GST CURRENT UPDATE PLEASE CLICK BELOW THE LINK:https://www.gst.gov.in/
What is GST Return Filing ?
Every person who is applying for the GST Registration has to file GST return Filing. GST Return is mandatory for each person whose enroll under the GST Registration.There is a lot of the type of the GST Returns which you have to file the monthly basis with one annual return. A registered personal have to file the returns about the following things –
#1 Total Sales of the Month
#2 Total Output GST Tax
#3 Total Purchase of the Month
#4 Total Input GST Credit Tax
if you are registered under the GST Composition Scheme then there are the different rules for the same.
How to File GST Return
GST Return Filing is an online procedure; if you have the GST Software, then it will be easy for you to file GST Return. Even GST Portal issued an offline excel utility which is very easy to file the GST Returns. but you need the knowledge about the returns for the same.
So below are the simplified steps to file your GSTR Returns –
#1 Login with your user id and password on the GST Portal for gst e filing.
#2 Just proceed with the GSTR-3B Return tab and insert your sales amount with the tax & purchase amount with the input credit.
#3 Just make the payment of the GST by creating the challan & submit the gst e filing.
Note – In the GSTR 1 you have to upload each invoice details for the same.
Gst Payment Due Date
You can make the payment of the GST via online net banking or NEFT Transfer or Echallan for the same in the banks. You have to just generate the challan through your dashboard then you can make the GST Payment.
So you have to require an online internet banking account for the GST Payments. if we talk about the GST Payment Due dates. then during the filing of the GSTR3B you have to make the payment in advance on a monthly basis.
Documents Required for the GST Return Filing
GST Return filing have no proper set of the documents. Its required the mainly the sales invoice of taxable services or goods. So for the GST Return filing you have to follow some standard guidelines –
a) Prepare each invoice as per the GST Law.
b) Maintain records online or offline as bookkeeping.
c) Try to maintain records in your GST Filing software or else use our simplified excel sheets.
Type of GST Return Forms
GSTR-1 – Details of all outward supplies of taxable goods and services to be filed by registered taxable supplier. The due date to file this form is 10th of the next month.
GSTR-2 – Details of all inward supplies of taxable goods andservices to be filed by registered taxable recipient of the goods and services. The due date of filing this form is 15th of next month.
GSTR-3 –This form will be filled automatically on the basis of outward supplies and inward supplies with the payment of tax furnished in GSTR-1 and 2. The form will be prepared by 20th of the next month.
GSTR-4 –This form contain the details of outward supplies, tax payable and payment of tax. The due date of filing this form is 18th of the month succeeding quarter.
GSTR-5 –This form contain the details of outward supplies, imports, input tax, tax paid and reaming stock. The form has to be filed by non-resident taxable person by 20th of the next month.
GSTR-6 –This form contains the details of return for input service distributorand it is filed by input service distributor by 13th of the next month.
GSTR-7 –This form contains the details of the tax deduction. Due date to file this form is 10th of the next month.
GSTR-8 –This form contain the details of all supplies made through e-commerce operator and the amount of tax collected. The GSTR-8 form will be filed by e-commerce operator or tax collector by 10th of every month.
GSTR-9 – Annual return filed by registered taxable person by 31st December of next financial year.
GSTR-10 – Final return filed by taxable person whose registration has been surrendered or cancelled within three months of the date of cancellation or surrender whichever is later.
GSTR-11 – Details of inward supplies to be furnished by a person who have Unique Identification Number (UIN) by 28th of the month following the month for which statement is filed.
GSTR-3B – Details of taxable supply of the goods and services in the month of July and Aug 2017.Do note that you do not have to provide invoice level information in this form. Only total values for each field have to be provided.