GST Return filing Process

  • GST is a single tax which replaces all the indirect taxes levied at central and state level in India. GST is a single tax and it requires to be levied on the supply of goods and services.

    GST return

    Under GST, a registered dealer has to file GST returns which include purchases, Input tax credit (GST paid on purchases). GST returns is the tax return that requires to be filed on sale and purchase. This can be inward and outward supplies, annually, Quarterly and by e - Commerce operators.  Every registered business is bound to file monthly, quarterly and/or annual GST Returns based on the type of business.

    GST return filing,

    Under the new GST regime, a huge number of businesses in India have obtained GST registration. Filling of GST return is mandatory for all entities having GST registration, irrespective of business activity, sales or profitability during the GST return filing period. However even a dormant business that obtained GST registration requires to file GST return. Annual GST return needs to be filed by all GST registered entities on/before the 31st of December. 

    GST Registration

    Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration will not be allowed to collect GST from a customer or claim input tax credit of GST paid.. Entities without GST registration  can  be penalised. Once an entity crosses the minimum threshold turnover, then Registration under GST is mandatory . As per the GST Council, entities in special category states with an annual turnover of prescribed amount and above than that will  require to register under GST. If annual turnover of all other entities exceeds prescribed amount, then the entities  require to register for GST.

    GST Registration  process  in India

    GST registration can be done in three simple steps which are given below
    1) Submission of Application

    2) After submission of application, applicant will get Application Reference number (ARN Number)

    3) After getting ARN number, applicant is able to register GST and applicant will also get a registered GST Number

    Documents required for  GST registration

    Certain documents are necessary for GST registration   which are given below

    1) PAN card of the Company.

    2) Partnership deed

    3)  Memorandum of Association (MOA)

    4) Articles of Association (AOA)

    5)  Certificate of incorporation.

    6) Details and proof of place of business like rent agreement or electricity bill.

    Online GST Registration

    GST registration is done online in the Government GST portal. It may be done directly by the applicant or through a Facilitation Centre notified by the government. There is no application fee for the Online GST Registration Process. Benefits of voluntary online GST registration process include easy collection of tax from customers, process to claim Input Tax Credit becomes facile, issuance of GST invoice

    Corpbiz is the leading business services platform in India, offering end to end GST services from registration to return filing. Corpbiz can help anyone to file GST returns in India. Get a free consultation on GST return filing by scheduling an appointment with Corpbiz Advisor.


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