CMA Bhogavalli Mallikarjuna Gupta

GST Tip – 121

GST Tip – 121: Annual Return GSTR – 9 has to be prepared, from the audited results of the tax taxpayers. A reconciliation statement for the inward supplies and outward supplies for each registration number along with expenses for each GSTIN (GST registration number) basis of the audited financial statements has to be filed.

GST Tip – 120

Every registered tax payer under GST has to file an annual return called GSTR – 9. This return has to be filed by every tax payer expect by the ISD (input service distributor) by 31st of December of the next year. Say for example Annual return for FY 2016 -17 has to be filed by 31st December of 2017

GST Tip – 119

The tax payer who has obtained registration as non-resident tax payer has to file his return GSTR – 5, earliest of the following dates, within 20 days from the end of the month or seven days after the validity of his registration period electronically.

GST Tip – 118

A Non-resident taxable person has to file the GSTR-5 return showing all the details of inward supples, outward supplies along with any interest or penalty, fees or any other amount liable.

GST Tip – 117

GST Tip – 117 : A non-resident taxable person is required to apply for registration at least 5 days prior the commencement of business in India in a trade show or an exhibition. The non-resident taxable person has to apply for registration filing the form “GST REG-10”.