The Goods and Services Tax (GST) law now governs the major portion of India’s indirect tax system. Registered suppliers must regularly fulfill compliance requirements, which vary based on turnover and activities. Online GST return filing allows taxpayers to report to the Goods and Services Tax Network (GSTN) about their supply transactions and tax payments. Taxpayers must also pay the tax collected from outward supplies, adjusted for Input Tax Credit (ITC).
Advantages of Income Tax Return Filing:
- Seamless ITCC flow
- Avoid penalties and interest
- Score higher compliance ratings
- Simple and common form for all taxes
We at Wise Tax Filings make it easy and inexpensive to file your GST returns. With expert support along with timely and accurate filings, we have made it hassle free for you to get started.
Documents Required for GST Returns Filing:
GST Certificate
GST Registration Certificate of the individual/entity filing the return.
Digital Signature
DSC of Authorised Partner or Director, in case of LLP and Company only.
Login Credentials
GST Log-in credentials of the registered individual/entity.
Bank Details of Supplies
Details of the inward and outward taxable supplies along with the invoice details.
GST Return Types:
Details of outward supplies
GSTR – 1
Details of inward supplies (Suspended temporarily)
GSTR – 2
Finalised details of the supplies with payment of taxes
GSTR – 3
Quarterly return by Composition Taxpayers
GSTR – 4
Return by Non-Resident Foreign Taxpayer
GSTR – 5
Monthly return by Input Tax Distributor (ISD)
GSTR – 6
Monthly return by Tax deductor
GSTR – 7
Monthly return by e-commerce operator
GSTR – 8
GST Annual Return for normal taxpayers
GSTR – 9
File ITR in 3 easy steps:
1. Answer quick questions
Pick a package that best fits your requirements. It takes less than 5 minutes to fill our questionnaire. Provide basic details & documents required for registration along with making payment.
2. Experts will be there to help
A relationship manager will be assigned to assist you for reconciliation of the information. Your return will be prepared along with acknowledgement of filed return.
3. Your GST return is filed.
It only takes 2-3 working days!
Day 1 – Collection
- Information collection from the details shared by the taxpayer manually or from dedicated GST ready Accounting Software
- Documentation and reconciliation of the information filed
Day 2 – 3 – Execution
- Preparation of GST return
- Payment of tax by the taxpayer, if required
- Online GST return filing
- Acknowledgment of filing the GST Returns
Frequently Asked Questions:
Is everyone supposed to file GST returns or are there any exemptions?
Every registered dealer, whether being a normal supplier or otherwise must file the return based on the transactions or activities involved in the business. Non-filing of the same may lead to default and may attract a penalty or additional fees.
What are the modes of payment for GST?
Tax Payment or any penalty, fees, etc. are accepted through the following modes;
- Internet Banking
- NEFT or RTGS
This amount shall be credited to the electronic cash ledger of the registered dealer.
What is the significance of all these returns?
By filling the returns with the Government, the information and details will be intimated to the Government. Further, the data provided will measure the liability of the Tax-payer. Also, returns filing help you claim the eligible Input Credit. In addition to which the regular filing will count on higher rating in the GST Compliance Rating.
More Questions? Our Experts are here to help, fill out the form on this page or
Call us at: 1800 123 0000 or Email us: hello@wisetaxfilings.com