GST Return Filling - GST Suvidha Center WB093

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GST Suvidha Center WB093 offers GSTR Return Filling services designed to streamline your business operations. Visit us to experience professional, reliable, and personalized solutions.

Contact us for GST Return Filing process at GST Suvidha Center. To file GST returns or GST filing, GST compliant sales and purchase invoices are required.
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GST Return Filing

The GSTR 4 is a return under GST that needs to be filed once every 3 months by registered taxpayers who have signed up for the composition scheme (those who opt for this scheme are known as compounding vendors). They would be required to pay taxes at a fixed rate without any input tax credit facilities.

The taxpayer is only required to indicate the total consolidated value of supplies made during the period and the tax paid at the composition rate.
The taxpayer will also need to declare invoice-level purchase information for the purchases from normal taxpayers, which will be auto-drafted in Form GSTR 4A from the supply invoice uploaded by counter-party taxpayers in GSTR 1.

GSTR 4 has a total of 13 headings, the taxable person need not worry as most of these will be pre-filled. But we need to understand certain terms:

GSTIN : Goods and Services Taxpayer Identification Number
UIN : Unique Identification Number
UQC : Unit Quantity Code
HSN : Harmonised System of Nomenclature
SAC : Services Accounting Code
POS : Place of Supply of Goods and Services
B2B : From one registered person to another registered person
B2C : From registered person to unregistered person.

When to file GSTR-4?

This return can be filed as soon as the relevant quarter ends. The last day to file the GSTR-4 is the 18th of the month following the end of the quarter. For example, if you are filing the GSTR-4 for the July-September quarter, you have to file it before the 24th of December,

Who should file the GSTR-4 form?

All the taxpayers who have registered under the composition scheme are required to file the tax return. The persons who are not eligible to file GSTR-4 are:

Non-resident Taxable Persons
Taxpayers who are liable to collect TCS
Input Service Distributors(ISD)
The Taxpayers who are liable to deduct TDS
Composition Dealers
Compounding taxable person
Suppliers of OIDAR

Prerequisites for filing GSTR-4

You have to be a registered taxpayer and a composition vendor under the GST.
The aggregate turnover of your business must be less than Rs. 75 lakh per annum.
You should be involved in intrastate trade only.
You need to keep track of all the purchases and imports you have made during this quarter.

GSTR-4 late fees and Penalty

If GSTR-4 is not filed, the penalty of Rs 200 per day is levied. The maximum penalty limit is Rs. 5000

Also, the taxpayer cannot file the current quarterly returns unless they have filed the previous quarter returns.

As per Notification No. 73/2017 – Central Tax late fees for GSTR-4 is brought down to Rs. 50 per day in case of default. Also, the late fee for the filing of NIL GSTR-4 is brought down to Rs. 20 per day in case of delay.

The Role of Suvidha Centers

Suvidha Centers, authorized service providers (GSPs) appointed by the GST Network (GSTN), play a crucial role in assisting taxpayers with their GST compliance. They offer a range of services, including GSTR-4 return filing.

Key Benefits of Using Suvidha Centers for GSTR-4

Simplified Process: Suvidha Centers provide a user-friendly interface and guidance, making the GSTR-4 filing process less daunting for taxpayers. They can help you understand the complexities of the form and ensure accurate data entry.
Time-Saving: By outsourcing the GSTR-4 filing process to a Suvidha Center, you can save valuable time that can be better spent on core business activities.
Accuracy and Compliance: Suvidha Centers have expertise in GST compliance and can help you avoid errors and penalties. They can ensure that your GSTR-4 return is filed accurately and within the prescribed deadline.
Expert Assistance: If you encounter any difficulties or have questions about GSTR-4, Suvidha Centers can provide expert assistance and guidance.

Cost-Effective: While Suvidha Centers charge a nominal fee for their services, the cost can be justified by the time and effort saved, as well as the potential to avoid penalties.

Steps Involved in GSTR-4 Filing through a Suvidha Center

Registration: Find a Suvidha Center that offers GSTR-4 filing services and register with them. You may need to provide your GST registration details and other relevant information.
Data Collection: Gather the necessary data for your GSTR-4 return, including your total turnover and the amount of tax paid.
Submission: Provide the collected data to the Suvidha Center. They will enter the details into the GST portal on your behalf.
Verification: Review the entered details carefully to ensure accuracy. If you find any errors, inform the Suvidha Center for correction.
Filing and Payment: Once the data is verified, the Suvidha Center will file your GSTR-4 return and assist you with making the required tax payment.

Acknowledgment: After successful filing and payment, you will receive an acknowledgment from the GSTN.

Additional Services Offered by Suvidha Centers

Apart from GSTR-4 filing, Suvidha Centers may also offer other GST-related services, such as:

GSTR-1 and GSTR-3B filing
GST registration and amendment
GST refund claims
GST audit assistance
Tax advisory services

Choosing the Right Suvidha Center

When selecting a Suvidha Center, consider the following factors:

Reputation: Look for a Suvidha Center with a good reputation and positive reviews.
Experience: Choose a center with experience in handling GSTR-4 returns and other GST-related services.
Fees: Compare the fees charged by different Suvidha Centers and choose one that offers reasonable rates.
Location: If you prefer in-person assistance, consider the location of the Suvidha Center.

Conclusion

Suvidha Centers can be a valuable asset for taxpayers under the composition scheme. By utilizing their services for GSTR-4 return filing, you can simplify the process, ensure accuracy, and avoid penalties. By following the steps outlined in this guide and choosing a reputable Suvidha Center, you can effectively meet your GST compliance obligations.

FAQ's

GSTR-4 Return Filing

GSTR-4 Return Filing

What is GSTR-4?

GSTR-4 is a quarterly return specifically designed for taxpayers under the composition scheme.

What are Suvidha Centers?

Suvidha Centers are authorized service providers (GSPs) appointed by the GST Network (GSTN) to assist taxpayers with their GST compliance.

Do Suvidha Centers offer GSTR-4 return filing services?

Yes, Suvidha Centers offer GSTR-4 return filing services. They can help you prepare and submit your GSTR-4 return accurately and on time.

GSTR-4 Filing Process

When is GSTR-4 due?

GSTR-4 is due quarterly, within 7 days from the end of the quarter (January, April, July, or October).

What information is required for GSTR-4 filing?

GSTR-4 requires information about your total turnover, the amount of tax paid, and any other relevant details.

How can I prepare for GSTR-4 filing?

To prepare for GSTR-4 filing, you should gather all relevant documents, such as your sales and purchase records.

Can I file GSTR-4 through a Suvidha Center?

Yes, you can file GSTR-4 through a Suvidha Center.

What happens if I make errors in my GSTR-4 return?

If you discover errors in your GSTR-4 return, you can file a revised return.

Can I file a revised GSTR-4?

Yes, you can file a revised GSTR-4 if you discover errors or omissions in your original return.

Benefits of Using Suvidha Centers

Why should I use a Suvidha Center for GSTR-4 return filing?

Using a Suvidha Center can simplify the process, reduce the risk of errors, and ensure timely compliance.

How can Suvidha Centers help me with GSTR-4 return filing?

Suvidha Centers can provide expert guidance, assist with data entry, and ensure that your GSTR-4 return is filed accurately and on time.

Are Suvidha Centers reliable?

Suvidha Centers are authorized by the GSTN and are required to follow specific guidelines and regulations. They are generally considered reliable and trustworthy.

Fees and Charges

Do Suvidha Centers charge a fee for GSTR-4 return filing?

Yes, Suvidha Centers typically charge a fee for their services. The fee may vary depending on the complexity of your return and the services provided.

How can I compare the fees charged by different Suvidha Centers?

You can request quotes from multiple Suvidha Centers and compare their fees and services.

Additional Questions

Can I file GSTR-4 through a chartered accountant or tax consultant?

Yes, you can file GSTR-4 through a chartered accountant or tax consultant.

Can I file GSTR-4 through a tax aggregator?

Yes, you can file GSTR-4 through a tax aggregator.

Can I file GSTR-4 through a registered GST Suvidha Provider (GSP)?

Yes, you can file GSTR-4 through a registered GST Suvidha Provider (GSP).

Can I file GSTR-4 through a GST facilitation center?

Yes, you can file GSTR-4 through a GST facilitation center.

Can I file GSTR-4 through a GST common portal?

Yes, you can file GSTR-4 through the GST common portal.

Can I file GSTR-4 through a GST common portal service provider (CSP)?

Yes, you can file GSTR-4 through a GST common portal service provider (CSP).

Can I file GSTR-4 through a GST common portal authorized service provider (ASP)?

Yes, you can file GSTR-4 through a GST common portal authorized service provider (ASP).

Can I file GSTR-4 through a GST common portal registered user (RUR)?

Yes, you can file GSTR-4 through a GST common portal registered user (RUR).

Can I file GSTR-4 through a GST common portal registered user (RUR) representative?

Yes, you can file GSTR-4 through a GST common portal registered user (RUR) representative.

Can I file GSTR-4 through a GST common portal authorized representative (AR)?

Yes, you can file GSTR-4 through a GST common portal authorized representative (AR).

Can I file GSTR-4 through a GST common portal authorized representative (AR) representative?

Yes, you can file GSTR-4 through a GST common portal authorized representative (AR) representative.

Can I file GSTR-4 through a GST common portal authorized user (AU)?

Yes, you can file GSTR-4 through a GST common portal authorized user (AU).

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