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If you are a GST registered business, you must file GST returns as per the government’s deadlines. GST-compliant purchase and sales invoices are necessary to file a GST return. The information on purchase, sale, output GST (on sale), and the input tax credit is included in the GST return (GST paid on purchases). Every normal person who is GST registered is required to complete three monthly returns and one annual return. GST Return Filing Consultants in Kolkata West Bengal, GST consultant.

 

The GSTR returns that must be filed for any ordinary business are:

Procedure for Filing GST Returns in Kolkata GSTR-1: Monthly return detailing outbound supplies of taxable goods and/or services.

GSTR-2: Information about inbound taxable items and/or services for which an input tax credit was claimed. Return on investment per month

GST Filing Tax Returns in Kolkata GSTR-3: Monthly return based on the finalization of details of outgoing and inward shipments, as well as the payment of tax. Return on investment per month

GSTR-9: Annual Return. Annual

GSTR-3B: Return for the months of July 2017 to March 2018 (provisional). Return on investment per month.

 

What is the procedure for filing a GST return online in Kolkata?

The Following Are the Steps for Filing a GST Return Online in Kolkata:

By the 11th day of the month following the month, the taxpayer will submit the final GSTR-1 return either directly by data entry in the GST Common Portal or by uploading the file containing the stated GSTR-1 return using the software or apps provided by GSTN.

The taxpayer’s provisional GSTR-2 will be automatically generated.

The purchasing taxpayer will have the choice of accepting, rejecting, or changing the provisional GSTR-2.

Additional purchase invoice information that was not provided by the supplier as described in Steps 1&2 might be added by the purchasing taxpayer to his GSTR-2.

Taxpayers will also have the option of reconciling inward supplies with suppliers for any missing supply invoices in the GSTR-1 of the suppliers throughout the next 7 days.

GSTR-1 and GSTR-2 returns will be completed by taxpayers.

Following the completion of activities, taxpayers will pay the amount displayed in the draught GSTR-3 return created automatically via the web portal.

The taxpayer will debit both the ITC and the cash ledger, then include the debit entry number in the GSTR-3 form and submit it. GST Return Filing Consultants in Kolkata West Bengal, GST consultant.

FAQ

Who is required to file a GST Return online?

Under the GST Act, a registered dealer must file a GST return online in Kolkata regardless of company activity, sales, or profitability during the return filing period.

What is the GST payment return deadline in Kolkata?

GST payment due date in Kolkata for a conventional taxpayer is the 20th day of the following month, and for a taxpayer enrolled under the composition scheme is the 18th day of the following quarter.

Is it possible to pay GST in Kolkata after filing a GST return form?

We must pay GST before filing a GST return in Kolkata by the GST return deadline for that time, or the GST return would be invalid.

What is the frequency with which the GST Return form must be filed in Kolkata?

Based on the severity of the transaction and the number of taxpayers registered, different periods have been established. Regular taxpayers, non-resident aliens, input service distributors, tax deductors, and e-commerce operators must file a monthly return, while composition taxpayers must file a quarterly return. Aside from that, an annual return is required to be submitted.

What happens if the GST Return form isn’t submitted before the GST return deadline?

If the GST return form in Kolkata is not submitted by the due date, the taxpayer will be charged a late fee of Rs. 100 each day, up to a maximum of Rs. 5,000. GST Return Filing Consultants in Kolkata West Bengal, GST consultant.