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GST Return Filing

GST Filing

Last Updated 16th Apr 2021

  • The process of compiling complete details of each transaction and the applicable GST on it to submit it to the GST authorities is called the GST return filing.
  • The payment under the GST filing is based on details like total sales, total purchases, GST paid by customers (Output GST) and GST paid by businesses (Input GST).
  • GST return filing payments can be made online via NEFT, RTGS or mobile banking.
  • The GST e file process is quick, hassle-free and convenient.
  • GST Return Filing date for the FY 2019-20 has been extended till 31st March 2021.

How to File GST Return?

The Goods and services tax is an indirect tax that is charged on different goods and services offered to customers. The GST is ultimately charged from consumers; however, it is the business enterprises or suppliers offering the goods and services that submit the GST to the concerned authorities. This process of remitting the tax to the Government is called the GST return filing. GST return filing is based on information such as total sales, total purchases, GST paid by customers (Output GST) and GST paid by businesses (Input GST). These are used to derive the amount of GST that a business unit needs to pay as part of the GST return filing. The GST filing can be done easily through the GST process, which is convenient and time-saving. To know the process of GST filing , follow the below-mentioned steps.

10 Steps to File GST Returns Online

  • Go to the official GST online portal (www.gst.gov.in). If you are not already registered, enter details like your state code and PAN number to get a fifteen digit GST identification number. If you're already registered, you can proceed by directly entering the identification number.
  • After the registration process, find the 'Services' button on the GST portal.Under 'Services', click on the option 'Return dashboard'.
  • As you click on 'Return Dashboard', a drop-down menu appears. Here fill in the financial year and period for which you wish to file the GST return.
  • Proceed, by entering the type of return you wish to file, such as GST1, GST 2, GST 3, GST 9A, etc. and thereby click on 'Prepare online'. Enter the required details such as the invoice amount and the late fee fine, if applicable and click on 'Save'.
  • As you 'save' the required information, a success message appears on the screen. Click on 'Submit' to file the GST return.
  • On successful submission of the information, the status of your GST return changes to 'Submitted'.
  • Scroll down, and find the 'Payment of tax' file. The file shows details of the cash and credit balance available on your GST account. To clear off the liabilities, one can use the previous credits, if available.
  • For making a payment for the GST return filing, choose the option 'offset liability' and click on 'ok' to confirm the same. On confirming this, a declaration box appears. Check in the declaration box and select an authorized signatory form the drop-down menu.
  • Further, click on 'File Form with DSC' to file in the form with a Digital signature certificate or 'File Form with EVC' to file the form with an Electronic verification code.
  • After signing the declaration, make the GST return payment via NEFT, RTGS or mobile banking. One can also make a payment by generating a challan for the same.

GST Return Filing Status

To check GST Return filing status, follow the steps as mentioned below:

  • Visit the official GST portal link https://services.gst.gov.in/services/searchtp to track the status of GST return filing.
  • Next, enter your GSTIN/UIN and click on Search.
  • Taxpayers can use the above-mentioned link to check the GST return filing status for the last 10 GST filing.
  • You can also use online tools to know the GST Return Filing Status.

GST Return Filing Date

  • The Finance Ministry has extended the GST Return filing date to March 31, 2021.
  • Earlier, the GST return filing last date was February 28 which has been extended from December 31, 2020.

FAQs

What is GST return filing?

GST return filing is based on information such as total sales, total payments, Output GST and Input GST. Based on this information, the authorities calculate the tax liability that an individual is bound to pay to the Government. The payment of the GST tax for the supply of goods and services is called the GST return filing.

What is the due date for filing the GST returns?

This year the due date for filing GST returns had been extended up to last week of June 2020.

Who can file GST returns?

GST returns can be filled by suppliers of all goods and services that are covered under GST. Apart from that, GST returns can be filled by regular taxpayers, composition dealers, e-commerce operators, non-resident taxpayers and Input service distributors, amongst others.

How do I file GST every month?

You can file GST every month by submitting the GST type GSTR-1 or GSTR-3B. You can fill in your monthly GST bill via the online process, on the basis of outward supplies of goods and services and input tax credit.


Our News - Apr 2021
  • 2021-03-02 : GST crosses Rs. 1.1 lakh cr-mark for third straight month
    GST collections for February crossed Rs. 1.1 lakh crore for the third consecutive month.The gross GST revenue collected in the month of February 2021 is Rs. 1,13,143 crore. The increase in GST collection is an indication of economic recovery of the country post the pandemic.
  • 2021-02-18 : Government tightened GST registration rules
    Government made GST rules stringent. According to the new rules non-compliance will result in the cancellation of a taxpayer’s GST registration. The primary aim of the move is to curtail fraudulent business practices and the wrongful availing of the input tax credit by businesses.
  • 2021-01-01 : Deadlines extended for filing GST
    The government extended the due dates for indirect tax compliance, the government has extended the date for filing annual returns under GST for the financial year 2019-20 to February 28 from the previous deadline of December 31.
  • 2020-12-02 : GST collections for November top ₹1 trillion
    GST revenue scaled ₹1 trillion for the second consecutive month in November, after a sharp decline in the initial months due to the pandemic and the subsequent nationwide lockdown. The government notified that GST collections increased by 1.4% on a year-on-year basis. Out of the ₹1.05 trillion revenue collected, central GST was ₹19,189 crore, state GST was ₹ 25,540 crore, IGST ₹ 51,992 crores and cess ₹8,242 crores.
  • 2020-11-24 : GST registration for an overhaul
    The GST Council law committee has made its recommendations on both new registrations and the removal of current risky taxpayers likely to be interested in the fraud. Comprehensive amendments to the registration procedure for new applicants will soon be considered by the GST Council, which will make the process rigorous for those not opting for Aadhaar-based authentication. The new rules seek to curtail fly-by-night operators that use bogus invoices to take advantage of input tax credits.
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