GSTR 5 For Non-Residents

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GST Return Requirement For Non-Resident Taxable Person

The non-resident taxable person shall furnish a return in FORM GSTR-5 electronically through the Common Portal, either directly or through a Facilitation Centre notified by the Commissioner, including therein the details of outward supplies and inward supplies and shall pay the tax, interest, penalty, fees or any other amount payable under the Act or these …

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Advisory on Revamped Search HSN Code Functionality

Automatic Calculation of Interest in GSTR-3B and Other Upcoming GST Portal Related Updates. Read All Details Here

Important Upcoming GST System Enhancement Auto-Interest Computation in GSTR-3B/GSTR-5/CMP-08 Negetive Liability in GSTR-3B Changes in Tax liabilities and ITC Comparison Report Converting IGST Refund withheld cases at ICEGATE into RFD-01 Refund of GST paid on Advances but supplies not made Enabling EVC option even for Companies/LLP in registration module Geo-Spatial data Integration for taxpayers to …

Automatic Calculation of Interest in GSTR-3B and Other Upcoming GST Portal Related Updates. Read All Details Here Read More »

GST WEEKLY UPDATE

GST Webinars on recent functionalities related to Returns, Ledgers and Payments deployed on GST Portal

GSTN has recently implemented certain new functionalities on the GST Portal related to Returns, Ledgers and Payments. For creating awareness amongst all the stakeholders, GSTN is holding webinars, as per details given below: Webinar Topic New functionalities related to Returns, Ledgers and Payments deployed on GST Portal Language of webinar Hindi Tamil English Marathi Date …

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Compilation of Reliefs Provided in GST Compliance as well as GST Payment in the Wake of Second Wave of COVID-19

As Indian businesses are severely affected from the second wave of COVID-19, the government has provided reliefs in GST compliance as well as payment. The compilation of these reliefs are as under for the kind reference of taxpayers and professionals: (1.) Waiver of interest and late fee to normal taxpayers (filing return on monthly or …

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GST Return and Type of GST Return

GST Return and Type of GST Return

A return is a document including details of income which a taxpayer is
required to file with the tax authorities. This can help tax authorities to
calculate tax liability.
Under GST, a registered dealer has to file GST returns that include:
• Purchases
• Sales
• Output GST (On sales)
• Input tax credit (GST paid on purchases)
To file GST returns sales and purchase invoices are required. In the GST
regime any Regular business has to file two monthly returns and one annual
return. This amounts to 26 returns in a year.
The number of GST filings vary for Quarterly GSTR-1 filers. The number of
GST filings online for them is 17 in a year.
There are separate returns required to be filed by special cases such
as Composition dealers whose number of GST filings is 5 in a year.