GST

GST - Goods & Services Tax Software

What is GST, scope & post GST Scenario?

GST is the biggest tax reform in the history of Independent India in the era of Indirect Taxation. Earlier as per the structure of the constititution both central government and state government had a rights to levy the various duties and taxes on the various activities such as sale of goods, sale of services and other activities Eg. Tax on Sale of goods use to fall under State Revenue but tax on Sale of Services was the right of Center . With the help of introduction of GST such bifurcation will be the history. Above mentioned structured resulted into different state VAT acts such as Maharashtra VAT, Gujrat VAT along with variations into local taxes and other duties by the state government. In the post GST scenario situation will be entirely different and all such variety of taxes will subsumed into one Tax called GST.

In India we have opted for dual GST model where intra state transactions are subject to CGST and SGST, Interstate transactions were subject to IGST and additional taxes. This will result into reduction of different state wise compliances for payment of taxes & return filling, multiple taxes & duties, double taxation and non allowance of input tax credit at multiple stages.

GST Software _ Taxbase GSTPro

We have launched GST software under the name of TaxbaseGST Pro. Our qualified team of Chartered Accountants & developers keeping a close eye on the updates coming from various government sources and GSTN in respect of technical and domain aspects of GST. As we have experience of over 30 years in the domain of taxation with huge clientele of 15,000 customers we will come up with TaxbaseGST Pro. We would like to mention some of the key features as below,

  • b1 New Form GSTR-3B (Beta) is incorporated for data entry, e-filing along with e-payment of challan.
  • b1Prefill option made available from GST Portal.
  • b1Outward / Inward Reconciliation is incorporated.
  • b1Auto Pick up data from Sales Register to GSTR-1.
  • b1Facility to Import/Export Govt. Excel Template to Taxbase GSTPro (GSTR-1.
  • b1 We have provided data entry for GSTR 1, GSTR 2 & GSTR 3 along with .csv import and export.
  • b1We have incorporated reports for GSTR 1, GSTR 2 & GSTR 3 as per latest return formats.
  • b1We have incorporate the sales register along with item level details where user can print the invoice as well
  • b1Tax Rate Classification:
    • 0% - Essential items including food
    • 5% - Common use items
    • 12% - Standard Rates
    • 18% - Standard Rates
    • 28% - Luxury and de-merits goods
    • 0.25% - Rough Stone/Precious stone
    • 3% - Gold

Important Dates

Particulars

Due Date

GSTR 1 for July 2017

10th October

GSTR 3B for Sept 2017

20th October

GSTR 2 for July 2017

31st October

GSTR 3 for July 2017

10th November

GSTR 4 for July 2017 to Sept 2017

15th November

GSTR 3B For Oct 2017

20th November

GSTR 1, 2 & GSTR 3 for August 2017

To be Declared

*Last Updated on 17/10/2017
**We will update further dates as same is available to us.

Input Tax Credit

In our dual GST model credits will be available in the following manner,

  • b1cgst
  • b1sgst
  • b1igst

Proposed GST Returns

S/N

Return

Purpose

To be filed by

1

GSTR 1

Details of outward supplies of taxable goods and/or services effected

10th of the next month

2

GSTR 2

Details of inward supplies of taxable goods and/or services effected claiming input tax credit.

15th of the next month

3

GSTR 3

Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.

20th of the next month

4

GSTR 4

Quarterly return for compounding taxable person.

18th of the month succeeding quarter

5

GSTR 5

Return for Non-Resident foreign taxable person.

20th of the next month

6

GSTR 6

Return for Input Service Distributor

15thof the next month

7

GSTR 7

Return for authorities deducting tax at source

10thof the next month

8

GSTR 8

Details of supplies effected through e-commerce operator and the amount of tax collected

10thof the next month

9

GSTR 9

Annual Return

31st December of next financial year

10

GSTR 10

Final Return

Within three months of the date of cancellation or date of cancellation order, whichever is later.

11

GSTR 11

Details of inward supplies to be furnished by a person having UIN

28th of the month following the month for which statement is filed