The GST Act:
A registered taxable person should submit details in GSTR-1 of all the outward provides of products and services transacted within the month by the 10th of the following month.
GSTR-2 contains details on all input provides and details regarding claiming the tax credit that should be filed by 15th of the following month.
A registered payer should file GSTR-3 that contains details relating to the monthly return. The completion of outward and input provides, additionally because the quantity of the payable tax, is enclosed during this.
The monthly returns are filed online through a standard portal that is managed by the goods and service Tax Network (GSTN). Foreign Non-Residents and casual taxpayers should file monthly returns whereas composite taxpayers should file quarterly tax returns. As per GST law, each registered dealer under GST is needed to file a return. A return has to be filed even though there’s no commercial activity throughout the tax period.
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