What is GST Filing?
GST filing is simply the process of submitting your GST details to the government every month. You need to tell them what you sold, what you bought, the taxes you paid, and any tax credits you can claim. If your business is registered under GST in India, you’ll need to do this every month.
What is Monthly GST Filing?
Monthly GST filing is just sending your GST details to the government once a month. This includes info about your sales, purchases, taxes paid, and credits you can claim.
Who Needs to File GST Every Month?
If your business is registered under GST in India, you must file your GST returns every month. Even if you haven’t sold or bought anything that month, you still need to file.
Why is Monthly GST Filing Important?
Filing your GST returns every month is important because:
- It helps you figure out how much tax you owe
- It lets the government know what taxes you’ve already paid
- It helps keep your business legal and compliant
- It stops businesses from avoiding taxes
Filing on time is especially important so you don’t face any penalties.
How Can E-Filing Buddy Help You?
E-Filing Buddy is here to make GST filing easy for you. We’ll:
- Help you understand what needs to be filed
- Make sure your return is done correctly
- Double-check everything to avoid mistakes
- Help you figure out how much tax you need to pay
- Make sure you stay compliant and avoid penalties
With our help, you can focus on your business while we handle the boring stuff.
What Happens If You Don’t File GST?
If you skip filing your GST returns, here’s what could happen:
- Penalties: You’ll get fined Rs. 50 per day, up to Rs. 5,000
- Interest: You’ll have to pay interest on any unpaid taxes
- Legal Trouble: You could face fines or other legal actions
- Bad Reputation: Your business could lose trust with suppliers and customers
Why File GST on Time?
- No Fines: If you file on time, you won’t get hit with penalties
- Save Money: You can claim tax credits to reduce your taxes
- Stay Trustworthy: People will trust your business more
- Better Cash Flow: It helps you plan your finances better
- Avoid Legal Problems: You won’t get into trouble with the authorities
Penalty for Not Filing GST
If you don’t file your GST returns, you’ll be fined Rs. 50 per day, and the fine can go up to Rs. 5,000. Plus, you’ll have to pay interest on any unpaid taxes.
With E-Filing Buddy, GST filing in India is super easy. While you focus on growing your business, we’ll take care of all your GST needs.