GST & Compliance Filing

Now file GST Annual Returns and compliance’s hassle free

According to New GST registration Process, applicant is required to register if annual sales are more than Rs. 40 Lakh but if your sales are below Rs. 40 Lakh, we recommend to voluntarily opt for GST registration for following reasons:

  • To get tax refunds on purchases (e.g. if you buy goods valuing Rs 1 lakh in a year, and tax rate is say 28% – you will lose tax refund of Rs. 28,000).
  •  To sell outside your state

Under the new GST regime, a registered dealer under the GST Act has to periodically furnish the details of sales and purchases along with tax collected and paid thereon to the government by filing GST return online.

GST return can be filed in different GST return form depending upon the nature of transaction and registration. GST return form that are applicable for Normal Tax payers and their GST return date are:

  •  Monthly Details of outward supplies of taxable goods and/or services affected in FORM GSTR-1 to be filed by 11th of the next month.
  •  Monthly Details of inward supplies of taxable goods and/or services affected in FORM GSTR-2 to be filed by 15th of the next month.
  •  Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of tax in FORM GSTR-3 to be filed by 20th of the next month.
  •  Annual Filing of GST return form in FORM GSTR 9 to be filed by 31st December of next financial year.
  •  GST Return form for a summary of outward supplies along with input tax credit declared and payment of tax affected by taxpayer in FORM GSTR-3B to be filed by 20th of the next month.

Different GST return form are required to be filed by special cases such as composition dealers.

Team TPIS helps with your GST Return Annual Filing- GST Filing & GST payment with a single Compliance package