Procedure for Filing GST Return without much Legal Formalities

A return is a statement of specified particulars relating to the business activity or any other profession undertaken by the taxable person with income tax department of India at the end of every financial year. People working as self-employed, co-owners of the business, working professionals or salaried employees file returns at the end of the financial year.

Similarly, the working professionals, business owners, and sellers that offer goods, or services file GST as per the government requirements. The return filed with the income gets collected by the authorised government organisations and reported to the central government.

The GST is a much-awaited reform that aims are monitoring illegal and unfair transactions and acts as a control measure in making business transactions smooth speedy avoiding the trouble of multiple filing done by the purchaser, seller or manufacturer with multiple state level taxation authorities.

Steps for Filing GST Return:

Step 1: The taxpayer will upload the final GSTR-1 (Outward supplies made by a taxpayer other than compounding taxpayer and ISD) return form either directly through data entry in the GST Common Portal or by uploading the file containing the said GSTR-1 return form through Apps by the 10th day succeeding the month.

The increase or decrease (in supply invoices) would be allowed, only on the basis of the details uploaded by the purchaser in GSTR-2 (Inward supplies received by a taxpayer other than a compounding taxpayer and ISD) up to the 17th day of the month i.e., within a period of 7 days.

Step 2: GST Common Portal (GSTN) will be auto-generated in the provisional GSTR-2 of a taxpayer.

Step 3: Purchasing taxpayer will have to either accept, reject or modify that provisional GSTR-2.

Step 4: Purchasing taxpayer shall be able to add additional purchase invoice details in his GSTR-2 which have not been uploaded by the supplier as mentioned in Step 1&2, to ensure the valid invoice issued by the supplier and receiving of supplies.

Step 5: Taxpayers will have the option to do reconciliation of inward supplies with suppliers during the next 7 days by following up with their counter-party taxpayers for any missing supply invoices in the GSTR-1 of the suppliers.

Step 6: Taxpayers will finalise their GSTR-1 and GSTR-2 return by online Common, Portal or using the GSTN compliant offline facility in their accounting applications.

Step 7: Taxpayers will pay the amount as shown in the draft GSTR-3 (Monthly return other than compounding taxpayer and ISD) return generated automatically generated at the online Portal Post Finalization of activities mentioned above in Step 6.

Step 8: Taxpayer will debit the both ITC, cash ledger, and mention the debit entry number in the GSTR-3 return and would submit the same.

How to file GST Return Online?

A Registered Taxpayer can File GST Return at GST Common Portal Through:

  • Logging on to the GST Common Portal using his own user ID and password.
  • Authorised representative using the user Id and password as chosen at the time of registration, logging on to the GST Common Portal.
The filing may be done either directly or by using Applications developed by accounting or IT companies. A tax liable person may prepare and submit his returns himself or can use the services of a TRP. The taxpayer must choose a TRP amongst the multiple TRPs available as a registered with the respective State level tax authorities or CBEC. Which is changeable by the taxpayer?

A Process under GST Filing through Tax Return Preparers (TRP) Scheme:

  • The TRPs registered taxpayer with tax authorities will get provided with a separate user ID and password.
  • Using user Id and password, the TRP will prepare the return in prescribed format depending on the information furnished by the taxable person. The TRP will be able to upload all types of return.
  • The system will generate an email or SMS automatically having basic data of return and send the same to the taxpayer.
  • The taxpayer can accept the correctness of the return and would submit it by clicking on the link provided in the e–mail or by SMS. In a case, if he does not respond to the e-mail, the return will get considered as not submitted.
Along with the return, a taxpayer is not required to submit any other document. The data as required for scrutiny or accounting shall be made available by the taxpayer to the audit party deputed by the CBEC, State tax authorities, and CAG.

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