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GST Returns

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GST Return

File error-free GST Return and in-time. Get your GST return filings done through experts Thinkbiz Filings!. Prices start at INR 999/- only.

 
 
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GST Return Filing

All you need to know about GST return filing

 

GST return filing is completely an online process in India. GST filing is very easy and quick process. However, it is necessary that returns are filed correctly and error-free to ensure that GST credit can be passed onto the next stage. All you need is GST website login credentials to get started. Once your GST registration is done, to file GST return is mandatory. Non-filing of of the same entail heavy penalties.

All registered persons under GST are required to file various returns. Main returns to be filed are GSTR-3B (which is a monthly summary) and GSTR 1 (details of outward supplies).

GSTR 3B is to be filed every month by 20th. However, the government has recently introduced QRMP Scheme according to which if the turnover for a business for previous year is up to 5 crores, you can pay your GST on monthly basis and file your GSTR 3B quarterly.

QRMP- Quarterly Return filing & Monthly Payment of Taxes – A Scheme for small Taxpayers.

Finally, an annual GST return GSTR 9 must be filed by all GST registered entities on/before the 31st of December.

GSTR 4 is to be filed if you have opted for composition scheme. The registered entities will be required to file GST returns even if the entity has not done any business during any period.

Additionally there’s yearly GSTR 9C to be filed, which is GST Annual Audit. It is a reconciliation statement which needs to be certified by a practising Chartered Accountants.

Thinkbiz filings is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Filing online GST Returns is easy, seamless, cheapest and quickest with Thinkbiz filings! Apart from online return filing under GST services, Thinkbiz filings also helps you to file Income Tax Returns, TDS Returns, PF Returns and ESI Returns easily.  Contact Thinkbiz filings to know about GST Return filing process. Inquire for GST return filing service provider for Online GST return, Find out when to file GST return. You may get in touch with our compliance manager on 09704561215or email info@Thinkbizfilings.com  for for free consultation.

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Our Pricing
999/-
(all inclusive)

BASIC

  • Filing of one NIL GST return (GSTR 3B or GSTR 1)
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Our Pricing
6,999/-
(all inclusive)

OPTIMAL

  • GST Annual Return (GSTR 9 or 9A or 9B)
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Our Pricing
17,999/-
(all inclusive)

ULTIMATE

  • GST Returns for one year (all returns included)
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Compliance Requirements for a Partnership Firm

Income Tax Return

    Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.

    GST Compliances

      Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.

      TDS Compliance

        Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.

        Accounting

          firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency

          Tax Audit (if applicable)

            Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.

            Firm Updates

              Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.

              Documents Required for Partnership Firms

              Quick Checklist

              • PAN card of all partners of the firm.
              • Aadhaar/Passport/Voter ID/Driving License of all partners.
              • Latest utility bill, rent agreement, or ownership proof of the firm’s office.
              • Latest bank statements of partners.
              • Recent photos of all partners.

              Key Benefits of a Partnership Firm

              Points to make your decision easy

              Ease of Formation

                Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.

                Tax Benefits

                  Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.

                  Lower Compliance

                    Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.

                    Decision-Making

                      Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.

                      Profit Sharing

                        Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.

                        No Minimum Capital

                          Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.

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                          FAQs On GST Returns
                          Get answers to all your queries
                          What is a GST return?
                          • A GST return is a document that businesses must file with the GST department, detailing sales, purchases, tax collected, and tax paid.
                          Who is required to file GST returns?
                          • Every GST-registered business, including: Regular taxpayers Composition scheme taxpayers Input Service Distributors (ISD) E-commerce operators
                          What are the different types of GST returns?
                          • Common GST returns include: GSTR-1 (Sales details) GSTR-3B (Monthly summary return) GSTR-4 (For composition scheme taxpayers) GSTR-9 (Annual return)
                          How can I file a GST return?
                          • GST returns can be filed online via the GST portal (www.gst.gov.in) or through GST software.
                          What is the due date for filing GST returns?
                          • GSTR-1: 11th of the next month GSTR-3B: 20th of the next month GSTR-4: 30th April (Annually for composition dealers) GSTR-9: 31st December (Annually)
                          What happens if I don’t file my GST return on time?
                          • You will be charged late fees and interest, and your GST registration may be suspended.
                          Can I revise a GST return after submission?
                          • No, GST returns cannot be revised, but adjustments can be made in subsequent returns.
                          What is the penalty for late filing of GST returns?
                          • Late fees: ₹50 per day (₹25 CGST + ₹25 SGST) for regular taxpayers ₹20 per day (₹10 CGST + ₹10 SGST) for NIL return filers
                          Can I file GST returns after the due date?
                          • Yes, but you will have to pay late fees and interest on the pending tax amount.
                          Do I need to file a GST return even if there are no transactions?
                          • Yes, a NIL return must be filed to avoid penalties. Let me know if you need help with filing GST returns!
                          Have some queries?
                          • Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215

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