GST (Goods and Service Tax) is basically an indirect tax in India and imposed by the Central government. On 1 st July, 2017 GST has come into effect and since then many old indirect taxes converted into GST. From the beginning of purchasing of raw materials and end to sale products to the consumers, GST is applicable. As a result, small to large enteritis are required to GST return filing. To make the process easy and smooth DialMyCA has created an online GST e-Filing Service for Indian business owners.
GSTR 1 is the record of all sales. Under this form, the suppliers will have to report their outward supplies during the reporting month. According to the norm, all the registered taxable persons are required to file the same by the 10th of the following month or quarter.
GSTR-3B is a monthly self-declaration, which should be filed by every registered person under GST. It is a simplified summary return of inward and outward supplies Due date of filing of GSTR 3B is 20th of the subsequent month. GSTR 3B once filed can not be revised.
GSTR-4 is a Return that has to be filed by a Composition Dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish 1 return which is GSTR-4 on or before 18th of the month subsequent to each quarter.
All the taxpayers registered under GST are required to file their annual return in a particular form. That form is called the GSTR 9. Due date of filing of GSTR 9 is 31st December every year. It is a consolidation of all the monthly/quarterly returns filed in that year.
Return GSTR 9A is an annual return to be filed by dealers who have opted composition scheme. It includes all the information furnished in the quarterly returns filed by the composition taxpayers during that financial year. It is to be filed on or before is 31st December every year.
GSTR 9C is a statement of reconciliation between the Annual returns filed in GSTR 9 for a financial year and the figures as per the audited annual financial Statements of the taxpayer. The GSTR-9C must be filed on or before 31st December of the subsequent year.
NIL GST RETURN
GSTR-1 OR GSTRT-3B
1000+ GST 18%
ANNUAL GST RETURN
(GSTR-9 OR GSTR-9A OR GSTR-9B)
1200+ GST 18%
ALL GST RETURN FOR 1 YEAR
(All Return Included)
A.Yes GST is more beneficial for trade, industry and agriculture in terms of input tax set-off and service tax set-off. GST will give you bigger coverage on setoff compared to previous CENVAT and state VAT method. The process of GST is actually lowering the tax burden for dealers in trade, industry and agriculture.
A.No. It purely depends upon 2 factors whether you need to upload all invoices while GST return filing-
Whether you are uploading B2B or B2C invoice Whether you are involved in Intra-state or Inter-state supplies.