C GST Returns (GSTR-4) for 1 quarter (inclusive of purchase & sales) for ONE GSTIN
C Filing for B2B and B2C invoices
C Reconciliation for all transactions
C Book-Keeping and Accounting are not part of this package
J Dealers registered under Composition Scheme
Purchase of Plan
Quarterly Delivery of Services
Estimated Time – 7 days
, Purchase and sales register
, Payment challan for GST
Ø Frequently Asked Questions.
Ø Who has to file GST Returns?
Ø In the GST regime, any regular business has to file three monthly returns and one annual return. This amounts to 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 2 & 3 will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
Ø What is a GST Return?
Ø A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that includes:
Ø Output GST (On sales)
Ø Input tax credit (GST paid on purchases) Under this plan, our experts will file your GST Returns
Ø How do I know if I am eligible for composition scheme?
Ø A registered taxpayer, whose aggregate turnover does not exceed Rs seventy five lakh in the preceding financial year. Includes following categories of registered persons
Ø Manufacturers (other than manufacturers of notified goods)
Ø Suppliers of food or any other article for human consumption or any drink (other than liquor)
Ø What returns do I need to file under composition scheme?
Ø A composition dealer will enjoy the benefits of lesser returns & compliance along with payment of taxes at nominal rates. A composition dealer will file only 2 returns:
Ø GSTR-4 is a quarterly return for compounding taxable person. It’s filed on 18th of the month succeeding quarter.
Ø GSTR-9A is an annual Return. It’s filed on 31st December of next financial year.
Ø My client is a manufacturer of some food product and he is also supplying the same in his restaurant so under composition scheme, what is the GST payable?
Ø If you are supplying the food product in packets to the customers, then it will be considered as manufacture and accordingly, 2% GST rate will apply. However, if supply bhajiya to the customers in your restaurants, then 5% GST shall be applicable.