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GST Filing
The plan is designed to file your GST returns every month and get your business GST compliant. This is one of the most popular packages in the GST regime for assistance to file GST Returns.
GST Return (Monthly Express)
- Up to 10 Business invoices.
- Unlimited Retail invoices.
- Online Filing of GSTR-3B & GSTR-1.
This is a starter platform to generate all your GST Returns in a very simple manner, you can manage upto 10 business invoices and unlimited retail invoices. Generate (one) GSTR 3B & GSTR 1, on monthly basis. ... Read More
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Filing of GSTR-3B for 3 months
- Unlimited Business invoices.
- Unlimited Retail invoices.
- Online Filing of GSTR-3B for a quarter.
File your GSTR -3B Return for 3 months in a very simple manner.
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Annual filing of GSTR-4 (Composite Scheme)
- Filing of Quarterly GSTR-4
- Filing Business invoices
- Filing Retail invoices
Annual Filing of GSTR-4 , go hassle free... Read More
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Yearly (12 months) Filing of GSTR-3B & GSTR-1
- Filing of GSTR-3B & GSTR-1 for 3 months
- Reconciliation With GSTR -2A
- Unlimited Business invoices
Under this plan all the basic requirement of GST return compliances are covered... Read More
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Basic concepts of GST
GST stands for "Goods and Service Tax"
Date of passing of GST Act in parliament -29/03/2017
Date of Enforcement of GST Act – 01/07/2017
Goods and Service tax is an indirect tax which is applicable on supply of goods and services. It is an indirect tax which is applicable in all the states of India (After removing the article 370 it is also applicable in Jammu and Kashmir).
It is a one nation, one tax.Applicable Tax laws before implementing the GST in India : Before implementing the goods and service tax there were many indirect tax slabs applicable in India. State mainly collected value added tax (VAT) and central government collected central sales tax (CST) on interstate sales of goods. Central government collected service tax on services and many other indirect taxes applicable in India before implements the GST.
The following is a list of indirect tax which were applicable in India before implantation of GST- (a) Central Excise duty
- (b) Additional Excise duty
- (c) Basic Custom duty
- (d) Additional custom duty
- (e) Special custom duty
- (f) Cess
- (g) Value added tax (VAT)
- (h) Central Sales Tax (CST)
- (i) Purchase tax
- (j) Entertainment tax
- (k) Entry tax
- (l) Tax on advertisement
- (m) Tax on lottery
- (n) Service tax
- (a) Central Excise duty
- (a) CGST Act
- (b) SGST Act
- (c) IGST Act
- (d) Union territories GST Act (UTGST)
Non GST Goods : The provision of GST is applicable on all the goods and service except exempted goods and services. There is a list of certain goods which are NON GST goods. NON GST goods are those goods on which provision of GST is not applicable.
On NON GST goods VAT & CST provisions are applicable but in upcoming years these goods will also be covered under the provisions of GST.
List of NON GST goods is as under- (a) Petroleum crude
- (b) High speed diesel
- (c) Motor spirit
- (d) Natural Gas
- (e) Aviation turbine fuel
- (f) Alcoholic liquor for human consumption
- (a) Resale
- (b) Used in Manufacturing & processing
- (c) Use in telecommunication network or in mining or distribucation of electricity
Advantage of GST:The main advantages of GST are described as under
- (a) No geographical boundary for buyers and sellers
- (b) Removing of cascading effect
- (c) Composition scheme for small business organization.
- (d) Less compliance
- (e) Online procedures under GST
- (f) Regulation of unorganized business
Who is liable for registration under GST Act: As per section 22 of CGST/SGST Act 2017, every person who makes taxable supply i.e. supply of goods and services which are liable to tax under GST law and his aggregate turn over in the financial year exceeds the threshold limit shall be liable to registered himself from where he makes a taxable supply.
Section 24 CGST act mention certain categories of supplier who shall be liable to take GST registration even if there aggregate turnover is less than the threshold limit.
List of the person shall be required to be registered under GST act- (a) Person make any interstate taxable supply
- (b) Casual taxable person
- (c) Person who required to pay tax under reverse charge
- (d) Electronic commerce operator
- (e) Non- Resident taxable person
- (f) Input service distributer
- (g) Supplier of online information
- (h) Deductor of tax at source (TDS)
- (a) Any person supplying exempted goods and services under GST act.
- (b) An agriculturist to be extended of supply of produce out of cultivation of land.
- (a) Registered supplier under GST/ Legally recognised as a supplier of goods or services
- (b) Proper accounting of tax paid on input goods or services which can be utilized for payment of GST due to supply of goods or services or both by the business.
- (c) Legally authorised to collect tax from his purchase and pass on the client of the taxes paid on the goods and services supplied to purchase or recipients.
As per the GST Act following is the list of GST return (clickable , will lead to resp write ups in the following pages)
GSTR-1 (Return of outward supply):GSTR-1 is a monthly/ Quarterly return to be filled by every registered person.
In GSTR-1 shows all the details of outward supply (sales) whether the sale is B2B (business to business) or B2C (business to consumer).
Due date is Filing of GSTR-1: Due date of Filing of GSTR-1 is based on turnover
- (a) If turnover more than Rs. 1.50 Cr:Any registered person whose turnover is more than Rs.1.50 Cr during the preceding financial year has to file GSTR-1 on monthly basis.
- (b) If turnoveris less than Rs.1.50 Cr:Any registered person whose turnover is less than Rs.1.50 Cr during the preceding financial year has to file GSTR-1 on quarterly basis.The same person can also opt monthly Filing of GSTR-1.
Due date of Filing of GSTR-1:
- (a) Monthly: Due date of monthly return is 11th of next month i.e. for the month of September 2019 due date is 11th October 2019.
- (b) Quarterly:Due date of quarterly return is last date of month after ending the quarter i.e. for the quarter July to September 2019 due date is 31st October 2019
Who is file to GSTR-1: Every registered person is required to file GSTR-1 whether if no sales made during the period (Monthly/ Quarterly). But the following registered person is exempted to file GSTR-1.
- (a) Register under composition scheme
- (b) Input service distributor
- (c) Non- Resident taxable person
- (d) Taxpayer liable to deduct TDS
- (e) Taxpayer liable to collect TCS
- (f) Supplier of online information and database access
Late fee on non-Filing of GSTR-1: As per the latest amendment late fee is applicable with the following scenario.
| Particular | Late Fee |
|---|---|
| With business Transaction | Rs 50 per day |
| Without business transaction (NIL Return) | Rs 20 per day |
GSTR-2 (Return for Inward Supply): Every registered person is required to give details of inward supply (Purchase).
It contains details of all the purchase transaction of a registered dealer for a month. It also includes payment of GST on purchase from an unregistered person.
Due date of Filing of GSTR-2: Due date of Filing of GSTR-2 is 15th of next month i.e. for the month of September 2019 due date is 15th October 2019.
Impact of Non-Filing of GSTR-2:If any registered person does not file GSTR-2 within the time frame they cannot file GSTR-3. So firstly they have to file GSTR-2 and only then can they file GSTR-3
Interest and late fee on Non-Filing of GSTR-2:Late Filing of GSTR-2 attracts interest and penalty.
Interest: Interest @18% per annum it is to be calculated on outstanding tax payable. Time period will be next day to due date for Filing of return (i.e. 16th of next month) to the date of payment.
Late fee: As per the GST act late fee is Rs. 200 per day (Rs. 100 for CGST and Rs.100 for SGST) up to Rs.5000.00
Who needs to file GSTR-2:Every registered person is required to file GSTR-2 even if no purchase is made during the month. But the following registered personsare exempted to file GSTR-2
- (a) Register under composition scheme
- (b) Input service distributer
- (c) Non- Resident taxable person
- (d) Taxpayer liable to deduct TDS
- (e) Taxpayer liable to collect TCS
- (f) Supplier of on line information and database access
GSTR-2A:GSTR-2A is purchase return, it is automatically generated on GST portal. When a supplier files GSTR-1 the information is captured by GSTR-2A. It is an auto populated return, need not to be filed.
What is the difference between GSTR-2 and GSTR-2A: These are following difference between GSTR-2 and 2A.
| GSTR-2A | GSTR-2 |
|---|---|
| GSTR-2A is auto populated by the system. It will take into considerationthe invoices uploaded by supplier. One has to check the details of 2A and ensure that all are correct. | In GSTR-2, click prepare GSTR-2 summary and the system will bring all 2A invoices to GSTR-2 After checking the correctness you can file GSTR-2 |
| RCM details not shown on GSTR-2A | At the time of preparation of GSTR-2 fill the details of RCM |
GSTR-3 (Return of Summarized details of Inward and outward supply): In GSTR-3 furnish all the details of inward and outward supplies of goods or services or both.
In GSTR-3 following details are to be submitted
- (a) Availing of input tax credit
- (b) Tax payable
- (c) Tax paid
- (d) Any other information may be prescribed
Due date of Filing of GSTR-3:Due date of Filing of GSTR-3 is on or before of 20th of next month i.e. due date of Filing of GSTR-3 for the month of September 2019 is 20th October 2019.
Impact of Non- Filing of GSTR-3: GSTR-1 of next month cannot be filled if GSTR-3 is not filled
Interest and late fee on non-Filing of GSTR-3:
- (a) Interest:Interest @ 18% per annum it is to be calculated on outstanding tax payable. Time period will be next day to due date for Filing of return (i.e. 20th of next month) to the date of payment.
- (b) Late fee: As per the GST act late fee is Rs. 200 per day (Rs. 100 for CGST and Rs.100 for SGST) up to Rs.5000.00
Who is file GSTR-3:Every registered person is required to file GSTR-3 even if no purchase or sale is made in a month. But the following registered person are exempted from filing GSTR-3
- (a) Register under composition scheme
- (b) Input service distributor
- (c) Non- Resident taxable person
- (d) Taxpayer liable to deduct TDS
- (e) Taxpayer liable to collect TCS
- (f) Supplier of online information and database access
GSTR-3A: GSTR-3A is an electronically generated return. It is generated on information furnished through GSTR-1 & GSTR-2.
GSTR-3B:GSTR-3B contains detailed information of outward tax liability and discharge of outward tax liability through electronic cash ledger and electronic credit ledger
Due date of Filing of GSTR-3B:Due date of Filing of GSTR-3B is on or before 20th of next month i.e. due date of Filing of GSTR-3 for the month of September 2019 is 20th October 2019.
Interest and late fee on non-Filing of GSTR-3B:
- (a) Interest: Interest @ 18% per annum it is to be calculated on outstanding tax payable. Time period will be next day to due date for Filing of return (i.e. 20th of next month) to the date of payment.
- (b) Late fee: As per the GST act late fee is Rs. 50.00 per day (Rs. 25 for CGST and Rs.25 for SGST). If there is no business transaction during the period late fee will be Rs.20.00 per day (Rs.10 for CGST and Rs.10 for SGST). Up to maximum of Rs5000.00.
Who is file GSTR-3B:Every registered person is required to file GSTR-3B whether if no purchase or sale is made during the month. But the following registered personsare exempted from filing of GSTR-3B
- (a) Register under composition scheme
- (b) Input service distributer
- (c) Non- Resident taxable person
- (d) Supplier of on line information and database access
GSTR-4 (Quarterly return under composition scheme): Any person who is registered under composition scheme in GST is required to file GSTR-4 return.
Due date of Filing of GSTR-4: GSTR-4 has to be filled on a quarterly basis. Due date of Filing of GSTR-4 is 18th of the month after the end of the quarter.
| Period | Due Date |
|---|---|
| April-June | 18th July |
| July-September | 18th August |
| October-December | 18th January |
| January-March | 18th April |
Late fee on Non-Filing of GSTR-4:As per the GST act late fee is Rs. 50.00 per day (Rs. 25 for CGST and Rs.25 for SGST). If there is no business transaction during the period late fee will be Rs.20.00 per day (Rs.10 for CGST and Rs.10 for SGST). Up to maximum of Rs5000.
Impact of Non-Filing of GSTR-4:If GSTR-4 is not filled for the given quarter then the tax payer cannot file the next quarter return
GSTR-5 Monthly return for Non-Resident taxable person:For any Non-Resident taxable person registered under GST act, it is mandatory to file GSTR-5 on GST portal.
Who is Non-resident taxable person:Any person involved in supply of goods or services or both whether as principal or agent and who has no fixed place of business in India or residence in India.
Due date of Filing of GSTR-5:Filing of GSTR-5 is on monthly basis, due date is 20th of next month i.e. for the month of September 2019 due date is 20th October 2019.
For Non-Resident taxable person, they have to file GSTR-5 7 days before the expiry of registration.
Interest and late fee on non-Filing of GSTR-3B:
- (a) Interest: Interest @ 18% per annum it is to be calculated on outstanding tax payable. Time period will be next day to due date for Filing of return (i.e. 20th of next month) to the date of payment.
- (b) Late fee: As per the GST act late fee is Rs. 50.00 per day (Rs. 25 for CGST and Rs.25 for SGST). If there is no business transaction during the period late fee will be Rs.20.00 per day (Rs.10 for CGST and Rs.10 for SGST). Up to maximum of Rs5000.00.
Impact of Non-Filing of GSTR-5: If the GSTR-5 return is not filled then the next month return cannot be filled.
GSTR-6 (Input Service distributor):Person registered as a input service distributor under GST is required to file GSTR-6 on monthly basis.
Who is input service distributor:According to section 2(61) of CGST Act, an input service distributor has the following charteristics
- - It is an office of the supplier of goods or services or both
- - This office receive tax invoices under section 31 towards the receipt of input services used by its branch
- - To issues a prescribed document for the purpose of distributing tax credit on such services. The credit against central tax, state tax, integrated tax or union terriotary tax paid on said services.
- - This documents is issued to its branch who can be supplier of taxable goods or services or both. These branches can have different GSTIN numbers but having the same permanent account number (PAN) as the head office (ISD)
How should file GSTR-6:Every person who is registered as input service distributor under GST act.
Due date of Filing of GSTR-6:Filing of GSTR-6 is on monthly basis, due date is 13th of next month i.e. for the month of September 2019 due date is 13th October 2019
Late fee on Non-Filing of GSTR-6: Late fee will be levied Rs. 50 per day on non Filing of GSTR-6, however not provision for reduction to make for Nil Filing of return.
Importance of Filing of GSTR-6:GSTR-6 contains the details of documents issued for distribution of input tax credit and manner of distribution of input tax credit on tax invoice on which credit is received.
GSTR-6A:GSTR-6A is an automatically generated read only form where the details are furnished by supplier of an ISD in the form GSTR-1. This form contains the details pertaining to the supplier against which credit is received for distribution to ISD. It also contains the details of debit note and credit note received during the current tax period.
GSTR-7 (Return for tax deduction at source):Any person who is required to deduct TDS (tax deduction at source) as per the provision of GST Act who should file the GSTR-7, which contains the details of TDS liability payable and paid, TDS refund claimed if any.
Who is responsible to deduct TDS under GST Act: As per the section 51 of CGST act following decuctor is required to deduct TDS under GST act.
- (a) Department or establishment of central or state government
- (b) Local authority
- (c) Government agency
- (d) Any authority
- Set up by an act of parliament or state legislature
- Establishment by any government (with 51% or more participation by way of equity or control carry out any function) - (e) A society establishment of central government or state government or local authority under society registration act 1860.
- (f) Public sector undertaking
When is TDS deducted:TDS is deducted from the payment made to the supplier. Such tax is deducted if the total value of supply under a single contract exceeds Rs.250000.00
Rate of TDS:The rate of TDS is 2% (1% CGST and 1% SGST). In case of interstate supply 2% IGST.
Due date of Filing of GSTR-7: Due date of Filing of GSTR-7 is the 10th of next month i.e. due date for the month of September 2019 is 10th October 2019
Interest and late fee on non-Filing of GSTR-7:
- (a) Interest:If the Deductor deducts TDS but fails to pay the government. The Deductor is liable to pay interest not exceeding 18% pa. along with the TDS amount
- (b) Late fee: As per the GST act late fee is Rs. 200.00 per day (Rs. 100 for CGST and Rs.100 for SGST). Up to maximum of Rs5000.00
GSTR-8 (Return for tax collection at source):GSTR-8 return is to be filled by the e-commerce operator who is required to deduct TCS (Tax collection at source) under GST.
What is e-commerce:As per section 2(44) of the CGST act, electronic commerce means the supply of goods or service or both over digital electronic network. The product sold also includes digital products.
Who is e-commerce operator:As per section 2(45) of CGST act, an electronic commerce operator means any person who owns operates or manages the digital platform
Rate of TCS:According to section 52 of CGST act, every e-commerce operator is required to collect an amount of tax not exceeds 1% from the supplier of goods and services. The amount of tax is calculated on net value of taxable goods and services supplied through e-commerce portal of the operator.
Due date of Filing of GSTR-8:Due date of Filing of GSTR-8 is 10th of next month i.e. for the month of September 2019 due date is 10th October 2019
Interest and late fee on non-Filing of GSTR-8:
- (a) Interest: If the Collector deducts TCS but fails to pay the government. The Collector is liable to pay interest not exceeding 18% along with the TDS amount.
- (b) Late fee: As per the GST act late fee is Rs. 200.00 per day (Rs. 100 for CGST and Rs.100 for SGST). Up to maximum of Rs5000.00.
GSTR-10 (Final Return):Any person whose GST registration is cancelled or surrendered has to file a retun GSTR-10. This return is called final return
Due date is Filing of GSTR-10:The registered person is required to file final return in the form of GSTR-10 which in the period later.
- 3 months from the date of cancellation
- Date of order of cancellation
Penalty on Non- Filing of GSTR-10:If the GSTR-10 not filled with the due date, a notice will be send to the registered person. The person will give a time of 15 days for the Filing of return.
If he fails to file the return the assessing officer will pass the final order for the cancellation with the amount of tax payable along with the interest and penalty.
FAQ’s
>In all other cases Rs. 50/- per day
upto a max of Rs. 5000/-
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