Description
Who file GST Returns Online?
All the taxpayers who have GST number they are liable to file gst return on monthly /quarterly basis. The GST return is a document that contains important details of sales and purchase.The provided details are used by the tax authorities to calculate the net tax liability of the taxpayer. When filing a GST return, a registered dealer has to claim the input tax credit on his purchase and give tax on his out put supply.
Different types of GST Returns
Some following types of return filed in gst act:-
| GST Form | Description | Date of Filing GST |
| GSTR-1 | Returns of outward supplies/sales | The due date is 11th of next month Previously. |
| GSTR-2 | Returns of inward supply of goods and services. | 15th of next month. |
| GSTR-3B | Returns of outward supplies along with input tax credit is declared and payment of tax is affected by the taxpayer. | Previously it was the 20th of the next month for all taxpayers. |
| GSTR-4 | GST filing for taxpayers registered under the composition scheme. | The due date is the 30th of the month succeeding a financial year. |
| GSTR-5 | Return for a non-resident foreign taxable person. | 20th of next month. |
| GSTR-6 | Returns that an Input Service Distributor files every calendar month. | 13th of next month. |
| GSTR-7 | A monthly return that has to be filed by the deductors who are required to deduct TDS under GST. | 10th of next month. |
| GSTR-8 | Returns for the electronic commerce operator who is required to deduct TCS under GST. | 10th of next month. |
| GSTR-9 | Annual return for a normal taxpayer. | 31st December of next financial year. |
| GSTR-9A | Annual return to be filed by the registered taxpayer under the composition levy anytime during the year. | 31st December of next financial year. |
| GSTR-9C | Certified reconciliation statement | 31st December of next financial year. |
| GSTR-10 | A final return that needs to be filed to make sure the taxpayer pays off any liability outstanding. | To be filed within 3 months of cancellation of order. |
| GSTR-11 | Inward Supplies to be furnished by a person that has a UIN and claiming a refund | 28th of the month following the month for a statement was filed. |
Process for filing return
Day 1 Process(Approx 30 mints)
- Information collection from the details shared by the taxpayer manually or from dedicated GST ready Accounting Software.
- Preparation of GST return
- Payment of tax by the taxpayer, if required (challan payment link send you on mail )
- Online GST return filing
- Acknowledgment of filing the GST Returns share with you on mail/whats app.
How to file GST Return online:
- Visit the GST portal (www.gst.gov.in).
- A 15-digit GST identification number will be issued based on your state code and PAN number.
- Upload invoices(Sales/purchase) on the GST portal .
- After uploading invoices, outward return, inward return, and cumulative monthly return have to be filed online.
- File the outward supply returns in GSTR-1 form through the information section at the GST Common Portal (GSTN) on or before the 10th of the following month.
- If there are any errors, you have the option to correct them and refile the returns.
Penalty for Late Filing of GST Returns
A late fee will be levied on taxpayers if they fail to file GST return on time. The interest rate is 18% per annum. The interest has to be calculated by the taxpayer on the amount of outstanding tax to be paid. A late fee of Rs.50 will be charged per day, from which Rs.25 each will be charged as CGST and SGST. The penalty fee can go as high as up to Rs.1,000. No late fees are charged on IGST. The penalty rate for late GST filing may change depending on the present regulations.
How Justefilling Helps you
Our expert communicate with you and collect gst data from mannualy /electronic mode or though accounting software. They do reconciliation of your out ward and in put suplly data . After reconciliation they filed your gst return on gst portal as soon as possible and send you Acknowledgment on mail / whats app .Our expert have more powerfull gst return filling software they do error free reconciliation at very less time.
