Filing Goods and Services Tax (GST) returns is a crucial responsibility for businesses registered under India’s GST system. It involves reporting sales, purchases, and tax liabilities to the government, ensuring compliance and transparency.

Types of GST Returns:

Depending on your business type and turnover, various GST returns may apply:

• GSTR-1: Details of outward supplies (sales), filed monthly or quarterly.
• GSTR-3B: A monthly summary return capturing details of sales, purchases, and tax liabilities.
• GSTR-4: A quarterly return for businesses under the Composition Scheme.
• GSTR-9: An annual return summarizing all monthly or quarterly returns filed during the financial year.

Filing Process:

1. Maintain Accurate Records: Keep detailed accounts of all sales, purchases, and tax transactions.
2. Invoice Verification: Ensure all invoices are accurate and match your records.
3. Calculate Tax Liability: Determine the GST payable after accounting for eligible input tax credits.
4. Select the Appropriate Return Form: Choose the correct GST return form based on your business classification and turnover.
5. Online Submission: Log in to the GST portal and fill in the required details in the chosen form.
6. Payment of Tax: Pay any tax due using the available online payment methods.
7. Confirmation: After submission and payment, ensure you receive an acknowledgment for your records.

Consequences of Non-Compliance:

Failing to file GST returns on time can lead to penalties, interest charges, and suspension of your GST registration. It’s essential to adhere to deadlines to avoid these issues.

Benefits of Timely Filing:

• Legal Compliance: Ensures your business adheres to tax laws, avoiding legal complications.
• Input Tax Credit (ITC): Timely filing allows you to claim eligible ITC, reducing your tax liability.
• Business Reputation: Maintains your credibility with stakeholders and authorities.

How Legal Bharat Services Can Assist:

Navigating GST return filing can be complex. Legal Bharat Services offers expert assistance to simplify this process:

• Expert Consultation: Our team provides guidance tailored to your business needs.
• Document Preparation: We handle the paperwork, ensuring accuracy and compliance.
• Timely Filing: Our professionals ensure your returns are filed within stipulated deadlines.

Our Packages:

• Basic Package (₹1,499): Includes filing of one GSTR-3B or GSTR-1 return, bookkeeping, a dedicated accountant, and services for two months.
• Standard Package (₹4,999): Offers filing of one GSTR-3B or GSTR-1 return, bookkeeping, a dedicated accountant, and services for six months.

Getting Started:

1. Consult Our Experts: Reach out to discuss your requirements.
2. Provide Necessary Information: Share the required documents and data.
3. Filing Execution: We complete the filing process and provide you with the necessary confirmations.

For a seamless GST return filing experience, contact Legal Bharat Services today. Our team is dedicated to ensuring your compliance and peace of mind.