GST & ITR Return Filing Services in India

Managing tax compliance is an important part of running a business or managing personal finances. Businesses registered under GST may need to file periodic returns, while individuals and other taxpayers may need to file Income Tax Returns according to applicable provisions.

GetMunshi assists individuals, professionals, startups and businesses with understanding GST compliance, GST return filing requirements and Income Tax Return documentation. Our assistance is focused on helping you understand the applicable filing process and required information.

Whether you need GST registration, regular GST return filing or ITR filing, the applicable requirements depend on your business activities, income sources and taxpayer category.

What is GST?

Goods and Services Tax (GST) is an indirect tax applicable to the supply of goods and services in India. GST has replaced several earlier indirect taxes and operates through a common tax framework.

Businesses and individuals covered under GST provisions may be required to obtain GST registration, collect and pay applicable tax, maintain records and file prescribed returns.

GST Services Offered by GetMunshi

1. GST Registration

Assistance with understanding GST registration requirements, collecting business information and preparing the registration application.

2. GSTR-1 Filing

Assistance with reporting outward supplies of goods and services, including applicable invoice details and amendments.

3. GSTR-3B Filing

Assistance with reporting summary GST liability, eligible input tax credit and applicable tax payment details.

4. Annual GST Return

Assistance with understanding annual return requirements, reconciliation and applicable GSTR-9 filing.

5. GST Registration Amendment

Assistance with updating eligible business details in an existing GST registration, as applicable.

6. GST Cancellation

Guidance on the GST registration cancellation process and related compliance requirements.

Common GST Returns

GST-registered taxpayers may need to file different returns depending on their registration type, business activity and applicable filing scheme. Some commonly used GST forms include:

GST Form	Purpose
GSTR-1	Statement of outward supplies of goods or services.
GSTR-3B	Summary return for reporting tax liabilities and eligible input tax credit.
GSTR-4	Annual return applicable to eligible composition taxpayers.
GSTR-9	Annual return for applicable registered taxpayers.
GSTR-9C	Reconciliation statement for taxpayers required to furnish it.

Not every GST form applies to every taxpayer. The applicable return and filing frequency depend on the taxpayer's category and current GST rules.

Who Needs GST Registration?

GST registration requirements depend on factors such as aggregate turnover, nature of supply, business activities, location and specific provisions under GST law.

Businesses that may need to examine their GST registration requirements include:

Retailers and Wholesale Traders
Manufacturers and Suppliers
Service Providers
E-commerce Sellers
Online Businesses
Businesses Making Inter-State Supplies
Other Persons Covered Under Compulsory Registration Provisions

GST registration is not mandatory for every business. Eligibility and exemptions should be checked under the applicable GST provisions before applying.

Documents Required for GST Registration

Commonly required documents and information for GST registration may include:

PAN Card of Business or Proprietor
Aadhaar Details, where applicable
Business Address Proof
Identity and Address Proof of Promoters or Authorized Signatory
Business Constitution Documents, where applicable
Bank Account Details, as required
Photograph of Proprietor or Authorized Signatory
Authorization Letter or Board Resolution, where applicable

GST Return Filing Process

The GST return filing process generally involves collecting transaction records, reconciling invoices, preparing return details and submitting the applicable forms through the GST portal.

Step 1: Collect Business Records

Collect sales invoices, purchase invoices, credit notes, debit notes and other relevant transaction records for the applicable tax period.

Step 2: Review Sales and Purchases

Review outward and inward supply details and identify relevant tax amounts and eligible input tax credit.

Step 3: Reconcile GST Information

Compare relevant invoice records and available GST portal information to identify differences that may require correction or clarification.

Step 4: Prepare Applicable Returns

Prepare the applicable GST return, such as GSTR-1 or GSTR-3B, according to the taxpayer's filing category.

Step 5: Review Tax Liability

Review the tax liability, eligible input tax credit and applicable payment requirements.

Step 6: Submit and File the Return

Submit the return through the GST portal using the prescribed verification method and retain the filing acknowledgement.

What is ITR (Income Tax Return)?

Income Tax Return (ITR) is a prescribed statement through which a taxpayer reports income, eligible deductions, taxes paid and other relevant details to the Income Tax Department.

Depending on the taxpayer's income and applicable legal provisions, filing an Income Tax Return may be mandatory or voluntary. The appropriate return form depends on the taxpayer category, income sources and other eligibility conditions.

ITR Filing Services by GetMunshi

1. Individual ITR Filing

Assistance with income tax return preparation for individuals with applicable salary, interest and other income sources.

2. Salaried Person ITR

Assistance with reporting salary income, tax deducted at source, eligible deductions and other relevant income details.

3. Business ITR Filing

Assistance with understanding applicable ITR requirements for eligible proprietors and business income taxpayers.

4. Professional ITR Filing

Assistance with return preparation for eligible professionals and individuals earning professional income.

5. Capital Gains Reporting

Assistance with understanding reporting requirements for applicable capital gains and investment-related income.

6. Revised and Belated Returns

Guidance on the applicable process for filing revised or belated returns, subject to statutory conditions and deadlines.

Common ITR Forms

Different ITR forms apply to different categories of taxpayers. Some commonly used forms include:

ITR Form	General Applicability
ITR-1 (Sahaj)	Eligible resident individuals having specified income sources and meeting prescribed conditions.
ITR-2	Individuals and HUFs not having income from business or profession, subject to applicable conditions.
ITR-3	Individuals and HUFs having income from business or profession, subject to eligibility rules.
ITR-4 (Sugam)	Eligible individuals, HUFs and firms other than LLPs opting for applicable presumptive taxation provisions.
ITR-5	Applicable to specified entities such as firms, LLPs, AOPs and other eligible persons.
ITR-6	Companies other than companies claiming exemption under the relevant provisions.
ITR-7	Persons and entities required to file under specified provisions of the Income Tax law.

The correct ITR form must be selected according to the applicable tax year, taxpayer category, income sources and notified instructions.

Documents Required for ITR Filing

The documents required for filing an Income Tax Return depend on the taxpayer's income sources and financial activities. Commonly required information may include:

PAN and Aadhaar Details, where applicable
Bank Account Details
Form 16, for Salaried Individuals
Form 16A or Other TDS Certificates, where applicable
Annual Information Statement (AIS)
Taxpayer Information Summary (TIS)
Bank Interest and Investment Details
Capital Gains Statements, where applicable
Business Income and Expense Records, where applicable
Details of Eligible Deductions and Tax Payments

ITR Filing Process

Income Tax Return filing involves reviewing income details, checking tax information, selecting the appropriate form and submitting the return through the Income Tax e-Filing portal.

Step 1: Collect Income Documents

Collect salary slips, Form 16, bank statements, investment details and other relevant financial records.

Step 2: Review Tax Information

Review Form 26AS, AIS, TIS and applicable tax deduction details to identify income and tax records.

Step 3: Identify the Correct ITR Form

Select the applicable ITR form based on the taxpayer's category, income sources and current filing rules.

Step 4: Calculate Income and Tax

Review taxable income, eligible deductions, tax payments and applicable tax liability.

Step 5: Prepare and Submit ITR

Prepare the return with the relevant financial information and submit it through the Income Tax e-Filing portal.

Step 6: Verify the Return

Complete e-verification or another prescribed verification method within the applicable time limit to complete the filing process.

Benefits of Timely GST and ITR Filing

Better Tax Compliance: Helps taxpayers meet applicable statutory filing requirements.
Organized Financial Records: Encourages proper maintenance of income, sales, purchase and tax records.
Reduced Compliance Issues: Timely and accurate filing can help avoid certain late fees, interest and other consequences of non-compliance.
Business Documentation: Filed returns and tax records may support financial documentation requirements for business activities.
Tax Information Review: Helps taxpayers review reported income, taxes paid and applicable tax credits.
Improved Financial Planning: Regular review of tax information can support better financial planning.

GST and ITR Filing Due Dates

GST return due dates depend on the taxpayer's filing category, return type and applicable filing scheme. Similarly, Income Tax Return due dates depend on the taxpayer category, audit requirements and relevant tax year.

Due dates may be changed or extended through government notifications and circulars. Taxpayers should check the latest official portal updates before filing.

Why Choose GetMunshi for GST & ITR Assistance?

Understanding tax return requirements and maintaining the necessary records can be challenging for individuals and businesses. GetMunshi assists clients in understanding the documentation and filing process.

Guidance on GST registration requirements
Assistance with applicable GST return preparation
Guidance on GSTR-1 and GSTR-3B requirements
Assistance with ITR documentation
Guidance on applicable ITR form selection
Support in understanding filing and verification requirements

Tax filing requirements depend on individual facts and applicable law. Any tax calculation, deduction or filing position should be reviewed using the relevant financial records and current statutory provisions.

Frequently Asked Questions About GST & ITR Returns

GST return filing is the process through which registered taxpayers report applicable sales, purchases, tax liability, input tax credit and other prescribed details to the GST Department.

GSTR-1 reports details of outward supplies, while GSTR-3B is a summary return used to report tax liabilities and eligible input tax credit.

No. GST registration depends on applicable turnover thresholds, business activities, nature of supplies and compulsory registration provisions. Certain exemptions may also apply.

ITR filing is the process of reporting income, eligible deductions, taxes paid and other relevant details to the Income Tax Department through the prescribed return form.

The correct ITR form depends on your taxpayer category, income sources, business activities and applicable eligibility conditions for the relevant assessment year or tax year.

ITR filing is mandatory for persons covered by the applicable legal provisions. Certain taxpayers may also file voluntarily depending on their circumstances and requirements.

Missing a statutory filing deadline may result in applicable late fees, interest or other consequences under the relevant tax provisions. The consequences depend on the return type and taxpayer's situation.

Yes. Salaried individuals can file an applicable ITR form based on their income sources and eligibility conditions.

A revised return may be filed where permitted under the applicable provisions and within the prescribed time limit. Eligibility and deadlines should be checked for the relevant tax year.

GST is an indirect tax generally applicable to supplies of goods and services, while Income Tax is a direct tax on taxable income under applicable law.

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GST & ITR Returns