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GST
GST Return
GST return filing is done to maintain financial accounts per year. GST return is a document that contains the details of the income of the taxpayer. This document needs to be filed with the tax authorities.
Software for GST: We at P Square also have software for you to file your returns. This software is easy to understand and operate. You just need a pc and internet connection for this.
For normal taxpayers, we have 3 plans for it. Basic, medium, and enterprise.
And for other taxpayers, we have 4 plans. Namely, compounding, TDS, ISD, and one for the non-resident taxpayer.
In addition to all this, we also have an e-commerce plan. The prices for each plan are listed below, which is also helpful for GST return filing online.
P Square Accounts
Types of GST 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.
| Return Form | Particulars | Frequency | Date |
|---|---|---|---|
| GSTR-1 | Details of outward supplies of goods and services | Monthly | 11th of the next month |
| GSTR-2B | Details of inward supplies of goods and services affected | Monthly | 13th of the next month |
| GSTR-3 | Monthly return, in the case of finalization of details of outward supplies and inward supplies along with the payment of tax. | Monthly | |
| GSTR-3B | It is a simple return in which the summary of outward supplies along with Input Tax Credit is declared and payment of tax is affected by the taxpayer. | Monthly | 20th of the next month |
| GSTR-4 | For all the taxable person registered under the composition levy | Quarterly | 18th of the next month after the quarter |
| GSTR-5 | Returns for a non-resident foreign taxable person | Monthly | 20th of the next month |
| GSTR-6 | Returns for an input service distributor | Monthly | 13th of the next month |
| GSTR-7 | Returns for authorities deducting TDS | Monthly | 10th of the next month |
| GSTR-8 | Details of supplies effected through the e-commerce operator and the amount of tax collected | Monthly | 10th of the next month |
| GSTR-8 | Details of supplies effected through the e-commerce operator and the amount of tax collected | Monthly | 10th of the next month |
| GSTR-9 | Annual return for a normal taxpayer | Annually | 30th December of the next financial year |
| GSTR-9A | The annual return of a taxpayer registered under the composition levy anytime during the year | Annually | 31st December of the next financial year |
| GSTR-9C | It is mandatory for registered taxpayers with a total turnover exceeding ₹5 Cr for the relevant financial year to file the GSTR 9C reconciliation statement. GSTR 9C must be prepared and self-certified by the taxpayer on the GST portal | Annually | 31st December of the next financial year |
| GSTR-10 | Final return | Only once, when GST registration is canceled or surrendered | Within 3 months of the date of cancellation or the date of cancellation of the order, whichever is later |
| GSTR-11 | Details of inward supplies to be furnished by a person having UIN and claiming a refund | Monthly | 28th of the following month for which the statement is filed |
Who Must Get GST 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.
GST 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
GST Return through P Square
Fill the simple application form provided on our website.
Send your documents that are required according to your category of business.
We will file all your forms on behalf of you along with the declaration.
As soon as we will get your GST number, we will send you by E-mail.
Package in included
What is included in our Package.
Accounts payable functions
Accounts receivable functions
Accounts reconciliation
Monthly analysis
Payroll
About
What is GST Return?
A GST Return is a document that registered taxpayers must file under the Goods and Services Tax (GST) system. It contains details of their sales, purchases, tax collected on sales (Output GST), and tax paid on purchases (Input Tax Credit or ITC). The return helps the government calculate the taxpayer’s GST liability or refund eligibility. Various types of GST returns exist, such as GSTR-1 for outward supplies, GSTR-3B for summarizing tax payments, and GSTR-9 for annual returns. Filing is mandatory for compliance and to claim ITC, ensuring business transparency and avoiding penalties. Returns are filed monthly, quarterly, or annually based on the taxpayer’s category.
Why should you
Maintain Books of Accounts?
It is a Statutory Requirement for all businesses except for Sole Proprietorship.
Helps you review your performance and take steps to improve.
Maintaining books of accounts helps you when you need funding from investors.
Below is a detailed
Frequently Asked Questions
GST return is a document that contains the details of the income of the taxpayer. This document needs to be filed with the tax authorities.
One can file GST return using our GST software or by availing our assisted plans for normal taxpayers, other taxpayers, or e-commerce tax plan.
Charges for it are as follows: If you wish to use our software, then we have a free trial you can use for 2 months, basic software worth Rs.4,999, and enterprise software worth Rs.24,999. We have assisted plans for normal taxpayers and it ranges from a basic plan worth Rs.1,350 per month, Medium plan worth Rs.1,999 per month, or the enterprise plan worth Rs.3,599 per month. We also provide assisted plans for other taxpayers and the price range for it is Rs.799 for the compounding scheme, Rs.3,500 for TDS, Rs.5,599 for ISD, and Rs.3,599 for the non-resident taxpayer. Along with this, we also have an e-commerce portal that helps the e-commerce companies to file the return which costs you Rs.2,200 per month.
To file for the GST return, one has to first visit our website: www.legalraasta.com • Then, click on the ‘tax’ tab, and under the GST column, click on the GST return button. • After this, you have to feed in your name, email id, and mobile number. • Here, a user has multiple options to go through according to one’s needs and budget. You can select for a free trial of 2 months to get the overall working of our software ‘Taxraahi’. • If you already have an account, you can log in or create a new account. • Then, click on add company, where you need to feed in GSTN, GSTN password, GSTIN, Date of GST registration, select your type of entity, and some other basic details. • The next step would be to upload the data about your sale & purchases and select the type of file you have accounts in. It could be tally, excel, or busy. • Match in your data and click on the Save button. Finally, you can save the data on our portal. You can either use OTP (one-time password) or captcha
You will be liable to pay interest and a fee for not filing the return on time. There is an 18% interest per annum. The base for this interest is the amount of outstanding tax to be paid. It should be done from the next day of filing to the date of payment. There is also a late fee, which is Rs.100 per day as per the GST Act. It is Rs.100 under CGST and Rs.100 under SGST, so the total is Rs.200. The maximum amount that can be levied is Rs.5,000. IGST is exempted from the late fee.
The following are the types of GST returns: • GSTR-1 for the monthly return of the outward supplies • GSTR-2 for the monthly return of the inward supplies • GSTR-3 for the monthly return containing the details of the taxpayers from the other forms such as GSTR-1, GSTR-2, GSTR-6, GSTR-7) • GSTR-4 for the quarterly return • GSTR-5 for the variable return to be filed by the non-resident taxpayer • GSTR-6 for the monthly return to be filed by the input service distributor • GSTR-7 for the monthly return to be filed for the Tax Deducted at Source (TDS) • GSTR-8 for the monthly return to be filed by the e-commerce operator • GSTR-9 for the annual return • GSTR-10 for the final return paid before terminating business activities permanently • GSTR-11 for the tax to be paid by the taxpayers with a Unique Identification Number (UIN)
A- Yes, all e-commerce portals that allow other producers and sellers to use their portal should file the return using the GSTR-8. If you use your portal, you don’t need to file this return.
The benefits or purpose of filing GST return are multiple • It is used to finalize the tax liabilities of the taxpayer within the stipulated period. • Furthermore, is provides necessary inputs for taking policy decisions. • Information on mode of transfer to tax administration. • It is easier to manage audit and anti-tax evasion programs of tax administration.
Businesses who file for GSTR-1 to 3, other than casual taxpayers and taxpayers under the composition scheme are required to file an annual return.
Businesses who file for GSTR-1 to 3, other than casual taxpayers and taxpayers under the composition scheme are required to file an annual return.
No, but certain fields of the information from the invoices need to be uploaded.
It completely depends upon the type of registration and transactions. Different periods have been specified for this. • Monthly returns need to be filed by the regular taxpayers, foreign non-residents, input service providers, tax deductors, and e-commerce operators. • Quarterly returns need to be filed by the composition taxpayers.
No, the return forms are common for all the three. Though there is a separate column in each, which one needs to file depending upon the inter-state and intra-state supply.
GSTR-5 needs to be furnished in the case of a non-resident taxable assessed. These are the suppliers that came for a short while to make supplies in India. But they don’t have a business establishment in the country. The critical headlines for GSTR-5 include: • GSTIN • Imported goods • Imported services • Outward supplies made • Details of debit credit notes
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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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