The GST return filing process is a major part of compliance under the GST Act, high level knowledge is required for GST filing for proper utilization of input tax credit, proper processing of sales returns, purchase returns, monthly input tax reconciliation, etc. GST filing is not just a procedural aspect, it is the submission of financial data regarding sales and purchases considering various GST rules and regulations.
How to file GST monthly returns?
GST monthly return is filed in form GSTR1 for declaring sales data invoice wise, and GSTR 3B is used for declaring summary of sales autopopulated for GSTR-1 data and input tax data autopopulated from GSTR-2B derived from supplier’s GSTR-1. There will be separate sections to add data of credit notes, debit notes, amendment of invoices etc. GSTR 3B can be filed only after filing GSTR-1, and GSTR 1 can be filed only after filing GSTR3B of previous month. Once all data are prepared, taxpayer need to log on to gst.gov.in for return filing.
Details required for GST filing
- Invoice wise details.
- Details of the credit note.
- Invoice details for amendment of invoices.
- Details of purchases from registered and unregistered dealers.
- Documents issued.
- GST login credentials