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GST help in Miracle
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FAQ
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Useful information
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HSN Code & Product GST Rate
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GST Background
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Journey so far
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Compliance with Returns
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Ease of doing Business
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GST Return Formats
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Refunds Under GST
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Useful Links
How GST is implemented in Miracle Software?
GST Master Setup |
GST Setup & Entries |
GST Returns & Reports |
Composition Scheme |
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Refer following document for more details:
Please download following Video for more details:
Refer following document for more details:
Refer following document for more details:
Please download following Video for more details:
Please download following Video for more details:
Refer following document for more details:
Refer following document for more details:
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Billing Copy |
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Account Copy |
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Super Account Copy |
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Standard Copy |
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Premium Copy |
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Excise Copy |
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Excise Copy (W/o Acc.) |
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Addon |
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- Supported Client OS
- Microsoft Windows 7 with Service Pack 1, Windows 8.1, or Windows 10 (64 bit Recommended)
- Supported Server OS
- Windows Server 2008 R2, Windows Server 2012 R2, Windows Server 2016
- Framework
- .NET Framework 4.0 or Higher
We have developed a tool which will automatically download and install .net 4.0 in your system.
For more Details download ( Gujarati / Hindi ) this PDF and MiracleDotNet.exe
Useful Information to upgrade GST in Miracle Software
As we all know, GST is going to rollout from 1st July, 2017. We have also implemented GST in Miracle Software. Please go through the attached file to upgrade Miracle into “GST Ready” version.
Find HSN Code for Your Business. HSN stands for Harmonized System of Nomenclature which is internationally accepted product coding system used to maintain uniformity in classification of goods.
HSN (Harmonised System of Nomenclature) code shall be used for classifying the goods under the GST regime. Depending upon the turnover Taxpayers shall use 2 digit,4 digit or 8 digit HSN code.
Dealers registered under the Composition Scheme of GST are exempted from the usage of HSN Codes.
Download HSN Code List: (Last Updated Date: 20 May 2017)
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Vajpayee Government mooted the Idea |
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Kelkar Task Force - Vijay Kelkar presented paper in Oct'02 |
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Proposal to Introduce the GST was put forth by April 2010 by FM in budget |
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Empowered Committee presented first discussion paper |
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FM proposed to introduce GST from April 2011 |
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Constitution 115th Amendment bill introduced in LS |
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Committee submitted report in Aug'13 but the Lok Sabha dissolved |
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Revised Constitutional amendment bill was tabled in LS, GST expected from April 2016 |
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06 May 2015: Passed by Lok Sabha |
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Compliance with Returns
Under the current indirect tax regime, a taxpayer is obligated to file multiple returns under various statutes which could be manual/online filing. Reporting the same transaction repeatedly in varying formats to multiple authorities has only proven to be cumbersome to the tax payers.
In a move towards Ease of Doing Business, GST regime is knocking out the multiplicity of return compliance and moving towards paperless tax compliance. Returns under GST envisage that tax payers will freeze the actual credit eligibility and impending tax liability after due co-ordination between the customers and vendors respectively.
List of returns to be filed under GST regime:
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Monthly | 10th of succeeding month | Furnish details of outward supplies of taxable goods and/or services affected |
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Monthly | On 11th of succeeding Month | Auto-populated details of inward supplies made available to the recipient on the basis of Form GSTR-1 furnished by the supplier |
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Monthly | 15th of succeeding month | Details of inward supplies of taxable goods and/or services for claiming input tax credit. Addition (Claims) or modification in Form GSTR-2A should be submitted in Form GSTR-2. |
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Monthly | 20th of succeeding month | Details of outward supplies as added, corrected or deleted by the recipient in Form GSTR-2 will be made available to supplier |
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Monthly | 20th of succeeding month | Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax |
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Monthly | — | Communication of acceptance, discrepancy or duplication of input tax credit claim |
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— | — | Notice to a registered taxable person who fails to furnish return under section 27 and section 31 |
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Annually | 31st Dec of next fiscal | Annual Return – furnish the details of ITC availed and GST paid which includes local, interstate and import/exports. |
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Quarterly | — | Details of inward supplies made available to the recipient registered under composition scheme on the basis of Form GSTR-1 furnished by the supplier |
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Quarterly | 18th of succeeding month | Furnish all outward supply of goods and services. This includes auto-populated details from Form GSTR-4A, tax payable and payment of tax. |
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Annual | 31st Dec of next fiscal | Furnish the consolidated details of quarterly returns filed along with tax payment details. |
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Monthly | 20th of succeeding month or within 7 days after the expiry of registration | Furnish details of imports, outward supplies, ITC availed, tax paid, and closing stock |
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Monthly | 0n 11th of succeeding month | Details of inward supplies made available to the ISD recipient on the basis of Form GSTR-1 furnished by the supplier |
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Monthly | 13th of succeeding month | Furnish the details of input credit distributed |
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Monthly | 10th of succeeding month | Furnish the details of TDS deducted |
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Monthly | TDS certificate to be made available for download | TDS Certificate – capture details of value on which TDS is deducted and deposit on TDS deducted into appropriate Govt. |
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Monthly | 10th of succeeding month | Details of supplies effected through e-commerce operator and the amount of tax collected on supplies |
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Annually | Annual, 31st Dec of next fiscal | Reconciliation Statement – audited annual accounts and a reconciliation statement, duly certified. |
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Monthly | Within 3 months of cancellation of registration | Furnish details of inputs and capital goods held, tax paid and payable. |
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Monthly | 28th of succeeding month | Details of inward supplies to be furnished by a person having UIN |
Ease of doing Business
Economies are ranked on their ease of doing business, from 1-190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Latest Ease of Doing Business report of the World Bank Group has once again everyone has been left disappointed as India climbed just one position to 130 this year.
Paying taxes is one of the worst indicators for India – this year the countrys rank remained atlowly 172 out of 190 countries.
The introduction of the Goods and Services Tax (GST)is expected to ease doing business by managing the multiple indirect taxes applicable in the existing tax regime, removing cascading effect of taxes and widening the tax base.
By unifying all Indian states and Union Territories into a one nation one common market, GST will exponentially enhance the ease of doing business. GST is expected to bring in a lot of certainty on the indirect tax front and this will provide a boost to new investments, especially foreign investments in the Country.
GST Return Formats, Download GST Return Forms (GSTR Forms)
Last Updated 3rd June 2017 (03-06-2017)
Sr. No. |
Form Number |
Descritption |
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1 |
Details of outwards supplies of goods or services | |
2 |
Details of auto drafted supplies of goods or services | |
3 |
Details of inward supplies of goods or services | |
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Details of supplies auto drafted from GSTR-1 or GSTR-5 to recipient | |
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Monthly return | |
6 |
Notice to return defaulter u/s 46 | |
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Quarterly return for registered persons opting composition levy | |
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Auto drafted details for registered persons opting composition levy | |
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Return for Non Resident Taxable Persons | |
Details of supplies of online information and database access or retrieval services by a person located outside India made to non-taxable persons in India | ||
10 |
Return for input service distributors | |
11 |
Details of supplies auto drafted from GSTR-1 or GSTR-5 to ISD. | |
12 |
Return for Tax Deduction at Source | |
13 |
Tax Deduction at Source Certificate | |
14 |
Statement for Tax Collection at Source | |
15 |
GST Annual Return | |
16 |
Simplified Annual return by Compounding taxable persons registered under section 8 | |
17 |
GSTR 9B |
GST Reconciliation Statement |
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GST Final return | |
19 |
Inward supplies statement for persons having Unique Identification Number (UIN) | |
20 |
Application for enrolment as Tax return preparer | |
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Enrolment certificate as Tax return preparer | |
22 |
Show cause to as Tax return preparer | |
23 |
Order of cancelling enrolment as Tax return preparer | |
24 |
List of Tax return preparers | |
25 |
Consent of taxable person to Tax return preparer | |
26 |
TRP-6 |
Withdrawal of authorization to tax return preparer |
27 |
9A |
GST Audit Report |
28 |
GST ITC Mismatch Report |
Every registered person (other than a person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017) required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in FORM GSTR-1 electronically through the Common Portal, either directly or through a Facilitation Centre notified by the Commissioner.
Refund of unutilized input tax credit shall be allowed only in two scenarios.
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Refund of unutilized input tax credit shall be allowed only for Exports including Zero rated supplies (SEZ Supplies). The Ministry has confirmed that refund of 90% of the duties paid by exporters in the process of manufacturing items for export would be made within a period of seven days under the Goods and Services Tax (GST) regime on provisional basis. The remaining 10% refund will be made after verifications by tax authorities.
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Credit accumulation due to inverted duty structure.
Where tax payer pays one tax for another
(a) CGST/SGST – Instead of IGST
(b) IGST – Instead of CGST/SGST
Refund to be claimed of the wrongly paid tax & the appropriate tax to be paid to the Government without interest
Casual taxable persons or Non-resident taxable persons are required to make an advance payment of estimated tax liability at time of registration application
Refund of tax, if any excess paid shall be allowed subjected to that the dealer must file all the returns.