GST Filing

 Filing of GST Return

Our Experts file GST return on behalf of yours with high accuracy following all the compliances as required, we charge a very minimal charge to prepare and file GST returns starting from Rs. 500/- per return, depending on the volume of data and turnover.

BENEFITS OF FILING GST

1. Ease of compliance: 

The GST regime in India will be built on a solid and comprehensive IT infrastructure. As a result, all tax payer services, such as registrations, returns, payments, and so on, will be available online, making compliance simple and transparent.

2. Tax rate and structure uniformity: 

The GST will guarantee that indirect tax rates and structures are consistent across the country, providing certainty and making conducting business easier. To put it another way, GST would make conducting business in the country tax-neutral, regardless of where you do business.

3. Elimination of tax cascading: 

A system of seamless tax credits across the value chain and across state borders would ensure that there is minimal tax cascading. This would cut down on the costs of running company that aren't visible.

4. Increased competitiveness: 

Lowering transaction costs of conducting business will eventually increase commerce and industry's competitiveness. The World Bank feels that the adoption of the Goods and Service Tax (GST), together with the removal of inter-state checkpoints, is the most important reform that can boost India's manufacturing sector's competitiveness.

5. Benefits to manufacturers and exporters: 

The subsumption of main Central and State taxes in GST, the complete and thorough set-off of input goods and services, and the phase-out of the Central Sales Tax (CST) would lower the cost of locally created goods and services. This would improve Indian exports by increasing the competitiveness of Indian goods and services in the worldwide market. The consistency of tax rates and processes across the country will also help to lower compliance costs.

6. GST is simple and straight forward to manage: 

GST would be simpler and easier to manage than all previous indirect taxes charged by the Centre and States to date if it were supported by a comprehensive end-to-end IT infrastructure.

7. Improved leakage controls: 

Due to a solid IT infrastructure, GST will result in greater tax compliance. There is an in-built mechanism in the architecture of GST that would incentivize tax compliance by merchants due to the smooth transfer of input tax credit from one level to another in the chain of value addition.

8. Increased revenue efficiency: 

GST is intended to lower the government's tax collection costs, resulting in increased revenue efficiency.

9. A single, transparent tax proportional to the value of goods and services: 

The cost of most goods and services in the country today is laden with many hidden taxes, thanks to multiple indirect taxes levied by the Centre and States, as well as incomplete or no input tax credits available at progressive stages of value addition. There will be simply one tax from the manufacturer to the customer under GST, resulting in tax payments to the ultimate consumer being more transparent.

10. Lower total tax burden: 

Credits for input taxes paid at each level will be accessible at the succeeding stage of value addition, thereby making GST a tax on value addition only at each stage. The total tax burden on most goods will be reduced as a result of efficiency gains and leakage prevention, which will benefit consumers. With set-off benefits at all earlier levels, the ultimate customer will only be responsible for the GST levied by the last dealer in the supply chain.

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