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Compliances Under Gst

Compliances Under Gst<br>

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Compliances Under Gst

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  1. Compliances Under Gst A Tax invoice is an invoice issued by a registered dealer to the purchaser, showing the amount of tax payable. The invoice should be created in triplicate – Original for recipient, Duplicate for Transporter and Triplicate for supplier. A return is a document that a taxpayer is required to file as per the law with the tax administrative authorities. Under the GST law, a normal taxpayer will be required to furnish three returns monthly and one annual return. Similarly there are separate returns for a taxpayer registered under the composition scheme, taxpayer registered as an input service Distributor, a person liable to deduct or collect the tax (TDS/TCS) TYPES OF RETURNS GSTR-1 (Registered taxable supplier) - Details of outward supplies of taxable goods and/or services effected. - 10th of the next month GSTR-2 (Registered taxable recipient) - Details of inward supplies of taxable goods and/or services effected claiming input tax credit. - 15th of the next month GSTR-3 (Registered taxable person) - Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. - 20th of the next month GSTR-4 (Composition supplier) -Quarterly return for compounding taxable person -18th of the month succeeding quarter GSTR-5 (Non-Resident Taxable Person)

  2. - Return for non-resident foreign taxable person - 20th of the next month GSTR-6 (Input Service Distributor) - Return for input service Distributor - 13th of the next month GSTR-7 (Tax Deductor) - Return for authorities deducting tax at source. - 10th of the next month GSTR-8 (E-Commerce operator/Tax collector) - Details of supplies effected through e-commerce operator and the amount of tax collected - 10th of the next month GSTR-9 (Registered Taxable Person) - Annual Return - 31st December of next financial year GSTR-10 (Taxable person whose registration has been surrendered or cancelled) - Final Return - within three month of the date of cancellation or date of cancellation order, whichever is later. GSTR-11 (Person having UIN and claiming refund) - Details of inward supplies to be furnished by a person having UIN - 28th of the month following the month for which statement is filed. This article is about GST Registration for more information please visit our website:eFiling Portal

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