As soon as business licenses are taken, the liability for timely filing of returns arises as per compliance requirement. From time to time entities needs to file various return with appropriate government agencies. Non filing or late filing of returns attracts penal provisions.
Return filing requirements of a business includes:
- GST Returns:
- As per the Business Model Qtrly/ Monthly requirement of Filling GST Returns.
- GSTR 1 – 11th of Next Month
- GSTR 3B- 24th of next Month
- Annual GSTR 9 within 6 Month from the end of the year (in case Turnover is more than 2 Crore)
- NIL return is compulsory
- ESI returns: Dues to be paid on monthly basis before 14th of next month. Return filed on Half yearly basis before 11th of May and 11th of November.
- Shops & Establishment returns: Different states prescribe different ceilings for frequency of Shop and establishment returns.
- Quarterly TDS returns.
- PF: Dues to be paid on monthly basis before 14th of next month, returns should be completed by the 25th of next month.
Wealthroots have the team of experienced professionals who can assist you in filing these returns in most efficient and hassle free manner.