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Contact us for GST Return Filing Regular process at GST Suvidha Center. To file GST return regular or GST filing, file your regular GST return at GST Suvidha Center.
GST Return Filing Regular
Every registered person paying GST is required to furnish an electronic return every calendar month. A “Tax Return” is a document that showcases the income of a registered taxpayer. Such a document needs to be filed with the tax authorities to pay tax to the government. The tax to be paid by a registered dealer depends upon the income declared by such a person in the tax return filed with the tax authorities.
Who should file?
Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.
The following registered persons are exempt from filing the return:
Input Service Distributors
Composition Dealers
Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)
Non-resident taxable person
Taxpayer liable to collect TCS
Taxpayer liable to deduct TDS
How to revise GSTR-1?
Return once filed cannot be revised. Any mistake made in the return can be rectified in the next periods (month/quarter) return. It means that if a mistake is made in September GSTR-1, rectification for the same can be made in October’s GSTR-1.
What are the different terms used in the document of the proposal?
Uploaded Invoice
The invoices which are uploaded on the portal are called uploaded invoices. Uploaded invoices are the only valid documents to claim the input tax credit. Uploaded invoices shall be continuously visible to the recipient.
Accepted or locked invoice
The invoices which are accepted by the recipient are called accepted or locked invoices. The recipient can avail credit to the extent of these invoices. The invoices which are neither rejected nor kept on pending shall be treated as Deemed acceptance.
Rejected Invoice
Where the GSTN of the invoice is wrongly filled by the supplier, the invoice would appear on the viewing facility of the taxpayer who is not eligible to take the credit. In this case, the recipient shall report such invoices as rejected invoices.
Pending Invoice
This status of the invoice will be because of any of the three following reasons
Supply has not been received.
A recipient is of the view that the invoice needs to be amended.
A recipient is not able to decide whether to take input credit for the time being.
Missing invoices
The invoices which are not uploaded by the supplier and recipient have claimed the credit is called Missing Invoices. The missing invoices shall be reported by the supplier in the main return for any period with interest or penalty as applicable.
The Role of Suvidha Centers
Suvidha Centers, authorized service providers (GSPs) appointed by the GST Network (GSTN), play a significant role in assisting taxpayers with their GST compliance. They offer a range of services, including GSTR-1 return filing.
Key Benefits of Using Suvidha Centers for GSTR-1
- Simplified Process: Suvidha Centers provide a user-friendly interface and guidance, making the GSTR-1 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-1 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-1 return is filed accurately and within the prescribed deadline.
- Expert Assistance: If you encounter any difficulties or have questions about GSTR-1, 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-1 Filing through a Suvidha Center
- Registration: Find a Suvidha Center that offers GSTR-1 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-1 return, including details of your outward supplies, invoices issued, and the corresponding GST liability.
- 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-1 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-1 filing, Suvidha Centers may also offer other GST-related services, such as:
- GSTR-3B and GSTR-4 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-1 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 GST regime. By utilizing their services for GSTR-1 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-1 Return Filing
GSTR-1
- What is GSTR-1?
GSTR-1 is a monthly return that every registered taxpayer under the GST regime is required to file. It serves as a record of outward supplies (sales) made during the month.
- 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-1 filing services?
Yes, Suvidha Centers offer GSTR-1 filing services. They can help you prepare and submit your GSTR-1 return accurately and on time.
GSTR-1 Filing Process
- When is GSTR-1 due?
The due date for GSTR-1 depends on your turnover. For businesses with a turnover of up to ₹5 crore, GSTR-1 is due on the 20th of the following month. For businesses with a turnover of more than ₹5 crore, GSTR-1 is due on the 10th of the following month.
- What information is required for GSTR-1 filing?
GSTR-1 requires information about your outward supplies, invoices issued, and the corresponding GST liability.
- How can I prepare for GSTR-1 filing?
To prepare for GSTR-1 filing, you should gather all relevant documents, such as invoices, bills, and payment records.
- Can I file GSTR-1 through a Suvidha Center?
Yes, you can file GSTR-1 through a Suvidha Center.
- What happens if I make errors in my GSTR-1 return?
If you discover errors in your GSTR-1 return, you can file a revised return.
- Can I file a revised GSTR-1?
Yes, you can file a revised GSTR-1 if you discover errors or omissions in your original return.
Benefits of Using Suvidha Centers
- Why should I use a Suvidha Center for GSTR-1 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-1 filing?
Suvidha Centers can provide expert guidance, assist with data entry, and ensure that your GSTR-1 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-1 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-1 through a chartered accountant or tax consultant?
Yes, you can file GSTR-1 through a chartered accountant or tax consultant.
- Can I file GSTR-1 through a tax aggregator?
Yes, you can file GSTR-1 through a tax aggregator.
- Can I file GSTR-1 through a registered GST Suvidha Provider (GSP)?
Yes, you can file GSTR-1 through a registered GST Suvidha Provider (GSP).
- Can I file GSTR-1 through a GST facilitation center?
Yes, you can file GSTR-1 through a GST facilitation center.
- Can I file GSTR-1 through a GST common portal?
Yes, you can file GSTR-1 through the GST common portal.
- Can I file GSTR-1 through a GST common portal service provider (CSP)?
Yes, you can file GSTR-1 through a GST common portal service provider (CSP).
- Can I file GSTR-1 through a GST common portal authorized service provider (ASP)?
Yes, you can file GSTR-1 through a GST common portal authorized service provider (ASP).
- Can I file GSTR-1 through a GST common portal registered user (RUR)?
Yes, you can file GSTR-1 through a GST common portal registered user (RUR).
- Can I file GSTR-1 through a GST common portal registered user (RUR) representative?
Yes, you can file GSTR-1 through a GST common portal registered user (RUR) representative.
- Can I file GSTR-1 through a GST common portal authorized representative (AR)?
Yes, you can file GSTR-1 through a GST common portal authorized representative (AR).
- Can I file GSTR-1 through a GST common portal authorized representative (AR) representative?
Yes, you can file GSTR-1 through a GST common portal authorized representative (AR) representative.
- Can I file GSTR-1 through a GST common portal authorized user (AU)?
Yes, you can file GSTR-1 through a GST common portal authorized user (AU).
