The document provides an overview of the key aspects of the Goods and Services Tax (GST) in India, including what GST is, the registration and return filing process, input tax credits, invoicing requirements, and record keeping. It discusses the merger of various indirect taxes into GST and the new tax structure. It also covers transitioning of existing stock, payment of taxes, applicable tax rates, and prerequisites for GST compliance.
The govt. is trying to move towards ONE NATION ONE TAX- GOODS & SERVICE TAX. Through this presentation we have tried our best to give a clear insight about the biggest tax reform.
This article comprises of basic compliances which every assessee shall be liable to comply with and in case, it defaults in complying with the same, he shall be subject to penalty and interest.
CA Ashish Garg
DECODING GST- INPUT TAX CREDIT OF CGST, SGST AND IGSTCa Ashish Garg
Basic Concepts of Input Tax Credit, availment, utilization and reversal of input tax credit.
In every value added taxation structure, Input tax credit remains the backbone of such tax structures as it removes the cascading effect of taxes. In GST also being a value added tax, it is the intention of the lawmakers to allow seamless flow of credit in the supply chain and remove cascading effect of taxes.
What do you think are the challenging issues, immediately affecting a person covered under earlier laws?
The objective of this presentation is to impart understanding on various issues which a business unit/service provider shall face in this change over from earlier law to GST.
Article is about when to apply GST Refund when goods or services are exported out of India. Legal provisions for process of GST refund scheme. GST is a destination based consumption tax where in the levy of tax moves along with goods and /or services.where a goods exporter is not in position to utilize the GST paid in inputs such as raw material , inputs etc. which are used for export of goods shall apply for refund of GST paid by goods exporter. By taking GST Refund Exporter of Goods can increase its business working capital.
Transitional provisions-under GST in Indiasanjay gupta
Coming July,1 2017 GST will be implemented in India. Transitional phase will be very painful for Registered dealers. This presentation deals with the Transitional provision under GST Act in India
OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. GST subsumed various indirect laws in the country and the led to the formation of a common national market. In this webinar, we shall examine and understand the various registrations under the GST Law.
Part 12-GST- Input Tax Credit & AMP, Job Work & RatingsHina juyal
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
The govt. is trying to move towards ONE NATION ONE TAX- GOODS & SERVICE TAX. Through this presentation we have tried our best to give a clear insight about the biggest tax reform.
This article comprises of basic compliances which every assessee shall be liable to comply with and in case, it defaults in complying with the same, he shall be subject to penalty and interest.
CA Ashish Garg
DECODING GST- INPUT TAX CREDIT OF CGST, SGST AND IGSTCa Ashish Garg
Basic Concepts of Input Tax Credit, availment, utilization and reversal of input tax credit.
In every value added taxation structure, Input tax credit remains the backbone of such tax structures as it removes the cascading effect of taxes. In GST also being a value added tax, it is the intention of the lawmakers to allow seamless flow of credit in the supply chain and remove cascading effect of taxes.
What do you think are the challenging issues, immediately affecting a person covered under earlier laws?
The objective of this presentation is to impart understanding on various issues which a business unit/service provider shall face in this change over from earlier law to GST.
Article is about when to apply GST Refund when goods or services are exported out of India. Legal provisions for process of GST refund scheme. GST is a destination based consumption tax where in the levy of tax moves along with goods and /or services.where a goods exporter is not in position to utilize the GST paid in inputs such as raw material , inputs etc. which are used for export of goods shall apply for refund of GST paid by goods exporter. By taking GST Refund Exporter of Goods can increase its business working capital.
Transitional provisions-under GST in Indiasanjay gupta
Coming July,1 2017 GST will be implemented in India. Transitional phase will be very painful for Registered dealers. This presentation deals with the Transitional provision under GST Act in India
OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. GST subsumed various indirect laws in the country and the led to the formation of a common national market. In this webinar, we shall examine and understand the various registrations under the GST Law.
Part 12-GST- Input Tax Credit & AMP, Job Work & RatingsHina juyal
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
The biggest ever indirect tax reforms to be implemented ever since 1947 is the GST bill. Execution of this bill is expected to bring economic integration of the Indian economy. Among the group that is highly overwhelmed with the introduction of this form of tax are the start-ups and SME’s. Expectations are that the organizations will benefit the most out of the GST implementation.
A brief understanding of proposed provisions of Goods & Service Tax, 2016. It includes Dual Structure of GST, Input Credit of GST, Returns or Payments in GST, TDS/TCS in GST.
Maintenance of Accounts and Records, GST compliances and process of GST return filings. Type of Return under GST. Return under CGST, SGST, IGST. GSTR1, GSTR2, GSTR3,
Basic Concept and Impact Presentation on GST by RAMAKapil Bansal
India is fast moving towards one of the most critical tax reforms i.e. the Goods and Services Tax (GST). In fact, as widely acclaimed GST is not just a reform in tax structure rather it is a paradigm shift in the way business is conducted in India. Attached herewith is a brief thoughtful presentation, prepared by the team RAMA, aimed to assist in understanding the basics of GST and its wide impact on businesses. Will be delighted to have your feedback on the subject (please do share as appropriate).
Goods and Services Tax is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
Indian Cable Net Co. Ltd presents GST Guide for LCOs registration, returns, payment and penalty for non-compliance under GST Act, 2017. This presentation is exclusively a property of ICNCL and no part of it can be reproduced and copied, with accrediting the source.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
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Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
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Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
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2. WHAT WILL WE DISCUSS
1. WHAT IS GST
2. MIGRATION & REGISTRATION PROCEDURE
3. TRANSITION OF EXISTING STOCK
4. INPUT TAX CREDITS
5. PAYMENT OF TAX
6. RETURN FILLING AND DUE DATES
7. INVOICING
8. RECORD MAINTENANCE
9. PRE-REQUISITES FOR GST COMPLIANCE
gst@asija.inGST Wing | Asija & Associates LLP
3. 1. WHAT IS GST
GST
Central
Excise
Service
Tax
VAT &
CST
Entry,
Luxury,
Entertain
ment Tax
Add.
Duty of
Excise
Sp. Add
duty of
Custom
IGST
CGST
SGST /
UTGST
gst@asija.inGST Wing | Asija & Associates LLP
4. 1. WHAT IS GST
GST Council to make laws
GST Network to assist
Central & State Govt
Tax Departments
Proper Officer to Administer
GSTIN is the identity
00 AAAAA0000A 0 Z 0
J & K is excluded
Petroleum Products to be covered later
Reverse Charge on procurement from
unregistered supplier on value of Supply
exceeding ₹ 5,000
ITC is available on all capital goods, inputs
& other goods or services used
gst@asija.inGST Wing | Asija & Associates LLP
5. 1. WHAT IS GSTPresent&Future
taxstructure
Central Excise Duty Manufacturing CGST
Service Tax Provision of Service CGST
VAT/CST Sale SGST/IGST
Custom Duty + Counter-
Veiling Duty
Import & Export IGST
Entry Tax/
Entertainment Tax
Entry of goods/
Entertainment
SGST
gst@asija.inGST Wing | Asija & Associates LLP
7. 1. SUPPLY, TIME & PLACE OF SUPPLY
• Intra-State / Inter-State Supply of goods or services
• Made or agreed to be made for a consideration
• In the course or furtherance of business
• Government may notify supplies where RCM is applicable
• In case of purchase from unregistered supplier, RCM is applicable
• Liability to pay tax arises at the time of supply
• date of issue of invoice / date of the receipt of goods
• last date for issuance of invoice / 30 days from date of issue of invoice
• supplier receives the payment / date of payment as entered in BOA
• Value shall be transaction value, incidental expenses, interest or late fee
or penalty.
gst@asija.inGST Wing | Asija & Associates LLP
8. 2. MIGRATION PROCEDURE
Existing tax
payer
(EM, ST, VAT)
Login to
gst.gov.in
Using
Provisional ID
received
Submit docs of
Entity &
Management
Mention all
registrations &
locations
Identify Goods
& Services &
HSN Codes
Use DSC to
submit the
form
ARN issued &
“Migrated” status
granted
Remember to
check status
If error is
found, correct it
& resubmit
Provisional
Registration in
REG-25 will be
issued
3 months time is
available for
Enrolment
gst@asija.inGST Wing | Asija & Associates LLP
9. 2. REGISTRATION PROCEDURE
Intra-State Supplier
(Aggr. Turnover > 20Lakh)
Inter-State Supplier
Person paying tax under RCM
Opted Composition Scheme
Responsible for TDS / TCS
E Commerce operator
Casual Taxable person
Input Service Distributor
Non-Resident Taxable person
Supplying OIDAR services
Agents
Branch offices to get registered if not in
same state
Business Verticals may get separate
registration
No need to meet officer / visit to Dept.
No need to submit physical copies of docs
No delay in registration in usual case
Physical verification of premises only if
deemed necessary by proper officer
Verification report to be issued in 15 days
gst@asija.inGST Wing | Asija & Associates LLP
10. 2. REGISTRATION PROCEDURE
E-Form to Proper
Officer (30)
A - PAN, Mobile
Number and E-mail
Id
Temp. Reference
No. Granted
B - Furnish
required details
Sign & submit
Acknowledgement
generated
Clarification upon
Verification (3)
Answer the queries
(7)
Rejection if no /
incomplete reply
Digitally signed
Reg. Certificate
to be issued (7)
Deemed
Registration
possible (3-7)
Display Registration
certificate
Display GSTIN on
the name board
at entry
Amendment to be
informed (15)
Cancellation by
Proper Officer
Surrender
Registration
gst@asija.inGST Wing | Asija & Associates LLP
11. 3. TRANSITION OF EXISTING STOCK
A Registered Person is entitled to take credit of CENVAT Credit as available in previous
return (Admissible – All 6 returns filed – Exemption Notification)
For capital goods, CENVAT allowed even if not shown in return earlier (allowed in existing
& new law)
Mention details of CANVAT availed earlier & CANVAT yet to be availed in GST TRAN 1.
If engaged in manufacture of exempt goods till date, credit of duties paid on inputs (RM /
WIP / FG) if;
Used in Taxable supplies now
ITC allowed under new law
Tax Invoice / other doc is available showing tax payment
Such doc was issued within 12 months preceding appointed date
gst@asija.inGST Wing | Asija & Associates LLP
12. 3. TRANSITION OF EXISTING STOCK
If a trader doesn’t have such an invoice, credit will be allowed
>18% tax rate - 60% credit against excise payment
<18% tax rate - 40% credit against excise payment
Though Document for procurement of such goods should be available
File GST TRAN 1 within 60 days to take credit
File Monthly GST TRAN– to disclose sales & stock for the month (6 returns)
Details of Form C / F and similar certificates of rate concession to be mentioned
Scheme available for 6 months only – Reversal of ITC
Goods to be stored in a manner that it can be easily identified by Registered person
gst@asija.inGST Wing | Asija & Associates LLP
13. 3. TRANSITION OF EXISTING STOCK
Tax Paid under
existing Law,
Supply made after
appointed date
ITC Allowed
Record invoice in 30
days
Centralised
Registration earlier,
now multiple
registration
ITC Allowed
File Return within 3
months,
Allocate ITC to any of
such entities
gst@asija.inGST Wing | Asija & Associates LLP
14. Have tax
invoice / doc
issued by
supplier
evidencing tax
payment
Goods or
Services or
both have been
received
Tax charged
should have
been actually
paid to
government
Furnished all
returns
preceding 6
months
Payment to
supplier to be
made within
180 days from
date of issue of
invoice.
4. INPUT TAX CREDIT
gst@asija.inGST Wing | Asija & Associates LLP
16. 4. NO ITC AVAILABLE IF
• Registration not applied for within 30 days from the date on which you become liable to
register
• After the time limit for availing Input Tax Credit is crossed (1 year / return for Sep / AR)
• On goods and/or services used as inputs by a composition tax payer
• On goods and/or services used for personal consumption
• On goods and/or services used for making exempt supplies
• On goods and/or services received for which payment has not been made within 180 days
from the date of invoice
• On goods lost, stolen, destroyed, written off or disposed as gift or free samples
gst@asija.inGST Wing | Asija & Associates LLP
17. 5. PAYMENT OF TAX
Pay on or before the due date of filing of the return
To be paid electronically
Will be shown in cash ledger
Interest & penalty to be paid only (No ITC Adjustment)
Make payment for tax or other dues in following order
Previous tax periods
Current tax periods
Interest not exceed 18% will be charged if delay in payment
gst@asija.inGST Wing | Asija & Associates LLP
18. 5. PAYMENTS OF TAX
ELECTRONIC
LEDGERS
Cash ledger
•Reflect all
deposits made
in cash,
TDS/TCS
made
•Making
payments on
account of
GST
Credit ledger
Self assessed
ITC will reflect
here
Credit can be
used for TAX
PAYMENT
ONLY
Liability ledger
Total tax
liability for a
month shown
here
Displayed on
tax payers’
dashboard
gst@asija.inGST Wing | Asija & Associates LLP
19. 6. INVOICING
Tax invoice
Before or at the time of removal or
delivery of goods
Before or after the provision of service
Bill of supply
Receipt voucher
Refund Voucher
Payment voucher
Supplementary Invoice
Debit or Credit notes
Invoice to be Triplicate for goods &
duplicate for services
To be issued in 30 days
E-way bill in case of transfer of
goods more than `. 50,000/-
gst@asija.inGST Wing | Asija & Associates LLP
20. 6. INVOICING
Invoice must contain;
Name, address and GSTIN of the supplier;
Consecutive serial number (Max 16 characters), unique for a financial year;
Date of its issue;
Name, address and GSTIN or UIN, if registered, of the recipient;
HSN code of goods or Accounting Code of services
Description of goods or services;
Quantity in case of goods and unit or Unique Quantity Code thereof
Total value of supply of goods or services or both
Taxable value of supply of Goods/ Services (taking into account discount or
abatement, if any
gst@asija.inGST Wing | Asija & Associates LLP
21. 6. INVOICING
Rate of tax (CGST / SGST / IGST / UTGST / Cess);
Amount of tax charged (CGST / SGST / IGST / UTGST / Cess);
Place of supply along with the name of State, If inter-State supply;
Address of delivery where the same is different from the place of supply;
Whether the tax is payable on reverse charge basis; and
Signature or digital signature of the supplier or his authorized representative:
gst@asija.inGST Wing | Asija & Associates LLP
22. Compliance under GST is no more
“a one day activity”.
Return cycle is spread across the
month.
From offline data recording to online
data recording to file return.
7. RETURN FILING
To be filed electronically
Transaction Level information
Matching concept
Return is must (even if NIL)
No Subsequent Returns if return of
prior period are pending
No Revision
Only Rectification (in subsequent
return)
gst@asija.inGST Wing | Asija & Associates LLP
23. Day 0-10
GSTR-1: Details of outward
supply.
Day 11
GSTR-2A: Auto-populated
Inward supply to Recipient
Day 11-15
GSTR-2: To be modified by
the recipient
Day 16
GSTR-1A: Modified details
made available to supplier.
Day 16-17
Supplier to accept or reject
the modifications
& GSTR-1 gets amended.
Day 18-20
Calculate tax liability & pay
then file GSTR-3
7. RETURN FILLING
gst@asija.inGST Wing | Asija & Associates LLP
24. 7. RETURN FILLING
Returns / Statements Filing Due Date
Monthly Return – Taxable Supplier 20th of the next month
Return for Tax Deducted at Source (Monthly
Returns)
10th of the next month
Return for ISD (Monthly Returns) 13th of the next month
Return for Composition Levy (Quarterly
Returns)
18th of the next quarter
Annual Returns (excludes suppliers of ISD,
composition levy, tax deductor, casual
taxable and non-resident taxable person)
31st December following the end FY
gst@asija.inGST Wing | Asija & Associates LLP
25. 8. RECORD MAINTENANCE
At his principal place of business;
production or manufacture of goods;
inward and outward supply of goods or services or both;
stock of goods;
input tax credit availed;
output tax payable and paid; and
If more than one place of business is specified in the certificate of
registration, the accounts relating to each place of business shall be kept at
such places of business.
gst@asija.inGST Wing | Asija & Associates LLP
27. 9. PRE-REQUISITES FOR GST COMPLIANCE
Person dealing with GST should have;
Knowledge of the goods & service being dealt with, rate & HSN codes
Applicability of reverse charge
Eligibility of ITC on inward supplies
Proper books of accounts displaying inward & outward supplies
Stock of goods
Output tax payable
Return Formats
GST Network & its functions
gst@asija.inGST Wing | Asija & Associates LLP
28. 9. PRE-REQUISITES FOR GST COMPLIANCE
IT infrastructure will play a critical role because;
Outward returns to be filed online
Inward returns to be checked online
Modification / adjustment to be done online
Tax to be paid online.
Monthly return to be filed online
Copies of invoices to be uploaded
gst@asija.inGST Wing | Asija & Associates LLP
29. THANK YOU
FOR ANY QUERIES KINDLY CONTACT OUR GST TEAM :
CA Rahul Mishra
Partner
(rahul.mishra@asija.in)
CA Amber Agrawal
Associate Director
(amber.agrawal@asija.in)
CA Prakhar Gupta
Manager in charge
(prakhar.gupta@asija.in)
ASIJA & ASSOCIATES LLP
CHARTERED ACCOUNTANTS
H.O. : 34/5 , GOKHALE MARG, LUCKNOW
PH. NO. : 0522-4004652,2205072
30. DISCLAIMER
This presentation has been prepared to provide a gist of the applicable law
pertaining to GST as issued till date.
For detailed insight and for better understanding of the various provision of
the law, the said presentation should be read along with related provision of
CGST Act, IGST Act, SGST Act & related rules.
We shall not be responsible for any decision taken on the basis of the said
presentation, without obtaining our professional guidance or consultation on
the matter for which reliance was made on this presentation.”
gst@asija.inGST Wing | Asija & Associates LLP
Editor's Notes
State Code – PAN – Entity in State for same PAN – By default – Check Sum
ARN - Application Reference Number, HSN - Harmonized System Nomenclature
If voluntr – no limit, pay from day1,
REG-1 – application, REG-2 Temp Ref No, REG-3 Notice fr clarification, REG-4 reply, REG-5 Rejection, REG-6 Certificate, REG-7 TDS, REG-8 Cancel TDS, REG-9 NRTP, REG-10 OIDAR, REG-11 CTP/NRTP extends period, REG-12 Temp Reg, REG-14 Amemndment, REG-15 Approval of Amendmnet, REG16 cancel, REG-17 notice, REG-18 reply, reg20 order to drop, reg21 app for revoca, reg22 order fro revok, REG26 Prov RC for Migration