You can easily complete GST Return Filing by Accountant firm registration online through Compliance Gurukul. For a sole GST Return Filing by Accountant registration, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:
Once, you have registered for the GST Return Filing by Accountant firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.
GST return filing is a mandatory compliance process for businesses registered under the Goods and Services Tax (GST) regime, introduced in 2017. This process involves reporting business transaction details and tax information, thereby helping to standardize the GST framework and ensure proper tax collection and credit allocation.
The filing process includes submitting data on sales, purchases, output GST (tax collected on sales), and input tax credit (ITC) from purchases. Businesses are typically required to file GST returns monthly, quarterly, or annually, depending on their turnover and specific GST filing category. Each GST return summarizes details from invoices, receipts, payments, and other relevant financial transactions. To avoid penalties and maintain compliance, it is crucial for taxpayers to file their GST returns by the specified due dates.
Outsource your GST compliance to Compliance Gurukul to ease your compliance burden and focus your efforts on growing your business. With Compliance Gurukul, your GST compliance will be maintained on the LEDGERS GST platform, providing you access to live business data - anywhere, anytime. LEDGERS can also seamlessly sync and work with other online and offline applications you regularly use
When GST return filing online is outsourced to Compliance Gurukul, a dedicated GST advisor is assigned to the business with a reasonable GST filing cost.
This dedicated advisor would reach out to you every month and collect the necessary information, prepare the GST returns, and help in filing the GST returns.
Here are some of the benefits of timely GST returns filing:
Irrespective of the tax liability, all businesses registered under the GST Act should file their GST returns online. Failure to file GST returns on time may result in penalties and interest at a rate of up to 18% per year. Late fees of ₹100 up to ₹5000 are being charged for late filing.
Filing GST returns before the deadline helps to avoid notice from the GST department and maintains compliance. Any regularities or inconsistencies in filing returns may reflect negatively on business compliance.
Filing GST returns on time helps businesses claim input tax credit. This allows them to easily deduct payable tax on overall sales and the tax paid on purchases. Businesses can use this credit by filing GST returns on time.
On-time GST returns reflect the commitment of the business entity to comply with the rules and regulations of the government. It also establishes a reputation for being responsible and trustworthy. This has a positive impact on consumers' partners and stakeholders when it comes to investment.
Here is a list of checklists for GST return fillings. Filing your GST returns online requires you to submit multiple documents and individuals clear cutting information on ITC claims.
Here is a list of eligibility criteria for GST return fillings. Business owners and dealers registered under the Goods and Service Tax Act 2017 should file for GST returns accordingly based on the nature of the business and transaction. The following entities should definitely file for GST returns:
Here is a list of documents required for GST return filings: