Step by step guidelines to file GST (Goods and Services Tax) returns:
An enrolled Tax Payer should record GST Return at GST Common Portal either:
(i) By himself signing on to the GST Common Portal utilizing his own client ID and Password;
(ii) Through his approved agent utilizing the client Id and password (dispensed to the approved agent by the tax specialists), as picked at the time of registration, signing on to the GST Common Portal.
The filing might be done either specifically or by utilizing Applications created by accounting organizations/IT organizations which will associate with GST System utilizing APIs or through Facilitation Center (FC).
At the season of registration, each citizen needs to register with GST Common Portal (GSTN). A User-ID and Password will be produced and suggested to the citizen. This User-ID and Password should be utilized by him for documenting the tax return on the Common Portal also. In any case, an assessable individual may plan and present his returns himself or can utilize administrations of a TRP. The procedure for documenting return through TRP is given underneath:
(i) A TRP should be picked by the citizen out of TRPs enlisted with separate State tax experts/CBEC (citizen will have the choice to change TRP whenever);
(ii) The TRPs enrolled with tax specialists will be given separate ID and password;
(iii) Using his own particular Id and password, the TRP will set up the return in recommended format on the premise of the data provided to him by the taxpayer. (The lawful duty of the accuracy of data contained in the return arranged by the TRP will rest with just the citizen and the TRP should not be obligated for any mistakes or inaccurate data.);
(iv)The TRP will have the capacity to upload a wide range of return, in light of the data gave by the citizen who has approved him to do as such at the portal;
(v) The framework will produce an email and SMS having fundamental information of return and send the same to the citizen;
(vi)The citizen can acknowledge the accuracy of the return and present the same by simply tapping on the link gave in the email. On the off chance that he doesn’t react to the email, return will be considered as not submitted;
(vii) If the citizen needs to respond to the SMS, he may do as such by answering YES and say the OTP sent alongside the SMS. In the event that he doesn’t react to the SMS, return will be considered as not submitted;
(viii) This system might be given in the GST law and the TRPs would need to be endorsed by the tax organization and dispensed a Unique ID and will likewise be given proper training by them.
The return can likewise be done by the citizen through any Facilitation Center (FC) endorsed by the Tax specialists and chosen by the citizen at GST System. The citizen shall make accessible the essential documents to the FC. Help Center (FC) should be in charge of the uploading of a wide range of return given to it by the citizen. Subsequent to transferring the information on the common portal utilizing the ID and Password of FC, the GSTN framework will create an email/SMS for the citizen. With e-sign being worked out by Department of Electronics and Information Technology (DEITY), signing of return by one-time Digital Signature Certificate (DSC) can likewise be finished. This will get rid of the prerequisite of print-out of affirmation of return proposed before based for the present arrangement of ITR documenting.
Enrolment of TRP/FC will be finished by CBEC/separate State tax specialists and the enlistment information will be imparted to GSTN to empower candidates/citizens to pick one from the accessible list of enlisted TRPs/FCs.
The common portal will show the electronic form to be utilized for documenting the return. The form can be downloaded, filled and afterward transferred utilizing affirmed e-apparatuses.
The entryway will give a form generation utility which can be downloaded by the citizen for arrangement of the return offline and for directing the preparatory number checks before return is transferred for the gateway utilizing APIs.
Alongside the return, citizen is not required to present some other record. The records as required for examination or review should be made accessible by the citizen to the audit party deputed by the CBEC/State tax experts/CAG.
The Common Portal will keep up and show the record of the Tax Payer giving data about the expense kept, input tax credit profited/taken, input tax credit used, tax liability made, ITC conveyed forward, tax instalments made by charging the records under separate major tax heads, discount conceded and individual money record and credit record conveyed forward [Separate record will be kept up for ITC and Cash for each Taxpayer]. The data of Interest on deferred payments, Penalty for defaults, Tax Demand according to adjudication/appellate orders, and so on would likewise be given. The record will likewise give the status of the tax contribution or excess payment on any given date. In this way such record would have eight pages and money ledger would have 20 pages.
A return related risk ought to mean the tax obligation for the transactions (counting credit/debit notes) of the return time frame and the extra obligation emerging out of any ITC reversal or late incorporation of the supply in the return period. Unpaid debts relating to review/reassessment/enforcement results would be taken care of independently, and not blended with the return related liabilities and instalments. The instalments made on this record, be that as it may, would be reflected in the return.