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GST Filling

GST Filling

The implementation of the Goods and Service Tax on July 1st 2017 has led to one of India’s greatest tax reforms of all time. GST is a comprehensive tax levied on the supply of goods and services that replaces all other indirect taxes such as central excise duty, state VAT, central sales tax, purchase tax, etc. So, whether you are a trader, manufacturer or a service provider, you need to register under GST to file returns.

If you’re wondering how to file GST returns or are thinking how many returns in GST you have to file, you can visit the GST login portal to find answers to all your queries and to file GST online. To start with, you should first know how to register for GST and how to get your GST number.

What is GST Return?

A GST Return is a document that mentions all details related to GST invoices, payments, and receipts for a specific period. A taxpayer is liable to declare all transactions related to the revenue of the business based on which the authorities will calculate the amount of tax to be paid by the business.

Business owners can file GST online on the official portal provided by GSTN.

While filing GST returns, the registered dealer requires the following details for the concerned period.

  • Total sales.

  • Total purchases.

  • Output GST (GST paid by customers.)

  • ITC or Input Tax Credit (GST paid by the business for purchases.

Once filed, a registered dealer can check GST Return filing status online and comply with necessary requirements accordingly.