Types Of GST Returns Ahmedabad .9426497770 /079-40099917

Types Of GST Returns

India is heading towards its biggest tax reforms ever. The whole World is watching this roll out, as the World 3rd largest economy is moving towards a destination based tax-reporting structure. Every transaction has to be reported through the last mile with a common invoice, identifiable to the seller and recipient of goods and services.

The GST Council and the Ministry of Finance have come up with a great solution to record all such invoices in one place and collate data for the taxpayer. The processes have been simplified, and many taxes have been removed. The whole nation shall report using the same structure irrespective of where and how you carry your business.

A widespread IT system has been deployed by the Ministry to cope up with such a huge influx of data. It is called the GSTN (Goods and Service Tax Network) that will house all the information of sellers and buyers together, collaborate the details submitted and even maintain 3 registers for you for future reference and anytime reconciliation.

In this article, we’ve explained various types of GST Returns, who should file GST returns online, the format of GST return, the process of filing GST return and much more..

Understanding the GST Returns

For properly updating the invoices, Indian taxpayers and businesses have to file certain returns with the Government. These returns have to be mandatory filed as any non-compliance towards

Types of GST Returns to be filed by normal taxpayers

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 (GSTN is frequently changing the due date of filing GSTR1. So, keep checking announcements).

This will form the basis for all future flow and match for credit reconciliations. GSTR-1 is a detailed form containing 13 different heads. The critical headings are:

• GSTIN of the Taxable Person – Auto-populated result
• Name – Auto-populated result
• Gross Turnover in Last Financial Year – This has to be filed only once. From next year onwards, this field will be auto-populated
• The Period for which the return is being filed – Month & Year shall be available as a drop-down for selection
• Taxable outward supplies – Here, IGST shall be filled only in the case of inter-state movement whereas CGST and SGST shall be filled in case of intra-state movement. Moreover, details of any exempted sales or sale at nil rate of tax shall also be mentioned here
• Outward Supplies to end customer, where the value exceeds Rs. 2.5 lakhs – Other than mentioned, all such supplies are optional in nature
• Any other supplies not covered in above 2 sections
• Debit Notes or Credit Notes Details
• Amendments to the details of any outward supplies of previous periods – This does not cover any changes by way of debit/credit notes
• Exempted, Nil-Rated and Non-GST Supplies – This is a Non-GST section. When the details of exempted sales or nil-rated sales have already been mentioned anywhere above, then only Non-GST shall be filled up here
• Export Sales
• Tax Liability arising out of advance receipts
• Tax Paid

Learn how to file GSTR-1

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.

Update as on April 2018: GSTR-2A has been kept on hold by GSTN.

GSTR-2

This form is the culmination of all inward supplies of goods and services as approved by the recipient of the services. The due date is 15th of the next month. It is auto-populated with the details of GSTR-2A. GSTR-2 shall include the following heads:

• GSTIN of the Taxable Person – Auto populated result
• Name – Auto populated result
• The Period for which the return is being filed – Month & Year shall be available as a drop-down for selection
• Details of all inward supplies – Auto populated with the details of GSTR-1. The taxable person can make any further addition or changes to the invoice here
• Changes to the inward supplies made for any previous period
• Import of Goods – Imports are treated as Inter-state supply and IGST shall be applicable on the same
• Import of Goods in earlier periods
• Services received from a person outside India (Import of Services)
• Import of Services in earlier periods
• Debit notes or Credit notes Details
• Amendments made to Debit or Credit notes of previous periods
• Inward supplies emanating from Unregistered persons
• Credits received from an Input Service Distributor – Auto populated from details of GSTR-6
• TDS credit from specified persons – Auto populated from details of GSTR-7
• TCS credit from E-Commerce operators – Auto populated from details of GSTR-8
• Input Tax Credit remaining to be taken against an invoice, from which initially a partial invoice was taken
• Reverse Charge tax liability
• Amendment to such reverse charge tax liability
• Tax Paid
• Input Tax Credit Reversals – A dropdown containing reasons for such reversals shall be made available
• Amendments to such Input Tax Credit Reversals

Learn more about GSTR-2 Return Filing

Update as on April 2018: GSTR-2 has been kept on hold by GSTN.

તમને જો નીચે પ્રમાણે ની કોઈ સેવાઓની  જરૂરિયાત હોય, તો  મેહરબાની કરીને અમારો  સંપર્ક કરવા વિનંતી  ઘર બેઠા સર્વિસ આપવામાં આવશે

1. Gumasta ધારા (દુકાનો અને મહેકમ) લાઈસન્સ & નવીકરણ
2. નોટરી / સોગંદનામું
3. જન્મ પ્રમાણપત્ર
4. લગ્નની નોંધણી / લગ્નનું પ્રમાણપત્ર
5. પાસપોર્ટ તાજા, નવીકરણ, મુખ્ય નાના
6. નામ ટ્રાન્સફર વીજળી , મ્યુનિસિપલ કોર્પોરેશન, ગેસ એજન્સી
7. પાન કાર્ડ નવા / કરેક્શન
8. gst return filing (through C A)
9. આવકવેરા રીટર્ન
10. કાનૂની દસ્તાવેજો સુધારાઓ
11. મની લોન્ડરિંગ લાયસન્સ
12. આરોગ્ય લાઇસન્સ
13. વ્યાવસાયિક કર
14. નિકાસ આયાત લાઈસન્સ
15. ડ્રાઇવિંગ લાયસન્સ, નવીકરણ, આંતરરાષ્ટ્રીય
16. મિલકત, બેંક, સરનામાં ટ્રાન્સફર માટે અરજી
17. વેચાણ કરાર, વેચાણ ખત

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