About GST (Goods & Service Tax)
The businesses registered under GST have to file returns monthly, quarterly and annually based on the category of business through the Government of India’s GST portal. They have to provide the details of the sales and purchases of goods and services along with the tax collected and paid.
Implementation of a comprehensive Income Tax system like GST in India will ensure that taxpayer services such as registration, returns, and compliance are transparent and straightforward. Individual taxpayers will be using 4 forms for filing their GST returns such as the return for supplies, return for purchases, monthly returns, and annual return. Small taxpayers who have opted for a composition scheme will have to file quarterly returns. All filing of returns will be done online.
Our process
Step 1: Visit the GST portal (www.gst.gov.in)
Step 2: A 15-digit GST identification number will be issued based on your state code and PAN number.
Step 3: Upload invoices on the GST portal or the software. An invoice reference number will be issued against each invoice.
What is GST Filing?
GST returns are different forms that a taxpayer has to file for every GSTIN to which he is registered. In this article, we have provided several important questions surrounding GST returns.
These include: how many different types of forms there are, who needs to file which form, when do these forms need to be filled and so on.
Let’s get started, however, on what is GST Returns. Check it out!