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 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.
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.
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.
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 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
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.
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.
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.
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 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
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/
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
1. presentation on input tax credit under gstNarayan Lodha
GST, Goods And Service Tax, Basic Concept and Principals of Input Credit under GST, Availability of ITC in Special cases, ITC- Input Service Distributor, Electronic Cash Ledger, Electronic Credit Ledger, Refund of Tax under GST
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.
Your guide on the most crucial pillar of GST - Input Tax Credit.
We hope this guide can help you understand the contours of Input Tax credit with regard what you are eligible for and what is explicitly denied in the law.
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/
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The PPT about GSTR-1 , How to filling GSTRR-1 Step by Step all Details here by CA Sanjiv Nanda. .
Mostly people is confused how to file GSTR-1 so this PPT help That people .
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/
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
1. presentation on input tax credit under gstNarayan Lodha
GST, Goods And Service Tax, Basic Concept and Principals of Input Credit under GST, Availability of ITC in Special cases, ITC- Input Service Distributor, Electronic Cash Ledger, Electronic Credit Ledger, Refund of Tax under GST
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.
Your guide on the most crucial pillar of GST - Input Tax Credit.
We hope this guide can help you understand the contours of Input Tax credit with regard what you are eligible for and what is explicitly denied in the law.
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 PPT about GSTR-1 , How to filling GSTRR-1 Step by Step all Details here by CA Sanjiv Nanda. .
Mostly people is confused how to file GSTR-1 so this PPT help That people .
"Filing of Returns"
Filing of Gst Returns helps in determination of Tax liability of the return filer and at the same time it also has a huge Bearing on Determination of tax liability of other persons with whom the former has entered into taxable Activities.
Chapter ix of the CGST Act [section 37 to 48] prescribes the provisions relating to filing of returns.
Follow steps shown in the ppt....
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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.
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.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
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.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
3. Returns:
A return is a statement of specified particulars relating
to business activity undertaken by the taxable person
during a prescribed period.
There will be common e-return for CGST, SGST,IGST
and Additional Tax.
Every registered person is required to file a return for
the prescribed tax period. A return needs to be filed
even if there is no business activity (i.e. Nil Return)
during the said tax period.
A registered taxable person shall not be allowed to
furnish return for tax period if valid return for any
previous tax period has not been furnished by him.
3
5. FIRST
RETURN
• After obtaining registration, the taxable person
is required to file his very first return. This
section provides for the aspects that need to
considered while filing this first return, namely:
5
Transaction to be
reported
Consideration
Involved
Outward supplies From date of liability
to register till the end
of month when
registration is
granted
Inward supplies From effective date
of registration till end
of month when
registration is
granted
7. Furnishing
details of
outward
supplies
(GSTR 1)
This e-return shall be filed within 10 days from
the end of the tax period.
“Details of outward supplies” which shall
include details relating to zero-rated supplies,
inter-state supplies, return of goods received in
relation to/ in pursuance of an inward supply,
exports, debit notes, credit notes and
supplementary invoices issued during the said
tax period.
This Return is not applicable to Input Service
Distributor, Deductor of Tax (Section 37) and
Taxable persons opting for Composition Levy
(Section 8).
7
8. Furnishing
details of
outward
supplies
(GSTR 1)
Revision / Rectification of Original
Return :
In case any outward supplies are not matched
with the respective recipients’ return of inward
supplies, the return for outward supplies
requires rectification which is allowed.
Such rectification, however, is not permitted
after filing of annual return or the return for the
month of September of the following year
whichever is earlier.
8
10. Furnishing
details of
inward
supplies
(GSTR 2)
Details of inward supplies include debit notes,
credit notes and inward supplies liable for tax
payment on reverse charge basis.
In respect of the return for outward supplies
filed by the supplier of goods / services (under
section 25) the receiver is required to match
his receipts with the details of supplies filed by
the supplier.
In fact, the receiver is required to –verify,
validate, modify or even delete – the details
furnished by the suppliers. Now, these details
as accepted by the recipient will be filed in the
return for inward supplies by the recipient.
This Return is not applicable to Input Service
Distributor, Deductor of Tax (Section 37) and
Taxable persons opting for Composition Levy
(Section 8).
10
11. Furnishing
details of
inward
supplies
(GSTR 2)
Revision / Rectification of Original Return :
• In case the return for inward supplies requires
rectification, it is allowed.
• Such rectification, however, is not permitted
after filing of annual return or the return for the
month of September of the following year,
whichever is earlier.
• The information submitted in GSTR-1 by the
Counterparty Supplier of the taxpayer will be
auto-populated in the concerned tables of
GSTR-2. The same may be modified i.e. added
or deleted by the Taxpayer while filing the
GSTR-2. The recipient would be permitted to
add invoices (not uploaded by the counterparty
supplier) if he is in possession of invoices and
has received the goods or services.
• This e-return shall be filed within 15 days from
the end of the tax period.
11
13. Furnishing of
Return
(Summary)
(GSTR 3)
Every Registered Taxable Person for every
calendar month Shall furnish the following:
– (a) of inward and outward supplies of goods
and/or services,
– (b) input tax credit availed,
– (c) tax payable,
– (d) tax paid and
– (e) other particulars as may be prescribed
– (f) within 20 days after the end of such month:
Paying tax under composition scheme shall
furnish a return for each quarterly basis,
electronically, in prescribed form manner, within
18 days after the end of such quarter:
If any taxable person after furnishing a return
discovers any omission or incorrect particulars
therein, shall rectify in the return to be filed for the
month or quarter, during which such omission or
incorrect particulars are noticed, subject to
payment of specified interest as applicable.
13
18. Annual
Return
Taxable persons who get their accounts
audited under section 42(4) are required to
electronically file annual return under this
section along with a copy of the audited
accounts as well as a reconciliation statement
reconciling value of supplies declared in the
return furnished for the year along with the
audited annual financial statement and such
other prescribed particulars.
Input Service distributor, deductor of tax,
casual taxable person and Non-Resident
taxable person are not required to furnish
annual return.
Every registered tax payer shall file Annual
Return on or before 31st December following
the end of the financial year.
18
20. FINAL
RETURN
Every registered taxable person who applies for
cancellation of registration shall furnish a final
return within three months of the date of
cancellation or date of cancellation order,
whichever is later, in prescribed form and manner.
20
21. Returns: Late Filing Fee
21
Defaulted Return Late fee
Return on Outward Details (Ref:
Sec 25)
Rs. 100 per day of delay
Maximum Rs. 5,000
Return on Inward Details (Ref: Sec
25)
same as above
Return on Input credit (Ref: Sec 27) same as above
Final Return for prescribed three
months (Sec 31)
same as above
Annual Return (Sec 30) Rs. 100 per day of delay
Maximum = 0.25% on Aggregate
Turnover