Due date to file GSTR-3B,5,5A return is 20th February, 2019.                                                             

HostBooks GST Software

HostBooks GST software provides you with a seamless GST return filing and billing experience. We aim at reducing the compliance time by at least 50% which will consequently cut down the cost by half. Being cloud-based and an NSDL approved GST Application Service Provider (ASP), HostBooks GST will always be by your side and help you achieve all your GST endeavors.

Simplified Invoicing with HostBooks GST Billing Software

Generate invoices as per the statutory guidelines with HostBooks GST billing. We help you focus on your core business activities by taking care of GST tax calculation, preparation of comprehensive business reports and inventory control. Also, HostBooks GST billing software enables you to print or email invoices as per your requirements.

Effortless Filing with HostBooks GST Return Filing Software

HostBooks GST facilitates ease of doing business with the effortless online filing of GST returns. Furthermore, we strive to simplify the process with easy reconciliation of invoice mismatches, automatic data validation, inbuilt HSN/SAC codes & tax liability updates. We believe in adding value to the business by enhancing the credibility of the client by leaps and bounds.

Some Added Benefits

  • Builds up your clientele with hassle-free GST cloud solution
  • An easy to use GST accounting software with a rich user-interface
  • An option to add multiple users in accordance with the business needs
  • A pool of accountants always at your service with online remote support.
  • Keeps you posted on all the latest happenings taking place in the GST regime

Why choose HostBooks GST?

FAQs related to GST

1What are the various types of Returns under Goods and Services Tax?
1. GSTR-1GSTR-1 is a monthly return of sales or outward supplies.
Who is supposed to file GSTR-1?
Every business that is registered under Goods and Services Tax must file GSTR-1. By filing this return, every tax payer makes a declaration of all the sales transactions made by him in the given period.

2. GSTR-1A
It is an amendment form used to correct the GSTR-1 for any mismatches between the GSTR-1 of a taxpayer and the GSTR-2 of his customers. This can be filed between 15th and 17th of the following month. 

3. GSTR-2
GSTR-2 is a monthly return of purchases or inward supplies.
Who is supposed to file GSTR-2?Every registered person must file GSTR-2 except for the following:
  • Input Service Distributor
  • Non-residential taxable person
  • Person required to deduct the TDS or e-commerce operator system

4. GSTR-2AGSTR-2A includes mismatches in GSTR-1 and GSTR-2. It is not used for filing purpose as it involves reconciliation of mismatches.
The reasons for a mismatch can be:
  • Wrong GSTIN of the user or the counter-party
  • Wrong invoice date or invoice no.
  • Wrong tax value

5. GSTR-3GSTR-3 is a monthly GST return that is divided into the following parts:
  1. Part-A
It contains the information that is furnished through returns in forms GSTR-1 and GSTR-2, based on other liabilities of previous tax periods. Part-A is generated electronically.
  1. Part-B
It contains the tax liability, interest, penalty, and refund claimed from cash ledger. Also, it is auto-populated. The tax liability is calculated based on GSTR-1 and after making adjustments for Input Tax Credit claimed in GSTR-2.Who is supposed to file GSTR-3?
Every registered person must file GSTR-3 except for the following:
  • Input Service Distributor
  • Non-residential taxable person
  • Person required to deduct the TDS or e-commerce operator system

6. GSTR-9
An annual consolidated tax return that includes a summary of taxpayer’s income & expenditure in detail.

7. GSTR-4It is a quarterly return for those who have registered themselves under the GST Composition Scheme. The entities which have a turnover less than 75,000 INR are eligible for this scheme. Under the composition scheme, the tax payer is required to file one return every quarter instead of three returns every month.

8. GSTR-4A
Quarterly purchase-related tax return for composition dealers. It’s automatically generated by the GSTN portal based on the information furnished in the GSTR-1, GSTR-5, and GSTR-7 of your suppliers.

9. GSTR-9A
GSTR-9A is a consolidated annual return for compounding business entities. It includes all the quarterly returns filed in that financial year.

10. GSTR-5
A variable return for Non-Resident foreign taxpayers. It contains the details of the taxpayer, period of return and invoice details of all goods and services sold and purchased by the tax payer in India for the registered period.

11. GSTR-6
It is a monthly return for Input Service Distributors (ISD). This return contains the details of the taxpayer, period of the return, supply details from the GSTR-1 of counter-parties, invoice details, separate ISD ledger containing the opening ITC balance for the period, credit for ITC services received, debit for ITC reversed or distributed, and closing balance.

12. GSTR-7
GSTR-7 is a monthly return for TDS transactions. It contains the basic information of the taxpayer, period of the return, supplier’s GSTIN, invoices against which the tax has been deducted (SGST, CGST, and IGST), and details of any other payment such as interests and penalties.

13.  GSTR-8
A monthly return for e-commerce operators. It contains the basic information of the taxpayer, the period of the return, details of supplies made to customers through the e-commerce portal by both registered taxable persons and unregistered persons, customers’ basic information, the amount of TCS, tax payable, and tax paid.

 14. GSTR-10
The final GST return for the cancellation of GST registration. This return is to be filed in case of termination of business activities permanently/cancellation of GST registration. It contains the details of all supplies, liabilities, tax collected, tax payable, etc.

15. GSTR-11
Variable tax return for taxpayers with UIN. GSTR-11 contains the details of purchases made by foreign embassies and diplomatic missions for self-consumption during a particular month.

16. GSTR-3AThis is the tax notice issued by the tax authority to a defaulter who fails to file monthly GST returns on time.
2What are the due dates for filing GST returns?
Type of ReturnDetailsTime PeriodDue Date
GSTR-1Details of outward supplies of taxable goods and/or servicesMonthly10th of the next month
GSTR-2Details of inward supplies of taxable goods and/or services claiming input tax credit.Monthly15th of the next month
GSTR-3Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of the amount of tax.Monthly20th of the next month
GSTR-4Return for compounding taxable person onlyQuarterly18th of the month succeeding quarter
GSTR-5Return for Non-Resident foreign taxable personMonthly20th of the next month
GSTR-6Return for Input Service Distributor (ISD)Monthly13th of the next month
GSTR-7Return for authorities deducting tax at source.Monthly10th of the next month
GSTR-8Details of supplies effected through e-commerce operator and the amount of tax collectedMonthly10th of the next month
GSTR-9Annual ReturnAnnually31st December of next financial year
GSTR-9AAnnual ReturnMonthly31st December of next financial year
GSTR-10Final Return for cancellation of GST registrationAt the time of cancellation or surrenderWithin three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11Details of inward supplies to be furnished by a person having UIN and claiming refundMonthly28th of the month following the month for which statement is filed
3Penalty for non-filing or late filing of GST Returns
  • A penalty of 100 INR per day is applicable for latefiling of GST return. The penalty would be payable for the period in which the taxpayer failed to furnish the return. The maximum penalty is 5000 INR.
  • In case, a taxpayer fails to file GST return for any month, then theGST return for the next month cannot be filed by him.
  • Further, if a taxpayer fails to file GSTR-2 return on the 15th, then the taxpayer would not be able to file GSTR-3 return on the 20th.
  • The latefiling of GST return results in a cascading effect that leads to heavy fines and penalty.
4What is composition scheme?

The GST Composition scheme is an easy and convenient tax scheme for small and medium enterprises. Under this scheme, firms can pay a fixed percentage of their turnover as tax. They need to file reduced number of returns compared to normal tax payers under GST. The floor rate of tax for CGST and SGST shall not be less than 1%. The turnover of an enterprise should be below 75 INR lakhs and in case of north-eastern states it should be 50 lakhs INR.

Who can avail composition scheme?

A dealer who:

  • Deals only in the intra-statesupply of goods or service of only restaurant sector.
  • Does not supply non-taxable goods.
  • Pays tax at normal rates in case he is liable under reverse charge
  • Is not an e-commerce operator.
  • Is not a manufacturer of ice cream, pan masala or tobacco (and its substitutes).
5What are HSN and SAC codes?
These codes are allotted to all the goods or services in supply. HSN means "Harmonized System of Nomenclature", a universally accepted 6-digit uniform code for goods and has been developed by World Customs Organization (WCO).SAC code is meant for services. In India, we use 8-digit HSN and SAC codes, where the first 2 digits of the code stand for the chapter where the good or service is listed in the Code List. Next 2 digits are the Chapter, followed by 2 digits for the product. Last 2 digits are a classification of the product. HB-GST has inbuilt HSN and SAC codes.
6What is offline utility?
The offline utility of HB-GST helps you create your invoices in the offline mode as per your convenience. In case the user is facing certain internet connectivity issues, then he may switch over to the offline mode.

Facing issues with GST filing or billing?

We are right here!