GST Filing Process Online in Bangalore

GST Filing Process Online in Bangalore



Goods and Services Tax, or GST, was introduced by the Indian government on July 1, 2017. It is a comprehensive tax that consolidates multiple types of state-level taxes such as luxury tax, entertainment tax, and VAT into a single tax. The aim of the GST is to reduce the complexity of India's tax system and make it more consumer-friendly. It is also making it easier for companies to file GST returns online.

Anyone whose annual turnover exceeds 20 lakh rupees is required to register for GST, but there are some exceptions. For example, casual taxpayers and non-resident taxable persons can obtain registration on a temporary basis. They will be issued a 15-digit identification number and can upload all their invoices on the GST portal. They will be able to claim credit for all the taxes they've paid on purchases, and they'll also be able to collect tax from customers.

The process of filing GST returns online is quick and easy. It can be done from the comfort of your home, and you'll receive intimation if there are any errors with your return. In addition, the GSTN has made it easier to explain the differences between GSTR-1 and GSTR-3B returns by adding a feature that compares your declared liability with your actual payment of taxes.

This will help you avoid penalties and fines that are associated with late filing of returns. It will also save you time and money by avoiding the hassle of visiting a tax office.

 

Tel:+917299972500

info@filingpoint.com

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