Compliances Under Gst

A Tax invoice is an invoice issued by a registered dealer to the purchaser, showing the amount of tax payable. The invoice should be created in triplicate – Original for recipient, Duplicate for Transporter and Triplicate for supplier.

A return is a document that a taxpayer is required to file as per the law with the tax administrative authorities. Under the GST law, a normal taxpayer will be required to furnish three returns monthly and one annual return. Similarly there are separate returns for a taxpayer registered under the composition scheme, taxpayer registered as an input service Distributor, a person liable to deduct or collect the tax (TDS/TCS)

TYPES OF RETURNS
GSTR-1 (Registered taxable supplier)
- Details of outward supplies of taxable goods and/or services effected.
- 10th of the next month

GSTR-2 (Registered taxable recipient)
- Details of inward supplies of taxable goods and/or services effected claiming input tax credit.
- 15th of the next month

GSTR-3 (Registered taxable person)
- Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.
- 20th of the next month

GSTR-4 (Composition supplier)
-Quarterly return for compounding taxable person
-18th of the month succeeding quarter

GSTR-5 (Non-Resident Taxable Person)
- Return for non-resident foreign taxable person
- 20th of the next month

GSTR-6 (Input Service Distributor)
- Return for input service Distributor
- 13th of the next month

GSTR-7 (Tax Deductor)
- Return for authorities deducting tax at source.
- 10th of the next month

GSTR-8 (E-Commerce operator/Tax collector)
- Details of supplies effected through e-commerce operator and the amount of tax collected
- 10th of the next month

GSTR-9 (Registered Taxable Person)
- Annual Return
- 31st December of next financial year

GSTR-10 (Taxable person whose registration has been surrendered or cancelled)
- Final Return
- within three month of the date of cancellation or date of cancellation order, whichever is later.

GSTR-11 (Person having UIN and claiming refund)

- Details of inward supplies to be furnished by a person having UIN
- 28th of the month following the month for which statement is filed.

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