ITR/ GST Return

ITR FILLING -An Income tax return (ITR) is a form used to file information about your income and tax to the Income Tax Department. The tax liability of a taxpayer is calculated based on his or her income. In case the return shows that excess tax has been paid during a year, then the individual will be eligible to receive a income tax refund from the Income Tax Department. As per the income tax laws, the return must be filed every year by an individual or business that earns any income during a financial year. The income could be in the form of a salary, business profits, income from house property or earned through dividends, capital gains, interests or other sources.

GST RETURN FILLING -Persons who are registered under GST Law has to do GST Return Filing periodically of monthly and quarterly. GST Return Filing details contain details of outward supply that is Sales and Details of inward supply that is Purchases. GST Return and payment has be done online with in due date. Filing due date is scheduled below. Its important to note that irrespective of registered persons sales , loss , profitably GST return required to be file. Simply once GST registration is taken then even for dormant company NIL return required to be filed.Experts at Srivastavaassociates is GST Consultant in delhi have helped number of entrepreneurs for return filing under GST.