gst composition scheme for service providers

GST Composition Scheme Returns 

 

Tax Robo provides an easy guide to GSTR 4 with a step-by-step online Return Filing Procedure for Composition Taxpayers. Find out who should file the GSTR 4 Form.


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Goods & Services Tax GST (India)

Composition Scheme Returns 


GST composition scheme is an easy and hassle free way for small Businessmen to file GST and avail benefit of returns. It allows Businesses to pay GST at a fixed rate.

Taxpayers with an annual turnover of less than Rs 1.5 crores (Rs 75 lacs in North Eastern States) can choose the composition scheme for filing their GST returns.

To opt for this scheme, one must file GST CMP-02 applying to the concerned authorities. The entire process is now online and can be done using the official Government portal.

GST Composition Scheme Packages

 Tax Robo Basic
Proprietor

₹1499 .00

* All ExclusiveTax

  • All GST Returns
  • Below 100 Invoices
  • GST Computation
  • GSTR 1 Filing
  • GSTR 3B Filing
  • GST Reconciliation
  • GST Payment

 Tax Robo Family Auditor
Firm, Private Ltd, OPC, LLP, Public Ltd

₹1999 .00

* All ExclusiveTax

  • All GST Returns
  • Below 100 Invoices
  • GST Computation
  • GSTR 1 Filing
  • GSTR 3B Filing
  • GST Reconciliation
  • GST Payment

 Tax Robo Family Auditor
All

₹2499 .00

* All Exclusive tax

  • All GST Returns 
  • Unlimited Invoices
  • GST Computation
  • GSTR 1 Filing
  • GSTR 3B Filing
  • GST Reconciliation
  • GST Payment

GST Compliance ManAgement Easy with Tax Robo

Monthly Compliances


✓  You know nowadays GST registration is made very easy but compliance is very complicated.


✓  Know about GST invoice formats and preparation the person is engaged in the inter-state supply of goods

✓ Know about eligible input credit

GST Records

✓  Maintain GST documents and accounts properly.

✓  Sending goods with e-way bill.


✓  Confirm GST return computation.

✓  Display GST certificate on office premises.

 

Working Capital Management- GST


✓  Proper working capital management is required for payment of GST Taxes.

✓ Frequently confirm GSTR 2a reconciliation.


Tax Robo Supports Simple GST Compliance Solution 

Basic GST Training

  • Train you for handling GST documents, input documents and invoices
  • Product analysis with the questions whether the product under any restricted sales in India eg. Cement, Steel.

Regular Compliances

  • Reminder for GST payments and avoid penal actions
  • Filing return before the due date
  • 100% Accurate filing
  • Draft GST compuation send to client for confirmation
  • Filing GST only after your confirmation

Reconciliation of GST

Frequently check your eligible ITC and prepare GSTR 2A reconciliation

Documents Required for GST Composition Return Filings Online

GST Purchase


✓  Purchase Invoices.

✓  Invoice contains GST Number.

✓ Contains Invoice number & date.

   Descriptions of goods and services.

✓ Place of supply.

GST Sales

 

✓  Sales Invoice copy.

✓  Invoice contains GST Number.

✓  Contains Invoice number & date.

✓  Descriptions of goods and services.

 

GST Inputs Tax Credit(ITC)


✓  Input Bills copy.

✓ Invoice contains GST Number.


Advantages & Benefits of GST Registration in India 

Compliances 

  • GST Compliances Safeguard Your Business
  • GST Compliances Are Eligible For Business Loans
  • GST Compliances Are Eligible For Govt Loans
  • Customers Know About Your GST Compliances, Hence Business Relation Will Be Goods

Save Taxes 

  • Avoid Penal Actions
  • GST Is Great Benefits For Business Persons, Only GST Collected From Customers Are Paying After Input Credit. Nothing From Your Pocket
  • Tension Free Business For Non Compliances
  • Avoiding Late Fees And Penalty

Error Free 

  • Total Elimination Of Clerical Error / Error- Free Return
  • Tax Robo Recommends/Suggests Tax Savings Plan & Products To Clients



Compliance after GST Registration 


Records 

  • File maintenance is very important
  • Maintain your GST invoice and input documents in proper ordering
  • Filing GST return before the due date is art of administration
  • Periodical reconciliation is required

Working Capital 

  • Plan your prearation GST invoices and their collection before the GST payment date
  • Consider month end prepartion GST Taxable invoices. If you have enough working capital.