ERPNext Installation, Implementation and Support

Types of GST Returns       1. GSTR-1 GSTR-1  is the return to be furnished for reporting details of all outward supplies of goods and services made, or in other words, sales transactions made during a tax period, and also for reporting debit and credit notes issued. Any amendments to sales invoices made, even pertaining to previous tax periods, should be reported in the GSTR-1 return. GSTR-1 is to be filed by all normal taxpayers who are registered under GST. It is to be filed monthly, except in the case of small taxpayers with turnover up to Rs.1.5 crore in the previous financial year, who can file the same on a quarterly basis. 2. GSTR-2A GSTR-2A  is the return containing details of all inward supplies of goods and services i.e. purchases made from registered suppliers during a tax period. The data is auto-populated based on data filed by the suppliers in their GSTR-1 return. GSTR-2A is a read-only return and no action can be taken. 3. GSTR-2 GSTR-2  is the return for

What is GSTR 2? The GSTR-2 is a monthly tax return showing the purchases you’ve made for that month. When you make purchases from registered vendors, the information from their sales returns (GSTR 1) will be available in the GSTN portal as GSTR -2A for you to use in your GSTR-2. Before you file your return, you can check this information, make changes if necessary, and add any details that were not auto-populated. If you change the information on your GSTR-2A and file it as GSTR-2, the vendor will be notified and given a chance to amend their return using a GSTR -1A Form.    Download GSTR2 Excel with Demo Data  https://drive.google.com/file/d/1j_r9zd6rx8RUc8vSe0O-6M3eXtt39C13/view?usp=sharing

Introduction While migrating to a GST Registration  or  while going for a new registration, most businesses would have received the 15 digit provisional ID or GSTIN (Goods and Services Tax Identification Number). Knowing the structure of the GSTIN is crucial for a business - to ensure that one’s suppliers have quoted the correct GSTIN in their invoices, and also to ensure that one mentions their own GSTIN correctly in invoices to customers – as input tax credit is dependent on this due diligence. The 15 digit ID comprises of – 2 digits signifying the state code; 10 digit PAN number; 1 digit signifying number of registrations; and 2 digits having default and checksum values. GST State Code List of India Thus, it is important for businesses to know about the GST state code list, which form the first 2 digits of the GSTIN. This state code list under GST, is prescribed as per the Indian Censes of 2011, and is as follows: State code list under GST State

Introduction on GSTR 1 One of the most common questions that everyone is asking these days is — “In which format should GST returns be uploaded”. Well, to make the tax filing procedure easier and hassle-free, GSTN has unveiled an excel template which will help taxpayers to carry out unproblematic offline data entry prior to uploading on the official GST portal. GSTR 1 Excel Format template accompanied by an offline tool is intended to make the uploading of large numbers of tax return details and invoices quicker and easier. GSTR 1 Excel Sheet GSTR 1 is a monthly return that is mandatory to be filed by every GST registered merchant and dealer. It includes complete details of the outer supplies of a business including sales. GSTR 1 Excel Format or template is intended to help the taxpayers in arranging and filing GSTR 1 monthly tax returns with maximum simplicity and minimal expenses. The GSTR 1 excel template is an initiative of GST Council’s to make the tax observance easier and

Accounting Module for GST and GST Report