1. OVERVIEW of GOODS AND SERVICES TAX (GST)
Hosted By
CUSTOMS, CENTRAL EXCISE & SERVICE TAX COMMISSIONERATE, WARDHA
at ICAI BHAVAN on 12th May 2017
Prepared By:
CA KEYUR S DEDHIA
SAGAR KAWNA & CO.
CHARTERED ACCOUNTANTS
Phone : , ,

2. RETURNS under various Acts
GOODS AND SERVICES TAX
RETURNS under various Acts
Prepared By : CA Keyur S Dedhia, Akola

3. RETURNS under GST Salient Features of GST Returns
Filing of returns would only be through online mode.
Facility of offline generation and preparation of returns will also be available. The returns prepared in the offline mode will have to be uploaded. (Just like the same which we can do for Service Tax and Excise Returns)
There will be a common e-return for CGST, SGST, and IGST.
A registered Tax Payer shall file GST Return at GST Common Portal either by himself or through his authorised representative i.e. TRP’s.
No provision to revise a return but there is a provision for rectification of a return by way of debit / credit notes.
Last date for rectification of a return is 30th September following the end of the financial year or before furnishing the annual return, whichever is earlier.
Prepared by: CA Keyur S Dedhia

4. RETURNS under GST Salient Features of GST Returns
GST is based on transaction wise i.e. need to give bill wise details relating to sales and purchases relating to goods and invoice-wise details relating to services.
System is so designed that the Input Tax Credit will be matched automatically.
Input Tax Credit which is unmatched will be auto-reversed.
Revision of returns is not possible. Only rectification can be done.
Prepared by: CA Keyur S Dedhia

5. GOODS AND SERVICES TAX RETURNS UNDER GST Types of Returns: Sr. No.
FORM
PARTICULARS 1
GSTR 1
Statement of Outward supplies 1a
GSTR 1A
Details of inward supplies accepted, rejected, deferred, corrected by recipient 2
GSTR 2
Statement of Inward Supplies 2a
GSTR 2A
Details of outward supplies by suppliers will be available in GSTR 2A
Part A : Supplies by Regular tax payers
Part B : Supplies by Input Service Distributors
Part C : Details of Tax deducted at source
Part D : Details of Tax collected at source 3
GSTR 3
Monthly Return
Part A: Details of GSTR 1 & 2 – auto populated
Part B: Tax liability -Electronic Cash/Credit ledger 3a
GSTR 3A
Notice to non fillers (Monthly return /Final return)
Prepared by: CA Keyur S Dedhia

6. GOODS AND SERVICES TAX RETURNS UNDER GST Types of Returns (contd):
SR. NO.
FORM
PARTICULARS 4
GSTR 4
Composition Dealer – Quarterly return 4a
GSTR 4A
Details of inward supplies to composition dealer 5
GSTR 5
Return by Non resident taxable person 6
GSTR 6
ISD - details of credit received and those issued 6a
GSTR 6A
Details of inward supplies to ISD 7
GSTR 7
Return by person required to deduct tax at source 7a
GSTR 7A
TDS certificate 8
GSTR 8
Return by e-commerce operator– TCS 9
GSTR 9
Annual return by registered taxable person 9a
GSTR 9A
Annual return by composition dealers 9b
GSTR 9B
Audited annual account & reconciliation statement (duly certified by CA/ICWA) 10
GSTR 10
Final Return 11
GSTR 11
Details of inward supplies by person having UIN
Prepared by: CA Keyur S Dedhia

7. BASIC FRAMEWORK OF GST RETURNS
GOODS AND SERVICES TAX
BASIC FRAMEWORK OF GST RETURNS
GSTR 1 - Outward Supplies (Sec. 32) – Upload invoice level SALES details
GSTR 2 - Inward Supplies (Sec. 33) – Upload invoice level PURCHASE details
Matching of ITC (Sec. 37) – On online portal – finalize SALES & PURCHASE details
GSTR 3 – Monthly Return (Sec. 34) – Filling of returns with payment of tax liability
GSTR 9 – Annual Return (Sec. 39) – Yearly return (with or without audit as applicable) 7
Prepared by: CA Keyur S Dedhia

8. GSTR 1 – Statement of Outward Supplies
GOODS AND SERVICES TAX
GSTR 1 – Statement of Outward Supplies
Basic details of the Taxpayer i.e. Name along with GSTIN
To be filed by 10th of the next month
Invoice level details ; GSTIN of recipient
Invoice details – Number, date, HSN/SAC, ….Value, Taxable value…. POS
Tax – IGST, CGST, SGST/UTGST – Rate and Tax amount
Invoice level information for all B2B invoice (whether inter-state or intra-state)
Invoice level information for B2C invoice < Rs. 2.5 lacs
Consolidated information of all B2C supplies sufficient 8
Prepared by: CA Keyur S Dedhia

9. GSTR 2 – Statement of Inward Supplies
GOODS AND SERVICES TAX
GSTR 2 – Statement of Inward Supplies
The details of inwards supplies would be auto-populated in the Input Tax Credit (ITC) ledger on submission of GSTR-1 by the respective dealers.
To be filed by 15th of the next month
TCS/ TDS
GSTR1s of the suppliers
GSTR-6A
ISD
GSTR 2
To be Fed by Taxpayer
Reverse Charge receipts from unregistered supplies
Imports
GSTR 5
Non Resident TP 9
Prepared by: CA Keyur S Dedhia

10. GOODS AND SERVICES TAX GSTR 3 – Monthly return 10
In GST return, maximum data of this return is auto populated from sales and purchase registers (GSTR-1 and GSTR-2). Only adjustment entries and challan information will enter after these entries.
Only details of payment of tax under various tax heads of CGST, SGST and IGST separately would be populated from the debit entry in credit/cash ledger.
Taxpayer will have the option of claiming refund of excess payment through the return for which appropriate field will be provided in the return form.
Details of ITC balance (CGST, SGST and IGST) at the end of the tax period will be auto-populated in the ITC ledger irrespective of mode of filing return.
Due Date - 20th of the next month 10
Prepared by: CA Keyur S Dedhia

11. GOODS AND SERVICES TAX First Return u/s 35
Every registered taxable person paying tax under the provisions of section 10 is required to file his first return as soon as he obtains his registration. Following points need to be considered:
Transaction to be reported
Consideration involved
a) Outward supplies
From date of liability to register till the end of month* when registration is granted
b) Inward supplies
From effective date of registration till end of month* when registration is granted
Key Components of GSTR-10 (Final Return u/s 40)
Every registered taxable person who applies for cancellation of registration shall furnish a final return along with the application for cancellation of registration in such form and in such manner as may be prescribed.
Due Date – Three months from date of cancellation or date of cancellation order whichever is earlier 11
Prepared by: CA Keyur S Dedhia

12. GOODS AND SERVICES TAX Due Dates of various Returns: FORM PARTICULARS
GSTR 1
Statement of Outward supplies
10th of next month
GSTR 2
Statement of Inward Supplies
15th of next month
GSTR 3
Monthly Return
20th of next month
GSTR 4
Quarterly Return – Compounding dealer
18th of month of next quarter
GSTR 5
Non resident taxable person
20th of next month or 7th day after expiry of registration, whichever is earlier
GSTR 6
Return by Input Service Distributor
13th of next month
GSTR 7
Return - Tax source
GSTR 8
Return - TCS by e-comm. operator
GSTR 9
Annual Return
31st December of next FY
GSTR 10
Final Return
3 months from date of cancellation
Prepared by: CA Keyur S Dedhia

13. GOODS AND SERVICES TAX RETURNS under GST TAXPAYER TOTAL RETURNS
No of Returns
TAXPAYER
TOTAL RETURNS
Regular registered Tax payer
3 returns * 12 months = 36 +
1 Annual return = 1
Total = 37
Regular registered Tax payer with TDS & ISD
5 returns * 12 months = 60 +
Total = 61
Regular registered Tax payer with TDS, TCS & ISD
6 returns * 12 months = 72 +
Total = 73
To be filled for each state separately
through common single login
within 20 days of next month
with no provision for revision of return
Prepared by: CA Keyur S Dedhia

14. GOODS AND SERVICES TAX TRANSITIONAL PROVISIONS
Migration Of Existing Tax-Payers
Certificate will be issued on Provisional basis to all existing registered person.
Provisional certificate will be valid for 6 months or extended period.
Need to submit prescribed documents within the prescribed time.
Final Registration certificate will be issued on submission of documents.
If failed to submit the documents, the registration will be cancelled.
CENVAT Credit
Carry forward of CENVAT Credit / Input Tax Credit will be allowed as shown in last return filed.
Un-availed CENVAT Credit of Capital Goods to be allowed in certain cases.
Credit of inputs and inputs contained in semi-finished / finished goods will be allowed, if not availed earlier due to either non registration, claiming exemption or paying under composition scheme. However, credit will be allowed only for invoices of last 12 months.
If exempted or duty paid goods are returned within 6 months from the appointed day, no tax under GST will be payable. However, if goods were returned after 6 months, tax will be payable under GST regime.
Prepared by: CA Keyur S Dedhia