Filing GSTR 1, 3B returns for 1 Financial Year. Opt for this plan and get all filing and compliance taken care of For Businesses having Business Turnover upto Rs. 2 Crores
FAQ's on GST Filing- GSTR1 and 3B for 1 Year(For Turnover upto 2 Crore)
A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that includes: Purchases Sales Output GST (On sales) Input tax credit (GST paid on purchases) Under this plan, our experts will file your GST Returns
In the GST regime, any regular business has to file two monthly returns and one annual return (if the turnover exceeds Rs. 2 Crores). This amounts to 24 returns in a year. The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other return – 3B will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs.
A tax invoice is generally issued to charge the tax and pass on the input tax credit. A GST compliant tax invoice is a bill which will have 16 mandatory information some of which are: Name, address and GSTIN of the supplier Invoice number Date of issue Name, address and GSTIN of the recipient (if registered) HSN code Description of the goods/services Quantity of goods Value after discount Rate and amount of GST
GSTR 3B is a simple return that businesses need to file every month for a regular taxpayer. Filing schedule for GSTR Forms: GSTR-3B for every month needs to be filed on or before 20th of the next Month. GSTR-1 for every month needs to be filed on or before 11th of the next month.
Yes, GST retuns have to be filed irrespective of transactions made.
You need to file GST returns for every GSTIN. So for one GSTIN, you need to file 2 returns every month.
B2B invoices are invoices of taxable supplies made to registered taxpayers is considered as B2B
Supply is made interstate, and Total invoice value is more than Rs 2,50,000/-