GST Returns

Goods and Service Tax (GST) came into effect from 1st July 2017. GST is the most buzzing word all over the country since it came into existence. GST Registration is being applicable to specified entities having certain criteria. Once you get the GST Registration it becomes mandatory to file the GST Return and follow the compliances.

We are a team of experienced GST Consultants. Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition. In simple words, GST is the indirect tax levied on the supply of goods and services. The GST law has replaced many indirect tax laws that previously existed in India.

These GST returns are required to be filed in a prescribed format and in a prescribed time frame because as we know GST reduces the cascading effect of Tax in a chain so the returns are also to be filed properly by every dealer in that chain so that the tax authorities can reconcile the transaction timely and provide the GST credit to each authorized dealer timely

There are 3 applicable taxes under GST: CGST, SGST & IGST:

• CGST: Collected by the Central Government on an intra-state sale
• SGST: Collected by the State Government on an intra-state sale
• IGST: Collected by the Central Government for inter-state sale

Note:

• All taxpayers having GST registration should file GST returns on the 10th, 15th, and 20th of each month.
• Even if there was no business activity or transaction during a month, the taxpayer must still log in to the GST portal and file NIL GST return to avoid penalty.

TaxAdvisr provides expert services on GST matters. Various services provided by us are as follows:

• Obtaining Registration.
• Preparation and filing of Returns.
• Advising on GST Matters
• Filing for GST refund