The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India.
Every taxpayer registered under GST has to file GST returns.
These returns are used to calculate the tax liability by the government.
Pricing Starts With ₹699/-
Talk To Our Expert !
Connect
Submit
Solution
The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India.
Every taxpayer registered under GST has to file GST returns.
These returns are used to calculate the tax liability by the government.
GST is an evolving system of taxation and the government keeps updating the rules and regulations around it.
So, it is important to stay up-to-date to be able to file your returns correctly.
Our GST return filing service helps taxpayers like you to get it done easily.
Our professionals will take care of the filings so you don’t have to worry about staying up-to-date with laws or watching due dates.
The government has been making strides towards innovation and automation and has instituted facilities for the online filing of GST returns on the government’s GST portal, through the Goods and Service Tax Network (GSTN).
Step 1: Go to the GST portal – www.gst.gov.in
Step 2: Obtain a 15-digit GSTIN (GST Identification Number), which is issued based on your state code and PAN
Step 3: Upload the relevant invoices on the GST portal. An invoice reference number against each invoice will be allotted to you
Step 4: Once all the invoices, inward returns, outward returns, and cumulative monthly returns are uploaded, verify all the data you have inputted and file your returns.
With Barrister Babu, you can do your GST filing with a few simple steps. Barrister Babu is well-known for its user-friendly online platform with which you can avail of GST filing services from the comfort of your home. The dedicated representatives of Barrister Babu will be in constant touch with you right from the word go. They will collect from you all the documents required and do the needful.
The status of the GST return application depends upon the performance of the obligation, and the status available would make the taxpayer aware of their filing.
Filed-Valid: When the return is being filed by the registered taxpayer and has fulfilled all the requirements
Filed-Invalid: When the tax is partly or fully remains unremitted
To Be Filed: Return is due but has not been filed
Submitted but not valid: In cases where the return has been validated but the filing is pending.
Through Application Reference Number (ARN)
By selecting the Return Filing Period or
By selecting the Status Option.
When submitting the tax return, taxpayers are allotted a unique number called an ARN number which helps in tracking the status of the tax return which is to be done every month. Steps to view the status through ARN are:
Step 1: Visit the official GST portal and log in to your user portal by filing down the required credentials or entering the valid details
Step 2: Click of the Services>Returns>Track Return status
Step 3: Enter the ARN number which been sent to the registered e-mail address of the taxpayer and click on the search command.
On clicking on the search option, there would be a full display of the return application status which will be having all the relevant details.
Step 1: Visit the official GST portal and log in to your user portal by filing down the required credentials or entering the valid details
Step 2: Click of the Services>Returns>Track Return status
Step 3: Click on the Return Filling period and enter the dates with the help of the calendar available. Click on the search option
On clicking on the search option all the relevant details would be displayed on the screen.
Step 1: Visit the official GST portal and select the search taxpayer option.
Step 2: You will see GSTIN/UIN option, enter your GSTIN ID and fill in the exact captcha code and then click on the search command. Captcha Code will appear only when you will enter your GSTIN ID.
Once all of the information is submitted, the page will display all of the relevant information about the company, including the legal name, jurisdiction, date of registration, GSTIN/UIN status, and data from all recent GST returns filed under various sub-headings.
Here is a step by step guide on how to download the GST returns online:
Step 1: Enter your login details and click on ‘Login’.
Step 2: Click on ‘File Returns’.
Step 3: Select year and month, then click on ‘Search’.
Step 4: Click on ‘View GSTR 1’.
Step 5: Next click on ‘Preview’.
Step 6: Save in folder and right-click to show in folder.
1. GST eliminates cascading effect
Earlier there were many instances where tax on tax was paid for a single transaction. As GST did away with several other taxes like central excise duty, service tax, customs duty, and state-level value-added tax, you no longer are subjected to paying tax on tax. This saves you money.
2. Higher threshold
The threshold for GST is aggregate turnover exceeding 40 lakhs for sale of goods and aggregate turnover exceeding 20 lakhs for sale of services. This means small businesses falling below this threshold limit are not subject to GST.
3. Easier for startups and e-commerce businesses
The GST system has made it easier for startups and e-commerce companies to manage their taxes. E-commerce particularly suffered from different tax laws across different states which are now eradicated by GST.
4. More organised system
Before GST the tax filing system was disorganised. Now, all taxes are paid online and major hassles that were a part of tax filing have been eliminated in the process of introducing GST.
Invoices issued to persons with GSTIN or B2B invoices.
Invoices issued to persons without GSTIN or B2C invoices. This needs to be submitted only when its total value is above 2.5 lakhs.
A consolidation of inter-state sales.
HSN-wise summary of all goods sold.
Any other debit or credit notes or advance receipts.
The GST payment process is largely the same for all taxpayers. Payment is not required if the electronic cash ledger has a sufficient cash balance. In other words, if the cash balance is insufficient, the taxpayer must utilise a challan to deposit money into the cash ledger using prescribed payment methods. The following is an overview of the payment process for various taxpayer types:
Regular Taxpayer
Around the time of submitting GSTR-3B, they must use the PMT-06 challan to make any GST payments to the electronic cash ledger. The details will be published in GSTR-3B. They can also generate a challan and pay for it before or after logging in, or while completing GSTR-3B returns.
Quarterly Taxpayer
These are taxpayers who have chosen to participate in the GST QRMP scheme. They must deposit tax directly utilising the PMT-6 in the first two months of a quarter and make payment while filing GSTR-3B in the last month of the quarter.
Taxpayers Filing Nil GST Returns
For the relevant tax period, whether for the month or quarter, these taxpayers have no sales or purchases, and no tax is due. They don't have to use the challan or pay anything.
Composition Taxable Persons
These taxpayers must total up their sales/turnover information for the quarter in challan CMP-08 and pay the tax.
To make the GST payment post-login to the GST Portal once the challan is generated, perform the following steps:
Access the https://www.gst.gov.in/ URL. The GST Home page is displayed.
Login to the GST Portal with valid credentials.
Access the generated challan. Click the Services > Payments > Challan History command.
Select the CPIN link for which you want to make the payment.
Input service distributors who distribute input tax credit to their branches or units
Note: In case you don’t know the CPIN number, you can select the Search By Date option to search the CPIN number by the date on which it was generated.
Select the Mode of E-Payment.
In the case of Net Banking:
Select the bank through which you want to make the payment;
Select the checkbox for terms and conditions to apply;
Click the make payment button.
In the case of Credit/ Debit Cards:
Please select a payment gateway, select the payment gateway option;
Select the checkbox for terms and conditions apply;
Click the make payment button.
In the case of Over the Counter:
In the payment modes option, select the over the counter as a payment mode;
Select the name of the bank where cash or instrument is proposed to be deposited;
Select the type of instrument as cash/cheque/demand draft;
Click the generate challan button;
Take a printout of the challan and visit the selected Bank;
Pay using cash/cheque/demand draft within the challan’s validity period;
The status of the payment will be updated on the GST Portal after confirmation from the bank.
In the case of NEFT/ RTGS
In the payment modes option, select the NEFT/RTGS as a payment mode;
In the remitting bank drop-down list, select the name of the remitting bank;
Click the generate challan button;
Take a printout of the challan and visit the selected Bank. Mandate forms will also be generated simultaneously;
Pay using Cheque through your account with the selected bank/branch. You can also pay using the account debit facility;
The transaction will be processed by the bank and RBI shall confirm the same within <2 hours>;
Once you receive the Unique Transaction Number (UTR) on your registered e-mail or mobile number, you can link the UTR with the NEFT/RTGS CPIN on the GST Portal.
Go to challan history and click the CPIN link. Enter the UTR and link it with the NEFT/RTGS payment;
The status of the payment will be updated on the GST portal after confirmation from the bank;
The payment will be updated in the electronic cash ledger in respective minor/major heads.
When you miss the due date for returns, a late fee of ₹50/day (₹25 each for CGST and SGST) is to be paid if you have a tax liability. If you don’t have tax liability the late fee is ₹20/day.
₹5000/- is the cap on the late fee. In case of delay in annual return filing (GSTR-9), the late fee is ₹200/day (₹100 each for CGST and SGST).
.png)
.png){kind=icon}
.png){kind=icon}
.png){kind=icon}
.png){kind=icon}
