Returns

Auto-population of e-invoice in GSTR-1
Returns
CA. Sachin Jindal

Auto-population of e-invoice in GSTR-1

With effect from 1-10-2020, certain notified taxpayers started issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). From 1-1-2021, the taxpayers with aggregate turnover above ₹ 100 Cr. during preceding Financial Year also started generating invoice IRN from IRP portal.

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GSTR-1/2A/2B/4A/6A
Returns
CA. Kapil Mittal

Auto population of E-Invoice details in GSTR-1/2A/2B/4A/6A

1. Who is required to  Generate E-invoice? Wide Notification No. 13/2020–Central Tax dated 21st March, 2020, amended from time to time, every registered person who had aggregate turnover in excess of INR 500 Crores during any preceding Financial year from 2017-18 onwards is required to generate e-invoice w.e.f. 1st October, 2020. Further, every registered person having aggregate turnover in excess of INR 100 Crores during any preceding Financial year from 2017-18 onwards is required to generate e-invoice w.e.f. 1st January, 2021. Registered Person for Einvoice When to Start Registered person having aggregate turnover in excess of INR 500 Crores 1st

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Quarterly Return And Monthly Payment |QRMP Scheme
Returns
CA. Sachin Jindal

Quarterly Return and Monthly Payment |QRMP Scheme

In this article we will discuss, about QRMP scheme issued by the Central Board of Indirect Taxes & Customs (CBIC) under Goods and Services Tax (GST) which help small taxpayers whose turnover upto Rs.5 crores. The QRMP scheme provides to the taxpayers to file a return GSTR-3B on a quarterly basis and pay tax every month.

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gstr 1 return filing
Returns
CA. Vipin Tyagi

Quick Guide on GSTR-1 Return Filing: Essential Facts You Need to Know

GSTR-1 is a monthly/quarterly return that is required to be filed by every registered dealer in India. The GSTR-01 return contains details about outward supplies.  Based on your turnover, the due dates of filing GSTR-1 vary. Industries with aggregate turnover more than Rs. 1.5 crore, will have to file the GSTR-01 return on a monthly basis. However, businesses with aggregate turnover up to 1.5 crores have an option to file the return on quarterly basis..  1. Features of GSTR-1 Form All the registered taxpayers need to file the Form GSTR-1 to fill the sale details of their business irrespective of

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Interest on GST Delayed Payments
Returns
CA. Sachin Jindal

Interest Payable on Gross GST Liability, as Declared in GSTR-3B: CBIC

Taxpayers are liable to Interest Payable on Gross GST liability, as declared in GSTR-3B. Section 50 of the Central Goods and Service Tax Act, 2017 contains interest related provisions.
However, whether interest is payable on the gross amount of GST liability or net amount of GST liability (i.e., after setting off ITC Balance) is still under dispute.

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GSTR-5A
Returns
CA. Kapil Mittal

GSTR-5A Returns: Non-Resident OIDAR Service Provider| Eligibility | Due Date

GSTR- 5A form is documentation that contains details of the goods or services provided to an unregistered person inside India through Online Information and Database Access or Retrieval (OIDAR) by any person who is situated outside India. For e.g., an individual person, unregistered under GST, access database of any company located in China. Then, such service providers are liable to pay GST on services rendered through GSTR-5A. Basically, OIDAR service providers fill the GSTR-5A by logging into the GST portal to get returns. Here, we are going to let you know about every single detail of filing GSTR-5A returns.  1.

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