GST Return service in Delhi.

GST return filing is a crucial process for businesses to comply with GST regulations. Here’s a step-by-step guide:

Step 1: Prepare Required Documents

– Invoice-wise details of outward supplies (sales)
– Invoice-wise details of inward supplies (purchases)
– Debit and credit notes
– Tax payments and input tax credit

Step 2: Log in to GST Portal

– Access the GST portal using username and password
– Ensure valid GSTIN and password

Step 3: Fill GSTR-1 (Outward Supplies)

– Fill invoice-wise details of outward supplies
– Include debit and credit notes
– Submit GSTR-1

Step 4: Fill GSTR-2 (Inward Supplies)

– Fill invoice-wise details of inward supplies
– Include debit and credit notes
– Submit GSTR-2

Step 5: Fill GSTR-3 (Summary Return)

– Fill summary of outward and inward supplies
– Include tax payments and input tax credit
– Submit GSTR-3

Step 6: Pay Tax Liability

– Pay any tax liability due
– Use electronic payment modes

Step 7: File GSTR-9 (Annual Return)

– File annual return for the financial year
– Include details of outward and inward supplies
– Submit GSTR-9

Important Dates:

– GSTR-1: 10th of next month
– GSTR-2: 15th of next month
– GSTR-3: 20th of next month
– GSTR-9: 31st December of next year

Consequences of Late Filing:

– Late fee: ₹50 per day
– Interest: 18% per annum
– Penalty: Up to ₹25,000

By following these steps and meeting deadlines, businesses can ensure accurate and timely GST return filing.