Quarterly GSTR-1 and Monthly GSTR-3B (upto 500 B to B invoices)
*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.
This Service is for filing of Quarterly GST-R1 and Monthly GSTR-3B returns or for filing returns of entities opting for Quarterly Return and Monthly Payment (QRMP) Scheme for one quarter
This service is for entities having upto 500 B to B invoices
Services covered :
- Filing Monthly GSTR-3B
- Filing Quartlerly GSTR-3B and Monthly payment calculation in case of QRMP Scheme
- Filing Quarterly GSTR-1 (more than 500 B to B invoices)
Documents Required :
- Login Details
- Details of all sales invoices
- Details of all purchase/expense invoices
What is GSTR-1?
Form GSTR-1 is 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.
What is Form GSTR-3B?
Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. A normal taxpayer is required to file Form GSTR-3B returns for every tax period.
Can GST Return be revised?
No, GST return cannot be revised.
When are Debit Notes to be reported in the return?
Debit Notes are to be reported in the return of the month in which they are issued by the supplier.
When are Credit Notes to be reported in the return?
Credit Notes are to be reported in the return of the month in which they are issued but not later than the return of the September month following the end of the financial year in which such supply was made, or the date of furnishing of the relevant annual return, whichever is earlier.
Can we make changes in invoices already reported in GSTR-1?
Yes, you can make changes while filing GSTR-1 of next month.
How much late fees and interest is levied for delay in filing GSTR-3B?
Late fees for delay in filing GSTR-3B is Rs. 20 per day (Rs. 10 CGST and Rs. 10 SGST) in case of 'NIL' return and Rs. 50 per day (Rs. 25 CGST and Rs. 25 SGST) in other cases.
Subject to maximum limit of Rs. 10000 for a month (Rs. 5000 CGST and Rs. 5000 SGST).
In Addition to late fees Interest will be charged at the rate of 18% p. a in case of any tax liability.
Who is eligible for quarterly return in GST?
All taxpayers whose aggregate annual turnover (PAN based) is up to ₹ 5 Crore in the current financial year and the preceding financial year (if applicable) and have already filed their last due Form GSTR-3B return, are eligible for the QRMP scheme.
For example: A taxpayer’s whose Annual aggregate turnover (AATO) was less than/ up to ₹ 5 Crore in preceding FY and has filed Form GSTR-3B for the period June 2021 (let’s say at least) by last day of the first month of the next quarter ie by 31st July, 2021.
What is Quarterly Returns with Monthly Payment (QRMP) Scheme?
Quarterly Returns with Monthly Payment (QRMP) Scheme is for eligible taxpayers to file their Form GSTR-1 and Form GSTR-3B returns on quarterly basis, while paying their tax dues on monthly basis through a challan.
Is the QRMP scheme available to every taxpayer?
No, the QRMP scheme is not available to every taxpayer.
The QRMP scheme can be availed only by those taxpayers who are liable to file Form GSTR-1 and Form GSTR-3B returns and can be opted by:
• Registered taxpayer (Normal taxpayer, SEZ Developer, SEZ unit)
• Taxpayers who have opted out of composition scheme
• Persons applying for a fresh registration as Normal taxpayer
Note: The scheme is not available for taxpayers whose Annual aggregate turnover (AATO) is more than ₹ 5 Crores.
What are the pre-conditions for opting for QRMP scheme for a taxpayer?
Following pre-conditions must be fulfilled by a taxpayer to opt for QRMP scheme:
• Taxpayer must be registered as a regular taxpayer or opted out of composition scheme
• Taxpayer must have a valid User ID and password
• The Annual aggregate turnover (AATO) in current and preceding FY (if applicable) is up to ₹ 5 Cr.
• The Form GSTR-3B return for most recent tax period has been filed.
• There is no data saved on the portal in Form GSTR-1 for the applicable period (i.e. period for which you are opting for QRMP scheme).
Can I avail the QRMP scheme at any point of time during a financial year?
You can opt in or opt out of the QRMP scheme as per the timelines mentioned in the table below:
Q1 (April – May – June): 1st February’ to 30th April’
Q2 (July – August – September): 1st May’ to 31st July’
Q3 (October – November – December): 1st August’ to 31st October’
Q4 (January – February – March): 1st November’ to 31st January of next year.
IFF stands for Invoice Furnishing Facility for taxpayers who have opted for QRMP scheme to declare outward supplies to a registered person for first two months of any quarter. It is an optional facility. The facility will be similar to Form GSTR-1. It allows filing for only B2B invoices, credit notes, debit notes etc. Last date of filing IFF for a month is the 13th of the next month. This will allow recipient taxpayers to take credit of these invoices in the same month, if reported in IFF, by the supplier taxpayer under QRMP scheme.
Extremely delightful for the services provided by you, thanks a lot in filling my return in short time.
Must take a moment to recognise and appreciate Yash who was managing my papers . He is a diligent and patient guy but on the same hand also persuasive . Appreciate these traits . Wish him all the best .
I used to previously file my ITR through a professional, but I never understood why am I paying interest in my ITR even though I had filed my returns before due date. So, I went to AJVA for Tax Consultation they explained to me why I am paying interest and guided me on the Advance Tax concept and now I give them the required estimation of income and pay advance tax. It has helped me save a lot of money and avoid interest.
I wished to file my ITR at minimal cost, so I was convinced to file it by myself. During filing I came across a lot of queries but ignored it as didn’t seem much important. However, I received a notice from IT department as I had filed a defective return. To resolve this, I contacted AJVA, they not only resolved the issue but also guided me on how to file and where I went wrong.
I run an MSME but I was unaware what is the importance of Udyam Registration Certificate and the process, after consulting AJVA I learned that it is an identity certificate which is mandatory for all MSME’s for recognition. Thankfully I registered as a MSME in time with the help of AJVA and appreciate the co-ordination from the AJVA team.
I had started a new business but I had a lot of queries on how to Incorporate a company, where to apply, what documents are required and lot of other questions. The procedure was complicated and a time taking activity, I was hesitant to hire a professional for the incorporation process. Thankfully I found AJVA and they handled the entire Incorporation process and helped me complete the same in a timely manner.
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