GST Registration And E-Returns

SAI ENTERPRISES is Bhopal based leading EPC Business Consultant and Online Service Provider, we provide quick and affordable GST Registration services across India. File your GST returns by highly experienced GST expert. We also provide Goods And Services Tax (GST) Registration Services in Bhopal for existing MP VAT Registered entity and New startup Taxpayer entity, we provide GSTN to Civil Construction Companies, Firms and Individuals for MP PWD Registration.

WHAT IS GST (Goods and Services Tax)?

GST (Goods and Services Tax) is one Indirect Tax for the whole nation, which will make India one unified common market. GST (Goods and Services Tax) is a single Tax on the supply of Goods and Services, right from the Manufacturer to Consumer.
GST is a consumption based tax/levy. It is based on the "Destination Principle." GST is applied on goods and services at the place where final/actual consumption happens. Indian Government is opting for Dual System GST. This system will have three components which will be known as-
  • Central Goods and Service Tax (CGST)
  • State Goods and Service Tax (SGST)
  • Integrated Goods and Service Tax (IGST)
The current taxes like Excise Duties, Service Tax, Custom Duty etc. will be merged under CGST. The taxes like Sales Tax, Entertainment Tax, VAT, Entry Tax, Luxury Tax and other state taxes will be included in SGST. IGST will be charged on transfer of goods and services from one state to another state. Import of Goods and Services will also be deemed to be covered under Interstate transactions so IGST will be levied on such transactions. For example, if Goods or services are transferred from Madhya Pradesh to Maharashtra then the transaction will attract IGST.

Who should register for GST...?

  • Turnover Criteria: Any businesses which have a turnover of above 40 lakhs (Rs 10 Lakhs for North-Eastern states, J & K, Himachal Pradesh and Uttarakhand), Rs 20 lakhs in case of services.
  • E-commerce operator: Person who connects through e-commerce business (such as Amazon or Flipkart), should register for GST from the beginning only.
  • Casual Taxpayer: If you supply goods or services in events/exhibition & you don’t have a permanent place of business, you need to get online GST Registration. The validity of causal GST Registration is 90 days.
  • Sales/Service provide to other state (Inter State): One should register under GST if any supplier of goods or service provider involved in any other state.
  • Involved In Online Information: Person supplying online information and database access other than a registered taxable person.
  • NRI Exporters & Importers: Any NRI person or company supplying goods or services in India need to register GST regardless of turnover.

Goods And Service Tax (GST) E-Returns

As per the GST Act, 2017, every individual/Company/LLP registered under the GST Act has to furnish the details of sales, purchases and the tax paid by filing for GST returns with the administrative authorities. Get relaxed because SAI ENTERPRISES Bhopal outsourced your GST compliances. A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.
Under GST, a registered dealer has to file GST returns that include:
  • Purchases
  • Sales
  • Output GST (On sales)
  • Input tax credit (GST paid on purchases)

Types of GST Return And Due Dates

Return Form Particulars Frequency Due Date
GSTR-1 Details of outward supplies of goods and services. Monthly 11th of the next month
GSTR-2 Details of inward supplies of goods and services affected. Monthly 15th 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 20th of the next month
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 IFor the entire 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-9 Annual return for a normal taxpayer. Annually 31st December of the next financial year
GSTR-9A Annual return of a taxpayer registered under the composition levy anytime during the year. Annually 31st December of the next financial year
GSTR-10 Final return. Only once, when GST registration is cancelled or surrendered Within 3 months of the date of cancellation or the date of cancellation of 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

Late Fees/Penalty for Failing to Filing the Return on Time

In case the taxpayer fails to file the GST returns within the specified date provided by the GST department, then taxpayer has to pay late fee along with interest @18%. The late fee will be Rs.20 per day if it is NIL return or else Rs 50 will be levied if you fail to furnish the return within specified date. Thus, it will come around Rs.25 under the CGST and again Rs.25 under the SGST. The total amount to be paid will be Rs.50 per day. The maximum late fee can be Rs.5000. The IGST do not charge any late fees.

Document List For Proprietorship / Partnership Firm / LLP Firms/ Pvt. Ltd. Company Goods And Service Tax (GST) Registration

  • One Passport Size Photo of Proprietor or Partners or Directors.
  • Pan Card of Proprietor or Partners or Directors.
  • Aadhaar Card of Proprietor or Partners or Directors.
  • Any Other Address Proof of Proprietor or Partners or Directors.
  • Address Proof of Business Place or Shop:
    If Rented: If Office or Shop is Renter then Rent Agreement on Minimum Rs. 500/- Stamp.
    If Owned: If Office or Shop is owned by Proprietor or Partners or Directors then Electricity Bill/Property Tax Pay Bill.
    If Owned by Parents: If Office or Shop owned by Parents then Rent Agreement on minimum Rs. 500/- Stamp or Consent Letter on minimum Rs. 500 Stamp.
  • Proprietorship Firm or Partnership Firm or Companies Bank Account Statement or Saving or Current Account Statement.
  • Proprietor or Partners or Directors Firm/Company Bank Cancelled Cheque or Saving/Current Account Cancelled Cheque.
  • Class 2 Digital Signature Certificate.