Quick Answer: Can I File GST Myself?

How is GST return calculated?

How to compute GST return.

This can be done by subtracting the comprehensive GST you have paid on your purchases and expenses (available on the box 14 on your return) from the holistic GST you have received from your sales and income (available on the box 10 on your return)..

What if GST return not filed?

If you don’t file any GST return then subsequent returns cannot be filed. For example, if GSTR-2 return of August is not filed then the next return GSTR-3 and subsequent returns of September cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty (see below).

Do I need to file GST return every month?

Every registered person paying GST is required to furnish an electronic return every calendar month. A “Tax Return” is a document that showcases the income of a registered taxpayer. Such a document needs to be filed with the tax authorities in order to pay tax to the government.

How do I file GST every month?

How to file GST return online:Visit the GST portal (www.gst.gov.in).A 15-digit GST identification number will be issued based on your state code and PAN number.Upload invoices on the GST portal or the software. … After uploading invoices, outward return, inward return, and cumulative monthly return have to be filed online.More items…•

How do I file a zero GST return?

The following is a step-by-step guide to file such a return:Step 1: Log in to the GST portal and select the GSTR-3B return.Step 2: Select Nil Return of GSTR-3B.Step 3: Preview Nil GSTR-3B and confirm through a declaration.Step 4: Choose either DSC or EVC to proceed to file.More items…•

How do I fill my Gstr 1 return?

1. 7- B2C OthersSelect Place of Supply (State Code) where supply was delivered. The Supply Type field gets auto populated.Enter the Value of Taxable supplies made.Select Rate of GST applicable.Enter GSTIN of e-commerce operator(if any)Click on Save.

Can I file GST online?

Process to File GST Returns Online The returns can be filed online through applications & software introduced by Goods and Service Tax Network (GSTN).

What are the 3 types of GST?

Know about the types of GST in IndiaHighlights.CGST, SGST and IGST are the 3 types of GST in India.CGST and SGST are levied on intra-state transactions.CGST is collected by the centre and SGST by the state.IGST is charged on inter-state goods/services transactions.

Is GST to be paid monthly?

GST payment is extremely crucial for the compliance of a business. As per the guidelines, every registered regular taxpayer has to furnish the GST returns on a monthly basis, and pay the requisite tax by the due date for payment of GST – 20th of every month.

What if GST return not filed for 6 months?

Late Filing Penalty for Non-Filing of GST Return The penalty for late filing is INR 100 for each day till the details get furnished in case the person fails to provide details related to inward or outward supply, monthly or annual return by the due date.

Is it mandatory to file GST return?

Return filing is mandatory under GST. Even if there is no transaction, you must file a Nil return. You cannot file a return if you do not file previous month/quarter’s return. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.

How do I file a GST bill?

Step 1 – Click on ‘ADD MISSING INVOICE DETAILS’ to add details of any inward supplies from a registered person and reverse charge supplies missing in GSTR-2A. Step 2 – Enter the following details: GSTIN of the Supplier. Invoice Number, Invoice Date, Total Invoice Value.

Who can file GST returns?

Taxpayers registered under the GST whose turnover exceeds Rs 2 crore in a financial year file it on an annual basis. Taxpayers have to get their accounts done through a CA (Chartered Accountant).

How do I file a GST return for a small business?

The turnover/gross receipt as per GST and GSTIN must be reported while filing ITR-4. Further, details of both CGST and SGST/IGST paid on purchases, sales and expenses must be specified under profit and loss account, by business owners who are filing their returns under ITR-3, ITR-5 and ITR-6.