Here’s Everything You Need To Know About GST Return

GST stands for Goods and Service Tax. GST return is an official financial statement that contains the details of all the purchases, sales along with the tax collected and paid. GST registered businesses are required to submit returns within a specific time period based on the type of business through the GST portal.

Who should file GST return?

Any business entity that is registered under the GST system needs to file GST returns. The filing process has to be identified on the basis of the category of the business. Any registered dealer who is a part of activities - sales, purchase, output goods and services tax on sales and input tax credit on the purchase needs to file a GST return. 

Process of filing GST Return in Dwarka

RBG Consultants provide all GST related solutions for your business. Here is a step by step process of filing GST return in Dwarka. 

• Place your order for the GST return filing through our website

• Our professionals will get in touch with you to understand your requirements and everything else that is required during the GST return filing

• RBG Consultants have expert professionals who will then work on your requirements as per the details and documents provided by you to file the GST return

• We will notify you once your GST return filing is completed

• We, at RBG Consultants, aim to provide effective solutions to client needs and therefore, when you choose us, you will be able to file the GST returns for your business in a quick time

Advantages of GST Return 

• The GST portal allows businesses compliance requirements for GST. From GST registrations online to filing returns and status tracking, the portal offers flexibility to make changes as and when required

• The ease of GST return filing ensures businesses file their returns on time. This enables them to enjoy other benefits like availing finance such as business loans for growth

• GST filing is good for small businesses. The tax structure of GST has been formulated in a way to facilitate the needs of small businesses

• The tax system for e-commerce businesses was earlier not satisfied. However, with the standardized implementation, e-commerce businesses now have specified terms for filing their tax returns

File GST Return in Dwarka through our GST experts 

If you are not an expert in filing GST returns, you can get a bit confused and make mistakes. Well, it is something that no one wants. At RBG Consultants, we thrive to provide efficient solutions as per client requirements. Our experts have comprehensive knowledge of GST-related services who can offer their service and guide you step by step to ensure you file GST returns on time and without much hassle. So, if you are looking to file your GST return in Dwarka in a seamless manner, then look no further than RBG Consultants.

By availing our services, you will be taking assistance from some of the best tax experts who have years of experience in this domain. Thus, you can rest assured, we can help you with the filing of GST returns with ease. All you have to do is sit back and relax while we take care of all the intricacies involved while filing online GST returns in Dwarka. 

Top 5 advantages of E-Filing Income Tax Returns

Electronic filing or e filing is a process of filing tax returns over the internet. In earlier years, this process was manual. Hence, it was not only slow and complicated but also highly prone to errors. At present, this is done using tax preparation software initiated by the Income Tax Department for the purpose of making the income-tax assessment easy and convenient to use. In this article, we will discuss the various advantages of e filing. 

Methods of filing returns

1. Manual filing – Manual filing is the traditional process wherein taxpayers manually go and file returns by visiting the income tax office.

2. eFiling – The best Chartered Accountant in Dwarka or a firm could take responsibility of filing and submitting returns on behalf of the taxpayers. 

Benefits of E-Filing

The following are the benefits of e-filing:

1. Convenience

e-filing of returns provides comfort to the taxpayers as they can comfortably file returns from the comfort of their homes as opposed to the manual filing process that involves visiting a tax office making the entire process time-consuming.

2. Status tracking

Filing return online allows the taxpayer to track status according to his/her wish. It provides an option to the user to check whether the return has been received by the concerned department or the status of the particular income tax refund. 

Well, under no event it means that taxpayers wouldn’t be aware of their income tax return status if they opt for the manual method of filing. However, it used to be only possible through postal means which was not a convenient process. 

3. Access to documents

Income tax return E-filing requires users to upload the necessary documents. It thus helps them to create a database that could be accessed whenever required. 

4. Avoid errors

Filing of returns manually is a bit complex process that involves a lot of computations. On the other hand, E-filing software reduces the number of errors as the software allows checking tax calculation and accounting reporting automatically and more accurately.  

5. No duplication in hard copy

Submitting tax returns electronically does not require duplication in hard copy. 

6. E-verification

It is now extremely convenient to verify income tax returns online through the e-verification facility. However, to avail of the same, the user must have an aadhaar card. Moreover, the aadhaar card should be linked to your phone number since the verification OTP is sent to the particular phone number. 

7. Efficiency of data processing

The e-filing system increases the efficiency of data processing as the return filed electronically gets through input check and enters in separate accounts.

It can be concluded that e-filing has several benefits. Owing to this, the online system of tax payment has become increasingly popular. The taxpayer can enjoy the liberty to file a return from the comfort of his or her own home at any convenient time. To file your income tax return, you can either directly go to the e-filing portal or take help from an accounting professional in Dwarka!