GST Return Filing is important to every business that is registered under the GST Act. GST Return Filing is a document that contains the details of sales, purchases, tax collected on sales, and paid tax on purchases to be submitted to Income Tax Department. All the registered businesses have to file the monthly, quarterly or annual GST returns based on the nature of the business.
Steps to file the GST return online are as follows:
• Go to GST portal – www.gst.gov.in
• Obtain a 15-digit GSTIN (GST identification number) which will be issued based on your state code and PAN
• Upload the relevant invoices on the software or the GST portal. An invoice reference no. against each invoice will be allotted to you.
• Once all the invoices, inward, outward return and cumulative monthly return are uploaded, check all the errors and file the returns.