GST Filing Process Online in Bangalore
The GST filing process online in Bangalore is very convenient for the taxpayers as they can upload all the invoices on the portal and a 15 digit identification number will be given. The annual returns can also be filed through the portal. This will save a lot of time and effort for the business owners as well as they don't have to go to the tax office to file returns.
The GST filing process in Bangalore is a monthly process. The taxes need to be deducted from every payment made to the vendors. After the deduction of tax, the business owner needs to file a return with the details of the same. The process is very simple and there are no hidden costs involved. This will help the government in tracing out any suspicious transactions and curbing black money.
A casual taxable person is a person who supplies goods and/or services in a taxable territory without having any fixed place of business. He may be an individual, HUF, firm, LLP, company, Government Company, local authority, trust etc. He can also be a non-resident taxable person who occasionally supplies goods and/or services in a territory of India and doesn't have any fixed place of business. He can also be an input service distributor (ISD) who distributes credit of GST paid on goods and/or services to its branch with the same PAN.
In order to prevent fraud and unaccounted cash flow, the GST Council has approved a new mechanism to verify the eligibility of taxable persons under the composition scheme. This would be done by comparing the liability declared in GSTR-1 and GSTR-3B.
Tel:+917299972500
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