C
o
n
t
a
c
t

GST Filing

Goods & Services Tax (GST) apply to all Indian service providers (including freelancers), traders and manufacturers, once their supply turnover crosses Rs. 20 lakh. The GST is an all-in-one tax that State and Central Taxes. GST is to be charged at every step of the supply chain, with complete set-off benefits available. The procedure for GST is completely online and requires no manual intervention. There will also be a composition scheme under GST for businesses with a supply turnover of less than Rs. 50 lakh. GST is applicable to Entities in special category states with an annual turnover of Rs.10 lakhs and above. There are three type of taxes SGST ( State Goods and Service Tax), CGST ( Central Goods and Service Tax ), IGST ( Integrated Goods and Service Tax ). In case the applicable entities to GST registration, if not get the GST registration, penalty proceeding will be imitated by the department.

Advantages

SINGLE TAX

GST is a singleTax and Tax on Tax will be eliminated. Several Auxiliary Taxes will be removed in Single Tax.

Same price

All the goods and services will be given at same price in all the states. As the tax rate will be equal in all over India.

Lesser Compliance Filing

The entrepreneurs need to submit the returns with Sales Tax Department, Service Tax Department, Central Excise Department. The obligation for filing the returns in GST is reduced as the entrepreneurs has to file the return under GST act.

Return Form What to file? By Whom? By When?
GSTR-1 Details of outward supplies of taxable goods and/or services effected Registered Taxable Supplier 10th of the next month
GSTR-2 Details of inward supplies of taxable goods and/or services effected claiming input tax credit. Registered Taxable Recipient 15th of the next month
GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. Registered Taxable Person 20th of the next month
GSTR-4 Quarterly return for compounding taxable person. Composition Supplier 18th of the month succeeding quarter
GSTR-5 Return for Non-Resident foreign taxable person Non-Resident Taxable Person 20th of the next month
GSTR-6 Return for Input Service Distributor Input Service Distributor 13th of the next month
GSTR-7 Return for authorities deducting tax at source. Tax Deductor 10th of the next month
GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected E-commerce Operator/Tax Collector 10th of the next month
GSTR-9 Annual Return Registered Taxable Person 31st December of next financial year
GSTR-10 Final Return Taxable person whose registration has been surrendered or cancelled. Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11 Details of inward supplies to be furnished by a person having UIN Person having UIN and claiming refund 28th of the month following the month for which statement is filed

SERVICE TAX STATUTORY OBLIGATIONS

For all those who have a liability to register themselves, if fails to do the same than under section 75A of the finance act 1994 penalty for the failure of an assessed to get himself registered was fixed at Rs. 500/- as a onetime payment but subsequently this section was deleted by the virtue of the finance act 2004 and now the general penalty that is applicable is Rs. 1000/- as per section 77 of Finance act.

Documents required

  • 1

    Documents for Company

    • PAN
    • Rental Agreement
    • Bank Statement
    • EB receipt
    • Resolution Copy in case of Company
  • 2

    Documents for Owners

    • PAN
    • Voter ID / Passport/ Driving License / Aadhar Number
    • Photo – 2 Nos
    • ATTESTATION
    • Documents to be attested
  • 3

    REGISTRATION

    • ST-2 will be issued by the department.

Business Plan

Basic

Rs.599/-

  • Nil return
  • Form GSTR1, GSTR2, GSTR3B

Standard

Rs.799/-

  • Form GSTR1, GSTR2, GSTR3B
  • less than 30 Invoices

Advanced

Rs.1,200/-

  • Form GSTR1, GSTR2, GSTR3B
  • Less than 100 Invoices

HOW LONG DOES IT TAKES?

1 DAY

Collection of Documents

1 DAY

Preparation of Application

1 DAY

Submission of Application

1 DAY

Certificate of NSIC Registration

Frequently Asked Questions

What is the GST?
The GST stands for Goods and service Tax. The GST brings all the indirect taxes under a single tax regime at the national level.
What does mean composition scheme under GST?
GST also has an optional scheme of lower taxes for small businesses with turnover between Rs. 20 to 50 lakhs. It is called the composition scheme. It has now been proposed to be increased to 75 lakhs. This will bring respite from tax burdens to many small businesses.
Input tax available in GST Filing?
Input tax mechanism is followed in GST. A dealer has to pay the tax liability after utilizing the input credit on purchasing of goods or service received.
Who will register the GST?
Any supplier who carries on any business at any place in India and whose aggregate turnover exceeds threshold limit as prescribed above in a year is liable to get himself registered.
Can a person without GST registration claim ITC and collect tax?
No. A person without GST registration can neither collect GST from his customers nor claim any input tax credit of GST paid by him.
Is there a provision for a person to get himself voluntarily registered though he may not be liable to pay GST?
Yes, in terms of Sub-section (3) of Section 19, a person, though not liable to be registered under Schedule III, may get himself registered voluntarily, and all provisions of this Act, as are applicable to a registered taxable person, shall apply to such person.

© CopyRights 2017 ClearFilings. All Rights Reserved.

Developed By: ECPHASIS INFOTECH