Detail Overview of Returns in GST
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- Опубликовано: 21 июл 2024
- 📍Enroll to our practical taxation courses at fintaxpro.in/courses/
📍In this session we have discuss below topics-
0:00 Intro to Topic
4:49 Meaning of Outward Supply
6:15 Mechanism of GST Returns
14:34 Auto Population of data in GSTR 3B
18:10 What of GSTR 1?
34:30 What is GSTR 2A?
44:03 What is GSTR 2B?
58:15 What is GSTR 3B?
1:00:47 Due date of GSTR 3B?
1:06:58 What is GSTR 4?
1:10:46 What is GSTR 5?
1:12:04 What is GSTR 5A?
1:12:26 What is GSTR 6?
1:13:27 What is GSTR 7?
1:16:13 What is GSTR 8?
1:17:21 What is GSTR 9?
1:19:03 What is GSTR 9A?
1:19:15 What is GSTR 9C?
1:20:31 What is GSTR 10?
1:21:26 What is GSTR 11?
1:21:56 Late Filing of GST Returns
1:23:22 Interest on GST
1:23:46 GST interest on net or gross
1:26:04 Revision in GST Return
1:26:17 Recap of session
GSTR-1 is the return to be furnished for reporting details of all outward supplies of goods and services made. In other words, it contains the invoices and debit-credit notes raised on the sales transactions for a tax period. GSTR-1 is to be filed by all normal taxpayers who are registered under GST, including casual taxable persons.
GSTR-2A is a view-only dynamic GST return relevant for the recipient or buyer of goods and services. It contains the details of all inward supplies of goods and services i.e., purchases made from GST registered suppliers during a tax period.
GSTR-2B is again a view-only static GST return important for the recipient or buyer of goods and services. It is available every month, starting in August 2020 and contains constant ITC data for a period whenever checked back.
GSTR-2 is currently a suspended GST return, that applied to registered buyers to report the inward supplies of goods and services, i.e. the purchases made during a tax period.
GSTR-3B is a monthly self-declaration to be filed, for furnishing summarized details of all outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid.
GSTR-4 is the annual return that was to be filed by the composition taxable persons under GST, by 30th April of the year following the relevant financial year. It has replaced the erstwhile GSTR-9A (annual return) from FY 2019-20 onwards.
GSTR-5 is the return to be filed by non-resident foreign taxpayers, who are registered under GST and carry out business transactions in India.
GSTR-5A refers to a summary return for reporting the outward taxable supplies and tax payable by Online Information and Database Access or Retrieval Services (OIDAR) provider under GST.
The due date to file GSTR-5A is the 20th of every month.
GSTR-6 is a monthly return to be filed by an Input Service Distributor (ISD).
It will contain details of input tax credit received and distributed by the ISD. It will further contain details of all documents issued for the distribution of input credit and the manner of distribution.
The due date to file GSTR-6 is the 13th of every month.
GSTR-7 is a monthly return to be filed by persons required to deduct TDS (Tax deducted at source) under GST.
GSTR-8 is a monthly return to be filed by e-commerce operators registered under the GST who are required to collect tax at source (TCS).
GSTR-9 is the annual return to be filed by taxpayers registered under GST. It is due by 31st December of the year following the relevant financial year, as per the GST law.
GSTR-9A is currently a suspended annual return earlier required to be filed by composition taxpayers. It had a consolidation of all the quarterly returns filed during that financial year.
Ever since GSTR-4 (annual return) was introduced from FY 2019-20, this return stands scrapped. Prior to that, GSTR-9A filing for composition taxpayers had been waived off for FY 2017-18 and FY 2018-19.
GSTR-9C is the reconciliation statement to be filed by all taxpayers registered under GST whose turnover exceeds Rs.5 crore in a financial year, as per the GST law.
GSTR-10 is to be filed by a taxable person whose registration has been cancelled or surrendered. This return is also called a final return and has to be filed within three months from the date of cancellation or cancellation order, whichever is earlier.
GSTR-11 is the return to be filed by persons who have been issued a Unique Identity Number (UIN) in order to get a refund under GST for the goods and services purchased by them in India. UIN is a classification made for foreign diplomatic missions and embassies not liable to tax in India, for the purpose of getting a refund of taxes. GSTR-11 will contain details of inward supplies received and refund claimed.
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Sir maine pure youtube pr search kr liya kisi ne itne achha se explain kr k ni samjhaya . Sare concept clear ho gya .
Thank you so much for your effort
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Thank you so much sir, 🙌✨ keep making such type of videos ❤️
thank you so much for such a detailed video on filing of gst..
i dont have words to thank you.
Thank you so much sir for amazing explain about GST
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thanks for this very detailed and crystal clear explanation sir, your efforts and passion for teaching is clearly seen :)
Thanks you sir video upload karene ke liye
Sir I want to know that can we avail the ITC angst the purchase of, Face masks for staff use. And in which head of accounting we should book the expense into our books.
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Very nice video thanks sir.
Sir, after watching your videos, I understand everything. How to return GST?
An Excellent video and very Good explanation relating to GST. The way of your explanation is very nice. Thank Sir.
Such a good video ❤❤❤
VERY NICE TEACHING SIR,
Thanx sir for this video 🤠
Sir aap bhut acha btaa rhe he
Sir mujhe tds ki bhut jyada problam he kya aap tds ke baare puri jankari btayenge tds kya hota he tds kis pr kataa he tds ko portal pr kese uplood kre or tds ko kese jmaa kraye
Words can not suffice to express my Gratitude for launching this very informative video.
Bahut achchha video sir jai hind sir
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Plz provide details video for Gstr-5 &. Gstr-6 , Gstr-9A &. Gstr-9B
Awesome #GURU G
Excellent
Sir dec ki gst to Jan me bharte hai na iska matlb year me 11 month ki gst fill hoti hai but jab dec 31 ko annual return bharenge to woto annual nhi hua na 11 month ki hui...sir pls reply
Anyone please solve my query, R-1 last date is 11 and 2b is generated at 14 , so in between 11-14 if there is any purchase and sale how will it be uploaded and will be shown in 2b for claiming itc?
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THANKS SIR
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What to do if I am a manufacturer. I don't buy any raw material and stuff. And I sell my product on e-commerce portals. I asked this to many people but they always confuse me with different answers.
insight on RCM and return
sir make a practical video on how a regular tax payer file gst return pls pls pls sir. Its a humble request to you sir
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Yes we are updating them
Sir kya mujhe ye PDF mil skti h....??
Gstr1 & gstr3b ke each column ko details se bataye plz sir please
Detail m bataya hai.
New video upload ki hai check lijiye.
Where is the first video of gst
Osm
Sir, i have just saw ur video on fillung itr 2.i would like to ask that if i m paying to my spouse an mothly amount of rs 10000/pm, then totaling of rs 120000/ how and where to show in her tax return. Can this amount be affect my itr return.
No if you including 120000 in your it. It is not your expencess. Ok
👏
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Sir video achha laga gst return, plz. Phone no. Provide.
हाय
Laptop hang ho jata h kaha le jaoge itne paise bhai 😅
channel name Change karo aap views kam arahe apke
Channel name se views aate hai 🤣🤣
Nice video thanks sir .