Return filing under GST
Under the current GST regime, a regular dealer is required to submit the below returns
1. GSTR-1 : Return of outward supplies, this should be filed within 10th of the next month
2. GSTR-2: Return of inward supplies, this should be filed within 15th of the next month
3. GSTR-3: Monthly return based GSTR–1 and GSTR–2, this should be filed within 20th of the next month
4. GSTR-9: Annual return, this should be filed by 31st December of the next financial year.
You can read more about these returns and other specific returns to be filed under GST depending upon the nature of your business.
GSTR 3B: GST Return Filing for July and August 2017
Government has introduced a simpler form GSTR-3B for the first two months i.e. July and August, thereby postponing the filing of regular returns (GSTR-1 &2). However, the invoice-wise details in regular GSTR-1 would have to be filed for the months of July and August 2017 as per the timelines given below
The due date for filing GSTR 3B has been extended to 28th August 2017 for those taxpayers who have balance of input tax credit from previous regimes & intend to use the same while filing GSTR 3B for July 2017
Once settled, you can always choose a package from down here or if your requirement does not suit our package, you can directly contact us & we will make a customized package for you
For July & August
For one month
GSTR-2 & 3
Filing GSTR-2 & 3
For one month
GSTR- 1, 2 & 3
Filing GSTR- 1, 2 & 3
For one month
GSTR- 1, 2 & 3 & 3B
Filing GSTR- 1, 2, 3 & 3B
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Filing GST TRAN 1
For transfer of ITC to GST
No. There is a defined level of declaration dependent upon the nature of transaction
B2C transactions i.e. transaction with Unregistered person
Interstate B2C transactions with an unregistered person up to invoice value of Rs.2.5 lakhs can be declared consolidated, while if the value exceeds Rs.2.5 lakhs, transactions would have to be reported submitting invoice details
Intrastate B2C transactions of any value would be declared consolidated
B2B transactions i.e. transaction with Registered person
For all the B2B transactions, whether interstate or intrastate & irrespective of the Invoice value, invoice level details would have to be submitted
No. An assesse under the composition scheme is not required to furnish details of inward and outward supplies. Such assesses are required to file quarterly returns in Form GSTR-4 within 18 days from the end of quarter.
Periodical return in Form GSTR-3 or GSTR-4 should be furnished whether or not any supplies have been effected during the tax period. Here, it is relevant to note that the term supplies includes both inward and outward supplies.
There is no concept of revision of a filed return under the GST regime, this is because the details furnished in Forms GSTR-1 and GSTR-2 which remains unmatched can be rectified as and when the error or omission is discovered. However, no rectification is permissible after filing the annual return or the return for the month of September of the following year (whichever is earlier).
A non-resident taxable assessee is liable to file Form GSTR-5 for furnishing the monthly details of inward and outward supplies. This return should be furnished by 20th of the month succeeding the tax period.
Input Service Distributor is not liable to furnish the details of inward and outward supplies. Input Service Distributor is liable to file return in GSTR-6 on or before 13th of the month succeeding the tax period. The details relating to input tax credit distributed is communicated to the recipient in GSTR-2A.
Details of inward supply of the recipient should match with the outward supply declared by the supplier for the current tax period or for the earlier tax period. In this case, the inward supply of the recipient is filed for the period September 2017 and will match with the outward supply of the supplier filed for the period August 2017.