Update: Deadline of GSTR 1 filing for the month of July extended to 10th of September.

Update: Deadline of GSTR 1 filing for the month of July extended to 10th of September.

Return Period	GSTR 1	GSTR 2	GSTR 3	GSTR 3B
July 2017	October 10	October 31	November 10	August 25
August 2017	October 5	October 10	October 15	September 20

Do NGO/ Education Sector Entities Need to Register for GST?

While NGOs do not need to be registered under the GST, you will still need to provide other details like registered trust office address if you are collecting donations via an online platform.

How Do I Register for GST?

GST registration / migration is currently open for existing VAT / Service tax payers. If you haven’t enrolled your small business for GST yet and don’t know how to do so, follow this step-step-step guide to get your provisional GST Number (GSTIN).

 Click here for more information: Watch This Video

 If you aren’t an existing assesses under VAT /  Service tax, the registration window isn’t still open for registration.

What is Input Tax Credit?

Input Tax Credit is the money you can get back on the taxes you paid while purchasing a product or service.

You can file them as returns on the GST Network (GSTN) to get back the money you paid while making a purchase from a wholesaler, retailer or online platform.

How Do I Get My Input Tax Credit?

To claim your input tax credit, both you and your supplier needs to be covered under the GST Act.

The following conditions must be fulfilled for you to be able to claim your input tax credits:

• You should have received the goods/services
• You should have a legit invoice of the purchased goods or services
• The tax charged to you was paid to the government by your supplier
• The supplier has filed for returns.

How Do I File GST Returns?

The most common returns will be GSTR 1, 2 ,3, 4 & 9. All businesses need to submit GSTR 1, GSTR 2 & GSTR every month. GSTR 4 needs to be submitted every quarter and GSTR 9 is to be submitted on an online basis.

Below is a table of all the forms you would need to fill and file under the latest GST regime:

Form Type/Number	What To File	Who Should File	Due Date
GSTR - 1	Outward Sales	By Suppliers	10th of next month
GSTR - 2	Purchases made	By Recipients	15th of next month
GSTR - 3	Monthly return of what went out and what came in (supplies) + payable tax amount	By all businesses	20th of next month
GSTR - 4	Compound GST return	By all businesses	18th of every quarter
GSTR - 5	GST returns	By taxable non-residents	20th of next month
GSTR - 6	GST returns	Input Service Distributor	16th of next month
GSTR - 7	GST returns	TDS deductors	10th of next month
GSTR - 8	Supplies + taxes collected via e-commerce platform	E-commerce operators/ tax collectors	10th of next month
GSTR - 9	Annual GST returns	By all businesses	31st Dec of financial year

 
You can view model forms here. The forms will be available in the GST network (GSTN) and you will need to file them at the portal regularly.

Do NGO/ Education Sector Entities Need to Register for GST?

While NGOs do not need to be registered under the GST, you will still need to provide other details like registered trust office address if you are collecting donations via an online platform.

Do NGO/ Education Sector Entities Need to Register for GST?

While NGOs do not need to be registered under the GST, you will still need to provide other details like registered trust office address if you are collecting donations via an online platform.

Do NGO/ Education Sector Entities Need to Register for GST?

While NGOs do not need to be registered under the GST, you will still need to provide other details like registered trust office address if you are collecting donations via an online platform.

Who is Exempt from Paying GST ?

There are two types of exemptions under GST:

Basic Exemption: If you are supplying goods and/or services below Rs.20 Lakh of value in the country and are not selling outside your state .

You are exempt from GST if you are supplying goods and/or services below Rs.10 Lakh of value  in the state of Jammu & Kashmir (J&k), Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttrakhand.

Composition Levy: If your business turnover is less than Rs.75 Lakh per annum and you are not selling outside your state, you may apply for the composition levy - an exemption made for small businesses. Under this levy, a taxpayer shall pay tax as a percentage of his turnover in a state during the year without the benefit of input tax credit (ITC). The rate of tax for CGST and SGST/UTGST shall not be less than 1 percent for manufacturers and 0.5 percent in other cases; 2.5 percent (restaurants). No input tax credit is available here.

Five categories of registered persons are not eligible for the composition scheme:

1. Supplier of services other than supplier of restaurant service
2. Supplier of goods that are not taxable under the CGST/SGST/UTGST Act
3. An interstate supplier of goods
4. Person supplying goods through an electronic commerce operator
5. Manufacturer of certain notified goods

What Happens If I Do Not File GST?

If you are required to be registered under GST and do not file by the due date, you will be charged a penalty with a late fee of Rs 100 per day upto a maximum of Rs. 5000. All taxes due have to be paid before filing the return.