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Annual Return in GST Regime

Every Registered Tax Payer including Composition Scheme Dealer has to file an Annual Return in Form GSTR 9 or Form GSTR 9A or Form GSTR 9B or GSTR 9C depending upon type of Registration.  

 

Person not required to File Annual Return: -

1.      Tax Payers registered as Casual Taxable Person

2.      Input Service Distributor

3.      Non – resident taxable persons

4.      Registered person liable to deduct TDS

 

GSTR 9 : - GSTR 9 is Annual Return to be filed by every regular registered tax payers. Due date of GSTR 9 is 31st December of Succeeding year.

 

Following persons is not required to file GSTR 9: -

5.      Tax Payers registered as Casual Taxable Person

6.      Input Service Distributor

7.      Non – resident taxable persons

8.      Registered person liable to deduct TDS

 

GSTR 9A : - GSTR 9A is Annual Return to be filed by Persons registered under Composition scheme. Due date of GSTR 9A is 31st December of Succeeding year.

 

 

GSTR 9B : - GSTR 9A is Annual Return to be filed by E – Commerce Operator. Due date of GSTR 9A is 31st December of Succeeding year.

 

GSTR 9C:- GSTR 9C shall be filed by the taxpayers whose annual turnover exceeds Rs 2 crores during  the financial year. Every Tax Payer who required to file GSTR 9C are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.

 

Details to be provided in Form GSTR 9

 

GSTIN of Tax Payer : - GSTIN (Goods and Service Tax Identification Number) is auto – populated at the time filling Form GSTR 9. GSTIN is 15 Digit PAN based Number allotted to every Tax Payer at the time of Registration.

 

Legal Name of Business / Registered Person: - Name of Business or Registered Person will auto – populated at the time filing Form GSTR 9.

 

Details of Expenditure and Purchase

·         Total Value of Inter State Purchased on Which Input Tax Credit (ITC) availed

·         Total Value of Intra State Purchased on Which Input Tax Credit (ITC) availed

·         Total Value of Imports on Which Input Tax Credit (ITC) availed

·         Any Other Purchase other that Mentioned above on which no Input Tax Credit (ITC) availed

·         Total amount of Sales Return

·         Total amount of Expenditure other than Purchase

 

Details of Income

·         Total Value of Inter State Supply on which GST is Paid

·         Total Value of Intra Sate Supply on which GST is Paid

·         Total Value of Exports on which GST is paid

·         Total Value of Exports on which no GST is paid

·         Total Value of any other Supply other than mentioned above on which no GST is Paid

·         Total Value of Purchase Return

·         Any Other Income other than Supplies

 

Reconciliation Statement of Return Filed

System will auto reconcile the Transaction and Tax Liability Payable will be determined against tax actually paid after all Information furnished by Tax Payer.

 

Details of Gross Profit or Net Profit

Details of Gross Profit and Net Profit as Per Profit and Loss Account Statement.

 

Other Details where Tax Payer Liable to Statutory Audit

Every Registered under Goods and Service Tax is Compulsory liable to Statutory Audit and Individual or Hindu Undivided Family (HUF) is liable to Statutory Audit if turnover of Individual or Hindu Undivided Family (HUF) exceed Rs. 1 Crore.

Details Required: -

·         Details Person who Audited the Books of Accounts of Registered Tax Payer who liable to Statutory Audit.

·         Date of Statutory Audit

 

GST Return Form GSTR 10 should be verified either through Digital Signature (DSC) or through E-Verification though One Time Password (OTP).    

 

Final Return in GST Regime

Any Registered Tax Payer who opts for Cancellation of GST Registration has to file a Final Return in Form GSTR 10 within 3 Months from the Date of Cancellation.

 

GSTR 10: - GSTR 10 is a final Return which is to be filed to by Tax Payer whose registration is cancelled or surrendered. GSTR 10 is to be filed within 3 months of Cancellation or Surrender of GST Registration. 

Note: - No form is available of GST Portal Currently.

 

Details required to be Provided in Form GSTR 9

 

GSTIN of Tax Payer : - GSTIN (Goods and Service Tax Identification Number) is auto – populated at the time filling Form GSTR 10. GSTIN is 15 Digit PAN based Number allotted to every Tax Payer at the time of Registration.

 

Legal Name of Business / Registered Person : - Name of Business or Registered Person will auto – populated at the time filing Form GSTR 10.

 

Application Reference Number (ARN) : - Application Reference Number (ARN) is provided to Registered Tax Payer on application of Cancellation of Registration of GST. Such Tax Payer required to Provide Application Reference Number (ARN) in Form GSTR 10.

 

Date of Cancellation of Order : - Tax Payer has to provide date of Oder of Cancellation is passed by Tax Authorities.

 

Effective Date of Cancellation Order : - Tax Payer has to Provide Date from which GST Registration Cancellation Order is Effective.

 

Unique Identification (ID) of Cancellation Order : - Authorities will provide a Unique Identification Number on Passing of Cancellation order. Tax Payer has to quote Identification Number in Form GSTR 10.    

 

Particulars of Closing Stock : - Tax Payer who opts for Cancellation of GST Return needs to furnish details of closing stock held as on the date of making for application for Cancellation of GST Registration. Amount Credit is lying in suck closing stock declared need to be paid along Form GSTR 10. Amount of Credit is lying in Capital Goods also needs to be paid along with Form GSTR 10. Amount Credit is lying in Closing Stock or Capital Goods will auto computed on furnishing of Details of Stock lying is furnished.

 

GST Return Form GSTR 10 should be verified either through Digital Signature (DSC) or through E-Verification though One Time Password (OTP).    

 

 

 

 

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