Detailed Overview
Flawless Monthly Compliance to Avoid ITC Loss & Penalties
Acquiring a GST Registration is only the beginning of your compliance journey; maintaining it requires meticulous, timely filing of GST Returns. A GST Return is an official document containing details of your income (outward supplies), purchases (inward supplies), tax collected on sales (CGST/SGST/IGST), and tax paid on purchases (Input Tax Credit). In India's highly digitized tax environment, the GST network automatically cross-matches your sales with your suppliers' filings using AI algorithms. Any discrepancy immediately triggers an automated tax notice.
For standard businesses, filing involves submitting GSTR-1 (Sales details) by the 11th of the month, and GSTR-3B (Tax Payment summary) by the 20th. Small businesses (turnover under ₹5 Crores) can opt for the QRMP scheme to file quarterly. Delaying your GST returns not only attracts hefty daily late fees but also prevents your B2B buyers from claiming their Input Tax Credit. If your buyers lose money because of your delayed filing, they will stop doing business with you. Our premium CAs handle the entire reconciliation process, ensuring 100% accuracy and zero late fees.
At GST Times, we take the legal complexity out of the picture. Our system reviews your files, coordinates with government registrars, handles all clarifications, and delivers your certificate securely to your dashboard online.
Core Benefits & Advantages
Registering for this compliance/setup unlocks critical legal and commercial opportunities for your brand:
Maximum ITC Claiming
We rigorously reconcile your purchase invoices against GSTR-2B, ensuring you claim every single rupee of Input Tax Credit legally owed to you, drastically lowering cash outflows.
Avoid Daily Late Fees & Notices
Filing late attracts a penalty of ₹50 per day (₹20 for Nil returns) and 18% interest on outstanding tax. We ensure timely filings to keep your compliance score perfect.
Maintain B2B Customer Trust
By filing your GSTR-1 precisely on time, your corporate clients can smoothly claim their ITC. This establishes your brand as a reliable and compliant vendor.
Prevent GSTIN Cancellation
Failure to file GST returns for 6 consecutive months gives the tax officer the authority to suo-moto suspend or permanently cancel your GST registration, paralyzing your business.
Required Documents Checklist
You only need to upload scan copies or photographs of these basic documents. No physical paperwork is required:
Sales Data (Outward Supplies)
- Complete list of all B2B and B2C sales invoices generated during the month/quarter.
- Details of any Credit Notes or Debit Notes issued.
- E-commerce portal settlement reports (Amazon, Flipkart) if applicable.
Purchase Data (Inward Supplies)
- Copies of all purchase invoices from registered vendors.
- Details of expenses where GST was paid (Office rent, software subscriptions, courier charges).
Our Step-by-Step Filing Process
We complete your work in four simple milestones, keeping you informed at every turn:
1
Data Collection & Formatting
You share your monthly sales and purchase data in excel or accounting software backups. We format the raw data for portal compatibility.
2
GSTR-2B Reconciliation
Our CAs match your purchase invoices with the auto-drafted GSTR-2B to identify missing vendor invoices and maximize your ITC claim.
3
Tax Liability Calculation & Draft Approval
We calculate the final net tax payable after setting off the ITC. A detailed summary is sent to you for approval before the challan is generated.
4
Final Filing & Acknowledgment
Upon tax payment, we file GSTR-1 and GSTR-3B via EVC/DSC and deliver the official Government Acknowledgment Receipt (ARN) to your dashboard.
Frequently Asked Questions (FAQs)
Got doubts? Here are direct answers from our expert Chartered Accountants:
Do I have to file a GST return if I had zero sales this month?
Yes! Filing a "Nil Return" is legally mandatory even if you had absolutely zero business activity, purchases, or sales during the month. Failure to file attracts a ₹20/day penalty.
Can I revise a GST return if I made a mistake?
Unfortunately, the GST portal does not allow you to revise a submitted GSTR-1 or GSTR-3B. Any errors must be rectified in the return of the subsequent month.
What is the QRMP Scheme?
The Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme allows taxpayers with an annual turnover up to ₹5 Crores to file returns quarterly, significantly reducing compliance workload.
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