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Stage

Series B - II | Alive

Total Raised

$16M

Last Raised

$4M | 21 yrs ago

About Returns Online

Returns Online is a Internet/Internet Software & Services company based in Mercer Island, Washington. Returns Online's investors include OVP Venture Partners and RRE Ventures.

Returns Online Headquarter Location

7525 SE 24th Street Suite 650

Mercer Island, Washington, 98040,

United States

206-230-8000

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Latest Returns Online News

How to File India GST Returns Online!

Jun 10, 2022

Views: 1 As a newly registered business , you need to acquaint yourself with several new terms and concepts. As compared to every other term around, GST is arguably the most important one to take note of, not just due to payable nature but due to the fact that GST returns must be filed religiously for the authorities to determine your tax liabilities and the final sum that is to be paid. Before enlisting the steps, it is appropriate to shed some more light on GST return, as a concept. Primarily a document, the GST return is to be filled or rather filed by every taxpayer having a GSTIN number. If a business is eligible to levy tax on its services and products, it needs to file GST returns to declare the same to the government. Also, if you are new to this space, it is important to note that GST returns need to be filed each month, quarter, or year, depending on the nature of the business. How to File GST Returns, Online? GST returns can be filed either online or offline. However, we shall now talk about the steps relevant to the online, portal-based filing process to make life simpler for you. Step 1: Head over to the official portal i.e., www.gst.gov.in Step 2: Once there, fill in the state code, along with the PAN card number Step 3: Next, you will get a 15-digit number assigned to you, which needs to be kept safely for future reference Step 4: If you have multiple invoices with you, upload each one and subsequently get a reference number to show, in case of a discrepancy Step 5: Once the docs are uploaded, file the inward, outward, and cumulative returns, calculated monthly. In case you make an error, you can rectify the same any time before submission Step 6: If your business has sent over or offered service or product, file returns for outward supply as per the GSTR 1, before the 10th of each month Step 7: Next, if you, as a business, have made purchases, you need to file the inward supplies return as per GSTR 2. Step 8: GSTR 2 is further segregated into GSTR-2A that focuses on dynamic entries and GSTR-2B that concerns static purchases and immutable entries. Step 9: Also, GSTR-2A lets you in on the outward returns furnished, at the supplier’s end. Step 10: Once filed, you need to verify and validate the returns for outward supply by clearly mentioning the debit and credit notes Step 11: Also, GSTR-1 and GSTR-2 are interconnected and can be rejected or accepted by the supplier or you, as the business owner respectively, depending on the authenticity of the statements. Once all these steps are followed to the T and you can even download the GST returns document from the portal by simply heading over to the Service and then the Returns section. Once there, head over to the month or rather the return timeframe, select ‘Prepare Offline’, and then click on ‘generate file’ to get the same as a Zip file. You can use the downloaded document to file the GSTR-1 and GSTR-2 return forms, offline. Wrapping Up GST Return filing   is important for the government to ascertain your tax-paying liabilities, as a business consortium. Also, once filed, you need to keep checking the status of the return to keep a tab on the pending payments or discrepancies if any. GST Returns article and permission to publish here provided by Aditya Roy Kapur. Originally written for Supply Chain Game Changer and published on February 22, 2022. Coinsmart. Europe’s Best Bitcoin and Crypto Exchange. Click Here Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here. Source: https://supplychaingamechanger.com/how-to-file-india-gst-returns-online/ Related articles

  • Where is Returns Online's headquarters?

    Returns Online's headquarters is located at 7525 SE 24th Street, Mercer Island.

  • What is Returns Online's latest funding round?

    Returns Online's latest funding round is Series B - II.

  • How much did Returns Online raise?

    Returns Online raised a total of $16M.

  • Who are the investors of Returns Online?

    Investors of Returns Online include RRE Ventures and OVP Venture Partners.

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