GST Return Filling & Compliance – HKefilingSeva.com

GST Return Filling & Compliance

₹14,999.00 – ₹29,999.00

GST return

GST registration holders are required to file GSTR-3B return every month providing details of sales and purchases made in a month to the Government. GSTR-3B (Summary of Input , Output and Tax Liability) return is due on the 20th of each month.
In addition to GSTR-3B return, businesses registered under GST must file GSTR-1(Sales or Supply & Sales Return Invoices Detail) return. GSTR-1 return must be filed every month by businesses having annual revenue of over Rs.1.5 crores. In case a business has a yearly revenue of less than Rs.1.5 crores, GST return should be filed every quarter.
Annual GST return must be filed by all GST entities having Annual Turnover more then 1.5 Crores in the Financial Year . The due date for filing GST annual return for FY 2017-18 is 31st December 2019. The due date for filing GST annual return for FY2018-19 is 30st June 2020.

GST Return Due Dates

  1. GSTR-3B will be due on 20th of the Next Month
  2. GSTR-1 return for persons having annual revenue of more than Rs.1.5 crores will be due on 11th of the Next Month.
  3. GSTR-1 return for persons having annual revenue of less than Rs.1.5 crores will be due on 31st of the Next Month.
 

Penalty for late filing

Penalties and cancellation of the GST registration will result if an entity fails to file GST returns on time. In-case of non-compliance for more than six months consecutively, the entity would be unable to obtain another registration in addition to cancellation- until all the penalties are paid back in full.

The penalties for entities having no turnover is different when compared to entities having a certain turnover. NIL returns must be filed in case of no turnover and failure to do so will result in a penalty of Rs. 20 per day.

Established businesses will be levied with a penalty of Rs. 50 per day for the period of late-filing. A penalty of Rs. 50 per day will be applicable for late GSTR-3B return and Rs.50 per for GSTR-1 return. In total, a penalty of more than Rs.3000 per month would be incurred. In addition to the above late filing fees, the entity would also have to pay interest at the rate of 18% on GST payment remitted late.

*As per 40th GST council meeting, the penalty for late filing has been waived off.

Composition Scheme Filing

All entities registered under the composition scheme are required to file form GSTR-4A every quarter through the GST portal or through a GST facilitation centre.

GST returns for those enrolled under the composition scheme is due on the 18th of the month every quarter. Hence, GST return filing for the composition scheme would be due on April 18th, July 18th, October 18th and January 18th.

The returns filed must include details of the following:

  • Inter-State and intra-State inward supplies received from registered and unregistered persons
  • Consolidated details of outward supplies

Even if an entity opted for the composition scheme starting April of that year, it must continue filing monthly GST returns until September of the same year.

Composition Scheme - Due dates

While filing the GST composition returns, the taxpayer is also required to pay all liabilities towards tax, interest, penalty, fees or any other amount payable under GST.

GST composition tax is levied at the following rates:

  • Manufacturers, other than manufacturers of such goods as may be notified by the Government – 1%.
  • Suppliers making supplies – 2.5%
  • Any other supplier eligible for composition levy – 0.5%

Its important to note that any taxpayer who has opted for the GST composition scheme will not be eligible to avail input tax credit on receipt of invoices or debit notes from the supplier for the period prior to opting for the composition scheme.

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Process for GST Return Filing by eFilingSeva.com GST Expert (CA)

eFilingSeva.com is the leading business services platform in India, offering end to end GST services from registration to return filing. eFilingSeva.com helps thousands of business owners file their GST returns every month, and we can help you file GST returns for your business.

When GST Return Filing is outsourced to eFilingSeva.com, a dedicated GST Advisor (CA) will be assigned to your business. The dedicated Advisor (CA) would contact you each month, collect the necessary information, prepare the GST return and help you file the same. Some of the advantages of outsourcing your GST return filing to eFilingSeva.com are: 

  • Dedicated GST Advisor (CA)
  • Reminders each month to file GST return
  • GST returns prepared using GST Software
  • Assistance in making GST Return Due Payment
  • All the GST Return like GSTR-1 and GSTR-3B, Annual return filing by dedicated GST Advisor (CA)
  • Input Tax Credit Reconciliation
  • Proper accounting and saving of records for future references.
  • Dedicated CA will email you about all the updated in GST notification, circular.
  • List Item

12 Months GST filing ( Turnover > 1cr )

Rs.14999 / year
  • Personalised GST Accountant
  • Unlimited Estimates
  • Unlimited Invoices
  • Unlimited Purchase Invoices
  • Unlimited Purchase Orders
  • GSTR-3B Return Filing
  • GSTR-1 Return Filing
  • Input Tax Credit Reconciliation
  • GSTN API Connect to File Directly
  • Import or Export to Excel
  • Phone, Chat & Email Support
  • GST Payment Support
Choose Plan

12 Months GST filing ( Turnover 1-5 cr )

Rs.29999 / year
  • Personalised GST Accountant
  • Unlimited Estimates
  • Unlimited Invoices
  • Unlimited Purchase Invoices
  • Unlimited Purchase Orders
  • GSTR-3B Return Filing
  • GSTR-1 Return Filing
  • Input Tax Credit Reconciliation
  • GSTN API Connect to File Directly
  • Import or Export to Excel
  • Phone, Chat & Email Support
  • GST Payment Support
Choose Plan
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GST Compliance for 1 Year (Turnover > 1Cr.), GST Compliance for 1 Year Turnover (1Cr. – 5Cr)

2 reviews for GST Return Filling & Compliance

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    It’s Awesome.

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