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GST Return Without The Help Of Any Software

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). GST Return Filing & Billing simplified with ClearTax GST Software u00b7

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GST Return Without The Help Of Any Software

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  1. In the recent council meeting it is decided that the taxpayers with turnover of up to 5 crores can file their GSTR 3b quarterly. It also includes the filing of GSTR. Process for filing GST return conveniently GST return is one of the basic requirement of GST. Following the rules is also a very important part. You can save yourself from legal notices and trials, if proper compliances are followed. There are many cases in which the taxpayer has to pay a lot of interest or late fee. Now you can easily pay your GST return without visiting any department of office. Follow the guidelines mentioned below. 1. Log in to the dashboard of GST website. 2. Select the return option which you need to file. 3. Now enter your data. It will create a challan. Now verify the amount payable with your data. And now make the payment. 4. Finally enter the OTP received.

  2. Compose the data for GST return First of all you need to collect the data. You can maintain you accounting by using Tally, busy, and marg for data maintenance. You can also compose your data manually. Data for GSTR 3b GSTR 3b contains the summary of all the data. Net tax liability is calculated on the basis of all the data which you have entered. Combined sales and ITC on purchase is then entered. It also includes the ITC on RCM basis. After that the net tax liability is calculated which you need to pay. Effects of filing late GST return In case you are filing the GST return after the due date, you will face some consequences. GST department can send you a notice for late filing. It may be possible you need to pay the penalty. Other than that you might also have to pay late fees and interest. Late Fee You might have to pay Rs. 200 per day on Rs. 10000 as mentioned in the CGST Act. But it will be deducted to Rs. 50 in case of normal return. If you are using NIL return, then

  3. you need to pay Rs. 20 per day. Now you can easily file a NIL return by simply sending a SMS to the department. Interest An interest of 18% is also liable on the payment of late tax. Payment of tax is made with GST 3b, so the interest is liable on the late filing of GSTR 3b. KNTX is one of the best GST Consultant in Greater Kailash, GST Consultant in East Delhi, and GST Consultant in Geeta Colony which offers unmatched services. The company’s vision is to deliver solutions and support to its clients and build a trustworthy relationship for long term. Original Source = https://bit.ly/3lYqh0m

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