What does the ‘Total Invoice Value’ column indicate in GSTR-1? The ‘Total Invoice Value’ column in GSTR-1 is for the invoice value inclusive of taxes. Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic Cash and Input Tax Ledger GST FAQ on IT / ITES 150… Read More »
How should the value of turnover to be in entered in the mandatory field on the landing page of GSTR-1? The turnover value in Table 3 of GSTR-1 has to be entered manually for the first year as the information is not available with the GST system. From the second year of implementation of GST,… Read More »
For which class of Taxpayers is DSC mandatory for filing returns under GST ? DSC is mandatory in case of all Public & Private Limited Companies, Limited Liability Partnerships (LLPs), and Foreign Limited Liability Partnerships (FLLPs). Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic Cash… Read More »
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 »