Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
I like to know the types of GST returns.
For what purposes following are filed:
GSTR-1
GSTR-2
GSTR-3b
Please guide me for what purposes they are filed and the due dates of the above three.
Is the online filing mandatory? or offline is also allowed.

I am sending many doubts in this / but there is no reply, there are plenty of professionals in this group and many are joining every day,
How to post the questions if we have any doubt

GSTR 1
GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
Every registered taxable person, other than an input service distributor/ composition taxpayer/persons liable to deduct tax u/s 51 / persons liable to collect tax u/s 52 is required to file GSTR-1, the details of outward supplies of goods and/or services during a tax period, electronically on the GST Portal.

GSTR-3B
Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. A normal taxpayer is required to file Form GSTR-3B returns for every tax period.
All normal taxpayers and casual taxpayers are required to file Form GSTR-3B

GSTR-3B
Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. A normal taxpayer is required to file Form GSTR-3B returns for every tax period.
All normal taxpayers and casual taxpayers are required to file Form GSTR-3B

Dear Sir,
indian market started GST from Oct. 2017. each year as known it is changing. But I have doubt on gst registration as below:
1. The limit of turnover eligible for gst.
2. how much has to be per month or per annum.
3. Any change of gst rules as per business
4. Charges for registration of GST to departments.
5. Any difference charges to different classes opf business ( parternship, pvt. ltd, or limited etc.)
Please clarify doubts as above.
REgards,
RAmakrishna

GSTR-1:
If a person has entered into a transaction of supply of goods, then there must be someone who would be the recipient of the supply of goods. Supplier of the goods would be originating point of the transaction and he would specify, in his return, details of the supply along with the recipient to whom supply has been effected. The return for the inward supplies of the recipient of the supply would get auto-populated with the details provided by the supplier in his return for the outward supplies. Thus, GSTR-1 becomes the base document upon which the entire compliance structure in GST would be based.
GSTR-2:
Once the supplier furnishes the details of the supply and recipient in GSTR-1, details would be auto-populated and communicated to the recipient in GSTR-2A. Recipient would confirm the details filled in by the supplier in GSTR-1 and reflected in GSTR-2A. If he agrees with the same, the transaction would be frozen and GSTR-2 would be prepared. However, if the recipient disagrees then recipient would communicate to the supplier about his disagreements which then would be reflected in GSTR-1A to the supplier. Supplier in turn would have the option to modify the details furnished in GSTR-1 as per the request of the recipient auto-populated before him in GSTR-1A or keep the details unchanged.
GSTR-3B:
GSTR-3B is a monthly self-declaration that has to be filed by a registered dealer from July 2017 till March 2018. Points to Note:
• You must file a separate GSTR-3B for each GSTIN you have
• Tax liability of GSTR-3B must be paid by the last date of filing GSTR-3B for that month
• GSTR-3B cannot be revised

GSTR-1 is a monthly or Quarterly return depends on turnover sales less than 1.5crore or above 1.5 crore where the registered person is required to provide details of the value of outward supplies made by him. Additionally, the return also requires you to provide details of the invoices raised, debit notes and credit notes issued.
GSTR -2 is the part where the registered person provides inward supplies received by him on which he wishes to avail input credit. The details in this return are auto populated from the GSTR 1 filed by other suppliers. In case any additions are to be made, the same shall also be possible.
GSTR -3 is the final return wherein the output liability as per GSTR 1 is set off against input as claimed in GSTR 2 and balance liability, if any, is determined which is to be paid in cash. On payment of balance tax liability and setting off of the same, the final return can be submitted.

Please Login To Add Reply






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™