GST RETURN FILING

About GST- Goods and Services Tax (GST) is an indirect tax that was rolled out on July 1, 2017. It is levied on the supply of goods and services across the country. It has brought about a uniformity in the indirect tax structure by replacing all the indirect taxes that existed in the pre-GST regime such as VAT, service tax, Excise duty, etc. Simply put, GST has incorporated the concept of "One nation One Tax."
About GST Return- A GST Return is a document containing details of income that is required to be filed as per the law with the tax authorities. Under the GST law, a taxpayer has to submit two returns on a monthly basis and one such return annually. All returns have to be filed online. Please note that there is no provision for revising the returns. All invoices for the previous tax period that went unreported must be included in the current month.
Under GST, a registered dealer has to file GST returns that include: Purchases, Sales, Output, GST (On sales) and Input tax credit (GST paid on purchases).

Advantages of GST Registration:-

1. Legally recognized as a supplier of goods or services.
2. Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on the supply of goods or services or both by the business.
3. Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.

Case in which GST Registration is compulsory:-

1. persons making any inter-State taxable supply;
2. casual taxable persons;
3. persons who are required to pay tax under reverse charge;
4. non-resident taxable persons;
5. persons who are required to deduct tax under section 37;
6. persons who supply goods and/or services on behalf of other registered taxable persons
7. whether as an agent or otherwise;
8. input service distributor;

9. persons who supply goods and/or services other than branded services, through electronic commerce operator;
10. every electronic commerce operator;
11. an aggregator who supplies services under his brand name or his trade name; and
12. such other person or class of persons as may be notified by the Central Government or a State Government on the recommendations of the Council.

Types of GST Registration:-

1. Normal Taxpayer- Most businesses in India fall under this category. You need not provide any deposit to become a normal taxpayer. There is also no expiry date for taxpayers who fall under this category.
2. Casual Taxable Person- Individuals who wish to set up a seasonal shop or stall can opt for this category. You must deposit an advance amount that is equal to the expected GST liability during the time the stall or seasonal shop is operational. The duration of the GST Registration under this category is 3 months and it can be extended or renewed.
3. Composition Taxpayer- Taxpayers with a turnover of less than Rs.1.5 crore can opt for composition scheme to get rid of tedious GST formalities and pay GST at a fixed rate of turnover. Input tax credit cannot be obtained under this category.
4. Non-Resident Taxable Person- If you live outside India, but supply goods to individuals who stay in India, opt for this type of GST Registration. Similar to the Casual Taxable Person type, you must pay a deposit equal to the expected GST liability during the time the GST registration is active. The duration for this type of GST registration is usually 3 months, but it can be extended or renewed at the type of expiry.
5. Non-Resident Online Service Provider
6. Special Economic Zone Developer
7. GST TDS Deductor – Government Entities
8. UN Embassy/ Body/ other notified individuals
9. Special Economic Zone Unit
10. GST TDS Collector – E-commerce Companies

Eligibility for GST Registration:-

Region	Aggregate Turnover
	Liability to Register	Liability for Payment of Tax
North East India	Rs 9 Lakhs	Rs 10 Lakhs
Rest of India	Rs 19 Lakhs	Rs 20 Lakhs

Procedure for GST Registration:-

1. Visit the GST portal
2. Click on the ‘Register Now’ link which can be found under the ‘Taxpayers’ tab
3. Select ‘New Registration’.
4. Fill the below-mentioned details:
5. Under the ‘I am a’ drop-down menu, select ‘Taxpayer’.
6. Select the respective state and district.
7. Enter the name of the business.
8. Enter the PAN of the business.
9. Enter the email ID and mobile number in the respective boxes. The entered email ID and mobile number must be active as OTPs will be sent to them.
10. Enter the image that is shown on the screen and click on ‘Proceed’.
11. On the next page, enter the OTP that was sent to the email ID and mobile number in the respective boxes.
12. Once the details have been entered, click on ‘Proceed’.
13. You will be shown the Temporary Reference Number (TRN) on the screen. Make a note of the TRN.
14. Visit the GST portal again and click on ‘Register’ under the ‘Taxpayers’ menu.
15. Select ‘Temporary Reference Number (TRN)’.

16. Enter the TRN and the captcha details.
17. Click on ‘Proceed’.
18. You will receive an OTP on your email ID and registered mobile number. Enter the OTP on the next page and click on ‘Proceed’.
19. The status of your application will be available on the next page. On the right side, there will be an Edit icon, click on it.
20. There will be 10 sections on the next page. All the relevant details must be filled, and the necessary documents must be submitted.
21. Visit the ‘Verification’ page and check the declaration, Then submit the application by using one of the below mentioned methods:
22. By Electronic Verification Code (EVC). The code will be sent to the registered mobile number.
23. By e-Sign method. An OTP will be sent to the mobile number linked to the Aadhaar card.
24. In case companies are registering, the application must be submitted by using the Digital Signature Certificate (DSC).
25. Once completed, a success message will be shown on the screen. The Application Reference Number (ARN) will be sent to the registered mobile number and email ID.
26. You can check the status of the ARN on the GST portal.
27. Department will isuue a Goods and Service Tax Identification Number (GSTIN).

Documents required for GST Registration:-

1. PAN card of business and applicant
2. Personal Phone Number and E-mail Id
3. Proof of business registration or incorporation certificate
4. Identity and Address proof of Promoters/Director with photographs and address proof of persons in charge
5. The business' address proof
6. Bank account statements/cancelled cheque
7. Aadhaar card if applicable
8. Digital Signature
9. Letter of Authorization/Board Resolution for Authorized Signature
10. List of Goods and Services