Indian tax law needs the strategic approach and a spectrum of ploys so that you are well placed for tax savings.
You can have our services as follow:
- Replying to a range of Income Tax Notices
- Attaining incorrect demand removed and getting refunds, if any
- Personal Tax Compliances – Compiling and filing of Tax return
- Tax Implication on every transaction which involve Income element
- Advance tax calculations and deposit on quarterly basis
- Deposit of self-assessment tax and tax on regular assessments etc.
Compliance services
- Assistance in obtaining registrations under GST or other statutory legislations as required
- Review of periodic computation of tax liabilities
- File obligatory legal applications with diverse authorities
- Authentication of input tax credit records
- Identification of ineligible credits
- Assistance in preparing and filing periodic return(s)
- Provide GSP/ASP solutions for seamless execution of monthly compliances
Return Filling
The majority of the indirect taxes - for which returns were filed independently for different businesses - have been subsumed. It is one of the important aspects and aims after introducing GST in India. These days, whether one is a manufacturer, trader, reseller, or service provider, he/she needs to file GST returns online in India, in the approved formats.
There are 19 GST return forms Under GST that the tax payers use to file GST returns online. All these forms are needed to be e-filed as per the GST return filing procedure laid down in the GST return rules section of the GST Act.
Irrespective of profitability, sale and business activity, during the return filing period, GST return filing is compulsory for all organizations having GST registration. Therefore, even an inactive business that obtained GST registration must file GST return. All entities having GST registration are needed to file GST returns, as per the due date schedule for the GST return. Parikh & Associates provides apt GST return filing service in Ahmedabad.
The normal time to file a GST return is about 1 - 3 working days, subject to government processing time and client document submission.
GST registration holders are required to file business details as following:
- GSTR-1 (details of outward supplies) on the 10th of each month,
- GSTR-2A (details of inward supplies) on the 15th of each month
- GSTR-3B (monthly return) on the 20th of each month. Due to GSTN Technical glitches now GSTR 3B due dates are staggered manner where due dates are as follows.
- 20th for persons whose Annual turnover in previous finacial year is more than 5 crore.
- 22nd for Gujart Chhattisgarh, Madhya Pradesh, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh for persons whose aggregate turnover during previous year is less than Rs. 5 Crore (i.e. for small & medium size taxpayers).
- 24th for Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha for persons whose aggregate turnover during previous year is less than Rs. 5 Crore (i.e. for small & medium size taxpayers).
- Dealers registered under the GST composition scheme are required to file GSTR-4 Annualy, on 18th of the month next to the quarter need to pay tax by filling CMP -08.
- The annual GST return is to be filed by all GST registered entities on/before the 31st of December.
Parikh & Associates is an experienced team of professional service provider providing timely and accurate Routine Compliance & Return Filling services
We provide assistance in compliance procedure adhering to Income Tax and Goods and Service Tax provisions including return filling under relevant Act.