Collection of documents and invoices for the GST return filing
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Completion of GST return filing.
GST return is a document that will contain all the details of your sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). Once you file GST returns, you will need to pay the resulting tax liability (money that you owe the government).All business owners and dealers who have registered under the GST system must file GST returns according to the nature of their business or transactions
(1) The Elimination of a Wide Range of Different Taxes.
(2) Doing Away With the Cascading Effect.
(3) The ease with which businesses may operate on both a national and international scale.
(4) The Control and Supervision of Unorganized Businesses.
(5) Efficient Economy.
(1) Use the GST portal that is www.gst.gov.in.
(2) Based on your state code and PAN number, a 15 digit number will be issued.
(3) Each invoice that you have needs to be uploaded. Against each invoice, a reference number will be issued.
(4) After this, the next step is to file the outward returns, inward returns, and cumulative monthly returns. All errors can be rectified.
(5) File the outward supply returns of GSTR-1 using the information section at the GST Common Portal on or before the 10th of the month.
(6) The outward supplies furnished by the supplier will be gotten from the GSTR-2A.
(7) After this, the recipient has to verify the details of the outward supplies and file details of credit or debit notes.
(8) Next, supply details of the inward supplies of goods and services in the GSTR-2 form.
(9) Supplier can accept or reject the details provided by the inward supplies made apparent in the GSTR-1A
(1) Customer GSTIN.
(2) Type of invoice.
(3) Place of supply.
(4) Invoice no
(5) GST rate
(6) Taxable value
(7) List of invoices
(8) HSN wise summary details
(9) Consolidate intra state and inter-state sales
(10) Summary of requisite documents such as Debit card and Credit card
(1) What is GST return filing?
(2) What are different types of GST returns?
(3) What do i need to record on the GSTR-1?
(4) What makes the GSTR-2 important?
(5) What do i do if my vendor does not upload my invoice in their GSTR-1?
