GST returns are required to be filed every month, once GSTR-1 is filed to report Sales, the individual must file GSTR-3B to report the ITC and make the GST Payment. In case, a refund is required to be claimed, it can be done by filling the relevant refund related forms.
Under the GST, the following taxes are to be paid:
All the GST registered businesses and dealers are required to make GST payments –
Usually, the Input Tax Credit should be reduced from Outward Tax Liability to calculate the Net GST Liability. GST Aid Online’s Net GST Liability service will help user to know total GST to be paid by netting off input credit (allowable as per GST Law) on daily basis. The user will just have to login to our portal with their GSTIN No. and Password using the provided “Click here” below.
Also, the ITC cannot be claimed on interest and late fees. Both Interest and late fees are required to be paid in cash only.