GST Return Filing in India, Mumbai | File GST Return Online

GST Return Filing

GST return filing is compulsory for all the entities having GST registration, irrespective of the activities of the business, sale, or profit during the return filing period. Every GST registered organization needs to file GSTR 3B monthly, GSTR 1 either monthly or quarterly within the due date to avoid late filing fees and interests.

Composition taxpayers are supposed to do it quarterly. Annual GST return (GSTR 9) must be filed by all GST entities having GST registration irrespective of their turnover. If an entity fails to file the GST returns, heavy penalties may be charged and if not filed for 6 months continuously then GST registration will be cancelled and they will not obtain it until all dues are cleared.

MyEfilings provide the most reasonable and competent services for GST return filing.

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Benefits of Filing GST Returns

Avoid Late Filing Fees

Hefty amounts would be charged for non-filing of GST returns.

Claim Input Tax Credits

In order to claim credit of GST paid on purchase or expenses, filing GST returns becomes mandatory.

Loan Approval

Bank loans like working capital loans require sales and purchase details, which can be easily verified with filed GST returns.

Claim Refund of Taxes

If a refund from the GST department is due, you can claim it by filing the returns.

Process for GST Return Filing

You need to provide details of sale, purchase and expense invoices in the simplified format to MyEfilings.

Our dedicated and expert team will compute the GST liability for you and help you to pay the tax due to the government.

Returns will be filed within
the due date.

FAQ'S

Is there any need to file SGST, CGST, and IGST separately?

No, for all the three the return forms are common. However, for each there is a separate column, which needs to be filled based on the intra-state and inter-state supply.

Who all are eligible to file Annual GST Returns?

Businesses other than casual taxpayers are required to file an annual GST return.

What are the late fees for not filing GST returns?

If you do not file the return on time, you will be liable to pay an interest and a fee. The interest is a 18% per annum. The interest depends on the amount of outstanding tax that you have to pay. It is supposed to be done from the very next day after filing to the date of payment.

What is the periodicity of GST return filing?

It is entirely based on the kind of registration and transactions. There are different periods that have been specified - hello@brandmystyle.in | www.brandmystyle.in | +91 982.019.5987
- Monthly returns need to be filed by regular taxpayers, tax deductors, foreign non-residents, input service providers, and e-commerce operators have to file monthly returns.
- The composition taxpayers need to file quarterly returns.

What are the types of GST return?

Types of GST returns:

• GSTR-1 - Monthly return of the outward supplies.
• GSTR-3 - Monthly return containing the details of the taxpayers from the other forms such as GSTR-1, GSTR-2A, GSTR-6, GSTR-7).
• GSTR-4 - Quarterly return.
• GSTR-5 - Variable return for the non-resident taxpayers to file.
• GSTR-6 - Monthly return for the input service distributor to file.
• GSTR-7- Monthly return for the Tax Deducted at Source (TDS) to be filed.
• GSTR-8 - Monthly return for the e-commerce operator to filed.
• GSTR-9 - Annual return.
• GSTR-10 - Final return paid before terminating business activities permanently.
• GSTR-11 - Tax to be paid by the taxpayers with a Unique Identification Number (UIN)

Is it mandatory to attach a scanned copy of invoices while filing GST Returns?

No, but certain fields of the information from the invoices need to be uploaded.