Good and Services Tax (GST) has replaced and simplified the indirect taxation process in India. One of the major motives of introducing GST was to have a single tax in the entire nation. GST is governed by the Goods and Services Tax Act that was passed in 2017. It was passed on 29th March, 2017 and was implemented nationwide on 1st July, 2017.GST Compliance covers comply with provision of IGST Act, CGST Act, SGST Act and also filing of returns applicable on “taxpayer” by due dates. Timely complying the GST law is of utmost important for the businesses as it brings lot of credibility amongst its customers and vendors.
| S.No | Clause | Content |
|---|---|---|
| 1 | Normal Taxpayer | The person registered under GST as regular or normal taxpayer. |
| 2 | Composite Taxpayer | Composite taxpayer means who registered as a composite taxpayer at the time of registration under GST. |
| 3 | Tax Deductor | Department, Establishment of the government or any person notified by the government. |
| 4 | E-Commerce Operator | Who owns, Operates or manages any electronic facility for electronic commerce like Amazon, Flipkart etc. |
| 5 | Turnover | Value of Taxable Supplies except inward supplies liable under Reverse Charge Mechanism+ Exempt Supplies+ Export of Goods. |
| Return | Frequency | Due Date |
|---|---|---|
| GSTR-1 | Monthly/Quarterly i.e taxpayer having turnover upto 1.5cr may file return quarterly | In case of Monthly: 11th of the next Month. In case of Quarterly: 30th of the next month after quarter ending |
| GSTR-3B | Monthly | 22nd to 24th of the next month depend upon the state in which taxpayer registered. |
| CMP-08 | Quarterly | 18th of the next month succeeding the quarter. |
| GSTR-5 | Monthly | 20th of the Next Month |
| GSTR-6 | Monthly | 13th of the Next Month |
| GSTR-7 and GSTR-8 | Monthly | 10th of the Next Month |
| GSTR-9 and GSTR-9C | Yearly | GSTR-9 need to file before 31st Dec of next FY. GSTR-9C need to be file along with GSTR-9 |
| GSTR-10 | At the time of cancellation of registration | Within 3 months from the date of cancellation |
| GSTR-11 | Monthly | 28th of the Next Month |
| Return Type | Details Required |
|---|---|
| GSTR-1 | Detail of all outward supplies, Credit Notes, GSTN wise in case of supply made to registered person and state wise in case of supply made to unregistered person. |
| GSTR-3B | Monthly summary of Outward Supplies, Inward supply liable to RCM, ITC available and tax payment if needed. |
| CMP-08 | Summary of Outward Supplies made during the quarter and self assessed tax liability on the same along with payment. |
| GSTR-5 | Detail of all outward supplies, Credit Notes, GSTN wise in case of supply made to registered person and state wise in case of supply made to unregistered person. |
| GSTR-6 | Total ITC available for Distribution and manner of distribution and units to whom ITC distributed. |
| GSTR-7 | Amount of Supply made, TDS deducted on the same, percentage of TDS deducted, Payment detail of the TDS deducted deposit. |
| GSTR-8 | Amount of supply made through E-Commerce operator GSTN wise, detail of TCS charged on that, payment detail of TCS. |
| GSTR-9 | Summary of All turnover made during the year into B2B, B2C, RCM, Export, Exempted, Credit notes, Debit notes and Advances received and treated them in GST, ITC available and declared in 3B vs available in GSTR-2A, Transaction of Previous FY declared in next FY etc. |
| GSTR-9C | Audited Financial of the year, Audited reconciliation of Books of Accounts vs GSTR-9 filed and reason for difference if any. |
| GSTR-10 | Application Reference number of cancellation of GSTN, date of cancelation and detail of closing stock held on date of cancellation along with ITC detail on same. |
| GSTR-11 | UIN held by registered person, Detail of inward supply on which refund is to be claim by UIN holder. |
The taxpayer need to login and fill the detail as discussed above in respective tables like GSTN wise outward supply for GSTR-1 and GSTR-5 as the case may be, Monthly Outward and ITC summary in GSTR-3B, Quarterly Outward summary in CMP-08, and yearly GST Summary in GSTR-9.
The taxpayer need to login and file through return dashboard the GSTR-6 and fill the total input available in table no 4, eligible ITC in next table, Distributed ITC in the next one and lastly other detail about ITC in respective table.
The taxpayer need to file return by login and go through return dashboard. Put the detail of supply made in the table and TDS/TCS as the case may be in respective table.
This return need to file by a CA and this can only be filed through government utility or any software available in market. There shall be many tabs of excel of different details and we need to put the details in those tabs and lastly file by attaching DSC and Signed Financial.
The personal detail of the taxpayer and cancellation detail shall be filled in respective table along with value of closing stock and ITC on that.
The detail of Inward supply and the ITC on that shall be filled in the tables along with GST no of supplier.
Yes, in such a casebusiness need to file NIL return.
No you can’t revise the return once filed, you can incorporate the changes in the next month return.
Yes, but in case you have added GST practitioner in your profile then the practitioner can also file the return.
No you can’t amend the GSTR-2A, you can ask your vendor to upload the bill of yourself and then you will be able to see that detail in your GSTR-2A.
Yes, GST is applicable to all the businesses involved in trading, manufacturing, service providers or exporters.
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