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GST RETURNS

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Each Taxpayer registered under GST Act has to provide its sale/purchase related data to GST Department at given period of time as per Law.

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Q. WHAT IS GOODS & SERVICE TAX RETURNS ?

Each Taxpayer registered under GST Act has to provide its sale/purchase related data to GST Department at given period of time as per Law.

Q. WHAT ARE THE DIFFERENT TAX  RETURNS IN GST ?

  1. GSTR – 1: Return for Outward Supplies
  2. GSTR – 2: Return for Inward Supplies
  3. GSTR – 2A: Read Only Document
  4. GSTR – 3B: Summary of Inward and Outward Supplies
  5. GSTR – 4: Return For Composition Dealers
  6. GSTR – 5: Return For Non-Resident Taxable Persons
  7. GSTR – 6: Return For Input Service Distributors
  8. GSTR – 7: Return For Taxpayers Deducting TDS
  9. GSTR – 8: Return For E-Commerce Operators Collecting TCS
  10. GSTR – 9: Annual Return For Normal Registered Taxpayer Under GST
  11. GSTR – 9A: Annual Return For Composition Dealers
  12. GSTR – 9B: Annual Return For E-Commerce Operators Collecting TCS
  13. GSTR – 9C: Return For Registered Persons Getting Accounts Audited From CA
  14. GSTR – 10: Return For Registered Person Whose GST Registration Gets Cancelled
  15. GSTR – 11: Return For UIN (Unique Identification Number) Holders.

Q. Who Needs To File GSTR-1?

Every normal registered taxpayer under GST is required to file GSTR-1 each month. This return showcases details of 1) invoices, 2) debit notes, 3) credit notes and 4) revised invoices issued pertaining to your outward supplies.

Q. Who Needs To File GSTR-2?

Every normal registered taxpayer under GST is required to provide details regarding inward supplies or purchases made for each month in GSTR-2. This return showcases details with regards to purchases made from registered and unregistered taxable persons, debit notes and credit notes issued with respect to the inward purchases etc.

Hence, the recipient makes use of the details auto-populated in Form GSTR-2A with details uploaded by supplier in GSTR-1. The recipient makes necessary changes if required in GSTR-2 after verifying the information auto-populated in GSTR-2A.

Q. Who Needs To File GSTR-2A?

GSTR-2A is made available to every normal registered taxpayer filing return under GST. This is because it is a read only document that gets auto-populated with details uploaded by supplier in GSTR-1.

Q. Who Needs To File GSTR-3B?

Every normal registered taxpayer filing GST Returns is required to file GSTR-3B. GSTR-3B is also filed during the tax periods for which the tax liability is zero. That is, a taxpayer needs to file a Nil Return in case there are no outward or inward transactions during a particular month.

Q. Who Needs To File GSTR-4?

The Composition Scheme was introduced under GST in order to reduce the compliance burden on small taxpayers. Every registered taxpayer opting for Composition Scheme is required to file quarterly return in GSTR-4.

Q. Who Needs To File GSTR-5?

Unlike a normal registered taxpayer, a non-resident taxable person is required to File monthly return in For GSTR-5. A non-resident taxable person means a person who supplies goods or services occasionally. This person does not have a fixed place of business or residence in India. Moreover, he can supply goods or services either as a principal or an agent or in any other capacity.

Q. What is GSTR-6A?

GSTR 6A is an auto drafted, read only form. This form is generated automatically based on the details furnished by the suppliers of an ISD in form GSTR 1. This form contains details pertaining to the supplies against which credit is received for distribution. It also includes the details pertaining to the debit notes and credit notes received during the current tax period.

Q. What is GSTR-7A?

GSTR-7A is an auto-generated form. The form gets generated once the deductor furnishes details in Form GSTR-7 on the common portal. If the details furnished by the deductor are accepted by the deductee, then a TDS certificate is made available to the deductee electronically.

Q. Who Needs To File GSTR-8?

GSTR 8 is a monthly return furnished by every electronic commerce operator who is required to deduct Tax Collected at Source under GST. This return reflects details of the supplies made through e-commerce portal and the amount of tax collected from suppliers of goods and services. Furthermore, the operator can also make changes to the details of supplies furnished in any of the earlier period statements.

Q. Who Needs To File GSTR-9?

Section 44(1) requires that:

Every registered person shall furnish electronically an annual return for every financial year in the prescribed form, except the following:

  • Input Service Distributor
  • Person paying tax under section 51 or section 52,
  • Casual taxable person
  • Non-resident taxable person

Furthermore, persons registered under GST but having no transactions during the year are still required to file a Nil Annual Return.

Q. Who Needs To File GSTR-9A?

GSTR 9A is the annual return that every registered person opting for composition levy needs to file every financial year. This return is in addition to the quarterly returns filed by a composition dealer during a financial year. Thus, GSTR 9A is an annual return filed by a composition dealer containing details that relate to the quarterly returns filed by him during the year. This return contains details with regards to supplies made by the taxpayer during the year under composition scheme. These details include:

  • inward and outward supplies,
  • tax paid,
  • input credit availed or reversed,
  • tax refunds,
  • late fee etc

Q. Who Needs To File GSTR-9B?

Every electronic commerce operator required to collect tax at source under section 52 shall furnish annual statement in FORM GSTR -9B. This return includes all the information furnished by the e-commerce operators in the monthly returns filed during the financial year.

Q. Who Needs To File GSTR-9C?

Every registered person having an aggregate turnover of more than Rs. 2 crores during a financial year must get his accounts audited by a CA or cost account. Furthermore, he needs to submit the annual return, a copy of the audited accounts and a reconciliation statement. This reconciliation statement is in Form GSTR 9C. So basically, GSTR 9C is a reconciliation statement reconciling value of supplies declared in annual return with the audited annual accounts.

Q. Who Needs To File GSTR-10?

GSTR-10 is a final return required to be filed by a registered person whose GST Registration gets cancelled. Such a registered person does not include:

  • Input Service Distributor
  • Person paying tax under composition scheme
  • Non-resident taxable person
  • Person collecting TDS or TCS

Further, Form GSTR-10 is filed electronically through the common portal either directly or via a facilitation centre as prescribed by the Commissioner. The intent of filing this final return is to make sure that the taxpayer pays of any liability outstanding. This liability may include an amount equivalent to the amount that is higher of:

  • input tax related to stock of finished and semi-finished goods, capital goods or plant and machinery or
  • output tax payable on such goods.

Q. Who Needs To File GSTR-11?

GSTR-11 is a return to be furnished by a person who has been allotted a Unique Identification Number (UIN). UIN is issued so that the registered person obtaining the same can claim refunds for GST paid on goods and services purchased by them in India.

Q. Due Dates for Various GST returns?

  • GSTR-1: The standard date for filing GSTR-1 is 10 days from the end of the month for which such a return is to be filed.
  • GSTR-2: The process of making changes and filing GSTR-2 is required to be undertaken between 11th and 15th day of the succeeding month for which return is to be filed.
  • GSTR-2A: GSTR-2A is a read-only document used by the recipient to match the details uploaded by the supplier in GSTR-1.
  • GSTR-3B: The GSTR-3B must be submitted by the 20th of the month succeeding the tax period for which GST is filed. In case no transactions have been undertaken in a particular month, the registered person needs to file a NIL return for that period.
  • GSTR-4: The due date for filing GSTR-4 is 18th of every month following the quarter for which such a return needs to be filed.
  • GSTR-5: The details in GSTR 5 need to be filed within a time period that is earlier of:
    • within 20 days after the end of the calendar month or within
    • 7 days after the last date of validity of the registration.
  • GSTR-6: GSTR-6 needs to be filed on the thirteenth day of the month succeeding the month for which tax is to be paid.
  • GSTR-7: GSTR-7 is required to be filed by the deductor within 10 days after the end of the month in which the deduction was made.
  • GSTR-8: The last date to file GSTR 8 is the 10th day of the month succeeding the month for which TCS is to be collected.
  • GSTR-9: Such a return needs to be furnished on or before the 31st day of December following the end of such financial year.
  • GSTR-9A: The due date to file GSTR 9A is on or before December 31 succeeding the close of a particular financial year for which the return needs to be filed.
  • GSTR-9B: All the e-commerce taxpayers are required to file GSTR-9B on or before 31st December following the close of the financial year.
  • GSTR-9C: The due date for filing GSTR-9C is the same as that for filing annual returns in GSTR-9. Hence, GSTR-9C shall be submitted on or before 31st December of the year subsequent to the relevant FY under audit.
  • GSTR-10:The registered person whose GST Registration has been cancelled is required to file final return in Form GSTR-10 within a period which is later of:
    • 3 months from the date of cancellation or
    • Date of order of cancellation
  • GSTR-11: The due date for filing GSTR-11 is 28th of the month succeeding the month in which inward supplies are received by the UIN holders.

 

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