GST Return Filing by Accountant
Stay Compliant with OSBS Accounting Solutions Private Limited
Filing GST Returns is an essential part of the Goods and Services Tax (GST) system. Every GST-registered business must file periodic returns to report their business's GST transactions. OSBS Accounting Solutions Private Limited offers professional GST Return Filing services to ensure your business stays compliant with all tax laws.
What is GST Return Filing?
GST return filing is the process through which a business registered under GST reports its sales, purchases, output GST (tax collected), and input GST (tax paid) to the government. Filing GST returns accurately and on time helps businesses comply with tax regulations and avoid penalties or legal issues.
Types of GST Returns:
Businesses are required to file different types of returns based on their nature of operations, turnover, and type of GST registration. The common types of GST returns include:
GSTR-1: Outward Supply (Sales) details
GSTR-2: Inward Supply (Purchases) details (Currently suspended)
GSTR-3: Monthly summary of returns (auto-populated from GSTR-1 and GSTR-2)
GSTR-3B: Simplified version of GSTR-3 for monthly self-declaration of GST payable
GSTR-9: Annual Return for GST-registered businesses
GSTR-9C: Reconciliation statement for businesses with a turnover exceeding ₹2 crores
GSTR-8: For e-commerce operators to report TCS (Tax Collected at Source)
GSTR-10: Final Return for businesses that have cancelled their GST registration
Why is GST Return Filing Important?
Legal Compliance: It ensures your business complies with GST laws and avoids penalties or legal issues
Claim Input Tax Credit (ITC): Accurate return filing allows you to claim ITC on taxes paid on purchases, which reduces your overall tax liability
Transparent Business Operations: Regular filing ensures transparency in your business’s financial operations
Avoid Penalties: Failing to file returns on time can result in hefty fines, penalties, and interest charges
Smooth Business Operations: GST returns filing ensures a smooth flow of credit and compliance with government regulations
Documents Required for GST Return Filing:
GSTIN (GST Identification Number)
Sales Invoices and Purchase Bills
Purchase and Sale Return details
Proof of payment for taxes paid
Bank statements
HSN (Harmonized System of Nomenclature) Codes for products sold
Tax payments records for the given period
Why Choose OSBS Accounting Solutions Private Limited for GST Return Filing?
Expertise in GST Compliance: Our team is well-versed in GST laws and regulations, ensuring that your returns are filed accurately
End-to-End Service: We handle everything from compiling and organizing your financial data to submitting returns on your behalf
Timely Filing: Our expert accountants ensure that your GST returns are filed on time, helping you avoid penalties for late submissions
Affordable Pricing: We offer GST return filing services at competitive rates, tailored to your business needs
Dedicated Support: Our team is available to assist with any questions or concerns regarding your GST returns or filing process
Accuracy Guaranteed: We ensure that your returns are accurate, minimizing the risk of discrepancies or audits
At OSBS Accounting Solutions Private Limited, we provide comprehensive GST Return Filing by Accountant services to help you manage your business's GST obligations effectively. Our experts ensure that your returns are filed correctly, on time, and in full compliance with GST regulations.
Let us handle your GST return filing while you focus on growing your business. Contact us today for a seamless GST filing experience.
