GST mean Goods and Services Tax is an indirect form of tax which has replaced other form of indirect taxes like VAT,
Service tax, duties of Excise, sales tax etc. GST made indirect taxation much simpler and easier, by removing cascading effects of taxes.GST is governed under Goods and Service Tax Act, was passed in the Parliament on 29th March 2017 and act come into effect on 1st july 2017.
Who are applicable
When a business turnover crosses INR 20 lakh then it is compulsory to register his/her business under GST.
Consequences of non filing or late filing of return under GST:
Late filing will lead to payment of late fee which will be INR 100 per day for CGST & SGST respectively,
means fine will be of 200 per day. Incase of NIL return late filling fees gone be charges 25 rupees CGST & 25 Rupees SGST and IGST 50 rupees only. And the Hire amount gone be charge by department to consumer for rupees 5000/- Per month
Additional penalties as follows-
Tax amount involved
Above 500 lakhs
Upto 1 year
Upto 3 years
Upto 5 year
In all three cases
Inspection under GST
If the joint commissioner of SGST/CGST may have reason to believe that in order to evade tax a person has done fraud then joint commissioner can authorize any officer to inspect places of business of suspected evader.
I a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of
goods and services or both and contains details of outward supplies of goods and services.
Is a statement in which a regular dealer needs to capture all the inward supplies made during the month. Broadly, all the inward supplies
from registered businesses, including the supplies on which tax needs to be paid on reverse charge are required to be captured at the invoice level to file.
Is a monthly return with the summarized details of sales, purchases, sales during the month along with the amount of GST liability
Is a return under GST that needs to be filed once every 3 months by registered tax payers who have signed up for the composition
scheme (those who opt for this scheme are known as compounding vendors). They would be required to pay taxes at fixed rate without any input tax credit facilities.
Every registered non-resident taxable person is required to furnish a return in GSTR-5 in GST Portal.
Is a monthly return that has to be filed by an Input Service Distributor. It contains details of ITC received by an Input Service Distributor
and distribution of ITC. There are a total of 11 sections in this return
is the return that has to be filed by the tax deductor about tax deducted at source.Deductor is required to file the return and has to
provide the detail of amount of TDS in his return. When deductor pays the amount of TDS, it shall get reflected into the credit ledger of the deductee
E-commerce operator is any person who owns or manages the digital or electronic facility or platform for electronic commerce such as
Amazon, Flipkart, etc. The e-commerce operator provides a platform whereby the sellers can reach out to a large number of customers by getting registered online on their platform
is an annual return to be filed yearly by taxpayers registered under GST. It consists of details regarding the outward and inward supplies
made/received during the relevant previous year under different tax heads
Is a return to be filed by taxpayers whose GST Registration has either been surrendered by the taxpayer or has been canceled by
authorities. The return is also called as Final Return, which is different from Annual Return.
Is the return form to be furnished by the persons who have been issued a Unique Identity Number (UIN), in order to obtain refunds
under GST, for all the goods and services purchased by them in India.
Professional Fee Chart
Benefit % if subscribed annually
Benefit amt if subscribed annually
Terms & condition
Data should be provided by yourself only
Data requirement :
Sales, purchase, Credit note, Debit note, etc
Corseed will help you take you out from all these non-compliance and make your business compliances up to date.
Just connect with us and we will help you to file all the GST return on time.
We are coprseed we are your business growth partner.
At Corpseed, we are committed to offer our services to the entrepreneurs and businesses as a very cost-effective proposition. We believe that a customer is always right and the focus of any business activity should be to serve the customer with utmost loyalty. All our services come with SLAs (Service Level Agreements) for on-time service delivery and money back guarantee to ensure high level of customer satisfaction.
At Corpseed, our valued customers are always kept in the loop as far as service delivery timeline is concerned and we inform our customers every time a milestone is achieved during each stage of service request processing. But we also believe that we may come across a customer who is not satisfied with our efforts. For that we have a very responsive Customer Care Department which work 24x7 to attend to and solve customer complaints. We also have a money back guarantee for those, who want their service charges to be refunded.
At Corpseed, We believe it is our responsibility to protect our customer information from unauthorized access. We have put systems and processes in place to make sure that the customer information is safe with us during its storage and transfer between in house and third party servers. We continuously test our systems and processes for security breach and vulnerabilities are identified and fixed at a regular basis.
If a customer is not satisfied with the service we provided and if he contacts our customer care helpline and files a formal complaint within 15 days of service delivery date, Corpseed would refund the entire or partial amount of Professional Fee charged for that particular service.
If a customer is having issues with our service delivery process, he has various alternatives available at his disposal to register his grievance with us. He can either email his complaint at email@example.com or he can call our 24x7 Customer Care Helpline. Also, any customer is always welcome to visit our office to lodge a complaint with the senior management.
A customer can buy our services directly from our online platform, for which he need to make online payment. Once he clicks on "Apply Now", a new window will open, a customer is required to submit the information in the respective fields and click "Make Payment". A unique ticket number will be auto generated, the customer need to quote this number as reference for any enquiry regarding his service request.
All the monetary transactions performed on Corpseed online platform are secured with SSL System Protocol. We encrypt the customer information such as credit card and bank account details, before these are transmitted anywhere. We adhere to PCI DSS for data security standards for payment processing.
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