How to file gst return filing online
Steps to File GST Return in India:
1. Login to the GST Portal:
– Visit the official GST portal at www.gst.gov.in.
– Log in using your valid credentials (GSTIN, username, and password).
2. Navigate to the Returns Dashboard:
– Once logged in, go to the ‘Services’ menu and select ‘Returns.’
3. Choose the Appropriate Return Form:
– Select the GST return form that corresponds to your type of business and the return period. Common return forms include GSTR-1, GSTR-3B, and GSTR-4, among others.
4. Select the Financial Year and Return Period:
– Choose the relevant financial year and the period for which you want to file the return.
5. Fill in the Details:
– Complete the details required in the selected return form. This may include details of sales, purchases, input tax credit, and other relevant information.
– Ensure accuracy in the information provided, as errors can lead to complications.
6. Save and Preview:
– Save the entered details and preview the return to check for any errors or missing information.
7. Submit the Return:
– Once you have reviewed the return and ensured its accuracy, submit the return on the GST portal.
8. Payment of Tax (if applicable):
– If there is any tax liability after adjusting input tax credit, make the payment online through the available modes.
9. Filing Acknowledgment:
– After successful submission and payment (if applicable), a confirmation acknowledgment with a unique reference number will be generated.
10. Filing GSTR-3B (Monthly Summary Return):
– If you are a regular taxpayer, you may also need to file GSTR-3B, which is a monthly summary return. The process involves providing details of outward and inward supplies, tax liability, and input tax credit.
11. Late Fee (if applicable):
– Ensure that you file the return within the due date to avoid late fees. Late filing may attract penalties.
12. Reconciliation:
– Periodically reconcile your books of accounts with the GST returns filed to ensure consistency and accuracy.
Important Points to Note:
– GST filing frequency may vary based on the turnover of the taxpayer.
– It’s crucial to keep abreast of any changes in GST laws and procedures.
– Late filing may attract penalties, so it’s essential to adhere to the filing deadlines.
Remember to check the official GST portal or consult with a tax professional like LEGATO BUSINESS SOLUTION LLP for the latest and most accurate information.