There are only 3 days left for the taxpayers who have to file 3 return filings before the upcoming due date i.e. 20th August 2018. The business units have to file GSTR 3B while the NRIs have to file GSTR 5 and GSTR 5A and for this, they have only 3 days left at the time of writing this piece of information.
It is warned that if in case taxpayers have not filed the return of GSTR 3B of the may month they are suggested to file it as soon as possible. In 27th GST council meeting, it was decided that the GSTR 3B will be continued until a single return form is not finalized for the taxpayers.
Due Date of GSTR 3B July 2018
All the traders and business units are required to file GSTR 3B for the month of April till 20th August 2018 in which they have to include all the details of sale and purchase. Also, the transactions done with the traders having a turnover of fewer than 20 lakhs is to be included in the reverse charge for.
Also, the taxpayers will have to include details of input tax credit, interstate dealings and transactions with unregistered dealers. Also, they have to include the details of business done with the composition scheme dealers and the sales of tax-free products.
20th August – Due Date of GSTR 5 For NRI
All the non-resident Indian (NRI) dealers are required to file the GSTR 5. All the NRIs who comes to India for trade purpose and earns by trading and business dealing in India have to file GSTR 5. The NRI dealers have to provide all the details of sale and purchase in the GSTR 5 form.
20th August – Due Date of GSTR 5A For NRI Service Provider
Apart from NRI dealers, all the NRI service providers will have to file GSTR 5A in which they have to include all the details of sale and purchase.
11th September – Due Date of GSTR 1
All those traders having turnover more than 1.5 crores are required to file monthly (July) GSTR 1 by 11th September. GSTR 1 is a monthly return filed by taxpayers having turnover more than 1.5 crores in which they have to give all the details of sales.
Dear Sir,
Kindly provide complete details on my email. Relating to RCM, Whether it is applicable or not.
What items are exempted from RCM?
Read here: https://blog.saginfotech.com/reverse-charge-mechanism-under-gst