GST Registration Online: SuperCA

  GST returns  must be compulsorily filed by all persons having GST registration irrespective of turnover or profit. Even in the cases with no business activity or turnover in a month but if the person is registered with GST, he/she should file GST returns. Regular taxpayers shall file monthly GST returns and dealers registered under Composition Scheme shall file quarterly GST returns. On the other hand, any non-resident taxable persons shall file one return every month. In this blog, we’ll look  a t the various issue regarding not/late filing of two major return i.e GSTR 1 and GSTR 3B and their individual impacts. Let’s start this with a short introduction to GSTR 1 and 3B. GSTR 1 is furnished by taxpayers for providing the details of Outward supplies or sale transactions made and could be filed monthly/ quarterly(if opted under the QRMP scheme). Any amendments have to be recorded in the GSTR-1 like previous tax years and sales invoices. The usual due date for filing GSTR-1 is the 11t

  ROC returns are financial statements or annual returns of a company that must be filed on time to the registrar of companies with the MCA each year. It is mandatory for companies to intimate about the management via prescribed ROC forms on an annual basis, just like an Income tax return is submitted to the Income-tax department. As per the Companies Act, 2013, non-filing of annual returns is an offence. Hence, it is indispensable for a company to file the annual return with the MCA within 60 days of the Annual General Meeting and within 30 days for a Financial Statement. Form AOC 4 & MGT-7 are required to be filed with ROC within 30 days & 60 days from the date of the Annual General Meeting of the company respectively. The timely and yearly filing of Roc forms avoids the burden of penalty, which may arise due to non-filing as required by the Companies Act, 2013 law. In this blog, we’ll have a look at the various consequences and the penalties for non-filing of RoC on time. Co