Accurate GST Returns Filed On Time, Every Period

Most regular taxpayers file GSTR-1, which reports outward supplies, and GSTR-3B, a summary return used to pay tax and claim input tax credit. These are filed monthly, or quarterly under the QRMP scheme for eligible smaller taxpayers. Many businesses also file an annual return in GSTR-9. Composition taxpayers follow a different set of returns.

For monthly filers, GSTR-1 is generally due by the 11th of the following month and GSTR-3B by the 20th. Quarterly filers under the QRMP scheme have different dates, and GSTR-3B deadlines for them are staggered by state. The government sometimes extends due dates, so the professional handling your account confirms the applicable date each period.

Late filing attracts a late fee for each day of delay and interest on any tax paid late. Nil returns attract a lower late fee. Unfiled returns can also block e-way bill generation, affect your customers' input tax credit and, if they continue for a long period, lead to cancellation of your registration by the department.

Yes. A registered taxpayer must file returns for every period, even when there are no sales, purchases or tax liability. In such cases a nil return is filed. Vibence's Nil return plan covers monthly nil GSTR-1 and GSTR-3B for months with no sales, purchases, credit or debit notes, or e-way bills.

Entries generally mean the invoices, credit notes, debit notes and similar records that must be processed for your returns in a month. Each plan covers a set number of entries a month. If your volume regularly exceeds the plan limit, the professional will suggest a higher plan or a custom quote. The billing period for each plan is confirmed in your quote.