GST Return Filing In Ahmedabad:
GST is the most significant indirect tax reform since it consolidates all other taxes into a single tax structure. The taxes are assessed at a single rate and are divided between the Central and State Governments under the headings of CGST and SGST for intra-state sales, respectively, and only to the Central Government under the headings of IGST for inter-state sales.
Every firm or corporation that purchases or sells goods or services in excess of a specific threshold must register for GST. Once registered, you will be issued a unique GSTIN (Goods and Service Tax Identification Number).
The registration barrier for GST is 40 lakhs for suppliers of goods and 20 lakhs for suppliers of services. Additionally, the North-Eastern States have a choice between 20 and 40 lakhs. – Additionally, Special Category States (the North Eastern States, Jammu and Kashmir, Himachal Pradesh, and Uttarakhand) have the option of selecting between 20 and 40 lakhs. GST tax rates vary from 0% to 28%, depending on the type of products or services sold.
Late Fees for not Filing GST Return on Time
If you do not file your GST Returns on time, you will be subject to interest and a late fine. Interest is charged at a rate of 18% per annum. It must be estimated by the taxpayer based on the amount of unpaid tax. The time period will begin on the next business day following the date of filing and will end on the day of payment. According to the Act, late costs are Rs. 100 per day. Thus, 100 is subject to CGST and 100 is subject to SGST. The total cost every day will be Rs. 200. The maximum amount is Rs. 5,000. On IGST, there is no late fee.
Reason to file GST Returns on Time :
Get Rid of Penalty
As per GST law, you will be charged a penalty for delay / Non-filing of returns
Good Terms with Clients
Filing our Returns in time helps the clients to claim their Input Tax Credit
Easy to avail Bank Loan
Taxpayers credibility is checked on the basis of GST Returns by the Bank
Escape from Cancellation
Non Filing of Return on time might lead to Certificate Cancellation
E Way Bill Generation
If GST returns are not filed for 2 successive months, EWayBill Generation is not possible
Location we provide services at :
Moneycare Consultancy provides GST Return Filing In Ahmedabad and locations of Ahmedabad such as Bodakdev, Navrangpura, Odhav, Kathwada, Naroda, Nikol, Vastral, Vatva, Changodar, Chhatral, Kadi, Kalol, Gandhinagar, Sanand, Bopal, Sindhu Bhawan Road, Income Tax, Vasna, Paldi and many more.
For more information please call us or visit our nearest branch.
Email Us : info@mcare.co.in
Contact us : +91 8866864137
