Purpose of this return is to furnish details of all sales including B2B and B2C. Due date of this return is 10th of every month and in case of a quarterly return, the end of next month of every quarter.
This is a summary return with details of net tax liability based on the output & input tax. Due date of this return is 20th of every month.
A business who opt for composition scheme and needs to pay to subsidize GST rates from 1% to 5% & file this quarterly return.
The purpose of this return is to rectify/resolve the mismatch in sales figures with your customers to whom you raise the tax invoice
An e-commerce operator who needs to collect TCS (Tax collected at source) under GST requires to file this return till 10th of every month.
This is the Annual GST return, which is to be filed by all registered persons till 31st March of every financial year.
GSTIN is an abbreviation for Goods and Service Tax Identification Number. It consists of 15 alphanumeric digits. This is generated by the government after you have successfully completed GST gst-return-filing.
|Composition Scheme||Regular Scheme|
|Compliance||Relaxed Compliance in order to safeguard small businessmen.||Normal compliance required.|
|Tax Rate||Composition taxpayers need to pay nominal GST at a fixed rate of turnover, which is normally 1-5%.||Tax rate for regular taxpayers goods and services, which is from 0-28%.|
|Input Tax Credit||Composition taxpayers cannot avail Input tax credit benefit.||Normal taxpayers can avail Input tax credit benefit.|
|GST Return Filing||Composition taxpayers required to file quarterly return.||Normal taxpayers required to file monthly return.|
|Tax Invoice||Composition taxpayers can not issue tax invoice to their customers.||Normal taxpayers can issue tax invoice to their customers.|
Provide the required business details and information to our web portal.
Choose a package and pay online with different payment modes available.
On placing an order, your application will be assigned to one of our dedicated professionals.
Our professional shall carefully examine the correctness & accuracy of the documents and file GST application form.
Our professional shall make regular follow up with government department for processing of GST application online.
On obtaining GSTIN, we will provide GST certificate along with several eGuides on GST and GST Invoicing Software.
It is mandatory to get GST gst-return-filing under-
*In case of North Eastern States, an annual turnover threshold limit is INR 20 Lakhs
Yes, you can voluntarily get Registered under GST even if your annual turnover does not exceed the threshold limit (40/20 Lacs).
Registering under GST not only helps you in getting your business recognized as a legal registrant but also help you avail various benefits like avail to raise GST Invoice, avail input tax credit, and much more.
A business needs to get more than one GST number if,
XYZ Private Limited doing the business of selling merchandise and also doing the business of selling software from Bangalore only. Still, a company can apply for multiple GST numbers for their different business domain.
If you are supplying goods and services from one state to all over India. You do not need multiple GST Certificates.
GSTIN stands for Goods and Service Tax Identification Number consists of 15 digits. This will be get generated from government end when you have successfully applied for GST gst-return-filing.
Yes, you can sell both Goods and Services with one GST number, Provided you have listed such Goods/Services while registering under GST.
Sure why not, you can start a business from your home. You just need to provide proof of your residential address for getting registered for GST.
This is the most common question business doers are facing these days i.e. what are the compliances after obtaining GST certificate?
Following things, you must do after obtaining GSTIN Number:
1. Affix GST Certificate within your business premises.
2. Issue GST compliant Invoice.
Sign up for FREE Instabill GST Invoice Billing Software or Download Android Mobile App.
3. Timely file your GST Return.
Yes, from the very moment you obtain GST gst-return-filing certificate, you need to charge GST tax from your customers on every sale.
Don't know how to charge gst tax from customers?
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The process of converting from the old service account to GSTN through GST gst-return-filing is as follows-
#1.Login to CBIC Portal.
#2.Receive the Provisional id and password.
#3. Create the new user id and password on the GST portal.
#4. Enter all your business details along with the promoter details and the business address, Bank details and upload the required documents on the GST portal.
#5. Finally, verify with the DSC or Aadhar generated EVC.
Relaxation announced on GST Composition Scheme on 23rd GST Council Meeting held.
Yes, Digital Signature Certificate is required if you are Private limited, Public limited, LLP or One Person Company