Essential documents for GST return filing in India include GST-compliant sales and purchase invoices, debit/credit notes, HSN/SAC codes, bank statements, and, for digital filing, a DSC or EVC. Key records required are the GSTIN, invoice numbers, dates, tax breakups (IGST, CGST, SGST), and ITC reconciliation reports.
The main documents required for GST registration of companies are:
When you complete a GST return, you'll need to know:
The following documentary evidence is required to claim a refund under GST by registered tax payer.
Here is a step-by-step guide to file your GST returns online:
No, a Chartered Accountant (CA) is not required to submit a monthly Goods and Services Tax (GST) return in India. The GST return filing procedure is made to be simple to use and enables taxpayers to submit their returns on their own.
File your GST/HST return
Key Documents for Filing RFD-01
Proof of Tax Payment: Submit bank statements, GST returns, and ledgers confirming tax payments. Export Documentation: Attach shipping bills and other export-related documents for export refunds.
GST Return Fees: Rs. 1,000 to Rs. 3,000 per month. Professional Filing Services: Rs.
Qualifying for the GST Refund:
Purchase the goods and request the retailer to capture your information for tourist refund; Spend at least SGD100 (including GST).
Preparing Your GST Return
We recommend assembling supporting documents, such as sales invoices and expenses, and records of GST collected and paid. You should also calculate your output taxes and input taxes. Accounting software such as Xero can streamline this process and improve tracking and reporting.
If your GST turnover is below the $75,000 threshold, you may choose to register. But if you do, regardless of your turnover, you must: include GST in the price of most goods and services you sell. claim GST credits for most business purchases you make.
For GST, the CRA filing and payment deadline is 3 months after your fiscal year end. For GST filed and paid annually, the CRA payment deadline is April 30 and the filing deadline is June 15.
What is the Minimum Turnover Limit for GST Registration? Businesses are required to register for GST and pay tax on their annual turnover if their annual revenue exceeds Rs. 40 lakhs in the case of goods supplied and Rs. 20 lakhs for the supply of services.
Monthly or quarterly returns like GSTR-1 and GSTR-3B handle regular reporting, while the annual return (GSTR-9) summarises everything at year-end. Maintain timely and accurate GST return filings to build a strong financial track record. It improves your eligibility when you apply for a business loan.
Income tax audit report (i.e., Form 3CA or 3CD and Form 3CB);Cost audit report;Internal audit report etc. Cost audit report;Internal audit report etc. Tax invoices; bill of supply; debit notes; credit notes; receipt and payment vouchers; delivery challans etc.
On average, CAs may charge anywhere between Rs. 2,000 to Rs. 15,000 per year for filing GST returns.
Therefore, upon non –filing of GST returns or missing out the GST due dates, the GST law prescribes a general penalty. The maximum penalty that may be imposed is Rs. 5,000. The taxpayer will be required to pay interest on late payment of GST at a rate of 18% annually in addition to the late payment penalty.
GST Return Filing by Accountants is available at ₹998 per month, covering GSTR-1 and GSTR-3B filings. Expert accountants manage return filing using LEDGERS GST software to ensure smooth and hassle-free compliance.
PROCEDURE FOR CLAIMING REFUND
The refund application shall be accompanied with a certification from a Cost Accountant or Chartered Accountant, provided the amount of refund exceeds Rs 2 lakhs.
GST return filing is done through the GST portal and documents need not be attached to the GST return. However, the taxpayer would need to submit information pertaining to B2B invoices issued, B2C invoices issued, credit notes issued, debit notes issued and HSN summary of goods sold.
Certified copy of identity document; and. Original bank statement or ATM/internet generated statement or ABSA eStamped statement not more than three months old that confirms the account holder's name, bank name, account number, account type and branch code.
Filing GST returns is a simple task as taxpayers just need to follow a few steps and furnish relevant details in the prescribed formats.
Late submission penalty. A late submission penalty of $200 is imposed immediately when the GST return is not filed by the due date. A further penalty of $200 is imposed for every completed month that the GST F5/F8 return remains outstanding. The maximum penalty amount for each outstanding F5/F8 return is $10,000.
The answer to this question is yes. It is not mandatory to hire a CA for paying GST. The government has provided an online platform called the GST portal, where taxpayers can register and file their GST returns themselves.