Easy Ways of GST Filing

1 July 2023

goods and services tax entrepreneurship technology

#gst#tax#compliance#filing#business#technology#software#digital

Introduction: Simplifying GST Filing

The Goods and Services Tax (GST) introduced in 2017 in India, is a comprehensive indirect tax reform that replaced several previous taxes like excise duty, service tax, and VAT. GST relies on self-assessment, placing the responsibility for accurate filing and timely payments in the hands of businesses.

Filing GST returns can seem overwhelming for many entrepreneurs, but there are various simple and efficient methods to ensure compliance and avoid penalties. In this guide, we’ll explore some easy ways to file your GST returns and stay on top of your obligations.

Easy Ways of GST Filing

Here are the four main methods businesses can choose from when filing their GST returns:

1. Online Filing

The most popular and convenient way to file GST returns is through the official GST portal. This method offers businesses the flexibility to file returns at their convenience, from anywhere. The online portal also makes it easy to track the status of filed returns, access prior submissions, and make payments.

2. Bulk Filing

For businesses dealing with high volumes of transactions, bulk filing is an efficient solution. The GST portal allows businesses to submit multiple returns at once, minimizing the time and effort required for individual submissions. This is especially useful for larger businesses with frequent or complex transactions.

3. Manual Filing at GST Suvidha Kendra (SSK)

For businesses that either do not have access to the internet or prefer an offline filing method, manual filing at a GST Suvidha Kendra (SSK) is a viable alternative. SSKs are authorized centers where businesses can file returns manually with assistance from trained staff.

4. Filing Through Dhanaay

For those looking for a hassle-free option, Dhanaay offers a simplified GST filing service. All you need to do is share your details, and the team at Dhanaay will handle the filing process for you. This service can be especially useful for busy entrepreneurs who want to ensure compliance without the time commitment.

Practical Examples

Let’s look at a few practical examples to better understand which method might be ideal for different types of businesses:

Small Business with Few Transactions: If you are a small business with minimal monthly transactions, online filing through the GST portal is a straightforward and quick option. It allows for fast submission and easy tracking of your returns.
Large Business with Multiple Transactions: For larger enterprises dealing with hundreds or thousands of transactions every month, bulk filing would be more efficient. By uploading all your returns in bulk, you can save considerable time and avoid the error-prone process of filing individual returns.
Businesses with Limited Internet Access: If internet connectivity is an issue, or if you simply prefer offline filing, manual filing at a GST Suvidha Kendra (SSK) offers a simple and convenient alternative, allowing businesses to submit returns without relying on the online portal.

Conclusion: Choosing the Best Filing Method

GST filing is crucial for businesses to remain compliant and avoid penalties. Luckily, there are several easy methods to choose from. Whether you’re a small business with minimal transactions or a large enterprise dealing with bulk data, there is a filing method that suits your needs. By filing accurately and on time, you can ensure that your business stays compliant with GST laws.

Additional Tips for Easy GST Filing

Stay Organized: Keeping your records well-organized ensures that you can file your returns on time and with accuracy. Proper documentation reduces the chances of errors and helps streamline the filing process.
Use Reliable GST Filing Software: Opt for reliable and efficient GST filing software. Many options are available that can automate much of the process, minimizing errors and speeding up submissions.
Seek Assistance When Needed: The GST portal has a help section, and the GST helpline is available for those needing assistance. If you prefer a hassle-free filing process, Dhanaay’s expert team can handle everything for you.

By following these tips and choosing the filing method that works best for you, filing GST returns will become a seamless and less stressful task for your business.