Step: 3 Upload invoices on the on the GST portal or the software. An invoices reference number will be issued againts each invoice.
Step: 4 After Uploading invoices, outward return, inward return, and cumulative monthly return have to be filed online, if there are any errors, you have the option to correct it and re-file the return.
Step: 5 File the outward supply returns in GSTR-1 form through the in information section at the GST Common Portal (GSTN) on or before 10th of the following month.
Step: 6 Details of outward supplies furnished by the supplier will be made available in GSTR-2A to the recipient.
Step: 7 Recipient has to verify, validate, and modify the details of outward supplies, and also file details of credit or debit notes.
Step: 8 Recipient has to furnish the details of inward supplies of taxable goods and service in GSTR-2 form.
Step: 9 The supplier can either accept or reject the modifications of the details of inward supplies made available by the recipient in GSTR-1A.
You can download your GST Returns from the official GST Portal. You can follow the steps mentioned below to download your GST Returns:
A taxpayer shall follow the steps below to change the profile under the QRMP Scheme:
Step 1: Log in to the GST portal and navigate through Services > Returns > Opt-in for quarterly return.
Step 2: The opt-in quarterly return page will be displayed. Select the financial year from the drop down list for which you want to change the filing frequency. Click on ‘Search’.
Step 3: The following details will be displayed-
Quarter – The four quarters of the financial year will be displayed.
Frequency – The selected monthly/quarterly filing options will be displayed. The quarter open for selection will be highlighted in green. A taxpayer can choose the monthly/quarterly option as desired, and then click on ‘Save’ under the action tab to save the preference.
Selection available – This displays the specific dates of the quarter during which the taxpayer can select his filing frequency.
Applicable return due dates- This tab will display the applicable return due dates for each of the months of the quarter for GSTR-3B and GSTR-1 returns.
Note: For taxpayers whose aggregate annual turnover is greater than 5 crores, the filing frequency will be monthly and there will be no option to choose quarterly return filing.
Step 4: A confirmation message will be displayed. Click ‘OK’ to confirm the selection of filing frequency.
If the taxpayer chooses the filing frequency as quarterly:
If the taxpayer chooses the filing frequency as monthly:
Step 5: A message will be displayed that the filing frequency has been changed. Click ‘OK’.The quarterly opt-in page will be displayed. The filing frequency will be changed and the save button will be disabled.
Note: After the taxpayer has opted in or out of the QRMP Scheme, an email and SMS will be sent to the taxpayer’ primary authorized signatory. Click on the ‘Continue to returns dashboard’ button to go to the returns page.
Under QRMP Scheme, small taxpayers file GST returns quarterly while they pay taxes monthly. Steps to Make Tax Payments under the QRMP Scheme are as follows:
Log in to the GST portal and navigate through Dashboard> Payments> Create challan.
Under ‘Reason for Challan’, select the ‘Monthly payment for quarterly return’ option. Select the financial year, period, type of challan and then click on ‘Proceed’.
To pay tax using the 35% challan method, click on ‘35% challan’ under challan type.
-To pay tax under the self-assessment method, click on the ‘Challan on self-assessment basis’ option.
-If the ‘35% challan’ type is selected, click on ‘Generate 35% challan’ on the next page. This will auto-generate the challan based on the previous periods’ GSTR-3B.
-If the ‘Challan on self-assessment basis’ is selected, the taxpayer will need to manually compute his tax liability and enter the same in the relevant cells. Once the values are entered, he will need to click on ‘Generate challan’.
Note: A taxpayer is not required to make any tax payment during the first two months of the quarter if the balance in the electronic cash/credit ledger is sufficient for the tax due, or there is a nil tax liability.
Pay the challan generated as per your preferred mode of payment. To know more about steps to make payments under GST, read our article on “Step-by-step process of GST payments”.
|S. No.||State Codes||State||Due Date|
|1||01||01 – Jammu and Kashmir||24|
|2||02||02 – Himachal Pradesh||24|
|3||03||03 – Punjab||24|
|4||04||04 – Chandigarh||24|
|5||05||05 – Uttarakhand||24|
|6||06||06 – Haryana||24|
|7||07||07 – Delhi||24|
|8||08||08 – Rajasthan||24|
|9||09||09 – Uttar Pradesh||24|
|10||10||10 – Bihar||24|
|11||11||11 – Sikkim||24|
|12||12||12 – Arunachal Pradesh||24|
|13||13||13 – Nagaland||24|
|14||14||14 – Manipur||24|
|15||15||15 – Mizoram||24|
|16||16||16 – Tripura||24|
|17||17||17 – Meghalaya||24|
|18||18||18 – Assam||24|
|19||19||19 – West Bengal||24|
|20||20||20 – Jharkhand||24|
|21||21||21 – Odisha||24|
|22||22||22 – Chhattisgarh||22|
|23||23||23 – Madhya Pradesh||22|
|24||24||24 – Gujarat||22|
|25||25||25 – Daman and Diu||22|
|26||26||26 – Dadra and Nagar Haveli||22|
|27||27||27 – Maharashtra||22|
|29||30||30 – Goa||22|
|30||31||31 – Lakshadweep||22|
|31||32||32 – Kerala||22|
|32||33||33 – Tamil Nadu||22|
|33||34||34 – Puducherry||22|
|34||35||35 – Andaman and Nicobar Islands||22|
|35||36||36 – Telangana||22|
|36||37||37 – Andhra Pradesh||22|
|37||38||38 – Ladakh||24|
Blending means transfer of one’s individual property in the common hotchpot and make it a part of the common property of the HUF. There must be an intention to throw the separate property into the common stock and it is necessary to waive all separate rights in respect of the property, which must be clearly established through a declaration. Only the coparcener is entitled to throw in HUF’s common property.
This is for achieving distribution of immovable property among members because giving it in any other manner will require registration for effective transfer.Each division is entitled to claim exemption under Sec 5 (vi) of the Wealth Tax Act.
HUF is a creation of law and cannot be created by the act of parties, therefore, HUF cannot be created for the first time by a gift from the stranger. If HUF already exists, gift can be made by a stranger to such HUF.The gifted property will be HUF property if the gift is made to HUF. Intention of donor & the character of the gifted property will depend on the construction of the gift deed. Precautions to be taken by family while accepting gifts
Property acquired in the course of some business carried on by the persons constituting a joint Hindu family, takes the characteristic of joint family property. As per Hindu law, in case of properties not acquired with the aid of joint family property, it is presumed that property acquired by coparceners by working together is joint family property unless the persons concerned desire to hold it as co-owners. This is valid if the coparceners are carrying on work together and belong to the same line of ancestors. The income from such property is out of the purview of section 64(2) of the Income Tax Act, 1961 and section 4(1 A) of the Wealth Tax Act, 1957. In the cases of properties acquired with the aid of joint family property is also the joint family property.
A HUF can also be created by will of a person provided the will is valid and there is a specific request in favor of the HUF. Moreover, HUF need not be in existence at the time of execution of will. Even a stranger can bring a HUF into existence by making a will in the favor of HUF of a person. HUF is created if there exist a valid will.
Partition of an existing HUF can also result in creation of many smaller HUFs. As per Hindu Law, the property does not change its character on partition. Property received by a coparcener having a family, continues to have characteristic of HUF. An unmarried coparcener receiving any property will own the property in the status of HUF until he acquires the status of HUF. In case of married coparceners who have no child, the property will continue with the status of HUF. However, the partition has to be total partition because the law does not recognize partial partition as per section 171(9) of the Income Tax Act, 1961.
Even after partition of HUF, members may re-unite to form a new HUF. However, there are certain conditions to make such reunion valid in the eyes of law. Reunion can take place only when there was in existence a HUF and there was total partition of such HUF. It can take place only between persons who were parties to the original partition and to support such reunion, there must be an agreement between the parties. To constitute a reunion there must be an intention of the parties to reunite in estate & interest and such intention is evident. As per Mitkarsha, Dayabhaga and SmritiChandrika, a member of a joint family once separated can reunite only with his
The minor cannot be a part of reunion neither by self nor by someone on behalf of such minor.