How to file GST returns through online?

Here, in this blog we will get to know about the GST returns filing through online and also the benefits attained by the individual tax payers.

An indirect tax, GST is commonly known as Goods and Services Tax, is collected on the supply of goods and services. All the individuals who are registered under the GST have to provide all the details of the purchases and sales of the goods or services and the tax paid and collected. This can be done easily by prime filing GST return online.

Under the revised GST rules, all the taxpayers must file GST return forms with the Income Tax Department of India. Individual taxpayers can also file GST return by using 4 forms namely return for purchases, return for supplies, monthly returns, and annual returns. Consequently, all the small taxpayers can file quarterly returns if they have chosen composition scheme.

Return filing Forms

Depending on the type of transaction GST return can be filed through different forms available in online. The types of GST forms are:

GSTR-1

A registered taxable supplier can file returns through GSTR-1 form. The supplier files this form along with the details of the supplies of the goods and services. The buyer of the goods and services validates the information and can also modify the form if necessary. The form has to be filed by the 10th of the upcoming month. The form contains the following details such as:

• Business name and GSTIN (Goods and Services Taxpayer Identification Number).
• The date from which the GST return is filed.
• Invoices issued and consistent tax collected in the last month.
• Reviews the sale invoices for the last tax period.
• Payments received, if any, for the supply of order that has to be delivered in the future.

GSTR-2

GSTR-2 form is filed by the registered taxable recipient. The applicant has to file the details of the supplies of goods and services. Thereturns filing due date is before the 15th of the coming month. The form includes the following details:

• Business name and GSTIN.
• Date from which the GST return is filed.
• Invoices issued and respective taxes collected in the last month.
• Reviews the sale invoices (outward) for the last tax period.
• Payments received, if any, for the supply of order that has to be delivered in the future.

GSTR-3

GSTR-3 form is filed by the taxpayers with the information which is entered in the GSTR-1 and GSTR-2 forms. The taxpayers can verify and modify those details if required. This form is submitted by the 20th of the coming month. The following details are mentioned in the form:

• Details about Cash record, Liability, and Tax Credit.
• Details of tax paid under IGST, SGST, and CGST.
• Request to carry forward the credit or claims a refund in case of excess payment.

GSTR-4

GSTR-4 form is for the taxpayers who have chosen the Composition Scheme. All business owners with an annual turnover of up to INR 75 lakhs can opt for this scheme. Here, the owner of the business has to pay tax based on the type of business. The GST return filing date is by the 18th of the coming month and the taxpayers will not benefits input tax credit facility under this scheme. The following details are necessary to be mentioned in the form:

• The cost of the supply made during the period of GST return.
• Details of the tax paid.
• Information regarding an invoice-level purchase.

GSTR-5

Consequently, this form is filed by the registered taxpayers who are non-resident of India. The tax players has to be submitted by the 20th of the coming month and it contains the following details:

• Business name and GSTIN.
• The date for which the GST return is filed.
• The details of the inward and outward supplies.
• Details of the imported goods.
• Changes made in the imported goods during the last tax period, if any.
• Import of services and amendments, if any.
• Details of refund claimed, cash records, credit and debit notes, and closing of stock

GSTR-6

GSTR-6 is filed by all the Taxpayers who are registered as Input Service Distributors. It is filed on 13th of the coming month. It contains the following details:

• Name and GSTIN of the taxpayer.
• The time period for which the GST return is filed.
• All the details of input credit distributed.
• Details of debit and credit notes.
• Supplies received from the GST registered persons.
• Amount of input credit availed.

GSTR-7

This form has to file by the 10th of the coming month by the taxpayers who have to deduct tax at source under the rules of GST. The following information is required to fill in the form:

• Name and GSTIN of the taxpayer.
• GST returns filing period
• TDS details—amount and contract details.
• Amendments in the invoice amount, if any.
• TDS liability—fees for late filing and interest on delayed payment.
• Refund received from e-cash ledger.

GSTR-8

GSTR-8 has to be filed by the 10th of the coming month and has to be filed by e-commerce operator who collects source under the rule of GST. Details to be filled in the form are:

• Name and GSTIN of the taxpayer.
• GST returns filing period.
• Information regarding to the supply made to the registered taxable person.
• Information regarding to the supply made to the unregistered taxable person.
• All the details of the Tax collected.
• Details of late return filing fees and interest on the payment on TDS.

GSTR-9

GSTR-9 form is filed by the taxpayer with the details all his income and expenditure for the GST return period. This form is filed by December 31st of every year and is submitted along with the audited copies of the accounts.

GSTR-10

This form is filled by the person who has opted for the cancellation of GST. The form is filed on the date of cancellation order or within 3 months of the GST cancellation, whichever is later. The following details have to be mentioned:

• ARN – Application Reference Number of GST cancellation and the date of cancellation
• Unique ID and date of cancellation order.
• Details of closing stocks including tax payable on it.

GSTR-11

Simultaneously, this form is filed by everyone with Unique Identity Number (UIN) and who claims a refund on the inward supplies taxes. This form is filed by the 28th of the coming month. The following details have to be mentioned:

• Name of the government entity
• UIN and the period of return.
• Details of inward purchases from suppliers with GST registration.

How to File GST Returns?

Every business owners has to file GST return ever year with the GST Department. You can file GST return through online using the GST App or software. The procedure for GST returns filing are:

• Login with User ID and password in the GST portal.
• Based on the GST state code and PAN number details, a 15-digit GST identification number will be issued to you.
• Upload invoices. After uploading, an invoice reference number will be issued against each and every invoice you have uploaded.
• File inward and outward returns and aggregate monthly returns through online after uploading invoices.
• Files all the GST return forms needed in the information section.
• All the details will be made available to the recipient through GSTR-2A.
• The recipient can verify and modify those details filled by the supplier regarding to the outward supplies. He is required to file debit and credit records.
• Then, the recipient has to provide all the information regarding to the inward supplies of taxable goods in GSTR 2 form.
• The information changed by the recipient cannot be accepted or rejected by the supplier.

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