Return Turnover Filing frequency Tax Period Late fees Interest GSTR 3B Up to 5 Cr Quarterly Mar – 21 Waived for 30 days Interest waived for 15 days and 9% from 16th to 30th day GSTR 3B Monthly Mar – 21 & Apr – 21 GSTR 3B Above 5 Cr. Monthly Mar – 21 & Apr – 21 Waived...
with one main return GST RET-1 and 2 annexures GST ANX-1 and GST ANX-2. This return will need to be filed on a monthly basis, except for small taxpayers who can opt to file the same quarterly. Find new gst rules, new gst return types, check current vs. new GST returns & more....
# Return Filing & Payment:-Every GST registrant requires to file three monthly/quarterly returns and One annual return. Requires paying tax every month. # Composition Scheme:-Business units having an annual turnover less than INR 1.5 crore may opt the scheme. Requires to pay subsidize tax range...
One will be eligible to avail input tax credit, raise GST-compliant invoices and can file GST returns monthly or quarterly. How much is the fees for GST registration? “No fee” is required for registering your business under GST. Who is not eligible for GST registration? Small businesses ...
Is the GST filing monthly or quarterly? GST filing frequency depends on your turnover and registration type. Regular taxpayers usually file monthly returns, while those under the composition scheme file quarterly returns. Is monthly GST return mandatory?
The Central Board of Indirect Taxes and Customs (CBIC) had published the Quarterly Return Monthly Payment Scheme. CBIC states that the enrolled individual to whom the return in form GSTR-3B is to be filed while providing the eligibility for QRMP, and those whose average turnover is Rs 5 ...
Preparation and filing of monthly/ Quarterly GST returns Preparation and filing of GST refund Application & follow up in the case of exporter Preparation and filing of Annual return. Preparation and filing of Annual Reconciliation Statement. GST Assessment Cancelation of GST Number Revocation of...
GST is often looked upon as a heavy-duty transformtion when it comes to compliance requirements. However, alongwith compliance requirements, it has also brought along availability of granular and timely data. With reporting frequency ranging from Monthly to Quarterly reporting and submission of invoice...
You must also start filing GST returns on a monthly or quarterly basis. What if my application is rejected? If rejected, check the reason provided by the authorities and rectify. You’re also allowed to file a new GST application or file an appeal within 30 days. 回到顶端 taxes and ...
The challan can be generated before, after, or during the return filing process. Quarterly Taxpayers (QRMP Scheme) For QRMP taxpayers, GST must be paid using the PMT-06 challan for the first two months of the quarter, with the GSTR-3B return filed in the last month. Payments for the ...