GST Return Filing

GST return filing is the process by which businesses registered under GST submit details of their sales and purchases of goods and services, along with the tax collected and paid, to the tax authorities on a monthly, quarterly, or annual basis. Introducing a comprehensive income tax system like GST in India has ensured that taxpayer services, including registration, returns, and compliance, are well-organized and properly aligned. Kanakkupillai offers 100% Online GST Return Filing services in India.

Individual taxpayers are required to file four forms for GST returns: returns for supplies returns for purchases, monthly returns, and annual returns. It is mandatory for all entities with a valid GST registration to file GST returns, regardless of their business activity, sales, or profitability. Even a dormant business with valid GST registration must file a GST return. A GST return is a document that contains details of all income or expenses that a regular taxpayer is required to file with the tax authorities.

To be eligible for GST Return Filing In India, a person must have a valid GSTIN and compulsorily file GST returns. Additionally, a person whose annual turnover crosses Rs. 20 lakhs must obtain GST registration and file GST returns mandatorily. For special states, the limit for annual turnover is Rs. 10 lakhs.

In India, GST return filing must be done electronically, such as on the GST portal. However, taxpayers can also file GST returns manually. Such returns are submitted offline and uploaded to the GSTIN portal by the taxpayer or a facilitation centre. With the new GST return filing system, GST-compliant sales and purchase invoices are expected. You can generate GST return-compliant invoices, a list of goods or services provided, along with the total amount due for payment.