Goods and services Tax Return Filing in Kerala
A GST return filing in Kerala is a process and documents that contains information about a taxpayer's earnings that must be filed with the tax authorities. Tax officials use this to figure out the tax liability. GST-registered businesses must file GST returns on a monthly, quarterly, and annual basis, depending on the type of their business operations.
The specifications of the sales or purchases of goods and services, as well as the tax collected and paid, must be included here. In India, the deployment of a holistic income tax system like GST has assured that taxpayer services like registrations, returns, and conformity are all in line and completely linked.
Filing GST return in Kerala is compulsory for all organizations that have a valid GST registration, regardless of their business activity, sales, or profitability during the accounting periods. As a result, even an inactive business with a legitimate GST registration is required to file GST returns.
Individual taxpayers must file four forms of GST returns for supply, returns for products purchased, monthly returns, and yearly returns.
The list of documents required for filing GST return in Kerala are:
|1. B2B Invoices is a listing of all invoices issued to anyone who has a valid GSTIN. The GSTN must be used to upload these invoices. The document does not have to be included in the invoice when it is uploaded to GSTN. In the GSTN-accepted format, only the following information regarding a B2B invoice must be uploaded:|
|List of all invoices (B2C services)List of all invoices sent to non-GSTIN individuals (B2C invoices) with an invoice value greater than Rs.2.5 lakhs. The GSTN must receive details of all B2C invoices having a value of more than Rs.2.5 lakh. The B2C large invoice information listed below must be uploaded to the GSTIN.|
|Consolidated intra-state and inter-state sales.|
|All export bills must be submitted with the GSTN. For all export invoices issued, the following information must be included in the GSTR1 report.|
|HSN wise summary details of all goods sold|
|Summary of documents issued during the tax period i.e., credit note, debit note, amendments, and advance receipts|
The following type of taxpayers are exempted from filing GSTR-1
No, having a DSC is not mandatory for all taxpayers. However, It is required for all public and private limited liability businesses, as well as Limited Liability Partnerships (LLPs).
For filing GSTR-1 in Kerala, the following are the prerequisites
No, every registered individual who pays tax as a regular taxpayer is required to file an Annual Return. Only those registered persons who have asked for cancellation of registration need to file a Final Return. The final return must be filed within three months after the date of cancellation or the date of cancellation order.