How to File GST with Mocha Accounting? Automate Tax Calculations with GST Filing Software

Modified Date: Feb 19, 2025
How to File GST with Mocha Accounting? Automate Tax Calculations with GST Filing Software

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in many countries, including India. It has simplified the tax structure by replacing multiple indirect taxes like VAT, service tax, and excise duty. Filing GST returns is a crucial responsibility for businesses, ensuring compliance with tax regulations and avoiding penalties.

For many business owners, how to file GST can be a complex and time-consuming process. However, using the right GST filing software, such as Mocha Accounting, can streamline and automate tax calculations, reducing the risk of errors and saving valuable time.

In this comprehensive guide, we will walk you through the entire process of GST filing, highlight the benefits of using GST filing software, and show you how Mocha Accounting can help automate tax calculations. By the end of this article, you will have a clear understanding of how to efficiently manage GST compliance while focusing on growing your business.

Quick Overview: GST Filing Process

Step Description
Step 1 Register for GST on the government portal
Step 2 Maintain proper invoicing and records
Step 3 Calculate GST liability accurately
Step 4 File GST returns (monthly/quarterly)
Step 5 Pay GST dues before the deadline
Step 6 Claim input tax credit (ITC) where applicable
Step 7 Reconcile transactions with the government’s GSTN portal
Step 8 Use GST filing software for automation

Let’s dive deeper into each of these steps and understand the importance of using the right GST filing software.

How to Register for GST?

GST registration is mandatory for businesses exceeding the prescribed turnover limit. Here’s how you can register:

  1. Visit the GST Portal: Log in to the official GST portal.
  2. Fill the Registration Form: Submit required details such as PAN, Aadhaar, business information, and bank details.
  3. Upload Documents: Provide proof of business, address proof, and bank statements.
  4. Receive GSTIN: Once verified, a unique GST Identification Number (GSTIN) is issued.

By integrating Mocha Accounting’s invoicing feature , businesses can generate GST-compliant invoices and track GST obligations effortlessly.

Importance of Proper Invoicing and Record-Keeping

Generating GST-compliant invoices is crucial for seamless tax filing. Essential elements include:

  • GSTIN of supplier and recipient
  • Invoice number and date
  • HSN/SAC code
  • Taxable value and GST rate
  • Total amount payable

How Mocha Accounting Helps?

How to Calculate GST Liability?

GST liability is determined based on taxable turnover and applicable tax rates. Manual calculations can be error-prone, but using GST filing software simplifies the process.

Automation with Mocha Accounting

  • Auto-calculates GST on sales and purchases
  • Generates GST reports instantly
  • Ensures tax compliance Explore Sales Management

How to File GST Returns?

There are different types of GST returns, including GSTR-1, GSTR-3B, and GSTR-9. The steps include:

  1. Login to the GST portal
  2. Select the appropriate return form
  3. Enter details of outward and inward supplies
  4. Verify and submit the return
  5. Generate acknowledgment receipt

With Mocha Accounting’s GST filing software, businesses can directly file returns without manual intervention, ensuring accuracy and compliance.

How to Pay GST Online?

GST payments can be made through:

  • Net banking
  • Credit/Debit card
  • NEFT/RTGS
  • Over-the-counter payment at authorized banks

Mocha Accounting seamlessly integrates with banking transactions, allowing easy tracking and payment reconciliation.

How to Claim Input Tax Credit (ITC)?

Businesses can claim ITC for taxes paid on purchases. The process involves:

  1. Ensuring valid tax invoices
  2. Matching purchase invoices with supplier details
  3. Filing correct GST returns

Mocha Accounting automates ITC reconciliation, ensuring you claim the correct credits.

How to Reconcile Transactions with GSTN?

Transaction mismatches can lead to penalties. Automated reconciliation with Mocha Accounting minimizes errors by:

  • Matching sales and purchase records
  • Identifying discrepancies
  • Generating compliance reports

Why Use GST Filing Software?

Using GST filing software like Mocha Accounting offers multiple benefits:

  • Automated tax calculations
  • Error-free GST filing
  • Real-time GST reports
  • Seamless integration with accounting tools

Final Thoughts: Simplify GST Filing with Mocha Accounting

Filing GST manually can be time-consuming and complex. By using Mocha Accounting’s GST filing software, businesses can automate tax calculations, ensure compliance, and focus on growth.

Start Your GST Filing Journey Today!