registered person against each document filed by his/her suppliers and the Input Service Distributor (ISD). Form GSTR-2B also contains information on import of goods from the ICEGATE system including inward supplies of goods received from SEZ Units / Developers.
A: No, you don’t have to file Form GSTR-2B. It is only a read-only static auto-drafted ITC statement which indicates the availability of Input Tax Credit to you against each document filed by your suppliers and ITC received through ISD.
A: Form GSTR-2B is available only for the following types of taxpayers: *Normal taxpayers *SEZ taxpayers *Casual taxpayers
A: Navigate to Services> Returns > Returns Dashboard > File Returns > GSTR 2B Tile to view and download Form GSTR-2B statement of a tax period. Note: Form GSTR-2B statement for a particular tax period is available for view and download only after the Form GSTR-2B gets generated for that tax period.
A: Form GSTR-9 is an annual return to be filed once for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc. in this return.
A: Form GSTR-9 is to be filed by a person who is registered as a normal taxpayer, including SEZ unit or SEZ developer and the taxpayers who have withdrawn from the composition scheme to normal taxpayer any time during the financial year. Note: *Composition taxpayers can file Annual Return in Form GSTR-9A. *Annual Return is not required to be filed by casual taxpayer / Non Resident taxpayer / ISD/ OIDAR Service Providers.
A: Form GSTR-9 is required to be filed by every person registered as normal taxpayer. However, certain class of taxpayers may be exempted from filing Form GSTR-9 by way of Notifications issued by Government of India from time to time. Form GSTR-9C is required to be filed by every registered person whose aggregate turnover is above a certain threshold during the financial year, as notified by way of Notifications issued by Government of India from time to time. Such taxpayers are required to get their accounts audited by Chartered Accountant or Cost Accountant and need to submit a copy of audited annual accounts and reconciliation statement.
A: Yes, it’s mandatory to file Form GSTR-9 for normal taxpayers. It may, however, be made optional for taxpayers having AATO up to a certain threshold, from time to time.
A: Pre-conditions for filing of Form GSTR-9 are: *Taxpayer must have active GSTIN during the relevant financial year as a normal/regular taxpayer even for a single day. *Taxpayer has filed all applicable returns i.e. Form GSTR-1/IFF and Form GSTR-3B of the relevant financial year before filing the Annual Return.
A: Nil Form GSTR-9 can be filed for the Financial year, if you have: - *NOT made any outward supply (commonly known as sale); AND *NOT received any goods/services (commonly known as purchase); AND *NO other liability to report; AND *NOT claimed any credit; AND *NOT claimed any refund; AND *NOT received any order creating demand; AND *There is no late fee to be paid etc.
A: Below table in Form GSTR-9 has auto-populated data, from Form GSTR-2A of the relevant financial year: Table no. 8A: ITC as per GSTR-2A (Table 3 & 5 thereof)
A: After Form GSTR-9 is filed: *ARN is generated on successful filing of the return in Form GSTR-9. *An SMS and an email is sent to the taxpayer on his registered mobile and email id. *Electronic Cash ledger and Electronic Liability Register Part-I will get updated on successful set-off of liabilities (Late fee only). *Filed form GSTR-9 will be available for view/download in PDF and Excel format.
A: TDS filing involves providing an annual statement to the Income Tax Department detailing any tax deductions taken out when making specific payments such as salary, rent or professional fees.
A: Yes, TDS returns may be revised in order to correct errors or omissions; however, there is a time limit on their revision; therefore it's essential that they abide by it.
A: Online TDS forms can be downloaded directly from the Income Tax Department's official website in both PDF and Excel formats.
A: Electronically filing TDS returns with the Income Tax Department is known as filing E-TDS returns and it is mandatory for entities with multiple deductees. How can I file E-TDS returns? ; To file electronic TDS returns, the TDS Return Utility software allows you to prepare, validate, and generate an electronic file in accordance with prescribed format for upload to Income Tax Department's website.