1. Report of Joint Committee on Business Processes for GST on GST Return

2. GST Return
Return is a statement of Specified particulars relating to business activity undertaken by the taxable person during a prescribed period of time
To declare tax liability and taxed paid for a given period of time
There will be common e-return for SGST, CGST, IGST and Additional Tax in GST Regime
GST Return will be filed and processed at common GST Portal i.e. GSTN (Goods and Service Tax Network)

3. Persons Liable to File GST Return
Every Register Person even if there is no business activity i.e. NIL Return
UN Agencies etc. required to file return for the month in which they make purchase i.e. Purchase Statement for claiming refund
Persons not Liable to File GST Return
Government Entities and PSUs not dealing with GST Supplies
Persons exclusively dealing in exempted /NIL rated/non GST supplies
Such Supplies will be treated at par with B2C supplies

4. GST Returns
GSTR 1
For outward supplies made by taxpayer
To be filed by all assesses except compounding and ISD
Due Date : 10th of the Next Month
GSTR 1.pdf

5. GST Returns
GSTR 2
For inward supplies received by taxpayer
To be filed by all assesses except compounding and ISD
Due Date : 15th of the Next Month
GSTR 2.pdf

6. GST Returns
GSTR 3
Monthly Return
To be filed by all assesses except compounding and ISD
Due Date : 20th of the Next Month
GSTR 3.pdf

7. GSTR 4 GST Returns Due Date : 18th of the Month next to Quarter
Quarterly Return
To be filed by compounding taxpayer
Due Date : 18th of the Month next to Quarter
GSTR 4.pdf

8. GSTR 5 GST Returns Periodic Return
To be filed by Non Resident Foreign Taxpayer
Due Date : Within 7 Days of Expiry of Registration
If the registration is for a period of more than one month Monthly Return would be filed
GSTR 5.pdf

9. GSTR 6 GST Returns To be filed by Input Service Distributor (ISD)
Monthly Return
To be filed by Input Service Distributor (ISD)
Due Date : 15h of the next Month
GSTR 6.pdf

10. GSTR 7 GST Returns Monthly Return All Assesses who deduct TDS in GST
Due Date : 10h of the next Month
GSTR 7.pdf

11. GSTR 8 GST Returns Annual Return All Normal Assesses
Due Date : 31st December of Next F.Y.
It will be based on financial records
Intend to provide 360° view about the business activities

12. GST Returns
GSTR 8
It provides reconciliation of the returns with audited financial statements
It will capture details of pending arrears, refund claims, current status of orders etc
Due Date : 31st December of Next F.Y.
Audited Financial Statements would required to file with this return
GSTR 8.pdf

13. Other Details GST Returns On continuous basis with returns
To be filed by respective assesses
ITC Ledger of Tax Payer
Cash Ledger of Tax Payer
Tax Ledger of Tax Payer

14. Other Important Points
GST Returns
Other Important Points
Regular Tax Payers with multiple registration within a State would have to file Separate GSTR 1, GSTR 2, & GSTR 3 for each Registration
The filing of return would be only through online mode. Offline Utility for filing return may be provided.
There would be two separate return for Outward Supplies (GSTR 1) and Inward Supplies (GSTR 2) A consolidated return based on these two (GSTR 3)

15. Steps for E-filing GST Returns
GSTN will facilitate the entire E filing of all GST Returns
Step 1
The taxpayer will upload final GSTR 1 return
The increase or decrease in supply invoices would be allowed only on the basis of details provided in GSTR 2 by counter party up to 17th day of the month
Step 2
GSTN will auto draft the provisional GSTR 2 of taxpayer based on GSTR 1 of counter parties
A taxpayer has option to download his provisional GSTR 2
Step 3
A purchasing taxpayer will accept/reject/modify auto drafted provisional GSTR 2

16. Steps for E-filing GST Returns
Purchasing Tax Payer will also be able to add additional purchase invoice details in his GSTR 2 which have not been uploaded by Supplier provided he is in possession of Valid Invoice
Step 5
Tax Payer can do reconciliation with counterparty during next 7 days. All the invoices will be auto populated in the ITC ledger of taxpayer
Step 6
Tax Payer will finalize GSTR 1 & GSTR 2 and determine a) Tax liability on supplies b) Eligibility of ITC c) Net Tax Liability
Step 7
Draft GSTR 3 will be auto generate at the portal including Previous and Current Year’s Details
Step 8
Tax Payer will debit ITC ledger and Cash Ledger and mention debit entry No in GSTR 3 Return and would submit the same

17. GST Return monthly Due Dates for us
10th /NM GSTR : 1 GSTR : 7
15th /NM GSTR : 2
15th /NM GSTR : 6
17th /NM Finalization of GSTR 1 & 2
20th /NM GSTR : 3
11th N/M Auto Generation of GSTR :2
12th -15th N/M Add/Del/Alt of GSTR :2
16th – 17th N/M Adjustment in GSTR

18. GST Return Acknowledgment
After verifying details in GSTR Transaction ID confirming receipt of data will be generated
Final Acknowledgement will be generated after validation of data. It will also lock transaction ID.
Acknowledgement would contains:- a) Acknowledgement Number b) Date, Time and Transaction ID c) GSTIN of Tax Payer d) Relevant Tax Period Details e) Gross Supplies, Taxable Supplies and Taxes Paid/Refund Claimed

19. Invoice Level Information
Supply
B2B
Intra State
Inter State
Export/ Deemed Export
Exempted/ Nil Rated Supply
B2C
Value More than Rs.2.5 Lacks
Value Less than Rs.2.5 Lacks

20. Invoice Level Information
Invoices Pertaining to B2B transactions (Intra State, Inter State & supply to UN Organizations)
GSTIN/Unique ID issued to UN organizations/Embassies
Invoice Number, Date and Value
HSN Code for Goods and Accounting Code for services
Tax Rate & Tax Amount for CGST, SGST, IGST and Additional Tax
Place of Supply
For Capital Goods there will be separate columns for Credit Due and Credit Availed
For Different HSN code or Tax rate separate line wise details would be submitted

21. Invoice Level Information
Invoices Pertaining to B2C transactions (Inter State Supplies whose taxable value is more then Rs.2.5 Lacks)
Invoice Number, Date and Value
HSN Code for Goods and Accounting Code for services
Tax Rate & Tax Amount for CGST, SGST, IGST and Additional Tax
Buyer’s Address (State Code)
Department ID of Government Entities/PSUs not dealing in GST Supplies Persons Dealing in Exempted/NIL Rated/Non GST Supplies
Place of Supply if different than Buyer’s Address

22. Invoice Level Information
Invoices Pertaining to B2C transactions (Inter State Supplies whose taxable value is less then Rs.2.5 Lacks)
Only aggregate taxable value of all such invoices will be submitted state wise & tax rate wise
GST law may provide mandatory mention of address of the buyer if taxable value of invoice is more than Rs.50000/-
Invoices Pertaining to B2C transactions (Intra State)
Only aggregate taxable value of all such invoices will be submitted tax rate wise

23. Invoice Level Information
Invoices Pertaining to Exports and Deemed Exports
Invoice Number, Date and Value
HSN Code for Goods and Accounting Code for services
Tax Rate & Tax Amount for IGST in case export on payment of GST
Shipping Bill Number / Bill of Export Number
Invoices Pertaining to Exempted/NIL Rated Supply
Aggregate Value of all Exempted / Nil Rated Supplies & Purchases made would be submitted

24. Invoice Level Information
Bill of Entry relating to Import
Bill of Entry Number, Date and Value
Assessable Value for IGST
8 Digit HSN Code
IGST Rate & Amount
Importer's Address
These details would be verified from data available at ICES/ICEGATE

25. Invoice Level Information
Credit Note / Debit Note
Credit / Debit Note Number
Original Invoice Number and Date
Taxable Value of Credit / Debit Note
Tax Rate and Tax Amount of CGST/SGST/IGST and Additional Tax
Credit/ Debit Notes will reflect in the monthly return in which they have been issued
GST Law may provide time period within which only Credit / Debit Notes can be issued

26. Invoice Level Information
Advance Received Against a Supply to be made in future
Taxation point will be determine by Point of Taxation Rules in GST Law
If tax is to be paid on advance receipt required details are to be given in GST return
GSTIN/UID/GDI/Name of Customer
HSN Code for Goods and Accounting Code for Services
Amount of Advance Received
Tax Rate & Tax Amount for CGST, SGST, IGST and Additional Tax
State Code

27. Invoice Level Information
Tax Deducted at Source
GST Law may provide for provisions relating to TDS on certain specified Supplies
In such case Tax Payer required to file TDS return
GSTIN/GDI of Tax Payer
GSTIN of Supplier
Invoice Number , Date and Taxable Value
TDS Certificate Number, Date and Amount
Rate & Amount of TDS for CGST, SGST and IGST

28. Invoice Level Information
Input Service Distributor (ISD)
GST Law may retain the concept of ISD
ISD would require to file monthly return
Details of ISD i.e. GSTIN, Name and Address
Details of Recipients i.e. GSTIN, Name and Address
Details of Inward Supply Invoices on the basis of which ITC is Claimed
Invoice or Documents details on the basis of which ITC is being distributed

29. NO REVISION OF RETURN IS ALLOWED
Revision of GSTR
NO REVISION OF RETURN IS ALLOWED
All unreported invoices of previous tax period would be reflected in the return for the month in which they are proposed to included.
Interest Applicable would be auto populated
All unrecorded invoices and ITC revision would be required to be corrected by issuing Debit / Credit Notes
All such Debit / Credit Notes would reflect in the return for the month in which adjustment carried out.
There would be separate table for adjustment for which Debit / Credit Notes are not required to be issued

30. Thank You
CA MILIND KALE