Q: How to file GST return using GimBooks?

Select GST in 2nd tab for bottom navigation 1-Login with GSTN Username and Password 2- Enter OTP for verification 3. Your GimBooks data is syncing, it may take 2-3min based on you data. 4- Select which type of GST you want to file (GSTR 1 or GSTR 3B) 5- Check all the data is correct or not in Table 3.1, Table 3.2 and Table 4 and then press "Start Filing" button 6- Now Press the "Create Challan" button below 7-Select payment method and Pay

Question 1

What is GST return filing?

Accepted Answer

GST return filing is the process of submitting details of your business's sales and purchases made during a particular period to the Goods and Services Tax (GST) authorities.
Under the GST system, registered businesses need to file their GST returns online on a monthly, quarterly or annual basis, depending on their turnover and the nature of their business. The returns need to be filed online through the GST portal, which is a digital platform created by the government of India to facilitate the implementation of the GST regime.
The GST return filing process involves providing details of taxable supplies, tax collected, input tax credit claimed, and tax paid during the return period. GST returns are critical for businesses as they allow the government to reconcile the taxes paid with the taxes collected and to detect any discrepancies or tax evasion.

Question 2

How to file GST return using GimBooks?

Accepted Answer

Select GST in 2nd tab for bottom navigation
1- Login with GSTN Username and Password
2- Enter OTP for verification
3- Your GimBooks data is syncing, It may take 2-3min based on you data.
4- Select which type of GST you want to file ( GSTR 1 or GSTR 3B )
5- Check all the data is correct or not in Table 3.1, Table 3.2 and Table 4 and then press “Start Filing” button
6- Now Press the “Create Challan” button below
7- Select payment method and Pay.
8-Swipe to File GSTR.
9- Congratulation you have successfully filed your GST Return

Question 3

Who should file GST return?

Accepted Answer

GST Return filing in India
GST returns are required for anyone who has a valid GSTIN.
GST registration and filing of GST returns are mandatory for businesses with an annual turnover greater than Rs 20 lakh.
In the cases of Special states, the limit for the annual turnover is Rs.10 lakh for GST Return Filing.

Question 4

What are the different types of GST registration in India?

Accepted Answer

In India, there are several types of GST returns that need to be filed by taxpayers based on their business activities and turnover. The following are the major GST returns that need to be filed:
1. GSTR-1: This return is for outward supplies or sales made by the taxpayer. It needs to be filed on a monthly or quarterly basis, depending on the turnover of the taxpayer.
2, GSTR-3B: This return is a summary of the monthly sales and purchases made by the taxpayer. It needs to be filed monthly by all registered taxpayers, except those who are under the composition scheme.
3. GSTR-4: This return is for taxpayers who are registered under the composition scheme. It needs to be filed on a quarterly basis.
4. GSTR-5: This return is for non-resident taxpayers who are registered under GST and need to declare their inward and outward supplies in India. It needs to be filed monthly.
5. GSTR-6: This return is for input service distributors who distribute input tax credit to their branches or units. It needs to be filed on a monthly basis.
6. GSTR-7: This return is for taxpayers who need to deduct TDS (Tax Deducted at Source) under GST. It needs to be filed on a monthly basis.
7. GSTR-9: This return is an annual return that needs to be filed by all registered taxpayers. It includes details of all sales, purchases, input tax credit, and output tax liability for the financial year.
8. GSTR-10: This return needs to be filed by taxpayers who have cancelled their GST registration. It needs to be filed within three months of the date of cancellation.
It's important to note that the GST return filing requirements and deadlines may change from time to time, so it's recommended that taxpayers stay updated with the latest notifications and announcements from the government.

Question 5

What is the penalty for late filing GST return?

Accepted Answer

The penalty for late filing of GST return depends on the number of days of delay and the turnover of the taxpayer. The penalty is levied as follows:
1. Late fee for GSTR-1, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8: Rs. 50 per day of delay (Rs. 25 per day for taxpayers with nil tax liability) up to a maximum of Rs. 5,000.
2. Late fee for GSTR-3B: Rs. 20 per day of delay (Rs. 10 per day for taxpayers with nil tax liability) for taxpayers with an annual turnover of up to Rs. 5 crores, and Rs. 50 per day of delay (Rs. 25 per day for taxpayers with nil tax liability) for taxpayers with an annual turnover of more than Rs. 5 crores.
3. Late fee for GSTR-4: Rs. 50 per day of delay (Rs. 25 per day for taxpayers with nil tax liability) up to a maximum of Rs. 5,000.
4. Late fee for GSTR-9 and GSTR-9C: Rs. 200 per day of delay (subject to a maximum of 0.25% of the taxpayer's turnover in the relevant financial year).
Those who file GST returns after the due date are subject to a late fee. A late fee, as well as interest, may be applied to unpaid tax liabilities after the due date. To avoid penalties and interest charges, taxpayers should file their GST returns on time.

Question 6

What is the penalty for not filing GST return?

Accepted Answer

A penalty is imposed if a taxpayer fails to file a GST return by the due date. The penalty for not filing a GST return is as follows:
1. For GSTR-1, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8: A penalty of Rs. 200 per day of delay (Rs. 100 per day for taxpayers with nil tax liability) up to a maximum of Rs. 5,000.
2. For GSTR-3B: A late fee of Rs. 20 per day of delay (Rs. 10 per day for taxpayers with nil tax liability) up to a maximum of Rs. 10,000.
3. For GSTR-4: A penalty of Rs. 200 per day of delay (Rs. 100 per day for taxpayers with nil tax liability) up to a maximum of Rs. 5,000.
4. For GSTR-9 and GSTR-9C: A late fee of Rs. 200 per day of delay (subject to a maximum of 0.25% of the taxpayer's turnover in the relevant financial year).
Additionally, the taxpayer may also be required to pay interest on the unpaid tax liability after the due date in addition to the penalties mentioned above. GST returns must be filed on time to avoid penalties and interest charges.

Question 7

Accepted Answer

Easy & Fast GST Return Filing using GimBooks

Save 100% Input Tax Credit

File GSTR-3B in 3 Click

Start Filing

Create Challan

Pay & File GSTR-3B

Smart Reconciliations

Get GST 2A/2B Report

File GSTR-1 & GSTR-3B

Pay using UPI

How to File GST Return with GimBooks

Start Filing GST Return with GimBooks

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