Who ever registered under GSTIN is always require to file GSTR File Monthly, Quarterly, Annually as per conditions provided in law of GST department to avoid penalties. There are various forms for different types of business registered under different schemes. Most importantly if a business want to avail Input tax credit it has to submit the form on time.
Under GST Compliances our team provide filing of all mandatory forms on monthly, quarterly and annual basis. A part from this we also provide the facility to prepare the computation in the format provided by the department. For proceeding our team provide a prescribed format to get the sale, purchase & other transections to the client. In addition to this, as per the requirement of client we also provide consultation, in case any required
Before proceeding for GST compliance we need few input from clients side like his business GST number, invoice details, taxable value of supplies, GST rate, amount of IGST,CGST, SGST, details of applicability of reverse charge if any, details about availability of input tax credit to set off output taxes, summary of debit notes and credit notes, monthly transection details of sales & purchase, inventory details stock details, account and ledger balances, reconciliations, etc.
For GST compliance we need input like GSTIN login credentials, data of transection done throughout the month for which the form is to be prepared. After receiving these details we prepare the computation and create challan for tax payment if there is a due. After payment is done we submit the computation to the department through the form prescribed. The final submissions needs DSC/OTP by Authorized person. As GST compliance includes filing of different forms & deadlines for these forms are also different, so we take care of the deadlines. Time required for execution and filing of return depends on the smooth functioning of GST portal. After receiving all the required input from the client side, it usually takes 3-4 days to file the compliance, if there is no site technical glitches or issues.
Read our Service term here
Under GST compliance we provide services of computation and filing of existing mandatory forms with GST department, but it does not include filing of any new forms, if any, launched by the department at a later stage. It does not include a visit to the department, if any required with respect to GST filing. Apart from this it also does not include preparation of financial statements & any reply to Notice served by the department and any type of GST audit etc.
It will Create Recurring Responsibility
GST compliances are a mandatory legal requirement which has to be complied with before the due date to avoid penalties and legal consequences. Even in case of only one GST registration overall annual penalty can be very high. So every GST registered business must get their forms filed on time for which you need to renew your Filing Package on time without delay. Cost of delay in package renewal can be even bigger than the entire annual cost of GST filing, so its advisable to renew your GST compliances before anything.