1. Public Awareness Seminar on GST
July 2, Sunday
@ Rajkot Branch of WIRC of ICAI By
CA. Abhishek Doshi
K S D & Associates
Rajkot | Gandhidham | Ahmedabad | Surat

2. GST in Hand ! K S D GST We Thought About ! One Nation Two Authorities
One Nation One Tax
Four Rates
Three Taxes
CA. Abhishek Doshi

3. Reverse Charge Mechanism
K S D
Reverse Charge Mechanism for Goods and Services both.
All supply of goods or services or both from unregistered person to registered will be covered under reverse charge mechanism.
Other categories of goods / services to be specified.
Not only purchases of goods but all the expenses debited to profit and loss account will be covered.
CA. Abhishek Doshi

4. Reverse Charge Mechanism
K S D
All small – petty expenses will be covered.
Compliance Problems.
Conversion of cash into credits.
Office Expenses, Travelling Expenses, Factory Expenses, Tea- Coffee Expenses, Labour – Carriage Expenses and many such expenses including capital expenditures.
Different Rates
Purchase Invoice
Exemption up to Rs. 5000/- per day
CA. Abhishek Doshi

5. Documents to be issued under GST
K S D
Document to be issued
When to issue
Tax Invoice for Outward Supplies of goods
Before or at the time of Supply
Tax Invoice for Outward Supplies of services
Before , after (within 30 days) or at the time of supply
Receipt Voucher on Advance Receipt
On receipt of Advances
Refund Voucher on return of advance received for supply
At the time of return of advance
Bill of Supply – when exempted goods / services are supplied or composition scheme is opted for
Same as 1 & 2 above
Supplementary Tax Invoices, Debit Notes & Credit Notes
As and when required
Payment Voucher
On Payment of supplies
CA. Abhishek Doshi

6. CA. Abhishek Doshi

7. K S D
ITC MATCHING & RETURNS
CA. Abhishek Doshi

8. Types of Returns K S D Type Return Due Date from the date of supply
GSTR - 1
Details of Outward Supply -
10th of next month
GSTR - 2
Details of Inward Supply –
15th of next month
GSTR - 3
Monthly Return
20th of next month
GSTR – 4
Quarterly Return for Composotion Tax Payers
18th of the month next to quarter
GSTR - 5
Periodic Return by Non resident Tax Payers
Last day of registration
GSTR - 6
Return of ISD
GSTR - 7
Return for TDS
GSTR - 9
Annual Return
31st December of next F.Y.
CA. Abhishek Doshi

9. Complex Compliance Requirements
K S D
Step 4 16
Step 1
GSTR-1A : The details of inward supplies added, corrected or deleted by the recipient shall be made available to the supplier 10
GSTR 1: Details of Outward supplies
Step 8 20
GSTR 3
Step 2 11
Step 5
GSTR-1: Details of Outward supplies of goods and/or services
GSTR 2A: Auto- populated in part A of the GSTR-2A of recipients 17
Step 3
Supplier will accept or reject the modifications
Part B of GSTR 3
GSTR 2: On the basis of above GSTR-2A, details of inward supplies added, corrected or deleted by recipient to be disclosed under GSTR-2, including RCM details
Step 7 15
Make Payment
Step 6 17
Part A of GSTR 3
GSTR-1 will be amended to the extent modifications are accepted by supplier. 20
Part A of GSTR 3
CA. Abhishek Doshi

10. K S D
GSTR 1
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11. Details of outward supplies (Section 37 )
Who shall furnish
Every RTP.
Exception: ISD, NRTP, RTP paying tax under Composition Levy, person deducting tax at source & person collecting tax at source
Form No.
In FORM GSTR-1
Due date
Up to 10th of the succeeding month.
Inclusions
- Details of invoices
- Debit Note
- Credit Note
- Revised Invoices
Rectification
- RTP shall rectify errors when it is noticed (but not later than earlier of September’s return or annual return)
- shall pay tax & interest
To recipient RTP
Details will be available to recipient RTP in Part A of Form GSTR-2A after 10th
CA. Abhishek Doshi

12. GSTR -1
K S D
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13. GSTR -1
All B2B Transactions
K S D
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14. GSTR -1
K S D
B2C Inter State Transactions Invoice value more than 2.5 Lakhs
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15. GSTR -1
K S D
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16. GSTR -1
All other B2C Transactions (including inter state below 2.5 Lakhs)
K S D
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17. GSTR -1
K S D
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18. GSTR -1
K S D
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19. GSTR -1
K S D
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20. Advance Receipt
GSTR -1
K S D
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21. GSTR -1
K S D
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22. GSTR -1
K S D
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23. K S D
GSTR 2
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24. Details of inward supplies (Section 38)
Who shall furnish
Every RTP.
Exception: ISD, NRTP, RTP paying tax under Composition Levy, person deducting tax at source & person collecting tax at source
Form No.
In FORM GSTR-2 on basis of alterations in Part A of FORM GSTR-2A
Due date
Up to 15th of the succeeding month.
Inclusions
Details of inward supplies, inward supplies taxable under RCM, inter state inward supplies, imports, Debit Notes, Credit Notes
Rectification
- RTP shall rectify errors when it is noticed (but not later than earlier of September’s return or annual return)
- shall pay tax & interest
Communication
Supplies altered by recipient shall be communicated to the supplier
Other inclusions
Details of Invoices by ISD, tax deducted at source by deductor, tax collected at source by e-commerce operator
CA. Abhishek Doshi

25. GSTR - 2
K S D
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26. GSTR - 2
K S D
Auto Populated + Claimed
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27. GSTR - 2
K S D
Reverse Charge
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28. GSTR - 2
K S D
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29. GSTR - 2
K S D
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30. GSTR - 2
K S D
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31. GSTR - 2
K S D
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32. GSTR - 2
K S D
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33. GSTR - 2
K S D
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34. GSTR - 2
K S D
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35. GSTR - 2
K S D
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36. GSTR - 2
K S D
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37. Levy of Late fees K S D Rs. 100/- per day, maximum up to Rs. 5000/-.
Late fees per return.
Rs. 100/- per day, maximum up to 0.25% of turnover in case of annual return.
CA. Abhishek Doshi

38. K S D
GSTR 3
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39. Monthly return (Section 39)
Who shall furnish
Every RTP.
Exception: ISD, NRTP, RTP paying tax under Composition Levy, person deducting tax at source & person collecting tax at source
Form No.
In FORM GSTR-3
Due date
Up to 20th of the succeeding month.
Inclusions
Part A – Electronically generated on basis of FORM GSTR-1, FORM GSTR-2, ECL1, ECL2, ETLR.
Part B – ITC availed, tax payable & tax paid.
Rectification
- RTP shall rectify errors noticed, other than during scrutiny, audit, etc in the period such errors are noticed (but not later than earlier of September’s return or annual return) & shall pay tax & interest
Refund
Refund of Electronic c ash ledger can be claimed in Part B of FORM GSTR-3
Other Provisions
- RTP shall pay the dues up to the due date.
- - NIL return also to be filed.
CA. Abhishek Doshi

40. GSTR - 3
K S D
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41. GSTR - 3
K S D
Table 3 to 11 auto populated
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42. GSTR - 3
K S D
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43. GSTR - 3
K S D
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44. GSTR - 3
K S D
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45. GSTR - 3
K S D
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46. GSTR - 3
K S D
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47. GSTR - 3
K S D
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48. GSTR - 3
K S D
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49. GSTR - 3
K S D
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50. GSTR - 3
K S D
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51. GSTR - 3
K S D
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52. GSTR - 3
K S D
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53. GSTR - 3
K S D
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54. GSTR - 3
K S D
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55. GSTR - 3
K S D
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56. GSTR - 3
K S D
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57. Matching & Reversal K S D
On filling of the return in GSTR-3, ITC shall be provisionally allowed as claimed in GSTR-3 and credited to the electronic credit ledger of such person.
ITC as claimed in GSTR-3 shall be finally allowed after matching of ITC as per the provision of sec.
If there is any duplicity in the claim of ITC or ITC as claim is not paid/less paid by the corresponding supplier then ITC claimed shall be reversed by such amount.
Such reversed ITC shall be allowed finally if corresponding amount of such reversed ITC is paid by corresponding/relevant supplier.
CA. Abhishek Doshi

58. Matching, Reversal & Reclaim of ITC
K S D
After due date of GSTR-3 (i.e. 20th of the following month) the ITC claimed by the taxable person shall be verified to match:
with the corresponding outward supply and/or debit note declared by the supplier in his valid return for the same or any previous tax period.
Additional Duty of Customs Paid u/s 3 of Customs Tariff Act, 1975
Duplication of claims
CA. Abhishek Doshi

59. K S D
When claim of ITC matched with the tax paid on corresponding outward supply declared by the supplier in his valid return, then such claim shall be finally allowed and communicated to the taxable person claiming such ITC.
If NOT MATCHED
CA. Abhishek Doshi

60. THEN discrepancy shall be communicated to BOTH such taxable persons
K S D
THEN discrepancy shall be communicated to BOTH such taxable persons
In case of Duplication of Claim
Communicated to Recipient
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61. K S D
Where the taxable person making the outward supply does not rectify the discrepancy communicated in his valid return for the tax period succeeding the period in which such discrepancy is communicated (in the Next month’s Return) to him. Then such uncorrected ITC shall be added to the output tax liability of the recipient/buyer and communicated.
Duplicate claims of ITC by recipient shall be communicated and added to output tax liability in his return for that month.
CA. Abhishek Doshi

62. Interest of default ???? K S D
A recipient whose output tax liability is increased shall liable to pay INTEREST at the rate specified u/s 50 (1) On amount so added From date of availing of credit Till addition is made under this provision If reduction in output tax liability accepted then interest paid shall be REFUNDED by crediting his corresponding Electronic Cash Ledger
CA. Abhishek Doshi

63. Sec 43 Matching of reduction by Credit Notes by supplier
K S D
The details of every CREDIT NOTES relating to outward supply by a taxable person for a tax period shall be matched
With corresponding reduction in claim of input tax credit by the recipient in his valid return of same tax period or subsequent tax period
For duplication of reduction in output tax liability.
MIRROR Provisions of Sec 42
CA. Abhishek Doshi

64. Key takeaways K S D Nil returns are required to be filed.
No outward supply between 11th to 15th of the month.
Recipient as well as Government chasing Vendor.
No revision of returns.
Amendment not possible in matched credit.
Rectification not possible in same month.
Each item of Profit & Loss Account will be covered.
CA. Abhishek Doshi

65. (for any queries you may write @ adoshi@ksdassociates.com
Thank you…..
(for any queries you may
or )
CA. Abhishek Doshi