What are GSTR-5 and GSTR 5A?
GSTR-5: All the registered non-resident taxable persons have to file a return in GST Portal using the Form GSTR-5. For the period during which a registered non-resident taxable person conducts business transactions in India, the Form GSTR-5 required to be filed by them. It can be filed either through online mode or from a tax facilitation center. The Form contains details of all outward and inward supplies made and received by such taxable persons.… Read More
Below the GST norms, the GSTR 9 annual return form is applied to all the usual assessee where all the related information of SGST, CGST, and IGST transaction of the whole year is needed to be furnished. CA portal is enabled to give all the information about gstr 9 due dates for FY 2020-21 and the prolonged gstr 9 extension news notification for the usual assessment form.
What is GSTR-9 Annual Return?
GSTR 9 is a yearly return that is … Read More
What is Form GSTR-3B?
Form GSTR-3B is simply a summary return whose work is the taxpayer declares about the liabilities of GST for the tax period and relive those liabilities. For each tax period, a normal assessee needs to file Form GSTR-3B returns. Unlike other GST forms, Taxpayers need not provide any invoice details while filing GSTR-3B returns. GSTR 3B due date is mentioned at the bottom while it must be filed every 20th, 22th, 24th of the subsequent month.… Read More
Paying heed to the severity of the situation prevailing due to COVID-19 outbreak in India, Goods and Service Tax Network has extended the dates for GST returns filing to give temporary relief to the taxpayer already struggling.
Taxpayers willing to opt for the Composition Scheme for Financial Year 2020-21 shall not file GSTR 3B and GSTR1 for any tax span in FY 2020-21 from any PAN associated GSTIN.
New Dates announced by the GSTN
#1. Opting for Composition Scheme
FormPeriod… Read More
The new GST return forms for the payment of Goods and Services Tax (GST) have been released by the Indian Government. Businesses will have to file these forms from the next financial year.
There is an option of filing one of the three quarterly returns forms-Sahaj (RET-1), Sugam (RET-2) and Normal (RET-3) for the businesses with an annual turnover up to INR 5 Crore.
According to a decision from the GST Council, these new GST return forms will be implemented … Read More
All the assesses covered under the composition scheme can now file the annual GST (Goods and Services Tax) returns under GSTR 4 due date, for the financial year 2019-20, by 31st August 2020. The date has been extended by the Central Board of Indirect Taxes and Customs (CBIC) from 15th July 2020 to 31st August.
Any assessee whose annual turnover is less than Rs. 1.5 Crore can opt for the composition scheme under the GST regime. All the manufacturers and … Read More