How to File GST Returns Online: Following the introduction of GST, traders of all sizes across the country are required to periodically declare the income generated from GST-related transactions. To do so, they must file GST returns. The applicable GST tax varies for each business trader; the tax amount depends on the income generated by the business. Your income determines which GST tax category you fall into and the amount of tax you are liable to pay.
There are various categories for filing GST returns. Whether you need to file GSTR-1 or GSTR-3 depends on your business turnover. Businesses are required to file both monthly and annual returns. You must first determine which category your business falls under; this will help you understand which GST return to file and when.
How to File GST Returns Online
To file GST, first visit the www.gst.gov.in portal.
Next, enter your PAN number and your state code.
You will then receive a 15-digit GST number.
After this step, upload your challan.
A unique number will be issued for each challan.
If the upload fails, please re-upload it.
Subsequently, file the outward supply return using the GSTR-1 form on the GST portal.
If you have a higher turnover, you may file GSTR-3B.
Then, enter the supply details into the form.
In GSTR-1A, you can accept or reject the information provided by the recipient.
How to File a Nil GSTR-1 via SMS
First, type the tax period in the format: GSTIN<space>MMYYYY. Then, send this message to 14409. You must fill in all the details in this specific format to successfully file your GST return. Carefully review the format and enter all the required information step-by-step.
What is the difference between GSTR-1 and GSTR-3B?
It is worth noting that regular taxpayers under GST file two types of returns: GSTR-1 and GSTR-3B. Regarding GSTR-3B, the national average filing rate is approximately 95 per cent, and Bihar’s average is roughly the same. In contrast, the national average for GSTR-1 ranges from 66 per cent to 68 cent, whereas Bihar’s average stands between 38 per cent and 40 cent. Thus, Bihar lags significantly behind in GSTR-1 filing. The government is taking various measures to improve the situation and is looking for easier ways for taxpayers to file GSTR-1 from the comfort of their homes.
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