Gsagroups provides a GST return filing service by an accountant: GST return filing by an accountant involves the preparation and submission of periodic tax returns to the government on behalf of a business or taxpayer. It promises GST compliance and avoids sanctions.
Types of GST Return Filing:
1. Regular Taxpayers:
- GSTR-1 – Foreign Sales (Monthly/Quarterly).
- GSTR-2A – Details of inward supply will be filled automatically (refer to only).
- GSTR-3B is the monthly summarized return of sales, purchases, input tax credit (ITC), and tax payment.
- GSTR-9 – Annual return describing all transactions for the year.
- GSTR-9C is an audit report for companies with a turnover of more than ₹5 crore.
2. Mixture Scheme Taxpayers:
- CMP-08 mandates quarterly tax payments for composition dealers.
- GSTR-4: Annual return for composition scheme taxpayers.
3. E-commerce Companies:
- GSTR-8 – Monthly return for e-commerce operators, subtracting TCS (Tax Collected at Source).
- GSTR-5 is a monthly return for non-resident taxable people.
- GSTR-5A is for OIDAR (Online Information Databases Access & Retrieval) services provided by overseas firms.
5. Input Service Providers (ISD):
- GSTR-6 is the monthly return for ISDs to provide input tax credits.
6. TDS Deductors (Government & Certain Businesses):
- Must file GSTR-7, a monthly return for tax extracted at source. gsagroups.in
gsagroups follows the process of filing a GST return by an accountant:
1. Data Collection and Verification:
- Collect sales, purchase, and expense invoices.
- Verify the accuracy of input tax credit (ITC) claims.
2. Prepare GST returns utilizing accounting software or portals:
- Ensure that tax calculations are accurate.
3. Filing GST Returns through the Internet:
- Log in to the GST site (www.gst.gov.in).
- Upload the appropriate return forms (GSTR-1, GSTR-3B, etc.).
- Check the details before submitting.
4. Payment for GST:
- Calculate tax responsibility.
- Pay taxes using net banking, NEFT, or RTGS.
5. Recognition and Compliance:
Ensure timely filing and download confirmation.
Keep records for inspections and future reference.
gsagroups provides best Accounting to file the following types of GST returns:
1. GSTR-1 (Monthly/Quarterly) – It meeans that the Details are on outward supply.
2. GSTR-3B (Monthly): It means the Summary of return for tax payment.
3. GSTR-9 (Annual) – It means the Annual return containing a summary of all transactions.
4. GSTR-4 (Quarterly): It means the structure for scheme taxpayers.
gsagroups provides the best advantages for GST Return tax filing accountant:
1. Error-free filing: It Reduces the likelihood of accounting errors, improper classifications, and missing input tax credits.
2. Compliance with GST Laws: Maintains GST regulations to prevent penalties and legal difficulties.
3. Maximize your ITC (Input Tax Credit): Can claim by appropriately reporting purchases and costs.
4. Accountants timely filing of taxes: to avoid late fees and penalties.
5. Handling complex transactions: Useful for enterprises with multiple GSTINs, interstate transactions, or unusual GST scenarios (RCM, e-commerce, etc.).
6. Inspection and Record keeping: Maintains correct paperwork and records for future investigations and inspections.
7. Improved Financial Planning: It Enables organizations to effectively manage cash flow and taxes.
8. Representation in the Case of Notices: Accountants are capable of handling GST notices and clarifications. gsagroups.in
