Taxes can be time-consuming
You have to file GST every month, period. Even if you are liable to zero GST, you still have to officially fill out forms every month.
Improper tax filing leads to missed opportunities
Many businesses qualify for GST refunds and credits but may be unaware of it. A lot of money gets left at the table.
The smallest mistakes can lead to huge penalties
Businesses can be liable to high-interest payments of 18% for the smallest mistakes in GST filings, and they may even receive GST notices, leading to further complications.
Meet the all-star team of chartered accountants, financial advisors, and tax experts at GST Manager. With our powerful yet simple GST filing software and real human support in real-time, we provide the best expert financial services your business deserves.
How to file GST monthly returns online?
For GST monthly return filing, you must first compile all your invoices, credit notes, debit notes, and other documents from the past month. Then, you can partner with a robust, end-to-end service platform like GSTManager to file and manage your GST documentation seamlessly.
What happens if the GST return is not filed for 6 months?
If businesses continue to delay their GST payments month after month, even after receiving notices, it can lead to penalties or complete cancellation of the GST registration.
Who has to file GSTR-3B monthly?
Companies or individuals with a GST registration must file GSTR-3B even if they haven't done business in the given period.
Is it necessary to file for GST returns monthly?
According to the GST laws, businesses with an annual turnover of over 5 crores or individuals who have not opted specifically for the QRMP scheme must file returns monthly. Businesses that opted for the QRMP scheme are required to file IRR monthly and GSTR 1 and 3B Quarterly.