GST Return Filing

GST Return Filing Services

If you have started your own business, then the calculating and filing of the Goods and Services Tax may seem scary, but it isn’t; with the right guidance and procedure, one can definitely do it right. That is why, as one of the leading GST return filing consultants, Startup Club India is here to guide you. File GST return in India without any troubles with our guidance

What is a Goods and Services Tax Return?

A GST Return (GSTR) is an official document where taxpayers report their income and expenses to the Indian Tax Authority. Tax authorities use this document to determine an entity’s tax liability and process any dues or refunds accordingly. There are four important and main components of GST return:

• Sales
• Purchases
• Output GST amounting to sales and
• GST paid on purchases 

Different types of GST returns

The following are the different types of GST returns:

• GSTR-1: This includes information on taxable goods and services supplied, which must be reported monthly or quarterly.

• GSTR-2: This includes information on taxable goods and services received by the business.
• GSTR-3: This includes a record of both sales and purchases, ensuring accurate tax reporting.
• GSTR-4: This includes information on quarterly tax filings and compounded tax liabilities for eligible taxpayers.
• GSTR-5: This includes information on tax obligations for non-resident foreign taxable persons.
• GSTR-6: This enables an Input Service Distributor to distribute input tax credit across its registered branches.
• GSTR-7: This return includes information for government entities responsible for deducting tax at source (TDS).
• GSTR-8: This includes supply records of e-commerce operators along with the tax collected at source (TCS).
• GSTR-9: This form is used for annual return filing by regular taxpayers under GST.

Filings of GST return online

Follow the following steps to file your GST returns online:

• Step 1: Log onto www.gst.gov.in

• Step 2: Input your 15-digit GSTIN to proceed. This number acts as your username for accessing the GST portal.
• Step 3: Upload your invoices by selecting the ‘Returns’ dashboard under the ‘Services’ section on the GST portal.
• Step 4: Fill out the required filing period and enter your tax liabilities as per your invoices.
• Step 5: After uploading your invoices, select the ‘Payment of Tax’ option to proceed with the tax payment.
• Step 6: The GST portal allows you to pay your tax liability using Internet Banking or NEFT/RTGS, as per your invoice.

Filling GST returns correctly is very important for businesses as it helps them to stay compliant and also avoid penalties. Whether you're in India or expanding internationally to countries like the United States, Canada, Australia, the United Kingdom, Germany, Singapore, Hong Kong, the United Arab Emirates, or South Africa, ensuring accurate GST filings is important. Startup Club India offers expert GST Return Filing In Delhi, providing smooth and easy GST Return Filing Services In Delhi to help businesses meet all tax requirements efficiently. Stay compliant with hassle-free GST Return Filing today.