What are the pre-requisites for filing GSTR-1? Pre-requisites for filing GSTR-1 are: a. The taxpayer should be a registered taxpayer and should have an active GSTIN during the tax period for which GSTR-1 has to be furnished. b. The taxpayer should have valid login credentials (i.e., User ID and password) to login into GST Portal.… Read More »
Which type of registered taxpayers are not required to file the GSTR-1? The following taxpayers are not required to file GSTR-1: Taxpayers under the Composition Scheme (Return to be filled by them in GSTR 4) Non-resident foreign tax payers (Return to be filled by them in GSTR 5) Online information database and access retrieval service… Read More »
GSTR-1 1. What is 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. 2. Who is required to file the GSTR-1? Every registered taxable person,… Read More »
I have already filed GSTR-3B, but now I want to make some modifications. Can I file an amendment? GSTR-3B once filed cannot be revised. Adjustments, if any, has to be done subsequently when you file GSTR-1, 2 & 3 for the same tax period. Related GST FAQ GSTR 3B FAQ GST FAQ on IT… Read More »
I am unable to select Return Filing Period as July 2017. Why? Check the validity of your registration in your Registration Certificate. You can file Returns for period for which Registration is effective. Related GST FAQ GSTR 3B FAQ GST FAQ on IT / ITES 150 GST FAQ’s Replied by Govt of India Tweet… Read More »
Is filing of GSTR 3 mandatory even if there is no business in the particular tax period Like for filing of GSTR-1, 2 and 3, GSTR-3B is also mandatory to be filed by all normal and casual tax payers, even if there is no business in the particular tax period. Related GST FAQ GSTR 3B… Read More »
What will happen if my declared liabilities in GSTR-3B are different from that of my GSTR 3 which I will file later? Upon generation of GSTR 3, if liabilities are different from those declared in GSTR-3B, the system will update the delta (difference) between GSTR 3B and GSTR 3 automatically. Note: In case of an… Read More »
GSTR-3B 1. What is GSTR-3B? GSTR 3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner A normal taxpayer is required to file GSTR-1, 2, & 3 returns for every… Read More »
Question 29: I am an exporter of services. Would I be entitled to refund under GST after the 1st of July (appointed day)? Answer: For exports upto 30th June, 2017 refund may be claimed under the provisions of the Chapter V of the Finance Act, 1994. Exports made on and after 1st July would be… Read More »
Question 28: I am a software provider, registered at Mumbai. I supply software to my clients in Bangalore – would I be required to take a registration in Karnataka? Answer: No. The supplies would be treated as inter –State supplies and IGST is chargeable on the same. Related GST FAQ GST FAQ on IT… Read More »