GST Return Filing

GST Return Filing

Goods & Service Tax

GST is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. This tax will be substitute for all indirect tax levied by state and central government. Exports and direct tax like income tax, corporate tax and capital gain tax will not be affected by GST. GST would apply to all goods other than crude petroleum, motor spirit, diesel, aviation turbine fuel and natural gas. It would apply to all services barring a few to be specified. With the increase of international trade in services, GST has become a global standard. The proposed tax system will take the form of “dual GST” which is concurrently levied by central and state government. This will comprise of:

GST is mandatory/ required:

  • If you are selling goods and services within state and have expected turnover more than 20 lakh rupees in a year.
  • If you are selling goods and service outside state & even have turnover less than 20 lakh rupees in a year.
  • If you are doing ecommerce business online or any service based business online.
  • If you are dealer or trader or manufacturer and your suppliers are registered under the GSTIN already then they would charge the GST on your purchase & if you need the input credit or refund then you are required to have the GSTIN Number.
GST FormDetails to be filedDue Date
GSTR-1Details of outward supplies of taxable goods and/or services effected10th of the next month
GSTR-2Details of inward supplies of taxable goods and/or services effected claiming input tax credit.15th of the next month
GSTR-3Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. 20th of the next month

Call us now @ +91 95515 50000 or
Send us a message