Complete Guide to File GST Returns Online for Taxpayers

Author: Caonweb Live

Under the new GST regime, many business in India obtained GST registration. All entities having GST registration are required to file GST returns mandatorily, before the GST return due date irrespective of the profit during the period. GST returns have to be file monthly, quarterly and/or annually based on the type of business you are into including purchase, sales, output GST and Input tax credit (ITC).

GST Returns are the Returns that taxpayers have to file with the tax authorities of India under the new GST rules. For GST return online filing complete invoices of sales and purchases are required.

In this blog, we have explained the different types of GST Returns you should file online, the process of filing GST return online and much more.

TYPES OF GST RETURN FORM UNDER WITH GST RETURN DATE

S.NO.

GST RETURN FORM

GST RETURN DATE

PERSON ELIGIBLE

1.

GSTR-3B

20th of the subsequent month

Registered taxable person should file monthly GST Return Form

2.

GSTR-1

10th of the subsequent month

Registered taxable supplier should file details of outward supplies of taxable goods and services

3.

GSTR-4

18th of the month succeeding the quarter

Composition supplier should file quarterly GST Return Form.

4.

GSTR-5

20th of the subsequent month.

GST Return Form for non-resident taxable person.

5.

GSTR-6

13th of the subsequent month.

GST Return Form for input service distributor.

6.

GSTR-7

10th of the subsequent month

GST Return Form for authorities carrying out tax deduction at source.

7.

GSTR-8

10th of the subsequent month

E-commerce operator or tax collector should file details of supplies

8.

GSTR-9

31st March(extended)

Registered taxable person should file annual return

9.

GSTR-5A

20th of the subsequent month

GST Return Form for OIDAR service provider

HOW TO FILE GST RETURN

Be free from the unwanted and unnecessary tensions of GST return online filing. There are no more paper works and frequent walks to the departments. Now For filing GST return online you can contact the team of expert professionals at caonweb and just provide us the invoices and the bookkeeping records, our team of professionals will guide you and file all your returns before the due date. Once the return is submitted and approved, you can pay the amount of tax through the portal online.

Late Fees for not Filing Return on Time

If Goods & Service Tax Returns are not filed within time, you will be liable to pay interest and a late fee.

Interest is 18% per annum. It is calculated on the amount of outstanding tax to be paid and the time period will be taken from the next day of filing to the date of payment. The maximum amount of late fees is 5000/-

DOCUMENTS REQUIRED FOR THE GST RETURN FORM FILING

GST Return online form filing doesn’t require any proper set of the documents. It require only the sales invoice of taxable services or goods. For GST Return online form filing you just follow some guidelines -

a) Prepare invoices as per the GST Law.

b) Maintain records online or offline as bookkeeping.

C) Make proper excel sheets if required