Mastering GST Certification Course by SLA Consultants India

Learn Comprehensive Guide to GST Returns by CA Trainer of SLA Institute

The Goods and Services Tax (GST) is a crucial aspect of India’s indirect tax system, requiring businesses to comply with various return filings. Understanding these returns is essential for accurate tax reporting and avoiding penalties. In this SLA Institute blog, we will cover the key GST returns, their importance, and the consequences of late filing.

GST Course in Delhi, "Learn  Direct Tax Code 2025" 110035, after 12th and Graduation by SLA Accounting, Taxation and ERP Tally Prime Institute in Delhi, Noida, "Holi Offer 2025, Free SAP FICO" [ Learn New Skills of GST & SAP FICO for 100% Job] in Kotak Bank

Understanding GST Returns

GST returns are periodic statements that registered taxpayers must file to declare their tax liabilities and claim input tax credits. Here’s a detailed look at the various GST returns:

1. GSTR-1: Outward Supplies Details

GSTR-1 is a monthly or quarterly return that captures details of outward supplies of goods and services. It helps the government track sales transactions and input tax credit claims.

“Get Live Practical Classes on GST Portal in "SLA Consultants India”

2. GSTR-2A & GSTR-2B: Auto-Generated Invoices for Recipients

• GSTR-2A is an auto-drafted statement reflecting invoices uploaded by suppliers. Taxpayers can use this to verify input tax credits.
• GSTR-2B is a static statement that provides a summary of eligible and ineligible input tax credits, helping taxpayers in ITC reconciliation.

“Get Live Practical Classes on GST Portal by CA from SLA Consultants India”

3. GSTR-2: Details of Inward Supplies (Currently Suspended)

GSTR-2 was designed to capture inward supplies of a taxpayer, but it has been suspended since the introduction of GSTR-2A and GSTR-2B.

4. GSTR-3 & GSTR-3B: Monthly Tax Summary & Payment

• GSTR-3 (Currently Suspended) was meant to be a monthly tax return summarizing sales, purchases, and tax liabilities.
• GSTR-3B is a simplified monthly return where taxpayers report summarized tax liabilities and input tax credits. It is mandatory for all regular taxpayers.

GST Course in Delhi, "Learn  Direct Tax Code 2025" 110035, after 12th and Graduation by SLA Accounting, Taxation and ERP Tally Prime Institute in Delhi, Noida, "Holi Offer 2025, Free SAP FICO" [ Learn New Skills of GST & SAP FICO for 100% Job] in Kotak Bank

Conclusion

Staying compliant with GST return filing is crucial for businesses to avoid penalties and ensure smooth tax operations. Taxpayers should stay updated with GST norms, maintain proper records, and file returns on time to remain compliant. If needed, professional assistance can help in managing GST efficiently.

For more insights on GST compliance, keep following our blog!

SLA Consultants GST Course in Delhi, "Learn  Direct Tax Code 2025" 110035, after 12th and Graduation by SLA Accounting, Taxation and ERP Tally Prime Institute in Delhi, Noida, "Holi Offer 2025, Free SAP FICO" [ Learn New Skills of GST & SAP FICO for 100% Job] in Kotak Bank Details with "New Year Offer 2025" are available at the link below:

https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx

https://slaconsultantsdelhi.in/gst-course-training-institute/

 GST Training Courses

Module 1 - GST- Goods and Services Tax- By Chartered Accountant- (Indirect Tax)

Module 2 - Income Tax/TDS - By Chartered Accountant (Direct Tax)

Module 3 - Finalization of Balance sheet/ preparation of Financial Statement- By Chartered Accountant

Module 4 - Banking and Finance Instruments - By Chartered Accountant

Module 5 - Customs / Import and Export Procedures - By Chartered Accountant

Contact Us:

SLA Consultants India

82-83, 3rd Floor, Vijay Block,

Above Titan Eye Shop,

Metro Pillar No. 52,

Laxmi Nagar, New Delhi-110092

Call +91- 8700575874

E-Mail: hr@slaconsultantsindia.com

Website: https://www.slaconsultantsindia.com/