Can You File GST Yourself Without High CA Charges?

Is filing GST late associated with hefty penalties, and are certified accountants (CAs) charging a lot? In this article, we will explore the truth behind GST filing, the benefits of filing yourself, and the potential challenges. We'll also provide valuable tips for successfully filing GST with the right tools, such as Tally software.

The Myth of High CA Charges for GST Filing

Many business owners find themselves questioning whether they need to engage a certified accountant (CA) for GST filing. The common belief is that CAs charge a lot of money for their services. However, while it is true that CAs often charge higher fees, it is not the only option.

There are affordable alternatives such as consultants and accounting intermediaries who offer lower charges without compromising the quality of service. If you seek their assistance, you can significantly reduce the fees without compromising on the accuracy of the GST returns.

Utilize Easy Software for GST Filing

If you have a good understanding of your business transactions, you can consider using accounting software like Tally or QuickBooks to file your GST returns. These software programs are designed to handle the complexities of GST filing and can do much of the work for you. Tally, for instance, is a widely used accounting software in India that can simplify the entire process.

Benefits of Using Accounting Software

Automate the process of GST return filing.

Ensure accuracy of the data.

Save time and reduce errors.

Cost-effective solution for businesses.

Simplify GST Filing With Online Resources

While software can help simplify GST filing, it's also crucial to understand the basics. Many users find that the normal GST filing process is quite simple, especially when they have a basic understanding of their business transactions. Online resources, such as video tutorials and guides, can provide you with the necessary knowledge to file your GST returns accurately.

Where to Find GST Filing Resources

YouTube is a treasure trove of detailed and easy-to-understand guides. Channels like Heer Gupta, TaxSuyash, and WSI DOT offer step-by-step tutorials on GST filing. These resources can help you understand the process and file your returns without the need for expensive professional assistance.

The Reality of GST Filing

While it is true that the GST filing process can become complex, especially when dealing with multiple rates, sales returns, exports, and SEZ sales, most of these complexities can be managed with the right tools and guidance. The key is to avoid falling into the trap of unnecessary fear and misinformation propagated by middlemen, who often take advantage of the situation to charge exorbitant fees.

Tips for Successful GST Filing

Get a basic understanding of GST filing from online resources.

Consider engaging a professional for GST filing, but keep a close watch on their work.

Avoid paying inflated fees and check for evidence of correct refunds and verifications.

Conclusion

As of July 2017 to September 2018, late fees for GST returns have been waived if filed by 31st March 2019. However, it's important to be cautious and seek professional advice to ensure that your GST returns are correctly filed and that any potential complications are handled properly.

Final Words

While hiring professionals can be beneficial, it's equally important to explore cost-effective alternatives. Utilize the power of technology and online resources to file your GST returns. By doing so, you can avoid high CA charges and streamline the process effectively.

Feel free to reach out if you have any specific queries. Best of luck with your GST filings!