Table of Content:
- How to edit a GST Certificate?
- How to download GST Certificate?
Any business whose annual sales exceed Rs.20 lakhs or Rs.40 lakh (for a supplier of goods) is required to register under the Goods and Services Tax.
All taxpayers who are registered under GST receive a Goods and Services Tax (GST) certificate. It’s a crucial document that you’ll need to download and print on various occasions. This includes issuing to your customers or suppliers after a new registration, after an amendment to the registration, and after new registration. You might be required to present your GST number or GSTIN at several instances, which is written on your GST certificate. The sole way for taxpayers to get a GST certificate is to go to the GST’s official website or portal.
The Goods and Service Tax Network (GSTN) is the authority that issues GST certificates, and it does so electronically. In addition, this certificate is given and authorized in accordance with the terms of the Goods and Service tax Revised Act 2017.
The certificate includes information like legal name of business, trade name, type of registration principal place of business, and additional place or places of business, etc.
# How to edit a GST Certificate?
1. Go To the Official Portal Of GST
2. Click On Login
3. Enter your details
4. Click on ‘services’.
5. Go to registration
6. Click on amendment of registration
7. Edit the necessary details.
8. Go to the verification box.
9. Go to the authorized signatory.
10. Enter a place.
11. Sign the registration certificate.
12. A confirmation message will be sent to your email address and cell phone number.
Within 15 days of receiving the GST registration certificate, the taxpayer can make changes to the information they have provided. They must supply valid documents to change the details in the GST certificate. If a taxpayer fails to submit the right papers or the form within a certain time period, the amendment form will be automatically rejected. If authorities authorize the taxpayer’s request for modifications, they will receive a confirmation email to the address provided and a message on the number provided. Within a few days, the taxpayer will receive a new GST certificate with updated information.
# How to download GST Certificate?
Without logging in, you will not be able to download your GST certificate. This is due to the fact that the portal does not allow you to first, download the GST certificate without login into the GST portal. As a result, anyone cannot just go to the GST portal, enter any taxpayer’s GST number, and get the certificate.
It is fairly simple to obtain a copy of the GST certificate. Follow the steps mentioned below.
- Go to www.gst.gov.in to access the GST portal.
- Fill in your login information.
- Click on the Services, then click on User Services and select the View/Download Certificates option.
- The screen will display all of the certificates issued by the GST tax authority in descending order.
- Click on the link under the Download option. A new window will appear, allowing you to choose between open or save
- To save the file, click the Save option. Click on Save option to save the file. Now you have the GST certificate download in PDF format.
On the GST portal in India, GST registration is completely free. However, if you hire a professional to complete the task, you will have to pay them.
# How to generate GSTR-1 using Vyapar?
Registered under regular GST?
If your answer is YES, you must file your GSTR-1 returns by 10th of every month.
Preparing GSTR-1 yourself manually may be difficult. But, business accounting software like Vyapar lets you do it with ease in just seconds.
Here are 5 EASY steps to generate GSTR-1 using Vyapar:
Step 1: Open your Vyapar App, swipe in the Left Menu, click on Reports, scroll down to reach GSTR Reports & tap on GSTR-1.
Step 2: If you want to generate GSTR-1 for the first quarter of this year, choose “Jan 2019” for FROM and “April 2019” for TO field.
Step 3: Now, select the firm’s name.
Step 4: Your GSTR-1 report is READY. You can view all your Sale and Sale Returns for the given duration.
Step 5: Download, share or view this report in PDF or Excel format.
Step 6: Upload this GSTR-1 report to the GST portal (https://www.gst.gov.in/) to complete the return filing process.
Advantages of generating your GSTR-1 report using Vyapar:
- You will save a lot of time and effort.
- You need No accounting knowledge.
- Your GSTR-1 return does not get easily rejected on GST portal.
- You can share your GSTR-1 return easily with your accountant for verification.
# How to generate GSTR-3B using Vyapar?
Registered under regular GST?
If your answer is YES, you must file your GSTR-3B returns by 20th of every month.
Preparing GSTR-3B yourself manually may be difficult. But, business accounting software like Vyapar lets you do it with ease in just seconds!
Here are 4 EASY steps to generate GSTR-3B using Vyapar:
Step 1: Open your Vyapar App, swipe in the Left Menu, click on Reports, scroll down to reach GSTR Reports & tap on GSTR-3B.
Step 2: Choose Month & the Year for which you want to generate the report.
Step 3: Select the firm’s name.
Step 4: Your GSTR-3B report is READY. You can view this in both PDF & Excel format. Share, open & download this report in any format.
Step 5: Upload this GSTR-3B report to the GST portal (https://www.gst.gov.in/) to complete the return filing process.
Advantages of generating your GSTR-3B report using Vyapar:
- You will save a lot of time and effort.
- You need No accounting knowledge.
- Your GSTR-3B return does not get easily rejected on GST portal.
- You can share your GSTR-3B return easily with your accountant for verification.
# Good News for Taxpayers Under Composition Scheme – GSTR4 Details
What is GSTR-4 Annual Return
With effect from 1st April 2019, all Composition Taxpayers are required to file Form GSTR-4 Annual Return, on annual basis, for each financial year by 30th of April, following a financial year.
Who is required to file GSTR-4 Annual Return
GSTR-4 is the return that was to be filed by taxpayers who have opted for the Composition Scheme under GST on an annual basis.
The facility to file GSTR-4 (Annual Return) is now available on the GST portal.
Who can file NIL Form GSTR-4 Annual Return
Nil Form GSTR-4 Annual Return can be filed for the financial year, if you have, for all applicable quarters of the year-
- NOT made any outward supply
- NOT received any goods/services
- Have NO other liability to report
- Have filed all Form CMP-08 as Nil
Who can opt for Composition Scheme
A your turnover is below Rs 1.5 crore* you can opt for Composition Scheme and pay taxes at a fixed rate on the turnover declared.
In the case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh.
Some important Points:
- As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment will be applicable from the 1st of Feb, 2019. Further, GST Council proposed an increase to this limit for service providers in its 32nd meeting on 10th Jan 2019*.
- Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover.
- If you are under composition scheme you are required to pay tax in a quarterly statement CMP- 08 by 18th of the month after the end of the quarter. You will use the Form CMP-08, which is a special statement-cum-challan to declare the details or summary of self-assessed tax payable for a given quarter. It also acts as a challan for making payment of tax.
- Also, a return in form GSTR-4 has to be filed annually by 30th April of next financial year from FY 2019-20 onwards.
- Also, note that a taxpayer registered under the composition scheme is not required to maintain detailed records.
How can a taxpayer opt for Composition Scheme?
You have to file GST CMP-02 with the government to opting for composition scheme. This can be done online by simply logging into the GST portal by following these steps. This intimation should be given to you at the beginning of each & every Financial Year to opt for the Composition Scheme.
What are the advantages of the Composition Scheme?
The following are the advantages of registering under the composition scheme:
- Lesser compliance (returns, maintaining books of record, issuance of invoices)
- Limited tax liability
- High liquidity as taxes are at a lower rate
How to Revise GSTR-4?
There is no provision for revising GSTR-4 after filing on the GSTN Portal. Make sure that you thoroughly review your GSTR-4 before filing.
Late Fees and Penalty
As per GST laws, the Late Fee is an amount charged for delay in filing GST returns. It can be referred to as an overdue fine.
1.) A penalty of Rs. 200 per day is levied if the GSTR-4 is not filed within the due date.
2.) The maximum late fee that can be charged cannot exceed Rs. 5,000.
How it is different from Form GSTR-4 Quarterly Return
Please note that this Form GSTR-4 Annual Return is different from the Form GSTR-4 Quarterly Return, which was required to be filed on a quarterly basis.
- Form GSTR-4 Quarterly Return is applicable up to the tax period ending for composition taxpayers.
- For tax periods till the quarter ending, Composition Taxpayers are required to file Form GSTR-4 Quarterly Return (which is also available on the GST portal), on a quarterly basis.
Where to FInd GSTR – 4 in Vyapar
Go to Reports > GST Reports > GSTR-4 Report
Have Vyapar App?
How to use it?
On the “GSTR – 4 Report” screen, select the Dates or Time Duration you would like to see the details on
✔ Shows the Summary of all inward supplies
✔ You can export these details as PDF or XLS format and share it with people who matter.
How to File Form GSTR-4 Annual return
Steps to file GSTR – 4 Online
Step 1- Logon to your dashboard on GST portal
Step 2- Click on Services > Returns > Annual Return > Select FY > Search > GSTR 4 > FILE THE RETURN.
After successfully filing, ARN will be generated and intimated through email and SMS
Currently, only the online filing has been enabled on the portal. Shortly, an offline tool to file Form GSTR-4 Annual Return will also be made available.
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