GST Registration and Return

GST Registration and Return

Our country is heading toward the most significant tax reforms ever, and the entire world is watching this rollout, as the 3^rd largest economy is heading toward the destination based tax reporting structure. Every transaction has to be reported through the last mile with a simple invoice. The GST council & the Ministry of finance came up with the great idea to track all such invoices at one place & collect data for the taxpayer.

The GST, i.e., Goods and Service Tax came to simplify the taxation process and to remove the many taxes. After the implementation of the GST, the whole nation report using the same process irrespective to their business and where and how they run their businesses. To store all the data of the buyer and seller at one place, the Ministry deploys GSTN, i.e., Good & Service Tax Network.

What Is GST & Who Should File The GST Return

It is one of the latest taxation processes which has been implemented to remove the many taxes, and all the business organization has to fill the GST twice in a month and yearly return. There are different types of GST return, and us as being your best GST return and registration guide share all kinds of the GST returns:

GST Return Type	Particulars	Frequency
GSTR-1	It includes Outward supplies of Taxable Goods or services	Monthly
GSTR-2	It consists of the inwards supplies of goods or service	Monthly
GSTR-3	It consists of the monthly return based on outward supplies and inward supplies, and it also includes payment of tax	Monthly
GSTR-3B	It contains a simple replacement based on outward supplies and inwards supplies	Monthly
GSTR-4	Return of taxpayer registered under the composition levy	Quarterly
GSTR-5	It includes the performance of non- a Resident foreign taxable person	Monthly
GSTR-6	It consists of the details of the input service provider	Monthly
GSTR-7	It consists of the authorities deducting tax at source	Monthly
GSTR-8	This form of GST return consists of the features of supplies affected through the e-commerce operator & the amount of tax collected	Monthly
GSTR-9	It consists of the back of the ordinary taxpayer	Yearly
GSTR-9A	It includes the replacement of average taxpayer who registered under the composition levy anytime during the year	Yearly
GSTR-10	It consists of the final performance	Once when the GST return is canceled or surrendered
GSTR-11	It includes the details of inward supplies to be furnished by a person having a UIN & claim for a return	Monthly

If you have any issues regarding the GST return and registration then you can contact us we have GST experts who can help you to file your GST return without any trouble.