gstr 1 powerpoint presentation

GST Reports; GSTR-1, GSTR-2 and GSTR-3B Explained:

It is vital to know the amount you should pay as your tax liability and if you are eligible for any refund on your GST. GST report or return is a mechanism that summarizes the GST received and paid by you. It shows how your GST was calculated and ensures credit flow to the proper recipient.

GST returns is categorized into different categories, there are GSTR-1, 2, 3, 4, 5…11. Some of these GST returns are further broken down, but the primary concern of this article is on GSTR-1, GSTR-2, and GSTR-3B.

Difference between GSTR-1, GSTR-2 and GSTR-3B | Infographic

GSTR1 or Sales Report

All registered taxable suppliers file this tax return. It comprises details of sales (also known as outward supplies) of taxable goods and services. It is paid monthly or on a quarterly basis depending on your rate of turnover. If your turnover rate is above Rs.1.5 crores, you will file GSTR-1 on a monthly basis, but if it is below the amount, then you will file it quarterly.

All registered taxpayers must file GSTR-1 except for the composition dealers, input service distributors, non-resident taxable persons, and persons liable to collect either TCS or TDS. The penalty for late filing is Rs.50 and Rs.20 per day.

Who needs GSTR 1?

All the registered dealers need to file GSTR 1. It is considered mandatory irrespective of sales and transactions of the particular month. It clearly means that even if the dealer receives no transactions or sales in any month, still he has to file GSTR 1. However, the entities and individuals are exempted from this report. Here is the list of people who need not file GSTR 1:

• In case if your business receives some invoices for the services that are accessed by other branches, you are considered as an input service distributor as per GST norms.
• Those who have registered their business under composition scheme specified by GST, you need to file this report. Note that businesses that have an annual turnover of around 1.5 crores can work under this scheme right from 1 st April 2019.
• The suppliers of retrieval services, database access and online information.
• You belong to the category of a non-taxable person if you import services and goods from outside India or taking responsibility for business on behalf of some non-resident Indian.

In order to file GSTR 1; you must have a genuine and valid Goods and Service Tax Identification Number. The sign-in credentials for the portal, valid digital signature certificate and Aadhar number are also important. One should also have access to the mobile number that is mentioned in the Aadhar card.

GSTR2 or Purchase Report

Just as the GSTR-1 mentioned above deals with outward supplies, the GSTR-2 deals with inward purchases of taxable goods, services or both. GSTR-2 is a monthly inward supply report, which can also include reverse charge transactions. It is used to do buyer-seller reconciliation, also known as invoice matching, by the government.

It is compulsory for every registered taxpayer to file GSTR-2 monthly but for businesses with an annual turnover below 1.5 crores, the tax will be paid quarterly. Suppliers must file this return even when no purchases are made as there is a penalty of Rs.100 per day to a maximum of Rs.5000 for late filing.

As GSTR-2 is auto-populated base on the details of the GSTR-1, it takes less time to file, and with your online accounting software, it is even simpler. You must note that if you do not file GSTR-2, you cannot proceed to file GSTR-3.

Who needs GSTR 2?

GSTR 2 is applicable to almost every registered person except the non-residential taxable person, input distributor, and e-Commerce operator.

In case if you import goods and services; you are liable to file GSTR 2. The process of filing GSTR 2 is quite easy; you can complete all formalities by using the common portal. Many businesses prefer to use GSTR 2 just to ensure that vendors are following tax compliant and are registered to the GSTN.

GSTR3B or Tax Summary Report

This is a non-revisable monthly tax filing by registered suppliers. For each GSTIN a taxpayer possesses, he must file a GSTR-3B. This means that if you have multiple GSTIN, you must file multiple GTR-3B. All casual/normal taxable persons must file this tax return every month. In fact, if there is no transaction in a particular month, “Nil” returns must be filed. The refusal to file this tax return as of when due attracts a late fee penalty of Rs.50 per day for normal taxpayers but for taxpayers with Nil tax liability, the penalty is Rs.20.

However, non-resident taxpayers, suppliers who enjoy composition scheme, input service distributors, database access or retrieval services (OIDAR), online information suppliers, Tax deducted at source (TDS) deductor, and Tax collected at source (TCS) collectors do not need to file GSTR-3B.

Who needs GSTR 3B?

GSTR 3B is for all taxpayers that are registered as per the GST regime. Even if your monthly transactions are not significant or are nil; then also you need to file GSTR 3B forms on a regular basis. However, people that are working as composition dealers; input service distributors; suppliers of retrieval services, database access, or online information, or the non-resident taxable Indians need not file GSTR 3B.

It is required to provide all the available input tax credit (ITC), a summary of the information of purchases and sales, tax payable, as well as tax paid in the report.

For a thorough, fast, and easy filing of your tax returns, consider using GST accounting software and follow the step-by-step procedure of tax filing on any of your devices in real-time. One can take help from Cas to file these forms or follow instructions given on the portals online.

What is GST Report?

The GST report is a type of report that prints your paid and received GST summary, which is broken down into different tax codes. It is utilized to determine your GST refunds or payments. By knowing the priority, businessers must make a return. The GST report is printed by displaying your business transactions, offering a standard reference as to how your business GST was estimated.

What details does GSTR 2 provide?

GSTR-2 gives the details of your business monthly tax return displaying the complete number of purchases that you made for that whole month. When the businessers make purchases from the respective registered vendors, the data from the GSTR-1 will be there in the GSTN portal in the form of GSTR-2A for you to utilize in your GSTR-2.

What’s the difference between GSTR 1 and GSTR 3B?

GSTR 1 is a return of reporting. It is filed by the taxpayers either monthly or quarterly. This return indicates your return on outward supplies, which is nothing but a sales return. 

GSTR 3B is the return of tax payments. This return indicates your return on both inward and outward supplies (i.e., sales return and purchase return respectively).

What’s the difference between GSTR 1 and GSTR 2?

GSTR 1 is nothing but the return of reporting about your business. This type of return is filed by the normally registered taxpayers either once a month or quarterly. It represents your business sales return (outward supplies).

GSTR 2 is also the return of reporting about your business. This type of return is also filed by all taxpayers either once a month or quarterly. It represents your business purchase return (inward supplies). GSTR 2 is currently suspended. This return is not in use from sat September 2017. The data on this GSTR 2 return had to be auto-populated from the GSTR-2A return. 

What is R1 R2 R3 in GST?

The R1, R2, and R3 in GST represent the GST R1, GST R2, and GST R3. Here the

• R1 in GST represents sales return (outward supplies)
• R2 in GST represents purchase return (inward supplies)
• R3 in GST represents both sales return and purchase return (outward and inward supplies respectively)

Can I change GSTR 1 quarterly to monthly?

Yes, the taxpayers can modify the GSTR 1 filing frequency to either monthly or quarterly. But for business taxpayers holding their respective annual turnover of 1.5 crores or more than 1.5 crores, must file their sales return every month.

Related Article

Complete gst guide.

Explore GST and know the GST-related updations here. Read more

GST Reports (GSTR-1, GSTR-2 and GSTR-3B Explained)

There are three important GST report types that you may be required to fill depending upon your type of business. Read more

GST Filing Process for Small Business

The GST filing process for small businesses is also considerably important similar to large businesses. Read more

GST Annual Return | GSTR 9, GSTR 9A, GSTR 9B, GSTR 9C Explained

GSTR 9 is an annual return. This GSTR 9 annual return should be filed once a year by the  taxpayers  who are registered under GST. Read more

All you need to know about GSTR 2, GSTR 2A & GSTR 2B

Explore GSTR 2, 2A, and 2B with their differences. Read more

Free Accounting & Bookkeeping Software​

Organized Bookkeeping | Invoicing | Billing | Inventory Management | Expense Tracking & More

Related Articles

Launching “Bille: POS and Billing App”: The Ultimate POS and Billing Solution for Small Businesses

Launching “Bille”: The Ultimate POS and Billing Solution for Small

Why Having a Personal Domain Name Is Good for Your Business

Since many businesses have different domain names registered, every reputable

Discover More

• Small Business tips
• Small Business Accounting
• Quickbooks Alternatives
• Online Accounting Software
• Mathi's Thoughts

Helping companies to realize their ambitions.

PHONE: US: +1 508 859 4070 IN: +91 93449 47496

EMAIL [email protected]

• Why we exist
• Write for us

Our Products

• Bookkeeping Software
• GST Accounting Software
• Accounting Software for CA
• Free Accounting Software
• Digital Marketing Services
• Bookkeeping Services
• Find your Accountant

industry specific

• Manufacturing
• Construction
• Help Document
• Product Videos

Get the app

Available In

Terms of services

Privacy Policy

Security Policy

Illustration by Storyset

© 2018 zetran.com — All rights reserved.

30 Days Risk Free Trial

HURRY!! FEW HOURS LEFT

• Preferences

What is GSTR-1? | How to file GSTR 1 - PowerPoint PPT Presentation

What is GSTR-1? | How to file GSTR 1

Goods and services tax (gst) has revolutionized the taxation system in india by replacing multiple indirect taxes with a unified tax structure. under the gst regime, businesses are required to file various returns to comply with tax regulations. one such crucial return is gstr-1, which plays a pivotal role in the gst compliance framework. – powerpoint ppt presentation.

• www.aiatindia.com
• Goods and Services Tax (GST) has revolutionized the taxation system in India by replacing multiple indirect taxes with a unified tax structure. Under the GST regime, businesses are required to file various returns to comply with tax regulations. One such crucial return is GSTR-1, which plays a pivotal role in the GST compliance framework.
• GSTR-1 is a monthly that needs to be filed by every registered taxpayer. Comprising an intricate tapestry of commercial transactions, this document intricately weaves together a comprehensive account of every product or service flowing outward from the taxpayer's realm during a designated tax period. Outward supplies refer to the sales or transactions where goods or services are provided to other businesses or consumers. The GSTR-1 return includes comprehensive information about these transactions, facilitating transparency and smooth tax administration.

PowerShow.com is a leading presentation sharing website. It has millions of presentations already uploaded and available with 1,000s more being uploaded by its users every day. Whatever your area of interest, here you’ll be able to find and view presentations you’ll love and possibly download. And, best of all, it is completely free and easy to use.

You might even have a presentation you’d like to share with others. If so, just upload it to PowerShow.com. We’ll convert it to an HTML5 slideshow that includes all the media types you’ve already added: audio, video, music, pictures, animations and transition effects. Then you can share it with your target audience as well as PowerShow.com’s millions of monthly visitors. And, again, it’s all free.

About the Developers

PowerShow.com is brought to you by  CrystalGraphics , the award-winning developer and market-leading publisher of rich-media enhancement products for presentations. Our product offerings include millions of PowerPoint templates, diagrams, animated 3D characters and more.

Home » Blog » Introduction to GSTR-1 | Requirements and Filing of Form

Introduction to GSTR-1 | Requirements and Filing of Form

• Blog | GST & Customs |
• 10 Min Read
• Last Updated on 29 October, 2022

Recent Posts

Blog, FEMA & Banking

Acquisition of Immovable Property Outside India under FEMA

News, Blog, GST & Customs

CBIC Issued Clarification on Taxability and Valuation of Supply of Services of Providing Corporate Guarantee Between Related Persons

Latest from taxmann.

Table of Contents

1. Introduction

2. about form gstr-1, 3. requirements of filing form gstr-1, 4. other provisions relating to form gstr-1, 5. furnishing details in form gstr-1 and iff.

  Under the GST law, every registered person is required to file the details of outward supplies made during the relevant tax period (month or quarter) electronically over the GSTN portal. These details are required to be filed in a statement referred to as Form GSTR-1.

This document provides all the provisions relating to Form GSTR-1 including its manner of filing under the GST Legislation.

The GST law requires every registered person to furnish the details of outward supplies which would include the details of invoices, debit notes, credit notes and revised invoices issued in relation to outward supplies made during any tax period. The provisions relating to filing of Form GSTR-1 as given under the GST legislation are discussed in this document in the below manner.

(a) Requirements of filing Form GSTR-1: This part discusses the GST provisions relating to the requirement of filing the Form GSTR-1, restrictions where Form GSTR 1 is not allowed to be filed, the concept of Invoice furnishing facility (‘IFF’), time limit for filing Form GSTR 1,

(b) Other provisions relating to Form GSTR-1: The other provisions relating to the Form GSTR-1 such as its revision/rectification, recovery of tax on transactions declared in GSTR 1, filing through SMS, applicability of late fee, are discussed in this para.

(c) Furnishing details in Form GSTR-1 and IFF: While filing the Form GSTR-1 a registered person is required to fill various sections and fields. In this para, the manner of filing Form GSTR 1 along with the instructions for filing various fields are discussed.

Each of the above points relating to filing of Form GSTR 1 are discussed in detail in the below-mentioned paragraphs.

The requirement of filing Form GSTR-1 including its timelines etc. are discussed in the below-mentioned paragraphs.

3.1 Registered persons required to file Form GSTR-1

The GST law provides that every registered person is required to furnish the details of outward supplies of goods or services or both effected during a tax period in a prescribed form. In this regard, the CGST Rules provides that such details would be required to be furnished in Form GSTR 1. However, the given requirement is not applicable to the following persons:

(a) Input Service Distributor (‘ISD’)

(b) Non-resident taxable person (‘NRTP’)

(c) Person registered under Composition scheme

(d) Person registered as a TDS Deductor

(e) Person registered as a TCS Collector

(f) Person registered for providing the OIDAR services

3.1.1 Invoice Furnishing Facility (IFF) for persons opting QRMP Scheme

With effect from January 01, 2021, the Government has introduced the Quarterly Return Monthly Payment (‘QRMP’) scheme for the taxpayers having aggregate turnover up to Rs. 5 crores in the preceding financial year. In this scheme, the statement/ return is required to be furnished on a quarterly basis however the tax is required to be paid on a monthly basis.

In order to ensure that the invoice details are duly communicated to the recipient on a monthly basis so that their credit eligibility would not get affected due the quarterly filing of return /statement, the GST law enables the supplier to furnish the B2B invoices on monthly basis. This furnishing facility is referred to as the Invoice Furnishing Facility (‘IFF’).

3.1.2 FormGSTR 1: Nil Details

  The details of outward supplies in Form GSTR-1 is required to be furnished for every month/quarter whether or not any supplies of goods or services or both have been made during such tax period. In other words, Form GSTR 1 would be required to be filed even if there is no detail of outward supply.

3.2 Restrictions in filing Form GSTR-1 and Invoices under IFF

There are few scenarios under the GST law which restricts the registered person from furnishing the Form GSTR 1. These scenarios are discussed in the below mentioned paragraphs.

3.2.1 Filing of Form GSTR 3B for previous tax period is mandatory

A registered person required to furnish return monthly/for every quarter shall not be allowed to furnish the details of outward supplies of goods or services or both in Form GSTR-1/IFF if he has not furnished the return in Form GSTR-3B for the preceding month/quarter. Therefore, a registered person cannot merely file the Form GSTR 1 showing the details of outward supplies. In order to file the Form GSTR 1 he would need to ensure that the Form GSTR 3B for previous tax period is duly filed.

3.2.2 Filing of Form GSTR-1 for previous tax period is mandatory

The Form GSTR 1 would not be allowed to be furnished if the Form GSTR-1 for the previous tax periods has not been furnished.

The above provision also provides that the Government may allow a registered person or a class of registered persons to furnish Form GSTR-1 even if he has not furnished GSTR-1 for one or more previous tax periods. It would be allowed by way of notification on the recommendations of the Council and subject to conditions and restrictions specified in the notification.

3.3 Time limit for filing Form GSTR-1

In terms of the CGST Act, Form GSTR-1 is required to be filed on or before the 10 th day of the month succeeding the relevant month. However, the Government has extended the said due date for each of the tax periods to the 11 th  day of the month succeeding the relevant month. Notably, in the case where the person has opted for the QRMP scheme, he would be required to file the said form on a quarterly basis on or before the 13 th  day of the month succeeding the relevant quarter.

3.3.1 Time limit for furnishing invoices under Invoice Furnishing Facility

A supplier can report the details under Invoice furnishing facility for the first two months of the quarter from 1 st  to 13 th  of the month succeeding the relevant month.

3.3.2 Power to grant extension in filing Form GSTR-1

The GST law empowers the Commissioner to extend the time limit for furnishing Form GSTR-1. The law provides that any extension of time limit notified by the Commissioner of SGST or Commissioner of UTGST shall be deemed to be notified by the Commissioner of CGST. A similar provision also exists under the respective State GST Laws. Therefore, issuance of separate notifications for extension in filing Form GSTR 1 is not required.

3.3.3 Summary – Time limit for furnishing Form GSTR 1 and IFF

The time limit for furnishing Form GSTR-1 and invoices under the invoice furnishing facility under the QRMP scheme is summarized as under:

The other points relating to furnishing of Form GSTR-1 such as manner of rectifying the errors and omission, late fees for delay in filing Form GSTR 1, recovery of the amount relating to transactions reporting in Form GSTR-1 but tax on the same has not been paid in GSTR 3B, etc. are discussed in detail in the below-mentioned paragraphs.

4.1 Revision/Rectification of Form GSTR-1

Unlike the erstwhile Service Tax and Central Excise laws, where the law used to permit the taxpayers to revise their returns, the GST law does not provide any provision for the revision of Form GSTR-1.

The GST law provides the registered person on the discovery of any error or omission would be required to rectify the same by the earliest of the following dates:

(a) 30th November following the end of financial year to which such details pertain, or

(b) Furnishing of the relevant Annual Return

The time limit for correcting such error or omission for the period July 2017 to March 2018 was extended up to the due date of filing of return for the month of March 2019.

4.2 Fee for late filing of Form GSTR-1

Under the GST law, where the registered person files Form GSTR 1 after the due date, he would be liable to pay a late fee for such late filing. The fees in the given case would be Rs. 200 per day (i.e. Rs. 100 under the CGST Act and Rs. 100 under the respective SGST Act). However, the Government has provided relaxation and the late fees for GSTR-1 shall be Rs. 50 per day (i.e. Rs. 25 under the CGST Act and Rs. 25 under the respective SGST Act) subject to maximum of limit of:

Moreover, the late fees for Nil return shall be Rs. 20 per day (i.e. Rs. 10 under the CGST Act and Rs. 10 under the respective SGST Act) subject to maximum of limit of Rs. 500.

4.3 Recovery of Tax in respect of transaction merely declared in Form GSTR 1

The Finance Act 2021 has amended the provision relating to recovery of tax to define the meaning of the term self-assessed tax. This term has been defined to include the tax payable in respect of outward supplies furnished in Form GSTR-1, but not included in Form GSTR-3B. Therefore, if a person has furnished details of outward supplies in Form GSTR-1 but has not discharged the tax liability i.e.,  not furnished such details of outward supplies in its Form GSTR-3B, then the same would qualify as self-assessed tax and the department may initiate the recovery proceedings for such transaction. The amendment ensures that tax declared in Form GSTR 1 must actually be paid by the supplier.

4.4 Invoice level System Matching of details furnished by supplier with recipient details

The GST system as originally envisaged under the law intended to achieve the invoice wise matching of details furnished by the supplier. The law in this regard provided that whatever information that the supplier would furnish in its Form GSTR 1, the same would be auto populated in the Form GSTR 2A of the recipient. Using the Form GSTR 2A , the recipient could file its Form GSTR 2 ( i.e.  details of inward supplies). Any addition, deletion and modifications by the recipient in its Form GSTR 2 would be communicated to the respective supplier through Form GSTR 1A. Based on Form GSTR 1, Form GSTR 2 and an auto-populated Form GSTR 1A, the final return (i.e. Form GSTR 3) could be filed.

The above system however could not be operationalised due to various reasons. In lieu of this, the Government has implemented a system of filing Form GSTR 1 and Form GSTR 3B.

Notably, the Finance Act, 2022 with effect from October 01, 2022, has omitted provisions relating to the matching of details  etc.  as originally envisaged under the GST from the statue books.

The provisions relating to manner of furnishing including the instructions relating to filling the various fields and sections of Form GSTR 1 are discussed in the below-mentioned paragraphs.

5.1 Manner of filing Form GSTR-1

The Form GSTR-1 is required to be filed electronically over the GSTN portal. The details furnished by the supplier would be communicated to the recipient in Form GSTR-2A. Based on the Form GSTR 2A, an auto-drafted statement in Form GSTR-2B would be available to the recipient which contains the details of input tax credit for every month.

5.1.1 Filing Form GSTR -1 short messaging service (SMS) facility

  A registered person can furnish a ‘Nil detail’ of outward supplies in Form GSTR-1 through an SMS using the registered mobile number and the said details shall be verified by a One Time Password (OTP) facility.

In this regard, the person can send a SMS to 14409 number to file Nil Form GSTR-1. For sending this message, the following format should be used:

NILspace<Return Type>space<GSTIN>space<Return Period>

For the purpose of ‘Nil’ filing of Form GSTR 1, the term ‘Nil details’ of outward supplies has been defined as details of outward supplies for a tax period that has nil or no entry in all the Tables in Form GSTR-1.

5.1.2 Manner of furnishing invoices under IFF facility

The taxpayer opting for the QRMP scheme can furnish the invoice details for the first two months of the quarter using the IFF facility electronically through the GSTN portal. The invoices furnished under this facility would be communicated to the recipient in Form GSTR-2A. Based on the Form GSTR 2A, an auto-generated statement in Form GSTR-2B would be available to the recipient which contains the details of input tax credit for every month.

The details of invoices furnished under this facility is auto-populated in the Form GSTR 1 of the relevant quarter. In another words, the invoices furnished in the first two months are not required to be furnished again in Form GSTR-1.

5.1.3 Auto-Population of e-Invoice details in Form GSTR-1

Few specified taxpayers are required to obtain the Invoice Reference Number (IRN) from the Invoice Registration Portal (IRP). In order to obtain the IRN from IRP, the supplier is required to upload all the details relating to the invoice. In order to ensure that the supplier may not be required to fill such details again on the GSTN portal while filing Form GSTR 1, the GSTN system has facilitated the auto-population of such E-invoices details in Form GSTR-1.

5.1.4 Import of invoices from e-way bill portal to Form GSTR-1

A registered person required to generate E-way bill can also import invoice details from E-way bill portal to prepare their Form GSTR-1 for a month/quarter. In this regard, the GSTN system provides an option of ‘Import EWB data’.

5.1.5 Auto population of details in GSTR-1 from table 6A filed separately

One of the condition for getting the refund of IGST paid on the export of goods with payment of tax is that the supplier has furnished Form GSTR 1 and a valid return Form GSTR 3B. The export details are required to be furnished in Table 6A of the Form GSTR 1.

The law provides that wherever the date of filing Form GSTR 1 is extended then the supplier would be required to furnish the invoice details separately in Table 6A of the Form GSTR 1 after furnishing Form GSTR 3B of the relevant period.

The information furnished in table 6A is auto-populated in Form GSTR-1 of the relevant tax period. In other words, such details are not separately required to be reported.

5.2 Instructions for filing Form GSTR-1

The Form GSTR-1 provides the details of outward supplies which include details of invoices, debit notes, credit notes and revised invoices issued in relation to outward supplies made during any tax period.

Notably, the person opting for the QRMP scheme can furnish the invoice-wise details under the Invoice Furnishing Facility for the first two months of the quarter under the following fields only:

• B2B invoices
• Credit/ Debit Notes (Registered) – CDNR
• Amended B2B invoices
• Amended Credit/Debit Notes (Registered)

You May Also Like: All About Form GSTR 3B All About GSTR-4

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

• The statutory material is obtained only from the authorized and reliable sources
• All the latest developments in the judicial and legislative fields are covered
• Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
• Every content published by Taxmann is complete, accurate and lucid
• All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
• The golden rules of grammar, style and consistency are thoroughly followed
• Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

PREVIOUS POST

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Latest books.

R.K. Jain's Customs Tariff of India | Set of 2 Volumes

R.K. Jain's Customs Law Manual | 2023-24 | Set of 2 Volumes

R.K. Jain's GST Law Manual | 2023-24

R.K. Jain's GST Tariff of India | 2023-24

Everything on Tax and Corporate Laws of India

Author: Taxmann

• Font and size that's easy to read and remain consistent across all imprint and digital publications are applied

Everything you need on Tax & Corporate Laws. Authentic Databases, Books, Journals, Practice Modules, Exam Platforms, and More.

• Express Delivery | Secured Payment
• Free Shipping in India on order(s) above ₹500
• Missed call number +91 8688939939
• Virtual Books & Journals
• About Company
• Media Coverage
• Union Budget

• Business & Support
• Sell with Taxmann
• Locate Dealers
• Locate Representatives
• CD Key Activation
• Privacy Policy
• Return Policy
• Payment Terms

AI Summary to Minimize your effort

GST PPT – Presentations on Goods & Service Tax

Updated on : Feb 8th, 2023

GST – The Goods and Services Tax – is the mother of all tax reforms in India. It is crucial for all businesses to understand the implications of GST on their brands. Since GST is a new law and crucial processes like return filing and invoicing have been changed, it is even more important that business owners and tax professionals understand the nuances of these new laws so that they can be GST-compliant.

As the wise men once said, being forewarned is being forearmed. If you have been looking for the right information on GST in the form of easy-to-understand GST PPT, you will find the following presentations created by our experts helpful and informative. Peruse these GST PPTs at your own time to understand the intricacies of GST procedures and processes. For more, you can also read our expertly-written blogs, or drop us a line so we can get back to you. Happy learning!

PPT 1 : GST Overview

By now you know that GST is the biggest tax reform India has seen since Independence. What makes it such a big deal? And what are the ways in which it would impact your current business? This GST PPT helps you familiarize yourself with the basics of the new tax system – how and when it is levied, what are its various components, and the future implications.

GST Overview – Know about Goods and Service Tax in India

PPT 2: GST ITC

ITC (Input Tax Credit) is the backbone of the GST taxation system. One of the reasons why GST is beneficial for businesses is because it will help them claim ITC seamlessly and in a more efficient manner than in the previous regime. However, there are certain conditions associated with a successful ITC claim. This GST PPT can help you understand those in detail.

GST Input Tax Credit

PPT 3: GST TRANSITION PROVISION

Businesses transitioning from VAT to GST need to follow certain guidelines, as laid out in the GST Law. By following these, businesses will be able to migrate to the new tax structure easily, and also claim ITC on the closing stock available from the previous regime. To learn more about transition provisions, please go through this GST PPT which lays out the rules in detail.

Transitional Provision Under GST

PPT 4: Guide on GSTR 3B

GSTR 3B is a simple return form introduced by the CBEC for the month of July and August. You must file a separate GSTR 3B for each GSTIN you have. To learn more about GSTR 3B Return Filing, Format, Eligibility & Rules, please go through this GSTR 3B PPT.

GSTR 3B Guide – ClearTax

Create GST Invoices in Excel with ClearTax GST Offline Software

ClearTax GST Offline is a “no-internet” billing software which works in MS Excel. You can create Free invoices and file returns on ClearTax GST with a single click. For lakhs of SMEs in India who do not have access to the internet, the ClearTax GST Offline tool is the easiest way to create invoices and file returns.

Cleartax GST Offline Guide

Quick Summary

Was this summary helpful.

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company Policy Terms of use

Data Center

SSL Certified Site

128-bit encryption

• New at Marg
• Integrated Banking

RETAIL SOFTWARES

DISTRIBUTION SOFTWARES

MANUFACTURING SOFTWARES

Udhyog Ratan Award

OTHER SOLUTIONS

ERP  (CORPORATE SOLUTIONS)

MOBILE APPS

• Admin Login

Understanding GSTR-1: A Comprehensive Guide for GST Taxpayers

Table of Contents

Introduction to GSTR-1

GSTR-1 is a monthly or quarterly return that needs to be filed by registered taxpayers under the Goods and Services Tax (GST) system in India.

The purpose of this return is to provide details of all outward supplies or sales made by the taxpayer during the return period. In this blog, we will discuss everything you need to know about GSTR-1, including its due dates, format, and filing procedure.

Due dates for filing GSTR-1

The due date for filing GSTR-1 depends on the turnover of the taxpayer. For taxpayers with an annual turnover of up to Rs. 1.5 crores, GSTR-1 needs to be filed on a quarterly basis, while for taxpayers with a turnover of more than Rs. 1.5 crores, it needs to be filed monthly. The due date for filing GSTR-1 is the 11th day of the following month for monthly filers, and the 13th day of the following month for quarterly filers.

Format of GSTR-1

GSTR-1 is divided into 13 sections, each of which requires the taxpayer to provide specific details related to their sales. The sections are as follows:

• GSTIN : The GSTIN of the taxpayer filing the return.
• Name of the taxpayer : The legal name of the taxpayer.
• Outward supplies made to registered taxpayers : Details of all sales made to other registered taxpayers.
• Outward supplies made to unregistered taxpayers : Details of all sales made to unregistered taxpayers.
• Zero-rated supplies and deemed exports : Details of all zero-rated supplies made by the taxpayer, including exports and deemed exports.
• Advances received : Details of all advances received against future supplies.
• Adjustments of advances: Details of any adjustments made to advances received in previous periods.
• HSN summary of outward supplies : A summary of all sales made by the taxpayer, classified according to the Harmonized System of Nomenclature (HSN).
• Documents issued : Details of all invoices and other documents issued during the return period.
• Amendments to taxable outward supply details : Details of any amendments made to previously filed GSTR-1 returns.
• Credit/debit notes issued : Details of any credit or debit notes issued during the return period.
• Nil rated, exempted and non-GST outward supplies: Details of all sales made that are either exempted from GST or not taxable under GST.

Free Download Accounting Software

Filing procedure for GSTR-1

GSTR-1 can be filed online through the GST portal. To file GSTR-1, the taxpayer needs to log in to the GST portal using their credentials and navigate to the ‘Returns’ section. From there, they need to select the GSTR-1 form and fill in the required details for each section.

Once all the details are filled in, the taxpayer needs to review the return and submit it. After submission, an acknowledgment receipt will be generated, which can be downloaded for future reference.

Read Other Useful Blogs:

• GST Registration in India
• Basics Of Balancing Sheet

Importance of GSTR-1

GSTR-1 is an essential return that provides the government with detailed information about the sales made by registered taxpayers. It helps the government in tracking the tax liability of the taxpayers and ensures that they are paying the correct amount of tax. GSTR-1 also plays a crucial role in the input tax credit (ITC) mechanism, as it provides the details of the taxes paid by the buyer on their purchases.

The buyer can claim ITC on the basis of the details provided in GSTR-1, which makes it important for the seller to provide accurate details of their sales.

Grow your business with Marg ERP! Easy GST invoices and filing.

Penalties for late or incorrect filing

The government has introduced penalties for late or incorrect filing of GSTR-1 to ensure that taxpayers file their returns on time and provide accurate information. If a taxpayer fails to file GSTR-1 within the due date, a late fee of Rs. 50 per day will be charged for each day of delay, subject to a maximum of Rs. 5,000.

In case the taxpayer has made any errors or omissions in the return, they can rectify the same in the subsequent return. However, if the errors or omissions are not rectified in the subsequent return, the taxpayer may be liable to pay a penalty of Rs. 10,000 or 10% of the tax due, whichever is higher.

Amendment of GSTR-1

If a taxpayer finds any errors or omissions in their previously filed GSTR-1 returns, they can amend the same in the subsequent return. However, amendments to GSTR-1 can only be made for a period of up to two years from the date of the relevant annual return.

The taxpayer needs to file an amendment return for the relevant period and make the necessary corrections. The amended return will overwrite the original return and the changes made will be reflected in the GST ledger.

GSTR-1 is an important return that needs to be filed by registered taxpayers under the GST system in India. It is crucial for taxpayers to ensure that they file GSTR-1 on time and provide accurate details of their sales to avoid any penalties or legal consequences.

By understanding the due dates, format, and filing procedure for GSTR-1, taxpayers can ensure that they comply with the GST regulations and avoid any unnecessary hassles. It is also important for taxpayers to keep themselves updated with any changes or amendments in the GSTR-1 return to ensure that they file their returns correctly and avoid any penalties.

Frequently Asked Questions (FAQs)

Q.1) What is GSTR-1?

GSTR-1 is a monthly or quarterly return that is filed by registered taxpayers to provide details of their outward supplies (sales) made during the relevant period.

Q.2) Who is required to file GSTR-1?

All registered taxpayers who have an annual turnover of more than Rs. 1.5 crore are required to file GSTR-1 on a monthly basis. Taxpayers with an annual turnover of up to Rs. 1.5 crore can choose to file GSTR-1 on a quarterly basis.

Q.3) What is the due date for filing GSTR-1?

The due date for filing GSTR-1 is the 11th of the following month for monthly filers and the 13th of the following month for quarterly filers.

Q.4) What are the details required to be furnished in GSTR-1?

The details required to be furnished in GSTR-1 include the taxpayer’s GSTIN, the period for which the return is being filed, the details of outward supplies, details of credit or debit notes issued, and the details of advances received.

Q.5) Is it mandatory to file GSTR-1 even if there are no outward supplies during the relevant period?

Yes, even if there are no outward supplies during the relevant period, it is mandatory for registered taxpayers to file a nil return in GSTR-1.

Q.6) Can the details furnished in GSTR-1 be amended?

Yes, if a taxpayer finds any errors or omissions in their previously filed GSTR-1 returns, they can amend the same in the subsequent return.

Q.7) What is the penalty for late or incorrect filing of GSTR-1?

If a taxpayer fails to file GSTR-1 within the due date, a late fee of Rs. 50 per day will be charged for each day of delay, subject to a maximum of Rs. 5,000. In case of errors or omissions in the return, a penalty of Rs. 10,000 or 10% of the tax due, whichever is higher, may be levied.

Q.8) Can GSTR-1 be filed manually?

No, GSTR-1 cannot be filed manually. It can only be filed online on the GST portal.

Q.9) Is it necessary to file GSTR-1 for every state in which the taxpayer is registered?

No, the taxpayer needs to file GSTR-1 only for the state in which they are registered under GST.

Q.10) Can GSTR-1 be revised after filing?

No, GSTR-1 cannot be revised after filing. However, if a taxpayer finds any errors or omissions in their previously filed GSTR-1 returns, they can amend the same in the subsequent return.

RELATED ARTICLES

How marg erp software can streamline your operations, unlocking business potential: the power of corporate property consultants, ondc explained: what is ondc and its future on marg erp, leave a reply cancel reply.

Save my name, email, and website in this browser for the next time I comment.

STAY CONNECTED

More in this category.

Navigating the Accounting Software Landscape: Finding the Perfect Solution Near You

Understanding the Applicability of Indian Accounting Standards (Ind AS)

Popular categories.

• Income Tax 879
• Mutual Funds 800
• Insurance 701
• Business 249
• Gov. Of India Schemes 246
• Registration 146
• HSN Code 127
• Government Schemes 105

Other Categories

• Terms & Conditions

A Guide for Regular Taxpayers on Filing GSTR 1 on Time

Feb 16, 2024

0 likes | 17 Views

Businesses must file the GSTR 1 form under the GST framework. Businesses with sales up to Rs. 5 crore can file quarterly returns under the QRMP scheme, which are due on the 13th of the following month. GST-registered businesses with annual turnovers over Rs. 1.5 crores are required to submit their GSTR 1 returns by the 11th of the following month. This fiscal year, we have compiled a comprehensive guide for regular taxpayers on the GSTR 1 due date, late fees, penalties, key terms, and FAQs.<br>https://caportal.saginfotech.com/blog/gstr-1-due-dates

Share Presentation

Presentation Transcript

• More by User

A Unit on Time

A Unit on Time. Universal Design for Learning Technology Integration Plan Johns Hopkins University Laura Moss Anne Arundel County Public Schools. Introduction: Lesson Content. Many basic to advanced concepts will be covered based on the concept of time

410 views • 20 slides

Technology for taxpayers

Technology for taxpayers. Dwane Brinson, CAE Lee County Tax Administrator. Note: If you are viewing this presentation electronically, please view it as a “slide show” in full screen so all the images and animations work properly. Outline. Benefits of new technology What’s out there?

275 views • 17 slides

Hands-on Regular Expressions

Hands-on Regular Expressions. Simple rules for powerful changes. Definitions. String - Any collection of 0 or more characters. Example: “ This is a String ” SubString - A segment of a String Example: “ is a ” Case Sensitivity - detection if a character is upper or lower case.

390 views • 28 slides

On-line Electronic filing

On-line Electronic filing. Acceptable drawing file types. Tiff (Group 4 compression) Smaller file size One file represents one plotted sheet. Many large format scanners generate this type of file Can be generated directly by other cad systems. PDF Small efficient file size

241 views • 7 slides

User guide on e-Filing of Form C for Service Company

User guide on e-Filing of Form C for Service Company. Filing by Tax Agent. Service Pte Ltd 280012506E. Service Pte Ltd 280012506E. User guide on e-Filing of Form C for Service Company. Filing by Tax Agent - What I Need To Do. Service Pte Ltd 280012506E.

197 views • 9 slides

User guide on e-Filing of Form C for Dormant Company

User guide on e-Filing of Form C for Dormant Company. Filing by Tax Agent. Trading Pte Ltd 280012375N. User guide on e-Filing of Form C for Dormant Company. Filing by Tax Agent - What I Need To Do. Trading Pte Ltd 280012375N. User guide on e-Filing of Form C for Dormant Company.

198 views • 9 slides

Filing a Motor Fuel return on MyTaxes

Filing a Motor Fuel return on MyTaxes. To view a previous return, Click “View Return”. Click “Amend” to view the rest of the return. You may make changes and amend at this point, or click cancel or home to go back. The Print button is also available here.

155 views • 6 slides

Time on Time

Made Easy. Time on Time. By Robert S. Porter Assnt . Chief Handicapper PHRF – Lake Ontario. a PHRF Primer. Time on Time Made Easy. So easy, even Jim Teeters can understand it. Time on Time. Goal: To compare and contrast: Time on Time ( ToT ) and Time on Distance ( ToD )

697 views • 55 slides

Last date for filing GSTR-2, 3 extended by a month

Last date for filing GSTR-2, 3 extended by a month on Business Standard. GSTR-2 is the most important return for GST compliance since the availability of input tax credit depends on it

28 views • 2 slides

All important details about GSTR-2 filing.

GSTR-2 is for inward supplies of goods or services or both received during a tax period.

148 views • 12 slides

Understand Important Details About Annual Return Filing: GSTR 9 / GSTR 9A

You can easily generate GSTR 9 report for your business with DigiBill App free for small businesses.

55 views • 4 slides

SAVE YOUR POCKET BY FILING TAXES ON TIME!

Filing taxes is something that no one likes to do especially, if you owe a lot of money in the form of taxes. This can lead to procrastinating the whole process of filing taxes. But this is not at all advisable, as this can lead to more problems and confusion. Firstly, it is essential to understand filing taxes and paying them are two different things and the procedures are different for each of them. This article will throw some light on why it is essential to file your taxes before the due date.

29 views • 2 slides

Time Limits for Filing a Workers Compensation Claim

After sustaining an injury at work, you will be faced with serious problems. One of them will be the inability to work. Without income, it will be hard to take care of your family and pay your mortgage. So, what do you do in such situation? There is only one solution u2013 file a workersu2019 compensation claim. Contact a workers compensation attorney in Los Angeles immediately, and schedule your initial free consultation. Donu2019t hesitate to give them a call. For more details visit at https://www.koszdin.com/LosAngeles/Los-Angeles-Workers-Compensation-Attorney/

98 views • 9 slides

Quick Guide on Time Management | Tips for Managing Time - GSD

Worried about time management? Fret not for we have a few easy tips that can help you streamline your work and move forward with confidence towards success and peak productivity. Read More: https://www.gurukulschoolofdesign.com/blog/quick-guide-on-time-management

26 views • 2 slides

Open Source initiative on filing

Open Source initiative on filing. “Choosing open standards is a very smart business decision” European Commissioner Neelie Kroes , Open Source Champion. Open Source Defined:.

83 views • 7 slides

Presentation on e-Filing

Presentation on e-Filing. What is e-Filing? . The process of electronically filing Income tax returns through the internet is known as e-Filing. e-Filing of Returns/Forms is mandatory for : In the case of an Individual/HUF

199 views • 18 slides

Presentation on e-Filing. What is e-Filing. The process of electronically filing Income tax Returns/Forms through the internet is known as e-Filing. e-Filing of Returns/Forms is mandatory for

170 views • 16 slides

A Guide on Dentures

Business Name - Arlington Advanced Dental Care,Dr.Hossein Ahmadian,DDS Website - http://www.aadentalcareva.com/ Business Address - 1010 N Glebe Rd suite 120 Arlington, VA 22201 Phone - (703) 974-7501 Facebook URL https://www.facebook.com/Arlington-Advanced-Dental-CareDrHossein-AhmadianDDS-487336291357774/

24 views • 1 slides

GSTR 2 Return Filing

GSTR 2X return should be documented by citizen who needs to guarantee for TDS and TCS credit got. Here citizen will get auto-populace of information from his counterparty who documents GSTR 7 and GSTR 8 for example TDS deductor and Tax authority. This arrival can be documented by all the citizens who are making determined deals on the web based business stages or potentially went into any sort of works contract with Government offices who deduct charges.

95 views • 9 slides

A GUIDE ON GEMS

A GUIDE ON GEMS JD Institute of Fashion Technology https://jdinstitute.co/

40 views • 3 slides

A Free Guide on Proper Mortgage for First-Time Homebuyers!!

Are you planning to buy your dream home? Great! Well, you might have come across the term "property mortgage" so many times while checking your loan application form. Get finest home loan Ontario by best mortgage broker CA. We are here to help you for buying a home in Ontario. To know more visit: https://www.houzerz.com/a-free-guide-on-proper-mortgage-for-first-time-homebuyers/

58 views • 5 slides

A Guide on a Chiropractor

Suffering from various health issues such as Headaches, Migraines, back pain or neck pain etc, you have to find a chiropractor. A chiropractor helps you to get rid of your pain by using various chiropractic techniques. To know more, check out the PPT.

96 views • 8 slides

• Submit Post
• Budget 2024
• Goods and Services Tax

17 Steps on How to prepare GSTR-1 using Offline Tool

STEP BY STEP GUIDE ON How to prepare GSTR-1 using Offline Tool

1) Where to get it? : Download the latest version of Offline Tool from the Download section of GST Portal

2) How to install : Extract the ‘gst_offline tool.zip downloaded from portal and install by selecting ‘GST’ offline Tool’ icon. On extraction of zip file, you will see an Excel Workbook Format which can be used for entering in voice data and other records, Detailed instructions for installation is contained in ‘Read Me file in the extracted folder,

3) How to start GSTI-1 preparation: Select ‘New’ to start a new GSTR-1 preparation and furnish the required’ details in the relevant sections for you. Select Proceed to start furnishing the invoices and other details.

4) How to enter Invoice and other data: The invoice details and other GSTR-1 related details can be added in the Tool in following four ways

a. Importing the entire excel workbook to the offline tool by selecting ‘Import Files/ followed by Import Excel. Data in all sections (worksheets) of the excel file will be imported to the Tool in one go.

b. Line by line data entry in each section by selecting the relevant section on the offline tool

c. Copy from the excel worksheets from the top row including the summary and header and pasting it in the designated box in the ‘Import Returns-one section at time under ”import Files’ section in offline tool in the Import Returns-one section at time’ under Import Files’ section in offline tool

d. Section by section data upload of a particular return – using a .CSV file as per the format given along with the offline tool. This option is available in the Import Returns-one section at time under Import Files section in offline tool.

5) View Summary : Once all the details are furnished in the tool, select ‘View Summary. to see the summary of details added across section.

6) Generate File for Upload on GST System : In ‘View Summary’ select ‘Generate File to generate Json file which is to be uploaded on GST Portal. Save this on your computer.

7) Uploading the file on Portal : Log on to the GST Portal : select “Prepare offline’) on GSTR-1 section to upload Json file generated in the previous Step. Uploaded file would be subjected to data validations as per the business rules in GSTR-1.

8) Editing the data submitted through Offline Tool: The details submitted using offline tool can be accessed online after successful upload. You may edit/delete/add the details on GST portal.

9) How to handle error file : In case the uploaded file fails, an error file would be generated. The generated error file can be downloaded from GST portal and later opened in offline tool to rectify the errors. After error rectification, the file may be uploaded by following steps mentioned above.

10 Can Multiple Files be uploaded: The details can be uploaded on GST portal multiple times by following above steps. An invoice uploaded earlier, if uploaded again will get replaced by the latter. Additional details would be added to data uploaded earlier or GST Portal.

11) Can data uploaded earlier be downloaded . You may download the details uploaded for GSTR-1 earlier using download section in prepare GSTR-1 offline pace. The downloaded zip can be opened in offline tool by selecting Open’ and selecting the Zip file downloaded from the GST portal

12) You may add/modify/delete the details populated in offline tool once the downloaded file is opened in tool. Follow steps to upload updated details on GST portal.

13) Data uploaded by my supplier : Any data added by your supplier on GST Portal would reflect in your GST R -2A on real time basis. You may view the details online on GST portal or download the details from GST portal to view it on offline tool. If you have more than more than 500 invoices in any section of GSTS-2A, you will not be able to see it on online. Please download the GSTR-2A using this Tool and see the data on your computer.

14) Filing GSTR-1 : Once the all the details have been uploaded for the tax period on GST portal. Please select Submit’ on GST portal to furnish the details for tax period. Please note that no further modifications are allowed after submit Please ensure that all details applicable for the tax period are provided correctly and completely on the Portal before clicking on Submit button.

15) Click on declaration statement

16) Click on File GSTR-1 button with DSC or EVC and attach DSC or provide EVC and go ahead for filing

17) Message for successful filing will appear and Acknowledgement will get generated, which gets mailed to the registered ID as well as the registered mobile number as a text message.

• Goods And Services Tax
• « Previous Article
• Next Article »

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

• Join Our whatsApp Group
• Join Our Telegram Group

in offlinetool i unable to import data from excel sheet error showing as file save filed. and i have 2500 invoices

Leave a Comment

Your email address will not be published. Required fields are marked *

Post Comment

Subscribe to Our Daily Newsletter

Latest posts, live course on 360 degree analysis of input tax credit from a litigation perspective, remittances to ifscs under liberalised remittance scheme (lrs), representation on income tax portal issues & section 87a relief, key amendments / clarifications of 53rd gst council meeting, msme form-1 amended: companies to report mses overdue payment, companies (management and administration) amendment rules, 2024: form mgt-6 amended, companies (significant beneficial owners) amendment rules, 2024: new form no. ben-2 , old loans converted into share allotment not unexplained money: itat kolkata, unsigned excel sheet insufficient for section 153c proceedings without corroboration,  gst proceedings without din invalid: andhra pradesh hc, filing form 67 for foreign tax credit is directory, not mandatory: itat indore, featured posts, refund of additional igst paid on upward goods price revision, icai letter to cbdt on technical glitches in income tax filing portal, csr provision violation -section 135(5): mca imposes penalty of ₹1.06 crore, icai raises concerns in relation to form 26as/tis/ais and in e-filing itr forms, summary of 4 gst circulars issued by cbic on 11th july 2024, important due dates – tds / tcs compliance, ca final & intermediate may 2024 exam pass percentage & toppers, popular posts, due date compliance calendar july 2024, july, 2024 tax compliance tracker: income tax & gst deadlines, empanelment with bank of india for concurrent audit, gst compliance calendar for july 2024, updated list of 28 banks for income tax payments on e-filing portal, monthly (july-2024) legal obligations + legal updates for india, pre budget memorandum 2024-25: tax base, avoidance, litigations, may 2024 ca intermediate & final examination result on 11th july 2024, notice u/s 143(2) for income tax scrutiny assessment.