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How do I calculate and file my GST returns?

Goods and Services Tax (GST) is a tax levied on the supply of goods and services in India. If you are a registered GST taxpayer, you are required to file GST returns periodically. GST returns are used to declare your tax liability and to claim input tax credit for the tax paid on your purchases. In this article, we will discuss how to calculate and file your GST returns.

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Calculating your GST liability:

The first step in filing your GST returns is to calculate your GST liability. To calculate your GST liability, you need to:

  1. Determine your taxable turnover - This is the value of all the goods and services supplied by you that are liable to GST.

  2. Determine your tax liability - The GST liability is the tax amount that you need to pay to the government after deducting the input tax credit (ITC) available on your purchases.

  3. Pay your GST liability - Once you have calculated your GST liability, you need to pay the amount to the government within the due date.

Filing your GST returns:

The next step is to file your GST returns. GST returns can be filed online on the GST portal. Here's how to file your GST returns:

  1. Login to the GST portal - Visit the GST portal at https://www.gst.gov.in/ and login with your GSTIN and password.

  2. Go to the "Returns" section - Click on the "Returns" tab and select the type of return that you want to file.

  3. Fill out the return form - You need to fill out the return form with the details of your sales, purchases, and tax payments.

  4. Verify the details - Before submitting the return, verify all the details to ensure that they are accurate.

  5. Submit the return - Once you have verified the details, submit the return on the GST portal.

  6. Make the payment - After submitting the return, you need to make the payment of your GST liability using the online payment options available on the GST portal.

It is important to file your GST returns within the due date to avoid penalties and interest. The due dates for filing GST returns vary depending on the type of taxpayer and the turnover. You can check the due dates for filing GST returns on the GST portal.


In conclusion, calculating and filing your GST returns is an important compliance requirement for GST taxpayers. By following the steps outlined above, you can calculate your GST liability and file your GST returns on the GST portal. Make sure to file your GST returns within the due date to avoid penalties and interest.

 

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