Simple GST Software

Unit Conversion Made Simple

What is GSTR-1?

GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales.The return has a total of 13 sections. 

b. When is GSTR-1 due?

The due dates for GSTR-1 are based on your turnover.Businesses with sales of upto Rs. 1.5 crore will file quarterly returns.Other taxpayers with sales above Rs. 1.5 crore have to file monthly return.Here are the due dates for the return until March 2018. Period Due dateApr-Jun 2018 31st July 2018Jul-Sept 2018 31st Oct 2018Oct-Dec 2018 31st Jan 2019Jan-Mar 2018 30th Apr 2019If your turnover is greater than Rs. 1.5 crore a return should be filed for every month.October 201811th November 2018November 201811th December 2018Period Due dateJune 2018 10th July 2018July 2018 11th August 2018August 2018 11th September 2018September 2018 11th October 2018 

c. Who should file GSTR-1?

Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.The following registered persons are exempt from filing the return:Input Service DistributorsComposition DealersSuppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)Non-resident taxable personTaxpayer liable to collect TCSTaxpayer liable to deduct TDS 

d. How to revise GSTR-1?

Return once filed cannot be revised. Any mistake made in the return can be rectified in the next periods (month/quarter) return. It means that if a mistake is made in September GSTR-1, rectification for the same can be made in October’s GSTR-1. e. Late Fees and PenaltyLate Fees for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per CGST Act and Rs. 100 as per SGST Act. The late fees will be charged from the date after the due date.Latest Update: The late fees have been reduced to Rs. 50 per day and Rs 20 per day (for nil return)

 2. How to file GSTR-1 on ClearTax GST Software?

FIling on ClearTax GST Software is simple and quick. Here is a detailed guide to file GSTR-1 on ClearTax GST Software. ClearTax GST Advantage:Sales invoices can be imported to the software.Update values on GST Portal/ GSTN without login to GST Portal.Import of sales details from Tally/Busy or Government SoftwareBulk updation of invoices. 

 3. General queries on GSTR-1A. Should I file GSTR-1 even if there are no sales in a month?

Yes, filing GSTR 1 is mandatory. If your total sales for a year is less than Rs 1.5 crore you need to file the return on a quarterly basis

B. Can I upload invoice only while filing the return?You can upload invoices anytime. It is highly advised that you upload invoices at regular intervals during the month to avoid bulk upload at the time of filing return. This is because bulk upload takes a lot of time.

C. Can I change a bill uploaded on GST?After uploading bills you can make changes multiple times. There is no restriction on changing invoices after uploading them. But you can change an invoice only before submitting a return. Once submitted the numbers are frozen.

D. Should I file GSTR-1 even after filing GSTR-3B?GSTR-3B is a simple return to be filed by traders on a monthly basis only till March 2018. You still need to file the return on a monthly or a quarterly basis.

E. I have opted for composition scheme. Should I file GSTR-1?GSTR-1 should not be filed by you. GSTR-4 on a quarterly basis has to be filed by a taxpayer opting for composition scheme.

F. Should I make GST payment after filing GSTR-1?GSTR-1 is a return where details of sales are filed with the government. No tax has to be paid after filing this return. The tax has to be paid at the time of filing GSTR-3B (until March 2018).

G. I filed GSTR-1 for July 2017. My annual sales are below Rs. 1.5 lakh. Should I file a quarterly or monthly return?You need to file a quarterly return. Also since July return is already filed you should omit July sales from your return.

H. Can amendments be made to details already filed in GSTR-1? If yes, then what will be the filing period to make amendments?

Yes, you can make amendments to an already filed GSTR-1 of a particular tax period by declaring the amended details in the returnFor example: Mr. X of Kerala has sold goods to Mr. Y of Karnataka for INR 1,00,000 on 30th August 2017 and declared in the GSTR-1 of August 2017.Now he realised that he made a mistake in the date of invoice, so he can make an amended invoice with correct invoice date i.e. 16th August 2017This amended invoice can be shown in the GSTR 1 of September 2017I. What should the ‘Revised date’ be in the amended invoice?The ‘Revised date’ to be mentioned in an amended invoice must be not later than the last date of the original invoice tax period.For example, if an original invoice dated 12/07/2017 is being amended in August then the revised invoice date cannot be later than 31/07/2017J. What are the amendments not admissible or not allowed?Following details cannot be amended at Invoice level :1. The Customer GSTIN2. Changing a tax invoice into bill of supply3. Following with respect to Export Invoices cannot be amended:a) Shipping Bill Date/Bill of Export Dateb) Type of Export- With/Without payment4. Following with respect to Credit Debit Notes cannot be amended:a) Receiver/Customer GSTIN. Note: However you may amend & link any other invoice for the same GSTIN.b) Place of Supplyc) Reverse charge applicableReason: Since the above details are based on the original Invoice which itIs linked to, Hence these details must match with the details of the linkedInvoice.5. If the receiver of goods has taken action on the invoices i.e. accepted or modified and the supplier accepts such modifications in GSTR-1A, he will not be allowed to amend those invoices. The reason is that those invoices will automatically get reflected in the GSTR-1 of the supplier in the month of such acceptance under the relevant amendments table.Following details cannot be amended at summary levelNil RatedHSN summary of Outward suppliesCannot add a new place of supplyNote: However, you can replace the existing place of supply with another place of supply with some limitations. Refer the examples given belowK. What are the amendments allowable with respect to the Place of supply?With respect to Place of Supply, note the following:You can amend the original place of supply for a transaction.You cannot add any new place of supply to a transaction.Let us understand the above with the following scenarios:Nature Place of supply Rate of Tax Taxable Value AmendmentOriginal Kerala 18% 10000 AllowedAmended To Karnataka 18% 10000Original Kerala 28% 50000 AllowedAmended To Karnataka 18% 50000Original Karnataka 5% 10000 Allowed12% 20000Amended To Karnataka 18% 30000Original Kerala 18% 60000 AllowedAmended To Karnataka 28% 20000Karnataka 12% 40000Original Kerala 18% 60000 Not Allowed12% 40000Amended To Karnataka 28% 50000Kerala 12% 50000 We can see that in all those cases where the original place of supply was amended from Kerala to Karnataka (whether or not there was a change in tax rates or invoicing), the amendment is allowed.But in the last case where in addition to Kerala, Karnataka is also added as a place of supply ( irrespective of change in tax rates or invoicing ) amendment does not hold good.L. Where to show the amended invoices in GSTR-1?Declare the amended invoices or details in the tax period in which the amendment takes place as follows: Sl. no. Type of Amendment Explanation1 B2B Amendments (9A) Amendments made in the invoices already issued earlier must be reported here.These are the invoices for taxable supplies made to registered taxpayers including supplies made to SEZ/ SEZ Developers with or without payment of taxes and deemed exports.2 B2C Large Amendments (9A) Amendments in the original invoices already issued must be mentioned hereThese reflect original invoices issued for taxable outward supplies made to unregistered taxpayers where1. Supply is made interstate and2. Total invoice value is more than Rs 2,50,000/-3 Credit/Debit Notes (Registered) Amendments(9C) Credit or debit note amended against already issued Credit or debit note reported under B2B (i.e where supply is made to registered taxpayer), will be reported here.4 Credit Debit Note (Unregistered) Amendments(9C) Amended Credit or debit note issued against original Credit or debit note reported under B2C Large and Export Invoices section, will be reported here.5 Export Invoices Amendments(9A) Amended invoices issued against already issued original invoices must be reported here.Export invoices includes1. Export under bond/LUT-If you are exporting under bond or letter of undertaking and not paying IGST.2. Export with IGST-If you are exporting without furnishing bond/letter of supply and paying IGST on such supply(It excludes deemed exports & supply to SEZ)6 B2C Others Amendments (10) Amendments made in the invoices already issued earlier must be reported here.These are all those invoices not covered under1. B2B2. B2C Large3. Exports7 Advances Received (Tax Liability) Amendments (11(2)) Any amendments made to the advances received in previous tax periods has to be declared here.8 Adjustment of Advances Amendments (11(2)) Any amendments made to the advances adjusted in previous tax periods has to be declared here.

Unit Conversion Made Simple

What is GSTR-1?

GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales.The return has a total of 13 sections. 

b. When is GSTR-1 due?

The due dates for GSTR-1 are based on your turnover.Businesses with sales of upto Rs. 1.5 crore will file quarterly returns.Other taxpayers with sales above Rs. 1.5 crore have to file monthly return.Here are the due dates for the return until March 2018. Period Due dateApr-Jun 2018 31st July 2018Jul-Sept 2018 31st Oct 2018Oct-Dec 2018 31st Jan 2019Jan-Mar 2018 30th Apr 2019If your turnover is greater than Rs. 1.5 crore a return should be filed for every month.October 201811th November 2018November 201811th December 2018Period Due dateJune 2018 10th July 2018July 2018 11th August 2018August 2018 11th September 2018September 2018 11th October 2018 

c. Who should file GSTR-1?

Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.The following registered persons are exempt from filing the return:Input Service DistributorsComposition DealersSuppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)Non-resident taxable personTaxpayer liable to collect TCSTaxpayer liable to deduct TDS 

d. How to revise GSTR-1?

Return once filed cannot be revised. Any mistake made in the return can be rectified in the next periods (month/quarter) return. It means that if a mistake is made in September GSTR-1, rectification for the same can be made in October’s GSTR-1. e. Late Fees and PenaltyLate Fees for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per CGST Act and Rs. 100 as per SGST Act. The late fees will be charged from the date after the due date.Latest Update: The late fees have been reduced to Rs. 50 per day and Rs 20 per day (for nil return)

 2. How to file GSTR-1 on ClearTax GST Software?

FIling on ClearTax GST Software is simple and quick. Here is a detailed guide to file GSTR-1 on ClearTax GST Software. ClearTax GST Advantage:Sales invoices can be imported to the software.Update values on GST Portal/ GSTN without login to GST Portal.Import of sales details from Tally/Busy or Government SoftwareBulk updation of invoices. 

 3. General queries on GSTR-1A. Should I file GSTR-1 even if there are no sales in a month?

Yes, filing GSTR 1 is mandatory. If your total sales for a year is less than Rs 1.5 crore you need to file the return on a quarterly basis

B. Can I upload invoice only while filing the return?You can upload invoices anytime. It is highly advised that you upload invoices at regular intervals during the month to avoid bulk upload at the time of filing return. This is because bulk upload takes a lot of time.

C. Can I change a bill uploaded on GST?After uploading bills you can make changes multiple times. There is no restriction on changing invoices after uploading them. But you can change an invoice only before submitting a return. Once submitted the numbers are frozen.

D. Should I file GSTR-1 even after filing GSTR-3B?GSTR-3B is a simple return to be filed by traders on a monthly basis only till March 2018. You still need to file the return on a monthly or a quarterly basis.

E. I have opted for composition scheme. Should I file GSTR-1?GSTR-1 should not be filed by you. GSTR-4 on a quarterly basis has to be filed by a taxpayer opting for composition scheme.

F. Should I make GST payment after filing GSTR-1?GSTR-1 is a return where details of sales are filed with the government. No tax has to be paid after filing this return. The tax has to be paid at the time of filing GSTR-3B (until March 2018).

G. I filed GSTR-1 for July 2017. My annual sales are below Rs. 1.5 lakh. Should I file a quarterly or monthly return?You need to file a quarterly return. Also since July return is already filed you should omit July sales from your return.

H. Can amendments be made to details already filed in GSTR-1? If yes, then what will be the filing period to make amendments?

Yes, you can make amendments to an already filed GSTR-1 of a particular tax period by declaring the amended details in the returnFor example: Mr. X of Kerala has sold goods to Mr. Y of Karnataka for INR 1,00,000 on 30th August 2017 and declared in the GSTR-1 of August 2017.Now he realised that he made a mistake in the date of invoice, so he can make an amended invoice with correct invoice date i.e. 16th August 2017This amended invoice can be shown in the GSTR 1 of September 2017I. What should the ‘Revised date’ be in the amended invoice?The ‘Revised date’ to be mentioned in an amended invoice must be not later than the last date of the original invoice tax period.For example, if an original invoice dated 12/07/2017 is being amended in August then the revised invoice date cannot be later than 31/07/2017J. What are the amendments not admissible or not allowed?Following details cannot be amended at Invoice level :1. The Customer GSTIN2. Changing a tax invoice into bill of supply3. Following with respect to Export Invoices cannot be amended:a) Shipping Bill Date/Bill of Export Dateb) Type of Export- With/Without payment4. Following with respect to Credit Debit Notes cannot be amended:a) Receiver/Customer GSTIN. Note: However you may amend & link any other invoice for the same GSTIN.b) Place of Supplyc) Reverse charge applicableReason: Since the above details are based on the original Invoice which itIs linked to, Hence these details must match with the details of the linkedInvoice.5. If the receiver of goods has taken action on the invoices i.e. accepted or modified and the supplier accepts such modifications in GSTR-1A, he will not be allowed to amend those invoices. The reason is that those invoices will automatically get reflected in the GSTR-1 of the supplier in the month of such acceptance under the relevant amendments table.Following details cannot be amended at summary levelNil RatedHSN summary of Outward suppliesCannot add a new place of supplyNote: However, you can replace the existing place of supply with another place of supply with some limitations. Refer the examples given belowK. What are the amendments allowable with respect to the Place of supply?With respect to Place of Supply, note the following:You can amend the original place of supply for a transaction.You cannot add any new place of supply to a transaction.Let us understand the above with the following scenarios:Nature Place of supply Rate of Tax Taxable Value AmendmentOriginal Kerala 18% 10000 AllowedAmended To Karnataka 18% 10000Original Kerala 28% 50000 AllowedAmended To Karnataka 18% 50000Original Karnataka 5% 10000 Allowed12% 20000Amended To Karnataka 18% 30000Original Kerala 18% 60000 AllowedAmended To Karnataka 28% 20000Karnataka 12% 40000Original Kerala 18% 60000 Not Allowed12% 40000Amended To Karnataka 28% 50000Kerala 12% 50000 We can see that in all those cases where the original place of supply was amended from Kerala to Karnataka (whether or not there was a change in tax rates or invoicing), the amendment is allowed.But in the last case where in addition to Kerala, Karnataka is also added as a place of supply ( irrespective of change in tax rates or invoicing ) amendment does not hold good.L. Where to show the amended invoices in GSTR-1?Declare the amended invoices or details in the tax period in which the amendment takes place as follows: Sl. no. Type of Amendment Explanation1 B2B Amendments (9A) Amendments made in the invoices already issued earlier must be reported here.These are the invoices for taxable supplies made to registered taxpayers including supplies made to SEZ/ SEZ Developers with or without payment of taxes and deemed exports.2 B2C Large Amendments (9A) Amendments in the original invoices already issued must be mentioned hereThese reflect original invoices issued for taxable outward supplies made to unregistered taxpayers where1. Supply is made interstate and2. Total invoice value is more than Rs 2,50,000/-3 Credit/Debit Notes (Registered) Amendments(9C) Credit or debit note amended against already issued Credit or debit note reported under B2B (i.e where supply is made to registered taxpayer), will be reported here.4 Credit Debit Note (Unregistered) Amendments(9C) Amended Credit or debit note issued against original Credit or debit note reported under B2C Large and Export Invoices section, will be reported here.5 Export Invoices Amendments(9A) Amended invoices issued against already issued original invoices must be reported here.Export invoices includes1. Export under bond/LUT-If you are exporting under bond or letter of undertaking and not paying IGST.2. Export with IGST-If you are exporting without furnishing bond/letter of supply and paying IGST on such supply(It excludes deemed exports & supply to SEZ)6 B2C Others Amendments (10) Amendments made in the invoices already issued earlier must be reported here.These are all those invoices not covered under1. B2B2. B2C Large3. Exports7 Advances Received (Tax Liability) Amendments (11(2)) Any amendments made to the advances received in previous tax periods has to be declared here.8 Adjustment of Advances Amendments (11(2)) Any amendments made to the advances adjusted in previous tax periods has to be declared here.

Gst billing softwarte kerala

Basics of GSTR-1a. 

What is GSTR-1?

GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales.The return has a total of 13 sections. 

b. When is GSTR-1 due?

The due dates for GSTR-1 are based on your turnover.Businesses with sales of upto Rs. 1.5 crore will file quarterly returns.Other taxpayers with sales above Rs. 1.5 crore have to file monthly return.Here are the due dates for the return until March 2018. Period Due dateApr-Jun 2018 31st July 2018Jul-Sept 2018 31st Oct 2018Oct-Dec 2018 31st Jan 2019Jan-Mar 2018 30th Apr 2019If your turnover is greater than Rs. 1.5 crore a return should be filed for every month.October 201811th November 2018November 201811th December 2018Period Due dateJune 2018 10th July 2018July 2018 11th August 2018August 2018 11th September 2018September 2018 11th October 2018 

c. Who should file GSTR-1?

Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.The following registered persons are exempt from filing the return:Input Service DistributorsComposition DealersSuppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)Non-resident taxable personTaxpayer liable to collect TCSTaxpayer liable to deduct TDS 

d. How to revise GSTR-1?

Return once filed cannot be revised. Any mistake made in the return can be rectified in the next periods (month/quarter) return. It means that if a mistake is made in September GSTR-1, rectification for the same can be made in October’s GSTR-1. e. Late Fees and PenaltyLate Fees for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per CGST Act and Rs. 100 as per SGST Act. The late fees will be charged from the date after the due date.Latest Update: The late fees have been reduced to Rs. 50 per day and Rs 20 per day (for nil return)

 2. How to file GSTR-1 on ClearTax GST Software?

FIling on ClearTax GST Software is simple and quick. Here is a detailed guide to file GSTR-1 on ClearTax GST Software. ClearTax GST Advantage:Sales invoices can be imported to the software.Update values on GST Portal/ GSTN without login to GST Portal.Import of sales details from Tally/Busy or Government SoftwareBulk updation of invoices. 

 3. General queries on GSTR-1A. Should I file GSTR-1 even if there are no sales in a month?

Yes, filing GSTR 1 is mandatory. If your total sales for a year is less than Rs 1.5 crore you need to file the return on a quarterly basis

B. Can I upload invoice only while filing the return?You can upload invoices anytime. It is highly advised that you upload invoices at regular intervals during the month to avoid bulk upload at the time of filing return. This is because bulk upload takes a lot of time.

C. Can I change a bill uploaded on GST?After uploading bills you can make changes multiple times. There is no restriction on changing invoices after uploading them. But you can change an invoice only before submitting a return. Once submitted the numbers are frozen.

D. Should I file GSTR-1 even after filing GSTR-3B?GSTR-3B is a simple return to be filed by traders on a monthly basis only till March 2018. You still need to file the return on a monthly or a quarterly basis.

E. I have opted for composition scheme. Should I file GSTR-1?GSTR-1 should not be filed by you. GSTR-4 on a quarterly basis has to be filed by a taxpayer opting for composition scheme.

F. Should I make GST payment after filing GSTR-1?GSTR-1 is a return where details of sales are filed with the government. No tax has to be paid after filing this return. The tax has to be paid at the time of filing GSTR-3B (until March 2018).

G. I filed GSTR-1 for July 2017. My annual sales are below Rs. 1.5 lakh. Should I file a quarterly or monthly return?You need to file a quarterly return. Also since July return is already filed you should omit July sales from your return.

H. Can amendments be made to details already filed in GSTR-1? If yes, then what will be the filing period to make amendments?

Yes, you can make amendments to an already filed GSTR-1 of a particular tax period by declaring the amended details in the returnFor example: Mr. X of Kerala has sold goods to Mr. Y of Karnataka for INR 1,00,000 on 30th August 2017 and declared in the GSTR-1 of August 2017.Now he realised that he made a mistake in the date of invoice, so he can make an amended invoice with correct invoice date i.e. 16th August 2017This amended invoice can be shown in the GSTR 1 of September 2017I. What should the ‘Revised date’ be in the amended invoice?The ‘Revised date’ to be mentioned in an amended invoice must be not later than the last date of the original invoice tax period.For example, if an original invoice dated 12/07/2017 is being amended in August then the revised invoice date cannot be later than 31/07/2017J. What are the amendments not admissible or not allowed?Following details cannot be amended at Invoice level :1. The Customer GSTIN2. Changing a tax invoice into bill of supply3. Following with respect to Export Invoices cannot be amended:a) Shipping Bill Date/Bill of Export Dateb) Type of Export- With/Without payment4. Following with respect to Credit Debit Notes cannot be amended:a) Receiver/Customer GSTIN. Note: However you may amend & link any other invoice for the same GSTIN.b) Place of Supplyc) Reverse charge applicableReason: Since the above details are based on the original Invoice which itIs linked to, Hence these details must match with the details of the linkedInvoice.5. If the receiver of goods has taken action on the invoices i.e. accepted or modified and the supplier accepts such modifications in GSTR-1A, he will not be allowed to amend those invoices. The reason is that those invoices will automatically get reflected in the GSTR-1 of the supplier in the month of such acceptance under the relevant amendments table.Following details cannot be amended at summary levelNil RatedHSN summary of Outward suppliesCannot add a new place of supplyNote: However, you can replace the existing place of supply with another place of supply with some limitations. Refer the examples given belowK. What are the amendments allowable with respect to the Place of supply?With respect to Place of Supply, note the following:You can amend the original place of supply for a transaction.You cannot add any new place of supply to a transaction.Let us understand the above with the following scenarios:Nature Place of supply Rate of Tax Taxable Value AmendmentOriginal Kerala 18% 10000 AllowedAmended To Karnataka 18% 10000Original Kerala 28% 50000 AllowedAmended To Karnataka 18% 50000Original Karnataka 5% 10000 Allowed12% 20000Amended To Karnataka 18% 30000Original Kerala 18% 60000 AllowedAmended To Karnataka 28% 20000Karnataka 12% 40000Original Kerala 18% 60000 Not Allowed12% 40000Amended To Karnataka 28% 50000Kerala 12% 50000 We can see that in all those cases where the original place of supply was amended from Kerala to Karnataka (whether or not there was a change in tax rates or invoicing), the amendment is allowed.But in the last case where in addition to Kerala, Karnataka is also added as a place of supply ( irrespective of change in tax rates or invoicing ) amendment does not hold good.L. Where to show the amended invoices in GSTR-1?Declare the amended invoices or details in the tax period in which the amendment takes place as follows: Sl. no. Type of Amendment Explanation1 B2B Amendments (9A) Amendments made in the invoices already issued earlier must be reported here.These are the invoices for taxable supplies made to registered taxpayers including supplies made to SEZ/ SEZ Developers with or without payment of taxes and deemed exports.2 B2C Large Amendments (9A) Amendments in the original invoices already issued must be mentioned hereThese reflect original invoices issued for taxable outward supplies made to unregistered taxpayers where1. Supply is made interstate and2. Total invoice value is more than Rs 2,50,000/-3 Credit/Debit Notes (Registered) Amendments(9C) Credit or debit note amended against already issued Credit or debit note reported under B2B (i.e where supply is made to registered taxpayer), will be reported here.4 Credit Debit Note (Unregistered) Amendments(9C) Amended Credit or debit note issued against original Credit or debit note reported under B2C Large and Export Invoices section, will be reported here.5 Export Invoices Amendments(9A) Amended invoices issued against already issued original invoices must be reported here.Export invoices includes1. Export under bond/LUT-If you are exporting under bond or letter of undertaking and not paying IGST.2. Export with IGST-If you are exporting without furnishing bond/letter of supply and paying IGST on such supply(It excludes deemed exports & supply to SEZ)6 B2C Others Amendments (10) Amendments made in the invoices already issued earlier must be reported here.These are all those invoices not covered under1. B2B2. B2C Large3. Exports7 Advances Received (Tax Liability) Amendments (11(2)) Any amendments made to the advances received in previous tax periods has to be declared here.8 Adjustment of Advances Amendments (11(2)) Any amendments made to the advances adjusted in previous tax periods has to be declared here.

GST Billing Software Kerala

 What is GST?

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.

In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India.

GST is one indirect tax for the entire country.

So, before Goods and Service Tax, the pattern of tax levy was as follows:

Under the GST regime, the tax will be levied at every point of sale. In case of intra-state sales, Central GST and State GST will be charged. Inter-state sales will be chargeable to Integrated GST.

Now let us try to understand the definition of Goods and Service Tax – “GST is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.”

Multi-stage

There are multiple change-of-hands an item goes through along its supply chain: from manufacture to final sale to the consumer.

Let us consider the following case:

• Purchase of raw materials
• Production or manufacture
• Warehousing of finished goods
• Sale to wholesaler
• Sale of the product to the retailer
• Sale to the end consumer

Goods and Services Tax will be levied on each of these stages which makes it a multi-stage tax.

Value Addition

The manufacturer who makes biscuits buys flour, sugar and other material. The value of the inputs increases when the sugar and flour are mixed and baked into biscuits.

The manufacturer then sells the biscuits to the warehousing agent who packs large quantities of biscuits and labels it. That is another addition of value after which the warehouse sells it to the retailer.

The retailer packages the biscuits in smaller quantities and invests in the marketing of the biscuits thus increasing its value.

GST will be levied on these value additions i.e. the monetary worth added at each stage to achieve the final sale to the end customer.

Destination-Based

Consider goods manufactured in Maharashtra and are sold to the final consumer in Karnataka. Since Goods & Service Tax is levied at the point of consumption, in this case, Karnataka, the entire tax revenue will go to Karnataka and not Maharashtra.

Best GST Billing Software In Kerala

Basics of GSTR-1

a. What is GSTR-1?

GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales.

The return has a total of 13 sections.

b. When is GSTR-1 due?

The due dates for GSTR-1 are based on your turnover.

Businesses with sales of upto Rs. 1.5 crore will file quarterly returns.

Other taxpayers with sales above Rs. 1.5 crore have to file monthly return.

Here are the due dates for the return until March  2018.

Period	Due date
Apr-Jun 2018	31st July 2018
Jul-Sept 2018	31st Oct 2018
Oct-Dec 2018	31st Jan 2019
Jan-Mar 2018	30th Apr 2019

If your turnover is greater than Rs. 1.5 crore a return should be filed for every month.

October 201811th November 2018November 201811th December 2018

Period	Due date
June 2018	10th July 2018
July 2018	11th August 2018
August 2018	11th September 2018
September 2018	11th October 2018

c. Who should file GSTR-1?

Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.

The following registered persons are exempt from filing the return:

• Input Service Distributors
• Composition Dealers
• Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)
• Non-resident taxable person
• Taxpayer liable to collect TCS
• Taxpayer liable to deduct TDS

d. How to revise GSTR-1?

Return once filed cannot be revised. Any mistake made in the return can be rectified in the next periods (month/quarter) return. It means that if a mistake is made in September GSTR-1, rectification for the same can be made in October’s GSTR-1.

e. Late Fees and Penalty

Late Fees for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per CGST Act and Rs. 100 as per SGST Act. The late fees will be charged from the date after the due date.

Billing Software in Kerala

Status of Implementation across India

Inter-State movement of goods has seen rise in numbers of generation of eway bills ever since its implementation began from 1st April 2018. State-wise implementation of e-way bill system has seen a good response with all the States and Union Territories joining the league in the generation of eway bills for movement of goods within the State/UT. However, reliefs have been provided to people of few States by way of exempting them from eway bill generation in case of monetary limits falling below threshold amount or certain specified items. For Instance, Tamil Nadu has exempted people of its State from the generation of eway bill if the monetary limit of the items falls below Rs. One Lakh. To know more of such reliefs for other States/UTs, visit commercial tax websites for each of such States/UTs.

GST Billing Software In Kerala

What is GST Return?

A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.

Under GST, a registered dealer has to file GST returns that include:

• Purchases
• Sales
• Output GST (On sales)
• Input tax credit (GST paid on purchases)

To file GST returns, GST compliant sales and purchase invoices are required. You can generate GST compliant invoices for free on ClearTax BillBook.

2. Who should file GST Returns?

In the GST regime, any regular business has to file two monthly returns and one annual return. This amounts to 26 returns in a year.

The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other return GSTR 3B will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.

There are separate returns required to be filed by special cases such as composition dealers.

3. What are the types of GST Returns?

Here is a list of all the returns to be filed as prescribed under the GST Law along with the due dates.

3.1. Any regular business:

As per the CGST Act ( Note : subject to change by Notifications /orders)

Return Form	Particulars	Interval	Due Date
GSTR-1	Details of outward supplies of taxable goods and/or services affected from July 2018 to March 2019 ( Taxpayers whose turnover is more than Rs. 1.5 Crores in previous year)	Monthly*	11th of the next month**
GSTR-2	Details of inward supplies of taxable goods and/or services effected claiming input tax credit.	Monthly*	15th of the next month (Suspended now )
GSTR-3	Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.	Monthly*	20th of the next month
GSTR-9	Annual Return	Annually	31st December of next financial year
GSTR-3B	Return for the months of up to March 2019	Monthly	20th of the next month

** Details of outward supplies of taxable goods and/or services affected till June 2018 will be 10th of the next month.

** Taxpayers whose turnover was less than Rs. 1.5 Crores in the previous financial year has the option to file a quarterly GSTR-1 by end of the next month affected July 2018 to March 2019.

3.2. A dealer opting for composition scheme :

A composition dealer will enjoy the benefits of lesser returns & compliance along with payment of taxes at nominal rates. A composition dealer will file only 2 returns:

Return Form	Particulars	Interval	Due Date
GSTR-4	Return for compounding taxable person	Quarterly	18th of the month succeeding quarter**
GSTR-9A	Annual Return	Monthly	31st December of next financial year

3.3. Returns to be filed by certain specific registered dealers:

Return Form	Particulars	Interval	Due Date
GSTR-5	Return for Non-Resident foreign taxable person	Monthly	20th of the next month***
GSTR-5A	Return for Non-resident persons providing OIDAR services	Monthly	20th of the next month***
GSTR-6	Return for Input Service Distributor	Monthly	13th of the next month***
GSTR-7	Return for authorities deducting tax at source.	Monthly	10th of the next month
GSTR-8	Details of supplies effected through e-commerce operator and the amount of tax collected	Monthly	10th of the next month
GSTR-10	Final Return	Once. When registration is cancelled or surrendered	Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11	Details of inward supplies to be furnished by a person having UIN and claiming refund	Monthly	28th of the month following the month for which statement is filed

Here is a video to understand who should file GST Return and why should it be filed –

Here is a video to understand who should file GST Return and why should it be filed –

4.Due Dates to file GST Returns

Due Dates for filing GST Returns can be extended by issuing Orders or Notifications. Here, we have got for you the list of upcoming GST returns due dates that you must not miss!

GSTR-1

For turnover upto Rs 1.5 cr and who opted Quarterly filing

Period	Due dates
Jan- Mar	30th April 2018
Apr-June 2018	31st July 2018
July-Sept 2018	31st Oct 2018

For turnover of more than Rs 1.5 cr/ For turnover of less than 1.5 cr but opted Monthly filing

Period	Dates
April 2018	31st May 2018
May 2018	10th June 2018
June 2018	10th July 2018
July 2018	10th Aug 2018
Aug 2018	10th Sept 2018
Sept 2018	10th Oct 2018

GSTR-2 and GSTR-3

GSTR-2 and GSTR-3 filing has been suspended.  Know more about what was discussed on Return filing at 27th GST Council Meeting!

GSTR-3B

• GSTR-3B has been extended to March 2019.
• All businesses have to file GSTR-3B by 20th of next month until March 2019.

Due date for the month September 2018 is 20th October 2018.

GSTR-4

Due date  for the quarter July 2018 to September 2018 is 18th October 2018

GSTR-5

Due date for September 2018 is 20th October 2018

GSTR-5A

Due date for September 2018 is 20th October 2018

GSTR-6

Due date of GSTR-6 for the months from July 2017 to August 2018 is extended to 30th September 2018.

5. Late Fees for not Filing Return on Time

If GST Returns are not filed within time, you will be liable to pay interest and a late fee.

Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing to the date of payment.

Late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. Maximum is Rs. 5,000. There is no late fee on IGST.

Update as on 7th March 2018!

• CBEC withdraws the reduction in Late fees for only GSTR-5A charged for delay in return filing with effect from 7th March 2018.

This means that the late fees to be paid by taxpayers for late-filing of GSTR-5A now stands at a total of Rs. 200 per day of delay (Rs. 100 per day of delay for NIL return) subject to the maximum cap in the late fees at Rs. 5,000

As on 7th March 2018, the reduced late fees for other returns such as GSTR-1, GSTR-3B(October 2017 onwards), GSTR-4, GSTR-5 &  GSTR-6 continue to apply.

There are prescribed formats for each of the above of the returns. The forms may seem complex and difficult to understand. Do not worry, you can file your returns very easily usingClearTax GST Software. 

Sign-up now and try it yourself.

ALL ARTICLES

1. Everything you need to know about GSTR 4A
   GSTR 4A is a record of all invoices received by the composition dealers from the suppliers in a particular tax period. Read to know more about Form GSTR-4A.
2. GST Sahaj Return
   The GST council announced the new GST quarterly returns for small taxpayers known as Sahaj & Sugam. Read to know about Sahaj form in detail.
3. GST Sugam Return
   The GST council introduced new quarterly returns called Sahaj & Sugam in 27th GST council meeting. Let us know the GST Sugam returns in detail.
4. Guide to Download GSTR 2A in Excel
   GSTR 2A for reconciliation can be downloaded from the GST portal in JSON and excel format. Know the steps to download GSTR 2A in excel format.
5. GSTR 9C : Reconciliation Statement & Certification- Filing, Format & Rules
   GSTR-9C is to be filed where the taxpayer is subject to GST Audit for FY. Get to know about this reconciliation statement, certification & filing process
6. GSTR-9A – Overview, Due Dates & Format
   GSTR-9A forms are released and must be filed by Composition dealers by 31st December 2018. Know the rules and compliance around this.
7. Guide To File GSTR-5A on GST Portal
   GSTR-5A must be filed monthly by 20th of next month by OIDAR service provider. Here are steps to be followed to file this GST returns on the Government portal.
8. GUIDE TO FILE GSTR-5 ON GST PORTAL
   GSTR-5 must be filed monthly by 20th of next month by Non resident GST taxpayers. Here is step-by-step guide to file GSTR-5 on GST portal.
9. Information return under GST
   The government mandates the filing of Information Returns under GST for certain class of persons. Information returns are not tax returns.
10. GSTR 5A GST For Non-Resident OIDAR Service Providers
    Filing GSTR 5A is mandatory for the non-resident OIDAR service providers even if there is no business activity within 20th day of the succeeding month
11. Checksum Validation Failed Error in GST Return
    GST Return filers are getting an error called 'Checksum Validation: Failed' while filing their GSTR-3B and GSTR-4. Here are a few solutions that might work.
12. Amendments of Details in GSTR 1 and Error Messages
    Amendments can be made in each invoice and details at summary level also. Both type of amendments have there own limitations. Read this article to know more
13. GSTR-06 : Guide to File on GST Portal
    Learn to file GSTR-06 on the GST Portal. GSTR-06 is a monthly return to be filed by Input Service Distributor. Important return for distribution of credit.
14. Table 6A of GSTR-1 : Refund on Export
    A dealer who wants to claim refund on export has to file the Table 6A of GSTR-1. Here is a guide on how to do file the Table 6A of GSTR-1 on GST portal
15. Details to be mentioned in GSTR-4 Return
    GSTR-4 is a quarterly return to be filed by Composition dealers. This article contains in detail each section and the details to be provided in it.
16. Is it Possible to Revise GSTR-3B ?
    not possible to revise GSTR-3B once filed. But Government has now allowed to ‘Reset GSTR 3B’ after submission but before filing the return.
17. Details to be Mentioned in GSTR-1 Return
    GSTR 1 is a monthly or quarterly return to be filed by a regular taxpayer. This article is a detailed analysis of GST Form GSTR-1.
18. Guide to File GSTR-3B using Tally
    All regular taxpayers have to file GSTR-3B every month. Here is a step-by-step guide for Tally users to generate the report and enter values in GST Portal.
19. Guide to File GSTR-3B on GST Portal
    GSTR-3B is a monthly return required to be filed by all regular taxpayers till June 2018. Here is a step-by-step guide to filing your return on GST Portal.
20. Guide on filing GSTR-4 on GST Portal
    A step-by-step guide on filing GSTR-4 on GST Portal to help composition dealers in easy GST return filing.
21. GSTR-2A: Convert JSON to Excel Format
    A dealer has to convert GSTR-2A JSON to Excel. This conversion is required for matching and reconciliation, an important step in GSTR 2 return filing.
22. Guide on GSTR-2 Filing on GST Portal
    GSTR-2 is a return containing details of all inward supplies. Based on this return the Input Tax Credit that a taxpayer is eligible to avail is determined.
23. GSTR-3A: Notice for Defaulters
    GSTR-3A is a notice sent by the tax authorities to defaulters who do not file their GST returns.
24. Edit GSTR-1 Return Before Filing on GST Portal
    To modify, add or delete details in invoices entered on GST Portal one can download and make changes GSTR 1 and upload it on the GST website.