GST Return
✓ Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected
✓ Once you file GST returns, you will need to pay the resulting tax liability (money that you owe the government).
✓ GST return can be filed in different forms depending upon the nature of transaction and registration.
✓ Return Forms that are applicable for Normal Tax payers and their due dates are:
• Monthly Details of outward supplies in FORM GSTR-1 by the 10th of next month.
• Monthly Details of inward supplies in FORM GSTR-2 by the 15th of next month.
• Monthly Filing of Return along with payment of tax due in FORM GSTR-3 by the 20th of next month.
• Annual Filing of Return in FORM GSTR-9 by 31st December of next financial year.
✓ There are 3 taxes applicable under GST
• CGST: Collected by the Central Government on an intra-state sale
• SGST: Collected by the State Government on an intra-state sale
• IGST: Collected by the Central Government for inter-state sale
✓ Includes All Government Fees
✓ Includes Professional Fees also
✓ No Hidden Fees
✓ Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected
✓ Once you file GST returns, you will need to pay the resulting tax liability (money that you owe the government).
✓ GST return can be filed in different forms depending upon the nature of transaction and registration.
✓ Return Forms that are applicable for Normal Tax payers and their due dates are:
• Monthly Details of outward supplies in FORM GSTR-1 by the 10th of next month.
• Monthly Details of inward supplies in FORM GSTR-2 by the 15th of next month.
• Monthly Filing of Return along with payment of tax due in FORM GSTR-3 by the 20th of next month.
• Annual Filing of Return in FORM GSTR-9 by 31st December of next financial year.
✓ There are 3 taxes applicable under GST
• CGST: Collected by the Central Government on an intra-state sale
• SGST: Collected by the State Government on an intra-state sale
• IGST: Collected by the Central Government for inter-state sale
✓ Includes All Government Fees
✓ Includes Professional Fees also
✓ No Hidden Fees