Every person registered under Goods and Service tax (GST) has to mandatory file GST returns irrespective of turnover or transactions.Return indicate total transaction made under particular GST number i.e. sales made by a taxable person, input tax credit taken. Payment of GST is only possible by way of filling GST returns.
It is a self declaration summary return for all input and output taxable supplies for a month and tax levievable for that month which has to be filed on or before 20th day of next month
It includes details of the outward supplies of sales of goods or services by the taxpayer and includes advances received for a supply also which has to be filed on or before 10th day of next month.
It includes details of the inward supplies or purchases of goods or services by the taxpayer and includes imports of goods and services also which is deferred till June 2018.
It is a combined version of GSTR-1 and GSTR-2 which includes payment of taxes under various heads of CGST,SGST and IGST and taxpayer will have have the option of claiming a refund of excess payment or to carry forward the credit.
Non resident tax payers
Return of Input Service Distributor
Return for TDS
Return of E-commerce operator
It is applicable for a taxpayer who has opted for composition scheme i.e. who has required to pay tax at fixed rate and it includes details of total value of consolidated supply made during the period of return.
It is a annualised return which captures the details of all income and expenditure for the period and has to be filed on or before 31st december of every year
It is a return filed for Inputs held in stock,semi-finished goods and capital goods within 30 days from the date when he becomes liable to registration under this act
It is a return filed for transfer of business under GST for transferring the unutilized input tax credit to the electronic credit ledger of the transferee
It is a return filed for transfer of business under GST for transferring the unutilized input tax credit to the electronic credit ledger of the transferee
It is a return filed by the principal for goods dispatched to job worker or received from a job worker or sent from one job worker to another for each quater for a financial year
Submit the required documents and details over email.
Taxme representative will cordinate with you.
Our experts will analyze the data
Calculation of tax liability ( 1 day)
Taxme representative will cordinate with you for payment of taxes and confirmation of filing the return
Our experts will file the return and return copy will be emailed
Yes. GST Returns must be filed according to the GST law. GST return filing is mandatory, irrespective of whether or not any transaction has been recorded in a month. In case of non-filing of nil GST Returns, a late fee of ₹100 per day will be chargeable till such delay continues.
No. It purely depends upon 2 factors whether you need to upload all invoices while GST return filing-
In case of B2B supply, all invoices shall be uploaded, regardless of Intra-state or Inter-state supply. Only then, the Input credit can be claimed by the recipient business.
In case of B2C supply, invoices, may not be required as the customers shall not take Input credit.
Any amendment or revision in a GST return filing is recorded in rectification return.
To record an amendment or revision in a GSTR-1 Form GSTR-1A shall be filed.
In any case, the maximum penalty payable for non-filing of GST return being filed is set at ₹5,000 by the Government.
All taxpayers having annual turnover beyond 5 crores needs to file Monthly GSTR-1 till 10th of every month.
In case of cancellation of GST registration, Final return GSTR-10 has to be filed. The Form GSTR-10 has to be filed within 3 months after the GST cancellation
In case of failure to file final GST return,
No, both savings and current accounts can be provided for getting registered under GST.
Sure why not, you can start a business from your home. You just need to provide proof of your residential address for getting registered for GST.
This is the most common question business doers are facing these days, you need to raise GST invoices with respect to every sale transaction and requires filing monthly/quarterly returns
Yes, from the very moment you get GST registration certificate, you need to charge GST from your customers.
No, you need single GST registration if you are supplying goods from single state to all over India. If you are supplying goods from 2 or more states then you require registering under GST of all such states.
The process of converting from the old service account to GSTN through GST registration is as follows-
#1.Login to CBIC Portal.
#2.Receive the Provisional id and password.
#3. Create the new user id and password on the GST portal.
#4. Enter all your business details along with the promoter details and the business address, Bank details and upload the required documents on the GST portal.
#5. Finally, verify with the DSC or Aadhar generated EVC.
GST Composition Scheme is an easy scheme made for the small taxpayers to reduce the compliance burden. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover.Any business having an annual turnover less than ₹2 Crore* can opt for composition scheme under GST registration application.
*For Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim and Himachal Pradesh the above threshold limit is ₹1 Crore.
Advantages of GST Composition scheme
ARN stands for Application Reference Number. It is the conclusive proof of successful submission of the application to the GST servers. It is generated after the TRN (Temporary Reference Number) & uploading of requisite documents
Principal Place of Business is the primary location within the State where a taxpayer’s business is performed. The principal place of business is generally where the business’s books of accounts and records are kept and is often where the head of the firm or at least top management is located..
HSN stands for Harmonized System of Nomenclature which is internationally accepted product coding system to maintain uniformity in the classification of goods. Service Accounting Codes (SAC) are adopted by the Central Board of Excise and Customs (CBEC) for identification of the services
No, In case of private limited company, LLP, OPC, and partnership firm you can not change the name and other details however in case of sole proprietorship firm it is possible to change the business trade name
Yes, Digital Signature Certificate is required if you are Private limited, Public limited, LLP or One Person Company