Every registered person, other than an input service distributor, a person paying tax under sec 51 or sec 52, a casual taxable person and a non-resident taxable person, shall furnish returns monthly
GSTR-1 : 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.
GSTR-2A: 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-3B: 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-9: 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.
No, a person without GST registration can neither collect GST from his customers nor can claim any input tax credit of GST paid by him.
A registered person will have to file returns either monthly (normal supplier) or quarterly basis.
The special feature of GSTR-2 is that the details of supplies received by a recipient can be auto populated on the basis of the details furnished by the counterparty supplier in his GSTR-1.
GST will be managed through the GST Network, GSTN - http://gstn.org/. All taxes will be paid online and there will be no manual filing of returns. Post generation of challan online, you can pay GST by one of the following modes - Axis Debit/credit card, Axis Internet Banking or cash/cheque at any Axis Bank branch.
No, GST is a consumption based tax. Because the place of consumption is outside India there is no GST on exported goods and services.
The list of exempt goods and services includes (but is not limited to) petroleum products, entertainment and amusement, alcohol/liquor for human consumption, stamp duty, customs duty, and electricity.
PAN is mandatory to apply for GST registration.
GSTR-3B once filed cannot be revised. Adjustments, if any, has to be done subsequently when you file GSTR-1, 2 & 3 for the same tax period.
No, you cannot reset GSTR-3B.
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