Introduction Since its inception GST regime is severely criticized for its excessive compliance. As GST regime is also based on the fundamental principle of self-assessment, most of the compliances are in the form of periodic returns. Let us briefly touch base commonly used Returns/Statements in GST Regime: 1. Details of outward supplies [GSTR-1] Section 37 of the CGST Act and Rule 59 of the CGST Rules lays down the legislative framework for outward supplies. Every registered taxable person, other than an input service distributor, composition taxpayer, persons liable to deduct tax u/s 51, persons liable to collect tax u/s 52, Non-resident taxpayer and Online information database and access retrieval (OIDAR) service are required to file GSTR-1. Please note casual taxable person is also required to file GSTR-1 and 3B. GSTR-1 contains invoice level details of: Supplies to registered persons including corresponding debit credit notes, if any Inter-State supplies of invoice value gre...
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