GSTR6 Monthly return for ISDs (This return contains the details of the taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, invoice-level supply details from the GSTR-1 of counter-parties, invoice details, including the GSTIN of the taxpayer receiving the ...
GST Return Forms for Regular Business GSTR-1 IGSTR-1is a monthly or quarterly return filed by every registered dealer in order to show the details of their outward supplies i.e. sales. There are total 13 sections inGSTR-1. GSTR-2 ...
When you have a registered your business, it becomes mandatory for you to file a monthly/quarterly and a yearly GST (Goods and Service Tax) return. Your GST return will be based on the type of business you have. The government has simplified the process to file the GST returns on theGST...
For example, if a manufacturer purchases raw materials costing ₹100 and pays 5% GST, the total cost becomes ₹105. Upon adding ₹50 in value to the product, he sells it for ₹155. The GST on ₹155 is ₹7.75, but he can claim an input tax credit of ₹5 for the GST p...
Financial entities can issue a single monthly tax document that covers all supplies for that period. Passenger transportation service providers can use tickets as tax invoices. GST invoice Rules Below are a few importantGST rules: Minimum Amount for Raising a GST Invoice ...
The GSTR-3B form should be submitted by any business that is liable to file the monthly returns GSTR-1, GSTR-2 and GSTR-3. The GSTR-3B form can be easily filed online through the GSTN portal. The tax payable can be paid through challans in banks or online payment. You either ...
Before filing the annual return. The last date for annual return filing is 31st December, following the end of the financial year. How to Claim ITC in GST? A taxpayer can claim the ITC while filing the monthly GST returns via Form GSTR - 3B. Table 4 within GSTR-3B is used exclusively...
How professional tax return is filed? Within 60 days of the year's end, any employer registered under the Profession Tax Act must submit an annual return on Form 5. Additionally, the Employer must provide a monthly statement in Form 5A and pay the total Tax due based on the return, less...
The e-invoice process involves all information transferred from this portal to GST portal and the e-way bill portal in real-time. Therefore, it eliminates the need for manual data entry while filing GSTR-1, a monthly/quarterly return, and generation of the e-way bills. This is because...
In general, JCT returns must be filed annually. A corporation must file its annual JCT return within two months after its fiscal year-end. Businesses may opt to file JCT returns monthly or quarterly instead of annually. Stripe Tax can make filing and remittance easier. With ourtrusted global ...