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File Your
GST Annual
Returns
GST Annual Return is a comprehensive summary of all the transactions undertaken by a registered taxpayer during the financial year. It provides details of sales, purchases, input tax credit availed, tax liability, and payment made by the taxpayer.
At Future Tax, we specialize in assisting businesses in India with the filing of their Goods and Services Tax (GST) annual return. Our expert guidance and assistance ensure accurate and timely filing, minimizing any potential penalties or issues.
Filing GST Annual Return offers various benefits to businesses, including:
Compliance: Fulfill your legal obligation to report your entity’s income and pay taxes accurately.
Transparency: Provide a comprehensive overview of your business transactions to tax authorities.
Input Tax Credit Reconciliation: Reconcile input tax credit availed with actual purchases to ensure accuracy.
Business Insights: Gain insights into your business performance and financial health.
Required
Documents
for Filing
Sales Invoices
Purchase Invoices
Input Tax Credit Details
Bank Statements
Any other documents as required by the GST authorities
Steps for
Annual GST Filing
01.
Data Compilation:
Gather all relevant sales and purchase data for the financial year, including invoices, receipts, and other supporting documents.
02.
Reconciliation:
Ensure all input tax credits claimed match with purchases and expenses recorded in your accounts. Reconcile any discrepancies before proceeding.
03.
Filing Form GSTR-9:
Fill out Form GSTR-9 with accurate details of sales, purchases, input tax credit, and other required information for the entire financial year.
04.
Verification and Validation:
Review the filled form for accuracy and completeness. Validate all figures and ensure compliance with GST rules and regulations.
05.
Submission and Payment:
After verification, submit Form GSTR-9 online through the GST portal. Pay any outstanding tax liability, if applicable, before the due date to avoid penalties.
How it
Works
Initial Consultation
Contact us for an initial consultation to discuss your GST annual return filing needs and objectives.
Document Collection
Provide necessary documents such as sales invoices, purchase invoices, and tax payment details for the financial year.
Return Preparation
Our experts prepare and file your GST annual return accurately and timely.
Review and Submission
We review the GST annual return for accuracy and submit it electronically to the GST portal.
Full Control
Enjoy complete control over your business decisions.
Tax Benefits
Benefit from personal tax rates as income is considered the owner's income.
Easy to Start
Minimal regulatory requirements make it easy to start.
Low Compliance
Fewer compliance requirements compared to other business structures.
Benefits Of
Annual GST Return Filing
• Compliance with GST Laws
Annual return filing ensures compliance with GST regulations, demonstrating that the business has accurately reported its financial activities related to GST throughout the year.
• Input Tax Credit Verification:
It allows businesses to reconcile and verify the input tax credits claimed against the purchases made during the financial year, ensuring correct utilization of credits and avoiding any potential reversals.
• Transparency and Accountability:
By filing annual returns, businesses maintain transparency in their financial transactions related to GST, which enhances credibility and trustworthiness with tax authorities and stakeholders.
• Audit Trail
It provides a comprehensive audit trail of GST transactions, making it easier to track and verify financial activities, which can be helpful during internal audits or if required by tax authorities.
Additional Services
List of Our Services
PAN and TAN Application:
- Obtain your Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Accounting and Bookkeeping:
- Keep your financial records in order with our expert services.
Compliance Services:
- Ensure your business complies with all legal requirements.
Trademark Registration:
- Protect your brand with trademark registration.
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