Rajakumari's blog

In our earlier blog on the consequences of non-compliance under GST, we had learnt that when tax is not paid on time, interest will be applicable and when a return is not furnished, late fee will be applied.

In our previous blog, we learnt about how to file GSTR-2 Part 10, where we discussed about furnishing details of ITC reversed in table 11 of GSTR-2. In this blog, we will discuss the details of addition and reduction in output tax amount for mismatch and other reasons.
 

Filing GSTR-2 -Table 12

In our series of blogs on ‘How to File GSTR-2 Part 9’, we have discussed about furnishing details till table 10 of GSTR-2. In this blog, we will discuss about furnishing details pertaining to ITC reversal in various business scenarios. These details need to be furnished in table 11 of GSTR-2 as shown below:

In our series of blog on “How to File GSTR-2 Part 12”, we have discussed about the details required to be furnished in each of the tables in GSTR-2. Broadly, GSTR-2 consists of 13 tables, in which the details of inward supplies along with eligible ITC needs to be reported. Most of the details are required to be reported at invoice level and rate-wise. To know more about details to be furnished in each of the GSTR-2 tables, please click on the links shown below:
 

Table No

In our previous blog ‘How to file GSTR-2 Part 11’, we discussed about filing GSTR-2 with addition and reduction in output tax amount due to mismatch and other reasons. In this blog, we will discuss about filing GSTR-2 HSN summary of inward supplies.
 

Filing GSTR-2 Table 13

Over the last few months, the GST Council has been deliberating on GST returns and how to make the experience of filing of GST returns less complicated, more seamless and hassle-free for the thousands of businesses across the country. The 22nd and 23rd Council meets were instrumental in introducing some measures which are bound to make things easier for the small business – and the most crucial of them is extension of the various GST return dates.
 

Recently, the Government issued a notification extending the date for filing of GST ITC-04 for the quarter July-September ’17 to 31st December ’17. In this blog, let us understand GST ITC-04 and how to file GST ITC-04 in the GST portal.
 

What is GST ITC-04?
GST ITC-04 has to be furnished by registered manufacturers, showing details of inputs or capital goods dispatched or received from a job worker in a quarter.
The details of the following 4 types of transactions need to be furnished in GST ITC-04:

As we all are aware, GSTR 3B is due to be filed on the 20th of the subsequent month. For the month of November, the GSTR 3B filing date is the 20th of December, for the month of December, the GSTR 3B filing date will be 20th of January, 2018 and so on. In our previous blogs, we have dealt with how to file GSTR 3B returns, how to match the same with other GST returns, how to correct it and the penalties involved for not filing GSTR 3B.

As per the decisions taken in the 23rd GST Council meeting, taxpayers with an annual aggregate turnover up to INR 1.5 Crore can now avail themselves of the option of filing quarterly GSTR 1 returns, whereas those taxpayers with an annual aggregate turnover of more than INR 1.5 Crore will need to file monthly GSTR 1 returns. In accordance with this notification the GSTN portal has now introduced the functionality of allowing taxpayers choose the return filing periodicity for the GSTR 1 form – quarterly or monthly.
 

In order to make compliance easier for the small and medium businesses, it was decided to introduce the quarterly GST returns, in the 22nd GST Council meeting held on 10th November, 2017. The businesses with aggregate turnover of up to 1.5 crores are allowed to opt for quarterly returns. For July – September’17, the last date to file the quarterly GSTR-1 returns is 10th January, 2018. To know more about GST Return filing due dates, please read Revised GST Return Dates – The Full Calendar