Due dates for filing GST returns: GST calendar

GST Return	Tax Period	Due Date
GSTR-1	Monthly	11th of the next month
GSTR-2A	Monthly	15th of the next month
GSTR-3B	Monthly	20th of the next month
GSTR-4	Quarterly	18th of the next month after quarter
GSTR-5	Monthly	20th of the next month
GSTR-5A	Monthly	20th of the next month
GSTR-6	Monthly	13th of the next month
GSTR-7	Monthly	10th of the next month
GSTR-8	Monthly	10th of the next month
GSTR-9	Annual	31st December of the next financial year
GSTR-9A	Annual	31st December of the next financial year
GSTR-9C	Annual	31st December of the next financial year

What are the details required to file GSTR 1?

• GSTIN: Your GSTIN is a 15-digit number that is unique to your business. This is used to confirm that you are a registered GST taxpayer.
• Legal Name : The legal name you use for your business as it is officially registered.
• Business Name : Your business name, if any.
• Aggregate Turnover: Your total revenue for the previous financial year. This is the total value of all your taxable goods, including exports.
• Outside Taxable Items: A list of all your taxable outside items made during the reporting period. This includes supplies to registered persons, non-registered persons and exports.
• Taxable Value: The taxable value of your taxable foreign goods. This is the cost of your product minus any discounts or gratuities.
• GST Rate: The GST rate applicable to your taxable external goods.
• CGST: The amount of CGST payable on your taxable external goods.
• SGST: The amount of SGST payable on your taxable external goods.
• IGST: The amount of IGST payable on your external taxable goods.
• Zero-rated supplies: A list of all your zero-rated supplies produced during the reporting period. Non-zero listed goods are exported or supplied without GST.
• Counted as Exported: Your total accounted exports made during the reporting period. Exports are treated as goods that are treated as exports for GST purposes even though they are not actually exported.
• ITC claimed: Tax credit for the amount of input tax credit you have claimed on your household items during the reporting period.
• Tax liability: Your tax liability for the reporting period. This is the total amount of GST payable less the amount of withholding tax.

Excel sheet format for GSTR 1 Data

what are the details required to file GSTR 3B ?

• GSTIN: Your GSTIN is a 15-digit number that is unique to your business. It is used to identify you as a registered GST taxpayer.
• Legal name: The legal name of your business as it is registered with the government.
• Trade name: The trade name of your business, if any.
• Taxable outward supplies: A summary of all your taxable outward supplies made during the reporting period. This includes supplies made to registered persons, unregistered persons, and exports.
• Taxable value: The taxable value of your taxable outward supplies. This is the value of your supplies minus any discounts or allowances.
• GST rate: The GST rate applicable to your taxable outward supplies.
• CGST: The amount of CGST payable on your taxable outward supplies.
• SGST: The amount of SGST payable on your taxable outward supplies.
• IGST: The amount of IGST payable on your taxable outward supplies.
• Reverse charge supplies: A summary of all your reverse charge supplies made during the reporting period. Reverse charge supplies are supplies where the recipient is liable to pay GST, even though the supplier is registered.
• ITC claimed: The amount of input tax credit that you have claimed on your inward supplies during the reporting period.
• Net tax liability: Your net tax liability for the reporting period. This is the total amount of GST payable minus the amount of input tax credit claimed.

What is GSTR 7 ?

GSTR 7 is a month-to-month return this is filed via taxpayers who deduct tax at source (TDS) under the Goods and Services Tax (GST) regime. The go back ought to be filed with the aid of the 10th of the following month. The details that need to be filed in GSTR 7 encompass:

• The GSTIN of the deductee
• The quantity of TDS deducted
• The date on which the TDS changed into deducted
• The purpose for deducting the TDS
• The details of the invoices on which the TDS became deducted
• The details of TDS rejected through the deductee
• The information of TDS refunds
• The details of nil returns

GSTR 7 is an essential return for taxpayers who deduct TDS below GST. It is important to document the return correctly and on time to avoid consequences.

Here are a number of the benefits of submitting GSTR 7:

• It enables to make sure that the precise amount of TDS is deducted and paid to the government.
• It helps to prevent fraud and evasion of taxes.
• It helps to improve compliance with GST legal guidelines.
• It helps to reduce the weight on taxpayers.
• If you are a taxpayer who deducts TDS below GST, it’s far crucial to report GSTR 7 successfully and on time. This will assist you to avoid consequences and make sure which you are complying with the law.

Things you require to file GSTR 7.

• Your GSTIN
• Your password
• Your digital signature (DSC)
• The details of the tax deducted at source (TDS) during the reporting period

What is GSTR 9?

GSTR 9 is an annual go back this is filed through all taxpayers who’re registered below the Goods and Services Tax (GST) regime. The return need to be filed by the thirty first of December of the following economic year.

The information that need to be filed in GSTR nine encompass:

• The details of all inward and outward resources made for the duration of the monetary yr
• The information of all input tax credit (ITC) claimed at some point of the economic yr
• The info of all output tax paid for the duration of the economic year
• The info of any refunds claimed during the financial year
• The information of any modifications made at some point of the monetary year
• GSTR 9 is an vital go back for all taxpayers who are registered below GST. It is crucial to document the return efficiently and on time to avoid penalties.

Here are some of the blessings of submitting GSTR nine:

• It allows to ensure that the perfect quantity of tax is paid to the authorities.
• It allows to save you fraud and evasion of taxes.
• It allows to improve compliance with GST legal guidelines.
• It facilitates to reduce the weight on taxpayers.
• If you’re a taxpayer who is registered underneath GST, it is important to record GSTR 9 efficiently and on time. This will help you to avoid consequences and ensure which you are complying with the law.

Here are some additional details about GSTR 9:

• GSTR nine is a reconciliation announcement between the details filed inside the monthly and quarterly returns (GSTR 1, GSTR 3B, and GSTR 3) and the actual books of debts.
• GSTR nine is a self-evaluation go back, because of this that taxpayers are accountable for making sure that the information filed are correct.
• GSTR 9 can be filed online thru the GST portal.
• Taxpayers who fail to document GSTR 9 on time can be liable for consequences.

Read more

Goods and Services Tax (GST) is a comprehensive indirect tax that was implemented in India on July 1, 2017. GST replaced a range of indirect taxes such as VAT, excise duty, service tax, and others. It is a consumption-based tax that is levied on the supply of goods and services across the country.

Compliance with GST regulations is essential for businesses operating in India. GST compliance services help businesses meet all GST requirements and avoid penalties and fines. At Manisha Mohol and Associates, we offer comprehensive GST compliance services to help businesses comply with all GST regulations.

GST compliance services that we offer include:

1. GST Registration: Every business with a turnover of more than Rs. 20 lakhs is required to register for GST. Our team can help you with GST registration, including obtaining a GST identification number (GSTIN) and filing the necessary documents.
2. GST Returns Filing: Businesses must file GST returns every month or quarter, depending on their turnover. Our team can help you file GST returns accurately and on time, ensuring compliance with GST regulations.
3. GST Audit: GST audit is a process of verifying the accuracy of GST returns filed by businesses. Our team can help you with GST audit and ensure that your returns are accurate and comply with GST regulations.
4. GST Consultancy: Our team of experts can provide GST consultancy services to help you understand GST regulations and comply with them. We can provide guidance on various aspects of GST, including input tax credit, tax rates, and more.
5. GST Refunds: Businesses can claim refunds for GST paid on input supplies. Our team can help you claim GST refunds and ensure that your claims are processed quickly and accurately.

Benefits of our GST Compliance Services:

1. Accuracy: Our team of experts ensures that your GST returns are accurate and comply with GST regulations.
2. Timely Compliance: We ensure that your GST returns are filed on time, minimizing the risk of penalties and fines.
3. Cost-effective: Our services are cost-effective and can help you save money in the long run by avoiding penalties and fines.
4. Expertise: Our team has years of experience in the industry and stays up-to-date with the latest GST regulations.

In conclusion, GST compliance is crucial for businesses operating in India. Non-compliance can result in hefty penalties and fines. At Manisha Mohol and Associates, we offer comprehensive GST compliance services to help businesses comply with all GST regulations. Our team of experts can help you with GST registration, returns filing, audit, consultancy, and refunds. Contact us today to learn more about our services and how we can help you with GST compliance.