As you know GST is Goods and Services Tax and it is one of the important tax reforms in recent times. Because introduction of GST brought many changes in taxation system in India. That is why even Government of India extended deadline to file returns under GST. But now GST Network of India announced last date for filing GST Returns. Thus you should see that you file Goods and Services Tax Returns soon. It is best if you did not wait for last date to file GST tax returns online.
GST return in India
To help you with filing of Goods and Services Tax in India we gave GST return filing procedure. Moreover you will have idea of how many returns are there in GST. Even you will learn how to file GST return online. So you continue reading to know more about GST return filing procedure.
Start GST filing of returns
Government of India allowed people to file GST return from August 5. As a result you can now file GSTR – 3B in simple way. GSTN Chairman Navin Kumar added that tax payers can make payment in many ways.
And one of them is online payment of GST taxes using internet banking facility. While to pay Goods and Services Taxes all tax payers must go to GST portal. At the portal tax payers log in to account. Because only after logging you can file GSTR – 3B return.
You also can know types of GST returns in India.
Which GST return should I file?
Tax payers have to file July and August GST returns. And for this you fill GSTR 3B form at official GST portal. Moreover you should give details of both outward supplies and input credit.
Details for GSTR 3 in filing returns
Apart from above things you provide summary of self assessed liabilities. You must give tax payment details and Input Tax Credit or ITC. When you provide these details you can file your GSTR 3B online.
On other hand Government of India extended filing of GST Returns as people were not ready to file taxes. But now there will not be any extension. So it is better that you remember last date to file GST returns.
Last date to file GST returns
All businesses must file GST returns for July by 5 September. While companies should file sale invoice for August by 20 September. Finally you file sales returns for September by 20 October.
So if you follow above deadline then you can in simple manner file Goods and Services Tax Returns. And it will be within deadline. In case you do not know how to file GST returns using GSTR 3 then do not worry because you can learn this process here.
Know how to file GST using GSTR 3 form. (did not post content)