GST return filing: GSTR-5, 6, 7 & 8

The last four¬†forms in the series of the Returns filing process are as follows: GSTR 5:¬†RETURN FOR NON RESIDENT TAXPAYERS (FOREIGNERS) GSTR 6: RETURN FOR INPUT SERVICE DISTRIBUTOR (ISD) GSTR 7: RETURN FOR THE TAX DEDUCTED AT SOURCE GSTR 8: ANNUAL RETURN GSTR-5 has been designed to take care of the non-resident foreign taxpayers. The[…]

GST return filing: GSTR-3

People filing the tax returns are normally used to quarterly returns. The GSTR-3 aims to modify the habit to monthly returns. The monthly return format gets auto-populated from the sale register (GSTR-1) and purchase registers (GSTR-2) and indicates the gross sales and purchase information. The monthly return does not carry the invoice details. The purpose[…]