M.V.P.S. Prasad Rao and co

Streamline Your Taxes, And Focus On Growth.

Welcome to the GST Filing Services of Fufin Plus. It can be challenging to comprehend the complexity of the Goods and Services Tax (GST), but we are ready to make it easier for you. Our comprehensive GST filing services guarantee timeliness, accuracy, and compliance while letting you concentrate on your main business operation.

The process of reporting sales, purchases, output GST (on sales), input tax credit (GST paid on purchases), and other information to the government is known as GST (Goods and Services Tax) filing. This procedure helps the government monitor tax collections and credits across multiple industries and guarantees adherence to the GST legislation.

Frequently Asked Questions

Please reach us at caampoffice12@gmail.com if you cannot find an answer to your question.

Why is the Input Tax Credit (ITC) applicable?

A business may claim an input tax credit (ITC) for the GST it paid on purchases and expenses. You can utilize this credit to reduce the amount of GST that is due on sales.

What is GSTR-2A/2B?

The details of your suppliers’ submitted inbound supply (purchases) are reflected in the dynamic form known as GSTR-2A. The monthly eligible ITC is compiled in a static statement called GSTR-2B, which is made available on the 12th of the month.

What consequences follow non-compliance?

Non-compliance can lead to late fees, interest, and penalties. Severe non-compliance can result in the cancellation of GST registration.

Which composition scheme is it?

Among small taxpayers with a revenue of up to ₹1.5 crore, there is a composition plan. Instead of filing monthly taxes, they can file quarterly filings and pay a fixed rate of GST on turnover.