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How We Work?
- Fill-up the form & make the payments
- Get the call from our GST filings expert
- Upload the documents, details as requested
- Experts will take your approval for GST return filing process
- We will execute the entire GST filing procedure for your business
Benefits
Abolition of the cascading effect
GST filing simplifies the entire tax process by eliminating all the tax-on-tax or the cascading method.
An organized tax system
The business identities are allowed here to pay the entire tax amount at a single time. GST return filing has replaced the chaotic older tax system.
Business opportunities
By the collaboration of the Indian tax system, the business entities are now enjoying a nationwide market without paying different taxes to the State Governments.
Helping the start-ups
The preceding VAT was compulsory for any company with an annual turnover of INR 5 lacs which acted as troublesome for any start-up entity. GST return filing has replaced the VAT, benefiting the start-ups with all sense.
Points to remember
- The scheduled date for GST filing can be altered or extended by issuing a notification from Govt. of India.
- Not filling the GST return by the due date would lead to a late fine and a liable amount with an interest at 18% per annum rate. The fined amount would be-
For CGST – INR 100/day
For SGST – INR 100/day - The small business entities are required to file their GST return quarterly.
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Frequently Asked Questions (FAQs)
What is the AATO Scheme amendment in GST Return filing?
On the recommendations of the GST Council, a new scheme of Quarterly Returns with Monthly Payments (QRMP) will be introduced from 1st January 2021. Under this scheme, taxpayers with upto Rs. 5 Crores Aggregate Annual Turnover (AATO) in the previous and the current financial year would be given an option to file their Return/Statement in Form GSTR-1 and Form GSTR-3B Quarterly with a simple payment challan for the first two months of the quarter.
Can I apply for GST Return Filing online?
Yes. Any taxpayer can apply for online GST Return Filing in Online Legal India. Our GST experts here will completely guide you regarding the process.
Is the GST threshold limit the same for all Indian states?
No. In the North-Eastern states of India, the GST limit comes to INR 20 lakh for all types of businesses. In states like Meghalaya, Assam, Nagaland, Mizoram, Tripura, and Arunachal Pradesh; the GST limit is INR 10 lakhs.
How would the Composition Scheme work under the regulations of GST?
As per the GST regulations, the Composition Scheme applies to all types of businesses with an annual turnover up to INR 50 lakhs. These taxpayers will need to pay a predominant percentage of his/her turnovers.
Does GST apply to all businesses?
Yes. GST is mandatory for all types of business identities. It applies to every kind of traders, manufacturers, and providers. It can also extend to writers, bloggers and dealers who have obtained registration for the creative works.
Do we need different forms for IGST, SGST, and CGST?
One identical GST return filing form can be used for filing SGST, CGST, and IGST. In this form, there are different columns for each one of these categories and it will have to be filled based on the type of business.
Can we revise the returns?
No. It is not doable to revise the paid GST returns. But changes can be made based on the details given in the next return form alteration part.
What happens if the return is not filed within the stipulated time?
In case of delay, the individual is needed to pay INR 100/day. Along with that, a fine has to be paid with an 18% per annum rate.
After filing of returns, will I be able to pay my taxes?
Business personnel would not be able to pay the taxes after filing the GST returns. Instead, the tax amount should be paid before the GST return filing procedure. Failing to do so, the return will be considered invalid by law.