All the registered persons are obliged to submit a GSTR-1 as per IGST and CGST Act, 2017. Every taxpayer is required to pay GSTR-1 on a specified time period.
Every taxpayer who registers for GST is given a unique Goods and Services Tax (GST) identification number, also known as a GST number. It has 15 digits of alphanumeric data that are based on the PAN of the corporate organisation. As a dealer who has registered for GST, you might want to confirm a GSTIN before entering it in your GST filings. You as a customer might want to confirm the validity of a GSTIN.
The GSTIN of a taxpayer is available to the public. A GSTIN search can be performed by anyone to confirm its validity. Modern technology makes it possible to instantly and from any location verify a GSTIN with the touch of a mouse. Before moving forward with a business contract, GSTIN verification is crucial.
How Does the Name-based GSTIN Number Search Function?
The Vakilsearch GSTIN Number Search by Name tool enables customers and businesses to quickly validate any GSTIN. The information is instantly presented after a user enters the name of the business entity. Anyone and at any time can use this function for free as long as they know the name of the appropriate business entity.
The GSTIN Number Search by Name Tool has the Following Benefits
The benefits of utilising the Vakilsearch GSTIN Number Search by Name tool to confirm a GSTIN include:
- The validity of any GSTIN can be checked simply by name.
- If a handwritten invoice’s GSTIN is not clear, the GSTIN can be seen by entering the vendor’s name.
- Using false GSTINs, you can stop your company from working with shady merchants.
- As a customer, you can check to see if the company charging you GST is actually a registered GST provider.
- Prevent GSTIN fraud
- As you report GSTINs, assist your company in correcting any potential mistakes.
What Does GSTR-1 Mean?
All the registered GST taxpayers must submit GSTR-1 on a monthly or quarterly basis, with the exception of a few, as detailed in the following sections. It includes information on all sales and external supplies. The return is divided into a sum of 10 segments, as described in the following:
Calculate the GST amount that needs to be paid before registering for GST using our GST calculator.
Tables 1, 2, and 3 show the GSTIN, official and trading names, and total revenue for the prior year.
Table 4 lists all taxable outgoing goods to registered individuals, including UIN holders, but excludes zero-rated goods and considered exports.
Table 5 lists taxable interstate supplies made to unregistered individuals when the invoice amount exceeds Rs. 2.5 lakh.
Table 6: Assumed exports and zero-rated supply
Other than the items mentioned in table 5,
Table 7 lists taxable supply to unregistered individuals.
Table 8: External shipments that are free from, zero-rated, or otherwise not subject to GST
Table 9 shows modifications to outward supplies that are taxable and stated in tables 4,5, and 6 of the GSTR-1 return for preceding tax periods.
Table 10 shows notes given to unregistered individuals (debit and credit).
What is the deadline for GSTR-1?
According to your total turnover, the GSTR-1 deadlines are determined. Firms can choose to submit quarterly returns under the QRMP system if their sales are up to Rs. 5 crores, and they must be submitted by the 13th of the month after the appropriate period.
In contrast, taxpayers who do not choose the QRMP plan or who have a cumulative annual revenue of more than Rs. 5 crores must submit their GST return filing each month by the 11th of the following month, at the latest.
Who needs to submit GSTR-1?
Regardless of whether any transactions occurred during the time or not, all the registered persons are obliged to submit a GSTR-1. There is a provision to register through Text messages that became available to nil GSTR-1 filers starting in the first week of July 2020.
Who does not need to submit GSTR-1?
The following registered individuals are excluded from filing GSTR-1:
- Non-resident tax-paying individual
- Providers of Input Services
- A taxpayer who is required to deduct TDS
- Online information and database access (OIDAR), who are responsible for paying their own taxes
- Dealers in composition
- A taxpayer who is required to obtain TCS
How do you update GSTR-1
Under GST: https://www.gst.gov.in/, a return that has been filed cannot be changed. Any errors in the statement can be fixed in the GSTR-1 that is submitted for the upcoming month or quarter. This implies that any errors made in the GSTR-1 of February 2022 may be corrected in the GSTR-1 of March 2022 or later months.
Conclusion
If you need any further help regarding GST name search in Karnataka, you can contact the legal experts of Vakilsearch. We will be happy to help you with all your queries.
