GST Return Filing
GST return filing is the process by which registered businesses report their financial transactions and tax liabilities to the tax authorities under the Goods and Services Tax (GST) system. This process ensures compliance with GST regulations and facilitates accurate tax collection and credit claims.
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​At QuickAssist, we specialize in simplifying the GST filing process for businesses of all sizes. Our expert team ensures that your GST returns are accurate, compliant, and submitted on time, saving you from the complexities of tax regulations. With QuickAssist, GST filing becomes hassle-free, allowing you to focus on your business while we handle the paperwork and compliance. Trust us to make the entire process smooth, efficient, and stress-free.
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GST return filing can be done either monthly or quarterly, depending on the business type and turnover.
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Monthly GST return filing: It is mandatory for most businesses with turnover exceeding the threshold limit or those not under the Composition Scheme. Key returns include GSTR-1, which details outward supplies, and GSTR-3B, which summarizes sales, purchases, and tax liabilities. These returns must be filed online, with deadlines typically on the 11th and 20th of the following month, respectively. Monthly filing helps businesses manage their tax credits and liabilities regularly.
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Quarterly GST return filing: It is available for businesses opting for the Composition Scheme or those with lower turnover. These businesses file GSTR-4, which summarizes quarterly transactions and tax obligations. The return is due by the 18th of the month following the end of the quarter. Quarterly filing simplifies compliance for smaller businesses by reducing the frequency of reporting. Regardless of the frequency, accurate and timely filing is essential to avoid penalties, with all returns submitted online through the GST portal, ensuring smooth and efficient compliance.​
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