Goods and Service Tax or in other words GST is the biggest indirect tax reform of India. GST will subsume Central Excise Law, Service Tax Law, State VATs, Entry Tax, Luxury Taxes, and Octroi etc. Earlier, there were so many taxes which were levied on goods such as Excise, VAR, entry tax, octroi. Similarly, service tax, entertainment tax, luxury tax were levied on services. Now, there will be only single tax i.e. GST and it will make dream of One Nation, One Tax feasible. For online GST return Filing and queries related to GST returns consult online GST return filing portal.
GST is a consumption based tax which is levied on the basis of “Destination principle.” It is a comprehensive tax regime covering both goods and services, and is collected on value-added at each stage of the supply chain. Further, GST paid on the procurement of goods and services can be set off against that payable on the supply of goods or services. Simply put, Goods and Services Tax (GST) is a tax levied on goods and services imposed at each point of supply. GST return filing online in india through online GST return filing portal is a national level tax based on value added principle just like State level VAT which was levied as tax on sale of inter-state goods. The essence of GST is in removing the cascading effects i.e., tax on tax of both Central and State taxes by allowing setting-off of taxes throughout the value chain, right from the original producer and service provider’s point up to the consumer level, now you can file GSTR 3b online through online GST return filing portal anytime. GST is a major improvement over existing system of VAT and disjointed Service Tax ushering a collective gain for industry, trade and common consumers as well as for the Central Government and the State Governments at large. GST, as a well-designed value added tax on all goods and services, is the most elegant method to eliminate distortions and to tax consumption. For more information on GST return filing consult to online GST return filing portal.
What is GST return? Explained by Online GST Return Filing Portal
Online GST return filing is something that you are declaring to the government. Suppose you are businessman or service provider you will collect GST i.e. input GST from consumers or service recipients and you will pay GST i.e. output GST while purchasing the goods.After setting off input & output GST you will have to pay or get input from Government and the medium through which you will disclose your input & output GST to the government is the Return. Now file GSTR 1 online through online GST return filing portal.
The returns concept is not only in GST it also exists in various tax laws such as income tax return.
It is the detail of all the sales and purchases made along with tax collected or paid. filing is generally done either on quarterly or an annual basis. A taxpayer has to furnish 3 monthly and one annual return. Know more in depth of GST returns and how it works on online GST return filing portal.
Taxpayers registered as Input Service Distributor, under the composition scheme, or liable to collect or deduct tax will fall under separate return filing. This may vary in the amount of tax applicable to these merchants.
Authorities calculate tax liability based on the filed returns. A registered dealer has to file a return when they purchase or sell some products, input tax credit against GST paid on purchases, or provide output GST on sales. The GST rate varies between these scenarios.
The steps to file return online are relatively simple. There is a dedicated portal that allows online return filing with GSTIN. The trader will also require the Goods and Service Tax compliant invoices to back the data.
The automated system stores all the information of registered sellers and buyers which eliminates the need of separate tax calculations every time. It also keeps a record of one’s liabilities and credit to allow utilising a certain amount of credit which is already available.
GST Return filing in India – A Brief by Online GST Return Filing Portal
In any tax law, “filing of returns” constitutes the most important compliance procedure which enables the Government/ tax administrator to estimate the tax collection for a particular period and determine the correctness and completeness of the tax compliance of the taxpayers. Know how GST return filing in India works through online GST return filing portal.
The returns serve the following purposes:
- Mode for transfer of information to tax administration;
- Compliance verification program of tax administration;
- Finalization of the tax liabilities of the taxpayer within stipulated period of limitation;
- Providing necessary inputs for taking policy decision;
- Management of audit and anti- evasion programs of tax administration
The taxpayer is generally required to furnish the return in a specific statutory format. These formats are, therefore, designed to take care of all the provisions of the law that have a bearing on computation of tax liability of a taxpayer. Hence, a study of various fields contained in the form of return vis-à-vis the relevant corresponding provisions of the tax law, can facilitate overall understanding of the tax law in better manner
Under the GST laws, the correct and timely filing of returns is of utmost importance because of two reasons. Firstly, under GST laws, a taxpayer is required to estimate his tax liability on “self-assessment” basis and deposit the tax amount along with/before the filing of such return. The return, therefore, constitutes a kind of working sheet/supporting document for the tax authorities that can be relied upon as the basis on which the tax has been computed by the taxpayer. Secondly, under the GST regime, filing of returns not only determines the tax liability of the person filing the same,but it also has a huge bearing on determination of tax liability of other persons with whom the former has entered into taxable activities. Read more about GST laws, correct time for return filing on online GST return filing portal.
CGST Act [Sections37-48] prescribes the provisions relating to filing of returns.
Know how to file GST Return in India? From Online GST Return Filing Portal
Step 1: The taxpayer will upload the final GSTR-1 (Outward supplies made by a taxpayer other than compounding taxpayer and ISD) return form either directly through data entry in the GST Common Portal or by uploading the file containing the said GSTR-1 return form through Apps by the 10th day succeeding the month.
The increase /decrease (in supply invoices) would be allowed, only on the basis of the details uploaded by the purchaser in GSTR-2 (Inward supplies received by a taxpayer other than a compounding taxpayer and ISD) up to the 17th day of the month i.e., within a period of 7 days. Get in detail process of GST return filing in india on online GST return filing portal.
Step 2: GST Common Portal (GSTN) will be auto-generated in the provisional GSTR-2 of a taxpayer.
Step 3: Purchasing taxpayer will have to either accept, reject or modify that provisional GSTR-2.
Step 4: Purchasing taxpayer shall be able to add additional purchase invoice details in his GSTR-2 which have not been uploaded by the supplier as mentioned in Step 1&2, to ensure the valid invoice issued by the supplier and receiving of supplies.
Step 5: Taxpayers will have the option to do reconciliation of inward supplies with suppliers during the next 7 days by following up with their counter-party taxpayers for any missing supply invoices in the GSTR-1 of the suppliers.
Step 6: Taxpayers will finalise their GSTR-1 and GSTR-2 return by online Common, Portal or using the GSTN compliant offline facility in their accounting applications.
Step 7: Taxpayers will pay the amount as shown in the draft GSTR-3 (Monthly return other than compounding taxpayer and ISD) return generated automatically generated at the online Portal Post Finalization of activities mentioned above in Step 6.
Step 8: Taxpayer will debit the both ITC, cash ledger, and mention the debit entry number in the GSTR-3 return and would submit. For any queries related to GST return filing process in India consult online GST return filing portal experts.
Know who should file GST Return in India ? From Online GST Return Filing
In GST regime, any regular business has to file two monthly returns and one annual return. This amounts to 26 returns in a year.
The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other return GSTR 3B will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
There are separate returns required to be filed by special cases such as composition dealers.
who are composition dealers: A taxpayer whose turnover is below Rs 1.0 crore* can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh.
As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment will be applicable from the 1st of Feb, 2019. Further, GST Council in its 32nd meeting proposed an increase to this limit for service providers on 10th Jan 2019*.
Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover. File GSTR 1 online through online GST return filing portal.
Registered persons who are taxable under GST are required to file GST returns. Therefore, any registered person who has obtained registration but has not crossed the exemption limit (i.e., Rs.20 lakhs across India, except for Northeastern and Hill states wherein its Rs.10 lakhs) will not be required to file GST return until they cross the exemption limit. However, once the exemption limit is crossed and the taxpayer begins filing GST returns, even if there is no taxable supplied made or received during a period, the taxpayer is required to file a NIL return. Hence, not filing GST return is not an option and without filing the return of a period, next return cannot be filed. Read about who should file GST return in India on Online GST return filing portal.
Understand different types of GST Return with Online GST Return Filing Portal
GSTR1 return contains the sales transactions. GSTR1 return can be filed monthly and quarterly based on the turnover of the taxpayer.Now you can file GSTR 1 online through online GST return filing portal.
GSTR2 return is to be filed by all the registered person within a period of 15 days from the end of the respective month.
GSTR3 is a monthly return. Information like outward supply and inward supply would be auto-populated through GSTR1 and GSTR2 return filed. GSTR3 is to be filed within a period of 20 days from the end of the respective month.
GSTR4 is a quarterly return which is to be filed by the taxable person who has opted for composition scheme. The return is to be filed within 18 days from the end of the respective quarter.
GSTR5 return is required to be filed by the non-resident taxable person within 20 days from the end of the respective month, however, in case of expiry of registration or cancellation, GSTR5 needs to be filed within 7 days.
GSTR6 return is to be filed by the input service distributor within a period of 13 days from the end of the respective month.
GSTR7 return is to be filed by the person deducting tax at source within a period of 10 days from the end of the respective month.
GSTR8 return is to be filed by the e-commerce operator liable to collect tax at source. Return is to be filed within 10 days from the end of the respective month.
GSTR9 Annual Return
It must be noted that annual return in case of composition scheme dealer is required to be filed in form GSTR–9A and annual return in case of e-commerce operator is required to be filed in form GSTR9B.
GSTR10 return is to be filed by the taxable person who has opted for cancellation of GST registration. For GSTR 3b online filing consult to online GST return filing portal experts.
Know about Various GST Rates through Online GST Return Filing Portal
|5%||Household necessities such as edible oil, sugar, spices, tea, and coffee (except instant) are included. Coal, Mishti/Mithai (Indian Sweets) and Life-saving drugs are also covered under this GST slab.|
|12%||This includes computers and processed food|
|18%||Hair oil, toothpaste and soaps, capital goods and industrial
intermediaries are covered in this slab.
|28%||Luxury items such as small cars, consumer durables like AC and Refrigerators, premium cars, cigarettes and aerated drinks, High-end motorcycles are included here.|
Though edible items like sugar, tea and coffee are included in the 5% slab, milk does not attract any tax under the new GST regime. Basic household items like toothpaste and hair oil, which currently attract 28% tax, will be taxed at 18% only.
- Sweets will also be taxable at 5%.
- Tax rates on coal has also been reduced from 11.69% to just 5% in order to relieve the pressure on power industries.
- Make in India campaign is set to flourish after this reform.
Apart from other items that enjoy zero GST tax rate, these are the commodities added to the list after 11th June rate revision, source of information by online GST return filing portal –
- Hulled cereal grains like barley, wheat, oat, rye, etc.
- Bones and horn-cores unworked and waste of these products.
- Palmyra jaggery
- All types of salt
- Dicalcium Phosphate (DCP) of animal feed grade conforming to IS specification No. 5470 :2002
- Kajal [other than kajal pencil sticks]
- Picture books, colouring books or drawing books for children
- Human hair – dressed, thinned, bleached or otherwise worked
- Sanitary Napkins
- Unit container-packed frozen branded vegetables (uncooked/steamed)
- Vegetables preserved using various techniques including brine and other preservatives that are unsuitable for immediate human consumption.
- Music Books/manuscript
Know In detail process of Online GST Return Filing in India through Online GST Return Filing Portal
GST was one of the biggest tax reforms in India. Instead of having different taxes making the tax structure very complicated, GST was introduced to get rid of these various direct and indirect taxes.
From manufacturers and suppliers to dealers and consumers, all taxpayers have to file their tax returns with the GST department every year. Under the new GST regime, filing tax returns has become automated. GST returns can be filed online using the software or apps provided by Goods and Service Tax Network (GSTN) which will auto-populate the details on each GSTR forms. Listed below are the steps for filing GST returns online:
- Visit the GST portal (www.gst.gov.in) or consult to online GST return filing portal experts.
- A 15-digit GST identification number will be issued based on your state code and PAN number.
- Upload invoices on the GST portal or the software. An invoice reference number will be issued against each invoice.
- After uploading invoices, outward return, inward return, and cumulative monthly return have to be filed online. If there are any errors, you have the option to correct it and refile the returns.
- File the outward supply returns in GSTR-1 form through the information section at the GST Common Portal (GSTN) on or before 10th of the following month.
- Details of outward supplies furnished by the supplier will be made available in GSTR-2A to the recipient.
- Recipient has to verify, validate, and modify the details of outward supplies, and also file details of credit or debit notes.
- Recipient has to furnish the details of inward supplies of taxable goods and services in GSTR-2 form.
- The supplier can either accept or reject the modifications of the details of inward supplies made available by the recipient in GSTR-1A.
Documents required to file return by Online GST Return Filing Portal
- List of all invoices issued to persons having GSTIN – B2B Invoices. These invoices must be uploaded to the GSTN. Invoice upload to GSTN need not contain the document. Only the following information about a B2B invoice must be uploaded in the format accepted by GSTN:
- List of all invoices issued to persons not having GSTIN (B2C invoices), wherein the invoice value is more than Rs.2.5 lakhs. Details of all B2C invoices with a value of more than Rs.2.5 lakhs must be uploaded to the GSTN. The following information pertaining to B2C large invoice must be uploaded to the GSTIN.
- Consolidated intra-state sales, categories by GST rates
- Consolidated intra-state sales made through an e-commerce operator, categories by GST rates
- Consolidated inter-state sales, categories by state and GST rates
- Consolidated intra-state sales made through an e-commerce operator, categories by state and GST rates
- Details of all export bills must be uploaded to the GSTN. The following details must be provided in GSTR1 return for all export bills issued.
- HSN wise summary of all goods sold during the month.
- Summary of documents issued during the tax period
- Summary of debit note, credit note, advance receipt and amendments. Now you can file GSTR 1 return online through online GST return filing portal.
In case of purchase from a person registered under GST, the details pertaining to the invoice issued by the seller must be uploaded or verified on the GST portal.
Details of credit received from Input Service Distributor
Supplies received from composition taxable person and other exempt/Nil rated/Non GST supplies received
TDS and TCS credit received
Consolidated Statement of Advances paid/Advance adjusted on account of receipt of supply
Input Tax Credit Reversal / Reclaim
Addition and reduction of amount of output tax for mismatch and other reasons. For more information on documents required for GST return filing online consult or visit to online GST return filing portal.
Know Important Due Dates for Filing GST Return by Online GST Return Filing portal
The CBIC has notified the due dates for filing GSTR-1 for the months of April, May and June 2019.
|April 2019||11th May 2019|
|May 2019||11th June 2019|
|June 2019||11th July 2019|
|April-June 2019||31st July 2019|
For GSTR-3B, the due dates have been notified as follows-
|April 2019||20th May 2019|
|May 2019||20th June 2019|
|June 2019||20th July 2019|
20th Feb 2019
Due date to file GSTR-3B for the month of January 2019 is extended up to 22nd February 2019* Don’t know about dates for GST return filing visit online GST return filing portal for important dates for gst filing.
*subject to a notification by CBIC
31st Dec 2018
- Filing of ITC-04 for Jul 2017 to Dec 2018 extended till 31st Mar 2019.
- Yet to be Migrated taxpayers note! Complete GST Registration by 28th Feb 2019 and file GSTR-1 & GSTR-3B for Jul 2017 to Feb 2019 by 31st Mar 2019.
22nd Dec 2018
Filing GSTR-9, GSTR-9A & GSTR-9C extended till 30th June 2019 for FY 2017-18.
10th Sept 2018
Due date of TRAN-1 and TRAN-2 is extended for certain taxpayers who could not complete filing due to tech glitch, to 31st March 2019 and 30th April 2019 respectively.
How to get Benefits of GST Return filing on Time? Explained by Online GST Return Filing Portal
1. Avoid late fees:
When a GST Registered business misses filing GST Returns within the prescribed due dates*, some amount of late fees is charged. The late fee is also applicable for the delay in filing NIL returns. For example, there are no figures to declare for sales or purchases for the month of December 2018 in the GSTR-3B. Still, this return must be filed.
2. No late penalties:
- Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. It shall be calculated on the Net tax liability identified in the ledger at the time of payment. The time period will be from the next day of filing due date till the actual date of payment.
- As per GST Act Late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. The maximum is Rs. 5,000. There is no late fee on IGST. Read about benefits on GST return filing on online GST return filing portal.
3. Easy and less interfered business:
The Joint Commissioner of SGST/CGST (or a higher officer) may have reasons to believe that in order to evade tax, a person has suppressed any transaction or claimed excess input tax credit etc. Then the Joint Commissioner can authorize any other officer of CGST/SGST (in writing) to inspect places of business of the suspected evader.
4. claim input tax credit:
Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs.
Suppose you are a manufacturer: you produce product A, for which you need materials say B and C. When you purchase material B and C, the price which you paid will include taxes. When you manufacture and sell your final product A, the taxes paid while purchasing B and C, can be claimed as credit. This is input tax credit claimed. The taxes paid to the govt on account of sale of product A is output tax.
tax payable on Final Product is Rs 100
tax paid on input is Rs 50
You can claim INPUT CREDIT of Rs 50 and you only need to pay to the government only the balance which is Rs 50 as output tax.
5. Nil Return under GST
The necessity to file nil return GST arise when a registered dealer in GST has not turned out any outward taxable supplies during the month for which the return is to be prepared.
In returns like GSTR-3B & GSTR-1 there are numerous details to be filled by a registered tax payer with regards to his tax liability and Outward supplies. But a person with zero sales need not have to fill those many details on the GSTN Network which a normal tax payers would file with respect to his returns. For online GST return in India or GST return filing online in India consult to online GST return filing portal.
FAQ’s about GST Return filing in India on Online GST Return Filing portal
who shall file GST regularly and who shall not ?
Every registered taxable person is required to file returns under the GST law. If you have not performed any business activities during the period covered by a return, you need to file a Nil return.
There are some entities that will need to register for GST but aren’t required to file returns regularly, such as UN bodies (and foreign consulates) must register for a unique GST ID, but they are required to file returns only for months during which they make purchases.
Some entities do not need to register or file returns. Government entities and Public Sector Undertakings (PSUs), entities dealing with non-GST supplies, and those who deal with exempted/Nil rated/non GST goods and/or services will neither be required to register under the GST nor file returns. To know more who shall file GST regularly read in brief on this at online GST return filing portal.
why is GSTR-2 important ?
The GSTR-2 contains the details of all of your inward supplies, which is necessary for claiming input tax credit for your outward supplies. It needs to be filed before the 15th of the following month, and it includes:
- The taxpayer’s basic information (name, GSTIN, etc.)
- The period for which the tax return is being filed.
- Final invoice-level inward supply information related to the tax period, listed separately for goods and services.
- The information submitted by the counter-party (the supplier of the inward goods or services) in their GSTR-1 will be auto-populated in the taxpayer’s GSTR-2.
- Input tax credit (ITC) received on invoices for which you have already availed partial credits.
Who and when an entity has to register?
Every entity whose taxable supply of Goods or Services or both exceeds the threshold limit has to be registered for GSTIN.
|North Eastern States||10 Lakhs||within 30 days from the date on which he become liable to registration|
|Rest of India||20 Lakhs||within 30 days from the date on which he become liable to registration|
Shall E-commerce operators file the return?
Yes, all e-commerce operators who allow other suppliers to sell goods or services through their portals are required to file the GSTR-8 return. Those who use their own portal to sell their goods or services need not file this return. The GSTR-8 needs to be filed before the 10th of the following month.
what happens when the operation is permanently closed down?
Any business that permanently terminates its operations is required to file the GSTR-10, also known as the final GST return.
offences under GST?
- There are 21 offenses under GST. We have mentioned a few here. For the entire list of 21 offenses please go to our main article on offenses.
- The major offenses under GST are:
- Not registering under GST, even though required by law. (Read our article for the list of those who have to register mandatorily under GST)
- Supply of any goods/services without any invoice or issuing a false invoice
- The issue of invoices by a taxable person using the GSTIN of another bona fide taxpayer
- Submission of false information while registering under GST
- Submission of fake financial records/documents or files, or fake returns to evade tax
- Obtaining refunds by fraud
- Deliberate suppression of sales to evade tax
- Opting for composition scheme even though a taxpayer is ineligible
Penalty for late filing?
Late filing attracts penalty called late fee. The late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day*. The maximum is Rs. 5,000. There is no late fee on IGST in case of delayed filing.
Along with late fee, interest has to be paid at 18% per annum. It has to be calculated by the taxpayer on the tax to be paid. The time period will be from the next day of filing to the date of payment.
Penalty for not filing?
If you don’t file any GST return then subsequent returns cannot be filed. For example, if GSTR-2 return of August is not filed then the next return GSTR-3 and subsequent returns of September cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty. Know about penalties on GST return filing on online GST return filing portal.
Can only the business owner file the return?
Technically, you need the PAN and DSC of the registered person along with an OTP that will be sent by the GSTN to the registered person’s phone while filing GST returns. Hence it is better if the business owner is made aware before you initiate the filing process.
Can the data be edited after filing return ?
Yes, you are allowed to make corrections. As a registered taxpayer, you are legally bound to file the details of every modification made to the return data to the GSTN either through an amendment form (if the edit was made before 17th of the following) or using the amendment sections under the next month’s tax return (if the edit was made after 17th of the following month). This is because modifications to invoices and other documents can result in a mismatch between your data and the data held by your customer or vendor and this will lead to litigation. Hence, by declaring the details of all edits made by you, you stay true to the law.