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 every month.  

GSTR 3 – It’s a consolidated return that must be filed by the 20th of every month. It consolidates the following – Outward and Inward supplies, ITC availed, tax payable, and Tax paid (using cash and ITC).

In case, you wish to file an Annual Return, you can file it by December 31, of the next FY simply by collating details of expense and income for the entire financial year. While your GSTR -2 is auto-populated from supplier’s GSTR – 1s, the GSTR – 3 is populated from your GSTR – 1 and GSTR – 2 only.  5 star hotel management software

Filing GSTR 3B Using Giddh

To file GSTR – 3B using Giddh, you need to follow these steps:

Click the Authenticate button (top right corner of the window), or “File your Return” button in the Filing section.

An entry form opens on the screen. Fill it up according to the following details:

Select Platform: Choose your preferred platform

Username: Enter your registered user id which you earlier created on the GST portal (https://reg.gst.gov.in/registration/).

GSTIN: Your registered GST identification number

Get OTP: Click it to receive a one-time password on your registered mobile number

Enter the OTP in the pop-up window that opens

Click on the “File your Return” button to submit your GSTR -3B

The GSTR – 3B report is auto-uploaded into your GST online account

Review the information and submit the return if all looks good  sweet shop billing software

You can also view the entire summary of GSTR -3B, GSTR – 1, or of GSTR – 2 by clicking on the “View Summary’ button next to the summary label for each of the three return types. Simply pick a defined date range on a monthly basis or define it on a custom mode and view the transaction details.