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Consider the case of garment production, where the GST rate is 10%. The firm purchases raw materials costing INR 500, which includes INR 50 in GST (10 percent of 500). During the production process, he then adds his own value of INR 50 to the materials. This brings the gross value of the product to INR 550.

  • Go to the GST website (
  • Based on your state code and PAN number, a 15-digit GST identity number will be given.
  • I am using the GST site or program, upload invoices. Each invoice will be assigned an invoice reference number.

A person with a previous year's turnover of up to Rs. 5 crore can file a quarterly return. He can, however, choose to file on a monthly basis. If he chooses to file on a quarterly basis, both GSTR-1 and GSTR-3B will be filed quarterly; otherwise, both will be filed monthly.

GSTR 3B details monthly supplies, including GST paid, ITCs claimed, and reverse charge transactions, among other things. GSTR 1, on the other hand, is a monthly/quarterly return that taxpayers must file. GSTR 1 aids in the disclosure of monthly/quarterly sales and tax liability information.

This is done by reducing the holistic GST you earned from your sales and revenue from the comprehensive GST you spent on your purchases and expenses (found on box 14 of your return) (available on the box 10 on your return).

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