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No. 1 e - Service Plateform in India

What is GST?

DigitalCA
Sep 26, 2019

Ans :- GST is associate degree taxation that has replaced several Indirect Taxes in the Asian nation. the products and repair Tax Act was passed within the Parliament on twenty-ninth March 2017. The Act came into result on first Gregorian calendar month 2017; product & Services law in the Asian nation could be a comprehensive, multi-stage, destination-based tax that's levied on each price addition.

In Simple words:-  Goods services Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India.

 

  1. Types Of Gst Returns

Due Dates for filing of return Of Gst.

S.No

Return Form

Due Date

1.

GSTR-1

11th of Next Month

2.

GSTR-2

After the 10th but before 15th of Next Month

3

GSTR-3

20th of Next Month

4

GSTR-4

18th from end of the Quarter

5

GSTR-5

20th from end of the month or within 7 days after the last day of validity of registration whichever is earlier

6

GSTR-6       

13th of Next Month

7

GSTR-7

10th of Next Month

8

GSTR-8

10th of Next Month

9

GSTR-9

31st December of Next Financial Year

 

GSTR-9A

31st December of Next Financial Year

 

 

 

 

 

 

 

Nil Return

Name of the Act

Reduced Late fees for every day of delay

CGST Act

Rs 10

SGST Act

Rs 10

IGST Act

Rs 20

Name of the Act

Late fees for every day of delay for Taxable

CGST Act

Rs 50

SGST Act

Rs 50

IGST Act

Rs 100

 

 

.NO

RETURNS

PARTICULAR

1.

GSTR-1

Details of outward supplies of taxable goods or services or both effected

2.

 

Details of inward supplies of taxable goods or services or both claiming input tax credit

3.

GSTR -3

Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of an amount of tax

4.

GSTR-4

Quarterly Return for compounding taxable persons

5.

GSTR-5

Return for Non-Resident foreign taxable persons

6.

GSTR-6

Input Service Distributor return

7

GSTR-7

Return for authorities deducting tax at source

8.

GSTR-8

Details of supplies effected through e-commerce operator and the amount of tax collected as required under sub-section (52)

9.

GSTR-9

            Annual Return

10.

GSTR-9A

Simplified Annual return by Compounding taxable persons registered under section 10