{"id":24471,"date":"2020-11-13T13:38:38","date_gmt":"2020-11-13T08:08:38","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=24471"},"modified":"2020-11-13T13:39:25","modified_gmt":"2020-11-13T08:09:25","slug":"10-steps-to-file-your-gst-return-online","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/10-steps-to-file-your-gst-return-online","title":{"rendered":"10 Steps To File Your GST Return Online"},"content":{"rendered":"

In this article, you will find a brief study of the concept of\u00a0GST returns<\/strong>. You will also get to know who should file\u00a0GST returns<\/strong>\u00a0and the different types of\u00a0GST<\/strong>\u00a0for a different purpose. It also explains\u00a0GST registration<\/strong>\u00a0and the\u00a010 steps<\/strong>\u00a0to file your GST Returns online.<\/strong><\/p>\n\n\n

GST Returns Online<\/h2>\n\n\n

Goods and Services Tax<\/strong>\u00a0or\u00a0GST Return<\/strong>\u00a0is a type of document that contains all the income details which the taxpayer needs to file. Every individual who has registered under the\u00a0GST\u00a0<\/strong>Act is liable to furnish the details of sales and purchases of goods and services including the tax collected and paid. The\u00a0GST Return<\/strong>\u00a0is filed with the administrative of tax authorities, who use it for calculating the tax liability.<\/p>\n

A dealer who is registered will have to file\u00a0GST returns<\/strong>\u00a0under\u00a0GST<\/strong>\u00a0including Sales, Purchases, Output\u00a0GST\u00a0<\/strong>(on sale), and Input tax credit (GST<\/strong> on purchase).\u00a0GST<\/strong>\u00a0compliant purchase and sales invoices are needed to file\u00a0GST returns<\/strong>. Individuals can file\u00a0GST return online<\/strong>\u00a0on the official website\/portal provided by\u00a0GSTN<\/strong>. It is essential to choose the right form before filing the\u00a0GST return<\/strong>.<\/p>\n

11 types of returns are applicable under\u00a0GST<\/strong>. Each form has a different purpose and due date. The Government of India replaces different types of taxes levied by both Central and State governments on different products and services by\u00a0GST<\/strong>. The\u00a0GST\u00a0<\/strong>Act was passed in 2019 that simplified the tax payment process since taxpayers have to file just for one tax under\u00a0GST.<\/strong><\/p>\n

Who should file GST Returns?<\/u><\/strong><\/p>\n

Every business needs to file for\u00a0GST returns<\/strong>\u00a0every two months and once annually.\u00a0GST annual return<\/strong>\u00a0amounts to 26 times in total.\u00a0<\/p>\n

Types of GST<\/u><\/strong><\/p>\n

GST Return<\/strong>\u00a0can be filed based on the type of transaction and registration of the taxpayer. There are 11 types of\u00a0GST Return<\/strong>\u00a0forms available under the\u00a0GST<\/strong>\u00a0regime. They are as follows: GSTR1,2,3,4,5,6,7,8,9,10,11.<\/p>\n

The due date for filing GST Returns<\/u><\/strong><\/p>\n

GSTR 1- 10th of the subsequent month<\/p>\n

GSTR 2- 15th of the subsequent month<\/p>\n

GSTR 3- 20th of the subsequent month<\/p>\n

GSTR 4- 18th of the subsequent month<\/p>\n

GSTR 5- 20th of the subsequent month<\/p>\n

GSTR 6- 13th of the subsequent month<\/p>\n

GSTR 7- 10th of the subsequent month<\/p>\n

GSTR 8- 10th of the subsequent month<\/p>\n

GSTR 9- 31st December of the next fiscal year<\/p>\n

GSTR 10- within 3 months of the date of cancellation<\/p>\n

GSTR 11- 28th of the month, following the month for which the statement was filed<\/p>\n

\u00a0<\/p>\n

GST Calculation<\/u><\/strong><\/p>\n

The steps to follow\u00a0GST<\/strong>\u00a0calculation are given below:<\/p>\n

    \n
  1. You need to find the HSN or SAC code. The HSN code is an international system for identifying goods, while SAC corresponds to a type of service.\u00a0<\/li>\n
  2. Secondly, determine the applicability of IGST or CGST and SGST. IGST is the tax levied on goods and services supplied from one state to another. While SGST and CGST are levied on goods supplied within a state.\u00a0<\/li>\n
  3. You will have to determine reverse charge services.\u00a0<\/li>\n
  4. Then determine the type of transaction.<\/li>\n
  5. Lastly, look up the\u00a0GST<\/strong>\u00a0composition scheme.<\/li>\n<\/ol>\n

    \u00a0<\/p>\n

    Penalty for late filing<\/u><\/strong><\/p>\n

    If taxpayers fail to file their\u00a0GST return<\/strong>\u00a0on time, then they will have to pay a penalty in the form of a late fee. A total amount of Rs. 200 (100 for CGST and Rs. 100 for SGST) will be levied per day. The maximum late fee charged can go up to Rs. 5000 per day. The penalty fee rate can change as per the present regulations. The time will be counted after the date of the deadline till the day complete payment is made. Taxpayers liable for Integrated Goods and Services Tax will have to pay an additional 18% interest as a late fee.\u00a0<\/p>\n

    Every taxpayer should be familiar with the procedure of\u00a0GST<\/strong>\u00a0filing to help them abide by the rules and regulations of the\u00a0GST<\/strong>\u00a0Department.\u00a0<\/p>\n

    \u00a0<\/p>\n

    GSTN-Goods and Services Network<\/u><\/strong><\/p>\n

    Goods and Services Tax Network is an online portal that contains all the details of the sellers and buyers registered as per the\u00a0GST\u00a0<\/strong>regulation.\u00a0GSTN<\/strong>\u00a0helps the various businesses and taxpayers to access details about filing their returns, log invoices, and more.\u00a0<\/p>\n

    One\u00a0GST annual return,\u00a0<\/strong>a total of 37 returns, and 3 quarterly returns have to be filed by companies during a financial year. These returns contain all the details about inwards and outwards supplies undertaken by an organization. The information can be uploaded whenever an internet connection is available. The process of drafting the required data can be done offline.\u00a0<\/p>\n

    \u00a0<\/p>\n

    GST registration<\/u><\/strong><\/p>\n

    It is essential to do\u00a0GST registration<\/strong>\u00a0to avoid any friction with the ITR law. You can collect\u00a0GST<\/strong>\u00a0from your customers as well if you do your registration. As per law, if you fail to register then you can face heavy penalties that can exceed up to 100% of your owed tax amount. Therefore, you must register for\u00a0GST<\/strong>\u00a0and have a\u00a0GSTN<\/strong>.\u00a0<\/p>\n

    \u00a0<\/p>\n

    How to file GST Returns Online<\/strong><\/h2>\n

    Mentioned below are the steps to file\u00a0GST Returns Online<\/strong>:<\/p>\n

      \n
    1. Firstly, you need to register under\u00a0GST<\/strong>\u00a0and have the 15-digit\u00a0GST\u00a0<\/strong>identification number. The identification number will be based on your state and pin code.\u00a0<\/li>\n
    2. The second step is to visit the official\u00a0GST returns online<\/strong>\u00a0portal.<\/li>\n
    3. Select the \u2018Services\u2019 button.<\/li>\n
    4. Go to \u2018Returns Dashboard\u2019 and click on it. Then fill in the financial year and the return filing period from the drop-down menu.<\/li>\n
    5. Click on the \u2018Prepare online\u2019 option after selecting the return you want to file.<\/li>\n
    6. Enter the required information like the amount and late fee. (only if applicable)<\/li>\n
    7. After filling in all the required details, click on \u2018Save\u2019.\u00a0<\/li>\n
    8. Success image will appear on your screen, after that click on \u2018Submit\u2019.<\/li>\n
    9. After the status appears \u2018Submitted\u2019, click on the \u2018Payment of tax\u2019 tile. Next click on \u2018Check Balance\u2019 to view the cash and credit balance. You will have to mention the amount of credit you want to use from the credit available to clear your liabilities. Click on \u2018Offset Liability\u2019 to do the payment. When asked for confirmation, click on \u2018Ok\u2019.<\/li>\n
    10. The last step is to check the box against the declaration. From the drop-down list select an authorized signatory. Click on \u2018File form with DSC\u2019 and \u2018Proceed\u2019. Then make the payment in the next step for your\u00a0GST<\/strong>.<\/li>\n<\/ol>\n

      How to check GST Returns Status<\/strong><\/h2>\n

      You can check your\u00a0GST returns<\/strong>\u00a0status through the official\u00a0GST<\/strong>\u00a0portal. The three different modes are mentioned below:<\/p>\n

        \n
      1. Track the status using the \u2018Return Filing Period\u2019 option.<\/li>\n
      2. Track the status using the \u2018ARN\u2019 option.<\/li>\n
      3. Track the status using the \u2018Status\u2019 option.<\/li>\n<\/ol>\n

        GST e-way Bill<\/u><\/strong><\/p>\n

        Transporters are required to carry the\u00a0GST e-way bill<\/strong>\u00a0when moving goods from one place to another. The\u00a0e-way bill<\/strong>\u00a0has been linked to the VAHAN system. An\u00a0e-way bill<\/strong>\u00a0is generated on the\u00a0portal of e-way bill<\/strong>. An individual who is registered under\u00a0GST<\/strong>\u00a0is not liable to transport goods in a motor vehicle whose value is above Rs. 50,000, without a\u00a0GST e-way bill<\/strong>. It can be generated and cancelled through SMS, site-to-site integration through API, and Android app. A unique e-way bill number (EPN) is allocated when an\u00a0e-way bill<\/strong>\u00a0is generated. This is available to the transporter, recipient, and supplier. The documents needed to generate the e-way bill are as follows;<\/p>\n

          \n
        • Invoice related to the consignment of goods.<\/li>\n
        • Transporter ID or Vehicle Number. (By road)<\/li>\n
        • Transport by train, aeroplane, or ship-, date on document, Transporter ID and Transporter document number.\u00a0<\/li>\n<\/ul>\n\n\n

          FAQs<\/u><\/strong><\/h2>\n\n\n\t\t
          \n\t\t\t
          \n\t\t\t\t

          1.\tWhat are the types of regular returns that should be used for taxpayers who file returns quarterly? <\/h2>\t\t\t\t
          \n\t\t\t\t\t\t\t\t\t\t

          \n\t\t\t\t\t\tThe regular returns that are to be used are Sugam, Sahaj, or normal returns for taxpayers who have an aggregate turnover of up to Rs. 5 crores in the previous year.\u00a0\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

          \n\t\t\t
          \n\t\t\t\t

          2.\tCan amendments be made in the documents by the supplier if documents are left pending by recipients?<\/h2>\t\t\t\t
          \n\t\t\t\t\t\t\t\t\t\t

          \n\t\t\t\t\t\tAmendments in the documents can only be made by suppliers whose document has been registered by the recipient, and not if they have been pending.\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

          \n\t\t\t
          \n\t\t\t\t

          3.\tCan the taxpayer change the period of filing the returns?<\/h2>\t\t\t\t
          \n\t\t\t\t\t\t\t\t\t\t

          \n\t\t\t\t\t\tYes, the period of filing can be changed once by the taxpayer. It can only be done at the time the first return of the financial year is filed.\u00a0\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

          \n\t\t\t
          \n\t\t\t\t

          4.\tIf the uploaded documents get rejected, will a supplier get intimidation?<\/h2>\t\t\t\t
          \n\t\t\t\t\t\t\t\t\t\t

          \n\t\t\t\t\t\tIf the uploaded documents get rejected, a supplier will receive intimidation only after the recipient files their return.\u00a0\u00a0\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\n