GST Return Services

File GST Return in Delhi

Really great GST return filing in Delhi.Find out how to file GST returns or understand which types of GST return are applicable on your business

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Find information about GST Return Process, GST Return Plans, Registration Procedure, Documents Required,

GST Return Process Fees

Who is Required to File Gst Return Gstr 3B ?

GST is the single indirect tax that is levied on the supply of goods and services between different entities. GST returns are the tax return forms that are required to be filed by these Entities on Monthly basis.

All individuals/corporates registered under the Gst Act has to furnish the details of the sales and purchases of goods and services along with the tax collected and paid. This can be done by filing online in GSTR 3B returns.

Penalty On Missing GST Due Date

In such case, where taxpayers do not file their returns within specified due dates mentioned, he is obliged to pay a late fee of Rs. 50/day i.e. Rs. 25 per day in each case of CGST and SGST (in case of any tax liability) and Rs. 20/day i.e. Rs. 10/- day in each CGST and SGST (in case of Nil tax liability) subject to a maximum of Rs. 5000/-, from the given due date to the actual date when the returns are finally filed

GST Payment Due Dates for Both General & Composition Scheme Taxpayers

General: 20th Day of the Next Month
Composition: 18th Day of the Next Month of Quarter
Non-Resident: 20th Day of the Next Month
Input Service Distributor: 13th Day of the Next Month
TDS Deductor: 10th Day of the Next Month
TCS Collector: 10th Day of the Next Month

TYPES OF GST RETURN

GSTR 1: GSTR-1 is a GST return in which we have to file the sales Data that includes a business name, GSTIN, dates of invoices,Taxable value, Tax ,advances received against supplies.
GSTR-2A: This is another type of return that includes details of goods and services purchased by an entity & it will be shown in Seller Portal in GSTR 2A. It is the responsibility of the seller to add all the information, you as a buyer just need to verify it.
GSTR-3B: The is a consolidated summary return of inward and outward supplies that the Government of India has introduced as a way to relax the requirements for businesses that have recently transitioned to GST. The GSTR-3B for a particular month should be filed by the 20th of the following month. For example, GSTR-3B for July should be filed by the 20th of August, and the GSTR-3B for the month of August should be filed by the 20th of September and so on.
GSTR-4: Small taxpayers who have a turnover of up to 1.5 Crores need often opt for a compensation scheme. As a part of this scheme, a taxpayer pays taxes at a fixed rate. The fixed rate is 2 percent for manufacturers, 1 percent for suppliers and 5 percent for restaurant service sector. Such taxpayers need to file a quarterly return called GSTR-4. Some details need to be shared during GST online payment of quarterly return are the total value of supply done during the quarter, details of payment of tax and declaration of invoice-level purchase information.
GSTR-9: All the taxpayers of GST need to pay an annual return to ensure that there is complete transparency with regard to a taxpayers’ activity. While filing this GST return online, the taxpayer needs to provide details of all income and expenditure while regrouping them as per monthly returns. This tax return helps in correcting any short reporting of activities. The due date for this tax is 31st December of next financial year.

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Frequently Asked Questions

What is the purpose of returns?

a) Mode for transfer of information to tax administration;

b) Compliance verification program of tax administration;

c) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period;

d) Providing necessary inputs for taking policy decision;

e) Management of audit and anti-evasion programs of tax administration.

Who needs to file Return in GST regime?

Every registered taxable person – who crosses the threshold limit for payment of taxes. A supplier needs to be registered when the aggregate turnover crosses Rs. nine lacs but he become taxable person ONLY when he crosses Rs. ten lacs. So he will be required to file returns when he crosses the threshold limit of Rs. ten lacs. There are some other class of persons who need to be registered and therefore will have to file returns like interstate suppliers, TDS deductors, e-commerce operators, suppliers supplying goods through e-commerce operators etc (reference Schedule-III and Question 6 of the Registration Chapter).

What type of outward supply details are to be filed in the return?

A normal registered taxpayer has to file the outward supply details in GSTR-1 in relation to various types of supplies made in a month, namely outward supplies to registered persons, outward supplies to unregistered persons (consumers), details of redit/Debit Notes, zero rated, exempted and non-GST supplies, exports, and advances received in relation to future supply.

Is the scanned copy of invoices to be uploaded along with GSTR-1?

No, scanned copy of invoices is to be uploaded. Only certain prescribed fields of information from invoices need to be uploaded.

Whether all invoices will have to be uploaded?

No. It depends on whether B2B or B2C plus whether Intra-state or Inter-state supplies. For B2B supplies, all invoices, whether Intra-state or Interstate supplies, will have to be uploaded. Why So? Because ITC will be taken by the recipients, invoice matching is required to be done. In B2C supplies, uploading in general may not be requiredas the buyer will not be taking ITC. However still in order to implement the destination based principle, invoices of value more than Rs.2.5 lacs in inter-state B2B supplies will have to be uploaded. For intra-state invoices below Rs. 2.5 lacs and all intra-state invoices, state wise summary will be sufficient.

Whether description of each item in the invoice will have to be uploaded?

No. In fact description will not have to be uploaded. Only HSN code in respect of supply of goods and Accounting code in respect of supply of services will have to be fed. The minimum number of digits that the filer will have to upload would depend on his turnover in the last year.

What is the consequence of not filing the return within the prescribed date?

A registered taxable person who files return beyond the prescribed date will have to pay late fees of rupees one hundred for every day of delay subject to a maximum of rupees five thousand.

Whether value for each transaction will have to beed? What if no consideration?

Yes. Not only value but taxable value will also have to be fed. In some cases both may be different. In case there is no consideration, but it is supply by virtue of schedule 1, the taxable value will have to be uploaded.

Can a recipient feed information in his GSTR-2 which has been missed by the supplier?

Yes, the recipient can himself feed the invoices not uploaded by his supplier. The credit on such invoices will also be given provisionally but will be subject to matching. On matching, if the invoice is not uploaded by the supplier, both of them will be intimated. If the mismatch is rectified, provisional credit will be confirmed. But if mismatch continues even after intimation, the credit provisionally allowed will be reversed.

Do the taxable person have to feed anything in the GSTR-2 or everything is auto-populated from GSTR-1?

While a large part of GSTR-2 will be auto-populated, there are some details that only recipient can fill like details of imports, details of purchases from non-registered or composition suppliers and exempt/non-GST/nil GST supplies etc.

What will be the legal position in regard tohe reversed input tax credit if the supplier later realises the mistake and feeds the information?

At any stage,but before September of the next financial year, supplier can upload the invoice and pay duty and interest on such missing invoices in his GSTR-3 of the month in which he uploaded the invoice. The recipient will then automatically get ITC on that invoice. The interest paid by the recipient at the time of reversal will also be returned to the recipient through an automated system on the GSTN.

What is the special feature of GSTR-2?

The special feature of GSTR-2 is that the details of supplies received by a recipient can be auto populated on the basis of the details furnished by the counterparty supplier in his GSTR-1.

Who all need to file Annual Return?

All taxpayers filing return in GSTR-1 to 3 other than casual taxpayers and taxpayers under composition scheme are required to file an annual return. Casual taxpayers,nonresident taxpayers, ISDs and persons authorized to deduct tax at source are not required to file annual return.