• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
EdataIndiaLogo

eDataIndia

  • [email protected]
  • Blog
  • FAQs
  • Contact Us
Call: +91-11-41181800
  • Company
    • About Us
    • Why Us
    • Career
    • Testimonials
    • Case studies
    • Hire Dedicated Full Time Employees Team
    • Site Map
    • Contact Us
  • Data Services
    • Data Entry
    • Data Mining
    • Data Capture
    • Data Processing
    • Data Conversion
    • Real Estate Data Entry
    • Form Processing
    • Image Data Entry
    • Copy Paste Services
    • Remote Data Entry
    • Textual Data Entry
    • All Other Services
      • Document Management
      • Spreadsheet Data Entry
      • Data Cleansing
      • Data Verification Services
      • YellowPage Services
  • eCommerce Management
    • eCommerce Data Entry Services
      • Amazon Product Listing
      • eBay Product Listing
      • Magento Product Entry
      • Shopify Product Entry
    • Promotional Product Entry
    • Catalog Processing Services
    • Catalog Content Management
    • Competitor Prices Monitoring
    • Catalog conversion & Indexing
  • Web Solutions
    • Website Development
    • Website Design
    • Graphic Design
      • Logo Design
      • Banner Design
      • Flash Animation Design
    • Mobile App Development
      • Hybrid Mobile App Development
      • Android App Development
      • iOS App Development
      • Windows App Development
  • Image Editing
    • Image Processing
    • OCR Scanning
    • Photo Editing
    • Photo Restoration
    • Image Retouching
    • Image Cutouts
    • Photo Masking
    • Clipping Path Services
  • Marketing
    • Conventional marketing
    • Digital Marketing
      • SEO
      • SMO
      • PPC Services
      • Email Marketing Services
  • Back Office
    • Back Office Support
    • Order Processing Services
    • Live Chat Support
    • Virtual Assistance Services
    • Email Answering Services

Connection Between GST and Data Entry Outsourcing Services

You are here: Home / Data Entry / Connection Between GST and Data Entry Outsourcing Services

March 19, 2018 by Amit Sharma Leave a Comment

Due to the globalization of businesses and the world becoming a united marketplace, the need for effective GST data entry solutions have surfaced. GST Data is one of the most important parts of any company. In order to have reliable data handling, obtaining services from a data entry company helps.

GST and Data Entry Outsourcing Services

In today’s market, data entry solutions for different types of businesses are available at very competitive prices. An increasing number of companies are turning to data entry outsourcing services. Hiring outsourcing companies for outsourcing addresses the challenge of obtaining better work quality from qualified professionals in a cost-effective and timely manner.

When an organization grows, it has to face many issues related to employees, their benefits, keeping pace with new technology, employees’ healthcare, having the latest business information, and so on. When a company outsources some of their responsibilities, many of these issues get resolved automatically. The same holds true for GST data entry service.

E-governance program in the tax compliance domain by Govt. of India to verify tax payments are growing complexities requires a large amount of data and well-timed compliance. Delayed compliance/ Non-compliance or furnishing incorrect particulars now can be easily traced and hence attracts serious penalties.

GST Regime Demands Huge Data and Never Lets You Relax

  • GST Regime requires each business to be on its toes and never gives you a chance to relax. Why?
  • It will be harder for the Small and medium businessmen as the compliance work increases and a significant number of them don’t know about the most recent technologies. Each dealer has to file monthly 3 returns and 1 annual return which make total 37 returns to be filed yearly and has 4 due dates each month and spread throughout the month.
  • Return filing is obligatory for everyone with a GST registration regardless of the profit or turnover and even cases of zero monthly business.
  • GST has 4 due dates each month i.e. GSTR-1: 10th, GSTR-2: 15th, GSTR-1A: 16-17th, GSTR-3: 20th
  • GSTR-9 yearly Return on 31st December in the following financial year and GSTR-9B in audit cases.
  • Now, this is never-ending and ever-demanding exercise of submission of sales, purchase & tax data.

The Penalty for Late Filing of GST Return

  • A penalty of Rs.200 per day is levied for late filing subject to INR 5000 for every GST return.
  • If you weren’t able to file a GSTR-3 return on the 17th, then you cannot file a GSTR-4 return on the 20th. Therefore, if you file GST return late, it’ll cause a cascading impact, leading to serious penalties.
  • If GST return for any month has not been filed, then GST return for the subsequent month cannot be filed.

The Penalty for Errors Committed by Oversight

Indeed, even without any intent of tax evading, if the merchant makes a genuine mistake, making short payments, he needs to pay a penalty of 10% of the tax sum due subject to at least INR. 10,000.

Category iconData Entry Tag iconData Entry Outsourcing,  data processing service

Subscribe to our newsletter

Get the latest posts delivered right to your inbox

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

LSE

Read Our Blog

  • Data Processing Cycle and Stages of Data Processing
  • What Is Data Conversion? Briefly Discussed With Examples
  • What Is A Data Entry Operator – Is This Job In Demand?
  • Why You Should Outsource Excel Data Entry Services?
  • How to Write an Amazon Product Description?

Join our newsletter

Ready to start your project?

Start by doing what's necessary, then do what's possible.

Contact Us

Footer

Contact Details

Harsha Arcade, Plot no. 11, Entire Second Floor,
DC Chowk, Sector-9, Rohini, Delhi - 110085, India.

Call : +91-11-41181800
Fax : +91-11-27569422

Email us : [email protected]

Our Direction

Our Services

  • Data Entry Service
  • Back Office
  • Accounting
  • Web Design
  • Logo Design
  • Catalog Processing

Other Services

  • Data Mining
  • Product Entry
  • Data Conversion
  • Account Receivable
  • Search Engine Optimization

About Edataindia

  • Career
  • Testimonials
  • Pricing
  • Blog and News
  • Contact Us
  • Privacy Policy
Call: +91-11-41181800
  • Facebook
  • LinkedIn
  • Twitter

Copyright © 2022 eDataIndia. All rights reserved. Return to top