DEAR Chartered Accountants......
For example : There is a Jain hotels private LTD ...Giving services like
1.restaurant service
2.outdoor catering
3.marriage hall
4.accomadation in hotels/INN /Guest house / club or camp site service
what are the steps should follow in GST filing returns ?? please explain me....
As a registered taxpayer under the Goods and Services Tax (GST) regime, Jain hotels private LTD needs to follow the below steps for filing GST returns:
Step 1: Collecting and Maintaining Invoices
The first step is to collect and maintain all the invoices generated during the month. These invoices must contain the GSTIN of the supplier and recipient, invoice number, date, value of goods/services, and the applicable GST rate.
Step 2: Reconciliation of Input Tax Credit
The next step is to reconcile the input tax credit (ITC) claimed with the ITC available on the GST portal. Any discrepancies or missing invoices must be identified and corrected before filing the returns.
Step 3: Preparation of Returns
Based on the invoices and ITC available, Jain hotels private LTD needs to prepare the monthly/quarterly returns. The type of return will depend on the registration type and turnover of the business. In this case, Jain hotels private LTD needs to file GSTR-1, GSTR-3B, and GSTR-9.
Step 4: Verification of Returns
After the returns are prepared, they need to be verified using a digital signature or an electronic verification code.
Step 5: Filing of Returns
The final step is to file the returns on the GST portal by the due date. The due date for filing GSTR-1 is the 11th of the following month, GSTR-3B is the 20th of the following month.
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