GST Monthly Return Filing Regular Scheme (upto 700 Invoice) Excel Format
Under the GST regular return filing scheme, taxpayers with up to 700 invoices per month can use the GST Offline Tool in excel format for filing their monthly returns. Here's how to use the excel tool for GST monthly return filing under the regular scheme:
Download Offline Tool: The taxpayer must download the latest version of the GST Offline Tool for regular return filing from the GST portal.
Import Data: The taxpayer can import the data for GSTR-1, GSTR-3B, and other returns from their accounting or billing software into the GST Offline Tool. The tool also provides an option to manually enter the invoice details.
Validate Data: The taxpayer must validate the data entered in the tool to ensure accuracy and completeness.
Upload JSON File: The taxpayer must upload the generated JSON file for the relevant return on the GST portal. The due date for filing GSTR-1 is the 11th of the following month, and for GSTR-3B, it is the 20th/22nd of the following month, depending on the state.
It is important for taxpayers to ensure timely and accurate filing of their GST returns under the regular scheme to avoid any penalties or interest charges. Therefore, it is advisable to seek professional help if necessary to ensure compliance with GST regulations. Also, it is essential to keep accurate records of all transactions to ensure correct calculation of tax liability and filing of returns.