GST returns types, applicability of returns with due date to different assessees, CGST, IGST, SGST, Returns for regular Dealer, Composition Dealer, Annual return,Monthly return, Quarterly Return
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. There are various periodic compliance requirements and filings under GST. In this webinar, we shall analyse and understand the forms GSTR-1 and GSTR-3B.
Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.
The GST Council has relaxed filing rules for the first two months post implementation. Here's how to file your returns for these months using form GSTR 3B. To know more about GSTR 3B, visit our page https://cleartax.in/s/gstr-3b
GST is a vast subject. Some feel that the goods rates have increased whereas some feel its reduced & some are confused thinking that how are they benefited from the implementation of GST
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. There are various periodic compliance requirements and filings under GST. In this webinar, we shall analyse and understand the forms GSTR-1 and GSTR-3B.
Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.
The GST Council has relaxed filing rules for the first two months post implementation. Here's how to file your returns for these months using form GSTR 3B. To know more about GSTR 3B, visit our page https://cleartax.in/s/gstr-3b
GST is a vast subject. Some feel that the goods rates have increased whereas some feel its reduced & some are confused thinking that how are they benefited from the implementation of GST
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
OBJECTIVE
Under GST, the supplier of goods or services is liable to pay the tax to the Government. However, under the reverse charge mechanism (RCM), the liability to pay GST is cast on the recipient of the goods or services. Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. In this webinar, we shall understand the applicability and provisions of RCM under GST.
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/
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Goods and Services Tax - Input Tax Credit Eligibility
Basic Provisions. How can a taxpayer claim ITC what are the conditions and restrictions for claiming ITC under GST.
One of the fundamental features of GST is the seamless flow of input credit across the chain and across the country for supply of Goods or Services. Know more about ITC under GST at https://cleartax.in/s/gst-input-tax-credit/
Transition to GST could be a cumbersome process if preparations are not started immediately. VAT/Service tax taxpayers should complete the GST migration. Know more about GST Transitional Provision at https://cleartax.in/s/transition-to-gst/
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Unlike erstwhile indirect tax regime, GST promises seamless credit on goods and services across the entire supply chain with some exceptions. In this webinar, we shall understand and analyse the provisions related to Input Tax Credit under the GST law
OBJECTIVE
Job work sector constitutes a significant industry in Indian economy. The concept of job work already exists in Central Excise, wherein a principal manufacturer can send inputs or semi finished goods to a job worker for further processing. After the introduction of the Goods and Services Act (GST), it made special provisions in this regard, giving some leniency for the job workers in complying with the discrete provisions with a motive to make the principal responsible for the same. In this webinar we will be learning the provisions of the GST Act relating to goods sent on job work, rates applicable for services by way of job work and transitional provisions.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
OBJECTIVE
Under GST, the supplier of goods or services is liable to pay the tax to the Government. However, under the reverse charge mechanism (RCM), the liability to pay GST is cast on the recipient of the goods or services. Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. In this webinar, we shall understand the applicability and provisions of RCM under GST.
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/
Goods and Services Tax - Input Tax Credit Eligibility
Basic Provisions. How can a taxpayer claim ITC what are the conditions and restrictions for claiming ITC under GST.
One of the fundamental features of GST is the seamless flow of input credit across the chain and across the country for supply of Goods or Services. Know more about ITC under GST at https://cleartax.in/s/gst-input-tax-credit/
Transition to GST could be a cumbersome process if preparations are not started immediately. VAT/Service tax taxpayers should complete the GST migration. Know more about GST Transitional Provision at https://cleartax.in/s/transition-to-gst/
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Unlike erstwhile indirect tax regime, GST promises seamless credit on goods and services across the entire supply chain with some exceptions. In this webinar, we shall understand and analyse the provisions related to Input Tax Credit under the GST law
OBJECTIVE
Job work sector constitutes a significant industry in Indian economy. The concept of job work already exists in Central Excise, wherein a principal manufacturer can send inputs or semi finished goods to a job worker for further processing. After the introduction of the Goods and Services Act (GST), it made special provisions in this regard, giving some leniency for the job workers in complying with the discrete provisions with a motive to make the principal responsible for the same. In this webinar we will be learning the provisions of the GST Act relating to goods sent on job work, rates applicable for services by way of job work and transitional provisions.
GST Simplified Series#1: Concept, Scope, Levy & ApplicabilityCA Nikhil M Jhanwar
We are pleased to share that we have launched Series ‘GST Simplified’ wherein we would attempt to explain nitty-gritty of GST in most lucid manner through write-ups, presentations and videos.
Series#1 explains ‘Concept, levy, scope & applicability of GST.
KEY FEATURES OF THE BOOK • Highlights of changes in Revised Model GST Law for easy understanding • Constitutional Amendments and likely date of GST Implementation • GST - Need & Necessity, Overview and Model for India • Discussion/analysis on Revised Model GST Law along with its comparison with First Model GST Law • Analysis of meaning of the terms 'Supply','Goods' and 'Services' in GST. • Gist of documents, information, procedure, etc., required for migration of existing registrants in GST • Discussion on various domains - intra-state supply and inter-state supply of goods and/or services, principles of place of supply & time of supply, valuation of goods and/or services, GST ITC, taxable person, appeals and revision, offences and penalties, demand and recovery, GST rate, e-commerce operator, etc., along with transitional provisions. • Discussion on contentious issues under Revised Model GST Law which requires reconsideration • Discussion on flow of input tax credit in GST with illustrations and negative list for GST ITC • Discussion on Draft Rules and procedural aspect of GST- Registration, Payment, Invoice, Returns and Refund • Impact of GST on business and specifically on manufacturers, traders and service sectors and preparation required for smooth migration • Transitional issues under GST along with effective tools for planning. • Likely challenges ahead for GST implementation • Way forward and Procedural changes in GST • Contains complete Revised Model GST Law, ModeI IGST Law and Draft GST Compensation Law along with Draft Rules and Formats on Registration, Payment, Invoice, Returns and Refund as released by the Government
The debate over the implementation of Goods and Services Tax (GST) has been tiresomely long.
GST is a critical reform in spurring growth in the Indian economy.
When it is introduced, GST is expected to make the tax system simpler and will also help in increased compliance, boost tax revenues, reduce the tax outflow in the hands of the consumers and make exports competitive. The new government will hopefully set forth a roadmap for the implementation of GST soon.
Today’s lesson on GST attempts to simplify this concept for you.
Presentation on Model GST Law by CA. Juhin Ajmera CA Juhin Ajmera
With the ratification of the GST bill by more than half State Legislatures, GST is now a reality and is certainly round the corner more than ever before with even Prime Minister Modi pushing for the same. April 1, 2017 is the expected go live date however, it is mainly dependent on the outcome of the GST Coucil Meet. Nonetheless we should start educating ourselves about the Biggest Tax Reform since independence.
In this presentation, I have included the idea, framework and advantages of GST regime over current Indirect Tax Structure.
Traditionally India’s tax regime relied heavily on indirect taxes. Revenue from indirect taxes was the major source of tax revenue till tax reforms were undertaken during nineties. The major argument put forth for heavy reliance on indirect taxes was that the India’s majority of population was poor and thus widening base of direct taxes had inherent limitations. But the Indian system of indirect taxation is characterized by cascading, distorting tax on production of goods and services which leads to hampering productivity and slower economic growth. There are endless taxes in present system few levied by Centre and rest levied by state, to remove this multiplicity of taxes and reducing the burden of the tax payer a simple tax is required and that is Goods and Service Tax (GST). This paper throws an insight into the Goods and Service Tax concept, advantages, disadvantages and international scenario
4 Key impact area on gst implementation synergytas
GST Malaysia is coming for real. With 4 key impact areas on implementation. Join us for the action plan on GST conducted by Dr Choong Kwai Fatt. Visit website www.synegytas.com/gstkls2 for more information.
Different types of GST returns to be filed under GST Act.pdfThe Tax Planet
Under GST Act, there are 22 types of GST returns. Out of which, only 11 GST returns are active, 3 are suspended, and 8 view-only in nature. The number and type of GST return must file are based on the type of the registered taxpayer, which include regular taxpayers, composition taxable persons, e-commerce operators, TDS deductor, non-resident taxpayer, Input Service Distributor(ISD), casual taxable persons, etc. If you want to know more about the types of GST returns to be filed under GST Act. Read the entire article: https://www.thetaxplanet.com/blog/different-types-of-gst-returns-to-be-filed-under-gst-act
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,
This is about the understanding of the provisions applicable in GST. This Presentation talks about the complete practical understanding. There is a series of presentation available but for now we are providing our first PPT free of cost.
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
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GST REGISTRATION
Pre 1st July 2017, a manufacturer, trader, retailer or any other business was filing returns in respect of various compliances – Excise, VAT, Service Tax, Sales Tax, Income Tax etc. with separate returns for each of them. A continuous process of filing returns – monthly, quarterly, half-yearly and yearly existed and businesses were kept occupied throughout the year by filing one or the other return.
For detail guience with our experts request you to visit our website : onlinecompliances.com . where our experts are ready to provide you instant solution for your financial issues.
The GST mechanism includes the information of sales, purchases, input tax credit and every taxpayer is required to file GST returns.
Under GST taxpayer needs to file monthly returns and one annual return.
GSTR-1, GSTR-2 and GSTR-3 are required to file by normal taxpayers.
https://www.trutax.in/gst-returns-filing
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.
Similar to GST Return Overview by CA Shital Thadeshwar (20)
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
2. GST Return overview
GST is a self-assessed destination based taxation system.
Registered Person required to furnish details of sales, purchases
and tax paid and collected there on by filing return with GST
NIL return even if there is no transaction
Government entities / PSUs , etc. not dealing in GST supplies or
persons exclusively dealing in exempted / Nil rated / non –GST
goods or services would neither be required to obtain registration
nor required to file returns under the GST law.
However, State tax authorities may assign Departmental ID to such
government departments / PSUs / other persons and will ask the
suppliers to quote this ID in the supply invoices for all inter-State
purchases being made to them.
3. Continue……
Online / Offline return filing
Common e-return for CGST, SGST, IGST and
Additional Tax.
A registered Tax Payer shall file GST Return at GST
Common Portal either by himself or through
his authorised representative;
5. Type of
return
Return for Due Date To be filed by
GSTR 1 Outward supplies made by taxpayer
(other than compounding taxpayer
and Input Service Distributor[ISD])
10th of the next
month All regular tax payers and
casual/ non- resident tax
payers
GSTR 2 Inward supplies received by a taxpayer
(other than a compounding taxpayer
and ISD)
15th of the next
month
GSTR 3 Monthly return (other than
compounding taxpayer and ISD)
20th of the next
month
GSTR 4 Quarterly return for compounding
taxpayer
18th of the month next
to quarter
Compounding taxpayers
GSTR 5 Periodic return by Non-resident
foreign taxpayer
7 days from last day of
registration
Non-resident tax payers
GSTR 6 Return for ISD 13th of the next
month
Input Service
Distributors
GSTR 7 Return for Tax Deducted at Source 10th of the next
month
Person deducting GST
at source
GSTR 8 Return for Tax Collected at Source 10th of the next
month
E- Commerce Service Operator
GSTR 9 Annual Return 31st December of
next FY
All regular tax payers
GSTR 10 Final Return With in 3 months Dealers whose license
cancelled or surrendered
GSTR 11 Govt Bodies, UN 28th of Succeeding
Month
to be furnished by a person
having UIN
7. GSTR 1 ( Sales Return)
This is a sales register of goods and services, here we can enter the details
data of sales . If a persons sells his goods and services to a register person
within the state in that case he is liable to charge CGST and SGST on the
transaction. At the same point of time if the person sells his goods and
services to other state he is liable for IGST charge on him.
Intrastate / Within State : CGST , SGST
Interstate / Outside State : IGST
Here of each transaction it is important to classify the goods or services
with his SAC or HSN code because these codes will identify the nature of
the transaction.
Again for avoidance of the black money or hawala transaction in GST
returns, there is a need to identify some important transaction like inter
state transaction worth Rs. 250000/- or more.
8. GSTR 1Continue…
Applicable to
Outward supplies
made by
taxpayer (other
than compounding
taxpayer and
ISD)
Filing Due date :
10th of the next
month
11Pages long
return
GSTR-1 return will include details of the outward supplies or sales by the
tax payer. The GSTR-1 contains the following information:
Taxable outwards supply to a registered person
Taxable outward inter-state supplies to a consumer and Invoice value is
more than Rs 2.5 lakh
Taxable outward supplies to consumer Other than above
Details of Credit/Debit Notes
Amendments to details of Outward Supplies of earlier tax periods
Nil rated, Exempted and Non GST outward supplies
Supplies Exported (including deemed exports)
Tax liability of amount received in advance against a supply to be
made in future
Tax already paid (on advance receipt) on invoices issued in the current
period
9. GSTR 1 Continue…
The details of outward supply along with debit/credit
note in GSTR-1 furnished by the supplier shall be
communicated, to the registered taxable persons
receiving such supplies by way of updating their ITC
Ledger.
Under Reporting of Supply: If any supplies are under
reported to the extent of 5% then such tax payer will
be trigger for black listing under the compliance rating
system under GST. Any amendment there to not under
GSTR-1 but under separate column provided in GSTR-
3.
10. GSTR 1A
Due date :
20th of
succeeding
month
Auto
drafted 3
pages long
return
generated
by the GST
system.
Details of outward supplies as added,
corrected or deleted by the
recipient in Form GSTR-2 will be made
available to supplier
11. GSTR 2 ( Purchase Return)
This is a comprehensive purchase register. Here we can enter
the data of both purchase of service and goods.
In GSTR-2 the data of the goods purchase from register
dealer including debit/credit note will automatically
populated as the respective dealers upload there sales
register on due date. In GST there we will check our data as
per seller return so mismatch issue resolve will solve easily.
Here a separate details information will be required for
input service distributors.
Due date of filling the return is 15th of the next month. But
we can upload our data on daily, fortnight, weekly too.
12. GSTR 2 (Purchase Retrun)
Applicable to
Inward
supplies
received by
a taxpayer
(other than a
compounding
taxpayer
and ISD)
Filing Date :
15thof the
next month
The GSTR-2 contains the following information:
Inward supplies/purchases received from
registered tax payers;
Goods /Capital goods received from Overseas
(Import of goods);
Services received from a supplier located outside
India (Import of services);
Details of Credit/Debit Notes;
Amendments to details of inward supplies
received in earlier tax periods (including post
purchase discounts received);
Supplies received from compounding
/unregistered dealer & other exempt/nil/non
GST supplies;
Credit Received in the form of ISD, TDS and ITC
13. GSTR 2 Continue…..
The filing of Form GSTR-1 impacts ITC Ledger of supply receiver
without acknowledgement of the suppliers. Therefore the mechanism
of filing GSTR-2 is designed to incorporate the right of supply
receiver to verify, validate, modify or, if required, delete the
outward supplies and credit or debit notes.
After 11th day of the succeeding month the service receiver can
view their ITC Ledger on GSTN and prepare summary of inward
supply and filed it in the Form GSTR-2 on or before the fifteenth
day of the month succeeding the tax period.
Auto Population in Form return from GSTR-2 will be done on or after
11th of the succeeding month. Addition or Deletion of the invoice by
the taxpayer will be permitted between 12th and 15th of the
succeeding month. Adjustments would be permitted on 16th and 17th
of the succeeding month.
14. GSTR-2A
Monthly
Return
Due date of
Filing :
11th of
succeeding
Month
Auto drafted
5 pages
long return
generated
by the GST
system.
Auto-populated details of inward
supplies made available to the recipient
on the basis of Form GSTR-1 furnished
by the supplier
15. GSTR 3
In GSTR 3 return, maximum data are auto
populated from purchase and sales registers.i.e.,
GSTR 1 & GSTR 2 Only adjustment entries and
challan information will enter after these entries
Here cash ledger (tax deposit in cash and TDS/
TCS) will made separately for CGST , SGST and
IGST.
16. GSTR 3 Continue….
Monthly return
(other than
compounding
taxpayer and
Input Service
Distributers
[ISD])
Due date of
filing of GST
return 20th of
Succeeding
month
The GSTR-3 contains the following major
information:
Monthly outward (Intra-state/intra-state/export)
supply;
Monthly inwards (Intra-state/intra-state/inward
under reverse charge/import) supply;
Total tax liability for the month including liability
under reverse charge
Net ITC available
The registered taxable person shall not be allowed
to furnish return for a tax period if return for any
previous tax period has not been furnished by him.
17. GSTR 3 Continue…..
Other tax, penalties interest shall be payable during the preceding month
Information about ITC ledger, cash ledger and liability ledger would be
updated in real time on an activity in connection with these ledgers by the
taxpayer.
If any taxable person after furnishing a GSTR-3 return discovers any
omission or incorrect particulars therein, he shall rectify such omission or
incorrect particulars in the return to be filed for the month during which such
omission or incorrect particulars are noticed, subject to payment of interest,
where applicable and as specified in the Act.
No such rectification of any omission or incorrect particulars shall be
allowed after the due date for filing of return for the month of September,
following the end of the financial year, or the actual date of filing of
relevant annual return, whichever is earlier.
.
18. In Short…..
1. You file GSTR 1 for Sales made (Due Date 10 th of next Month)
2. Your buyer views sales made by you in GSTR 2A( Due date 11th of next month)
3.Your buyer approves the sales made by you and files GSTR 2
( Due date 15th of next month)
4. If buyer modifies the sales marked by you, you can see that in GSTR 1A
And you may either approves or disapproves the changes.
5.When buyer and seller approves , GSTR 3 is generated with the payment of Tax
(Due date is 20 th of next month)
19. GSTR-9 ANNUAL RETURN
This return to be filed annually is intended to
provide 360 degree view about the activities of the
taxpayer. This statement would provide a
reconciliation of the returns with the audited
financial statements of the taxpayer.
This return is a detailed return and captures the
details of all the income and expenditure of the
taxpayer and regroups them in accordance with the
monthly returns filed by the taxpayer.
20. GSTR 9 Continue…..
Pending arrears, Current order status related to arrears, Pending refund
claim,
the gross profit/loss arrived on the basis of the details submitted in this
statement should tally with the gross profit/loss indicated in the Profit and
Loss Account of the dealer
Return is to be submitted along with the audited copies of the Annual
Accounts.
A separate reconciliation statement and copy of audited books of
accounts duly certified by a Chartered Accountant, in Form GSTR 9B will
have to be filed by those taxpayers who are required to get their accounts
audited under section 44AB of Income Tax Act 1961.
Due date of return filing is 31st December of next Fiscal year
21. GSTR 9 Continue…..
Details to be furnished in GSTR-9 Annual Return
Details of expenditure:
Total value of purchases on which ITC availed (inter-
State)
Total value of purchases on which ITC availed (intra-
State)
Total value of purchases on which ITC availed (Imports)
Other Purchases on which no ITC availed
Sales Returns
Other Expenditure (Expenditure other than purchases)
22. GSTR 9 Continue…..
Details of Income:
Total value of supplies on which GST paid (inter-State Supplies)
Total value of supplies on which GST Paid (intra-State Supplies)
Total value of supplies on which GST Paid (Exports)
Total value of supplies on which no GST Paid (Exports)
Value of Other Supplies on which no GST paid
Purchase Returns
Other Income (Income other than from supplies)
Other Amount
Arrears (Audit/Assessment etc.)
Refunds
Profit as Per the Profit and Loss Statement
Gross Profit
Profit after Tax
Net Profit
24. GSTR 4
QUARTERLY
return
(Composite
Tax Payer)
Due date of
filing of
GST return
18h of
Succeeding
month
Small taxpayer has the option to opt for the
composition scheme. In such a case, he would be
required to pay taxes at fixed rate.
No input tax credit facility would be available.
He is required to provide only the following
details:
• The total value of supply made during the period of
return
• Details of payment of tax in the return
Declare invoice-level purchase information.
Goods and Services Imported from out side
India
25. GSTR4A
Details to be furnished:
Details of inward supplies made available to
the recipient registered under composition
scheme on the basis of FORM GSTR-1 furnished
by the supplier
26. GSTR 9A
Annual Return for Composite Tax Payer
It is simplified Annual return by Compounding
taxable persons registered under section 8
Consolidated details of quarterly returns filed
along with tax payment details.
Due date of return filing is 31st December of next
Fiscal year
27. GSTR-5
Return file by the Non-Resident
Non-Resident foreign taxpayers would be required to
file GSTR-5 for the period for which they have
obtained registration within a period of 7 days after
the date of expiry of registration.
In case registration period is for more than one month,
monthly return(s) would be filled, in that case due
date shall be 18th of Succeeding month.
In this return HSN/SAC code should be mention
because these are classify the transaction as a sales
and purchase of goods and services.
28.
29. GSTR 5 Continue…
Furnish details of imports, outward supplies, ITC
availed, tax paid, Monthly Retrun and closing stock
20th of succeeding month or within 7 days after the
expiry of registration
The registration format to be used will be the same
as that for UN Bodies/Embassies.
31. GSTR-6
Return for Input Service Distributor
This return will be filed by the Input Service
Distributors within 15 days after end of the month.
In this return form input service distribution ledger
will be maintained.
In this ledger credit of CGST, SGST, IGST will
maintain separately of each tax amount
32. GSTR-6A
Return for Input Service Distributor
Details of inward supplies made available to the
ISD recipient on the basis of FORM GSTR-1 and
GSTR 5.
This return will be filed by the Input Service
Distributors within 11 days after end of the month.
34. GSTR 7
Return for authorities deducting tax at source
Tax deductor will be liable to file this TDS return
within the 10 days after end of the month.
This return form is almost similar to TDS return of
income tax (26Q/24Q etc).
it is for the TDS on supplies and will contain the
details of supplier along with the invoices against
which the tax is deducted.
In this return deductee information and transaction
information is mention with the related challan in
which the TDS amount is paid to department.
35. GSTR 7 Continue….
This return would capture the following information
1. Basic details of the Taxpayer i.e. Name along with GSTIN
2. Period to which the Return pertains
3. Details of GSTIN of the Supplier along with the invoices
against which the Tax has been deducted. This will also
contain the details of tax deducted against each major
head i.e. CGST, SGST and IGST.
4. Details of other payments - Interest/Penalties/Fee/Others,
etc. (This will be auto populated from the Debit entry in
Cash ledger)
5. Late filing would be permitted on payment of late fees only.
36. GSTR 8 TCS RETURN
FOR E-COMMERCE OPERATORS
Every e-Commerce operator who has to collect tax at source will
have to furnish a statement in FORM GSTR-8.
The details so furnished by the operator will be made available
electronically to each of the suppliers in Part D of FORM GSTR-
2A(which is a mere auto population of counter-party i.e supplier’s
GSTR1 where supplier must have disclosed his sales) on the Common
Portal after the due date of filing of FORM GSTR-8
GSTR 8 (statement for e-commerce operator) to be furnished by
the 10th of the month succeeding the tax period
An e-commerce portal supplying goods through his own portal shall
not be required to file this return in respect of such supplies.
37. GSTR 8 Continue….
Details to be furnished in GSTR 8 statement for e-
commerce operator
Details of the supplies to registered Taxable Persons made
through the e-commerce operator
Amendment to Details of the supplies to registered Taxable
Persons made through the e-commerce operator
Details of the supplies to unregistered persons made
through the e-commerce operator
Amendment to details of the supplies to unregistered
persons made through the e-commerce operator
Tax Collected at Source (TCS) Details
Liability payable and paid
38. GSTR 10 Final Return
Applicable in case of surrender or cancelation of
Registration
Details to be furnished : Inputs and capital Goods
held, Tax paid and Payable
To be submitted with in 3 months of cancellation
of registration.
39. GSTR 11
Government Department and United Nations Bodies
Details of inward supplies to be furnished by a person
having UIN
Return to be furnished by 28th of the month following
the month for which statement is filed
GSTR 11 -Inward Supplies statement for UIN -Unique
Identity Number- is to be furnished by the persons
holding UIN w.r.t. the inward supplies made during the
month for consumption or use.
GSTR 11 to contain details of purchases made for
consumption or use (other than for the purpose of
making outward supplies)
40. Non-Filers & Late-Filers
In case of failure by the taxpayer to submit periodic
returns, a defaulter list will be generated by the IT system by
comparing the return filers with the registrant database.
Such defaulter list will be provided to the respective GST
Authorities for necessary enforcement and follow up action.
GST Common Portal can auto generate and send the notice
to all non-filers (being done by many State VAT authorities)
in the form of email and SMS. Jurisdictional tax authorities
can get the same printed and dispatch such notices. The
details of non-filers shall be made available on the dash
board of jurisdictional officers.
41. Non-Filers & Late-Filers
Where taxable person fails to furnish the return, a
notice shall be issued to him requiring to furnish the
such return with in such time and manner as
specified ( GSTR 3A)
In case of Registered dealer fails to furnish return
Rs. 100 per day subject to maximum Rs. 5,000/-
In other case, Quarter percent of hi aggregate
turnover .
42. Short-Filers
As per the requirement of the IGST model, Return should be
allowed to be filed only on payment of due tax as self-
assessed and declared in the return.
It has, however, been decided that e-Return should be
allowed to be uploaded even in case of short payment for
the limited purpose of having the information about self-
assessed tax liability even though not paid.
Any invalid return (including the one not supported by full
payment) will merely be recorded with unique transaction
ID, but not accepted in the system, and that aspect will be
made known to the taxpayer at the time of communicating
the ID itself.
43. Acknowledgement:
On submission of return, an Acknowledgement Number will be auto
generated. The acknowledgement number is the conclusive that a return is
duly filed but it is not conclusive evidence that a valid return has been filed.
In such cases, initially a Transaction ID confirming receipt of data will be
conveyed to the taxpayer, (as also envisaged in case of filing of short paid
/ non –paid return). Final acknowledgement of receipt of return will be
generated after validation of data is completed, which will also lock-in the
Transaction ID.
The acknowledgement of e-return would contain the following details:
Return acknowledgement number, Date and Time
Transaction ID No., Date and Time
GSTIN of taxpayer,Relevant tax period details
Gross Supplies, Taxable Supplies and Tax paid / refund claimed (CGST,
SGST, IGST and Additional tax separately) during the Return period
45. Summary
GSTR Registered taxable person shall furnish Due Date
GSTR1 Return for outward supplies made by taxable
person (other than compounding taxpayer and
ISD)
10th of the next month
GSTR-
2A
Auto-populated details of inward supplies made
available to the recipient on the basis of Form
GSTR-1 furnished by the supplier
11th of succeeding Month
GSTR
2
Return for inward supplies received by a taxable
person (other than a compounding taxpayer and
ISD)
1 5th of the next month
GSTR-
1A
Details of outward supplies as added, corrected
or deleted by the recipient in Form GSTR-2 will
be made available to supplier
20th of the next month.
GSTR-
3A
Monthly return of outward supply, inward supply
, ITC availed, Tax paid and Tax payable (other
than compounding taxpayer and ISD)
20th of the next month.
GSTR-
9
Annual Return – furnish the details of ITC availed
and GST paid which includes local, interstate
and import/exports.
31st Dec of next fiscal
46. GSTR-4 Quarterly return for
compounding taxpayer
18th of the month
next to quarter.
GSTR-
4A
Details of inward supplies made
available to the recipient
registered under composition
scheme on the basis of Form
GSTR-1 furnished by the
supplier
-
GSTR-
9A
Furnish the consolidated details
of quarterly returns filed along
with tax payment details.
31st Dec of next
fiscal
Foreign Non-Resident Taxpayer
GSTR-5 details of imports, outward
supplies, ITC availed, tax paid,
and closing stock
20th of succeeding
month or within 7
days after the
expiry of
registration
Composite Tax Payer
47. GSTR-5 details of imports, outward supplies, ITC
availed, tax paid, and closing stock
20th of succeeding month
or within 7 days after the
expiry of registration
Foreign Non Resident Tax Payer
Input Service Distributers
GSTR-6 details of input credit
distributed
13th of the next month
GSTR-6A Details of inward supplies
made available to the ISD
recipient on the basis
of Form GSTR-1 furnished
by the supplier
11
th
of succeeding
month
48. Tax Deductor
GSTR-7 details of TDS deducted 10th of succeeding month
GSTR-7A TDS Certificate TDS certificate made
available monthly
E-commerce TCS
GSTR 8 supplies effected through e-commerce operator
and the amount of tax collected on supplies
10th of succeeding
month
49. Agreegrate T.O. > 1 crore
GSTR-9B Reconciliation Statement – audited annual
accounts and a reconciliation statement, duly
certified.
Annual, 31st Dec of next
fiscal
Final return
GSTR-10 details of inputs and capital goods held, tax paid
and payable.
Within 3 months of
cancellation of
registration
Government Departments and United Nation
Bodies
GSTR-11 inward supplies to be
furnished by a person
having UIN
28th of succeeding month