We have online procedures for everything. The most used phrase is, “can I log in to your Netflix?” Or, “have you been using your friend’s Amazon Prime?” Gone are the days when we used to think of ‘accounts’ as bank accounts only – today – this very word has a broader meaning. It is more like the word will always have a pun on it. Is it the same today? Definitely not. We have accounts everywhere, beginning from online banking accounts, shopping, and all the way to essential accounts such as bills, hospitals, and much more. Just like all of these websites and online tools, there is one more thing you can utilize online – the GST portal. You mostly know what GST is – let us understand more about the official GST portal.
What is the Official GST Portal?
The GST Portal is a platform or user space where taxpayers can undertake a variety of tax-related tasks. The Goods and Services Tax Network (GSTN) is the backbone of the GST Portal, serving as a conduit for communication between taxpayers and the government.
From registration to return filing, the complete GST process is done online. All of this is done with the assistance of GSTN’s IT framework within the larger space known as GST Portal India. The GST Portal login domain is www.gst.gov.in.
Also, you do not have to think, ‘How to login to GST portal?’ Registering on this portal is as easy as you would go into any other account online. Here is how.
Registration on the Portal
The Process is quite simple, and all you have to do is follow the steps mentioned below:
- Visit the GST Common Portal India at www.gst.gov.in.
- Select Registration – then New Registration from the Services tile.
- In the GST Registration process, fill out all of the details and submit all of the papers.
- At the conclusion of the GST Registration process, an ARN number will be assigned. The applicant must use this number to access the GST portal.
At this stage, the applicant can only read or follow the status of his application, or he can only view the Application form he filled out, and he cannot utilize the other services on the GST Portal.
Several improvements and updates have been made to the GST portal in the recent six months. All new updates are given out on a regular basis to help and assist taxpayers in filing their GST returns smoothly and successfully. Updating on a regular basis ensures that compliance is maintained. The taxpayers are required to stay up to date in order to keep up with the compliance, which eliminates the need for notices to be delivered to the taxpayers.
Apart from all of this, there are two main features of the Portal, and we can talk about them next.
Features of the GST Portal
The GST portal has major features that help you, and they are:
- The Ledger
- The taxpayer will be able to access the ledger for 12 months instead of 6 months under this new feature added to the GST system. Furthermore, taxpayers can now obtain the ledgers for the previous 12 months in pdf and Excel formats.
- Temporary ID holders and unregistered applicants can now use the GST PMT-09 Form to move the amount available in the cash ledger between major or minor heads.
- Taxpayers registered under the composition scheme can now view the negative liability statement on the GST Portal. Furthermore, the negative balance shown in the negative liability statement will be automatically adjusted against the tax liabilities of the following tax month (s).
- GST Returns
The QRMP Scheme has provided taxpayers with an optional IFF to provide subtleties of their B2B invoices and corrections there are, for the first two months of a quarter. The following changes can be made to IFF:
Taxpayers would now be able to transfer records saved in their IFF for the first month of a quarter to the IFF for the second month of the quarter.
- Taxpayers can also transfer their IFF records from the first and second months of the quarter to their quarterly GSTR-1 (of a similar quarter).
- If an incidence of saved records occurs while preparing IFF/GSTR-1 (of later long stretches of the same quarter) on the web, taxpayers will receive a pop-up message asking them to either transfer the records by selecting YES or erase them by selecting NO.
- It should be noted that records in the submitted (or documented) stage cannot be pushed above usefulness.
- Furthermore, the taxpayer’s GSTR-3B (Quarterly) under the QRMP scheme will be auto-populated based on the file IFF and GSTR-1 of that particular Quarter.
Apart from these, there are several other features of the portal that you might want to find out more about.
Why would you travel and spend so much time doing things in person while you can do most of them online – the GST portal is proof for one of that. There are so many more things you can get done online through the GST portal.