GST Registration in Tilak Nagar
Category:gst registration,GST PortalGST Registration Process and GST Return Filing in Tilak Nagar : Complete Knowledge
GST Registration in Tilak Nagar
GST, or Goods and Services Tax, is an indirect tax that has replaced many of the earlier indirect taxes in India. If you are a business owner in Tilak Nagar, Delhi, it is essential to understand the GST registration process and GST return filing to comply with the law. In this article, we will discuss the complete knowledge of GST registration process and GST return filing in Tilak Nagar.
Every business whose turnover exceeds Rs. 20 lakhs (Rs. 10 lakhs for some states) is required to register under GST. The registration process is simple and can be done online. Here are the steps to register for GST in Tilak Nagar:
Step 1: Visit the GST portal (https://www.gst.gov.in/) and click on the “Services” tab.
Step 2: Select “Registration” from the dropdown menu and then select “New Registration.”
Step 3: Fill in the required details such as name, address, PAN, email ID, and mobile number.
Step 4: Verify your mobile number and email ID by entering the OTP sent to them.
Step 5: Enter your business details such as the type of business, nature of the business, and bank account details.
Step 6: Upload the necessary documents such as PAN, Aadhaar, and bank details.
Step 7: Submit your application and wait for the approval.
Once your application is approved, you will receive your GSTIN (Goods and Services Tax Identification Number), which is a unique 15-digit number.
GST Return Filing in Tilak Nagar
After the GST registration, businesses need to file GST returns regularly. GST returns are filed online through the GST portal. The following are the different types of GST returns:
GSTR-1: This return contains details of outward supplies made during a particular period. It needs to be filed by the 11th of the succeeding month.
GSTR-2A: This return contains details of inward supplies made during a particular period. It is auto-populated and can be viewed by the recipient of the supplies.
GSTR-3B: This is a summary return that needs to be filed by the 20th of the succeeding month. It contains details of the outward and inward supplies made during the period, along with the tax liability.
To file GST returns in Tilak Nagar, follow these steps:
Step 1: Log in to the GST portal with your GSTIN and password.
Step 2: Select the type of return you want to file.
Step 3: Enter the necessary details such as sales and purchase details, tax liability, and input tax credit.
Step 4: Verify the details and submit the return.
Step 5: Pay the tax liability using the available modes of payment.
Conclusion
The GST registration process and GST return filing are crucial for businesses in Tilak Nagar to comply with the law and avoid penalties. The process is simple and can be done online. It is recommended to seek the help of a tax professional to ensure timely and accurate GST compliance. By following the above steps, businesses in Tilak Nagar can easily register for GST and file GST Returns.