GST Return Filing

Any person opting for GST registration is required to GST Return Filing regularly. A GST return filing is basically a document that is required to be filed according to Indian tax law. It is used by the income tax authorities for the purpose of calculating tax liability.

GST Filing Procedure in India

The government of India has given a limit for goods and services, which is a total of 40 lakhs in the case of goods, and 20 lakhs in the case of services, provided that, the person makes a taxable supply of goods or services from a particular category of states or both. He will be liable to be registered if his total turnover in the given financial year exceeds one million rupees. The special category states include Jammu and Kashmir State, Arunachal Pradesh, Assam, Himachal Pradesh, Meghalaya, Sikkim, and Uttarakhand.

Once the taxpayer crosses the exemption limit, he should start filing GST returns. Not only this, but in cases where no taxable supply is received or made during a particular period, the taxpayer will also have to file a NIL return. There is no way one can avoid the return file. If he/she is not able to file a return for one period, he/she will not be able to file the return for the next period.

Way to simplify GST

Any business has to file monthly GST returns twice and annual returns once. This means that in total,  it has to file 26 GST returns in a year. The GST portal issues 4 types of forms for filing GST returns, which are as follows-

  1. Purchase return
  2. Supply returns
  3. Annual return
  4. Monthly return

In the case of small business taxpayers in India, who have opted for the Composition Scheme, they only have to file GST returns on a quarterly basis. The process of filing returns can be done online

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