How often do I need to file GST returns? and How can I file my GST returns online?
The filing frequency for Goods and Services Tax (GST) returns in India depends on the type of taxpayer and the turnover.
- Monthly Filing:
- Regular taxpayers with an annual turnover exceeding a specified threshold are typically required to file monthly GST returns.
- Quarterly Filing:
- Composition scheme taxpayers and small taxpayers with a turnover below a specified limit may file returns on a quarterly basis.
- Annual Filing:
- In addition to regular or quarterly filings, taxpayers are generally required to file an annual return.
To file GST returns online in India, you can follow these general steps:
- GST Portal Registration:
- Ensure that you are registered on the official GST portal (https://www.gst.gov.in/).
- Login to GST Portal:
- Log in to the GST portal using your credentials.
- Access the Returns Dashboard:
- On the portal, navigate to the “Services” tab, then select “Returns” and click on “Returns Dashboard.”
- Select the Relevant Return:
- Choose the type of GST return you need to file based on your taxpayer category and filing frequency.
- Complete the Return Form:
- Fill in the required details in the online return form. You may need to provide information such as sales, purchases, input tax credit, and other relevant details.
- Save and Verify Data:
- Save the entered data and verify it for accuracy.
- Submit the Return:
- After verifying the information, submit the return on the GST portal.
- Payment of Taxes:
- If there is any tax liability, make the payment online through the portal. You may need to generate a challan for payment.
- Acknowledgment:
- After successful submission and payment, you will receive an acknowledgment in the form of an acknowledgment number.