How to file GST through software?
Filing out GST returns can be a complicated process if you fail to understand the nuances of it. So, in this segment, we discuss how you can file your GST using a billing software like Giddh. But before that, remember, as per the guidelines of GST, a taxpayer needs to furnish monthly returns and one annual return. The taxpayer needn’t file all types of return but must file returns based on the activities they undertake. If you’re a regular taxpayer, you need to file these three returns: GSTR 1 (Statement of Outward Supplies) – It signifies the tax liability of the supplier for the supplies which got affected in the last month and must be filed out by the 10th of every month. Example: For an outward supply made in July, the tax will be filed by the 10th of August. GSTR 2 (Statement of Inward Supplies) – It signifies accrual of Input Tax Credit and is auto-populated from the GSTR – 1s filed by the corresponding supplier of the taxpayer. You can file this return by the 15th of e