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What​‍​‌‍​‍‌ is GST Filing and Why Is It Important?

GST filing refers to the process by which a person/business declares to the government all sales, purchases, taxes collected, and taxes paid. In short, businesses registered under GST are mandatory to file GST returns.

Filing GST returns is a way of staying within legal parameters in the tax department and thus avoiding penalties. In fact, it also plays the role of protector against any potential delays in the processing of refunds arising from your returns. Furthermore, when your returns are proper and wholesome, you will be able to make Input Tax Credit claims without any inconvenience and have a good financial statement.

Your Law Place specialises in speedy, accurate GST return filing services online, along with total GSTR-1, GSTR-3B, and annual returns management. We intend to deliver perfectly error-free, seamless, and stress-free GST filing for every business, as well as provide assistance with GST cancellation whenever required.

Why Is GST Return Filing Necessary for Every Business?

Stay Legally Compliant

By filing your GST returns on time, you are playing by the rules of the government and thereby avoiding the penalties, notifications, and interest on taxes that have not been paid.

Claim Input Tax Credit

If you file your returns appropriately, then you will be able to receive Input Tax Credit (ITC), which will lower your net tax payment and will be very helpful in managing cash flow.

Build Business Credibility

The business that demonstrates such behaviour by the constant and accurate filing of returns is the one to be trusted more by the suppliers, clients, investors, and banks. At the same time, it becomes easier to go through audits and financial reviews.

Get GST Refunds on Time

In cases where your GST returns are filed regularly, you will be able to see your refund requests executed without difficulty and promptly instead of being held because of missing ​‍​‌‍​‍‌returns.

Types of GST Returns We Handle

GSTR-1

This return reflects all your outward supplies or sales for the month or quarter. Handled by experts for complete accuracy.

GSTR-3B

A monthly summary return that contains total sales, total purchases, Input Tax Credit, and tax payable. Prepared with accurate calculations.

GSTR-9

Annual return summarising the monthly filing and financial details about the year. Maintained with due accuracy to ensure compliance.

GSTR-4 and GSTR-9C

Composition taxpayers and those requiring audit returns. Prepared by professionally trained GST professionals to avoid mistakes.

GST Refund Filing

We assist in the filing of refund applications relating to excess input tax, exports, or cancelled transactions, ensuring speedier processing and full documentation.

Our​‍​‌‍​‍‌ 5-Step GST Filing Process

Step 1: Share Sales and Purchase Data

Send us your invoices, records of sales, purchase details, and tax information for that period.

Step 2: Verification and Reconciliation of Data

Our people look over every single input to spot any mismatches or errors and rectify them if found before the filing is done.

Step 3: Drafting GSTR-3B and GSTR-1

We do the returns of your business following GST regulations, and also do the correct tax calculation and ITC claim.

Step 4: Link the GST Return with the Internet

We upload your return to the GST portal with all the necessary security measures, followed by verification of the successful filing.

Step 5: Assistance in GST Refund and File Confirmation

We send you the confirmation for the filing done, and if you like, we can help you apply for or check the status of your GST refund.

Documents Needed for GST Filing

• GSTIN and its login credentials
• Invoices for the sales and purchases
• Details of the Input Tax Credit
• Expense bills and debit notes
• Bank statements
• Previously filed GST returns

Deadlines for Filing GST Return and Late Fee Penalties

Depending on the nature of your business, you are required to file GST returns:

• GSTR-3B: Please file by the 20th of the next month.
• GSTR-1: Please file by the 11th if monthly or 13th if quarterly
• GSTR-9: Please file no later than 31st December annually

After the due date, filing can result in a fine:

• ₹50 per day for late submission
• ₹20 per day for nil returns

Submitting your paperwork on time is very necessary if you want to be free from any fines and notices.

The Important Advantages of Online GST Filing

No Fuss and Very Fast

It can be done online, thus saving you time, and you don’t need to come to the office or bring the paperwork.

Right Calculation and Reconciliation

The professionals put all figures in order, thus lowering the possibility of errors and subsequent warnings.

Prompt Updates on Filing

You can monitor at each stage your return is, i.e., whether it is being made, done or on paper.

Giving Support for Refunds on Time

Approved refunds can be expected as a result of proper and punctual filing.

Professional GSTR-3B and Other Return Checks

The returns you submit are vetted by experienced ones to be free of ​‍​‌‍​‍‌errors.

Why Should People Opt for Your Law Place to Have Their GST Filed?

Skilled GST And Income Tax Experts

Experts who are proficient in GST and have many years of experience handle the returns.

Clear GST Filing Fee

We offer good value for money services, and our prices are plain and without any surprise costs.

Complete GST Filing Services

First, we check your data and then submission of the return is done by us.

Return Status Monitoring in Real-Time

The progress in your GST return filing will be known to you at all times.

Help With GST Refunds and Rectifications

Mismatches are solved, correct filings are done, and refunds are processed by us.

Support With GSTR-3B, Annual and Nil Returns

We take care of all kinds of GST returns and do it with full precision.

Don't Commit the Following Mistakes When Filing Your GST

• Discrepancy between sales and purchase invoices
• Failure to claim Input Tax Credit
• Errors in GSTR-3B
• Returns submitted late
• Not doing reconciliations with GSTR-2A or GSTR-2B

Our professionals take care of the filing to be both done on time and accurately so that these problems will not ​occur.