📃 What is a GST Return?

A return is a document containing details of income that a taxpayer must file with tax authorities. It is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file returns that include:

• Purchases
• Sales
• Output GST (On sales)
• Input tax credit (GST paid on purchases)

Under this plan, our experts will file your GST Returns.

📄 Who has to file GST Returns?

In the GST regime, any regular business has to file three monthly returns and one annual return, totaling **37 returns** in a year. The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR-2B & GSTR-3B will auto-populate based on information derived from GSTR-1 filed by you and your vendors.

📝 What are the types of GST Returns?There are three types of GST Returns to be filed every month and an annual return for registered businesses:

• GSTR-1: Monthly details of outward supplies due on the **10th** of the next month.
• GSTR-2B: Monthly details of inward supplies claiming input tax credit due on the **15th** of the next month.
• GSTR-3B: A monthly return based on finalization of details of outward and inward supplies due on the **20th** of the next month.
• GSTR-9: Annual return due on **31st December** of the following financial year.

💸 How do I claim Input Tax Credit?Input credit allows you to reduce the tax payable on output based on taxes paid on inputs. We will help you claim input tax credit if you have tax invoices from registered dealers.

📄 How do I know if my tax invoice is GST compliant?A GST-compliant tax invoice must contain specific mandatory information, including:
– Name, address, and GSTIN of the supplier
– Invoice number
– Date of issue
– Name, address, and GSTIN of the recipient (if registered)
– HSN code
– Description of goods/services
– Quantity of goods
– Value after discount
– Rate and amount of GSTUnder this plan, we expect you to provide a summary of invoices (purchase & sale) covering all this information to help us file your GST returns.

📋 What is GSTR-3B?GSTR-3B is a simplified return that businesses need to file monthly. It summarizes sales and purchases along with tax liability.

🔢 I am a wholesaler of sports goods. Do I need to file GST Returns?Yes, if you are registered under GST, you need to file GST returns. By filing these returns, you will be able to claim Input Tax Credit.

🛍️ I am a clothing seller selling through leading e-commerce portals. Which package do I need to apply for GST returns?Currently, you will be required to file GST returns like other businesses until specific guidelines for e-commerce operators are defined. Our package covers this requirement.

🔢 I have three GSTINs. How many returns do I need to file?You need to file returns for each GSTIN separately. For one GSTIN, you need to file three monthly returns and one annual return. Under this plan, we will file GST returns for one GSTIN only. You will need to purchase additional packages for multiple GSTINs.

💰 How do I claim a refund under GST?The processing time for a refund application is typically within **60 days** under the GST model law but could be as early as two weeks. Our experts will assist you with claiming refunds.

🚨 What penalties are applicable for non-compliance under GST?Non-compliance can lead to penalties up to **100%** of the tax amount due. Strict provisions have been implemented under GST laws to deter fraud and tax evasion.