GST Filing Chennai

Why Timely GST Return Filing Matters

Goods and Services Tax, known as GST, came into existence on 1st July 2017 that led to one of India’s Ultimate tax reforms of all time. Under this GST regime, filing GST returns every month is mandatory for all entities having GST registration, irrespective of business activity or sales or profitability during the return filing period. Hence, even an inactive business that obtained GST registration must file at least Nil GST return. To track and file monthly returns smoothly, get help from GST Return Filing In Chennai.

How to File GST Returns

For filing a GST return, businesses need to collect all sales and purchase invoices, along with the GST paid or collected. A GST Tax Consultant in Chennai will enable you to accurately prepare and submit the return before the due date, ensuring full compliance. Even if no sales have occurred, businesses still need to file a Nil return.

GST Return Filing Made Easy

GST return is a Summary of all Sales details, Output tax liability and Input tax credit available. Filing these GST Returns requires tax liability payments to the government by the taxpayers.

There are many returns under GST which a taxpayer has to file with the GSTIN, we help you file accurate GST returns and always on time.

Failure to submit GST returns before the due date, will result in liability for interest and a late fee. Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing to the date of payment. Late fees are Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. Maximum is Rs. 5,000. There is no late fee on IGST. To avoid these penalties, contact with GST Filing Consultants In Chennai for timely and accurate filing.