GoodsandServicetax

Returns

LIABILITYTOFILERETURN

Every registered dealer is required to file a return for the required tax period

Return would be filed even if there is no business activity during the said tax period

UN agencies would not file regular return but will file a simpler return for the month when purchases will
be made by submitting purchase statements (without invoices), as per the periodicity, to claim refund

Government entities/ PSUs etc. (not dealing in GST supplies or persons exclusively dealing in exempted/
Nilrated/ NonGST goods or services would neither be required to obtain registrations nor file returns

ANIKETRASTOGI,ADVOCATE

FORMSANDPERIODICITYOFRETURNS
FORM

PURPOSE

TOBEFILEDBY

CUTOFFDATE

GSTR 1

OutwardSupplies madebytaxpayer

Normal/Regular/Casualtaxpayers 10th ofnextmonth

GSTR2

Inwardsuppliesmadebytaxpayer

Allotherthan compounding
taxpayerandISD

15th ofnextmonth

GSTR 3

MonthlyReturn

Allotherthan compounding
taxpayerandISD

20th ofnextmonth

GSTR4

QuarterlyReturn

Compoundingtaxpayer

18th ofthemonth
succeedingthequarter

GSTR5

PeriodicReturn

NonresidentForeignTaxpayer

LastDayofRegistration

GSTR6

ReturnforInputServiceDistributer

Input ServiceDistributor

15th ofnextmonth

GSTR7

ReturnforTaxDeductedatSource

TaxDeductor

10th ofnextmonth

GSTR8

AnnualReturn

AllNormal/Regulartaxpayers

31st DecemberofnextF.Y.

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RETURNFILING

Returns to be filed at GST common portal by the taxpayer or his authorized representative by logging
into his account using the user ID and password generated after a successful registration under GST

Filing could be done directly through the portal or through third party softwares, developed by various IT
companies, which will interact with the portal

The portal will provide a form generation utility that can be downloaded for preparation of offline return
and for conducting the arithmetic checks before uploading

No documents would be required to be uploaded along with the return

A ledger of the taxpayer would be maintained at the portal providing information of the tax deposited,
ITC, tax liability, refunds, interest on delayed payments, tax dues, excess payment on any given date,
penalty for legal defaults, tax demands as per adjudication/appellate orders etc.

Returns can also be filed through Tax Return Preparer (TRP) or Facilitation Centers (FC) registered and
approved with the respective State/CBEC
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RETURNFILING

TRPs and FCs will be provided separate User IDs and Passwords aiding in uploading of return on behalf
of taxpayer

Once uploaded, an Email and SMS shall be generated by the system and sent to the taxpayer containing
details of return

On Email generated, the return shall be submitted by the taxpayer by clicking on the link, provided there.
On SMS generated, the taxpayer would have to reply yes or no to submit or deny submission

Provision of digitally signing the return to be provided as well to do away with the process of printing
acknowledgment and dispatching it to the respective department

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PROCEDURE
1

Taxpayer will upload return in GSTR1 by 10th of succeeding month. Any increase or decrease of invoices would
be allowed within a period of 7 days, only on the basis of details uploaded by counter party purchaser in GSTR2

GSTN will autodraft the provisional GSTR2 of purchasing taxpayer based on the supply invoice details reported
by counterparty supplier on a near real time basis

Purchasing taxpayer can accept/reject the autodrafted provisional GSTR2 or download and amend the same
offline

Purchasing taxpayer can add additional purchase invoices in GSTR2 incase they are not uploaded by the counter
party supplier, provided he has a valid invoice

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PROCEDURE
5

Taxpayers can reconciliate inward supplies with counter party supplier during the next 7 days by following up
with their counter party for any missing invoices in GSTR1 and prompt them to accept the version uploaded by
purchasing taxpayer. All invoices would be autopopulated in ITC ledger of taxpayer

Taxpayers will finalize their GSTR1 and GSTR2 using online facility and will then generate their tax liability after
verifying their ITC eligibility and adjustments. All details will get autopopulated in GSTR3 return

Taxpayers will pay the tax, interest and penalty amount as shown in draft autogenerated GSTR3 return

Taxpayer will debit the ITC and cash ledgers, mention the debit entry no. in GSTR3 return and submit the same

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ACKNOWLEDGMENT
Filing of Return other than using Offline Tools

An acknowledgment will be generated on uploading of return

Filing of Return using Offline Tools

Acknowledgment will be generated later after due verification of details like the carry forward cash as per
personal ledger, ITC, tax payment details etc.

Initially transaction ID confirming receipt of data will be conveyed

Final acknowledgment receipt would be generated after verification and will lock the transaction ID

The acknowledgment would contain: (i) return acknowledgment number with date and time
(ii) transaction ID with data and time (iii) GSTIN of taxpayer (iv) Relevant tax period details (v) Gross
supplies, taxable supplies and tax paid/ refund claimed
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PROCESSINGOFRETURN

Once return is uploaded onto the GST common portal and acknowledged, it will be sent to the respective
Centre or State Authority through the established IT interface

ITC claim would be confirmed to the purchasing taxpayer where the invoices are correctly matched after
20th day of the month succeeding the month of tax period, provided the supplier taxpayer has uploaded
valid details in his return

Macro results would be communicated to the taxpayer through Email/SMS. Details would also be
available on the dashboard/ledger of the taxpayers account

In the event of mismatched invoices, ITC reversals shall be autopopulated in the taxpayers account in the
return for the 2nd month after filing of return for a particular month

Cross credit utilization of IGST and SGST would be aggregated and settlement instructions based on
IGST model would be generated. This is proposed to be done basis dealerwise details, since the
administrations follow on activities will be dependent on the detailing
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REVISIONOFRETURN

No revision of return

Unreported invoices would be reflected in the return for the month in which they are proposed to be
reported

Underreporting to be corrected by issuing credit/debit notes which will be reflected in the month in
which such adjustments are carried out.

Credit/debit notes will have a mention of respective original invoice to facilitate easy linking

Format of credit/debit notes would be like that of an invoice

Separate tables to be provided in the returns for reflecting those adjustments for which credit/debit notes
are not required to be issued. Interest, if applicable, would be autopopulated

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NONFILING/LATEFILING/SHORTFILING

In case of nonfiling or late filing, a defaulter list would be automatically generated by the IT system and
will be communicated to the respective GST Authorities for necessary enforcement and follow up action

GST common portal would autogenerate and send notices, via Email and SMS, to the defaulters

Details of the nonfilers will be made available on dashboard of the Jurisdictional Officers. The
Jurisdictional tax Authorities can dispatch hard copies of the same notices to the defaulters

There might also be an imposition of automatic late fees on nonfilers/ late filers

Late filing would be permitted on payment of late fees only

In case of short payment of tax, the return would be allowed to be uploaded but would be invalid

Invoice matching and intergovernment fund settlement would occur only after full tax payment

Short payment would be prompted at the time of generation of unique identity number at the time of
uploading of return
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RETURNFORCASUAL/NONRESIDENTTAXPAYER

GSTR1, GSTR2 and GSTR3 would be filed for the registration period within a period of seven days after
the registration expiry date

Where registration period is for more than one month, monthly returns would be filed and thereafter
return for the remaining period would be filed within seven days as stated earlier

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11

ANNUALRETURN

All normal taxpayer would be required to submit annual return in Form GSTR8 to provide an overall view
of the transactions done during the relevant year

The return would provide reconciliation of the returns and would be supported by audited financial
statements of the taxpayer

It would capture details of all income and expenditure, pending tax arrears, details of refund claims
pending, reconciliation of the monthly tax payments and regroups them in accordance with the monthly
returns filed thus providing an opportunity to make good for any short reporting in the monthly returns

Separate reconciliation statement, duly certified by a Chartered Accountant would have to be filed by
taxpayers eligible to get their accounts audited under Section 44AB of Income tax Act, 1961

Consolidated statement of purchases and sales, basis his monthly returns, can be made available on
GSTN to facilitate a taxpayer prepare his Annual return

ANIKETRASTOGI,ADVOCATE

12

TAXDEDUCTEDATSOUCE(TDS)

GST law may provide for TDS provisions for certain supplies of goods and services made to specified
categories of purchasers who will be required to deduct a certain percentage of tax from the payments
made to the suppliers

TDS return will reflect:

GSTIN/GDI of Deductor
GSTIN of deductee
Invoice no. with date
TDS certificate no. with date and amount
Taxable value
TDS rate and amount for IGST, CGST and SGST, as applicable

ANIKETRASTOGI,ADVOCATE

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INPUTSERVICEDISTRIBUTOR(ISD)

Concept of ISDs would be retained

ISDs would be required to file a monthly return furnishing:

Details of ISD (GSTIN, name, address)

Details of recipient (GSTIN, name, address)
Details of inward supply invoices on the basis of which ITC is claimed
Invoice/Document no. with date and amount of IGST, CGST, SGST credit, as applicable, being distributed

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TAXABILITYONADVANCESRECEIVED

Point of taxation rules would be devised to provide for tax incidence

If tax is to be paid on advance payment against future supply of goods/services then the taxpayer might
have to furnish:

Details of customer (GSTIN, UID, GDI, Name)

State code
HSN code for goods/ Accounting code for services
Amount of advance received
Tax rate and tax amount (CGST and SGST/IGST and additional tax)

ANIKETRASTOGI,ADVOCATE

15

COMPONENTSOFRETURNS(GSTR1)
GSTR1 : Return for Outward Supplies made by Taxpayer

Basic details of Taxpayer (Name along with GSTIN) and Tax Period

Gross turnover in previous year (to be filled in first year and will be autopopulated in subsequent years)

Final Invoice level supply information to be declared separately for goods and services and as under:
AllB2Bsupplies(interstateorintrastate)

Invoicelevelspecifieddetailswillbeuploaded

AllinterstateB2Csupplies(invoicevaluemorethan2,50,000)

AllsuchInvoicedetailstobefiled

AllinterstateB2Csupplies(invoicevaluebetween50,000 2,50,000)

Statewisesummaryofinterstatesupplytobefiled

AllinterstateB2Csupplies(invoicevaluelessthan50,000andaddressof
buyeronrecord)

Statewisesummaryofinterstatesupplytobefiled

AllinterstateB2C supplies(invoicevaluelessthan50,000andaddressof
buyernotonrecord)

To betreatedasintrastatesupply

Allintrastate B2Csupplies

Consolidated salesdetailstobeuploaded
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COMPONENTSOFRETURNS(GSTR1)

HSN code for goods and Accounting code for services to be captured in invoice

HSN code (4digit) for goods and Accounting code for services will be mandatory for all taxpayers with
previous year turnover in excess of Rs. 5 crores (For first year, previous year turnover to be declared by
the taxpayer and for subsequent years itll be autopopulated)

HSN code (2digit) would be mandatory for taxpayers with previous year turnover between Rs. 1.5 crore
and Rs. 5 crore (For first year itll be kept optional)

Any taxpayer, irrespective of his turnover may use HSN code at 6digit or 8digit level, if so desired

Initially, compounding dealers may not specify HSN at 2digit level also

Prescribed accounting code mandatory for services for which place of supply rules on nature of services
to apply the destination principle, irrespective of turnover

HSN code (8digit) and Accounting code mandatory for exports and imports of goods or services
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COMPONENTSOFRETURNS(GSTR1)

HSN code and Accounting code will apply on all B2B supplies and B2C supplies (taxable value per invoice
is in excess of Rs. 2.5 lakh)

Only HSN and Accounting codes will be filled in the return and not the description of goods/ services

Taxpayers with turnover less than Rs. 1.5 crores will mention description of goods/services, wherever
required

To differentiate between HSN and Accounting code the latter would be prefixed with s

Destination State to be mentioned in supply information if recipient is located in a different State

Details of supplies attracting reverse charge

Details of advance received against a future supply of goods/ services as per GSTPoint of Taxation rules

Details of taxes already paid on advance receipts for which invoice is issued in current tax period
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COMPONENTSOFRETURNS(GSTR1)

Details of supplies exported (including deemed exports) whether with or without payment of IGST

Details of revisions of outward supplies invoices pertaining to previous tax periods including details of
credit/ debit note, differential value impact, concomitant tax payable or refund/ tax credit sought

Separate table for effecting modifications/ correcting errors in returns submitted earlier

Separate table for submitting details of Nil rated/ Exempted and NonGST outward supplies (interstate
and intrastate) to registered taxpayers and consumers

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19

COMPONENTSOFRETURNS(GSTR2)
GSTR2 : Return for Outward Supplies made by Taxpayer

Basic details of taxpayer (GSTIN, name, address) and Tax period

Final invoice level inward supply for goods and services separately

Information supplied in GSTR1 by counter party supplier will be autopopulated in relevant fields in
GSTR2 which may be modified, if the information supplied in GSTR1 is not correct

Separate tables to submit details of import of goods/capital goods/services received from outside India

On submission of return details of inward supplies will be autopopulated in ITC ledger. The taxpayer will
select the invoice details regarding ineligibility and eligibility of ITC

Separate tables for submitting details of ITC received on invoices and invoices on which partial ITC credit
has been availed earlier

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20

COMPONENTSOFRETURNS(GSTR2)

Appropriate field to capture information regarding availment of ITC on capital goods over a period of
time from date of accountal of goods in books of accounts (Eg: Upto 2 years in 2 equal installments)

If inputs are procured in one lot then ITC will be allowed in the relevant period

If inputs, covered by one invoice, are procured in more than one lot spread over a period of months, then
ITC will be allowed in the return period when the last purchase is recorded

Separate table for submitting details of revisions in relation to inward supply invoices pertaining to
previous tax periods capturing credit/debit notes issued by the suppliers and the differential value impact

Separate table for modifying/correcting errors in returns filed and submitted earlier

Separate table for submitting details of Nil rated/exempted/NonGST inward supplies (both interstate
and intrastate) including those received from compounding taxpayers and unregistered dealers

Separate tables for ISD credit and TDS credit received by taxpayer
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21

COMPONENTSOFRETURNS(GSTR3)
GSTR3 : GST Return

Basic details of taxpayer (Name, address, GSTIN) and Tax period

Turnover details including Gross turnover, Export turnover, Exempted domestic turnover, Nil rated
domestic turnover, NONGST turnover, Net taxable turnover

Final inward and outward supplies (autopopulated from GSTR 1 and GSTR 2)

Separate tables to calculate tax on GSTR1,GSTR 2 and based on details in GSTR3 return

Separate table for TDS credit received which has been credited to cash ledger

Details on revision of invoices relating to inward and outward supplies

Information about ITC ledger, Cash ledger and Liability Ledger, updated on real time basis

Details of other liabilities (Interest, Penalties, Fee etc.)

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22

COMPONENTSOFRETURNS(GSTR3)

Tax liability under CGST, SGST, IGST and Additional tax

Details of ITC adjustment against tax liability and net tax payable under each head (SGST, CGST, IGST
and Additional tax)

Details of tax payment under each head (SGST, CGST, IGST and Additional tax, Interest, Penalty, Fee etc.)

Details of other payments (Interest, Penalty, Fee etc.) autopopulated from debit entry in cash ledger

Details of ITC balance at the end of tax period and where output tax is less than input tax the taxpayer
would be eligible for refund

Separate field to claim refund by mentioning details and providing all account numbers as mentioned at
time of registration

Details of cash balance (CGST, SGST, IGST and Additional tax) in personal ledger at the end of tax period
(autopopulated irrespective of return filing mode)
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23

COMPONENTSOFRETURNS(GSTR3)

The return will not contain any information regarding quantity of goods and same shall be disclosed in
Annual Return (GSTR8)

Return would be entirely or mostly autopopulated through:

GSTR1 (Return of counter party suppliers)

GSTR2
GSTR6 (Return of Input Service Distributer)
GSTR7 (Return of counter party tax deductor)
Own ITC ledger
Own cash ledger
Own tax liability ledger

ANIKETRASTOGI,ADVOCATE

24

COMPONENTSOFRETURNS(GSTR4)
GSTR4 : Quarterly Return for Compounding Taxpayers

Details of total value of supply made and tax paid at a compounding rate

Will declare invoice level purchase information (autodrafted from information provided by counter party
supplier)

Details of goods and services imported from outside India

Compounding taxpayers will also be eligible to export goods and services outside India

Can purchase tax paid supplies or from unregistered dealers and pay tax on reverse charge basis

ANIKETRASTOGI,ADVOCATE

25

COMPONENTSOFRETURNS(GSTR5)
GSTR5 : Return for NonResident Foreign Taxpayer

To be filed for the registration period

To be filed within a period of 7 days from the date of expiry of registration

If the registration duration is for more than 1 month then monthly returns to be filed and for the
remaining period return would be filed within 7 days time, as stated earlier

ANIKETRASTOGI,ADVOCATE

26

COMPONENTSOFRETURNS(GSTR6)
GSTR6 : Return for Input Service Distributer

Basic details of Taxpayer (GSTIN, name, address) and Tax period

Final invoice level inward supply information pertaining to the tax period separately for goods and
services on which ITC is claimed. This would also be autodrafted basis the information by counter party
supplier and the missing invoices could also be added to the information

Details of invoices along with GSTIN of receiver of credit

Their will be separate ISD ledger that will autopopulate:

Opening ITC (from previous return)

Credit of ITC
Debit of ITC
Reversal of ITC
ITC distributed
Closing balance of ITC
ANIKETRASTOGI,ADVOCATE

27

COMPONENTSOFRETURNS(GSTR7)
GSTR7 : TDS Return

Basic details of taxpayer (GSTIN, name, address) and Tax period

Details of GSTIN of supplier along with invoices against which tax has been deducted and tax deducted
against each major head (CGST, SGST and IGST)

Details of other payments (interest/penalties/fee/others). This will be autopopulated from debit entry
cash ledger

ANIKETRASTOGI,ADVOCATE

28

THANKYOU
By
ANIKETRASTOGI
ADVOCATE