List of Forms Under GST

Goods and Services Tax (GST) is a comprehensive indirect tax system in India that replaces a number of indirect taxes previously levied by the central and state governments. The following is a list of forms that are commonly used under GST in India:

1. GST REG-01: Application for registration under GST

2. GST REG-09: Application for amendment of registration details

3. GST RET-01: Monthly/Quarterly return for normal taxpayers

4. GST RET-02: Monthly/Quarterly return for composition taxpayers

5. GST INV-01: Tax invoice

6. GST PMT-08: Payment of Tax

7. GST ITC-01: Claim of Input Tax Credit

8. GST RFD-01: Refund of unutilized ITC

9. GST DRC-03: Demand and recovery notice

10. GST CMP-08: Composition taxpayer return

It's important to note that the list of forms used under GST in India may change from time to time and may vary depending on the jurisdiction. It's best to check with your local tax authorities or consult a tax professional for up-to-date information on the forms required for your specific situation.

Purpose of each form under GST

Here is the purpose of some of the commonly used forms under Goods and Services Tax (GST) in India:

1. GST REG-01: Application for registration under GST. This form is used to apply for a GST registration number and to provide information about your business.

2. GST RET-01: Monthly or quarterly return. This form is used to report your taxable sales, purchases, and other transactions to the tax authorities.

3. GST ITC-01: Application for claiming input tax credit. This form is used to claim credit for the GST paid on inputs and capital goods used in your business.

4. GST PMT-08: Payment of tax. This form is used to pay the tax owed on your taxable sales and purchases.

5. GST REV-01: Application for revocation of cancellation of registration. This form is used to apply for the revocation or cancellation of your GST registration.

6. GST RFD-01: Application for refund of unutilized input tax credit. This form is used to claim a refund for the input tax credit that has not been utilized.

7. GST CMP-08: Application for opting composition scheme. This form is used to apply for the composition scheme, which is a simpler tax compliance option for small businesses.

8. GST INV-01: Tax invoice. This form is used to issue a tax invoice to your customers for your taxable sales.

9. GST DRC-03: Form for payment of tax, interest, penalty, and fee. This form is used to make payments for tax, interest, penalty, and fee owed to the tax authorities.

List of Forms Under GST FAQs

Here are some frequently asked questions (FAQs) related to the list of forms under Goods and Services Tax (GST) in India:

What is the purpose of each form under GST?

Each form under GST has a specific purpose and is used to provide information, pay taxes, claim input tax credit, or request a refund, among other things. It's important to understand the purpose of each form so you can use it correctly.

Where can I find the latest versions of the forms under GST?

You can find the latest versions of the forms under GST on the official website of the Ministry of Finance or the Central Board of Indirect Taxes and Customs.

What is the deadline for filing the forms under GST?

The deadline for filing the forms under GST varies depending on the form and the type of taxpayer. For example, the monthly or quarterly returns are due by the 20th of the next month, while the application for registration must be filed within 30 days of becoming liable to be registered.

What happens if I do not file the forms under GST on time?

If you do not file the forms under GST on time, you may incur penalties, interest, or other consequences, such as a notice from the tax authorities or a block on your GST registration.

Who can help me with the forms under GST?

A tax professional or a GST consultant can help you with the forms under GST, provide guidance on the process, and ensure that the forms are filed correctly.

Can I file the forms under GST online?

Yes, most forms under GST in India can be filed online through the GST portal.

Do I need to file all forms under GST every time?

Not all forms under GST need to be filed every time. The forms you need to file depend on your specific situation and the requirements of the tax authorities.

What is the difference between a monthly return and a quarterly return under GST?

Under GST in India, normal taxpayers are required to file a monthly return, while composition taxpayers are required to file a quarterly return. The main difference between the two is the frequency with which they are filed and the information they require.

What happens if I make a mistake on a form under GST?

If you make a mistake on a form under GST, you may need to file an amendment or rectification form. It's important to be careful and accurate when filling out the forms to avoid any mistakes or errors.

Is there a fee for filing the forms under GST?

There may be a fee associated with filing certain forms under GST, such as the application for registration or the claim for input tax credit. The fee varies depending on the form and the jurisdiction, and may be subject to change.