GST Registration is a major step when a person starts his business. There are requirements under the GST legislation in which a person is liable to take GST Registration and no exemption is provided. GST Registration decision can be taken on either voluntary or Mandatory basis. GST Registration is completely online , where a person has to fill the details of proprietor/partner / director and details of the business.
The GST Act has come into existence on 1st July 2017 and it contains various provisions such as place of supply of service and goods, GST Refunds & GST assessment.
There are various benefits of GST registration such as :
Person liable to obtain GST Registration : Section 22(1) of CGST act states that every person whose aggregate turnover in a financial year exceeds Rs 20 lakh is liable to get registered under the GST act. In special categories, state turnover limit is Rs 10 lakh. The limit of Rs 20 lakh has been increased to Rs 40 lakhs where a person exclusively deals in goods. So if you are dealing in services, the limit of Rs 40 lakh will not be available to you.
Every person registered under the Goods and Services tax act is required to file the GST Returns electronically. When a person has Nil Turnover during the year or has not started the business but has GST number, he is still required to file GST Returns. We at Dhingra Gaurav & Associates, help in calculating tax liabilities also, apart from filing the GST returns.
At present, the registered person is required to file the following GST returns:
Form GSTR 1
GSTR 1 is used to report outward supply.
Form GSTR 2A
GSTR 2A is for the convinience of purchaser of goods to check whether input tax credit has been reflected. There is no due date for GSTR 2A and it is a continous changing form.
Form GSTR 2B
It is an auto generated summary of a purchase made during a specific period which is used to reconcile the taxpayer's tax liability with the input tax credit claimed by them. The GSTR 2B cut off date is the 13th of the previous month, which means input tax credit will be obtained on the day following the cut off date.
Form GSTR 3B
Taxpayer must login to the GST Portal and go to the return section in order to submit GSTR 3B. GSTR 3B is a self declared summary of tax payer's tax liability for a particular tax period and is used to pay tax for that particular month.
Form GSTR 4
GSTR 4 is required to be filed by persons who have taken registration under GST composition scheme. The due date for filing GSTR 4 is 18th of every month following the tax period. Taxpayers should check the GST portal for up to date information.
Form GSTR 5
It is a GST return filed by non resident taxpayers in India. The due date of GSTR 5 is 20th of every month following the tax period.
Form GSTR 6
GSTR 6 is filed by tax payers who are registered as Input Service Distributors andare registered under GST. The due date for GSTR 6 is generally 13 th of every month following the tax period.
Form GSTR 7
GSTR 7 is filed by tax payers in india who have GST registration and are required to deduct Tax deducted at source. The due date for filing GSTR 7 is generally 10 th of the month following the tax period.
Form GSTR 8
GSTR 8 is filed by tax payers who have tax registration and are registered under the E Commerce operators scheme. The due date of filing GSTR 8 is generally 10 th of every month following the tax period.
Form GSTR 9
GSTR 9 is filed by regular taxpayer having GST Regsiatration. GSTR 9 is an annual return that summarizes the taxpayer's GST liability for annual year. It consists of 2 Parts - Part A , which includes the detail of taxpayer's supplies and tax paid and Part B, whcich includes the reconciliation of taxpayer's tax liability with input tax credit claimed.
Form GSTR 10
GSTR 10 is a final return filed by taxpayers who have applied for cancellation of GST Registration. The due date for filing GSTR 10 is within 3 months of date of GST cancellation.
Steps for filing different GSTR returns may very depending on type of GST Returns filed.
DHINGRA GAURAV & ASSOCIATES
TOWER C, 607-608, NIRVANA COURTYARD, SECTOR 50, NIRVANA COUNTRY, GURGAON, HR 122018
Copyright © 2025 DHINGRA GAURAV & ASSOCIATES - All Rights Reserved.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.