Esarwa | GST Returns

GST Returns

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.

Types of GST Returns covered by us
a. GSTR 3B & GSTR 1 are the most commonly to be filed returns.
GSTR-1 is the return to be furnished for reporting details of all outward supplies of goods and services made, i.e. sales transactions made during a tax period, and also for reporting debit and credit notes issued. Any amendments to sales invoices made, even pertaining to previous tax periods, should be reported in the GSTR-1 return.
GSTR-1 is to be filed by all normal taxpayers who are registered under GST. It is to be filed monthly, except in the case of small taxpayers with turnover up to Rs.1.5 crore in the previous financial year, who can file the same on a quarterly basis.

b. GSTR-3B is a monthly self-declaration to be filed, for furnishing summarized details of all outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid.
GSTR-3B is to be filed by all normal taxpayers registered under GST.

Documents Required

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:-
i. Jpeg,jpg
ii. PDF
iii. TBK(Tally Backup file)
iv. ZIP
v. Excel (xls,xlsx)
Maximum 10 documents shall be allowed and in total not more than 15 MB for one month data upload.

Our Process @ ESARWA

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.