GST
The Jain TaxTech team comprises experts well-versed in Goods and Service Tax knowledge, simplifying the GST registration process for you.
With dedicated GST Return Consultants, we address all your queries regarding GST, from understanding its fundamentals to whether you need to register, what follows after registration, the payment process, and more.
Our services encompass all three GST Compliances, catering to Regular, NIL Filing, and Composite Scheme requirements. Our experts guide you on the specific type of GST Return that aligns with your obligations. Jain TaxTech offers GST Registration through lite, basic, standard, and customized packages.
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GST Registration
LLP ITR / ROC Compliances
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GST Compliances
GST Compliances (NIL Filing)
Businesses with an annual turnover of up to Rs 1.5 crore have the option to choose the composition scheme. In this scheme, the turnover of all businesses under the same PAN is aggregated to determine eligibility. For filing returns under the composition scheme, businesses need to submit a quarterly return, specifically GSTR-4, along with an annual return in the form of GSTR-9A. It’s important to note that only one return, GSTR-4, is required on a quarterly basis, simplifying the compliance process for eligible businesses.
GST Compliances (Regular)
Matter-of-factly, it is mandatory for a dealer to file a return, even when business activity is absent for a month, signifying no sales. The protocol dictates that, in the absence of outward supplies, the dealer is required to submit a Nil GSTR-1 return.
GST Compliances (Composite Scheme)
Businesses are required to file both monthly and quarterly returns, contingent on their turnover. The monthly returns encompass the manual entry of details into GSTR-1 and GSTR 3B. For GSTR-1, businesses need to manually input the necessary information. However, GSTR 2 and GSTR 3 are auto-populated by extracting data from the GSTR-1 filed by the business and their vendors. Additionally, businesses are obligated to file an annual return, completing the spectrum of regulatory compliance.
Types of GST Returns
List of all the returns to be filled under GST laws with form description ,interval period and due date-For Regular Business
Return Form
Particulars
Interval
Due date
GSTR-1
Disclosure of outward supplies of taxable goods and/or services. Its applicability extends to taxpayers with an annual turnover surpassing Rs. 1.5 crores in the preceding year.
Monthly
10th of the next month than Rs.1.5 crores in previous year
GSTR-2
This return captures details of taxable goods/services received, enabling the claiming of input tax credit.
Monthly
15th of the next month
GSTR-3
This monthly return entails reporting details of both outward and inward supplies, inclusive of tax payments.
Monthly
20th of the next month
GSTR-9
Annual return
Annually
31st December of next financial year
GSTR-3B
Returns for the months up to March 2024
Monthly
20th of the next month
Note - If the turnover of the tax payer is less than Rs.1.5 crore in the previous financial year, then he or she has to file quarterly returns via Form GSTR-1.
Using Composition Scheme :
A dealer under the Composition Scheme enjoys benefits such as reduced returns, minimal compliances, and payment of tax at nominal rates. They are required to file only two returns.
Return Form
Particulars
Interval
Due date
GSTR-4
The return for a compounding taxable person
Monthly
18th of the month succeeding quarter
GSTR-9A
Annual return
Monthly
31st December of the next financial year
Returns Filed By Certain Specific Registered Dealers :
Return Form
Particulars
Interval
Due date
GSTR-5
Return for Non-resident taxable person
Monthly
20th of the next month
GSTR-5
Return for Non-resident persons providing OIDAR services
Monthly
20th of the next month
GSTR-6
Return for input service distributor
Monthly
13th of the next month
GSTR-7
Return for input service distributor
Monthly
10th of the next month
GSTR-8
This involves reporting the details of supplies made through an e-commerce operator and the corresponding collection of the tax amount.
Monthly
10th of the next month
GSTR-10
Final Return
When registration is cancelled or registered
Within 3months from the date of cancellation
GSTR-11
Details of inward supplies must be furnished by a person holding a Unique Identification Number (UIN) and seeking a refund.
Monthly
Within 3months from the date of cancellation
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