Taxpayers remain alert as there will be a lot of filing burden (GSTR 1, GSTR 7, GSTR 8) coming in Last 7 days until the end of January 2019. Let us get to know about all those forms in details to further ease the filing burden of them.
GSTR 1 form is for the regular taxpayers who are required to file the outwards supplies on every 10th of subsequent month. The due date to file GSTR 1 form for the October 2018 to December 2018 quarter period is 31st January 2019. It is suggested that all the GSTR 1 taxpayer having a threshold of under 1.5 crores must file the form without any delay.
Find all these features in Gen GST software GSTR 1 form:
- One-click e-filing of data with Offset & EVC/DSC-e-filing
- Delete all data from the portal
- Summary/dashboard option
- Amendment facility
- Bulk download status of return filing
- Download return data from the GSTN portal
- Portal data import from GST return software and govt portal
GSTR 7 is for the TDS ( tax deducted at source ) deductor and has to be filed on every 10th of the subsequent month by all the TDS deductors. The TDS is deducted at the time of payment to the suppliers and is filed by very specific taxpayers i.e. only TDS deductors. It is to be noted that the tax filing cannot be done until unless the previous tax filing has not been done. The due date to file GSTR 7 for the time period from October 2018 to December 2018 – 31st January 2019 is 31st January 2019. It is here suggested to file the GSTR 7 without any delay to avoid any penalty.
Gen GST software offers GSTR 7 with multiple features including:
- GSTR 7 filing of data with an offset with EVC/DSC
- Download return data from the GSTN portal
- Import data from Excel, JSON etc.
- Reconcile difference of software and portal for differences if any
GSTR 8 is filed by e-commerce companies who are responsible for deducting the tax collected at source from the suppliers at the time of payment. The supplies include registered, unregistered customer, tax paid, and tax payable done by the e-commerce platform. The due date to file the GSTR 8 for the time period from October 2018 to December 2018 is 31st January 2019.
There is a per day penalty of INR 100 in case the taxpayer misses to file the return on time. Also to note that the servers will be fully loaded due to which many of the taxpayers would miss the GSTR form filing even if they wanted to file them on the portal.
SAG Infotech bring the solutions to all these multiple GSTR filings in a single package and i.e. Gen GST Software version 2.0 having all the features necessary to overcome the hurdles of filing compliance under GST.
