GST Compliance
GST Return
Packages Inclusion
Fast Track registration process .
Expert guidance and continued advisory services.
Seamless and personalized consultation with full transparency .
2000+ Businesses incorporated since
Overview
Form 15CA is a declaration form mandatorily submitted by any resident making a payment exceeding Rs. 5 lakh per financial year to a non-resident. Form 15CB, an accompanying certificate, verifies the deduction and deposit of applicable taxes on such remittances. Understanding these forms and their requirements is crucial for businesses and individuals engaging in cross-border transactions. Taxwale Consultants simplifies this process for you, ensuring full compliance.
Eligibility:
- Form 15CA: Any resident (individual or entity) making a payment exceeding Rs. 5 lakh in a financial year to a non-resident needs to submit this form.
- Form 15CB: Required when the remittance amount exceeds Rs. 5 lakh and a Tax Deducted at Source (TDS) certificate under Section 195(2)/195(3)/197 of the Income Tax Act has been obtained.
Features of 15CA and 15CB Certificatio:n
- Compliance with Tax Regulations: Ensures adherence to Indian tax laws and avoids potential penalties for non-compliance.
- Transparency and Taxability: Clarifies the nature and purpose of the remittance, facilitating proper tax assessment for the non-resident recipient.
- Simplified Verification Process: Form 15CB expedites verification of tax deduction and deposit, streamlining the remittance process.
- Reduced Legal Risks: Protects both the remitter and the non-resident from potential legal complications arising from improper remittances.
Detailed Step-by-Step Procedure:
For Form 15CA:
- Identify the Applicable Form: Choose the appropriate version of Form 15CA based on the type of remittance.
- Gather Required Information: Compile details like remitter and non-resident information, nature and purpose of the payment, and amount of remittance.
- Complete the Form: Accurately fill out the form with all necessary details and sign it.
- Submit the Form: Submit the completed form to the bank handling the remittance along with required supporting documents.
For Form 15CB:
- Obtain TDS Certificate: Ensure the applicable TDS certificate under Section 195(2)/195(3)/197 has been obtained for the remittance amount.
- Engage a Chartered Accountant (CA): A CA authorized by the Institute of Chartered Accountants of India (ICAI) must prepare and sign the Form 15CB. Taxwale Consultants provides expert CA services for this.
- Submit the Form: Submit the completed and signed Form 15CB to the bank along with the TDS certificate and related documents.
List of Documents Required:
- For Form 15CA: PAN card of remitter and non-resident, proof of residence, agreement/document specifying nature and purpose of remittance.
- For Form 15CB: PAN card of remitter and non-resident, TDS certificate, bank challan showing tax deposit, copies of relevant agreements/documents.
Additional Information:
- Exemptions: Certain categories of remittances are exempt from Form 15CA and 15CB requirements. Consult with Taxwale Consultants for specific guidance on your transactions.
- Penalties: Non-compliance with these forms can attract penalties and interest charges. Our meticulous service helps you avoid these.
- Professional Assistance: Engaging Taxwale Consultants' expert team can simplify the remittance process and ensure proper documentation and compliance, giving you peace of mind.
How it works
Experience effortless financial management with our streamlined process. Simply onboard, submit documents securely, and ensure a seamless and efficient accounting partnership with Taxwale Consultants.
01
Tell Us What You Need
02
Provide Necessary Documents
03
Track Your Work
flexible pricing plans
Choose The Best Plan
In healthy companies, changing directions or launching new projects means combining underlying strengths and capacities with new.
Billed Monthly
Billed Yearly
basic plan
$ 69
year
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
ultra plan
$ 79
month
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
pro plan
$ 89
month
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
basic plan
$ 699
year
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
ultra plan
$ 799
year
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
pro plan
$ 899
year
Discover the emerging technologies most relevant to your strategy by working.
- Support Your Business
- Revoke Dokument Access
- Detailed Risk Profiling
- Enter Unlimited Bils
- Bank Transactions
- Financial Strategy
COMMON QUESTION
Most Popular Questions
Here are answers to some of the most common questions regarding GST Return. We aim to provide clear, concise information to help address your queries efficiently.
Billed Monthly
Billed Yearly
What is GST Return?
GST Return is a document containing details of income/sales, purchases, and tax collected/paid by a taxpayer, which needs to be filed with the tax authorities. It is used by tax authorities to calculate a taxpayer's tax liability.
Who needs to file GST Returns?
All businesses and individuals registered under GST are required to file GST Returns, irrespective of whether there were any transactions during the period or not.
What are the different types of GST Returns?
Common types include:
- GSTR-1: Details of outward supplies (sales).
- GSTR-3B: Summary of outward supplies, inward supplies, and input tax credit (ITC) claims.
- GSTR-4: For composition scheme taxpayers.
- GSTR-5: For Non-Resident taxable persons.
- GSTR-6: For Input Service Distributors (ISD).
- GSTR-7: For Tax Deduct or (TDS).
- GSTR-8: For E-commerce operators.
- GSTR-9: Annual Return (for regular taxpayers).
- GSTR-9C: Reconciliation Statement (for taxpayers whose aggregate turnover exceeds INR 5 crore).
What is the due date for filing GSTR-1?
For taxpayers with aggregate turnover exceeding INR 5 crore, GSTR-1 is filed monthly by the 11th of the succeeding month. For those with turnover up to INR 5 crore opting for the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme, it's the 13th of the month succeeding the quarter.
What is the due date for filing GSTR-3B?
GSTR-3B is filed monthly, generally by the 20th of the succeeding month for most taxpayers. However, for some states, the due date might be the 22nd or 24th of the succeeding month, based on their turnover.
What happens if I miss the GST Return filing deadline?
Missing the deadline attracts a late fee of INR 50 per day (INR 25 for CGST and INR 25 for SGST) for regular returns, and INR 20 per day (INR 10 for CGST and INR 10 for SGST) for NIL returns, subject to a maximum limit. Additionally, interest at 18% per annum is levied on the unpaid tax liability.
Can I revise a filed GST Return?
No, a filed GST Return cannot be revised. However, any errors or omissions can be rectified in subsequent returns (in the GSTR-1 or GSTR-3B of the following tax periods).
What is Input Tax Credit (ITC) and how is it claimed in GST Returns?
Input Tax Credit (ITC) is the tax paid by a business on inputs (purchases) used in the course of business, which can be set off against the tax payable on outward supplies (sales). ITC is claimed primarily through GSTR-3B, based on the details auto-populated in GSTR-2B.
What is the GST Annual Return (GSTR-9)?
GSTR-9 is an annual return to be filed by taxpayers registered under GST, compiling details of all outward supplies, inward supplies, ITC availed, tax paid, and other information for the entire financial year. It must be filed by December 31st of the next financial year.
Is it mandatory to file a NIL GST Return?
Yes, if you are registered under GST, you must file your GST Returns even if there are no sales, purchases, or tax liability during a particular period. This is referred to as filing a NIL return.
Make your business stand out with our personalized accounting services.
Elevate your business with our tailored accounting solutions, uniquely designed to make your financial management stand out. Experience personalized services that go beyond numbers to drive your success.
Why choose us
4 Seamless Steps to Your Success
Get what you need with Taxwale Consultants’ hassle-free process. Follow these four simple steps and let us handle the rest:
STEP 1: Get Started (FREE!)
Share your needs and questions through our Quick Enquiry Form. Connect with a friendly advisor for a personalized call within 24 hours. Receive a clear quote without any obligation – it's all about understanding your goals!
STEP 2: Find Your Perfect Path
Our dedicated advisors listen to your needs and help you explore options. We make things clear and answer any questions you have along the way. Get expert guidance and feel confident about your next steps.
STEP 3: Get it Done Simply
Access our streamlined platform for easy document management. We provide a simple questionnaire and checklist to ensure everything's covered. Relax knowing we're here to guide you every step of the way.
STEP 4: Pay Actual Fee and Enjoy Peace of Mind
Receive a transparent and fixed fee before you proceed – no surprises! Focus on achieving your goals knowing everything is handled efficiently and ethically. Trust our expertise and enjoy the journey towards your success.
GST Returns : Strategic Compliance for Business Operations
Filing accurate and timely GST Returns is a crucial compliance requirement for businesses in India. These periodic filings ensure that your transactions are appropriately reported to the tax authorities, and your tax liabilities are correctly determined and paid, in accordance with the Goods and Services Tax (GST) laws. Taxwale Consultants specializes in guiding you through this essential compliance process.
A core aspect of GST compliance involves the submission of various returns, such as GSTR-1 for outward supplies and GSTR-3B for summary details. GSTR-1 requires detailed reporting of all sales transactions, including B2B, B2C, exports, and amendments, facilitating the recipients’ Input Tax Credit (ITC) claims. GSTR-3B provides a consolidated view of your sales, purchases, and tax payments, acting as a self-declaration of your monthly tax liability. We assist in the accurate and timely preparation and submission of these and other necessary forms.
Another critical area involves ensuring meticulous compliance for claiming Input Tax Credit (ITC) and reconciling your purchase data. This includes expertly handling the matching of invoices, rectifying discrepancies, and ensuring that your ITC claims are legitimate and properly documented. Our experts at Taxwale Consultants ensure all procedural compliances related to ITC are met, providing meticulous guidance on data reconciliation and necessary filings for legal validity and seamless credit utilization.
Beyond managing routine monthly or quarterly filings, our services encompass complex requirements like the GST Annual Return (GSTR-9) and reconciliation statement (GSTR-9C). These annual filings provide a comprehensive summary of your entire financial year’s GST transactions and ensure a thorough reconciliation between your books of accounts and the filed returns. Taxwale Consultants streamlines these intricate processes by helping you gather and prepare all necessary documentation, ensuring meticulous data compilation and timely submission for full legal effect.
Ensuring comprehensive compliance during all GST activities is paramount. Failing to adhere to statutory procedures and timelines for return filings or data reconciliation can lead to significant penalties, heavy fines, procedural delays, and even invalidate your ITC claims. Therefore, understanding these specific legal requirements and ensuring their timely fulfillment is critical. Taxwale Consultants provides expert guidance to help you navigate these regulations, ensuring complete compliance and risk avoidance in all GST-related matters.
One of the key benefits of expertly managed GST Return services is the enhancement of your company’s financial credibility and operational efficiency. Accurate and timely filings ensure that your business maintains a strong compliance record, building confidence among stakeholders, customers, and regulatory bodies. Proper compliance in GST matters helps in avoiding potential legal issues, ensuring smooth business operations, and optimizing your cash flow through proper ITC management. With Taxwale Consultants, you can be assured of robust compliance, providing peace of mind and a strong foundation for sustainable growth.
In conclusion, meticulously managing your company’s GST Returns is not merely a legal obligation but a strategic necessity for any business in India. These services ensure adherence to tax law, facilitate sound financial reporting, and maintain your company’s fiscal integrity. Taxwale Consultants provides end-to-end expertise in managing all your GST return requirements, ensuring timely filings, accurate documentation, and proactive legal adherence, thereby safeguarding your business from penalties and ensuring complete peace of mind regarding its tax obligations.
why choose us
Why Clients Trust Taxwale Consultants
Benefit from our directors’ deep 15-year expertise and a dedicated team of over 20. We provide customized, proactive tax strategies to simplify your compliance and boost your financial goals.
15+ Years Expertise
Our directors bring vast experience. You get accurate, strategic tax advice.
Tailored Solutions
We focus on your unique needs. Get customized plans for your goals.
Proactive Guidance
Stay updated on tax laws. Ensures compliance, optimizes taxes.
Proven Track Record
Over 500 satisfied clients. Our 20+ member team delivers results.
testimonials
Hear From Our Valued Clients
Their team made the entire tax filing process smooth and stress-free. Professional, prompt, and reliable — exactly what every business needs. I highly recommend their services!
Ravi Mehra
FinEdge Solutions
We’ve seen real growth since partnering with them. Their financial insights and compliance support helped us streamline operations. It’s been a game-changer for our company!
Priya Deshmukh
BrightPath Enterprises
Outstanding service and clear communication. Their team genuinely cares about our success and goes beyond just numbers — they provide real guidance for smart business decisions.
Amit Khanna
CoreNechnost Telogies
Lets Talk
Connect with Our Experts
Have questions or need assistance? Schedule a consultation with Taxwale Consultants. We’re here to provide clarity and support your financial goals.