A GST Return is a document containing details of income that 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 include:
Output GST (On sales)
Input tax credit (GST paid on purchases)
Usually, businesses have to file two monthly returns and one annual return. This amounts to 26 returns in a year. There are separate returns required to be filed by special cases such as composition dealers, casual taxable persons, and persons enrolled in reverse charge mechanisms.
a. To file GST returns for clients we shall require the following documents :-
i. Details of Sales transactions for the reporting period including exempt/export invoices.
ii. Details of Purchase transactions for the reporting period.
iii. Details of Credit notes and Debit notes issued for the reporting period.
iv. Details of advances received as well as details of invoices issued against advances issued.
b. Documents can be uploaded to our Document vault in the following formats:-
iii. TBK(Tally Backup file)
v. Excel (xls,xlsx)
Maximum 10 documents shall be allowed and in total not more than 15 MB for one month data upload.
1. Once the package is selected and the payment is complete, your order will be activated in our system. You will receive Login details on your verified contact number and once you log in, your package details will be visible to you in the dashboard.
2. You have to submit your relevant documents to our document vault.
3. We will review your documents and details and prepare a working. Incase of any additional requirements, we will get in touch with the client.
4. GST returns working is usually prepared within 1 day and sent for clients approval. On approval the process of challan preparation and filing of returns shall be coordinated by us.