GST Returns Filing
GST has been implemented in India from 1st July, 2017.
All business registered under GST have to compulsorily file the monthly/quarterly and annual returns based on the type of business irrespective of business activity or sales or profitability during the return filing period.
Every Registered dealer has to file a return that includes
Output GST on sales
Input GST on purchases
Hence GST Registration holder are required to file GSTR-1 (details of outward supplies) on the 10th of each month, GSTR-2 (details of inward supplies) on the 15th of each month and GSTR-3 (monthly return) on the 25th of each month. Dealers registered under the composition scheme are required to file GSTR-4 every quarter, on 18th of the month next to the quarter. Finally, annual GST return must be filed by all GST registered entities before the 31st of December.
LeanFlo Inc. we have in-house experts who offer end to end GST services from registration to return filing. Subject to client document submission and processing time taken by government, it takes around 2 – 4 days to file a GST return.