2. Monthly Return Filing Process
Step 4
Step 1
GSTR-1A : The details of inward supplies added, corrected or deleted by the recipient shall be made available to the supplier 16 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 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 URD-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

3. Monthly Return Process : Caveats
No Revised Return permitted
Rectifications permitted in subsequent cycles only
No rectification permitted for matched transactions – Section 37(3)
Locking of GSTR1 between 10th and 15th – Proviso to Section 37(1)
Transition Relaxation
GSTR 3B in addition to GSTR 3 for July and August 2017
TRAN-1 to be preponed for utilization of credit
Understanding the broad contents…

4. Broad Contents of GSTR Returns
GSTR1 : Outward Supplies
B2B – Line Level Upload
B2CIL – Line Level Upload
Others – Aggregate Upload (Rate/POS)
GSTR2 – Inward Supplies
B2B (RD) including RD_RCM – Line Level Upload (Matching Process)
B2B (URD_RCM) – Line Level Upload (Entry Process) – Proviso to Rule 46 permits a consolidated invoice
Others - Aggregate

5. GSTR1 GSTR2 GSTR3 1A 2A 4. B2B 3. B2B 3. Turnover of outward supplies
5. B2CIL
6. Zero Rated
7. B2CS (Net of CN)
8. Nil/Exempt/Non GST
9. Amendments (incl CN) 4-5-6
10. Amendments 7
11. Advances
12. Document Summary
13. HSN Summary
GSTR2
3. B2B
4. RCM
5. Imports
6. Amendments
7. Composition/Exempt/Non GST
8. ISD Credit
9. TDS/TCS Credit
10. Advance RCM
11. ITC Reversal/Reclaim
12. Output Tax Addition/Reclaim
GSTR3
3. Turnover of outward supplies
4. Breakup of Taxable Outward Supplies
5. RCM
6. Input Tax Credit
7. Output Tax Adjustments
8. Tax Liability (Total)
9-15 Payments and Adjustments
1A A

6. Input Credit Matching VENDOR VENDOR’S UPLOADING PROCESS
VENDOR’S SYSTEMS
VENDOR’S UPLOADING PROCESS
GST-N
SERVER
CUSTOMER
CUSTOMER’S SYSTEMS
CUSTOMER’S UPLOADING PROCESS

7. Systems Perspective : What to connect
Front End /POS/ Invoicing
Back End/ Accounting/Financial
GST-Network

8. Setting Digital Strategies
Front End
Invoicing or POS
Financial Systems
ASP
GSP
GSTN
Is the flow at aggregate or transaction level? If aggregate, may not be able to generate GSTR1
Needs to be GST Compliant
HSN/GST Calculations
Do you need one?
What are the value added services offered by him?
What are the SLA?
Will he have bandwidth?
Understand the niceties of the system

9. Unilateral Errors and Rectifications..
An invoice 1 is issued in the name of ABC Limited . Immediately on issuance of the invoice, it is realized that the invoice is wrongly issued. But system does not permit cancellation of invoices. So a credit note 1 issued in the name of ABC Limited and another invoice 2 is issued in the name of PQR Limited
Should Invoice 1 be uploaded?
Should Credit Note 1 be uploaded?
Should Invoice 2 be uploaded?

10. Mandatory Documents under GST Law
Purpose
When to issue
Tax Impact
Tax Invoice for Supply of Goods / Services
For supply of taxable goods/services
At or before removal of goods.
Within 30 days of provision of service
Tax Liability is created
Bill of Supply
For supply of exempted goods/services OR supply of taxable goods/services under Composition Scheme
As above
Tax Liability is created in case of composition
Receipt Voucher
For receipt of advance against taxable supplies
At the time of receipt
Tax Liability is added
Refund Voucher
For refund of advances against taxable supplies
At the time of refund
Tax Liability is reduced

11. Mandatory Documents under GST Law
Purpose
When to issue
Tax Impact
Debit Notes
Increase in Value / Tax
As and when required
Increase in Tax Liability
Credit Notes
Decrease in Value / Tax
Deficiency in Service
Goods Rejection
Before September following the financial year of supply
Decrease in Tax Liability
ISD Invoice
Distribution of Credit
Delivery Challan
Transportation of Goods without invoice
At the time of removal of goods
Generally no tax impact
Self Generated Invoices
Procurement of Taxable Goods or Services from Unregistered Dealers
At the time of receipt of goods/services
Consolidated monthly invoice permissible
Liability to be created as per time of supply (30/60 days criteria)
Payment Voucher
Payment to Unregistered Dealers
At the time of payment
Liability to be created as per time of supply

12. Document Control and Tagging
Formats and numbering logic prescribed for each of these documents
Business Case may require documents in other cases as well
Delayed Credit Notes
Transition Credit Notes
Debit Notes to Suppliers
Delivery Challans in cases where transportation is against a supply
Receipt/Payment Vouchers
GSTN will not recognize any other document – Need for Reconciliation
Documents to be uploaded in GSTN as well in financial systems
Documents to be uploaded in GSTN and appearing in financial systems but not impacting financial results
Documents to be uploaded in GSTN but not appearing in financial systems
Documents not to be uploaded in GSTN but appearing in financial system
Timing Differences

13. Input Credit Matching vis-à-vis ABC Limited
VENDOR
VENDOR’S SYSTEMS
VENDOR’S UPLOADING PROCESS
GST-N
SERVER
CUSTOMER
CUSTOMER’S SYSTEMS
CUSTOMER’S UPLOADING PROCESS

14. Invoices : Care to take…
Unilateral Errors and Cancellations
Error Resolution through GSTR1A
Already matched erroneous invoices on GSTR Portal
Incorrect tagging / non tagging of RCM
Wrong Amounts populated
Delayed identification of B2B Nature of transaction

15. Credit Notes: Care to take
Distinction between B2B and B2C (Role of netting out)
All credit notes will not be recognized
Delayed Credit Notes
Post Supply Discounts
Unilateral Credit Notes
Transition Credit Notes
Acceptance of credit note by customer – dependency
Goods Rejection during transition period – no credit note but a sale invoice to be raised – Proviso to Section 142(1)

16. Reconciliations Turnover Financials Sales Revenue GSTR
Outward Supplies
Adjustments
Inventory
HSN Summary