GST Filing Process Online in Bangalore

GST Filing Process Online in Bangalore



The GST filing process online in Bangalore is a simple and easy way to file tax returns. You just need to fill in a few basic details and your return is filed with the GSTN. The ARN (acquired reference number) is issued instantly. You can use the ARN to track your returns and get a refund if any.

CGST (Central Goods and Services Tax) and SGST (State Goods and Services Tax) are the two types of taxes levied on the supply of goods and services in India. CGST replaced various taxes like service tax, luxury tax, entry tax and state level VAT. The SGST replaces the state level sales tax, entertainment tax and entry tax. GST registration is mandatory for all entities selling goods and services in India. Besides, it is also compulsory for all e-commerce operators to register under GST.

Any taxable person whose turnover in the financial year exceeds Rs 20 lakh (Rs 10 lakh for North-eastern states and hill states) is required to register for GST. This includes individuals, HUFs, firms, LLPs, companies, government and local authority bodies, co-operative societies and trusts. However, casual taxpayers and non-resident taxable persons may obtain a special registration for a period of 90 days to collect GST.

GSTR-3B is a monthly return that needs to be filed by all registered taxable persons on every 20th of the following month. It contains all the details of outward supplies, inward supplies and tax credit received or paid. Similarly, GSTR-5A is the return to be filled by input service distributors. It consists of details of the goods and services for which credit has been taken and liabilities towards TDS and refund claimed, if any.

 


Tel:+917299972500

info@filingpoint.com

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