Frequently asked questions
What are the details that are recorded while filing GSTR-1?
The GSTR-1 contains the details of all your outward supplies or sales. It needs to be filed before the 10th of the following month, and it includes:
- Basic information of the taxpayer (name, GSTIN, etc.)
-Period for which the return is being filed.
-The taxpayer’s gross turnover for the previous financial year.
- For B2B supplies: submit invoice-wise details for all transactions.
- For B2C supplies:
-If invoice amount is greater than Rs. 2,50,000, submit invoice-wise details for all transactions.
-If invoice amount is between Rs. 50,000 and Rs. 2,50,000, submit the addresses of your buyers along with a -summary of your interstate transactions by state.
-If invoice amount is less than Rs. 50,000, buyer addresses are needed only for interstate transactions.
-Consolidated supply details on all intrastate B2C supplies with or without invoice details (submission of invoice details is optional).
-Details of Credit/Debit issued, Export Invoices, Advances received and HSN wise Summary of supply of Goods & Services.
What are the different types of GST Returns?
1. GSTR-1 & GSTR 2: monthly return for outward supplies & Inward supplies respectively.
2. GSTR-3: monthly return containing details from other monthly returns filed by the taxpayer (GSTR-1, GSTR-2, GSTR-6, GSTR-7)
3. GSTR-4: quarterly return for Composite Dealers
4. GSTR-5: variable return to be filed by Non-Resident Taxpayers
5. GSTR-6: monthly return to be filed by input service distributors
6. GSTR-7: monthly return to be filed for Tax Deducted at Source (TDS) transactions
7. GSTR-8: monthly return to be filed by e-commerce operators
8. GSTR-9: annual return
9. GSTR-10: final return to be filed when terminating business activities permanently
10. GSTR-11: to be filed by taxpayers with a Unique Identity Number (UIN)
What is a GST Return?
A return is a statement of financial activity by a taxable person for a prescribed period. This allows a taxable person to self-assess the tax they owe for that period.
The registered person has to be provide some of the details in GSTR Return during the year like:
- Details of sales, purchases.
- Details of inward/outward services.
- Detail of each invoice issued or received.
- Details of Debit/credit notes etc.
I missed out claiming my Input tax credit for the first month of the year, Am I entitled to claim input tax credit earlier missed as I am into the 7th month of the year?
Yes, If you have missed on your input tax Credit then you are entitled to claim the same within one year from the Date of Invoice.
GSTR 1/3B>>Monthly Package (Turnover more than 1.5 cr)
This plan is for persons registered under regular GST scheme having turnover more than 1.50 crores and who are required to monthly file GSTR - 1 & GSTR 3B
Choose this plan to get your GSTR - 3B & GSTR - 1 filed for a particular month.- 1 month filing of GSTR-3B (i.e. for any one month like April or June or Dec) for one GSTN no.
- 1 month filing of GSTR-1 (i.e. for any one month for which GSTR – 3B is filied under this plan) for one GSTN no.
- This plan doesn’t include book keeping or accounting.
Person having Turnover more than 1.5 crores like:
- Manufacturers, wholesalers, traders etc
- Service providers, retailers etc
- Not applicable for Composition Scheme Dealers
- Purchase/Sale Registers
- Tax registers such Input Tax register, GST Payable Register
- Tax Challan showing GST Liabilty discharged
| Plan Charges | 1799 |
| Goods & Services Tax (GST) | 324 |
| Total Cost | 2123 |
* Estimate Time for Service Completion
30 Days
What are the details that are recorded while filing GSTR-1?
The GSTR-1 contains the details of all your outward supplies or sales. It needs to be filed before the 10th of the following month, and it includes:
- Basic information of the taxpayer (name, GSTIN, etc.)
-Period for which the return is being filed.
-The taxpayer’s gross turnover for the previous financial year.
- For B2B supplies: submit invoice-wise details for all transactions.
- For B2C supplies:
-If invoice amount is greater than Rs. 2,50,000, submit invoice-wise details for all transactions.
-If invoice amount is between Rs. 50,000 and Rs. 2,50,000, submit the addresses of your buyers along with a -summary of your interstate transactions by state.
-If invoice amount is less than Rs. 50,000, buyer addresses are needed only for interstate transactions.
-Consolidated supply details on all intrastate B2C supplies with or without invoice details (submission of invoice details is optional).
-Details of Credit/Debit issued, Export Invoices, Advances received and HSN wise Summary of supply of Goods & Services.
What are the different types of GST Returns?
1. GSTR-1 & GSTR 2: monthly return for outward supplies & Inward supplies respectively.
2. GSTR-3: monthly return containing details from other monthly returns filed by the taxpayer (GSTR-1, GSTR-2, GSTR-6, GSTR-7)
3. GSTR-4: quarterly return for Composite Dealers
4. GSTR-5: variable return to be filed by Non-Resident Taxpayers
5. GSTR-6: monthly return to be filed by input service distributors
6. GSTR-7: monthly return to be filed for Tax Deducted at Source (TDS) transactions
7. GSTR-8: monthly return to be filed by e-commerce operators
8. GSTR-9: annual return
9. GSTR-10: final return to be filed when terminating business activities permanently
10. GSTR-11: to be filed by taxpayers with a Unique Identity Number (UIN)
What is a GST Return?
A return is a statement of financial activity by a taxable person for a prescribed period. This allows a taxable person to self-assess the tax they owe for that period.
The registered person has to be provide some of the details in GSTR Return during the year like:
- Details of sales, purchases.
- Details of inward/outward services.
- Detail of each invoice issued or received.
- Details of Debit/credit notes etc.
I missed out claiming my Input tax credit for the first month of the year, Am I entitled to claim input tax credit earlier missed as I am into the 7th month of the year?
Yes, If you have missed on your input tax Credit then you are entitled to claim the same within one year from the Date of Invoice.