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GST Returns-Tax Filling Services

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Title: GST Returns-Tax Filling Services


1
www.taxfillingindia.com/
- BEST IT CONSULTANCY IN HYDERABAD -
2
CONTENTS
www.taxfillingindia.com
3
What is GST Return?
GST return is an official document that furnishes
all the purchases, sales, tax paid on purchases,
and tax collected on sales-related details. The
GST returns is required to be filed, following
which the taxpayer has to pay off the tax
liability.
www.taxfillingindia.com
4
Who should file GST Returns?
GST returns has to be filed by all the business
entities who are registered under the GST system.
The filing process has to be identified on the
basis of the nature of the business. The
registered dealer who part of the following
activities needs to file a GST return 1.Sales 2.
Purchase Output Goods and services tax (on
Sales) 4.Input Tax Credit with GST paid on the
purchase
www.taxfillingindia.com
5
How to File GST Returns Online?
From manufacturers and suppliers to dealers and
consumers, all taxpayers have to file their tax
returns with the GST department every year. Under
the new GST regime, filing tax returns has become
automated. GST returns can be filed online using
the software or apps provided by Goods and
Service Tax Network (GSTN) which will
auto-populate the details on each GSTR forms.
www.taxfillingindia.com
6
Penalty for late filing of GST Returns
A penalty will be levied on the taxpayer in case
he/she fails to file the returns on time. This
penalty is called the late fee. As per the GST
Law, the late fee is Rs.100 for each day for each
Central Goods and Services Tax (CGST) and State
Goods and Services Tax (SGST). Thus, the total
fine amount will be Rs.200 per day. However, this
rate is subject to changes which will be
announced through notifications
www.taxfillingindia.com
7
TaxFillingIndia Pvt Ltd 22-43/1, Vijaya
Nagar Near Patel Kunta Park Kukatpally,Hyderabad
500072 contact_at_taxfillingindia.com 91
9177706025 91 9177 706 025
www.taxfillingindia.com
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