GST Filing Process Online in Bangalore

GST Filing Process Online in Bangalore



The GST filing process online in Bangalore is a convenient and hassle-free way to file your income tax return. It eliminates the need for physical paperwork and is a great option for busy individuals. However, before filing your ITR online, it is important to know what to expect and prepare yourself for.

Overview: GST is one of the biggest economic reforms to date in India. It subsumes many indirect taxes including excise, service tax, and customs duty into a single unified tax. It also offers benefits to small businesses such as lower compliance and tax rates.

Businesses with a turnover of up to Rs 20 lakh can opt for the composition scheme which will lessen their taxation and compliance burdens. This is especially beneficial for start-ups who previously had to run from one pillar to another getting various registrations like VAT, excise and service tax.

Under the new GST regime, businesses with a turnover of Rs 40 lakh and above must register as ordinary taxable persons. Occasional or seasonal businesses can also register themselves under the composition scheme by making a deposit equal to their GST liability.

GSTR-9 is the annual tax return to be filed by all registered traders. It contains all the details of supplies of goods and services done by the business in a financial year. The return is to be filed by the 10th of every month after the collection of tax at source.

 

Tel:+917299972500

info@filingpoint.com

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