GST

GST

Goods and service tax act, 2017 has been brought up for transparency in the entire process of indirect taxation. The gst regime ensures that businesses whose turnover exceeds Rs. 40 lakhs (Rs. 10 lakhs for North Eastern and hill states) is required to register as a normal taxpayer. This process is called a GST registration.

For certain businesses, registration under Gst is mandatory. If any business carries on without getting registered under Gst, it will be considered as an offence and charged heavy penalties.
GST registration usually takes 2 to 5 working days.
GET GST REGISTRATION IN 3 DAYS at Rs. 500* only

Who should register for GST?

Individuals registered under the pre GST law (i.e Excise, Vat, Service Tax etc.)
Business with turnover above the threshold limit of Rs. 40 lakhs ( Rs. 10 lakhs for North-Eastern states, J&K, Himachal Pradesh and Uttarakhand)
Every e-commerce aggregator.
Agents of a supplier & input service distributor.
Casual Taxable person/ Non- resident taxable person

Registration Process

Purchase a plan
Expert Assigned(CA/CS/Tax Consultant)
Upload Documents
Submission on Portal
ARN Number Generated
GSTIN Received

Documents Required for GST Registration

PAN Of the Applicant
Aadhaar Card
Proof of Business registration or incorporation Certificate(If any)
Identity and Address proof of promoters/ Directors with photographs.
Address proof of the place of business.(Rent or lease agreement, Recent Electricity bill)
Bank account statement/ cancelled cheque
Digital Signature(For Pvt. Ltd/ LLP)
Letter of authorization/ board resolution for authorized signatory.( For Pvt. Ltd/ LLP)

Filling of GST

GST Filing at Rs. 500*/per month only

GSTR-1

Taxpayers record all outward supplies (Sales) of goods and services in details in this form. This has to be mandatory submitted by the 10th of the next month (Filing date is subject to change frequently).

GSTR-1A

The form shall be auto generated after filing of GSTR-2 on the 15th of the next month, having all the correct or changed information. The supplier shall have the choice to accept and reject the changes made by the recipients.

GSTR-2

This form is the culmination of all inward supplies of goods and services as approved by the recipient of the services. The due date is 15th of the next month. It is auto generated with the details of GSTR-2A.

GSTR-2A

It is available on the 11th of the next month for the recipients to see and validate the information therein. Recipients have time between 11th-15th of the next month to change any information based on their books of accounts.

GSTR-3

This form is auto-prepared by 20th of the next month. It will have the details of all outward as well as inward supplies of goods and services as detailed in GSTR-1 and GSTR-2. After considering both the details, GSTN will say your input tax credit availability or the tax payable amount.
GSTR-3B has to be filed by 20th of the next month.

Returns to be filed by composition Tax Payers

GSTR-4A

Similar to GSTR-2A above, GSTR-4A is generated quarterly for composition scheme taxpayers. It has the details of the inward supplies as reported by suppliers in GSTR-1.

GSTR-4

With the auto- generated details of GSTR-4A the taxpayer can provide details all his outward supplies here. The due date is 18th of the following month and has to be filed quarterly. It also contains the details of tax payable and payment of tax.

GSTR-9A

This is the annual return for all composition taxpayers. It has to be filed by 31st December of the coming financial year and includes all the quarterly returns filed by the composition taxpayers.

GSTR-9

This is annual return, which the taxpayer must file by the due date (31st December). It is accumulation of all 12 monthly GSTR-3 of the taxpayer. It will include amount of tax paid during the year, including details of exports and imports.

Returns to be filed by a foreign Non- Resident Taxpayer

GSTR-5

This is a detailed form containing the particulars of outward supplies, imports, tax paid, input tax availed and remaining stock. This has to be filed monthly within 20th of the next month or if the registration is already provided, then within 7 days of such expiry of registration.

Returns to be filed by an input Service Distributor.

GSTR-6A

This form will be generated by 11th of next month after the suppliers have filed their GSTR-1 ON 10TH of the next month. It will be auto-generated with the details of inward supplier made to them. It has to be filed on a monthly basis by ISD.

GSTR-6

Once the details are confirmed or corrected by the ISD, the GSTR-6 will be generated. It has to be filed by the ISD by 13th of the next month. This is also a monthly filing.

Returns to be filed by a Tax Deductor.

GSTR-7

Details of the Tax deductions made during the month have to be furnished here. The due date is 10th of the next month.

GSTR-7A

This is a TDS certificate, which is auto-generated upon filing the GSTR-7 by the tax Deductor. It will be available for the assesses to download and keep a record of. It will contain details of the tax deducted and the total amount of payment made.

Return to be filed by an E-commerce portal

GSTR-8

This return shall contain all the supplies made by the E-Commerce seller and the amount of tax collected as well. It has to be filed by 10th of the next month. For those assesses whose annual turnover exceeds INR 1 Crore, then a reconciliation statement in form GSTR-9B has to be filed by 31th December of the next fiscal year. It has to be filed annually and is basically an audited annual account, duly certified by competent authority.
Where the assesses is a Government body or a UN body, then a monthly Form GSTR-11 has to be filed 28th of the next month. These bodies have a UIN (Unique Identification Number) and hence will be required to furnish the details of inward supplies.