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On getting your details, we will ask for the update of your plan and get the already paid amount adjusted with rest of the payment.
We require at least three working days to file the return from the date of receipt of all the sales and purchase details along with payment.
If you receive a notice for non-filing of GST returns , then it is covered under our plan, and there will be no additional fee for it. However, if you receive any other notice, then it is chargeable additionally.
No, the above plans are only for GST return and do not include any income tax return service and accounting. We do provide services for income tax return filing and accounting which are separately chargeable.
In India, the penalty for failing to file GST returns on time can vary depending on the specific circumstances of the case. In general, however, the penalty for late filing of GST returns can include a fine of up to Rs. 100 per day, with a maximum of Rs. 5,000. In addition to this fine, interest may also be charged on the taxes that are owed, which can further increase the cost for the business. The exact amount of the penalty and interest will depend on the amount of tax that is owed and the length of time that the returns are filed late. It's important to note that the penalty for not filing GST returns on time can be avoided if the business has a valid reason for the delay and can provide evidence to support this. However, it is ultimately up to the tax authorities to determine whether a valid reason has been provided and whether the penalty should be waived.
Payment has to be made in advance once you have selected the plan. Return filing process will start only after the payment has been received successfully.
GSTR1 and GSTR2 are two different types of GST returns that businesses are required to file in India. GSTR1 is a return form for reporting a business's outward supplies, which are taxable sales that the business has made to its customers. GSTR2, on the other hand, is a return form for reporting a business's inward supplies, which are taxable purchases that the business has made from its suppliers. The main difference between these two forms is the type of transactions that they are used to report. While GSTR1 is used to report outward supplies, GSTR2 is used to report inward supplies.
The difference between monthly GSTR filing and quarterly GSTR filing lies in the frequency at which businesses are required to file their GST returns. As the name suggests, monthly GSTR filing refers to the requirement for businesses to file their GST returns on a monthly basis, typically by the 20th of the following month. Quarterly GSTR filing, on the other hand, refers to the requirement for businesses to file their GST returns on a quarterly basis, typically by the end of the month following the end of the quarter. The specific requirements for monthly and quarterly GSTR filing may vary depending on the country you are in and the specific tax laws that apply to your business. In general, however, the main difference between these two types of filing is the frequency at which the returns must be submitted.
GSTR3 is a return form that businesses in India are required to file to report their tax liabilities and pay any taxes that are due. This form is typically filed on a monthly or quarterly basis, depending on the specific tax laws that apply to the business. When filing a GSTR3, a business will need to provide details about its taxable sales and purchases, any tax credits it is eligible for, and the amount of tax it needs to pay. The process for filing a GSTR3 typically involves completing the form online and submitting it through the government's web portal, along with any payment that is due. The government will then review the return and issue a confirmation of receipt. It's important to note that the specific requirements and steps for filing a GSTR3 may vary depending on the country you are in and the specific tax laws that apply to your business.
In general, it is possible for a business to file its own GST returns without the help of an accountant. The specific process for filing a GST return will vary depending on the country you are in and the specific tax laws that apply to your business, but in most cases, it involves completing the appropriate return form and submitting it through the government's web portal. Depending on the complexity of your business's tax situation and your familiarity with the GST filing process, you may find it helpful to consult with an accountant or tax professional to ensure that your returns are filed accurately and on time. However, it is ultimately up to you to decide whether you want to file your GST returns yourself or seek the help of an accountant. Or you can choose to go with Dhanaay - the best option.
Yes, in order to file a GSTR3, a business in India will typically need to have first filed its GSTR1 and GSTR2 returns. GSTR1 is a return form for reporting a business's outward supplies, which are taxable sales that the business has made to its customers. GSTR2, on the other hand, is a return form for reporting a business's inward supplies, which are taxable purchases that the business has made from its suppliers. The information reported in these two returns is used to calculate the tax liabilities that are reported in the GSTR3. Therefore, in order to file a complete and accurate GSTR3, a business will typically need to have first filed its GSTR1 and GSTR2 returns.
It is important to file GST returns on time for a number of reasons. Firstly, failing to file GST returns on time can result in penalties and interest charges being applied to the taxes that are owed. This can increase the overall cost of the taxes for the business, which can have a negative impact on its financial health. Secondly, timely filing of GST returns is important for maintaining compliance with tax laws and avoiding potential legal consequences. In some cases, failure to file GST returns on time can result in the business being subject to audits or other investigations by tax authorities, which can be time-consuming and costly. Finally, timely filing of GST returns is important for maintaining a good relationship with the government and demonstrating the business's commitment to following tax laws and regulations. By filing GST returns on time, a business can avoid potential problems and show that it is a responsible and trustworthy taxpayer.