#GSTR-3B format

[intellion]

Tally Tips and Tricks: Streamlining Your Financial Processes

Tally, one of the most popular accounting software solutions, is known for its robust features and user-friendly interface. Whether you're a seasoned accountant or a small business owner, mastering Tally can significantly enhance your financial management efficiency. At [Your Training Institute], we’re committed to helping you make the most out of this powerful tool. Here are some valuable tips and tricks to optimize your Tally experience.

1. Utilize Shortcut Keys for Speed and Efficiency

Tally offers a range of shortcut keys that can save you time and streamline your workflow. Here are a few essential ones:

F1: Select Company

F2: Change Date

F3: Select Company

Alt + C: Create a new ledger or master item on the fly

Ctrl + A: Accept a form or screen

Memorizing and using these shortcuts can significantly speed up your data entry and navigation in Tally.

2. Customize the Tally Interface

Tailoring the Tally interface to your preferences can make your work easier and more efficient:

Change Screen Resolution: Adjust the screen resolution to match your monitor for a clearer view.

Custom Fields: Add custom fields to forms and reports to capture additional information relevant to your business.

3. Leverage Tally’s Powerful Reporting Features

Tally’s reporting capabilities are extensive. Here are some tips to get the most out of them:

Configure Reports: Customize report formats to include only the information you need.

Use Filters: Apply filters to reports to focus on specific data, such as date ranges or particular ledger accounts.

Export Reports: Export reports in various formats (PDF, Excel) for easy sharing and analysis.

4. Implement Security Controls

Protecting your financial data is crucial. Tally offers several security features:

User Roles and Permissions: Define user roles and set permissions to control access to sensitive data.

Password Protection: Use strong passwords for company data files and ensure they are changed regularly.

Audit Trail: Enable the audit trail feature to keep track of all changes made in the accounts.

5. Automate Repetitive Tasks

Automation can help reduce errors and save time:

Recurring Entries: Use the recurring journal entries feature for transactions that occur regularly, such as monthly rent or utility payments.

Auto Bank Reconciliation: Automate the bank reconciliation process by importing bank statements directly into Tally.

6. Use Tally’s Integrated GST Features

Tally makes GST compliance straightforward:

GST Configuration: Ensure your GST settings are correctly configured based on your business requirements.

Generate GST Reports: Easily generate GST returns and reports, including GSTR-1, GSTR-3B, and more, directly from Tally.

7. Backup Your Data Regularly

Regular backups are essential to prevent data loss:

Manual Backup: Use the backup feature in Tally to create manual backups of your data files.

Automatic Backup: Set up automatic backups to ensure your data is regularly saved without manual intervention.

8. Stay Updated with the Latest Tally Versions

Tally regularly releases updates and new features:

Update Notifications: Keep an eye on update notifications and install the latest versions to benefit from new features and improvements.

Training and Support: Take advantage of training resources and support offered by Tally and [Your Training Institute] to stay current with the software’s capabilities.

Conclusion

Mastering Tally can significantly enhance your financial management processes, providing you with powerful tools to manage your business efficiently. By leveraging these tips and tricks, you can optimize your use of Tally and unlock its full potential.

At [Your Training Institute], we offer comprehensive Tally training programs designed to help you become proficient in using this essential software. Whether you're a beginner or looking to enhance your existing skills, our expert-led courses provide the knowledge and hands-on experience you need to succeed.

Ready to take your Tally skills to the next level? Explore our training programs at [Your Training Institute] and start streamlining your financial processes today.

[labdiamondfactory]

Navigating Tax Compliance: The Best GST Return Services for Businesses

In the complex world of taxation, compliance with Goods and Services Tax (GST) regulations is paramount for businesses of all sizes. From filing accurate returns to adhering to strict deadlines, managing GST obligations can be a daunting task, especially for entrepreneurs and small businesses with limited resources. Fortunately, a plethora of GST return services have emerged to assist businesses in navigating the intricacies of tax compliance efficiently and effectively. In this article, we'll explore some of the best gst return services in delhi available, offering features that simplify the process and ensure seamless compliance.

1. ClearTax GST:

ClearTax GST is a popular choice among businesses seeking comprehensive GST return services. With its user-friendly interface and intuitive features, ClearTax simplifies the entire GST compliance process, from registration to return filing. Key features include automated data validation, invoice matching, and error detection, ensuring accuracy and compliance with GST regulations. Additionally, ClearTax offers real-time tracking of return status and expert assistance from Chartered Accountants for personalized support and guidance.

2. Tally.ERP 9:

Tally.ERP 9 is a trusted accounting software widely used by businesses for GST compliance and financial management. With its GST-ready features, Tally simplifies the process of generating GST-compliant invoices, filing returns, and reconciling data with minimal effort. The software offers customizable templates for various gst filing in chennai, including GSTR-1, GSTR-3B, and GSTR-9, catering to the diverse needs of businesses across industries. Tally also provides timely updates to incorporate changes in GST regulations, ensuring ongoing compliance for users.

3. QuickBooks GST:

QuickBooks GST is a cloud-based accounting software designed to streamline GST compliance for small and medium-sized businesses. With its user-friendly interface and robust features, QuickBooks simplifies invoicing, expense tracking, and GST return filing, saving time and effort for users. The software offers automated calculation of GST liabilities, seamless integration with bank accounts and payment gateways, and customizable reports for better insights into business finances. QuickBooks also provides multi-user access and mobile apps for on-the-go management of GST obligations.

4. Zoho Books:

Zoho Books is another popular choice for businesses seeking GST return services with comprehensive accounting capabilities. With its intuitive interface and automation features, Zoho Books simplifies GST compliance by streamlining invoicing, expense management, and reconciliation tasks. The software offers customizable GST templates, automated tax calculations, and real-time reporting for accurate and timely filing of GST returns. Zoho Books also integrates seamlessly with other Zoho applications, providing a holistic solution for business management.

5. GSTZen:

GSTZen is a specialized gst return filing in chennai that caters to the unique needs of businesses seeking simplified compliance solutions. With its intuitive interface and automated processes, GSTZen makes it easy to upload, validate, and file GST returns seamlessly. The platform supports multiple GST return formats, including GSTR-1, GSTR-3B, and GSTR-9, and provides error detection and reconciliation features to ensure accuracy. GSTZen also offers bulk filing capabilities, making it ideal for businesses with high transaction volumes.

Conclusion:

Navigating GST compliance can be a complex and time-consuming process for businesses, but with the right GST return services, it becomes significantly more manageable. Whether it's automating data validation, simplifying return filing, or providing expert assistance, these services offer a range of features to streamline GST compliance and ensure accuracy. By leveraging the best gst return services in pune available, businesses can minimize the risk of errors, reduce administrative burdens, and focus on driving growth and success in the competitive marketplace.

Source Url:- https://sites.google.com/view/labdiamondfactorycom99/home

[mygstrefund]

GSTR-3B Guide: Return Filing, Format, Revision, and Due Dates

Explore the essentials of GSTR-3B, covering return filing procedures, format details, revision guidelines, and important due dates for efficient compliance in 2023.

Read Our Detailed article in the below link 👇- https://www.mygstrefund.com/GSTR-3B-Return-Filing-Format-RevisionandDueDates/

THANKS FOR READING!

We provide GST refund solutions for customers.

To know more please visit: www.mygstrefund.com Contact Us: - +91 9205005072 Mail- info@mygstrefund.com

[neeraj943]

Chartered accountant firms

We are prominent Chartered Accountants in Delhi. We offer accounts outsourcing, auditing, company formation in India, Business taxation, Tax consulting in India, etc. Best Chartered Accountant in Delhi GST Discounts on Products In the domain of worldwide exchange, the Labor and Products Duty (GST) has achieved a progressive change, smoothing out processes and advancing the simplicity of carrying on with work. The ability to claim GST refunds on exports is one of the main benefits of GST for exporters. Let's go on a journey to learn the ins and outs of this process.

Chartered accountant firms

1. Eligibility Requirements to Make a GST Refund Claim on an Export Exporters are eligible to make a GST refund claim on an export if they meet certain eligibility requirements. To be qualified, an exporter must: have exported goods or services, even if they were deemed to be exported. Have substantial GST enrollment. Have paid IGST (Integrated GST) on exports or accumulated input tax credit (ITC) on input and input services, and submit a valid GSTR-3B return. 2. Sending out Labor and products under GST Sending out under GST envelops both the actual development of merchandise across borders as well as the stock of administrations to an unfamiliar element. Trades are treated as "zero-evaluated supplies," suggesting that the sent-out merchandise/administrations are charged an ostensible GST pace of 0%. This is finished to advance seriousness in the global market and forestall the twofold tax collection from labor and products. 3. GST Discount Cycle for Exporters The most common way of asserting GST discounts on trades includes the accompanying advances: Exporters are required to submit Form GSTR-1 detailing their exports. The beneficiary of the products/administrations ought to affirm the receipt by recognizing the subtleties referenced in the GSTR-2A structure. Exporters then, at that point, need to outfit Structure GSTR-3B, including the subtleties of their commodities. The discount sum will be credited to the ledger of the exporter after a due check by the duty specialists. 4. Documents to Attach for Export GST Refunds When applying for an export GST refund, exporters are required to attach a set of supporting documents. The most common of these are Copies of the export or shipping bill. Duplicate of the commodity receipt. Duplicate of the pertinent bank acknowledgment testament. A statement affirming that the ITC has not been guaranteed. Some other reports as determined by the specialists. 5. Correction on Form GSTR-1 Exporters can make corrections on subsequent returns if there are inconsistencies or modifications required on the Form GSTR-1 after it has been submitted. The accuracy of the export details can be ensured by making corrections to the data in subsequent GSTR-1 returns. 6. Changes or corrections to Form GSTR-3B can be made in subsequent months if they are required after the form has been submitted. This adaptability permits exporters to correct any blunders or errors that might have emerged during the underlying recording. In conclusion, the export GST refund system is an important incentive for exporters that helps international trade grow. By zero rating sent out, GST guarantees that Indian labor and products stay serious on the worldwide stage. Nonetheless, exporters should comply with the specified strategies and rules to guarantee their discounts effectively. The smoothed-out process benefits organizations as well as adds to the country's economy by supporting products and upgrading exchange connections around the world.

For more details - https://neerajbhagat.com/

[auditorsandsecretaries]

Company Formation In Chennai

Company Formation in Chennai

Company Formation in Chennai The company formation is the highest position in any organization and is responsible for overseeing the effective management of the company. This person is also known as the company secretary, and they are required to ensure that the organization complies with all established laws and regulations. To join the organization as formation, you must pass the CS exam passed by the Indian Association of Business Secretaries. Students are divided into three levels.  graduate students are divided into two levels, the former is senior, management and professional, and the latter is the only manager and professional. Some key scholars are offering various company secretarial courses in Zelayur, Chennai. All centers are conveniently located. Whether preparing an agenda for a company or following up on an agenda, the duties of a secretary are commonplace. Nowadays, as the demand for CS continues to grow, many of them are learning about company secretarial services. Company  formation. The company secretary of Chennai GST is India’s largest tax reform, which has significantly improved the business and increased the taxpayer base in India, including millions of small businesses. GST was launched in India on July 1, 2017.Under the new GST system, more than 1.3 million companies have been registered in India, and GST has been registered. By eliminating multiple taxes and integrating them into a simple system, tax complexity can be reduced. Submit 2 monthly reports and 1 annual report every year. The organization must submit a GSTR-3B report every month, which lists sales and purchases within a month. Companies with annual income must submit GSTR-1 monthly. Quarterly application fee of more than Rs 5 crore / less than Rs 15 crore. Before the cancellation, the agent will send a notice to those who may cancel the GST registration and ask them to provide reasons within seven working days from the date of the notice. After obtaining the consent of the central government and going through appropriate legal procedures. the council issued the710/1 (M)/1 (1410GI/14) dated April 1, 2014 in the Indian Bulletin, Part Three, Section 4 (Extraordinary). The notice amended the 1982 “Company Secretariat Regulations” to change the training structure for students of the company secretariat courses. The revised training structure applies to:-The company formation(Cf) is one of the company’s main positions and a seeker of the company’s conscience. A qualified company secretary was hired to handle the company’s legal issues. Company Formation In chennai executive courses and professional courses for all graduates and doctoral candidates (excluding visual arts) and those who pass the ICSI Foundation exam and if they pass the exam. Public accountant in India The Common Proficiency Test (CPT) of the Association Foundation or the Institute of Certified Public Accountants of India or India or other accounting institutions in India does not need to participate in the foundation for those staying abroad recognized by the board of the institution. Read the full article

[ebizfiling01]

GST return forms- Different types of GST returns in India

What is the Goods and Services Tax (GST)?

The goods and services tax (GST), a value-added tax, is levied on the majority of goods and services that are offered for domestic use. Although businesses that provide goods and services are also required to pay the GST to the government, it is an indirect tax that consumers must pay. In reality, the GST produces revenue for the government through the filing of numerous GST Returns.

What does a GST return ?

Various entities must file the tax return forms known as GST returns to the Indian Income Tax authorities.

A GST Return Form must include details about all purchases, sales, output GST (on sales), and input tax credit (GST paid on purchases) in order to calculate the assessee’s GST owed for a particular tax period.

Depending on the multiple pertinent factors, current GST returns can be filed on a monthly, quarterly, or annual basis and come in a variety of formats. The following list of categories for GST filing forms:

1. GSTR 1

GSTR 1 has a record of all sales. During the reporting month, the suppliers will be expected to use this form to report their outbound supplies. By the 11th of the next month, all registered taxpayers are normally required to file their taxes.

Who is required to submit GSTR 1?

Every registered taxpayer is required to submit a GSTR 1 form each month.

If the taxpayer’s total annual revenue exceeds INR 1.5 crores, he may file on a quarterly basis.

GSTR 1 Due Date: On a monthly basis, the 11th of the next month.

2. GSTR 2

A regular dealer is required to fill out Form GSTR-2 for each inward supply made throughout the month. The standard requirement is that all incoming supply from registered businesses, including those for which reverse charge tax must be paid, must be recorded at the invoice level.

In addition to inbound supplies, information on advances paid on supplies subject to reverse charge and the advance amount for which tax was paid in a previous return period but the invoice was received in the most recent reporting period must be disclosed.

Remember that the GST Council suspended the GSTR-2 purchase return at its 23rd meeting due to the convoluted form structure.

3. GSTR 2A

The receiver can obtain all the incoming supplies that your provider revealed on GSTR-1 through GSTR-2A, an automatically created statement. The data will be made accessible upon the return’s Portal submission. The information from GSTR-5 (Supplies from Non-resident Taxable Person), GSTR-6 (ISD), GSTR-7 (TDS Deductor), and GSTR-8 (TCS collected by e-commerce operator) will also be included in the auto-populating data in addition to the information from GSTR-1.

The GSTR 2A form must be submitted by whom?

It is an automatically filled-out form.

4. GSTR 3

A combined monthly report called the GSTR-3 contains data on tax liabilities, tax collected on exiting goods, and tax paid by registered people on entering supplies. The process is automatically filled out using the GSTR-1 and GSTR-2 of the registered person. With little to no operator intervention, the system would be updating records.

Be informed that due to the form’s complex structure, the GST Council stopped the GSTR-3, or input-output return, during its 23rd meeting.

5. GSTR 3B

The GSTR-3B monthly self-declaration must be submitted by a registered merchant. The return’s goal is for taxpayers to declare their total unpaid GST liabilities for the tax period and to immediately discharge those liabilities. It is a streamlined summary return of inward and outward supplies.

Who is required to submit GSTR 3?

Even for Nil returns, everyone who registered for GST is required to file the GSTR-3B return.

GSTR 3B Due date: The 20th day of every month for businesses with sales of at least Rs. 5 crore. For taxpayers with smaller sales, the due date would be either the 22nd or 24th day of the month, depending on the state from where they are filing.

5. GSTR 4 / GST Form CMP 08

Composition vendors are CMP 08 registered taxpayers who have enrolled in the composition system and who are required to submit GSTR-4 once every three months. The Composition Scheme allows taxpayers with reported income up to Rs. 1.5 crores to opt in and pay taxes on that income at a fixed rate. The former GSTR 4 has been replaced by Form GST CMP08. Information about imports and exports, including the taxes paid on those imports and exports as well as the interest owed, is requested on the CMP-08 statement cum challan.

Starting CMP-08 in April 2019 was a wise decision. A CMP-08 return must be filed every quarter.

Who must submit the CMP-08 (GSTR-4) form?

Tax payers who opted for the composition plan

The CMP 08 form must be filed by the 18th of the following month, on a quarterly basis.

6. GSTR 5

The GSTR-5 form must be submitted by any registered non-resident taxpayer who is required to submit a monthly return through the GST Portal. Suppliers who have been to India for business purposes but do not have a permanent place of business are regarded as non-resident taxable individuals.

Who must file Form GSTR 5?

The 20th of the following month is the due date for each non-resident taxpayer who has enrolled for GSTR 5 on a monthly basis.

7. GSTR 6

Businesses that are also input service distributors must submit Goods and Services Tax Return 6 each month. This report must detail the inbound supplies obtained from and outbound purchases made from other registered taxpayers (B2B), as well as how input tax credits were distributed among the company’s branches.

Who is required to submit GSTR 6?

By each and every Input Services Provider

GSTR 6 Due on the 13th of the following month.

8. GSTR 7

Taxpayers who deduct tax from payments they make to vendors or suppliers for the inward supplies they have received must file the GSTR 7 form or statement. Your return must include all the details of the transactions from which TDS was subtracted, as well as a detailed list of your suppliers.

Who must submit a GSTR 7?

every enrolled taxpayer who withholds tax from payments.

GSTR 7 The 10th of each month is the deadline.

9. GSTR 8

Every month, e-commerce businesses must submit GSTR 8 statements. It must detail the supplies made to customers through the taxpayer’s e-commerce site by both registered taxable people and unregistered individuals, as well as the basic information about the customers and the total amount of tax collected at source (TCS), tax payable, and tax paid.

Who is required to submit GSTR 8?

By e-commerce businesses owners

GSTR 8 is due on the tenth of the following month.

10. GSTR 9

Every taxpayer who has registered for GST is required to submit their yearly returns in a certain manner. That form is known as the GSTR 9. GSTR-9 contains details on the supplies made and received throughout the year under the different tax heads, CGST, SGST, and IGST. The information presented in the monthly/quarterly returns for the particular year is compiled. GSTR 9 is no exception to the tax agency’s stringent compliance with any legal infractions. If the taxpayer files GSTR 9 late or not at all, they may be subject to severe penalties.

The deadline for submitting the GSTR-9 is December 31 of the preceding year. For ex, December 31, 2018, for the fiscal year 2017–18.

Who must submit a GSTR 9?

Regular taxpayers who file GSTRs 1, 2, 3, and 3B during the fiscal year are required to submit this form.

GSTR 9 is due on December 31 of the next calendar year. Annually.

11. GSTR 9A

The GSTR-9A is a simplified annual return that business owners who have selected the GST composition plan must submit. Each and every quarterly return that the compounding dealers filed during that fiscal year is included in this form.

Who is required to submit GSTR 9A?

Those taxpayers who choose the composition plan.

GSTR 9A Due date: December 31 of the following calendar year Annually.

12. GSTR 9B

GSTR-9B is a summary of the data that taxpayers who are registered as GST E-commerce firms have supplied in GSTR-8.

Who is required to file GSTR 9B?

To be submitted by an online store owner.

13. GSTR 9C

GSTR 9C is a statement of reconciliation between the information from the taxpayer’s annual returns filed in GSTR 9 for a specific fiscal year and the data from its audited financial statements. Registered taxpayers must submit the GSTR-9C return form if their aggregate income exceeds Rs. 2 crores. Reconciliation statements that compare the value of the supplies mentioned in the return supplied for the financial year to those declared in the contested case must also be submitted, together with a copy of the taxpayer’s audited annual accounts.

Who is required to submit GSTR 9C?

Taxpayers who are enrolled and whose aggregate income is greater than Rs.

Individuals who are subject to an audit under Section 35 of the CGST Act

GSTR 9C due date: 31st December of next financial year.

14. GSTR 10

GSTR 10 and the Annual GST Return are not the same. It is always provided as the last GST return. A registered taxpayer must file this return within three months of the cancellation date or the day the cancellation order was authorized if they decide to renounce their GST registration.

A taxpayer who wants to cancel their GST registration must complete form GSTR 10.

GSTR 10 The payment is required within three months of the date of cancellation or the date of the cancellation order, whichever is later, when the registration is cancelled or turned in.

15. GSTR 11

Every Unique Identification Number (UIN)-holding registered firm or individual is only needed to submit a Goods and Services Tax Return 11 during the months in which they make purchases for their own use and are eligible to get a tax credit or refund.

Who is required to submit GSTR 11?

Each Unique Identity Number (UIN) holder is obliged to submit a GSTR-11 return.

The 28th of the month after the month in which the statement is filed is the deadline for GSTR 11 on a monthly basis.

After-the-deadline GST return filing penalties

The rules for the GST late filing penalty are as follows:

A person is late with information on supplies coming in or going out, with a monthly return, or with a final return. GST late reporting fines range from INR 100 to INR 5,000, depending on how long the error continues uncorrected.

Failure to file the annual report by the due date: The GST late filing penalty is INR 100 every day that the failure continues, up to a maximum of 25 percent of the person’s income in the state where he is registered.

Interest on late filing of GST Return

The following details have been published for the GST late payment penalty, even if the interest rates for the linked offenders’ GST fines have not yet been disclosed:

A tax-payer who ought to have paid their taxes fails to: The GST payment regulations state that interest on taxes owed will be calculated as of the first day the taxes were due to be paid.

An excessive or unauthorised claim for input tax credits or a decrease in output tax liabilities are made by the individual.

Interest on the amount owed will be added to the receiver’s liabilities if the service recipient does not pay the service provider within three months of the date the supplier sent the invoice for the service, along with any relevant tax.

[rankertopgoogle]

Trademark Search

Gst Return Filing Bangalore

Gst Return filing in Bangalore is simple and smooth with Team IN filings Gstoffice.

 Our Team Provides a standard input file for you to share your business monthly summarized report of your business purchases and sales in excel format so that we can review it and prepare the report for filing with the Gst office.

 Gst returns in Bangalore must be done on time, regardless of whether it is sales or business and services.

 Gst returns submission in Bangalore is required for each month or quarterly and every year, given the timetable for each Gst business registered with India.

  Following the Gstrules and regulations, failure to file Gst can result in penalties for late filing, a fine, interest, and, finally, the cancellation of the Gst Account.  

Types of Gst return

Gst return has two types (namely GSTR-1 and Gstr-3B Return)

 Gstr-1 Monthly or quarterly invoice-wise upload. You must provide the invoices for sales or services to upload the invoices into your Gst account. The deadline for monthly Gstr-1 invoices is the 10th day of the following end of the Month. For quarterly returns, it's the 13th of next quarter.

 How do I file Gstr-1

·         Log into GST official website Gst.gov.in ·         Select the Return period and fill in the Gstr-1 with Team IN Filings ·         Verify the information before submitting, verify it before submitting it, and then. You will be sent confirmation of your number(Receipt) by email, along with your mobile number. ·         Pay the amount via the second stage of Gstr-3b Return as Step 2 of the payment. ·         The Gst portal provided the Gstr-1 receipt that you filed.

 How do I file Gstr-3b?

·         Log into GST official website Gst.gov.in ·         Choose the Return period, complete the Gstr-3B form with most of the information that flows through GSTR1 and examine and modify the input credit supplied by Team IN filings. Team IN Filings ·         Check the information before submitting, and then verify the information before submitting it, and then. You will be sent the reference number(Receipt) by email and the mobile number. ·         Make the payment in the event of a shortage of credit for input. ·         A Gstr-3B-filed receipt was provided by the Gst portal.

 Gst Filing Due dates in Bangalore

Each Gst business owner is required to submit their business transactions by the deadline date.

Following the new rules, non-filing for three months results in Gst suspension.

 Gst due date:

·         Gstr-1: the 10th of each Month's end. To the option of a monthly subscription. ·         Gstr-1 13th of the next Qtr. For the Quarterly option ·         Gst due date for Gstr3B: ·         Gstr-3B, 20th end of each Month for the monthly option ·         Gstr-3B, 23rd day of the end of each Month as an advance payment to the optional on a quarterly period.

  Details Required for GST Filing in Bangalore

Below is the input form required to fill out for the GST.

·         Monthly report on sales, purchase information ·         B2c sales Summary report ·         Credit classification of the input following actuals ·         Upload the file- input data preparation. ·         Check the draft before sending ·         Final submission together with the challan preparation.

 You must add all invoice-related information to the GST-1 and file the Gst-3b forms. GST filing is online. Therefore, you must ensure data provided to Team IN filings is accurate.

 The fee for filing Gst Return in Bangalore

In conformity with the GST Act, the Government does not charge any fees for filing GST returns.

Fees are payable to professionals, tax consultants, or auditors who charge fees for their time and advisory services on the latest Gst modifications, etc.

 ·         The general rule is that it starts at RS.500 and can go up to 10,000 Gst returns, as well as advisory services based on experts' involvement and advisory function.

 Note that the non-filing of Gst can result in the addition of a late fee to Gst cancellation. Hence, filing the return by the deadline is the best way to ensure good governance.

 The Team In filings professionals in GST return filing as well as Gst advice Service, Gst consultancy, and Management have been providing Gst filing-related services from the day one of GST's implementation in India.

The Team In filings Bangalore based Business consultants, providing GST registration, Company Registration, LLP Registration and Trademark Registration Consultant Associates and professionals practicing from last 15+ years in Bangalore, providing host of services including Business setup, Trademark registration, Trademark objection filing, Trademark hearing etc,

Team IN provides all types of Company Registration, GST services, Tax return filing as well as Gst advice Service, Tax consultancy, and Management have been providing various tax planning, business setup filing-related services from the 15 years in India.

 Find your Team IN Filings GST consultancy, Trademark Registrationconsultant to get your NewCompany, brandfast and efficiently with our Team member and get an expert advice to help you with building new Business, new Brand or Logo registration advise, Trademark renewal update. 

Our other services includes Tax rules periodical update, business and Trademark status, tax compliance, GST support invoicing software and filing software that is free. GST invoicing, cloud-based filing software, as well as Accountants Assistance. GST Filings 5K+ is registered. Rapid and reliable Company service provider in Bangalore. Karnataka.

  Contact Team IN Filings

Trust our dedicated Team of professionals to get your New Gst Filings today. 

 Get in touch with our Team today and get a FREE consultation!

Reach us to manage your Accounting, Gst, Tax services, and Trademark.

 Call at +91-7019827351 team@teamIndia.co.in to get your GST R filing today!

https://teamindia.co.in/

[danishkhan786]

Gst Return filing Bangalore

Gst Return filing in Bangalore is simple and smooth with Team IN filings Gstoffice.

Our Team Provides a standard input file for you to share your business monthly summarized report of your business purchases and sales in excel format so that we can review it and prepare the report for filing with the Gst office.

Gst returns in Bangalore must be done on time, regardless of whether it is sales or business and services.

Gst returns submission in Bangalore is required for each month or quarterly and every year, given the timetable for each Gst business registered with India.

Following the Gstrules and regulations, failure to file Gst can result in penalties for late filing, a fine, interest, and, finally, the cancellation of the Gst Account.

 

Types of Gst return

Gst return has two types (namely GSTR-1 and Gstr-3B Return)

Gstr-1 Monthly or quarterly invoice-wise upload. You must provide the invoices for sales or services to upload the invoices into your Gst account. The deadline for monthly Gstr-1 invoices is the 10th day of the following end of the Month. For quarterly returns, it's the 13th of next quarter.

How do I file Gstr-1

·         Log into GST official website Gst.gov.in

·         Select the Return period and fill in the Gstr-1 with Team IN Filings

·         Verify the information before submitting, verify it before submitting it, and then. You will be sent confirmation of your number(Receipt) by email, along with your mobile number.

·         Pay the amount via the second stage of Gstr-3b Return as Step 2 of the payment.

·         The Gst portal provided the Gstr-1 receipt that you filed.

How do I file Gstr-3b?

·         Log into GST official website Gst.gov.in

·         Choose the Return period, complete the Gstr-3B form with most of the information that flows through GSTR1 and examine and modify the input credit supplied by Team IN filings. Team IN Filings

·         Check the information before submitting, and then verify the information before submitting it, and then. You will be sent the reference number(Receipt) by email and the mobile number.

·         Make the payment in the event of a shortage of credit for input.

·         A Gstr-3B-filed receipt was provided by the Gst portal.

Gst Filing Due dates in Bangalore

Each Gst business owner is required to submit their business transactions by the deadline date.

Following the new rules, non-filing for three months results in Gst suspension.

Gst due date:

·         Gstr-1: the 10th of each Month's end. To the option of a monthly subscription.

·         Gstr-1 13th of the next Qtr. For the Quarterly option

·         Gst due date for Gstr3B:

·         Gstr-3B, 20th end of each Month for the monthly option

·         Gstr-3B, 23rd day of the end of each Month as an advance payment to the optional on a quarterly period.

Details Required for GST Filing in Bangalore

Below is the input form required to fill out for the GST.

·         Monthly report on sales, purchase information

·         B2c sales Summary report

·         Credit classification of the input following actuals

·         Upload the file- input data preparation.

·         Check the draft before sending

·         Final submission together with the challan preparation.

You must add all invoice-related information to the GST-1 and file the Gst-3b forms. GST filing is online. Therefore, you must ensure data provided to Team IN filings is accurate.

The fee for filing Gst Return in Bangalore

In conformity with the GST Act, the Government does not charge any fees for filing GST returns.

Fees are payable to professionals, tax consultants, or auditors who charge fees for their time and advisory services on the latest Gst modifications, etc.

The general rule is that it starts at RS.500 and can go up to 10,000 Gst returns, as well as advisory services based on experts' involvement and advisory function.

Note that the non-filing of Gst can result in the addition of a late fee to Gst cancellation. Hence, filing the return by the deadline is the best way to ensure good governance.

The Team In filings professionals in GST return filing as well as Gst advice Service, Gst consultancy, and Management have been providing Gst filing-related services from the day one of GST's implementation in India.

The Team In filings Bangalore based Business consultants, providing GST registration, Company Registration, LLP Registration and Trademark Registration Consultant Associates and professionals practicing from last 15+ years in Bangalore, providing host of services including Business setup, Trademark registration, Trademark objection filing, Trademark hearing etc,

Team IN provides all types of Company Registration, GST services, Tax return filing as well as Gst advice Service, Tax consultancy, and Management have been providing various tax planning, business setup filing-related services from the 15 years in India.

Find your Team IN Filings GST consultancy, Trademark Registrationconsultant to get your NewCompany, brandfast and efficiently with our Team member and get an expert advice to help you with building new Business, new Brand or Logo registration advise, Trademark renewal update. 

Our other services includes Tax rules periodical update, business and Trademark status, tax compliance, GST support invoicing software and filing software that is free. GST invoicing, cloud-based filing software, as well as Accountants Assistance. GST Filings 5K+ is registered. Rapid and reliable Company service provider in Bangalore. Karnataka.

Contact Team IN Filings

Trust our dedicated Team of professionals to get your New Gst Filings today. 

Get in touch with our Team today and get a FREE consultation!

Reach us to manage your Accounting, Gst, Tax services, and Trademark.

Call at +91-7019827351 team@teamIndia.co.in to get your GST R filing today!

[taxblgs]

Complete Guide to GSTR-3B: Importance, Filing Eligibility, Due Dates, and Expert Consultation for 2024

In the ever-evolving landscape of Goods and Services Tax (GST) compliance in India, GSTR-3B stands as a crucial return that taxpayers must file regularly. This blog provides a detailed overview of GSTR-3B, including its due dates, who needs to file, penalties for late submissions, and comparisons with other GST returns.

What is Gaster-3b? GST-3B Due Dates for Quarterly Returns

GSTR-3B is a self-declared summary return that GST-registered taxpayers must file monthly or quarterly (for those under the QRMP scheme). This return provides a consolidated report of sales, Input Tax Credit (ITC) claims, and the net tax liability for the period. It is essential for ensuring compliance and accurate reporting under GST.

Features of Gaster-3B:

Summary Nature: It includes summary figures instead of detailed transaction data.

Monthly Filing: Taxpayers generally file GSTR-3B every month, but quarterly filers under the QRMP scheme submit it every three months.

Non-revisable: Once filed, GSTR-3B cannot be revised, making accuracy essential.

Quarterly Gaster-3B Due Dates Gaster-3B Due Dates for Quarterly Returns

For taxpayers opting for the QRMP scheme, the due date for filing GSTR-3B is either the 22nd or 24th of the month following the end of the quarter, depending on the state or Union Territory of the principal place of business. For example, for the quarter ending September, the due date would be either 22nd or 24th October, based on your location.

For taxpayers opting for the Quarterly Return Monthly Payment (QRMP) scheme, the due dates for filing GSTR-3B are as follows:

For the first quarter (January to March):

22nd April for taxpayers in certain states (for others, it’s 24th April).

For the second quarter (April to June):

22nd July for certain states (for others, it’s 24th July).

For the third quarter (July to September):

22nd October for certain states (for others, it’s 24th October).

For the fourth quarter (October to December):

22nd January for certain states (for others, it’s 24th January).

Always check the GST portal or consult with Taxring tax advisor for the most current dates and any updates specific to your state.

Who should file Gaster-3b?

All taxpayers registered under GST are required to file GSTR-3B, including:

Regular taxpayers

Taxpayers under the QRMP scheme

Exemptions: The following categories do not need to file GSTR-3B:

Taxpayers registered under the Composition Scheme

Input service distributors

Non-resident suppliers of OIDAR services

Non-resident taxable persons

Late Fee & Penalty for GST-3B

Filing GSTR-3B after the due date incurs late fees and penalties. Here’s how it works:

Regular Filers: ₹50 per day of delay (₹25 each for CGST and SGST).

Nil Tax Liability Filers: rs20 per day of delay (₹10 each for CGST and SGST).

Interest: If GST dues remain unpaid after the due date, an interest of 18% per annum will be charged on the outstanding tax amount.

Due Dates for GST-3B Filing

Up to December 2019: The due date was the 20th of the subsequent month.

From January 2020 Onwards: The due dates have been staggered:

Monthly filers: 20th of every month

Quarterly filers under the QRMP scheme: 22nd or 24th of the month following the quarter.

Important Note:

Taxpayers must ensure timely payment of taxes and filing of GSTR-3B to avoid penalties.

Gaster-3B vs Gaster-2A & Gaster-2B: Cupris

GSTR-2A:

Real-Time Updates: GSTR-2A is a dynamic statement reflecting all ITC available based on suppliers’ GSTR-1 filings.

No Filing Required: GSTR-2A is auto-generated and does not require filing.

GSTR-2B:

Monthly Summary: GSTR-2B is a static summary statement of available ITC for a particular month.

Used for Reconciliation: Taxpayers should reconcile GSTR-2B with GSTR-3B to ensure accurate ITC claims.

Importance of Reconciliation:

Reconciliation helps avoid notices due to excess ITC claims, ensures compliance, and improves the GST compliance rating.

Difference between Gaster-1 and Gaster-3b

GSTR-1:

Detail Requirement: Requires detailed reporting of all sales transactions.

Monthly or Quarterly Filing: Depending on the taxpayer’s category.

GSTR-3B:

Summary Nature: Requires only summarized figures of sales and ITC claims.

Mandatory Filing: Must be filed by all GST-registered taxpayers.

How to FileGaster-3B Texting

Filing GSTR-3B on Taxring is a straightforward process that ensures compliance and accuracy. Here’s a step-by-step guide:

Log into Taxring: Access your account using your credentials.

Navigate to GSTR-3B: Go to the GST filing section and select GSTR-3B.

Enter Required Details: Fill in the summary of sales, ITC claims, and net tax payable.

Review Data: Ensure that all information is accurate and reconciled with GSTR-2A and GSTR-2B.

Submit Filing: Click on the submit button and wait for the acknowledgment of your filed return

CONCLUSION

GSTR-3B is a vital component of GST compliance, ensuring that taxpayers report their sales, ITC claims, and tax liabilities accurately. By understanding the due dates, filing processes, and key differences with other GST returns, businesses can maintain compliance and avoid penalties. Leverage tools like Taxring for a seamless filing experience and stay updated with the latest GST regulations to streamline your compliance process!

Read also- Best GST Return filing service , GST Return Filing Overview , Check GST Status

[anantradingpvtltd]

Price: [price_with_discount] (as of [price_update_date] - Details) [ad_1] DIGITAL PAYMENTS- Supported with Marg Pay, Accounting, Finance Management- Balance Sheet, Online Banking, banking transactions, Auto-bank Reconciliation with 140+ Banks etc., Powerful Marg eBusiness Mobile Apps for digital ordering & payments to grow your business with speed. GST BILLING & RETURN FILLING- Direct return filing from software in JSON format. File GSTR 1, GSTR 2, GSTR9, GSTR 3B etc, GST No. tracking, Bulk E-way bill generation, Internal audit, Tax clubbing, Generate and print invoices as per GST format, Powerful error detection and correction capability to ensure you file correct GST returns INVENTORY MANAGEMENT, LEDGER MANAGEMENT, PAYROLL MANAGEMENT For any installation and technical queries, please contact Marg Customer support on +91 11-30969600 or +91 11-66969600 [ad_2]

[finacbooks]

GSTR-3B Return Filing Online with FinacBooks

[margblog]

Important features of Marg GST Software

After the implementation of GST, one of the biggest challenges faced by both taxpayer & accountants is the complexity in tax compliance. For example, tax compliance includes GST return filing, claiming a tax refund, multiple tax returns, etc. Similarly, taxpayers have to issue GST compliant e-invoices.

E-invoices need to have components like HSN/SAC Codes, GSTIN of the supplier and the recipient, GST Rates etc. Further, they face challenges in keeping the track of all new amendments introduced by the GST Council via notifications and circulars.

Such a complex situation makes it difficult for both taxpayer & accountants to file fully compliant GST returns on time. So, to avoid delays in taxes & such issues, businesses are advised to use GST Accounting Software.

A good GST Accounting Software enables the taxpayers, accounting professionals and business owners to generate GST ready invoices effortlessly, file GST returns timely, organize GST reports and maintain all accounting data seamlessly.

One such software is Marg GST software which is affordable & provides you with the best GST Billing and Returns Filing experience. Marg GST Billing software aims at reducing your business operation cost by significantly reducing the compliance time. It fastens the entire process of return filing as you can directly push transactions into Excel, JSON or CSV format from the software on to GST Portal & file returns in a few clicks.

Let us discuss few important unique features of Marg GST Billing software:

GST Invoices & Billing

With Marg GST invoice software you can generate GST compliant invoices in a few seconds and can also track invoice. It improves the billing speed by 40% with multiple advanced shortcuts & search options like Barcode etc.

GST Reports & Return Filing

One of the biggest advantages of Marg GST filing software is that it can create GST Invoices & push transactions directly into the GSTN portal in Excel, JSON or CSV Format & File GSTR 1, GSTR 2, GSTR 3B, GSTR 4, GSTR 9 directly from the software. This saves a lot of time & efforts that go wasted in filing return manually. Moreover, you are not dependent on any accountant for maintaining your books.

GSTR 2A Reconciliation

GSTR 2A reconciliation in Marg e-invoice software is very easy. Simply reconcile GSTR 2A of the entire year without even logging in to the GST portal frequently. Download GSTR-2A auto-populated purchase bills in order to match them in Marg GST software

Tax Clubbing

Automatically club together both input & output tax of a particular month and further pass a general entry at the end of the month required for GST Payable

Easy Accounting

No manual data entry required with Marg GST software. Easily import and export all data with just a click. Check Account Balance, Account History, Invoices, Quotations, Payments and Alerts everything that smooths your business accounting till maintaining the Balance Sheet. Marg GST software helps you at every step by digitizing & automating all your accounting.

E-Invoicing

Another challenge that is faced by the maximum of the small & medium-sized businesses. Marg e-invoice software is ready with e-invoicing. Marg GST software is equipped with all necessary e-invoice format & requirement notified by the government. You can gen Upload your B2B transaction invoices authenticated by Invoice Registration Portal (IRP) of Registered Party’s Credit & Debit Note on the GSTN portal electronically & reconcile directly

Internal Audit

Internal audit is an important process of accounting. Running an internal audit is a crucial part that you need to master to avoid any mistakes & errors. Well, Marg GST software automatically validates the data for any errors and gives you alerts during the internal audit. It is that simple with Marg ERP software. You don’t have to worry about anything. It also validates the GSTIN of the suppliers to file 100% error-free returns

GST RCM Statement & Eway bill

Marg software lets you generate GST RCM statement when GST is to be paid and deposited against the Goods/ Services. You can also generate Single, Multiple & Bulk e-way bill to directly upload on the portal. An E-way bill is the most important document that is required for the movement of goods. Manually creating e-way bills is very time consuming, therefore it is beneficial to generate e-way bill via software which will be then automatically shared with the buyer as well.

TDS/ TCS

Marg GST software provides the most simple & user-friendly interface for filing the 100% error-free TDS/ TCS returns online as per the norms of TRACES and CPC, India

Online Banking

Experience uninterrupted online banking inside Marg ERP integrated with ICICI Bank. Manage all type of bank transactions i.e. NEFT, RTGS etc. including Auto-Bank Reconciliation with 140+ Banks

Digital Payment

To simplify the payment & collection problems Marg ERP has launched India’s first B2B payment collection platform- MargPay. MargPay provides secure Payment Modes, Bill-by-bill Reconciliation, Same-day Settlement, Business Loans etc. to small & medium businesses for better financial growth.

Marg GST Software for Billing & Accounting can be customized as per the business you are doing without any hassle. Marg GST Software provides you with the option to send the bills through email automatically which saves time. With Marg GST Software, you can also switch over anywhere from bill to bill which saves a lot of time.

Marg GST Software enables you to easily reconcile GSTR 2, GSTR 2A without logging in to GST portal frequently and download the purchase bills in order to match them in the software. We always keep you up-to-date on all the critical numbers & taxes with 1000+ MIS reports that can be customized according to your company requirement. Marg GST billing software is the best way to file your taxes along with managing your business, as you get complete business solutions in one place. Stay GST Compliant with Marg ERP & leave your tax filing burden to us!

Bottom Line:

The technology trends that are equipped in Marg GST invoice software are constructive to streamline your business processes. You don't have to spend hours checking tax returns. You can easily sync your account books with GST returns using Marg GST software. All in all, GST solutions can make things more comfortable in your organization and give you the best returns on investment

[legalway15]

GST Consultant in Pune

                  Legal way is India's biggest online business company formation in Pune giving a stage, committed to helping business people and business visionaries facilitate their administration of monetary compliances. We were begun in October 2013 with a crucial creation it simpler for Entrepreneurs to begin their business and withstand the administrative consents and related laws. 

                  GST consultant in Pune is pertinent on all the products and ventures. It is a combined assessment that basically implies that State and Central circuitous charges that has been blended. The entire nation presently works under a methodical assessment framework. It presently replaces the extract, VAT, administration charge, octroi, extravagance charge, CST, and so forth. 

              Every single enlisted individual under GST Registration are expected to document different kinds of profits. The principle returns are GSTR-3B and GSTR 1. GSTR 3B ought to be recorded each month by twentieth while GSTR 1 ought to be documented on a month to month premise, contingent on the turnover.

[auditorsandsecretaries]

Company Formation In Chennai

Company Formation in Chennai

Company Formation in Chennai The company formation is the highest position in any organization and is responsible for overseeing the effective management of the company. This person is also known as the company secretary, and they are required to ensure that the organization complies with all established laws and regulations. To join the organization as formation, you must pass the CS exam passed by the Indian Association of Business Secretaries. Students are divided into three levels.  graduate students are divided into two levels, the former is senior, management and professional, and the latter is the only manager and professional. Some key scholars are offering various company secretarial courses in Chennai. All centers are conveniently located. Whether preparing an agenda for a company or following up on an agenda, the duties of a secretary are commonplace. Nowadays, as the demand for CS continues to grow, many of them are learning about company secretarial services. Company  formation. The company secretary of Chennai GST is India’s largest tax reform, which has significantly improved the business and increased the taxpayer base in India, including millions of small businesses. GST was launched in India on July 1, 2017.Under the new GST system, more than 1.3 million companies have been registered in India, and GST has been registered. By eliminating multiple taxes and integrating them into a simple system, tax complexity can be reduced. Submit 2 monthly reports and 1 annual report every year. The organization must submit a GSTR-3B report every month, which lists sales and purchases within a month. Companies with annual income must submit GSTR-1 monthly. Quarterly application fee of more than Rs 5 crore / less than Rs 15 crore. Before the cancellation, the agent will send a notice to those who may cancel the GST registration and ask them to provide reasons within seven working days from the date of the notice. Company Formation In chennai executive courses and professional courses for all graduates and doctoral candidates (excluding visual arts) and those who pass the ICSI Foundation exam and if they pass the exam. Public accountant in India The Common Proficiency Test (CPT) of the Association Foundation or the Institute of Certified Public Accountants of India or India or other accounting institutions in India does not need to participate in the foundation for those staying abroad recognized by the board of the institution. Read the full article