- +91 88661 14756, +91 74339 98866
- psquaregst@gmail.com
accounting
business / salary return
GST Registration: Businesses exceeding the turnover threshold prescribed by the government must register under GST.
Filing Frequency: GST returns are filed monthly, quarterly, or annually depending on the taxpayer category and turnover.
Types of GST Returns: P Square GSTR-1: Details of sales/outward supplies. GSTR-3B: Monthly summary return for tax payment.
GSTR-9: Annual return summarizing yearly transactions.
Businesses can claim credit for GST paid on purchases against their GST liability on sales.
Late filing or non-compliance attracts penalties and interest on the due amount.
P Square Accounts
Types of business / salary return
India has a Dual GST Model. Under this tax maybe levied simultaneously by both Central and State governments on certain taxable supplies. Such as on inter-state supplies, tax is levied by Central Government.
| ITR Forms for Individuals | ITR Forms for Non-Individuals |
|---|---|
| ITR – 1 (Sahaj) – For individuals earning income from salaries, one house property, interest income, agriculture, other sources, etc. | ITR – 5 – Entities other than,- (i) individual, (ii) HUF, (iii) company, and (iv) person filing Form ITR-7 |
| ITR – 2 – For Individuals and HUFs having income other than from profits and gains of business or profession. It may be from capital gain, lottery or foreign assets, etc. | ITR – 6 – All companies except those that claim tax exemption as per Section 11. |
| ITR – 3 – For individuals and HUF with income from profits of a business or profession. | ITR – 7 – Person incl. companies required to furnish returns under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only. |
| ITR – 4 (Sugam) – For Individuals, HUFs, and Firms (other than LLP) having presumptive business income tax returns. This is computed under sections 44AD, 44ADA, or 44AE. |
Who Must Get Bussiness / salary return
All businesses involved in buying or selling goods or providing services, or both, should register for GST. But for below-listed persons, GST Registration is compulsory.
- Previous Law Converted Taxpayer – All individuals or companies registered under the Pre-GST tax laws like Service Tax or Excise or VAT, etc.
- Turnover for Goods Provider – If your sales or turnover of goods is crossing Rs. 40 lakh in a year then GST Registration is mandatory. For the Special Category Status, the limit is Rs. 20 lakh in a year.
- Turnover for Service Provider – If you are a service provider & sales or turnover is crossing Rs. 20 lakh in a year then GST Registration is mandatory. For the Special Category Status, the limit is Rs. 10 lakh in a year
- Casual Taxpayer – If you supply goods or services, in events/exhibitions, and not have a permanent place of doing business. In such cases, GST is charged based on an estimated turnover of 90 days. The validity of the Registration is also 90 days.
- Agents of Suppliers or Input Service Distributor (ISD) – All supplier agents and ISD, to earn benefits of Input Tax Credit, need GST Registration.
- NRI Taxable Person – If you are an NRI or handling the business of NRI in India.
- Reverse Charge Mechanism (RCM) – Businesses who need to pay taxes under the RCM also need to be GST registered.
- E-Commerce Portals & Sellers – Every e-commerce portal (such as Amazon or Flipkart) under which multiple vendors are selling their products. Or for all vendors. You need a GST Registration.
Business / salary return Process on Government Portal
To register for GST on the Government site, you need to follow the below steps. Cautiously & Accurately.
- Go to the Government GST Portal and look for Registration Tab.
- Fill PAN No., Mobile No., E-mail ID and State in Part-A of Form GST REG-01 of GST Registration.
- You will receive a temporary reference number on your Mobile and via E-mail after OTP verification.
- You will then need to fill Part-B of Form GST REG-01. To be duly signed (by DSC or EVC) and upload the required documents specified according to the business type.
- An acknowledgment will be generated in Form GST REG-02.
- In case any information is pending from your side. It will be sought from you by intimating you in Form GST REG-03. for this, you may be required to visit the department and clarify or produce the documents within 7 working days in Form GST REG-04.
- The office may also reject your application if they find any errors. You will be informed about this in Form GST REG-05.
- Finally, a certificate of registration in Finally, a certificate of registration will be issued to you by the department after verification and approval in Form GST REG-06.
Procedure for
business / salary return through P Square
Visit our website and fill out the simple application form provided.
Upload the required documents according to your business or salary category.
Our team will handle all filings, including declarations, to ensure compliance and accuracy.
Once processed, your GST number will be sent directly to your email.
Package in included
What is included in our Package
Financial Planning
fas fa-receipt
Audit Management
Investment Analysis
Expense Tracking
About
What is Bookkeeping?
Bookkeeping is the practice of recording all financial transactions made by a business in the appropriate books of record. This includes tracking every sale, purchase, and other financial actions that take place within the business. Proper bookkeeping enables business owners to track income and expenses, analyze profitability, and make informed decisions about where to cut costs or reduce taxes.
Why should you
External Bookkeeping Services
Filing your salary returns is an essential process for salaried individuals and businesses, ensuring proper tax deductions and compliance with tax regulations.
Timely filing ensures that your income tax is correctly calculated and paid, minimizing the risk of penalties.
It helps you claim appropriate deductions under various sections of the Income Tax Act, reducing your tax burden.
Below is a detailed
Frequently Asked Questions
The due date depends on the type of GST return:
GSTR-1: 11th of the following month for monthly filers.
GSTR-3B: 20th of the following month for most taxpayers.
Late filing attracts a penalty of ₹50 per day for GSTR-3B and ₹20 per day for nil returns, up to a maximum limit. Interest is also charged on late payment of tax.
ITC can be claimed only on goods and services used for business purposes, provided the supplier has uploaded the invoice in GSTR-1.
Avoiding penalties, ensuring seamless input tax credit claims, and maintaining a compliant GST rating with authorities.
Yes, if the business exceeds the prescribed turnover threshold or is registered under GST voluntarily.
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Testimonials
What our Customers say?
“I had shared my GST and ITR work with 3 to 4 other CAs earlier, but I truly appreciated the service from P Square Accounts. Their team is responsive, helpful, and professional. Highly recommended!”
- Taswin Patel - Maa Infra
“Best financial service I’ve experienced so far. The team provides excellent support, handles each task with care, and always meets timelines. Thank you so much, P Square team, for your kind and prompt support across all types of financial solutions.”
- Mehulkumar Vandikar
“Excellent follow-up and end-to-end service by P Square Accounts. Thank you for handling the registration of our firm, Aemje Architect, smoothly and professionally.”
- Chetan Sutariya
P Square is a very kind and superb service provider for all accounting needs. Truly grateful for the support — thank you so much to the entire P Square team!”
- Kartik Patel - Uniqe Fabchem
"We’ve been working with Psquare Accounts for over 3 years now. Their team has always ensured timely GST filing, perfect bookkeeping, and full compliance. Highly reliable and professional!"
- Mehul Patel - Patel Infotech
"I had zero knowledge of tax filing. Psquare Accounts made the entire process easy and smooth. Their personal attention and clarity impressed me the most."
- Jagdish Patel - LF Automation
"Thanks to Psquare Accounts, I no longer worry about my business compliances. From GST to ITR, they manage it all efficiently, with regular updates and follow-ups."
- Jignesh Patel -Blasttop
"Excellent service with perfect documentation and timely reminders! Psquare Accounts is the best financial partner we could ask for."
- Rushit Dave - Lifeline Fitness Gym
"Very cooperative and knowledgeable team. I appreciate the way Psquare Accounts explained every step of our company registration. No hidden charges, only genuine advice."
- Viral Antala - Dolphine
"Psquare Accounts is a one-stop solution for all accounting and legal services. We trust them completely for our tax, payroll, and registration needs."
- Dr Ankit Narola
"Highly satisfied with the prompt support and transparency. Psquare Accounts gives me peace of mind during every tax season."
- Vaibhav Yadav - Galaxy The Brand Hub
"They helped us save thousands in penalties by managing our late returns properly. Psquare Accounts is proactive, honest, and highly skilled."
- Samit Patel - Suleshwari Corporation
"From ITR filing to MSME registration, everything was done within 48 hours. Superb speed and communication by the Psquare team!"
- Dhruv
"I’ve worked with multiple CA firms, but Psquare Accounts stands out with their clear process, trained staff, and value-driven services."
- Kamlesh Patel
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ADDRESS
331, Avadh Pride Complex, Nr. Nirant Cross Rd, Opp. Pillar No. 139, Vastral, Ahmedabad, Gujarat - 382418
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phone no.
+91 88661 14756, +91 74339 98866
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email
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