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Gst procedure

Jakeer (Accountant) (40 Points)

13 October 2017

Hi,

Please any one explain me, what is the exact procedure of GST in a month, whether it may input or output how to finalize the month.

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5 Replies

Sabareesh Nair (Accounts Manager) (36 Points)
Replied 13 October 2017

where are you from?

Sabareesh Nair (Accounts Manager) (36 Points)
Replied 13 October 2017

where are you from?

shiraz ahmed (Student) (225 Points)
Replied 13 October 2017

1. File GSTRB if due
2. File your sales in GSTR1 by due date
3. Verify your purchases on the portal in GSTR2, make necessary editing and file GSTR2.
Main return is the GSTR1 (Supply Outwards) (Sales) which all dealers are required to file.
Then, for your purchases, GSTR2 is there, but remember, your purchases are Sales for some other person. So your purchases information is extracted from the GSTR1 of your goods supplier. You only need to verify if the GSTR2 is correct and make necessary corrections, if required.
Your Input Credit (Tax paid on purchases) will be utilized to Set-off (Adjust) the Tax you collected on your sales.
I hope you have filed your returns on time. If your query is still unanswered then please ask specific question to enable me to help regarding the specific issue.

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shiraz ahmed (Student) (225 Points)
Replied 14 October 2017

typing error..... Read GSTR3B in the first line

Jakeer (Accountant) (40 Points)
Replied 14 October 2017

Dear Shiraj Your explanation is very good and i understand, i want to explain you where i have problem, i filled my gstr3b with my inputs as 50,000. I don't have any output so i filled as zero in my GSTR1.coming to GSTR2A i received some inputs which was not recorded in my monthly filing.so i need how to close this issue.