GST Return Service in Delhi.

The Goods and Services Tax (GST) is a consumption-based tax levied on the supply of goods and services in India. Businesses registered under the GST must file GST returns to report their income and claim input tax credits.

Types of GST Returns:

1. GSTR-1: Details of outward supplies of taxable goods and/or services affected
2. GSTR-3B: Summary return of outward supplies and input tax credit claimed, along with payment of tax by the taxpayer
3. GSTR-4: Return for taxpayers registered under the composition scheme
4. GSTR-5: Return to be filed by non-resident taxable persons
5. GSTR-9: Annual return by a regular taxpayer

GST Return Filing Process:

1. Registration: Obtain a GSTIN (GST Identification Number) and create an account on the GST portal
2. Invoicing: Generate invoices for all business transactions
3. Return Preparation: Prepare the GST return using the invoices and other relevant data
4. Filing: File the GST return on the GST portal
5. Payment: Pay the GST liability

GST Return Filing Due Dates:

1. GSTR-1: 11th of the next month (monthly) or 13th of the month succeeding the quarter (quarterly)
2. GSTR-3B: 20th of the next month (monthly) or 22nd/24th of the month succeeding the quarter (quarterly)
3. GSTR-4: 18th of the month succeeding the quarter
4. GSTR-5: 20th of the month succeeding the quarter
5. GSTR-9: 31st December of the next financial year

Consequences of Late Filing:

1. Late fee: Rs. 50 per day
2. Interest: 18% per annum
3. Penalty: Up to Rs. 25,000

Tips for GST Return Filing:

1. Maintain accurate records
2. Use GST-compliant invoicing software
3. File returns on time
4. Claim input tax credits
5. Consult a GST professional if needed