GST Compliance Services

FIBOTA offers GST Compliance Services which include filing of all types of GST Returns, reconciliation of Book Balance of GST will the GST returns filed etc. The designated Experts of FIBOTA has required knowledge in GST and they are capable of providing valuable advice to their clients. FIBOTA offers GST return Filing service at standardized rates, the detailed description of plans offerd by fibota for GST return filing services are as under.

Plans offered by FIBOTA for GST Return Filing services

For delear under composition scheme

Rs 249/month

Turnover up to 1.5 Crore

Rs 499/month

If the required data is provided in the excel sheet, else the charges are applicable up to 75 invoices and Rs. 5 will be charged extra for every invoices above 75.

Turnover more than 1.5 Cores and less than 5 Crores

Rs 799/month

If the required data is provided in the excel sheet, else the charges are applicable up to 100 invoices and Rs. 5 will be charge extra for every invoice above 100.

Turnover above 5 Crores

(our expert will get in touch with you for specification of the work)

Plans offered by FIBOTA For Filing of GSTR 9

For delear under composition scheme

Rs 999/- Per Year

Turnover up to 2 Crore

Rs 1999/- Per Year

Turnover more than 2 Crores and less than 5 Crores

Rs 2499/- Per Year

Turnover above 5 Crores

(our expert will get in touch with you for specification of the work)

Other GST Compliance Services Offered by FIBOTA

GST reconciliation with various other returns and books of accounts

GST Transaction structuring advice.

GST Refund applications

Opinion services - On call advisory as well as written opinion

GST Representation and litigation Services

Detailed understanding of PLANS offered by FIBOTA

Plan A:If the delear its under composition scheme than the rate of filing of GST applicable return (except GSTR 9), will be Rs. 250 per month.

Plan B:If the turnover of the entity is up to Rs. 1.5 crore then the rate of filing GSTR-1, 3B or any other applicable returns (except the Annual return) the charges will be Rs. 500 per month, if the required data is provided in excel sheet then unlimited invoices are allowed in this rate. If the data is not provided in excel sheet then the charges are applicable up to 75 invoices and Rs. 5 will be extra per invoice above 75 invoices.

Plan C:If the turnover of the entity is more than Rs. 1.5 crore but less than Rs. 5 crore then the rate of filing GSTR-1, 3B or any other applicable returns (except the Annual return) the charges will be Rs 800 per month, if the required data is provided in excel sheet then unlimited invoices are allowed in this rate. If the data is not provided in excel sheet then the charges are applicable up to 100 invoices and Rs. 5 will be extra per invoice above 100 invoices.

Plan D:If the turnover of the entity is above Rs 5 Crores then the documents and nature of assignment will be assessed and accordingly commercials will be communicated to the client.

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HOW FIBOTA WILL EXECUTE THE ASSIGNMENT?

1.The Client as to send th document / data or account backup or preparation of GST Return.

2.Client will provide user name and password of GST Portal, if already registered. If the client is not registered in the GST Portal, then FIBOTA can also create the registration.

3.The draft return and tax liability will be prepared by FIBOTA on the basis of Data received from the client. The same will be shared with client.

4.Once client review the draft returns and calculation of liability, FIBOTA will file the GST Returns.

For assignments like GST Annual Returns and reconciliation of GST balances with the Books of Accounts the requirement and the execution process with be different.

WHY FIBOTA?

1.The team of FIBOTA compares the data given by the client with their books of accounts, so that there is no mismatch between the balances of GST in books of accounts and in GST Returns.

2.FIBOTA has required software which can easily process the voluminous data.

3.FIBOTA ensure confidentiality of the data.

4.FIBOTA has maker checker controls for every return prepared and therefore the chances of errors are minimal.

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Types of GST Returns and due dates for GST Returns:

1. GSTR 1

Details to be included in GSTR - 1

  • GSTR-1 is a monthly return that summarizes all sales (outward supplies) of a taxpayer.The details of outward supplies shall include details of invoices, debit notes, credit notes, advances received, advances adjusted and revised invoices issued in relation to outward supplies made during any tax period.

Who are required to file GSTR - 1?

  • Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not. However, following person are not required to file GSTR 1
  • Suppliers of online information and database access or retrieval (OIDAR) services.
  • Input Service Distributor
  • A non-resident taxable person
  • A person paying tax under composition levy.
  • A persons liable to collect TCS or persons liable to deduct TDS.

Due dates for filing GSTR-1

For turnover up to INR 1.5 Crores - Quarterly return is to be filed and Due date is the last day of month subsequent to Quarter ended. The details are as under:

Period Due Date
Apr - Jun 19 31st July 2019
July - September 19 31st Oct 2019
Oct - Dec 19 31st January 2020
January - Mar 20 30th April 2020

For turnover above INR 1.5 Crores: - Monthly returns is to be filed and due date is 11th of the subsequent month for the month ended. The details are as under

Period Due Date
Apr-19 11th May 2019
May-19 11th June 2019
Jun-19 11th July 2019
Jul-19 11th August 2019
Aug-19 11th September 2019
Sep-19 11th October 2019
Oct-19 11th November 2019
Nov-19 11th December 2019
Dec-19 11th January 2020
Jan-20 11th February 2020
Feb-20 11th March 2020
Mar-20 11th April 2020

2. GSTR 2

Details to be included in GSTR - 2

  • GSTR-2 Contains details of inwards supplies or goods or services or both. In other words GSTR-2 contains details of all the purchase transaction of a registered dealer i.e. invoice wise details of purchases, expenses, imports, debit and credit notes.

Who are required to file GSTR - 2?

  • Every registered person is required to file GSTR-2 exceptInput Service Distributor, Non-residential taxable person, Person required to deduct the TDS or E-commerce operator person. However, the filling of GSTR-2 has been suspended. Hence GSTR-2 is not required to be filed unless government removes the suspension of the return.

Due dates for filing GSTR-2

  • Due date for Filing GSTR-2 is 15th of next month.

3. GSTR 3:

Details to be included in GSTR - 3

  • GSTR-3 is a monthly return. It contains the details of sales and purchase of a tax period (monthly). It contains two Parts. Part A and Part B. For Part A, the return generates the auto populated data from GSTR - 1 and GSTR - 2. Therefore, Part A is entirely auto populated. Tax payer has to fill Part B of the Return. The amount of GST liability for month is calculated in this return. The system will compute the tax liability on the basis of GSTR-1(Output tax) and after adjustment of Input tax credit as claimed in GSTR-2.The payment will be made by debiting the electronic cash ledger or electronic credit ledger.

Who are required to file GSTR - 3?

  • Every registered person is required to file GSTR-3 exceptInput Service Distributor, Non-residential taxable person, Person required to deduct the TDS or E-commerce operator person. However, the filling of GSTR-3 has been suspended. Hence GSTR-3 is not required to be filed unless government removes the suspension of the return.

Due dates for filing GSTR-3

  • Due date for Filing GSTR-3 is 20th of next month. However, if the turnover is below 1.5 Crores due date for GSTR - 3 is quarterly

4. GSTR-3B

Details to be included in GSTR - 3B

  • GSTR-3B is summarized return containing details of Sales, Purchase, balance of input tax, tax payable and tax paid. Invoice wise details are not to be provided in this return.

Who are required to file GSTR - 3B?

  • Every registered person is required to file GSTR-3B exceptInput Service Distributor, Non-residential taxable person, Person required to deduct the TDS or E-commerce operator person.

Due dates for filing GSTR-3B

  • Due date for Filing GSTR-3B is 20th of next month. However, if the turnover is below 1.5 Crores due date for GSTR - 3 is quarterly

5. GSTR 4

Details to be included in GSTR - 4

  • GSTR-4 is to be filled by the dealer opting for Composition Scheme. The details contained in this return includes the details of sales, Purchase/expenses attracting Reverse charge liability, Purchase from unregistered suppliers, adjustments of debit and credit notes and tax liability of the Composition dealer.

Who are required to file GSTR - 4?

  • As mentioned dealer opting for composition scheme are required to file GSTR - 4.

Due dates for filing GSTR-4:

  • Due date for Filing GSTR-4 is 18th of next month.

6. GSTR 5

Details to be included in GSTR - 5

  • GSTR-5 is to be filled by the registered Non-resident taxable person. The details contained in this return includes the details of Import of Goods and Services (including details of original bill of entry. It also includes details of sale, Debit and credit note for transaction made in India by such non-resident taxable person. Further the details of Tax Paid, Closing stock and refund details are also included in this return.

Who are required to file GSTR - 5?

  • As mentioned registered non resident taxable person is required to file GSTR-5. Non-Resident foreign taxpayers are those who do not have business establishment in India but occasionally undertakes the business of supply of good or services or both in India.

Due Date of filing GSTR-5:

  • 20th of the next month or within 7 days after expiry of registration, whichever is earlier

7. GSTR 6

Details to be included in GSTR - 6

  • GSTR-6 contains the details of tax invoice on which credit has been received and it also contains the details of documents issued for distribution of credit.

Who are required to file GSTR - 6?

  • Input service distributor is required to file GSTR-6.

Due Date of filing GSTR-6:

  • 13th day of subsequent month

8. GSTR 7

Details to be included in GSTR - 7:

GSTR-7 contains the details of tax deducted at source under section 51. Following person are specified u.s. 51 who can deduct tax at source

  • A department or establishment of the Central or State Government,
  • Local authority,
  • Governmental agencies,
  • Such persons or category of persons as may be notified, by the Central or a State Government on the recommendations of the Council.

Who are required to file GSTR - 7?

  • The person required to deduct TDS under section 51 of GST should file GSTR-7

Due Date of filing GSTR-7:

  • 10th day of subsequent month.

9. GSTR 8

Details to be included in GSTR - 8:

  • GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. GSTR-8 contains the details of supplies effected through e-commerce platform and amount of TCS collected on such supplies

Who are required to file GSTR - 8?

  • The e-commerce operator is merely the person who owns, operates or manages digital or electronic facility or platform for e-commerce purposes. E-Commerce operator are required to file GSTR-8

Due Date of filing GSTR-8:

  • - 10th of the subsequent month.

10. GSTR 9

Details to be included in GSTR - 9:

  • GSTR 9 contain the details of all the inward and the outward supplies made and received during the relevant financial year under various tax heads (CGST, SGST, IGST and Cess). Filling of GSTR 9 requires detailed reconciliation of various heads under GST. The tax payer is supposed to reconcile the figures reflected in Books of accounts and in various GST Return such 1, 2A, 3B to rectify the adjustment if any.

Who are required to file GSTR - 9?

Every registered person is required to file GSTR-3B exceptInput Service Distributor, Non-residential taxable person, Person required to deduct the TDS or E-commerce operator person. Apart from GSTR - 9 there are other two returns the details of which are as under

  • GSTR-9A must be filed by registered, composite dealers (composition scheme). The details contained in GSTR-9A is for the relevant financial year. For monthly return such dealers are required to GSTR-4
  • GSTR-9C is an audit form that must be filed by all taxpayers whose aggregate turnover exceeds Rs.2 crores in a financial year and is liable to get their annual reports audited. GSTR-9C is basically an authority to be certified by specified professional prescribed under GST Act. The return contains the reporting requirement for difference between the books of accounts and Annual return (GSTR-9)

Due Date of filing GSTR-9:

  • 31st December of the following year for GSTR-9, 9A and 9C

11. GSTR-10

Details to be included in GSTR - 10:

  • GSTR-10 is to be filed by person whose registration has been cancelled. The return contains the details of application reference number communicate to tax payer by authorities at the time of passing the cancellation order. It also contains details of closing stock and amount of tax payable on closing stock.

Who are required to file GSTR - 10?

  • Registered Person whose has applied for cancellation of registration and such registration has been cancelled.

Due Date of filing GSTR-10

  • Within 3 months of the date of cancellation or date of order of cancellation, whichever is later.

12. GSTR-11

Details to be included in GSTR - 11:

  • The return is auto populated return containing the details of inward supplies and refund amount of UIN holder eligible for refund.

Who are required to file GSTR - 11?

  • Return to be filed by a person having UIN (Unique Identity Number) such as foregin diplomatic missions and embassies not liable to tax in India territories. Such person are required to file GSTR 11 w.r.t inward supplies received by him to file refund of the taxes paid by him on inward supplies.

Due Date of filing GSTR-11:

  • The due date of GSTR-11 is 28th of next month following the month in which inward supplies are received