Returns under GST | Inter Final | MOST DETAILED | CA Amit Mahajan

Explained the concept of GST returns involving three parties - manufacturer, retailer, and customer, highlighting the GST implications on transactions.

Discussed how manufacturers and retailers handle GST payments, file returns, and calculate tax liabilities, emphasizing the importance of compliance.

Explained the process of filing GST returns, including invoicing details, consolidated entries, and compliance requirements for registered persons.

Explored tax liabilities, transactions under composition scheme, and GST rates for different categories of taxpayers like non-residents and casual taxable persons.

Discussed invoicing requirements for interstate transactions, significant amount thresholds, and compliance with invoice-wise details for significant amounts.

Discussion on supply by unregistered individuals from West Bengal, invoicing rates, and GST entries.

Explanation of interstate transactions, invoice values, and entry details related to GST.

Insight into electronic transactions, identification methods, and classification schemes under GST.

Guidance on filing GST returns, eligibility criteria, and quarterly vs. monthly payment considerations.

Explanation of composition scheme, tax liabilities, and payment schedules for GST.

Discussion on implementing GST schemes, financial year ends, and quarterly filing requirements.

Discussion on payment due dates and completion of quarters, including details about specific dates.

Explaining the change in the due date of payment for the first quarter and its implications.

Mandatory registration and application process, including the timeframe and details required for registration.

Clarification on filing deadlines, return details, and the GST charge for different quarters.

Discussion on the GST compliance requirements, return filing procedures, and the importance of meeting deadlines.

Information on the issuance of registration certificates and the timeline for receiving them.

Explanation of the effective date of the registration certificate and its implications on GST compliance.

Details on filing annual returns, GST compliance, and the requirements for different taxpayers.

Explanation of the importance of GST returns and registration process.

Details on surrendering and canceling GST registration and the required filing.

Discussion on revision, amendments, and mandatory filings for GST.

Requirements for filing monthly returns and amendments under GST.

Information on quarterly, payment returns, and filing GST returns.

Requirements and due dates for filing monthly and quarterly GST returns.