🌐 GST SERVICES – COMPLETE GUIDE

🔷 What is GST?

Goods and Services Tax (GST) is a unified indirect tax introduced in India to replace multiple taxes like VAT, Service Tax, Excise Duty, etc. It is a destination-based tax applied on the supply of goods and services.

GST simplifies taxation by creating a single national market and ensures seamless input tax credit across the supply chain.

🔷 Who Should Take GST Registration?

GST registration is mandatory for:

• Businesses with turnover exceeding:

  • ₹40 Lakhs (Goods)

  • ₹20 Lakhs (Services)

• Inter-state suppliers

• E-commerce sellers

• Exporters

• Casual taxable persons

• Input service distributors (ISD)

• Businesses liable under Reverse Charge Mechanism (RCM)

👉 Voluntary registration is also allowed to claim Input Tax Credit (ITC).

🔷 GST Registration Process

1. Submit basic details (PAN, Aadhaar, Mobile, Email)

2. Verify OTP

3. Upload required documents:

   • PAN Card

   • Aadhaar Card

   • Business Address Proof

   • Bank Details

4. ARN generated

5. GSTIN issued after verification

⏱️ Processing time: 3–7 working days

🔷 Types of GST Returns (Detailed + Due Dates)

📊 GSTR-1 (Sales Return)

• Contains details of outward supplies (sales)

• Filed monthly or quarterly

📅 Due Date:

• Monthly: 11th of next month

• Quarterly: 13th of next month

📊 GSTR-3B (Summary Return)

• Summary of sales, purchases & tax liability

• Tax payment is done through this return

📅 Due Date:

• 20th of next month (monthly filers)

📊 GSTR-2B (Auto ITC Statement)

• Auto-generated statement

• Shows eligible Input Tax Credit

📌 Important for ITC claim & reconciliation

📊 GSTR-9 (Annual Return)

• Yearly summary of all GST returns

📅 Due Date:

31st December of next financial year

🔷 Export Under GST

• Export is treated as Zero-Rated Supply

• No GST payable on exports

Two options:

1. Export under LUT (without tax)

2. Export with IGST (claim refund later)

🔷 GST Refunds

Refund can be claimed for:

• Export of goods/services

• Excess tax payment

• ITC accumulation

• Inverted duty structure

⏱️ Refund Timeline: 30–60 days

🔷 Annual Returns & Audit

• GSTR-9: Mandatory for most taxpayers

• GSTR-9C: Reconciliation statement (if applicable)

Ensures:

• Correct reporting

• Compliance verification

• Avoid penalties

🔷 General FAQ on GST

❓ Is GST registration compulsory?

Yes, if turnover exceeds threshold or business falls under mandatory category.

❓ What happens if GST return is not filed?

Penalty + late fees + interest + possible notice.

❓ Can I claim ITC without invoice?

No, valid tax invoice is mandatory.

❓ What is composition scheme?

Simplified GST scheme for small taxpayers with lower compliance.

❓ How can I reduce GST liability?

By proper ITC claim, planning & compliance.

FAQs

Who must register?

Businesses with turnover above the threshold must register for GST.

How to register?

Register online by submitting required documents on the GST portal.

What are GST returns?

GST returns are periodic filings detailing sales, purchases, and tax paid, with specific due dates.

Refunds are claimed through the GST portal after verification.

How are refunds processed?

What about annual returns?

Annual returns summarize yearly transactions and must be filed by the due date.