X

V J M & Associates LLP

Delhi

| GST  07AANFK9651N1ZH

| Verified Supplier

|

View Mobile Number 75% Response Rate
Hi
I agree to the terms and privacy policy
Verifying...
1

Have a requirement?
Get Best Price

Hi
I agree to the terms and privacy policy
Verifying...
1

Have a requirement?
Get Best Price

Services

+View All

Goods & Service Tax Solution


  • Invoicing Under GST
  • Invoicing Under GST
  • Invoicing Under GST
Invoicing Under GST
Interested in this product?
Get Best Quote

Invoicing Under GST

Get Latest Price

Watch Video

Industry TypeServices

Provision for Tax Invoices have been given in Section 31 to section 34 Read with Rules of Tax Invoice. There are total 8 type of invoices has been defined in GST. These are

 

Tax Invoices

Revised Invoice

Bills of Supply

Receipt Voucher

Payment Voucher

Refund Voucher

Debits Notes

Credit Notes

Delivery Challan

There are 3 situation have been given under law where TAX INVOICE will be issued before or at the time of supplies of taxable goods by registered person.

Where Registered person involve in the supplies of taxable goods, Tax invoice will be issued before or at the time of removal of goods if removal of goods required. However In case no movement of goods required, Tax Invoices will be issued before or at the time of goods making available to recipient.

In cases where goods sent for approval basis, Tax Invoice will be issued when recipient approve the goods or 6 month from the date of goods sent whichever is earlier.

When registered person involve in continuous supply of goods, tax invoice shall be issued at the time of or before of each time successive statement of account issue or successive payment is received.

Tax invoice will be issued in triplicate.

1.       Original copy for Recipient

2.       Duplicate copy for transporter

3.       Triplicate copy for Supplier

Where Registered person involve in the supplies of Taxable services, Tax invoice will be issued within 30 days from the date of services provided. However in case of Banking companies, NBFC and financial institutions, taxable invoice will be issued within 45 days.

 In case where registered person involve in the contract of continuous supply of services, the date of tax invoice depend on terms in contract.

Tax invoice will be issued on the due date of payment where due date of payment can be ascertained from contract however where no due date of payment can be ascertained, in such case tax invoice will be issued with recipient received the payments.

Where the payment is linked with certain event in contract, tax invoice will be issued on or before the date of such events in contract.

Tax Invoice shall be issued at the time of supply ceases where supply ceases before the completion of the supply under contract.

Tax invoice will be issued in Duplicate.

1.       Original copy for Recipient

2.       Duplicate copy for Supplier

 

Slide - 3

In GST, Registered person required to pay tax liabilities under Reverse charge mechanism will issue tax invoices on the date of receipt of goods or services or both.

Where Registered person make  the payment under reverse charge mechanism, shall issue PAYMENT VOUCHER on the date of payment

Revised Invoice will issue new registered person for the supplies made between period effective date of registration and till the issuance of registration certificate. Such Revised invoice will be issued within 30 days from the date of issuance of registration certificate.

 

Bills of supply will be issued where person engage in the supply of exempted goods or exempted service. Registered person registered as composition dealer will issue Bills of supply in place of tax invoice.

 

Receipt voucher will be issued where registered person received payment in advance. Receipt voucher will be issued on the date of receipt of advance payment.

Refund Voucher will be issue on the date of refund where no tax is paid or no supply is made against Receipt voucher.

View Complete Details

Yes, I am interested!

  • Transition Under GST
  • Transition Under GST
Transition Under GST
Interested in this product?
Get Best Quote

Transition Under GST

Get Latest Price

Product Brochure Watch Video

Industry TypeServices

Purpose of GST TRAN - 1

 

GST TRAN – 1 is the form provided under GST in accordance with the transition provision. The purpose of this form is to collect information with respect to inputs tax credit of Cenvat and VAT available under existing law so that the same can be transferred to electronic credit ledger under GST and Registered person can utilized this credit for the payment of CGST and SGST.

Purpose of GST TRAN - 2

 

Where credit is carry forward with respect to goods where document evidence of payment of duty or VAT under existing law is not available, credit under GST for those goods shall be available only if those goods get sold with in the period of 6 month. GST TRAN – 2 collect information with respect to such goods and details of subsequent supplies of those goods in order to provide credit of taxes under GST.



Additional Information:

  • Item Code: 001
  • Delivery Time: Immediate

View Complete Details

Yes, I am interested!

  • Filling GSTR  - 1  GST Return
  • Filling GSTR  - 1  GST Return
  • Filling GSTR  - 1  GST Return
Filling GSTR  - 1  GST Return
Interested in this product?
Get Best Quote
Industry TypeServices

we will see important aspect relating to Returns under Goods and service tax such as:

What are the Returns to be filled under GST

Who is required to files returns

What are the due dates for filing returns under GST

What are the penalties for non-filing of returns under GST with in Due dates

 

Slide: 2 – Types of Returns

Let’s see what are the returns to be filled under Goods and Service tax. There are provisions for 6 types of return have been given under Goods and service tax.

Under Goods and service tax there are 3 return to be filled on monthly basis. These return are

Monthly Outward Details!

Monthly Inward Details! and.

Monthly Returns!

There are 1 annual returns to be fill by registered person under GST.

That is.

Yearly Returns.

There are 2 one time returns to be filled under GST.

First Return! and. Final Return!

First Return is to be file when taxable person is registered first time. And. Final return to be filled in case of cancellation of registration of taxable person.

Slide 3 – Every Registered Dealer

For person, who is registering first time under GST only need to file first return. For registered dealer who is migrating from earlier Law need not file First Return.

Monthly outward Detail to be file within 10 days in GSTR 1 for previous month.

Monthly Inward Detail to be file with in 11th to 15th day in GSTR 2 for previous month.

Monthly Return to be file with in 20 days from 15th to 20th day in GSTR 3 for Previous month.

 

There is penalties of Rs. 100 per day subject to maximum of Rs. 5000 for non-filing of monthly returns with in due dates.

 

Annual returns to be file on or before 31st December following the end of financial year. Penalties Rs. 100 per day will be imposed subject to maximum of .25% on aggregates turnover.

View Complete Details

Yes, I am interested!

  • GST Registration
  • GST Registration
  • GST Registration
GST Registration
Interested in this product?
Get Best Quote

GST Registration

Get Latest Price

Watch Video

Registration Under GST Subject to Turnover

Every supplier making taxable supplies of goods or services or both, will have to take registration if aggregate turnover in financial year exceeds INR 20 lakh.

Such supplier required to make application with in 30 days from the date he become liable to get registered.

A casual taxable or a non-resident taxable person required to make application at least 5 days prior to commencement to business.

Registration for supplier of special category state

In case, supplier makes taxable supplies of goods or services or both from any of the special category state, he shall be liable to registration if aggregate turnover in financial year exceeds INR 10 lakh.

Specified states:

  1. Arunachal Pradesh,
  2. Assam,
  3. Jammu and Kashmir,
  4. Manipur,
  5. Meghalaya,
  6. Mizoram,
  7. Nagaland,
  8. Sikkim,
  9. Tripura,
  10. Himachal Pradesh
  11. Uttarakhand
Aggregate Turnover under GST

Inclusion:

  1. all taxable supplies
  2. all exempt supplies
  3. exports of goods and/or service
  4. all inter-state supplies of a person having the same PAN
  5. all supplies made by the Taxable person, whether on his own account or made on behalf of all his principals
  6. The above shall be computed on all India basis

Exclusion:

  1. Taxes charged under the CGST Act, SGST Act, UTGST Act, and the IGST Act
  2. Value of supplies on which tax is levied on reverse charge basis, and value of inward supplies

 

Cases where limit of INR 20 lakh for registration does not apply i.e. Mandatory Registration under GST
  1. Any person making inter – state supplies
  2. Casual taxable persons making taxable supply
  3. Persons who are required to pay tax under reverse charge
  4. Non-resident taxable persons making taxable supply

5 Person who deduct TDS u/s 51 of CGST Act

  1. Person who make taxable supplies on behalf of other person
  2. Input service distributors
  3. Person supplying through Electronic Commerce Operator
  4. Electronic Commerce Operator
  5. Any person supplying Data access, retrieval service from place outside India to a person in India

View Complete Details

Yes, I am interested!

  • Filling GSTR - 3B Return
  • Filling GSTR - 3B Return
Filling GSTR - 3B Return
Interested in this product?
Get Best Quote

Filling GSTR - 3B Return

Get Latest Price

Product Brochure Watch Video

Industry TypeProduct, Both, Services

Checklist for GSTR-3B Return

A registered person under GST has to file GSTR-3B return on or before 20th August 2017 for the month of July 2017 and on or before 20th September 2017 for the month of August 2017. GSTR-3B shall be treated as return for submitting the provisional assessment of tax liability.

After filing the GSTR-3B, a detailed return under GSTR-1, 2 and 3 shall be filed in September 2017 for the month of July and August 2017.

 

 

1. Details of Outward supplies and inward supplies liable to reverse charge

Under this part of return we require, details of sale/ services provided during the month for which return to be filed. Details required are as under-

a) Taxable value of goods/ services (Other than Zero rated, Nil and exempted)

b) Value of zero rated goods/ services

c) Value of Nil rated and exempted goods/ services

d) Value of inward goods/ services liable to reverse charge

e) Value of Non-GST outward goods/ services

Note:- Value of Taxable Supplies = Value of invoices + value of Debit Notes – value of credit notes + value of advances received for which invoices have not been issued in the same month –value of advances adjusted against invoices.

 

2. Details of inter-state supplies to URD, Composition dealer and UIN holders (which includes in point 1(a) mentioned above)

Under this part of we require details of inter-state sale/ services provided during the month of return to following-

a. Un-registered persons

b. Composition taxable persons

c. UIN holders (like embassy, etc.)

 

Eligible Input Tax Credit (ITC)

3.1 Under this part of return we require, details of Input Tax Credit under following categories-

a) Import of goods

b) Import of services

c) Input tax credit on supplies liable to reverse charge (other than mentioned in a & b)

d) ITC from ISD if any (ISD means Input Service Distributor)

e) All other ITC

 

3.2 Under this part of return we require, details of Input Tax Credit (ITC) reversed under following categories-

a) ITC reversed as per rules 42 & 43 of CGST Rules (Matching, reversal and reclaim of input tax credit/ Output tax liability)

b) Others

With respect to above details of IGST amount, CGST amount, SGST, amount, UTGST amount, Cess amount has to be provided.

 

 



Additional Information:

  • Delivery Time: WITH IN WEEK

View Complete Details

Yes, I am interested!

  • Export Procedure under GST
  • Export Procedure under GST
  • Export Procedure under GST
Export Procedure under GST
Interested in this product?
Get Best Quote
Product DetailsExport Procedure services
Import / Export LocationWhole India

Export Procedure under GST

Method of Export under GST

There are two method of export has been defined under GST.

A. Export on payment of IGST

 

B. Export on Non Payment of IGST

 

Export under Non – Payment of IGST can be done as follows

 

i. Export against Letter of Undertaking (LUT)

ii. Export against Bond with Bank Gurantee

 

Purpose of Bond or LUT:

 

The purpose of Bond or L U T is to bind Exporters to pay tax along with interest under GST.

 

In the case of Export of Goods, Exporters bind himself to pay tax along with interest with in days 15 after the expiry of 3 months from the date of issue of the invoice for export, if the goods are not exported out of India.

 

In the case of Export of Services, Exporters bind himself to pay tax along with interest with in 15 days after the expiry of 1 year, or any extended period, from the date of issue of the invoice for export, if the payment of such services is not received by the exporter in convertible foreign exchange.

 

Who can issue:

 

D.1. Following person can export against L U T

 

1. Status Holder in Paragraph 5 of the Foreign Trade Policy 2015-2020.

2. Registered Person received foreign inwards Remittances - Amounting minimum of 10% of Export Turnover which should not be less than 1 cr in preceding financial Year.

 

3. Registered person not prosecuted for any offence under CGST act / any existing law where tax evaded not exceed 2.5 cr

 

D.2. Any registered person who cannot export against L U T, can export against BOND.

 

Steps for Export:

 

Step – 1 - Preparation of Bond / L U T.

Preparation of Bond or L U T by exporter in the prescribed format.

 

Step – 2 - Prepare GST RFD – 11

Filling of GST R F D - 11 along with all relevant details before initiating Export transaction.

 

Step – 3 - Furnishing GST R F D - 11

Furnishing RFD - 11 along with bond or L U T to J C/ A C/ D C.

 

Step – 4- Doing Export Transaction

Doing Export Transaction and Creating Export Invoices with endorsement

Step – 5 – Furnishing Monthly Return

Furnishing monthly Return with in due dates and claim refund of available ITC.

 

 

View Complete Details

Yes, I am interested!

  • GSTR - 1 Return Solution
  • GSTR - 1 Return Solution
GSTR - 1 Return Solution
Interested in this product?
Get Best Quote

GSTR - 1 Return Solution

Get Latest Price

Watch Video

Industry TypeServices

Slide - 1

Welcome Friends!

In this video, we will understand Following:

1.       What is GSTR - 1

2.       Importance of information to be provided under GSTR - 1

3.       Various table provided under GSTR - 1

4.       What are the information to be provided under each table of GSTR - 1

 

Slide - 2

What is GSTR – 1?

GSTR – 1 is the return form which needs to fill 10th of every month for the previous month by Registered person. Detail of Outward supplies will be provided under GSTR – 1.

There are total 13 table provided under GSTR – 1 in order to capture different information with respect to outward supplies.

There are total 13 table has been provided under GSTR – 1. Let’s understand each and every table separately.

 

Slide – 3

 

Table – 1, 2 and 3

Table – 1, 2 and 3 capture basic detail of Registered person filing return.

Table Reference

Coloum

Description

1

GSTIN

GSTIN number of Registered person to be provided in this coloum

2(a)

Legal name of the registered person

Legal name of the registered person to be provided in this coloum

2(b)

Trade name, if any

Trade name, if any of Registered person to be provided this coloum

3(a)

Aggregate Turnover in the preceding Financial Year

Aggregate Turnover in the preceding Financial Year to be provided in this coloum. This information would be required to be submitted by the taxpayers only in the first year. Aggregate turnover shall be auto-populated in subsequent years. 

3(b)

Aggregate Turnover - April to June, 2017 

Aggregate Turnover - April to June, 2017 to be provided in this coloum. This information would be required to be submitted by the taxpayers only in the first year.

 

View Complete Details

Yes, I am interested!
4.0/5★★★★★★★★★★

Reviewed by 3 Users

5 star2

4 star0

3 star0

2 star1

1 star0

User Satisfaction

Response100%

Most Relevant Reviews

V

Vaikunth Narayan | Rahul Enterprises| Delhi, Delhi

★★★★★ ★★★★★

28-September-19

Response

B

Babu | Supreme Marketing Services Pvt Ltd| Chennai, Tamil Nadu

★★★★★ ★★★★★

07-June-19

Response

Tell us what you need, and we’ll help you get quotes
Tell us what you
need
Receive seller
details
Seal the deal
Pay with IndiaMART
Tell us what you need, and we’ll help you get quotes
I agree to the terms and privacy policy