What is GSTR-2 Return?

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GSTR-2 Return

What is GSTR-3 Return

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GSTR-3 Return

What is GSTR-4 Return

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GSTR-4 Return and filings

What is GSTR-5 Return

GSTR-5 Return and its dates.

What is GSTR-6 Return – Monthly Return for Input Service Distributors

• GSTR-6 Return – Monthly Return for Input Service Distributors

    filing details.

What is GSTR-7 Return – Monthly Return for Tax Deductors

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• GSTR-7 Return – Monthly Return for Tax Deductors

What is GSTR-8 Return – Monthly Return for E-Commerce Operator

• GSTR-8 Return – Monthly Return for E-Commerce Operators and its implications

What is GSTR-9 Return – Annual GST Return

• GSTR-9 Return – Annual GST Return

    about this return

GSTR-10 Return – Final GST Return

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• GSTR-10 Return – Final GST Return

What is GSTR-11 Return for UIN Holders?

GSTR-11 Return – GST Return for UIN Holders ids are another important GST returns. Form GSTR-11 is the GST return form to be furnished by the persons who have been issued a Unique Identity Number (UIN) by the GST Council. The GSTR-11 is used by such UIN allotted entities to obtain refunds under GST, for all the goods and services purchased by them in India.

Before we get more into the GSTR-11 Returns for UIN alloted business entities, we need to learn and understand UIN in more detail.   

UIN or Unique Identity Number is a special classification made for foreign diplomatic missions and embassies who are not liable to pay taxes in Indian Territory. The focal purpose of issuing UIN is to return back any tax collected from the bodies / persons holding UIN. However, in order to ensure that the GST is refunded and paid back these entities need to file GSTR-11 on the GST portal.

The following organizations can apply for a UIN in India for GST refund claims:

• A specialized agency of the United Nations Organization.
• A consulate or embassy of foreign countries.
• A multilateral financial institution and organization notified under the United Nations (Privileges and Immunities) Act, 1947.
• Any other person or class of persons as notified by the commissioner.

The above persons / organizations can apply for a UIN using Form GST REG-13.

The due date for GSTR-11 is the 28th of the month following the month in which an inward supply is received by the UIN holders. Thus, it is to note that GSTR-11 filing is not a mandatory monthly process, but a case-to-case basis filing, depending on supplies made by the entity holding UIN.


It is to note that GSTR-11, compared to other GST returns is comparatively a shorter and simpler form with primary objective to capture all inward supplies, such that GST refunds can be appropriately processed and calculated. 

How to file GSTR-11

Following are the steps and details to be provided in the GSTR-11 form:

1. UIN – The UIN is a special identification number assigned to notified bodies by the GST administration as explained above. This should be mentioned in this section. 

2. Name of the person having UIN – Under this section, the name of the person having UIN, will get auto-populated at the time of filing return at the GST portal.

3. Details of inward supplies received – In this section, one needs to provide the GSTIN number of the suppliers, from which goods or services have been purchased in the previous month by the UIN bodies / persons. On filling the GSTIN number, the details will get auto-populated from the GSTR-1 return form, furnished by the suppliers. It is to be noted, that UIN holders cannot add / modify details in this section.

4. Refund amount – The refund amount will get auto calculated here. For that to happen, one needs to provide the bank details for the credit of such refund into the specified bank account.

Types of GST Returns and Due Dates

Filing of GST return is must for all Persons and Business entities having GST registration. Every Month there are specific due dates for filing of GST returns. These dates must be carefully saved and sacrosanctly followed to submit and file GST returns. In total, there are 11 GST returns that a user must submit each month. However, it is not necessary to file all of them each month.

In this article, we will look at the different types of GST returns and the due dates.

• GSTR-1 Return – Due on 10th of Every Month

• GSTR-2 Return – Due on 15th of Every Month

• GSTR-3 Return – Due on 20th of Every Month

• GSTR-4 Return – Quarterly Return for Composition Suppliers Due on 18th

• GSTR-5 Return – Monthly Return for Non-Resident Taxable Persons

• GSTR-6 Return – Monthly Return for Input Service Distributors

• GSTR-7 Return – Monthly Return for Tax Deductors

• GSTR-8 Return – Monthly Return for E-Commerce Operator

• GSTR-9 Return – Annual GST Return

• GSTR-10 Return – Final GST Return

• GSTR-11 Return – GST Return for UIN Holders

How to find Correct GST Rates and GST HSN Codes?

After the implementation of GST in India, it is mandatory to mention the HSN Code in the GST Tax Invoice. The HSN is a must put 4 Digit Code that must be put into the Invoice before shipping or selling the goods. Similarly, the HSN Codes must be clearly mentioned in the Purchase invoice by the seller and the same should be put across all GST returns.

Everyday we have face issues in getting the right HSN code for products and services. This is a common problem that many businesses in India face while putting or confirming the Correct GST HSN Code. To overcome this many pupil just put the search code in Google or other search engines as "Find HSN Code for Pencils" or "HSN Code of Pencils"

This is a wrong method as this step will return search results from all across the Globe. Hence the chances of getting the Correct HSN Code for GST Invoicing will be low. You might end up putting up wrong HSN Code and may attract penalty. This is mainly because the HSN Code seeked might belong to many other countries that are already using the GST tax Codes for Goods and Services in their territorial region.

"A few of our client were doing the same mistake when it comes for filing of the GST returns. They were not sure of the HSN Code and hence searched the Internet and put up a different HSN Code that belonged to some country in Europe." Said a Chartered Accountant we met recently.

So what can we do to ensure we do not commit the same mistake again. We'll for Android Phone users you can download the CBEC HSN Code finder and FIND HSN CODES AND GST TAX RATES that are correct.

You can also find out the GST Tax Rate applicable as per the commodity or service under GST Rules.

FIND HSN CODES AND GST RATES IN TELUGU

What is GST? An Overview to Goods and Services Tax

 Dear Readers, 

As we all know that the Goods and Services Tax is implemented in India from July 2017. The new taxation system is applicable to all Indian states and Union territories of the Republic of India. The new tax system is an amalgamation of all taxes which bring the nation under single taxation rules and similar tax rates. 

GST is known as the Goods and Services Tax. It is an indirect taxation system which has replaced many indirect taxes in India such as the octroi, mandi tax, excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. In other words, the Goods and Service Tax (GST) is levied on all transactions involving the supply of goods and services.

The Goods and Services Tax Law 2017, in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition during sales or transfer of the goods and services. GST is a single domestic indirect tax law for the entire country. With the sole motive of One Nation One Tax System. Under the GST Taxation regime, the tax is levied at every point of sale of goods and services. In the case of intra-state sales, Central GST and State GST are charged. All the inter-state sales are chargeable to the Integrated GST Tax. 

Now, let us understand the definition of Goods and Service Tax, as mentioned above, in detail.  Be it Multi-stage Purchase of raw materials, Production or manufacture, Warehousing of finished goods, Selling to Wholesalers, Sale of the product to the retailers, Selling to the end consumers. GST could be classified into the following as per the Value Addition to the Goods and Service.

An item goes through multiple change-of-hands along its supply chain: Starting from manufacture until the final sale to the consumer. Let us consider the following stages: The Goods and Services Tax is levied on each of these stages making it a multi-stage tax. A manufacturer who makes biscuits buys flour, sugar and other material. The value of the inputs increases when the sugar and flour are mixed and baked into biscuits. The manufacturer then sells these biscuits to the warehousing agent who packs large quantities of biscuits in cartons and labels it. This is another addition of value to the biscuits. After this, the warehousing agent sells it to the retailer. The retailer packages the biscuits in smaller quantities and invests in the marketing of the biscuits, thus increasing its value. 

GST is levied on these value additions, i.e. the monetary value added at each stage to achieve the final sale to the end customer. Consider goods manufactured in Maharashtra and sold to the final consumer in Karnataka. Since the Goods and Service Tax is levied at the point of consumption, the entire tax revenue will go to Karnataka and not Maharashtra.

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