Summary: Zoho Books is robust accounting software that can significantly ease the burden for businesses in filing GST returns. Let’s explore how to file GSTR 1 with Zoho Books, a powerful tool that can simplify GST return filing for businesses of all sizes.
All GST registered businesses in India are required to accurately file their monthly or quarterly returns through various forms such as GSTR 1. The filing process involves accurate reporting of outward supplies of taxable gods or services made by businesses.
As this task demands precision and adherence to strict timelines, using efficient software like Zoho Books can significantly ease the burden of filing any GST return. Zoho Books is a GST compliant accounting and tax filing software that can help businesses generate GSTR-1 based on the transactions recorded.
In this article, we will explore how to file GSTR 1 with Zoho Books, a powerful tool that can simplify filing GST returns for businesses of all sizes.
Zoho Books is an accounting software which is designed by Zoho Corporation. It is a one-stop solution to manage accounting tasks and organize your business’ transactions. It offers a secure location for users to manage their company’s bills and invoices, reconcile bank statements, and control spending.
GSTR-1 is an official sales return document required to be filed by every GST registered business or person. Taxpayers must submit their sales & outward supplies details in the GSTR 1 sales return. The Goods and Service tax 1 must be filed every month or quarter.
All registered taxpayers under GST, except for the following, are required to file GSTR-1:
Taxpayers who have an annual aggregate turnover of less than INR 5 Crore can file GSTR1 and GSTR 3B. The due date to file GSTR 1 return is the 13th of the consecutive month in the succeeding quarter. However, taxpayers can submit their invoices every month.
Zoho Books offers a simplified GSTR 1 filing process. You can harness the power of Zoho’s intuitive platform to effortlessly manage and submit your GST returns with accuracy.
The first step to file GSTR-1 with Zoho Books is to enable API access for Zoho Books into the GST Portal. Here’s how you can do it:
Once you have enabled the API, the next step is to push your transaction to the GST portal.
Once your transactions have been pushed into the GST portal, you will get a confirmation email and a notification in Zoho Books.
To file a GSTR 1 with Zoho Books, follow the steps below:
If you have filed the return directly through the GST portal, then you might have to mark the returns as filed into your Zoho Books’ dashboard. This will prevent you from any further confusion.
Conclusion
Zoho Books emerges as a reliable ally which offers a seamless process to manage and submit GST returns efficiently. By simplifying tasks like enabling API access, pushing transactions, and filing returns, Zoho Books empowers businesses to meet compliance requirements effortlessly.
Make sure to stay updated with any changes in GST regulations and also seek support when you need any assistance while filing your GST returns. When you file GSTR-1 with Zoho Books, you can focus on growing your business while staying compliant with GST requirements.
You can choose to file GSTR-1 quarterly if your business’ turnover during that financial year was more than INR 5 Crore.
Yes, form GSTR-1 must be filed even if there is no transactional activity (Nil Return) by your business in the tax period.
You can prepare for GSTR-1 through various modes:
1. Through online entry on the GST Portal.
2. By uploading invoice and other Form GSTR-1 data using Returns Offline Tool.
3. By using third party applications like Zoho Books.
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