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CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration. CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

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Notification's

indirect-taxes

The Goods and Services Tax (GST) Act, 2017 has replaced many indirect taxes that were previously levied in India. Under this Act, there are several types of GST returns that need to be filed by businesses registered under GST.

Summary of the various types of GST returns and their filing requirements:
  1. GSTR-1: This return is used for reporting outward supplies made by businesses in a particular month. It is required to be filed by all registered taxpayers, except for those who are registered under the composition scheme. GSTR-1 must be filed on a monthly/quarterly basis, by the 11th day of the subsequent month/quarter.
  2. GSTR-2A: This is an auto-generated return, which reflects the inward supplies received by a taxpayer. It is generated based on the information uploaded by the suppliers in their GSTR-1 return. It is available for viewing on the 12th day of the subsequent month, and taxpayers can use it to verify and reconcile their purchase details.
  3. GSTR-3B: This is a summary return, which needs to be filed by all registered taxpayers, except for those who are registered under the composition scheme. It is used for reporting the summary of outward supplies, inward supplies, and input tax credits for a particular month. It needs to be filed by the 20th day of the subsequent month.
  4. GSTR-4: This return is required to be filed by taxpayers who are registered under the composition scheme. It is a quarterly return, which needs to be filed by the 18th day of the month following the end of the quarter.
  5. GSTR-5: This return is used for reporting the details of outward supplies made by Non-Resident Foreign Taxpayers (NRFTs) in a particular month. It needs to be filed by NRFTs, by the 20th day of the subsequent month.
  6. GSTR-6: This return is used for reporting the details of inward supplies received by Input Service Distributors (ISDs) in a particular month. It needs to be filed by ISDs, by the 13th day of the subsequent month.
  7. GSTR-7: This return is used for reporting the details of tax deducted at source (TDS) in a particular month. It needs to be filed by taxpayers who are required to deduct TDS under GST, by the 10th day of the subsequent month.
  8. GSTR-8: This return is used for reporting the details of tax collected at source (TCS) in a particular month. It needs to be filed by taxpayers who are required to collect TCS under GST, by the 10th day of the subsequent month.
  9. GSTR-9: This is an annual return, which needs to be filed by the registered taxpayers having an annual turnover of more than Rs. 2 Cr., except for those who are registered under the composition scheme. It is used for reporting the summary of all outward and inward supplies, input tax credits availed, and taxes paid for a particular financial year. It needs to be filed by the 31st day of December of the subsequent financial year.
  10. GSTR-9A: This is an annual return, which needs to be filed by taxpayers who are registered under the composition scheme. It is used for reporting the summary of all outward and inward supplies, input tax credit availed, and taxes paid for a particular financial year. It needs to be filed by.

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