Know all about GST return filing online

GST return is a document that contains the details of the income of the taxpayer. This document needs to be filed with the tax authorities.

One can file GST return using our GST software or by availing our assisted plans for normal taxpayers, other taxpayers or e-commerce tax plan.

Charges for it are as follows:
If you wish to use our software, then we have a free trial you can use for 2 months, basic software worth Rs.4,999 and enterprise software worth Rs.24,999.We have assisted plans for normal taxpayers and it ranges from a basic plan worth Rs.1,350 per month, Medium plan worth Rs.1,999 per month, or the enterprise plan worth Rs.3,599 per month.

We also provide assisted plans for other taxpayers and the price range for it is Rs.799 for the compounding scheme, Rs.3,500 for TDS, Rs.5,599 for ISD, and Rs.3,599 for the non-resident taxpayer.

Along with this, we also have an e-commerce portal that helps the e-commerce companies to file the return which costs you Rs.2,200 per month.

• To file for the GST return, one has to first visit our website: www.legalraasta.com
• Then, click on the ‘tax’ tab, and under the GST column, click on the GST return button.
• After this, you have to feed in your name, email id, and mobile number.
• Here, a user has multiple options to go through according to one’s needs and budget. You can select for a free trial of 2 months to get the overall working of our software ‘Taxraahi’.
• If you already have an account, you can log in or create a new account.
• Then, click on add company, where you need to feed in GSTN, GSTN password, GSTIN, Date of GST registration, select your type of entity, and some other basic details.
• The next step would be to upload the data about your sale & purchases and select the type of file you have accounts in. It could be tally, excel, or busy.
• Match in your data and click on the Save button.
Finally you can save the data on our portal. You can either use OTP (one-time password) or captcha

You will be liable to pay interest and a fee for not filing the return on time. There is 18% interest per annum. The base for this interest is the amount of outstanding tax to be paid. It should be done from the next day of filing to the date of payment.

There is also a late fee, which is Rs.100 per day as per the GST Act. It is Rs.100 under CGST and Rs.100 under SGST, so the total is Rs.200. The maximum amount that can be levied is Rs.5,000. IGST is exempted from a late fee.

The following are the types of GST returns:

• GSTR-1 for the monthly return of the outward supplies
• GSTR-2 for the monthly return of the inward supplies
• GSTR-3 for the monthly return containing the details of the taxpayers from the other forms such as GSTR-1, GSTR-2, GSTR-6, GSTR-7)
• GSTR-4 for the quarterly return
• GSTR-5 for the variable return to be filed by the non-resident taxpayer
• GSTR-6 for the monthly return to be filed by the input service distributor
• GSTR-7 for the monthly return to be filed for the Tax Deducted at Source (TDS)
• GSTR-8 for the monthly return to be filed by e-commerce operator
• GSTR-9 for the annual return
• GSTR-10 for the final return paid before terminating business activities permanently
• GSTR-11 for the taxed to be paid by the taxpayers with a Unique Identification Number (UIN)

A- Yes, all e-commerce portals that allows other producers and sellers to use their portal should file the return using the GSTR-8. If you use your own portal, you don’t need to file this return.

The benefits or purpose of filing GST return are multiple

• It is used to finalize the tax liabilities of the taxpayer within the stipulated period.
• Furthermore, is provides necessary inputs for taking policy decisions.
• Information on mode of transfer to tax administration.
• It is easier to manage audit and anti-tax evasion programs of tax administration.

Businesses who file for GSTR-1 to 3, other than casual taxpayers and taxpayers under composition scheme are required to file annual return.

A large part is auto populated from GSTR-1 to the GSTR-2 but still some information needs to be fed into GSTR-2. Like the details of imports, details of purchases from non-registered or composition suppliers and exempt/non-GST/nil GST supplies etc.

No, but certain fields of the information from the invoices needs to be uploaded.

It completely depends upon the type of registration and transactions. Different periods have been specified for this.

• Monthly returns needs to be filed by the regular taxpayers, foreign non-residents, input service provider, tax deductors and e-commerce operators.
• Quarterly returns needs to be filed by the composition taxpayers.

No, the return forms are common for all the three. Though there is a separate column in each, which one needs to file depending upon the inter-state and intra-state supply.

GSTR-5 needs to be furnished in the case of a non-resident taxable assesse. These are the suppliers that came for a short while to make supplies in India. But they don’t have a business establishment in the country. The critical headlines for GSTR-5 include:

• GSTIN
• Imported goods
• Imported services
• Outward supplies made
• Details of debit credit notes