A Step-by-Step Guide on GST Returns Filing Process

15 Jul 2023


As a business owner in a country that has implemented the Goods and Services Tax (GST) system, it is crucial to understand the process of filing GST returns. GST returns are periodic statements that summarize a taxpayer’s transactions and are filed with the tax authorities. In this blog, we will provide a comprehensive step-by-step guide to help you navigate through the online GST returns filing process seamlessly.

What is GST Return?

A GST return is a document that contains details of a taxpayer’s sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). It acts as a medium for businesses to report their GST liability to the tax authorities. By filing GST returns, businesses can ensure compliance with the GST law and maintain a transparent record of their financial activities.

Types of GST Return:

Return Type Description
GSTR-1 Details of outward supplies made by the taxpayer during a specific period.
GSTR-3B Monthly summary return reflecting both outward and inward supplies, along with tax liability calculations.
GSTR-9 Annual return consolidating all the monthly or quarterly returns filed during a financial year.
GSTR-4 Quarterly return for taxpayers registered under the Composition Scheme.
GSTR-6 Return filed by Input Service Distributors (ISD) to declare input tax credits received and distributed.
GSTR-7 Filed by persons responsible for deducting tax at source (TDS) under GST.
GSTR-9C Audit form for taxpayers with an annual turnover exceeding a certain threshold.

Steps of Online File GST Return:

Step 1: Log in to the GST Portal:
Access the official GST portal using your login credentials (username and password).

Step 2: Choose the Appropriate Return Form:
Select the relevant GST return form based on your business type and the period for which you are filing the return.

Step 3: Fill in the Required Details:
Enter accurate information in the appropriate sections of the return form, including details of outward supplies, inward supplies, tax liability calculations, and input tax credit.

Step 4: Validate and Preview the Return:
Validate the return to identify errors or discrepancies. Correct any errors and preview the return to ensure accuracy.

Step 5: Pay Tax, if Applicable:
If you have any tax liability after adjusting input tax credits, make the payment online through the GST portal using the available payment options.

Step 6: File the Return:
Submit the return electronically on the GST portal once all details are accurate and the tax, if applicable, is paid. Obtain an acknowledgment reference number.

Step 7: Reconciliation and Rectification (if required):
Regularly reconcile your financial records with the filed returns. If errors or omissions are identified, rectify them by filing an amendment return or making suitable corrections in subsequent returns.

Final Take:

Filing GST returns is a critical process that ensures compliance with the GST law and helps maintain transparent business records. By following the step-by-step guide outlined in this blog, you can streamline the online GST returns filing process and avoid complications. Stay updated with the latest GST regulations and seek professional advice whenever required to ensure accurate filing and timely compliance. Remember, a well-maintained GST filing process contributes to the growth and success of your business.

Contact Us
Contact Us

Ask Queries, learn about products and much more

Contact Us