GST Annual Return Filing
GST annual filing (GSTR-9) is filed annually by taxpayers who are registered under the GST. Annual tax consists of outward supplies, inward supplies, tax liability and input tax credit which is availed in that financial year. The restrictions not to pay annual GST restrictions have been imposed on composition Dealers, Input Service Distributors, Tax Deductor, Tax Collector, Casual taxable person and Non-resident taxable person. Penalty and long-term litigations have been imposed if the details mentioned is incorrect.
Under recent changes in GST annual return filing, threshold have been increased to Rs 5 crore for filing GST annual return and audit compliance, which will help small businesses in ease compliances. Different forms for annual return filing are GSTR-9, GSTR-9A and GSTR-9B. Regular taxpayers files form GSTR-9, whereas GSTR-9A are for those who are under GST’S composition scheme. Other form i.e. GSTR-9B to be filed by the ecommerce operators.
We are offering most trusted end to end GST services starting from registration to return filing. Our dedicated team can also help you file your GST annual return as per your business requirements at a reasonable price.
Benefits
- Annual filing causes less compliance costs to the business.
- Annual filing helps in maintaining book records in financial institutions resulting in providing good picture of the business.
- GST annual filing prevent you from being in any future discrepancies list.
- Big businesses need suppliers with good compliance score. Annual GST returns helps in maintaining good compliance rating.
Information required for GST Return Filing
- -Copy of GST Purchase Invoices
- -Copy of GST Sales Invoices
Documents required for GST Annual Return Filing
- Owner’s PAN card
- Owner’s Aadhaar card
- Owner’s photograph
- Proof of address
- Bank account details
- Customers GSTIN
- Type of Invoice
- Place of Supply
- Invoice Number
- Invoice Date
- Taxable Value
- GST Rate
- Amount of IGST applicable
- Amount of CGST applicable
- Amount of SGST applicable
- Amount of GST cess applicable
- If GST Reverse Charge is applicable
FAQ
1What is LPP?
The LPP stands for Limited Liability Partnership it is a better version of a general partnership firm. It is governed by limited liability partnership act 2008.
2 What are the minimum required partners to start LPP?
Minimun 2 Partners are required to start a LPP. There are no limit on the mximum number of in a LPP.
3How much investment is required to start a LPP?
Unilike a private ltd company no minimum capital required to start a LPP.
4 What is the legal proof of LPP Firm?
A legal proof of LPP is certificate incorporation as well as LPP agreement.
5 What is LPP agreement.?
LPP agreement is similar to a partnership deed where all the rights, liabilities and share of profit and loss are mentioned/drafted.
6Can I name my LLP whatever I want?
Name allotment as desired by you is wholly a discretionary power of ROC. Normally ROC is allot your desired business name if it is unique and not resemblinding with any existing company/LPP.
7 Is DSC required for LPP firm?
Yes, DSC of an authorised director is required while in corporating an LPP.
8 Do you provide this service in my town?
Yes, Charted Help is an online platform serving all over india no matter wherever you are doing your business all you need is internet connection on your mobile or desktop and we are ready to get your done.
9 Do i need to physically present to for the process?
No, You don't need to be a physically present for the process.E-startupindia is an online catering platform all you need is internet connection in your phone/desktop and required document with and we can get the job done no matters even you are present at remotest location of the india.