The Step-by-Step Guide to GST Registration and Tax Return E-Filing

GST (Goods and Services Tax) is a comprehensive indirect tax levied on goods and services sold in India. It replaced multiple indirect taxes, including excise duty, service tax, VAT, etc. Businesses with a turnover of more than Rs. 20 lakhs (or Rs. 10 lakhs for North-Eastern and hill states) are required to register with GST. We will provide you with a step-by-step guide to simplifying the new GST registration online process and e-filing.

GST Registration: Step 1: Determine Your Eligibility

As mentioned earlier, businesses with a turnover of more than 20 lakhs are required to register for GST. However, there are some other cases where GST registration is mandatory, irrespective of the turnover. For instance, businesses involved in inter-state supplies, e-commerce sellers, and those registered under certain acts like the SEZ unit are also required to register for GST.

Gather the required documents in Step 2

The next step is to collect the required documents once you have determined your eligibility for GST registration. Before applying online for GST registration, make sure you have all the required documents, including your PAN, Aadhaar card, bank account details, and proof of business registration.

The 3 step is to apply online for GST registration

By clicking the 'Register Now' button on the GST portal, you will be redirected to a page where you will need to provide your basic information like name, PAN, and state of business. In order to complete the application form, you need to fill in the details, upload the required documents, and verify the OTP. After verifying the OTP, you need to complete the application form and submit it.

Track the status of your application in Step 4

GST registration applications can be tracked on the GST portal after they are submitted. You will receive an Application Reference Number (ARN) after submitting the application, which you can use to track the status.

E-filing of tax returns is the 5 step

GST registration requires businesses to file their tax returns online. E-filing of tax returns is a convenient and simple process that can be done through the GST portal. To access the Returns Dashboard, log in to the GST portal, and click on ‘Services’. After selecting the tax year and return type, fill out the details and submit the return. Before the due date, you can edit or modify the return.

In conclusion:

By following the steps mentioned in this guide, businesses can easily register for GST and file their tax return e filling online. In case of any queries or assistance, you can approach a reliable legal solution provider like Laudable Legal Solutions. They have a team of experienced professionals who can guide you through the process and ensure compliance with the relevant laws and regulations.