Contents Purpose of filing returns Key Highlights of Draft Goods and Services Tax Return Rules List of Returns Return formats Manner of furnishing details of outward supplies Manner of furnishing details of inward supplies Manner of furnishing return by a regular person Manner of furnishing return by other persons Matching of returns and communication of ITC mismatches

01 02 03 04 05 Purpose of filing returns Mode for transfer of information to tax administration 02 Compliance verification program of tax administration 03 Finalization of the tax liabilities of a taxpayer For a specified period 04 Providing necessary inputs for taking policy decision 05 Management of audit and anti-evasion programs of tax administration

01 04 02 05 06 03 Key Highlights of Draft GST Return Rules Number of Forms 20 different forms for a taxpayer (Form GSTR-1 to GSTR-11) 7 separate forms for Tax Return Preparer (Form GST-TRP-1 to GST-TRP-7) ITC Mismatch Returns A new GST Return for, Communicating input tax credit (ITC) mismatches Final acceptance of ITC, Mismatches adding to the output liability etc. 01 04 Multiple Returns Separate GST Return forms for Outward supplies Inward supplies Consolidated return / final return 02 Annual Return / Audit Mandatory annual return for all registered person Requirement of CA Certified audit report if turnover > INR 1 Crore 05 Different returns for different class of persons Normal taxable person Compounding dealers Non-Resident taxable person Persons required to deduct or collect tax at source etc. Reconciliation Statement A Reconciliation Statement to be certified under Section 42 of Model GST Law in Form GSTR 9B 06 03

List of Returns

List of Returns Return formats

Manner of furnishing details of outward supplies 10th Outward supplies effected during a tax period Outward supplies effected during an earlier tax period (on account of errors / omissions) GSTR-1 Step 1 10th Details of outward supplies of a supplier to be made available to the recipient in Part A of FORM GSTR-2A Step 2 Step 3 Recipient to add, correct or delete the details of inward supplies in his FORM GSTR-2 or FORM GSTR-4 Such addition / deletion to be made available to the supplier in FORM GSTR-1A Step 4 Supplier to either accept or reject the modifications made by the recipient Step 5 Furnishing of GSTR-1 (with amendments to the extent of modifications accepted by the supplier) Step 6

Manner of furnishing details of inward supplies Details received from Supplier Details received from ISD Details received from tax deductor Details received from tax collector GSTR-1 GSTR-6 GSTR-7 GSTR-8 A A A A Part A Part B Part C Part D Assesse should prepare GSTR-2 from GSTR-2A with any changes as suggested by his records as compared to Auto populated GSTR-2A GSTR-2A A GSTR-2 Auto-populated details

Manner of furnishing return by a regular person Form GSTR-3 is divided in two parts as shown below; 15th GSTR-2 Electronic Credit Ledger 10th Part B of GSTR-3 consist of tax liability for the month. Every taxable person is required to discharge the liability as contained in part B of form GSTR-3 GSTR-1 Electronic Cash Ledger Part A of GSTR-3 Part B of GSTR-3 Consolidated Form GSTR-3 20th

Manner of furnishing return by other persons 31st Dec GSTR-4 (Quarterly Return) GSTR-9 (Annual Return. Reconciliation between turnover as per GST and books of A/c) Compounding Dealers All assesses other than compounding dealers 20th GSTR-5 (Return also to be filed within 7 days of expiry of registration) 31st Dec Non-Resident Taxable Person GSTR-9A (Annual Return. Reconciliation between turnover as per GST and books of A/c) For compounding dealers GSTR-10 (Filed within 3 months from date of cancellation order or date of cancellation whichever is later) Person who applies for cancellation 31st Dec GSTR-9B (Audited Annual Accounts along with Reconciliation Statement) For taxable persons if Turnover > 1 crore GSTR-11 (For claiming refund of taxes paid on inward supplies) UIN holders e.g. UN bodies, Embassies

Matching of Returns and Communication of Mismatches GSTR-3 Filed By Supplier GSTR-3 Filed By Recipient Credit Granted on Provisional Basis Matching of Returns by GSTN Steps to be taken by a taxpayer Steps to be taken by GSTN Whether there is a mismatch? ITC to the extent of matched credit No The recipient shall be eligible to reduce the amount added earlier from his output tax liability Yes Mismatch Communicated to Supplier and Recipient in GST ITC-1 If Supplier declares the details of the invoice and/or debit note in his valid return within the time specified in sub-section (7) of section 27. Discrepancy to be Resolved By Supplier/Recipient Discrepancy Resolved? ITC to the extent of discrepancy resolved Difference Shall be added to recipient’s liability in GSTR-3 of succeeding month. Interest shall also to be paid. Yes No

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