GST Filing Services
GST filing services are comprehensive, multi-stage, destination-based tax services that are levied on every value addition. Your complete GST registration and compliance-related worries will be taken care of by our GST filing experts
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What is GST (Goods and Services Tax)?
Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services and it has come into existence w.e.f. 01 July 2017. This law has replaced many indirect tax laws (such as service tax, VAT, excise, octroi, etc.) that previously existed in India.
GST is one indirect tax for the entire country. It is expected that GST will lead to the following advantages: elimination of multiplicity of taxes, tax structure rationalization, wider tax base, reduction in compliance efforts, etc.
GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. Goods and services are divided into five tax slabs for tax collection – 0%, 5%, 12%,18%, and 28%. However, petroleum products, alcoholic drinks, and electricity, are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax regime. The tax rates, rules, and regulations are governed by the GST Council which consists of the finance ministers of all the states and the central government.
On the compliance front, all registered persons have to file monthly returns in Form GSTR-3B (containing a summary of outward and inward supplies) by the 20th of the succeeding month. Additionally, an invoice-wise return of outward supplies needs to be submitted in Form GSTR-1
End To End GST Filing Services
GST filing services can help businesses and entrepreneurs file their GST faster and easier. With the right provider, you’ll have everything you need to get your GST filing done quickly and effortlessly.
Our end-to-end GST filing services include the following:
- Compliance Support Services
- Tax Structuring
- GST Health Checkup
- GST Refunds
- GST Audits
Our GST filing services from Pune, India are aimed at supporting businesses to run efficiently while simultaneously ensuring that they are fully compliant with prevailing laws.
Why Outsource your GST Compliance Services?
Avoid Complications: GST filing can be a chore to do all by yourself. The law is a little complicated. Small mistakes can lead to fines and penalties.
Cost savings: Outsourcing GST filing can be more cost-effective than maintaining an in-house compliance team, as businesses do not need to pay for employee salaries, benefits, and training.
Access to expertise: Greenvissage provides access to experts who are up-to-date on the latest GST laws and regulations. We ensure compliance with these laws to avoid fines and penalties.
Time-saving: Outsourcing GST compliance tasks can free up time for businesses to focus on their core operations and revenue-generating activities.
Better accuracy and faster processing: Greenvissage has specialized software and experienced professionals to take care of compliance. It will help you in better accuracy and faster processing.
Outsourcing GST filing services to Greenvissage is an excellent way to ensure that all GST compliance services are performed at a professional level.
Different Types of GST Returns with Deadlines
Listed below is the detailed information on GST returns as per the GST Act;
GSTR-1 Return (Due on 11th of Every Month)
Form GSTR-1 or outbound shipment returns are due by the 11th of each month. Any dealer filing GSTR-1 can upload a document containing details of an invoice issued to B2B or B2C company to which they belong. Invoices, debit notes, revised invoices, and credit notes must be submitted. An electronic tax return can be filed online through his GST portal within 11 days after the end of the month.
GSTR-2B – to be downloaded from GST portal after 14th of Every Month
GSTR 2B is an excel sheet that contains details of purchases, details of which are submitted by the vendors and customs shipment details up to the 13th end of the day and get auto populated on 14th. Information in the GSTR 2B has to be matched with actual receipts of goods and service and availability of invoices.. If the Supplier provides a receipt, the Recipient must review, verify, correct, or, take necessary action on any information provided by the Supplier.
GSTR-3B Return – Due on 20th of Every Month
The filing deadline for GSTR 3B is the 20th of each month. The GST Portal will automatically generate GSTR 3B based on information provided through Forms GSTR-1, eligible GSTR-2B, and other liabilities from previous tax periods. The taxpayer shall debit from the electronic cash book or electronic loan book for taxes, interest, penalties, fees, or other amounts due under the law or the provisions of this chapter, and shall detail the Declaration of Form Records. You can resolve that responsibility by filling in the GSTR-3B.
GSTR-4 Return – Annual Return for Composition Suppliers Due on 30th April next year
The composition supplier has to file GSTR 4 returns before 30th April after the end of the financial year. Based on the information contained in FORM GSTR-4A, after supplementing, correcting, or deleting information as necessary, the taxpayer may file his quarterly return on his FORM GSTR-4.
GSTR-5 Return – Monthly Return for Non-Resident Taxable Persons
The GSTR 5 return must be filed by a person registered as a non-resident taxpayer under GST not later than 20 days and within 7 days from the last day of registration. GSTR-5 requires the taxpayer to provide information and details on goods issued and goods receipt.
GSTR-6 Return – Monthly Return for Input Service Distributors
Taxpayers registered as Input Service Distributors are required to file their GSTR 6 returns by the 13th of each month. After adding, correcting or deleting information under FORM GSTR-6A, the taxpayer must file a return detailing the tax invoice on which the deduction was received and the tax invoice issued. You can submit your letter.
GSTR-7 Return – Monthly Return for Tax Deductors
All taxpayers registered for GST in TDS are required to file a GSTR 7 return. GSTR-7 is due by the 10th of each month. The GST Council will make all information contained in Form GSTR-8 available to other taxpayers in Part C of Form 2A and Form 4A.
GSTR-8 Return – Monthly Return for E-Commerce Operator
GSTR-8 returns must be submitted by the e-commerce merchant by the 10th of each month. E-commerce operators are required to provide details of their supply of goods and/or services. This includes returned supplies and amounts collected. The GST Council will provide each supplier with all details provided by the e-commerce operator on Form GSTR-2A Part C.
GSTR-9 Return – Annual GST Return
The GSTR-9 return or annual GST return must be filed by the taxpayer by December 31st. Non-resident taxpayers, temporary taxpayers, TDS deductible persons and TCS collectors who are registered for GST composition scheme are required to file a GSTR 9 return if their annual turnover exceeds the amount. Submission can be avoided. However, in these circumstances, the taxpayer must obtain a declaration checked by an auditor or auditor.
GSTR-10 Return – Final GST Return
Taxpayers are required to file a GSTR-10 or final GST return within three months from the date of cancellation of GST registration.
GSTR-11 Return – GST Return for UIN Holders
Form GSTR-11 or GST Returns for UIN Holders must be submitted by individuals holding a UIN under GST to claim a refund of taxes paid on inbound shipments.
How to check GST Return Filing Status?
For taxpayers who do not know how to check their GST return service/return status, this is a one-stop guide to learning this important step.
You can track your return status directly on the Government Portal.
- Open the common portal at www.gst.gov.in .
- Enter valid credentials in the login area.
- Move your cursor and click Services, then go to Returns and find Track Return Status.
- Now we have to meet the deadline.
- If a drop-down list appears, please select the year in which you filed the corresponding return. Press Enter on the Search button.
The person filing the tax return, also known as the taxpayer, agrees to receive ARN or application reference numbers at the email address or phone number provided and to be contacted through the GST Common Portal. You can use the ARN to determine her GST return status using the following steps:
- Log in to the common portal at www.gst.gov.in.
- Enter valid credentials on this login page.
- Move your cursor over it and click Services. > Then select Returns and go to Track Return Status
- Enter ARN number in the ARN field provided.
Why Greenvissage for the GST Filing Services?
We are reasonable, economical & affordable with unmatched result-oriented consulting.
Having an experience of working with some of the world’s largest accounting firms.
Our GST filing services can help you ensure you are compliant with the law.
Some of the additional key services apart from the GST filing services are listed below;
I always found doing business with Team Greenvissage is very pleasurable. They helped us setup the company in India and guided us through the legal minefield & ensured all compliances were adhered to strictly.
Thanks to their legal & financial support, I could fully concentrate on the Business operations, knowing the legal and fiscal are in good hands.
Known Amit and Kethan for over 15 years now and have been utilizing their services for our end to end Accounting/Tax/Payroll needs..not only are they super professional and knowledgeable they also make the best of friends a business owner can ask for!
We have been receiving personal attention from the Directors at all times. The support staff is very helpful and they try to understand the issues at hand, with all sincerity and professionalism. For emergencies we do get immediate personal intervention.
The services they provide are exemplary on a professional and knowledgeable, yet friendly level.
We particularly value their pro-active style of suggesting ideas and solutions regarding all accounting/ compliance/ payroll/ tax/ forex matters of our business,
and the way a smooth transition and taking over of our accounting/ auditing tasks from our earlier CA was accomplished.
One of the key criteria for start-ups is that the accounting firm should be flexible, understanding and very approachable.
I am happy to state that Greenvissage and its team is exactly this.
The team is ably headed by Amit and Kethaan. Both of them very well understand that the business cycles go through tough times and they make sure to support during tough times too.
I believe this is the test of good partner organization.
If you need any information or assistance we encourage you to contact Us! We will be happy to help!
FAQ: GST Filing Services
GST stands for Goods and Services Tax. It is a consumption-based tax that is imposed on the sale, manufacture, and consumption of goods and services. GST is a multi-stage tax, which means that tax is collected at each stage of the supply chain, starting from the manufacturer to the end consumer.
All businesses that are registered under GST are required to file GST returns. This includes businesses with annual turnover above the threshold limit . It also includes those that have voluntarily registered for GST.
GST returns are required to be filed on a monthly or quarterly basis, depending on the turnover of the business and the type of GST return being filed.
If you miss the GST filing deadline, you may be subject to late fees and penalties. Additionally, your GST registration may be suspended or cancelled if you repeatedly miss the filing deadline.
ARN is an application reference number assigned to taxpayers requesting GST filing services. This ARN will allow the taxpayer to easily check her GST filing status.
Yes, The official GSTN portal allows business owners to file GST online. However, ensure you understand the compliances before filing in order to avoid penalties
ITC stands for input tax credit, and it refers to the GST paid by the business on purchases.
Please connect using the C-Form to know more details about pricing
GST-registered companies are generally required to file three monthly returns (GSTR-1, GSTR-2 and GSTR-3) in each state in which they operate. A GST return is also required each year. This means that companies must file 37 returns each year in every state in which they operate.