GST is a direct tax which is levied on the Goods and Services on Manufacturing, Trading & Services. GST Practitioner having good knowledge in the field of GST Registration, GST Filing at the same time they should communicate the detail of changed made by the GST council from time to time.GST Practitioner should be verified the bill of sales and purchase every month, if any error found, immediately resolve it. So that they can file the annual return properly with Government. GST Practitioner should be filed propertly GSTR1, GSTR 3B, etc at the time of Filing the return. Every month GST practitioner should prepare the stock statement also. So that the assessee can show a exact stock in hand every month to the Government authorities of Income tax, GST,etc.

Features of Goods and Services Tax (GST)


The GST Act provides various benefits for small entrepreneurs to do the business in peace of mind. The Act will be applicable whoever having the turnover of below Rs.150 Lakhs during the financial year in the trading or manufacturing industries subject to condition at the same time Rs.50 Lakhs to be eligible for this scheme.


Input Service Distributor shortly called as ISD under the GST Act. A Input Service Distributor is received the invoices from the branches on the services rendered to the branches of the organization. It distributes the tax paid to such branches on a proportional basis by issuing the ISD Invoice. The branches of received ISD must have same PAN but may have different GSTN. ISD may use by the corporate entities because the large size at natural.


If a registered dealer supplies to export ( both goods or service ) or supply of SEZ is considered as Zero Rated Tax under the Goods & Service Tax (GST). There is no tax applicable on the supply or we can say the tax free supplies. The exporter are eligible to apply for refund of GST on the Tax paid for purchase of goods or services to supply.


The GST Council has decided the threshold limit for GST Registration . The category has divided normal & special under GST Act. The normal Category threshold limit is exceed Rs.40 Lakhs & Special Category is exceed Rs.20 Lakhs. However service provider has same threshold limit is exceed Rs.20 Lakhs. Special Category states is Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, Uttarakhand.

GST Annual Return Filing

For all those who have a liability to register themselves, if fails to do the same than under section 75A of the finance act 1994 penalty for the failure of an assessed to get himself registered was fixed at Rs. 500/- as a onetime payment but subsequently this section was deleted by the virtue of the finance act 2004 and now the general penalty that is applicable is Rs. 1000/- as per section 77 of Finance act.

Who has to File GSTR9, the annual Return?

For all those who have a liability to register themselves, if fails to do the same than under section 75A of the finance act 1994 penalty for the failure of an assessed to get himself registered was fixed at Rs. 500/- as a onetime payment but subsequently this section was deleted by the virtue of the finance act 2004 and now the general penalty that is applicable is Rs. 1000/- as per section 77 of Finance act.

Documents required for Annual Return Filing

  • 1

    Documents for Company

    • PAN
    • Rental Agreement
    • Bank Statement
    • EB receipt
    • Resolution Copy in case of Company
  • 2

    Documents for Owners

    • PAN
    • Voter ID / Passport/ Driving License / Aadhar Number
    • Photo – 2 Nos
    • Documents to be attested
  • 3


    • ST-2 will be issued by the department.

Business Plan



  • Nil Return
  • GSTR 1
  • GSTR 3B



    • 15 Invoices
    • GSTR 1
    • GSTR 3B



  • 50 Invoices
  • GSTR 1
  • GSTR 3B



Collection of Sales & Purchases before 8 of succeeding month


Preparation of Statement to arrive tax


Submission of Return after getting the approval and payment of Tax


Acknowledgment of Tax Filing send to Customer for GSTR 1 & 3B

Frequently Asked Questions

What is GST?
GST is Goods and Service Tax which is a indirect tax is replaced many indirect taxes in India. The Act came to effect on 1st July 2017. Under the GST is only tax for entire nation.
Is GST applicable for business of vegetable commission agent?
The service provided by a commission agent for a sale or purchase of agricultural product are exempt under the GST, there no registration is required to obtained.
Is exporter required to raise invoice or bill of supply to customer?
Export of material is a zero rated supply under the GST. since the material is not exempted to tax is required to raise invoice to the customer.
If an association is collecting monthly subscription of Rs.less than 5000 p.m per member but the aggregate turnover is more than Rs.20 lakhs whether GSt is applicable. Whether GST applicable on sinking fund, corpus fund and recovery of piplelined gas charges from residents on the basis of meter readings?
Under GST regime, even if the reimbursement of charges upto Rs. 5000 are exempt under GST, but still the exempted supplies will be covered for calculating the aggregate turnover. Thus, registration under GST will be required and the reimbursement upto Rs. 5000 shall be exempt under GST. Further, if the charges are collected in the capacity of pure agent, then no GST shall be leviable, otherwise, GST shall be payable in this case.
Can we utilise previous month ITC of reverse charge to discharge the liability of current month under reverse charge?
For the payment of taxes under reverse charge, ITC cannot be claimed. Thus, reverse charge liability is required to be deposited through electronic cash ledger only. Further, the amount of taxes paid under reverse charge can be utilized to pay the output tax liability of the next month under normal charge.
Is composition dealer liable to pay Reverse charge in addition to fixed percentage of normal GST that he has to pay ?
If reverse charge is applicable on a particular supply then the composition dealer has to pay GST under reverse charge as a recipient of supply at normal GST rates as applicable.
What is DSC?
Digital Signature Certificates (DSC) is an electronic format of a certificate that represents the physical form of a certificate. These are specific certificates which give you authority to access information or services on the Internet or to sign legal documents. It works as a prove for the identity of a person example of certificates can be like a driving license, passport or any membership certificates. It’s the same way as the physical documents are signed manually, the electronic documents, like e-forms, are signed by using the Digital Signature Certificate.
What is DIN?
Director identification number is the unique number that is issued to existing Director or a Future Director of a Company. It is required to be submitted during the procedure for company registration. It is denoted as DIN. Often there are crisis situations when a company is created with money raised from the investors and public, then the director along with all the money vanishes which are not traceable if they don’t have a DIN. To avoid such fraudulent cases and maintain a proper record of the company a DIN is necessary.
What is a Stamp Duty?
It is a tax that is demanded on documents. The stamp duty includes majorly the legal documents such as Cheque, military commissions, marriage license, receipts and land transactions. When a physical stamp is attached to the document, it is denoted that, the stamp duty had been paid for the particular document which was effective legally.
Do I need a Chartered Accountant to register my company?
Yes, a chartered accountant is important for a company registration, as it provides general accounting, internal auditing, accounting, outsourcing, income tax advisors, tax planning, etc.
Can a government servant, start his/her own company?
It is a strict No, a government employee cannot run a business or do a part time job and for that matter anything except the designated work in the government.
What is a Share Certificate?
It is a written document which is signed on behalf of a corporation/company to serve as a legal proof of ownership of shares/stock that the company indicates to have. It is also termed as Stock Certificate.
When to appoint a CA/CS in company?
Every company having a paid-up capital of Rs. 5 crore needs to have a whole time CS official as per the new amendment in the Company Act.

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