GST Return in Sri Ganganagar

A GST return is a document that businesses registered under the Goods and Services Tax (GST) regime are required to file with the government. It contains details of the business’s sales, purchases, output GST (tax collected on sales), and input GST (tax paid on purchases). GST returns are used by the government to calculate the net tax payable or refundable.

The Goods and Services Tax (GST) is an indirect tax that replaced several Central and State taxes like excise duty, VAT, and service tax. It is a value-added tax levied on most goods and services sold for domestic consumption. The GST is collected from consumers, but businesses are responsible for remitting the tax to the government.

Filing a GST return ensures transparency in the tax system and allows businesses to pay the correct amount of tax, while also availing input tax credits for taxes paid on purchases used in the business. There are various types of GST returns, including GSTR-1, GSTR-3B, GSTR-9, and others, depending on the nature of the business and its turnover.

GST Return Requirements for Small Businesses

  1. If you are supplying goods or services across state borders that are taxable under GST, you must register for GST, regardless of the supply amount. Even a single rupee in taxable supply requires GST registration.
  2. For example, if you are renting computers to a client outside your state for their personal use or providing services across state lines, you must register under GST. In such cases, the entire GST Act applies to your business. This means you will need to file GST returns and adhere to all the rules and regulations outlined in the GST Act.

By ensuring proper GST registration, small businesses can remain compliant and avoid penalties while benefiting from input tax credits and other provisions under the GST law.

LIST OF DOCUMENTS REQUIRED FOR GST RETURN IN SRI GANGANAGAR

If you are the owner of a Proprietorship Company, Arrange these documents 

1 PAN Card of the Business or Applicant

2 Aadhaar Card Of Proprietor

3 Applicant Bank Details

4 Applicant Address Proof

If you are the owner of Partnership/ LLP, Arrange these documents 

1 PAN Card of the Business or Applicant

2 Aadhaar of All Directors

3  Bank Details

4  Address Proof

5 MOA, AOA and Incorporation

6 Partnership Deed/ LLP Certificate

If you are the owner of Private Limited, Arrange these documents 

1 PAN Card of the Business or Applicant

2 Aadhaar of All Directors

3  Bank Details

4  Address Proof

5 MOA, AOA and Incorporation

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PENALTIES INVOLVED UNDER GST ACT

Type of GST OffenceApplicable GST Penalty Amount
Delayed filing of GST ReturnsRs. 200 per day (Rs. 100 per day under CGST and an additional Rs. 100 per day under SGST) up to a maximum of Rs. 5000. Late fee not applicable to IGST unpaid by delayed filing
Not filing GST ReturnsHigher amount among  – Rs. 10,000 or 10% of tax due under GST
Committing FraudHigher amount among – Rs. 10,000 or 100% of tax due under GST (may include jail term for fraud cases of higher value)
Aiding and Abetting FraudRs. 25,000 irrespective of whether offender is GST registered or not
Charging  wrong GSTHigher amount among – Rs. 10,000 or 100% of the tax amount due (applicable only if excess tax is not submitted with the government)
Not issuing an invoiceHigher amount among – Rs. 10,000 or 100% of tax amount due
Issuing incorrect invoiceRs 2500

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