1. B.COM,CS, FAFP, NATIONAL GST FACULTY
CA SURBHI D.KHIWANSARA
B.COM,CS, FAFP, NATIONAL GST FACULTY

2. important DEFINITIONS

3. DEFINITION UNDER GST Sr. No. Term Section Definition 1. Return 2(97)
Means any return prescribed or otherwise required to be furnished by or under this Act or the rules made thereunder. 2.
Tax Period
2(106)
Means the period for which the return is required to be furnished. 3.
Valid Return
2(117)
Means a return furnished under Sec. 39(1) on which self-assessed tax has been paid in full.

4. Types of returns under gst

5. RETURNS UNDER GST Form GSTR
Nature of Compliance/ Category of tax Payer
Periodicity
Due Date in Succeeding Month
Section/ Return Rule 1
Furnishing Details of Outward Supplies
Monthly
10th
S. 37
Rule -1(1) 2
Filing of Monthly Details of Inward Supplies
15th
S. 38(2)
Rule -2(1) 3
Monthly Return
20th
S. 39(1)
Rule -3 4
Composition Taxable Person
Quarterly
18th
S. 39(2)
Rule – 4 5
Return For Non-Resident Taxable persons
S. 39(5)
Rule -5 5A
Details of Supplies of OIDAR Services provided by person located outside India to a non-taxable in India.
Rule -5A

6. RETURNS UNDER GST Form GSTR
Nature of Compliance/ Category of tax Payer
Periodicity
Due Date in Succeeding Month
Section/ Return Rule 6
Return for Input Service Distributors
Monthly
13th
S. 39(4)
Rule -6 7
TDS Return
10th
S. 39(3)
Rule -7 8
Statement of TCS
S. 52(4)
Rule -8 11
Inward Supply statement by UIN holders -
Rule-23 9
Annual Return
Annual
31st December
S. 44
Rule -21

7. RELAXATION FOR FIRST 2 MONTHS
For the first two months (i.e. for July and August), the tax would be payable based on a simple return= Form GSTR-3B.
Form GSTR-3B = Summery of outward and Inward supplies, which will be submitted before 20th of the succeeding month.
Due date for submitting invoice wise details in regular GSTR-1 for the months July and August 2017 will be as follows.
Month
GSTR-3B
GSTR-1
GSTR-2 (Auto Populated from GSTR-1)
July, 2017
20th August
1st -5th September
6th -10th September
Aug, 2017
20th September
16th -20th September
21st -25th September
* No late fees and penalty would be levied for the interim period

8. RETURN PROCESS

9. RETURN PROCESS UNDER GST
Upload GSTR-1
Auto Drafted GSTR 2A Based on details from GSTR-1 filed by other Suppliers
Generate GSTR-2 by accepting / rejecting / modifying details from GSTR-2A
Communication of details modified in form GSTR-2 to supplier in GSTR-1A
Supplier to accept modifications by 17th But not before 15th
Filing of GSTR-3 by 20th

10. AUTO –GENERATED RETURNS

11. AUTO-GENERATED RETURNS
Form
GSTR
Nature of Compliance/ Category of tax Payer
Periodicity
Due Date in Succeeding Month
Section/ Return Rule 2A
Auto Drafted details of supplies to the Recipient (Paying tax U/s. 9)
Monthly
After 10th
S. 37
Rule -1(3) 1A
Communication of auto drafted details of supplies to the Supplier
After 15th
S. 38(3)(4)
Rule -1(4) 4A
Auto drafted details to Recipient being a Composition Tax Payer
S.37 6A
Auto Drafted details to recipient being an ISD 7A
TDS Certificate
After payment of TDS to Govt
Within 5 days
S. 51(3)(4)
Rule - 7

12. AUTO-GENERATED RETURNS
Form
GSTR
Nature of Compliance/ Category of tax Payer
Periodicity
Due Date in Succeeding Month
Section/ Return Rule 9A
Simplified Annual Return – Composition Dealer
Annual
31st December
S. 44
Rule -21 9B
Furnishing of Annual Statement of TCS by E-commerce Operator
S. 52(5)
Rule -21(2) 9C
Reconciliation Statement (To whom Audit under GST Liable)
S. 35(5)
Rule -21(3)

13. IMPORTANT POINTS Every registered person to furnish returns
Submission of return - Through online mode
Return to be filed even if there is no business activity during the return period i.e. nil return
Error or omission may be rectified but no revision of returns
B2B transactions proposed on invoice level – GSTIN, Invoice No. and date, Value, Description, rate of tax and value of Tax.

14. IMPORTANT POINTS
B2C invoice wise only for transaction above INR 2.5 lakh and is interstate.
HSN Codes – Goods and Accounting Codes – Services
Separate Tables for Debit / Credit Notes / Input Service Distributor Credit / TDS etc.
Common e-Return for CGST, SGST/ UTGST and IGST
Shall not be allowed to furnish a return for a tax period if the return for any of the previous tax period has not been furnished by him.

15. Form gstr-3B

16. FORM GSTR-3B Details of I/w Supplies liable to reverse charge
Details of O/w Taxable, Zero rated, Nil rated, exempted, Non-GST o/w Supplies (Taxable value net of sales return and advances recd)
Inter-State supplies made to Unregistered person, Composition taxable person and UIN holders
FORM GSTR-3B
TDS/TCS Credit
Eligible ITC
Payment of Tax
Value of exempt, nil-rated and non-GST inward supplies plus inward supply from compositions dealer.

17. FORM GSTR-3B
Where the time limit for furnishing of details in Form GSTR-1 u/s. 37 and in Form GSTR-2 u/s. 38 has been extended and the circumstances so warrant, return in form GSTR-3B, in lieu of Form GSTR-3, may be furnished.
Form GSTR-3B required to file for July, 2017 and August, returns (Refer Slide No.7)
Value of Taxable Supplies = Value of Invoices + Value of Debit Notes- Value of Credit Notes+ Value of advances received for which invoices have not been issued in the same month- value of advances adjusted against invoices.

18. Form gstr-1

19. FORM GSTR-1 :- DETAILS OF OUTWARD SUPPLIES
The process of return filing under GST shall commence with Form GSTR-1
A registered Person (to whom form is applicable) shall furnish details of all O/w Supplies.
Form GSTR-1 includes :-
(a) Invoice wise Details &
(b) Consolidated Detail
(c) Debit or Credit note, if any issued during the
month for invoices issued previously
Details of GSTR-1 auto populated in GSTR 2A/4A/6A

20. FORM GSTR-1 :- DETAILS OF OUTWARD SUPPLIES
Table No. 2)
Legal Name of the Registered Person
(b) Trade name, if any 3)
Aggregate Turnover in the Preceding F.Y.
(b) Aggregate Turnover- April to June, 2017
1)GSTIN NO.
For Table 4 to 13
Refer Excel Sheet

21. REPORTING OF HSN CODE Upto Rs. 1.50 Cr.
Sr. No.
Annual Turnover in the Preceding Financial Year
Number of Digits of HSN Code 1.
Upto Rs Cr.
NIL 2.
More than Rs Cr. and upto Rs. 5 Cr 2 3.
More than Rs. 5 Cr. 4

22. Form gstr-2A

23. FORM GSTR-2A
Auto drafted details of o/w supplies furnished by n-number of suppliers shall be communicated to respective registered person in form GSTR-2A
Shall be made available to recipient after 10th of the month following tax period on the common portal.
Also include auto drafted details furnished in GSTR -5,6,7 and 8

24. Keep transaction pending for action
FORM GSTR-2A
Details which were auto generated in GSTR 2A/4A/6A can be modified by Receiver in 4 ways
Addition
Keep transaction pending for action
Deletion
Correction

25. DETAILS CONTENT –GSTR 2A
Table
Contents
Source Return
PART A 3.
Inward supplies received from a registered person (other than RCM)
GSTR1/5 4.
Inward Supplies received from a registered person on which tax is to be paid on reverse charge 5.
Debit/Credit Notes including amendments thereof received during current tax period
GSTR -1
PART B 6.
ISD Credit (Including amendments thereof ) received
GSTR-6
PART C 7.
TDS/TCS Credit (Including amendments thereof) received
GSTR-7/8

26. Form gstr-2

27. FORM GSTR-2 :- DETAILS OF INWARD SUPPLIES
After taking the action in form GSTR-2A, recipient taxpayer will have to mention whether he is eligible to avail credit or not.
The eligible credit relating to inward supplies to be populated in the Electronic Credit Ledger on submission of its return in form GSTR-3
Recipient can claim less ITC on an invoice depending on its use i.e. Whether for business purpose or non-business purpose.
For detail content refer excel sheet

28. Form gstr-1A

29. FORM GSTR-1A
Details of Inward Supplies as added, corrected or deleted by the recipients shall be communicated to the supplier in form GSTR-1A
Supplier is provided only details of unmatched transactions in GSTR-1A.
Source of details appearing in GSTR-1A is GSTR-2, GSTR-4 or GSTR-6
The Supplier is required to accept or reject the details contained in GSTR-1A after 15th but on or before the 17th of the month succeeding the tax period.

30. FORM GSTR-1A
If the supplier does not accept the change made by the recipient, it shall qualify as an unmatched transaction in the hands of the recipient.
GSTR-1 shall contain details of mismatch in respect of :-
Taxable supplies to registered person other than RCM.
Taxable supplies to registered person attracting RCM.
Zero rated supplies made to SEZ units or developer and deemed exports.
Debit/Credit notes including amendments there of issued during the period.

31. Form gstr-3

32. HIGHLIGHTS OF FORM GSTR-3
Form GSTR3 can be generated only when GSTR-1 & GSTR-2 of the tax period have been filed
Automatic updating of Electronic Liability Register, Electronic cash & credit ledger.
Part-A of GSTR-3 is auto populated on the basis of GSTR 1, GSTR-1A and GSTR-2
Part-B relates to payment of tax, interest, late fee etc.
GSTR-3 filed without discharging complete liability will not be treated as valid return.

33. Misc. return compliances

34. Provision First Return Final Return Annual Return
Section 40 45 44
Form -
GSTR-10
GSTR-9; GSTR-9A(Composition Tax payer); 9B(E-Comm)
Applicability
Every Registered Person
Every Registered Person required to file return U/s. 39(1) and whose registration has been cancelled.
Every Registered Person other than ISD, person paying tax u/s. 51/52, casual taxable person, NR taxable person.
Compliance
Furnish details of O/w supplies made between date he become liable for registration till the date of grant of registration
Furnish Final Return.
Furnish annual return in prescribed form for every financial year.
In audit cases, furnish audited accounts and reconciliation statement in GSTR-9C
Due Date
Normal Due Date
3 months from date of cancellation or date of order of cancellation, whichever is later.
On or before 31st December following end of the financial year.

35. MATCHING, REVERSAL & RECLAIM

36. MATCHING
REVERSAL
RECLAIM
Details not matching resulting in excess to be communicated to both supplier and receiver
Details of inward supply furnished by a receiver to be matched with details of output supplies furnished by corresponding supplier
Recipient entitled to reduce output tax liability if supplier rectifies the return within prescribed timelines
Details communicated but not rectified by supplier to be added to the output tax liability of recipient
Matching of claims relating to reduction in output tax (e.g. Credit Notes)
Duplication resulting in excess also to be added to output tax liability of recipient

37. MATCHING, REVERSAL AND RECLAIM OF ITC
The Claim shall be matched :-
With corresponding details of O/w supply furnished by the concerned supplier in the same or earlier month, following details shall be matched.
GSTIN of Supplier
GSTIN of Recipient
Invoice or Debit Note No.
Invoice or Debit Note Date
Tax Amount
With the IGST paid on Import of goods by him
For Duplication of Claims of ITC

38. OTHER IMP POINTS

39. BLACKLISTING OF DEALERS
RECTIFICATION (Sec. 39)
Allowed till Due date of furnishing of return for the month of September following the end of the F.Y. or furnishing of Annual Return whichever is earlier.
NON-FILING
Cancellation of registration for non-filing of returns for 3 consecutive tax periods for tax payers under Composition Scheme or 6 months for other taxable person.
BLACKLISTING OF DEALERS
Compliance rating to be introduced. Fall below prescribed level would lead to blacklisting.
LATE FEE (Sec. 47)
Nature of Compliance
Nature of Default
Amount of late fee
Maximum Late Fee
Furnishing of details required u/s. 37 or 38 or returns u/s. 39 or 45
Details or returns not furnished within due date
Rs. 100 per day
Rs. 5000
Furnishing of annual return U/s. 44
Return not furnished within due date
¼% of turnover in the state /UT