New Return under 'GST RET 1" - All you want to know about this return

GST RET 1 is a normal return under GST. This return shall be filed on a monthly basis. However, the taxpayer can choose the quarterly/monthly filing option at the beginning of the financial year according to their turnover. The GST RET 1 format got approval in 28th GST council meeting.

Further, the taxpayer will have to upload the outward supplies and inward supplies details in GST RET 1 return. Thus, after implementing this return, taxpayers will not have to file GSTR 1 return additionally.

You can download GST RET 1 format in Excel as soon as it is available on this page. On the other hand, you will able to download GST RET 1 in pdf also. Similarly, you will find below the online filing instructions of GST RETURN.

Who shall file GST RET 1 Return

All Taxpayers registered under GST shall file GST RET 1 return. The taxpayers having turnover below 5 crores will have an option to file Return Quarterly.
However, the payment of taxes shall be made on a monthly basis. On the other hand, taxpayers having more than 5 crore turnover in a previous financial year shall file GST RET 1 on a monthly basis only.
Further, the turnover of newly registered taxpayers, are considered as zero. Thus, they have the option to file monthly, Sahaj (GST RET 2), Sugam or Quarterly (Normal) return. Sugam return is also known as GST RET 3 return. Continue reading GST New return..

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Difference between LR, CN, and E way bill under GSTl?

Here is the difference between LR, CN, and E way bill. LR is an lorry receipt, which you get once you upload your goods in the lorry/truck. This is an receipt acknowledgement from the transporter. CN is a Consignment note which is similar to the lorry receipt. Consignment note is a note which any transporter/courier company generates to take your material to the recipient. E way bill is an electronic document shall be carried by transporter of goods in addition with consignment note/LR. E way bill is a requirement of government to safeguard the revenue and to avoid tax evasion. With the help of e way bill the government ensures that no material is carried without making proper invoice and evading taxes. Learn more updates on E way bill at GST Latest News and updates as on today !

Top Issues and Solutions while Filing GSTR 9 online

As a GST Registered person, How to file GSTR 9 online will be your frequent question. Here is the complete step by step guide to filing your GSTR 9 annual return under GST . This guide will teach you how to fill gstr 9 annual return online. Read more about gstr 9 meaning under Goods and service tax in India. Issues and Solutions while Filing GSTR 9 Here are some of the issued resolved faced by many taxpayers while filling GSTR 9 return. These steps will clarify how to fill gstr 9 form in offline and online mode. This clarification is prepared by taking the help of many videos and online articles provided by GSTN. Issue no. 1 The figures of Input Tax Credit (ITC), as pre-populated in table 8A of Form GSTR 9, do not match with the figures as appearing in their Form GSTR 2A. This may happen due to below reasons: Solution A Figures in GSTR-2A are auto–populated based on GSTR 1 filed/ saved / submitted by the supplier taxpayer. However, the figur...

SOLVED : Failed to Establish Connection to the Server on GST portal

If you come across with error “Failed to Establish Connection to the Server. Kindly Restart the Emsigner” while signing your GST return or application with DSC, then you may try the following. This is emsigner error you get if you are filing your GSTR return with DSC (Digital Signature Certificate). However, if you are a regular GST return filer and if you see the error again in next month, then you may directly go to point no. 5 to check if emsigner is running. This may resolve your issue without following other steps. The above error occurs because earlier the emsigner was using the port “1645” (https://127.0 0.1:1645). But now the new version of emsigner is using the port “1585” (https://127.0 0.1:1585), thus raising the said problem. Continue reading https://127.0.0.1:1585 error on GST portal.

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