GST UPDATES: -  
RETURNS UNDER GST: - 


        The basic features of the returns mechanism in GST include electronic filing of   returns, uploading of invoice level information and auto-population of information relating
to Input Tax Credit (ITC) from returns of supplier to that of recipient, invoice-level information matching and auto- reversal of Input Tax Credit in case of mismatch. The returns mechanism is designed to assist the taxpayer to file returns
and avail ITC.
          Under GST, a regular taxpayer needs to furnish monthly returns and one annual return. There are separate returns for a taxpayer registered under the composition scheme, non-resident taxpayer, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS) and a person granted Unique Identification Number. It is important to note that a taxpayer is NOT required to file all
types of returns. In fact, taxpayers are required to file returns depending on the activities they undertake. 
All the returns are to be filed online. Returns can be filed using any of the following methods:
           1. GSTN portal (www.gst.gov.in ) 
2. Offline utilities provided by GSTN
        3.GST Suvidha Providers (GSPs) - If you are already using the services of ERP      providers such as Tally, SAP, Oracle etc.,there is a high likelihood that these ERP providers would provide inbuilt solutions in the existing ERP systems



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