Gst return filing | gstr 1 return filing new update | How to file Gstr 1 | скачать в хорошем качестве

Gst return filing | gstr 1 return filing new update | How to file Gstr 1 |

👨🏻‍🎓Enhance and upgrade your practical skills with our practical courses- 👉🏻Advance GeM Seller Training Course - https://gkmdz.courses.store/304931?ut... 📞For course query please call @ 93102 69560 Contact Us Say Hi On WhatsApp wa.me/919310269560 Email [email protected] Website https://bidhelp.co/ , https://bizhelp.co.in/ 1. What is Form GSTR-1? Who is required to file Form GSTR-1? Form GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services. 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 is required to file Form GSTR-1, the details of outward supplies of goods and/or services during a tax period, electronically on the GST Portal. 2. When can I opt for the Quarterly filing of the Form GSTR-1 return? You can opt for Quarterly filing of Form GSTR-1 under the following conditions: If your turnover during the preceding financial year was up to Rs. 1.5 Crore or If you are registered during the current financial year and expect your aggregate turnover to be up to Rs. 1.5 Crores 3. What are the available modes of preparing Form GSTR-1? Form GSTR-1 can be prepared using the following modes: 1. Online entry on the GST Portal. 2. Uploading of invoice and other Form GSTR-1 data using Returns Offline Tool. 3. Using the third-party application of Application Software Provider (ASPs) through GST Suvidha Providers (GSPs). 4. What details have to be furnished in Form GSTR-1? The following details of a tax period have to be furnished in Form GSTR-1: a. Invoice level details of supplies to registered persons including those having UIN; b. Invoice level details of Inter-State supplies of invoice value greater than Rs. 2,50,000 to unregistered persons (consumers); c. Details of Credit/Debit Notes issued by the supplier against invoices; d. Details of export of goods and services including deemed exports (SEZ); e. Summarised state-level details of supplies to unregistered persons (consumers); f. Summary Details of Advances received in relation to future supply and their adjustment; g. Details of any amendments effected to the reported information for either of the above categories; h. Nil-rated, exempted, and non-GST supplies; and i. HSN/SAC-wise summary of outward supplies. 5. Which type of registered taxpayer is not required to file the Form GSTR-1? The following taxpayers are not required to file Form GSTR-1: • Taxpayers under the Composition Scheme • Non-resident foreign taxpayers • Online information database and access retrieval service provider • Input Service Distributors (ISD) • Tax Deducted at Source (TDS) (deductors); and • E-commerce operators collecting TCS 6. What are the pre-requisites for filing Form GSTR-1? Pre-requisites for filing Form GSTR-1 are: a. The taxpayer should be a registered taxpayer and should have an active GSTIN during the tax period for which Form GSTR-1 has to be furnished; b. The taxpayer should have valid login credentials (i.e., User ID and password) to login into GST Portal; c. The taxpayer should have an active and non-expired/ revoked digital signature (DSC), in case the digital signature is mandatory; d. In case taxpayer wants to use EVC, they must have access to the registered mobile number of the Primary Authorized Signatory All these topics Cover in this video 0:01 Video Intro 0:35 How to prepare data for GST return 4:00 GST return filing 4:54 how to enter b2b entry