GST Returns Filling Services

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GST Returns Filling Services

For the GST return process by Amit K Chawla & Co., We can provide a general overview of the GST return filing process in India, which CA  Amit K Chawla & Co. or any other chartered accountant might follow.

  1. Registration: Any business whose turnover exceeds the threshold limit (which varies for different states) is required to register under GST. Once registered, the business is assigned a unique Goods and Services Tax Identification Number (GSTIN).

  2. Maintaining Records: The business must maintain detailed records of all transactions including purchases, sales, output GST (tax collected on sales), and input GST (tax paid on purchases).

  3. Filing Returns: GST returns need to be filed periodically. There are different types of GST returns such as GSTR-1, GSTR-3B, GSTR-4, etc., each serving a different purpose and applicable to different types of taxpayers.

    • GSTR-1: Contains details of outward supplies (sales) made by the taxpayer. It needs to be filed by the 11th of the succeeding month.

    • GSTR-3B: A summary return that includes details of both outward and inward supplies, along with the tax liability. It needs to be filed by the 20th of the succeeding month.

    • GSTR-4: A quarterly return for taxpayers opting for the Composition Scheme.

    • Others: There are returns for Input Tax Credit (ITC) matching (GSTR-2A, GSTR-2B) and annual returns (GSTR-9).

  4. Reconciliation: Before filing returns, businesses need to reconcile their purchases with the data available on the GST portal to ensure accurate input tax credit claims.

  5. Payment of Tax: After filing returns, businesses need to pay the tax liability as per the returns filed. The payment can be made online through the GST portal.

  6. Annual Return: Additionally, an annual return (GSTR-9) needs to be filed by December 31 of the following financial year, which consolidates the information furnished in monthly/quarterly returns.

Chartered accountants like CA Amit K Chawla & Co. assist businesses in every step of this process, from registration to filing returns accurately and on time, ensuring compliance with GST regulations. We also provide advisory services on GST-related matters, helping businesses optimize their tax liabilities and ensure smooth operations.

Call us at +91-9044742447 to Get expert advice for GST return filing service with CA Amit K Chawla & Co. Book Your Consultation Appointment Now!