1. Payments & Returns under GST
Accounts, E-Way bills
Payments & Returns under GST
Kush Vora
Kalyan- Dombivli Branch of WIRC of ICAI
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2. 1. Accounts and Records
Separate
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3. Accounts & Records.. E.g. Invoices Bill of supply Delivery challans
Production or manufacture of goods
Inward & outward supply of goods & service both
Stock of goods
Input tax credit availed
Output tax payable and paid
E.g.
Invoices
Bill of supply
Delivery challans
Credit notes
Debit notes
Receipt vouchers
Refund vouchers
E-Way bills
Subodh Vora & Co., Chartered Accountants. All rights reserved

4. ..Accounts & Records (Other Points)
1. Accounts of additional place to be kept at respective places in addition to principal place of business
2. Accounts maintainable even in electronic form as may be prescribed
3. Accounts to be audited by Chartered Accountant or Cost Accountant if TO exceeds prescribed limit
4. Accounts to be retained till 72 months from due date of filing of annual return i.e. effectively 6 year 9 months .
5. In case of pending appeal, revision, etc till 1 year after disposal of case
Subodh Vora & Co., Chartered Accountants. All rights reserved

5. ..Accounts & Records (Other Points)
6. Accounts to be maintained separately for trading, manufacturing and services
7. Monthly production accounts showing quantitative details of RM, services ,etc
8. Agents to maintain specific accounts such as authorization papers, accounts furnished to principal, etc
9. Works contractor- Separate account for each WC and as prescribed
10. Godown operator/ transporters- Stringent provisions
Subodh Vora & Co., Chartered Accountants. All rights reserved

6. 2. E-Way Bill
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7. PROCESS OF E-WAY BILL
Every supplier whose consignment value > 50,000
Before commencement of movement- part A of E-Way Bill
If goods sent through transporter, he has to file part B of E-Way bill
Unique E-Way Bill No. to be provided to supplier, transporter & recipient
Recipient to communicate acceptance or rejection within 72 hours
If no reply filed, deemed to be accepted]
Subodh Vora & Co., Chartered Accountants. All rights reserved

8. OTHER POINTS (E-WAY BILL)
Multiple consignment in one truck- Consolidated E-Way Bill
Cancellation of E- Way bill provided
Copy of E-Way bill along with invoice copy to be carried by transporter
Facility of linking E-Way bill to RFID also provided
Proper officers to be empowered to verify E-Way Bill for all inter state and intra state movement of goods. Inspection report also to be uploaded.
Subodh Vora & Co., Chartered Accountants. All rights reserved

9. Subodh Vora & Co., Chartered Accountants. All rights reserved
VALIDITY OF E-WAY BILL
Sr. No.
Distance
Validity period 1.
Less than 100 km
1 day 2.
100 km – 300 km
3 days 3.
300 km – 500 km
5 days 4.
500 km – 1000 km
10 days 5.
1000 km or more
15 days
Subodh Vora & Co., Chartered Accountants. All rights reserved

10. 3. Payments under GST
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11. “ELECTRONIC CASH LEDGER
Debit
Credit
Payment of liability
TDS liability
TCS liability
RCM liability
XXX
Cash Payment/ NEFT/ RTGS/ETC XXX
Subodh Vora & Co., Chartered Accountants. All rights reserved

12. “ELECTRONIC CREDIT LEDGER
Debit
Credit
Payment of liability XXX
Refund of unutilized credit XXX
ITC claimed as per return XXX
Subodh Vora & Co., Chartered Accountants. All rights reserved

13. AVAILMENT OF INPUT TAX CREDIT
ITC
CGST
IGST
SGST
AVAILMENT OF INPUT TAX CREDIT
Subodh Vora & Co., Chartered Accountants. All rights reserved

14. ELECTRONIC TAX LIABILITY LEDGER
Debit
Credit
Tax, Interest, Late fees payable as per return
Tax, interest, penalty as determined by proper officer in any proceedings
Tax and interest payable due to mismatch
Interest from time to time
XXX
Payment by Electronic Credit Ledger
Payment by Electronic Cash Ledger
Any relief given by Appellate Tribunal or court
Subodh Vora & Co., Chartered Accountants. All rights reserved

15. 4. Returns and matching
under GST
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16. RETURN PROCESSES Return Form Type of Return Time Limit
Total Returns per year
GSTR-1
Outward Supplies
10th of Next Month 12
GSTR-2
Inward Supplies
15th of Next Month
GSTR-3
Main Return
20th of Next Month
GSTR-4
Quarterly return (Composition)
18th of next quarter 4
GSTR-6
Input Service Distributor
13th of Next Month
GSTR-7
TDS Return
E-Commerce Operator
To be prescribed 1
GSTR-8
Annual Return
31st December following F.Y.
Subodh Vora & Co., Chartered Accountants. All rights reserved

17. MATCHING CONCEPT 15th- GSTR 2 (Final Inward supply) 10th- GSTR 1
(Outward Supply)
11th- GSTR 2A
(Draft Inward details)
Auto populated
Omission or correction
Auto
populated
MIS 1
Mismatch report
20th- GST 3
(Main return)
16th- GSTR 1A
Final matching
Accept or reject changes & modify GST 1
Subodh Vora & Co., Chartered Accountants. All rights reserved

18. Subodh Vora & Co., Chartered Accountants. All rights reserved
MATCHING CRITERIA
GSTIN of supplier
GSTIN of recipient
Invoice/ debit note number
Invoice/ debit note date
Taxable Value
Tax amount
Subodh Vora & Co., Chartered Accountants. All rights reserved

19. THANK YOU Partners Subodh Vora Kush Vora Bhakti Vora
M: | E:
Kush Vora
M: | E:
Bhakti Vora
M: | E:
D-723/ 724, Neelkanth Business Park, Vidyavihar (West),
Mumbai
| |