GST Return Filing is mandatory for every GST Holder, even if you don’t have any invoice. When a registered taxpayer misses the filing of GST return within the due date, the late fee is levied by the government of India. Our Chartered Accountants help you to file your GST Return at ₹499/- only.
We understand that every business may have unique requirements; Kindly let us know if you need a customised quotation.
We keep you informed about the upcoming due dates for return filings. This way we can ensure timely filing and avoid paying the penalty for late filing.
Filing returns requires a lot of details and documents (mentioned above). We provide you with your personalised dashboard for uploading the documents. The dashboard will allow you to maintain records with ease by simplifying the whole process. You can upload as and when transactions happen. Once you have submitted the required details, our expert team will prepare your GST forms.
The filled forms will be sent to you for review and approval. We file the returns only after your approval. An ARN number will be generated and shared with you after the filing. Once the process is completed successfully, we will mail you an acknowledgement about the same to the registered email id provided by you.
The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. Every taxpayer registered under GST has to file GST returns. These returns are used to calculate the tax liability by the government. GST is an evolving system of taxation and the government keeps updating the rules and regulations around it. So, it is important to stay up-to-date to be able to file your returns correctly.
Our GST return filing service helps taxpayers like you to get it done easily. Our professionals will take care of the filings so you don’t have to worry about staying up-to-date with laws or watching due dates.
When a registered taxpayer misses the filing of GST return within due date, the late fee is levied by the government of India. The Late Fee for various GST return are as follow:
| Particulars | Late Fee |
|---|---|
|
GSTR-1, GSTR-3B, GSTR-5, GSTR-5A, GSTR-6, GSTR -7, GSTR -8 (NIL RETURN) |
Rs 20 per day up to maximum of Rs 10,000/- |
|
GSTR-1, GSTR-3B, GSTR-5, GSTR-5A, GSTR-6, GSTR -7, GSTR -8 (Other then Nil Return) |
Rs 50 per day up to maximum of Rs 10,000/- |
|
GSTR-4 By Composition Dealer |
Rs. 200 per day up to a maximum of Rs 10,000/- |
|
GSTR-9 and GSTR-9A |
Rs. 200 Per Day up to a maximum of 0.5% of Turnover |
|
GSTR 10 (Final Return) |
Rs 200 Per day |
| Particulars | Late Fee |
|---|---|
|
Delayed payment of GST |
18% Per Annum |
|
Undue or Excess deduction of Tax Liability |
24% Per Annum |
|
Undue or Excess Claim of ITC |
24 % Per Annum |
An offender not paying tax or making short payments must pay a penalty of 10% of the tax amount due subject to a minimum of Rs. 10,000.
Consider — in case tax has not been paid or a short payment is made, a minimum penalty of Rs 10,000 has to be paid. The maximum penalty is 10% of the tax unpaid.
An offender has to pay a penalty amount of tax evaded/short deducted etc., i.e., 100% penalty, subject to a minimum of Rs. 10,000.Additional penalties as follows-
| Tax amount involved | 100-200 lakhs | 200-500 lakhs | Above 500 lakhs |
| Jail term | Upto 1 year | Upto 3 years | Upto 5 year |
| Fine | In all three cases | ||
Cases of fraud also face penalties, prosecution, and arrest.
The QRMP scheme applies to registered taxpayers who have an aggregate turnover equal to or less than ₹5 crores in the previous financial year. Under this scheme, businesses will be allowed to file returns every quarter instead of every month. Taxes have to be paid every month.
It is not possible to revise the GST returns. That is why it is advised to get professionals to file your returns. Changes can be made to the details provided in the next period’s return form amendment section.
We ensure that all your returns are filed on time and no delays happen as long as you provide us with all the details and documents in time. If there is an erroneous delay on our part, we will bear the late fees for the same.
No. The threshold for northeastern states (special category states) is lesser than other states. There the threshold is ₹20 lakhs for the sale of goods and ₹10 lakhs for the sale of services.
It is mandatory to file GSTR-1 each month for every registered taxpayer. On the other hand, if you opt for the QRMP scheme, you have to file quarterly returns only.
Yes, GST has to be paid every month on its due date. You first pay GST and then file returns.
EWay Bill is an Electronic Waybill a GST registered person should get for movement of goods in a vehicle whose value exceeds ₹50,000. You can do e-Way bill registration through the e-Way Bill Portal (https://ewaybillgst.gov.in/).
