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. 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
The chapter consists of Tax Deducted at Source and Collection of Tax at source.
Tax Deducted at Source (TDS) is one of the ways to collect tax based on certain percentages on the amount payable by the receiver on goods/services. The collected tax is a revenue for the government.
Who is liable to deduct TDS under GST law?
A. A department or an establishment of the Central Government or State Government; or
B. Local authority; or
C. Governmental agencies; or
D. Such persons or category of persons as may be notified by the Government.
As per the latest Notification dated 13th September 2018, the following entities also need to deduct TDS-
An authority or a board or any other body which has been set up by Parliament or a State Legislature or by a government, with 51% equity ( control) owned by the government.
A society established by the Central or any State Government or a Local Authority and the society is registered under the Societies Registration Act, 1860.
Public sector undertakings.
What is TCS under GST
Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by it on behalf of the supplier of goods, or services who makes supplies through the operator’s online platform. TCS will be charged as a percentage on the net taxable supplies. The provision of TCS under GST is dealt under Section 52 of the CGST Act.
Who is liable to collect TCS under GST
Certain operators who own, operate and manage e-commerce platforms are liable to collect TCS. TCS applies only if the operators collect the consideration from the customers on behalf of vendors or suppliers. In other words, when the e-commerce operators pay the consideration collected to the vendors they have to deduct an amount as TCS and pay the net amount.
Here are few exceptions to the TCS provisions for the services provided by an e-commerce platform:
Hotel accommodation/clubs (unregistered suppliers)
Transportation of passengers – radio taxi, motor cab or motorcycle
Housekeeping services like plumbing, carpentry etc. (unregistered suppliers)
For example – M/s.XYZ stores (a proprietorship) is selling garments through Flipkart. Flipkart, being an e-commerce operator, before it makes the payment of consideration collected on behalf of XYZ, will be liable to deduct TCS.
What is the rate applicable under TCS
The dealers or traders supplying goods and/or services through e-commerce operators will receive payment after deduction of TCS @ 1%. The rate is notified by the CBIC in Notification no. 52/2018 under CGST Act and 02/2018 under IGST Act.
This means for an intra-state supply TCS at 1% will be collected, i.e 0.5 % under CGST and 0.5% under SGST. Similarly, for a transaction between the states, the TCS rate will be 1%, i.e under the IGST Act.
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.
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. 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
The chapter consists of Tax Deducted at Source and Collection of Tax at source.
Tax Deducted at Source (TDS) is one of the ways to collect tax based on certain percentages on the amount payable by the receiver on goods/services. The collected tax is a revenue for the government.
Who is liable to deduct TDS under GST law?
A. A department or an establishment of the Central Government or State Government; or
B. Local authority; or
C. Governmental agencies; or
D. Such persons or category of persons as may be notified by the Government.
As per the latest Notification dated 13th September 2018, the following entities also need to deduct TDS-
An authority or a board or any other body which has been set up by Parliament or a State Legislature or by a government, with 51% equity ( control) owned by the government.
A society established by the Central or any State Government or a Local Authority and the society is registered under the Societies Registration Act, 1860.
Public sector undertakings.
What is TCS under GST
Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by it on behalf of the supplier of goods, or services who makes supplies through the operator’s online platform. TCS will be charged as a percentage on the net taxable supplies. The provision of TCS under GST is dealt under Section 52 of the CGST Act.
Who is liable to collect TCS under GST
Certain operators who own, operate and manage e-commerce platforms are liable to collect TCS. TCS applies only if the operators collect the consideration from the customers on behalf of vendors or suppliers. In other words, when the e-commerce operators pay the consideration collected to the vendors they have to deduct an amount as TCS and pay the net amount.
Here are few exceptions to the TCS provisions for the services provided by an e-commerce platform:
Hotel accommodation/clubs (unregistered suppliers)
Transportation of passengers – radio taxi, motor cab or motorcycle
Housekeeping services like plumbing, carpentry etc. (unregistered suppliers)
For example – M/s.XYZ stores (a proprietorship) is selling garments through Flipkart. Flipkart, being an e-commerce operator, before it makes the payment of consideration collected on behalf of XYZ, will be liable to deduct TCS.
What is the rate applicable under TCS
The dealers or traders supplying goods and/or services through e-commerce operators will receive payment after deduction of TCS @ 1%. The rate is notified by the CBIC in Notification no. 52/2018 under CGST Act and 02/2018 under IGST Act.
This means for an intra-state supply TCS at 1% will be collected, i.e 0.5 % under CGST and 0.5% under SGST. Similarly, for a transaction between the states, the TCS rate will be 1%, i.e under the IGST Act.
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.
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/
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.
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
This PPT explains all about the latest amendments in the GST regime. Under, valuation of supply, this topic covers the time of supply which is considered as as second aspect after place of supply.
Introduction
This PPT explains the complete procedure regarding the GST registration in India. It also explains the complete registration rules as per GST act. This presentation also covers practical aspects to the GST registration in India. If you want to get the GST registration online, then you are at the right place.
Brief Registration rules
1. Every person shall be liable to be registered under GST if the total turnover (including exempt supplies) crosses the of Rs.20 lakh in a financial year. However, for north eastern states, the turnover limit is Rs.10 lakh.
2. To be eligible for GST registration, the person must have a valid PAN number (passport in case of non resident).
3. The GST registration is taken from the place where supply is executed. E.g. Mr. A is selling goods from his godown in Laxmi Nagar Delhi, and then he is liable to take registration from Laxmi Nagar, Delhi.
4. Turnover for registration is to be calculated on all India bases and not on state wise.
E.g. if you have business one at Delhi and another is in Uttar Pradesh, then for GST registration the total combine turnover of Delhi and UP is to be taken.
5. Person must apply for GST registration within 30 days of becoming liable for GST registration.
6. If a person wants to add a branch outside the state, then he shall need to apply for another GST registration in the respective state.
7. A person registered under GST voluntarily shall need to comply with GST like any other registered person.
Mandatory Registration
Further, there are another categories of taxpayers who are required to take GST registration in India irrespective of the turnover, i.e. even if the person has Re.1 turnover, he needs to get GST registration if he falls under the categories of mandatory registration.
Kindly read the presentation to know the complete information and procedure about the GST registration.
About the Author
This presentation has been prepared by CA Paras Mehra, who is professionally associated with www.hubco.in, an online legal website which deals in online GST registration, GST return filing, Company registration, Nidhi Company registration, Compliances etc.
Types of Assessment in GST-
Self Assessment
Provisional Assessment
Scrutiny of Returns
Assessment of Non-filers
Assessment of Unregistered persons
Summary Assessment
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 chapter consists of basics of Goods and Service Tax, Tax Invoice; Credit and Debit Notes; E-Way Bill, Procedure for Generation of E-Way Bill; Accounts and Records; Electronic Cash Ledger, Manner of Utilization of Amount in Electronic Cash Ledger, Electronic Credit Ledger-Manner of Utilization of ITC, Electronic Liability Ledger-Order of Discharge of Tax and Other Dues.
An invoice is a commercial instrument issued by a supplier of goods/services to a recipient.
In GST, all invoices issued between the date of implementation of GST and the date of issuance of GST registration certificate will have to be reissued in the form of a revised invoice and have to be raised within a month of issuance of the registration certificate.
A supplementary tax invoice is an invoice that a taxable person issues if any deficiency is found in a tax invoice already issued by the said taxable person. A supplementary invoice is also known as a debit note.
The recipient who is registered under GST has to issue a payment voucher for the transactions(goods or services) on which reverse charge is applicable to the supplier. For example Ajay cashew house registered in Delhi had purchased cashew nuts from Vikram an agriculturist for Rs 100000 in Karnataka.
Rule 55 specifies the cases where at the time of removal of goods, goods may be removed on delivery challan and invoice may be issued after delivery. Issuance of Credit Note – Section 34(1)
Issuance of Debit Note – Section 34(3)
Details of Credit Note to be furnished in return – Section 34(2)
Details of Debit Note to be furnished in return – Section 34(4)
EWay Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in.
Registered Person – E-way bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a registered person. A Registered person or the transporter may choose to generate and carry eway bill even if the value of goods is less than Rs 50,000.
e-Cash ledger indicates the amount that has been paid by the taxpayer to the government. The amount in this ledger can be used to make payment of tax, interest, liability, fees and so forth.
e-Credit ledger or electronic credit ledger is maintained in the form GST PMT-02 on the GST Portal.
This ledger helps in tracking all the Input Tax Credit (ITC) claims made by the taxpayer. However, it shall be noted that any remaining amount in the e-Credit ledger can be used in making the payment of output tax liability only. E-Liability Register will reflect the total tax liability of a taxpayer for a particular tax period.
Debit to Electronic Credit Ledger and Credit to Electronic Liability Register
In the evolving environment of the new GST regime it is envisioned that the GST Suvidha Providers (GSP) concept is going to play a very important and strategic role.
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/
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.
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
This PPT explains all about the latest amendments in the GST regime. Under, valuation of supply, this topic covers the time of supply which is considered as as second aspect after place of supply.
Introduction
This PPT explains the complete procedure regarding the GST registration in India. It also explains the complete registration rules as per GST act. This presentation also covers practical aspects to the GST registration in India. If you want to get the GST registration online, then you are at the right place.
Brief Registration rules
1. Every person shall be liable to be registered under GST if the total turnover (including exempt supplies) crosses the of Rs.20 lakh in a financial year. However, for north eastern states, the turnover limit is Rs.10 lakh.
2. To be eligible for GST registration, the person must have a valid PAN number (passport in case of non resident).
3. The GST registration is taken from the place where supply is executed. E.g. Mr. A is selling goods from his godown in Laxmi Nagar Delhi, and then he is liable to take registration from Laxmi Nagar, Delhi.
4. Turnover for registration is to be calculated on all India bases and not on state wise.
E.g. if you have business one at Delhi and another is in Uttar Pradesh, then for GST registration the total combine turnover of Delhi and UP is to be taken.
5. Person must apply for GST registration within 30 days of becoming liable for GST registration.
6. If a person wants to add a branch outside the state, then he shall need to apply for another GST registration in the respective state.
7. A person registered under GST voluntarily shall need to comply with GST like any other registered person.
Mandatory Registration
Further, there are another categories of taxpayers who are required to take GST registration in India irrespective of the turnover, i.e. even if the person has Re.1 turnover, he needs to get GST registration if he falls under the categories of mandatory registration.
Kindly read the presentation to know the complete information and procedure about the GST registration.
About the Author
This presentation has been prepared by CA Paras Mehra, who is professionally associated with www.hubco.in, an online legal website which deals in online GST registration, GST return filing, Company registration, Nidhi Company registration, Compliances etc.
Types of Assessment in GST-
Self Assessment
Provisional Assessment
Scrutiny of Returns
Assessment of Non-filers
Assessment of Unregistered persons
Summary Assessment
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 chapter consists of basics of Goods and Service Tax, Tax Invoice; Credit and Debit Notes; E-Way Bill, Procedure for Generation of E-Way Bill; Accounts and Records; Electronic Cash Ledger, Manner of Utilization of Amount in Electronic Cash Ledger, Electronic Credit Ledger-Manner of Utilization of ITC, Electronic Liability Ledger-Order of Discharge of Tax and Other Dues.
An invoice is a commercial instrument issued by a supplier of goods/services to a recipient.
In GST, all invoices issued between the date of implementation of GST and the date of issuance of GST registration certificate will have to be reissued in the form of a revised invoice and have to be raised within a month of issuance of the registration certificate.
A supplementary tax invoice is an invoice that a taxable person issues if any deficiency is found in a tax invoice already issued by the said taxable person. A supplementary invoice is also known as a debit note.
The recipient who is registered under GST has to issue a payment voucher for the transactions(goods or services) on which reverse charge is applicable to the supplier. For example Ajay cashew house registered in Delhi had purchased cashew nuts from Vikram an agriculturist for Rs 100000 in Karnataka.
Rule 55 specifies the cases where at the time of removal of goods, goods may be removed on delivery challan and invoice may be issued after delivery. Issuance of Credit Note – Section 34(1)
Issuance of Debit Note – Section 34(3)
Details of Credit Note to be furnished in return – Section 34(2)
Details of Debit Note to be furnished in return – Section 34(4)
EWay Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in.
Registered Person – E-way bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a registered person. A Registered person or the transporter may choose to generate and carry eway bill even if the value of goods is less than Rs 50,000.
e-Cash ledger indicates the amount that has been paid by the taxpayer to the government. The amount in this ledger can be used to make payment of tax, interest, liability, fees and so forth.
e-Credit ledger or electronic credit ledger is maintained in the form GST PMT-02 on the GST Portal.
This ledger helps in tracking all the Input Tax Credit (ITC) claims made by the taxpayer. However, it shall be noted that any remaining amount in the e-Credit ledger can be used in making the payment of output tax liability only. E-Liability Register will reflect the total tax liability of a taxpayer for a particular tax period.
Debit to Electronic Credit Ledger and Credit to Electronic Liability Register
In the evolving environment of the new GST regime it is envisioned that the GST Suvidha Providers (GSP) concept is going to play a very important and strategic role.
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,
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.
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
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
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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
Presentation of Taxmann's Webinar on New GST Return System for Small Taxpaye...Taxmann
In this Webinar, Sunil Kumar & Deepali Mishra have shared an overview on the New GST Return System for Taxpayers effective from 01.01.2021, and its impacts on Indian Businesses.
Coverage of the Webinar:
1. Existing GST Return System
• Existing GST Return System
• Details of E-invoices in Form GSTR-1
2. All About Quarterly Return Monthly Payment (‘QRMP’) Scheme
• QRMP Scheme
• About Invoice Furnishing Facility (‘IFF’)
• Payment of Tax under QRMP Scheme
• Interest and Late Fees
• Due Dates under QRMP Scheme
• Manner of Availment and Non-Availment of scheme
• Illustrations on opting in and opting out
3. New GST Return System Small Taxpayers
• New Return System-Small taxpayers (QRMP Scheme)
4. GST Return System Other Taxpayers
• New Return System - Other Taxpayers
A brief on recent changes in GST post 22nd and 23rd meetings of the GST Council. Please note that this is purely for educational/guidance purposes, and holds no legal validity
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Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@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
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @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.
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
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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
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
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
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
2. z Returns to be filed
by:-
Composition
Tax Payers
normal
taxpayers
Non-
Resident
Taxpayer
Input Service
Distributor
A Tax
Deductor
E-Commerce
Portal
~By Dheeraj Mundra (UPACA’in)
3. z
1)Types of GST Returns to be filed by
normal taxpayers
The taxpayer records all his outward supplies of goods and
services in details in this form. This has to be mandatorily done
by the 10th of the next month. This will form the basis of all
future flow and match for credit reconciliations. GSTR-1 is a
detailed form containing 13 different heads
GSTR-1
~By Dheeraj Mundra (UPACA’in)
4. z
This form is the culmination of all inward supplies of goods and
services as approved by the recipient of the services. The due
date is 15th of the next month. It is auto-populated with the
details of GSTR-2A
GSTR-2
~By Dheeraj Mundra (UPACA’in)
5. z
It is available on the 11th of the next month for the recipients to
see and validate the information therein. Recipients have time
between 11th – 15th of the next month to change any information,
delete or add, based on their books of accounts
GSTR-2A
GSTR-1A
The form shall be auto-populated after filing of GSTR-2 on the
15th of the next month, having all the correct or changed
information. The supplier shall have the choice to accept or
reject the changes made by the recipient. Following such
acceptance, the GSTR-1 shall be revised to such extent
~By Dheeraj Mundra (UPACA’in)
6. z
This form is auto prepared by 20th of the next
month. It will have the details of all outward as well
as inward supplies of goods and services as
furnished in GSTR-1 and GSTR-2. After considering
both the details, GSTN will determine your input tax
credit availability or the amount of tax payable.
GSTR-3
~By Dheeraj Mundra (UPACA’in)
7. z
This is the annual return, which the taxpayer has to file by 31st
December of the coming financial year. It is nothing but the
accumulation of all 12 monthly GSTR-3 of the taxpayer. It would
also include the amount of tax paid during the year, including
details of exports or imports.
GSTR-9
Note:-
Apart from the above forms, the Government shall serve those
taxpayers who fail to furnish the returns on time, notice in Form
GSTR-3A.
After the GSTR-3 is fully accepted for the month, then final input tax
credit shall be communicated through form GST ITC-1. The details of
ITC-1 has to be confirmed in due time to get the credit for that month. If
the same is not done in due time, then it will disallow the credit for the
month and will be computed as a tax liability for the month instead.
~By Dheeraj Mundra (UPACA’in)
8. z
2) Returns to be filed by Composition
Tax Payers
Similar to the GSTR-2A above, GSTR-4A is generated
quarterly for composition scheme taxpayers. It has the details
of the inward supplies as reported by suppliers in GSTR-1.
GSTR-4A
GSTR-4
With the auto-populated details of GSTR-4A, the taxpayer can
furnish all his outward supplies here. The due date is 18th of the
following month and has to be filed quarterly. It also contains the
details of tax payable and payment of tax
~By Dheeraj Mundra (UPACA’in)
9. z
This is the annual return for all composition tax
payers. It has to filed by 31st December of the coming
financial year and includes all the quarterly returns
filed by the composition tax payer.
GSTR-9A
~By Dheeraj Mundra (UPACA’in)
10. z
Who is composition tax payer?
Small taxpayers with an aggregate turnover in a preceding
financial year up to Rs. 50 lakhs shall be eligible for
composition levy. Under the scheme, a taxpayer shall pay tax
as a percentage of his turnover in a state during the year
without the benefit of ITC. The rate of tax for CGST and
SGST/UTGST shall not be less than 1% for manufacturer &
0.5% in other cases; 2.5% for specific services as mentioned
in para 6(b) of Schedule II viz Serving of food or any other
article for human consumption.
A tax payer opting for composition levy shall not collect any
tax from his customers.
~By Dheeraj Mundra (UPACA’in)
11. z
3) Returns to be filed by Foreign Non-
Resident Taxpayer
This is a detailed form containing the particulars of
outward supplies, imports, tax paid, input tax availed
and remaining stock. This has to be filed monthly
within 20th of the next month or if the registration is
given up, then within 7 days of such surrender or
expiry of registration.
GSTR-5
~By Dheeraj Mundra (UPACA’in)
12. z
Who is a non – resident taxable person?
In terms of Section 2(77) of the CGST/SGST Act, a
non-resident taxable person means any person
who occasionally undertakes transactions involving
supply of goods and/or services whether as
principal or agent or in any other capacity, but who
has no fixed place of business or residence in India.
~By Dheeraj Mundra (UPACA’in)
13. z
4) Returns to be filed by an Input
Service Distributor
This form will be generated by 11th of next month after the
suppliers have filed their GSTR-1 on 10th of the next month. It
will be auto-populated with the details of inward supplier made to
them. It has to be filed on a monthly basis by the ISD.
GSTR-6A
GSTR-6
Once the details are confirmed or corrected by the ISD, then
GSTR-6 will be generated. It has to be filed by the ISD by 13th of
the next month. This is also a monthly filing.
~By Dheeraj Mundra (UPACA’in)
14. z
Who is an input service distributor?
According to Section 2(61) of the CGST/SGST Act, It
is basically an office meant to receive tax invoices
towards receipt of input services and further
distribute the credit to supplier units (having the
same PAN) proportionately.
~By Dheeraj Mundra (UPACA’in)
15. z
5) Returns to be filed by a Tax
Deductor
Details of the tax deductions made during the month has to be
furnished here. The due date is 10th of the next month
GSTR-7
GSTR-7A
This is a TDS certificate, which is auto-generated upon filing the
GSTR-7 by the tax Deductor. It will be available for the
assessee’s to download and keep record of. It will contain
details of the tax deducted and the total amount of payment
made.
~By Dheeraj Mundra (UPACA’in)
17. z
What is TDS?
TDS stands for Tax Deducted at Source (TDS). As per section 51, this
provision is meant for Government and Government undertakings
and other notified entities making contractual payments where total
value of such supply under a contract exceeds Rs. 2.5 Lakhs to
suppliers. While making any
payments under such contracts, the concerned Government/authority
shall deduct 1% of the total payment made and remit it into the
appropriate GST account.
What is TCS?
TCS stands for Tax Collected at Source, This provision is applicable only for
E-Commerce Operator under section 52 of CGST/SGST Act. Every E-
Commerce Operator, not being an agent, needs to withhold an amount
calculated at the rate not exceeding 1% of the “net value of taxable
supplies” made through it where the consideration with respect to such
supplies is to be collected by the operator. Such withheld amount is to be
deposited by such E-Commerce Operator to the appropriate GST account by
the 10th of the next month. The amount deposited as TCS will be reflected in
the electronic cash ledger of the supplier.
~By Dheeraj Mundra (UPACA’in)
18. z
6) Return to be filed by an
E-Commerce Portal
This return shall contain all the supplies made by the E-
Commerce seller and the amount of tax collected as well. It has
to be filed by 10th of the next month.
GSTR-8
GSTR-9B
For those assessee’s whose annual turnover exceeds INR 1
Crore, then a reconciliation statement in Form GSTR-9B has to
be filed by 31st December of the next fiscal year. It has to be
filed annually and is basically an audited annual accounts, duly
certified by competent authority.
~By Dheeraj Mundra (UPACA’in)
19. z
Where the assessee is a Government body or a United Nations
Body, then a monthly Form GSTR-11 has to be filed by 28th of
the next month. These bodies have a UIN (Unique
Identification Number) and hence will be required to furnish the
details of inward supplies.
GSTR-11
GSTR-10
Where a taxable person’s registration has been surrendered
or cancelled, then a final return in Form GSTR-10 has to be
filed within 3 months of such cancellation or registration. It will
declare the input tax credit and capital goods held by the
taxpayer, tax payable and paid at such time.
~By Dheeraj Mundra (UPACA’in)
20. z
Who is an E-Commerce Operator?
Electronic Commerce Operator has
been defined to mean any person who
owns, operates or manages digital or
electronic facility or platform for
electronic commerce.
~By Dheeraj Mundra (UPACA’in)
21. z Payment Challans
PMT-1: An online tax liability register arising out of return or non-
return related liabilities of the taxpayer.
PMT-2: Credit balance online as in GSTN
PMT-2A: Re-credit addition to the GSTN balance of a taxpayer
PMT-3: Online cash ledger
PMT-4: Challan for payment of GST
PMT-5: Payment register for unregistered taxpayers
PMT-6: Application for claiming missing credit
~By Dheeraj Mundra (UPACA’in)
22. z
Note:-
Where it is found that there is an excess
credit available in the account of a taxpayer,
then the taxpayer has an option to claim
refund of such excess credit within prescribed
time.
The main form is RFD-01 where the
application for refund is made.
~By Dheeraj Mundra (UPACA’in)
23. z
Return For Due Date
GSTR 1
Details of outwards supplies of
goods or services
10th of the next month
GSTR-1A
Details of auto drafted supplies
of goods or services
15th of the next month
GSTR 2
Details of inward supplies of
goods or services
15th of the next month
GSTR-2A
Details of supplies auto drafted
from GSTR-1 or GSTR-5 to
recipient
11th – 15th of the next month
GSTR 3
Monthly return (other than
compounding taxpayer and ISD)
20th of the next month
GSTR-3A Notice to return defaulter u/s 46 N.A
Summary Table
~By Dheeraj Mundra (UPACA’in)
24. z
GSTR 5A
Details of supplies of online
information and database access
or retrieval services by a person
located outside India made to
non-taxable persons in India
GSTR 6
Return for Input Service
Distributor (ISD)
13th of the next month
GSTR-6A
Details of supplies auto drafted
from GSTR-1 or GSTR-5 to ISD.
11th of next month
GSTR 7
Return for Tax Deducted at
Source
10th of the next month
GSTR-7A TDS Certificate
GSTR 4
Quarterly return for registered
persons opting composition
levy
18th of the month next to
quarter
GSTR-4A
Auto drafted details for
registered persons opting
composition levy
N.A
GSTR 5
Return for Non Resident
Taxable Persons
20th of the next month
~By Dheeraj Mundra (UPACA’in)
25. z
GSTR 10
Registration has been
surrendered or cancelled
GSTR 11
assessee is a Government
body or a United Nations
Body
28th of the next month
GSTR 8
Statement for Tax Collection at
Source
10th of the next month.
GSTR 9 GST Annual Return By 31st December of next FY
~By Dheeraj Mundra (UPACA’in)
