(Rs. 10 lakh for special category States)
GST Portal features (gst.gov.in)
For Tax professionals
Some important GST returns
|GSTR – 1||Outward Supplies||10th of next month|
|GSTR – 2||Inward Supplies||15th of next month|
|GSTR – 3||Monthly Return||20th of next month|
|GSTR – 4||Compounding Taxpayers Return||18th of next month next to the Quarter|
|GSTR – 5||Non-resident Taxpayers Return||Within 7 days of the last day of registration|
|GSTR – 6||Input Service Distributors Return||13thof next month|
|GSTR – 7||TDS Return||10thof next month|
|GSTR – 8||E-commerce||10th of the next month|
|GSTR – 9||Annual Return||31st Dec of next F.Y.|
|GSTR – 10||Final Return||Applicable for cancellation of registration|
Fundamental Changes from Existing to new Tax Regime
How to adjust the Credit?
Setoff of IGST, CGST & SGST will be as follows in the below mentioned chronological order only.
GSTR-1 : Submission Level
Matching cannot be done for ITC/ Output Tax Liability
If the supplier
What impact GST will have on pricing of products as compared to current scenario?
Let us take an EXAMPLE to understand this clearly.
In the above example, you can note that the tax paid on sale within state can be claim against tax paid on sale outside state in GST system, which is not in present tax system.
The credit of CGST cannot be taken against SGST and credit of SGST cannot be taken against CGST but both credits can be taken against IGST.
For India GST, the following is the format for the India GST number that contains the Indian State Code, the Indian PAN number and the other values.
|State Code||PAN||Entity Code||Blank||
The list of India State Codes for GST reporting
|State / UT Code||State /Union Territory Name||State / UT Code||State /Union Territory Name|
|01||Jammu & Kashmir||20||Jharkhand|
|02||Himachal Pradesh||21||Odisha (Formerly Orissa|
|06||Haryana||25||Daman & Diu|
|07||Delhi||26||Dadra & Nagar Haveli|
|09||Uttar Pradesh||28||Andhra Pradesh|
|16||Tripura||35||Andaman & Nicobar Islands|
CA Shashank Agrawal