GST RETURN FILING | Legomark India
At LEGOMARK INDIA, we offer expert GST return filing services to ensure businesses remain compliant with tax laws. Filing GST returns is a mandatory requirement for all GST-registered businesses in India, and our team is dedicated to making the process smooth, accurate, and hassle-free.
What is GST Return Filing?
GST return filing is the process where businesses report their sales, purchases, tax collected, and tax paid to the GST department. Businesses must file these returns periodically, depending on their type and turnover. Proper filing ensures transparency in tax collection and helps businesses avoid penalties and claim Input Tax Credit (ITC).
Types of GST Returns
Different businesses need to file different GST returns based on their operations. Here are the most common GST return forms:
GSTR-1: Monthly/quarterly return for outward supplies (sales) of goods and services.
GSTR-3B: Monthly summary return containing details of sales, purchases, and ITC.
GSTR-4: Quarterly return for businesses under the Composition Scheme.
GSTR-5: Monthly return for non-resident taxable persons.
GSTR-6: Monthly return for Input Service Distributors.
GSTR-7: Return for Tax Deducted at Source (TDS) under GST.
GSTR-8: Monthly return for e-commerce operators.
GSTR-9: Annual return summarizing all GST filings of the year.
Why is GST Return Filing Important?
Legal Compliance: Filing GST returns is mandatory under Indian law.
Claim Input Tax Credit (ITC): Helps businesses reduce their tax liability.
Avoid Penalties: Late filing leads to hefty fines and interest charges.
Ensures Transparency: Helps maintain accurate business records and compliance.
Who Needs to File GST Returns?
Businesses registered under GST, regardless of turnover, must file returns. This includes:
Regular Taxpayers: Businesses exceeding the turnover threshold.
Composition Scheme Taxpayers: Small businesses under the GST Composition Scheme.
E-Commerce Operators: Those selling through e-commerce platforms.
Non-Resident Taxable Persons: Businesses operating temporarily in India.
TDS/TCS Taxpayers: Entities deducting or collecting GST at source.
Documents Required for GST Return Filing
To ensure a smooth GST filing process, you’ll need the following documents:
1. Sales Invoices
Details of outward supplies (sales)
Invoice number, date, and GST collected
2. Purchase Invoices
Invoices for claiming ITC
GST paid on purchases
3. GST Payment Challans
Proof of GST payments made
E-payment receipts from the GST portal
4. Bank Statements
To verify business transactions
5. GSTR-1 and GSTR-3B Details
Outward supply details (sales)
Monthly/quarterly summary of tax liabilities
6. HSN/SAC Code Details
Classification of goods/services for tax filing
7. Credit & Debit Notes (if applicable)
Adjustments for returned goods or discounts
8. Financial Statements
Profit & Loss account and balance sheet
GST Return Filing Process at LEGOMARK INDIA
We make GST return filing simple and hassle-free. Here’s how it works:
Document Collection: We gather all necessary details and invoices.
Verification & Review: Our experts check for accuracy and compliance.
GST Return Filing: We file your returns on time with the GST portal.
Acknowledgement & Confirmation: You receive a GST filing reference number (ARN) upon successful filing.
Ongoing Support: We ensure timely filing for all future GST returns.
Why Choose LEGOMARK INDIA for GST Filing Services?
Expert Professionals: Our team ensures accurate and timely GST filing.
Comprehensive Services: From GST registration to return filing, we handle it all.
On-Time Filing: Avoid penalties with our timely submission.
Affordable Pricing: Competitive and transparent fees.
Complete Transparency: No hidden charges or errors in filing.
