GST Return Filing Services by CredFill
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Simplifying GST Return Filing for Businesses in India
Goods and Services Tax (GST) has revolutionized the indirect tax system in India, requiring businesses to comply with various regulations, including regular GST return filing. At CredFill, we understand the complexities involved in GST return filing and offer comprehensive services to ensure that your business remains compliant with GST laws.
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Understanding GST Return Filing
Under the GST regime, registered taxpayers are required to file various types of GST returns, including monthly, quarterly, and annual returns, depending on their turnover and registration type. These returns contain details of outward supplies, inward supplies, and taxes paid.
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Types of GST Returns
The major types of GST returns that businesses need to file include:
- GSTR-1: Details of outward supplies of taxable goods and/or services.
- GSTR-3B: Summary return of inward and outward supplies, and taxes paid.
- GSTR-4: Quarterly return for composition dealers.
- GSTR-9: Annual return for regular taxpayers.
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Who Should File GST Returns?
All registered taxpayers, including regular taxpayers, composition dealers, and e-commerce operators, are required to file GST returns. The frequency and type of return depend on the taxpayer's turnover and registration type.
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Benefits of GST Return Filing
Filing GST returns offers several benefits, including:
- Compliance with GST laws and regulations.
- Avoidance of penalties and late fees.
- Maintenance of a clean tax record.
- Access to input tax credit.
- Officially verified report of Sales & Purchases.
- Helpful in taking loans from Banks or NBFCs.
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Documents Required for GST Return Filing
To file GST returns, businesses need to have the following documents:
- Sales and purchase invoices.
- Details of outward supplies.
- Details of inward supplies.
- Details of taxes paid.
- Bank statements.
- Input tax credit details.
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Time Taken for GST Return Filing
The time taken for GST return filing varies depending on the complexity of the business and the number of transactions. We prepare and file a GST Return within 24 hours.
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Cost of GST Return Filing
The cost of GST return filing depends on the complexity of the business and the number of returns to be filed. However, our services are competitively priced to ensure affordability for all businesses. Here is a detailed overview of our various plans.
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S.No. Turnover or Sales Monthly Quarterly Annually 1. Nil Return 250 - - 2. Upto 20 Lakh 500 1370 4350 3. More than 20 Lakh upto 50 Lakh 700 1830 6590 4. More than 50 Lakh upto 2 Crore 1000 2590 9360 5. More than 2 Crore upto 5 Crore 1400 3690 13290 6. More than 5 Crore 1900 4970 17890 -
Conclusion
GST return filing is a critical aspect of GST compliance for businesses in India. With our GST return filing services, you can ensure timely and accurate filing of returns, avoid penalties, and maintain a clean tax record. Contact us today to get started and experience a hassle-free GST return filing process.