GSTR-11 is a return form that is required to be filed by individuals or entities who have been issued a unique identification number (UIN) for claiming a refund of taxes paid on purchases made for the purpose of making supplies that are exempt from tax. It is a monthly return form that needs to be filed by the 28th of the month following the month in which the supplies were received.
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To file GSTR-11, you will need to fulfill certain prerequisites. Here are the prerequisites for filing GSTR-11:
Here are the steps for filing GSTR-11:
It is important to note that GSTR-11 should be filed within the due date to avoid incurring late fees. The late fee for filing GSTR-11 is INR 100 per day, up to a maximum of 0.25% of the outstanding tax liability. In addition to the late fee, interest at the rate of 18% per annum may also be applicable on the outstanding tax liability from the date on which the tax was due until the date of payment.
If you have a valid reason for not being able to file GSTR-11 on time, you can apply for relief from late fees by providing a valid reason for the delay and submitting the request through the GST Portal.
In conclusion, GSTR-11 is a return form that needs to be filed by individuals or entities who have been issued a UIN for claiming a refund of taxes paid on purchases made for the purpose of making supplies that are exempt from tax. It is a monthly return form that should be filed by the 28th of the month following the month in which the supplies were received. To file GSTR-11, you will need to log in to the GST Portal, provide details of the supplies received, and verify and submit the return. It is important to file GSTR-11 on time to avoid incurring late fees and interest on outstanding tax liabilities.
Under the Goods and Services Tax (GST) Act in India, a Unique Identity Number (UIN) is a special number assigned to certain categories of taxpayers. UIN holders are typically entities that are not required to obtain a regular GST registration, but are eligible to receive certain taxable supplies without attracting GST. UIN holders are typically government entities, embassies, consulates, and other foreign diplomatic missions that are exempt from paying GST on their supplies. They may also include certain charitable organizations and religious institutions that are eligible for exemptions from GST.
The due date for filing the GSTR-11 return form depends on the period for which the return is being filed. Under the Goods and Services Tax (GST) Act in India, GSTR-11 must be filed on a quarterly basis by UIN holders. The due dates for filing GSTR-11 are as follows:
For the quarter ending March: 30th April
It is important to note that these due dates are subject to change and may be revised by the GST authorities from time to time.
GSTR-11 must be filed by UIN holders to claim a refund of GST paid on the taxable supplies received by them. The return form must be filed on a quarterly basis, and it must contain details of the supplies received by the UIN holder, the GST paid on those supplies, and the details of the supplier.