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GST
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GST Registration

GST Registration is mandatory for certain business. According to GST rules, businesses with turnover above rs.40 lakhs must register as a normal taxable entity. This process of registering a business under Goods & Services Tax (GST) is called GST registration.

If the organization carries on business without registering under GST, it will be an offense under GST, and heavy penalties apply. 

Required documents

  • PAN card.
  • Proof of business registration.
  • Proof of identity.
  • Photographs.
  • Address proof of persons in charge.
  • Business's address proof.
  • Bank account statements.

e-Return filling GSTR-1 & 3B

  1. List of all invoices issued to persons having GSTIN – B2B Invoices. These invoices must be uploaded to the GSTN. Invoice upload to GSTN need not contain the document. Only the following information about a B2B invoice must be uploaded in the format accepted by GSTN:
    1. Customer’s GSTIN
    2. Type of Invoice
    3. Place of Supply
    4. Invoice Number
    5. Invoice Date
    6. Taxable Value
    7. GST Rate
    8. Amount of IGST applicable
    9. Amount of CGST applicable
    10. Amount of SGST applicable
    11. Amount of GST cess applicable
    12. If GST Reverse Charge is applicable
  2. List of all invoices issued to persons not having GSTIN (B2C invoices), wherein the invoice value is more than Rs.2.5 lakhs. Details of all B2C invoices with a value of more than Rs.2.5 lakhs must be uploaded to the GSTN. The following information pertaining to B2C large invoice must be uploaded to the GSTIN.
    1. Invoice number
    2. Invoice date
    3. Total value of the invoice
    4. Taxable value
    5. GST rate applicable
    6. Amount of IGST applicable
    7. Amount of CGST applicable
    8. Amount of SGST applicable
    9. Amount of GST cess applicable
    10. Place of Supply
  3. Consolidated intra-state sales, categories by GST rates
  4. Consolidated intra-state sales made through an e-commerce operator, categories by GST rates
  5. Consolidated inter-state sales, categories by state and GST rates
  6. Consolidated intra-state sales made through an e-commerce operator, categories by state and GST rates
  7. Details of all export bills must be uploaded to the GSTN. The following details must be provided in GSTR1 return for all export bills issued.
    1. Customers GSTIN
    2. Type of Invoice
    3. Invoice Number
    4. Invoice Date
    5. Shipping Bill Number
    6. Shipping Bill Date
    7. Port Code
    8. Taxable Value
    9. GST Rate
    10. Amount of IGST applicable
    11. Amount of CGST applicable
    12. Amount of SGST applicable
    13. Amount of GST cess applicable
  8. HSN wise summary of all goods sold during the month
    1. HSN Code
    2. Description
    3. UQC
    4. Total Quantity
    5. Total value
    6. Total taxable value
    7. Amount of IGST applicable
    8. Amount of CGST applicable
    9. Amount of SGST applicable
    10. Amount of GST cess applicable
  9. Summary of documents issued during the tax period
  10. Summary of debit note, credit note, advance receipt and amendments

Annual Return Filling GSTR-9 & 9C

  • Details of total Inward and Outward Supplies in the scheduled Financial Year.
  • Income Tax Credit Ledger for the scheduled Financial Year.
  • GSTIN of Business Entity/Seller.
  • GST Reconciliation Statement.
  • Details of the Block Credit, Capital Goods, and related documents.

Claim of GST TDS/TCS

Thus, for availing GST TDS/TCS deducted by the deductors/collectors all the deductee need to file ‘TDS/TCS credit received’ tab on the portal. The deducted amount will appear in Cash Ledger which can be used for payment of balance amount of tax after setting off with the Input tax credit.

I ITC Management

Many conditions are there to claim ITC before the last date passes. An Indian enterprise must verify the ITC details before claiming it in Form GSTR-3B for a tax period. It involves regular reconciliation of GSTR-2B with books of accounts. Further, it requires frequent follow-ups with suppliers who have not reported tax invoices or debit notes.

All these require a robust and smart solution that requires the least manual effort!

Clear GST ensures that your GSTR-2B data is fetched without manual intervention. Our advanced reconciliation engine matches data between books and GSTR-2B to identify gaps, with the option to define custom matching logic and claim 100% ITC in GSTR-3B. 

Clear GST also allows users to annually reconcile ITC across financial years for accurate preparation of GSTR-9 and GSTR-9C.

Department Investigation/Audit/Anti-Evasion cases

IGST Refund for Exporter

As per CGST Rules, refund of IGST is not available to an exporter if: They have availed of duty drawback on CGST, SGST or IGST. However, they may claim a refund of IGST if they have availed of drawback on basic customs duty. They obtained Inputs at a concessional rate of 0.1%.

ALL-IN-ONE TAX SOLUTIONS, we combine a thorough knowledge of tax law with experience we’ve gained through years of working with individuals, partnerships, Limited/Private Limited companies. 

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