GSTR1 and GSTR3 B – Monthly Returns Filing

GSTR-1

GSTR-1 is a monthly or quarterly return that must be filed by every registered business under the Goods and Services Tax (GST) regime in India. It contains details of all outward supplies made during the relevant period, along with details of the tax collected on those supplies.

GSTR1 and GSTR3 B – Monthly Returns Filing

GSTR-3B

GSTR-3B is a monthly return that must be filed by all registered businesses under the Goods and Services Tax (GST) regime in India, except for those who are eligible to file quarterly returns. It contains a summary of all inward and outward supplies made during the relevant period, along with the input tax credit availed and the amount of tax payable.Our team of professionals assist you file the returns in time month over month error and hassle free.

GSTR-9 and GSTR-9C

GSTR-9 and GSTR-9C are two annual return forms that need to be filed by taxpayers registered under the Goods and Services Tax (GST) regime in India. The purpose of filing GSTR-9 and GSTR-9C is to provide a summary of all the transactions carried out during the financial year and to ensure the accuracy and completeness of the GST returns filed during the year.

Compliance with GST regulations

Filing of GSTR-9 and GSTR-9C is mandatory for all taxpayers who are registered under GST. By filing these forms, taxpayers can comply with the GST regulations and avoid penalties for non-compliance.

Review of tax liability

GSTR-9 and GSTR-9C provide taxpayers with a summary of all the transactions carried out during the financial year. By reviewing this information, taxpayers can ensure that they have accurately reported their tax liability and paid the correct amount of tax.

Verification of input tax credit (ITC)

Taxpayers can use GSTR-9 and GSTR-9C to verify the ITC claimed during the financial year. This ensures that the ITC claimed is accurate and that the taxpayer has not claimed ITC on ineligible items.

Identification of errors and discrepancies

Filing of GSTR-9 and GSTR-9C allows taxpayers to identify any errors or discrepancies in their GST returns. This can help them rectify these errors and avoid future penalties.

Auditor's verification

GSTR-9C is the reconciliation statement that is to be certified by a Chartered Accountant (CA). This statement verifies the accuracy and completeness of the GST returns filed during the financial year. This ensures the reliability of the financial statements submitted by the taxpayer.