Types of GST Returns | GSTR3B, GSTR1, CMP08,GSTR4,GSTR5, GSTR6, GSTR7, GSTR8, GSTR9, GSTR10, GSTR11
HTML-код
- Опубликовано: 21 июл 2024
- The concept of returns under GST saw magnanimous launch 3 years ago in 2017 ---- fumbled all it’s way throughout and landed on a seemingly middle ground abridged version of return filing which was originally considered only as a makeshift mechanism and unfortunately become the only functional modus
SO back to basics. There are two types of returns under GST:
1. Ones that you file (i.e.) you prepare the return on the basis of your sales your purchases your bills receivables and payables and you file the return.
2. Second is the returns that get auto-drafted - commonly termed as “auto-populated”. You don’t prepare these returns. They get prepared by the system from the data of all tax payers who have filed their returns. So everyone files their returns and these get auto-drafted. Fortunately or unfortunately of this kind - we don’t have many. There were supposed to be but aren’t any.
All in all there are 11 returns under GST: starting from GSTR-01 to GSTR-11.
1. GSTR-01: GSTR-01 is a return of outward supplies. GSTR-01 is a return of sales. Whatever has happened on your sales front in a given month - you have to show it in this GSTR-01 return. GSTR-01 is normally due on 11th of next month.
small tax payers with aggregate turnover of less than Rs. 1.5 crore, the government has provided them the option to file this GSTR-01: quarterly
you don’t pay any taxes through this GSTR-01. So it does not lead to any tax / cash outflow from you
2. The next in sequence is GSTR-2 & GSTR-3: These two non existent
3. GSTR-3B: Singularly the most crucial returns under GST. it involves tax payment. This is a return that every registered person has to file. This return was originally introduced as a abridged return / temporary make shift return but has assumed unparalleled significance. we to file it because we has to pay the GST liability payment happens though filing this GSTR-3B. Every person who is registered under GST has to file this GSTR-3B so that he pays to the government the GST that he has collected from his customers. This GSTR-3B return is due on 20th of every month.
4. GSTR-4: Is a return to be filed by composition tax payers. They do not have to file GSTR-01 / GSTR-3B. It is sufficient if they file GSTR-04 return. All composition tax payers filed GSTR-04 once in every three months for the first two years. From FY 2019-20 this GSTR-04 return is made annual. Composition tax payers has to pay their taxes every quarter through a challan in form CMP-08. So tax payment every quarter but return filing is annual.
5. GSTR-05: This return is to be filed by non-resident tax payers (i.e.) people who come into India temporarily to do business in India.
6. GSTR-06: There is concept of input service distribution and credits on common input services received across various branches. This return is applicable if you have more than one GST registration. Through this GSTR-06 return - credits on common input services consumed by all your GST registrations has to be distributed. Due to be filed every month by 13th.
7. GSTR-07: Through this return - GST TDS deductions made are paid to the government. Due to be filed every month by 10th.
8. GSTR-08: Now that the nation is moving towards online business - e-commerce and all - there may a come a time when this GSTR-08 would attain the status of being mainstream. It is applicable only to e-commerce operators. So they pay the GST TCS collected on sales made through them to government through this return form. Again due on 10th of every month.
9. GSTR-09: Annual return to be filed by tax payers with turnover of more than 2 crores. It has to be filed only once a year and its very very lengthy because we have to summarize all transactions for one whole year and report it here. So this return is quite a task.
10. GSTR-10: Final return under GST - to those tax payers who surrender / cancel their GST registration - this final return has to be filed by them within 3 months of cancellation and bid bye bye to GST.
11. GSTR-11: Return to be filed by persons holding UIN. some boards, government, UN bodies etc get a unique identification number under GST instead of a regular GST registration number. So this return is applicable to be them.
Very recently, Principal commissioner Mr. Yogendra Garg in webinar by Assocham gave away that government is working towards continuing the existing return mechanism under GST with slight modifications to ensure tax and credits check. So the much hyped new returns of GST RET-1 Anx -01 which were expected to go live from October-2020 may not eventually see the light of the day.
Contact us on : Financialcalenderapp@gmail.com
App link : financialcalendar.page.link/app
Quora Link: www.quora.com/q/lyvvhhjjzlltn...
#whatisgstreturn #typesofgstreturnforms #howtofilegstreturn
I am newly appointed gst inspector. Your lecture was awesome mam and made all the returns clear 😊
Gst returns par jitni bhi videos u tube par suni hai,sabse badia video lagi,complete and latest knowledge provided by you in this video.tah dil se salute ma'am.
Gst 4 - composite
Gst 5 - non resident
Gst 6 - one PAN against two or more number
Gst7 - agency of government
Gst 8 - related to E commerce
Gst 9 - annual return
Gst 10 - Final and in the time when we surrender Gst number
Gst 11 - when issues UIN
It's so pleasant hearing you. So I personally learned with more interest and I started seeking more videos from you to learn with that pleasance... And I have to say that you have a very good word power... Thank you .
A complete course on GST video would be very useful for beginners who enter in to business or professional. Your explaining skill is attractive n understandable.
Gst complications explained so simply. Impressive and interesting too.
Thank u very much madam for the extremely simple, at the same time, easily understandable explanation of GST returns.May God bless u abundantly!
Watched few videos about these couldn't find one who explained in e English... You're amazing mam love the way u explained you fascinated me to learn totally about these
Such a dynamic presentation. Clear and Crisp.
One of the best video i ever seen
Impressive classes , now I am subscribed the channel 👍 , expect more and more classes about GST in TELUGU.
Excellent presentation with maximum information. Very good 👌
Yes Madam..Tremendously good and clarity..keep going
the whole concept has been made easily understandable in clearly audible in your sweet voice. Thank u..
You r so energetic and good at teaching. please make a video on refunds, comparative study of VAT and GST regime.
Thankyou so much mam...2morrow is my xam and this vedio helps me alot.❤
Thank you very much. Such a great explanation of GST by simple quotes. Once again Thank you and keep your good work.👍🏻👍🏻👍🏻
Excellent video.. Simply amazing communication skills and Indepth subject knowledge.. Wish you good luck and lots of success..
Explained quite easily and nicely. Thanks 👍🏻
Super Explanation Mam, keep it up !!! Make many more very useful and interesting Videos !!!!
In gstr 2 .. every taxable person has to give details about inward supplies ie. Purchase of goods or services both.
In gstr 3.. it's a summarised auto details of sale's and purchases along with the gst liability..U haven't mentioned this🌸
Save my Words, i am writing this just after watching 3 mins of 1st video on your channel " This Channel will have more than 1 Million subscribers one day and that will come soon.
Great work, Congratulations and Good Luck.
Thanks a lot rounaq Singh... Keep supporting
@@GforGST Always Mam ! I really like the way you describe you should start teaching IDT paper 8 of CA Final Concepts as well particularly from exam point of view.
Already a faculty for CA final and faculty for trainers... U can refer in case someone wants to attend... Reach us @ Reach@instied.com
Great video - I think this the only video which is so simplified 🙏👍
The way of explanation is 🙏🏻🙏🏻🙏🏻
Thank you madam .
Thank you for great explanation..loving ur teaching
Very impressive and gained a lot from this video...so thank you for making video on such content.
keep it up....
I LIKE U R WAY OF SPEAKING AND WAY OF CONVEY THE CONTENT IS REALLR AWESOME thanq mam
Excellent information and thoroughly taught. Even a lay man can understand. Thanks
Very nicely explained..
And also detailed descriptions. Thanks
Learned beyond my articleship from this video
Best video on GST ever !! Thank you :)
Thank you Animesh
Thank you mam ,you have drastically explained about gst return
Thank you super ga explanation chestharu
The way of presentation...👍👍👍...even a lay man can understand
Simple but excellent Video. got a quick understanding of GSTRs. Thank you.
Short and simple
Very nice editing of video also
Very impressive speech
Thank you Arjun
Video is very nice mam bhot chote video m itni sari info smjai aapne tq 😊
Hi Madam, nice presentation. Quality of the video is very good.
Thank you for the support sir... Will come up with more videos like this
Excellent video... expecting more videos like these👍👍
Thanks for this video.Your explaining skills are truly awesome.
Very Useful info Mam...keep Going 👍
Whoever you are girl, you are just excellent at communicating and making people understand things simpler! Good luck!
Thank you sreenath.. Keep supporting
God Level Explained Ma'am 🙏
Excellent video... Keep uploading more informative videos.
No video has given clarity about the GSTR returns... Most of the videos about GSTR is given a particular returns n details.... Ur video is useful... Thx
EXPLANATIONS ARE VERY VERY SUPER... SUPER... SUPER... keep it up.... All updates wanted frequently required from your side.... practical approach in filing returns also wanted with demo.... please reply to me...
Voice and explanation is awesome
Thank you so much. The entire content was crisp and clear and well articulated. Also, the presentation was impactful. I am now able to clear my confusions.
Excellent presentation mam. Useful for last minute revision before exams
Thank you sir... Please keep supporting
@@GforGST sure mam.
Well explained!! Superb!
Excellent presentation Madam,
Excellent lecture very very useful
Explanation is very good.
Very nice lecture your communication skills made lecture very interesting
Thank you prakash
I understood superbly. Thankyou mam
Very very clear explanation.Thank u sister.
I am appreciate your presentation.
your are good know for gst .
you are great.👍👌🌹
Awesome Apoorva
Very well explained...thanks
Very nicely explained about returns
wow... ma'am very informative video
Well explain mam 💯👍 , make more videos like this.
Thank you mam.
Super explanation mam... Need more videos
Good n very clear. Thank u
Very comprehensive 👍
Explained very well Thank you
Good explanation and easy to quick rivision
Awesome presentation madam
Very nicely and clearly explained mam 👍🙌
Very nice Explanation mam
congratulation for nice presentation
Your explanation are super mam... ❤️ Keep doingggy
Nice explanation thank u keep it up mam .
Very nice. I understand very much thank u madam.
your skills 😯and of course the video 🤩
The way you explained is amazing mam
Thank you masthan garu
Very very nice presentation. Very clear. Thank you
Thank you anantha garu
Nice video mam keep uploading video on income tax all returns so that I could understand about more
Thank you for the clear explanation.
Thank you for this its very helpfull for me 😊
excellent explanation mam...thanks a ton
Thank you sphurthy
Nice and simple presentation
Thank you sir.. Please keep supporting
Nice video, nice explained
Great efforts.
Very useful information mam... Thank you so much
Thank you so much mam for excellent information.
excellent explanation sister......u made returns very clear
Very nice presentation❤️❤️
Awesome quality
Wonderful explanation madam
Very very helpful video
Lot of thanks
Thank you kumar... Keep supporting
@@GforGSTplzz join me in gst whatsaap group
Best video❣️
Hello Sister.. I want to open GST help desk (like suvidha kendra). Please suggest which GSP is better to open with to make in budget.
Super explanation madam 🙏🙏🙏🙏👍👍👍👍👍
Mam gst return mai hame sales, return and purchase ka bhi details fill karna hai kya and iske alava bhi kuch details dalni hai kya please help sir 🙏
Excellent dr madem
Very good. Thank you Madam
Superb explanation
Superb classes ❤️❤️❤️
Excellent explanation
Amazing session Mam 🙏🙏 Thanks Alot