1. Returns under GST
Manoj Malpani CA, CMA

2. Why Returns..?? Mode for transfer of information to tax administration
To declare tax liability for a given period
Furnish details about the taxes paid in accordance with that return
Compliance verification program of tax administration
Providing necessary inputs for taking policy decision
Management of audit and anti-evasion programs of tax administration

3. Features of Tax Returns in GST
Based on transactions – Invoice based
Designed for system based matching of Input Tax Credit and other details (import, export etc.)
Auto-population from details of outward supplies
Auto-reversal of ITC in case of mismatch
Concepts of ledgers – cash, ITC and liability
No revised returns – changes through amendments to original details

4. Important Returns under GST

5. Returns and their due dates
GST FORM
PARTICULARS
Due Date
FORM GSTR-1
Details of outward supplies of goods or services
10th of subsequent month.
FORM GSTR-2
Details of inward supplies of goods or services
15th of subsequent month.
FORM GSTR-3
Monthly return
20th of subsequent month.

6. Auto Drafted Forms GST FORM PARTICULARS FORM GSTR-2A
Details of supplies auto drafted to the recipient
FORM GSTR-1A
Monthly details of inward supplies added, corrected or deleted by the recipient shall be made available to the supplier electronically

7. Details of outward supplies of goods or services
GSTR-1
Details of outward supplies of goods or services

8. GSTR-1 : Outward Supplies
Basic details of taxpayer like
GSTN
Legal Name
Trade Name
Aggregate Turnover in the preceding financial year
Aggregate Turnover – April to June 2017

9. GSTR-1 : Outward Supplies
Details of outward supplies bifurcated into
Invoice wise details for,
Inter-State and Intra-State supplies made to registered persons (All B to B transaction)
Inter-State supplies with invoice value more than 2.5 lakh rupees made to unregistered persons. (Interstate - B to C invoice value more than 2.5 Lacs)
Consolidated details for,
Intra-State supplies made to unregistered persons for each rate of tax; (Intra State : B to C supplies having invoice value upto 2.5 Lacs)
State wise inter-State supplies with invoice value upto 2.5 lakh rupees made to unregistered persons for each rate of tax; (Interstate : B to C invoice value upto 2.5 Lacs)

10. GSTR-1 : Outward Supplies
Debit and Credit Note details with reference to original invoice issued earlier.
Invoice wise details of Zero Rates supplies and Deemed Exports bifurcated into,
Physical Exports
Supplies to SEZ Unit / Developer
Deemed Export
Nil rated, exempted and non GST goods supplies
Interstate supplies to registered and un-registered person
Intra-state supplies to registered and un-registered person

11. GSTR-1 : Outward Supplies
Consolidated statement of Advances received and adjusted
HSN-wise summary of outward supplies
Details of documents issued during the tax period like
Numbers
Total quantity / number of documents issued
Number of Cancelled documents
Net document issued
Verification cum declaration and signature of the authorised signatory (Digital signature / E-aadhar based verification)

12. Details of outward supplies of goods or services
Format of GSTR-1:
Details of outward supplies of goods or services

13. GSTR-1 : Outward Supplies
Supplies made to registered person
Table 4
Supplies other than Reverse Charge & E-Com
Part : Table 4A
Supplies attracting reverse charge
Part : Table 4B
Supplies made through e-commerce
Part : Table 4C
Supplies made to un-registered person
Table 5 & 7
Invoice wise details for invoice more than 2.5 Lacs
Table 5
Summary of Statewise Sale / Tax Rate wise Sale
Table 7
Exports, Deemed Exports and SEZ
Table 6
Nil Rated / Exempted
Table 8

14. GSTR-1 : Outwards Supplies – Important Points
Table 3 : Turnover details will be auto-populated after first return.
Table 4 : Place of supply needs to be mentioned only if it is different from the location of the recipient
Table 5 : Place of supply is mandatory
Table 6 : In case of exports, GSTN will be blank
Table 6 : Shipping bill details not mandatory at the time of filing of return. It can updated later.
Table 6 : Shipping details to be mentioned in 13 digits: first 6 digit port code, next 7 digits SB number.

15. GSTR-1 : Outwards Supplies – Important Points
Table 9 : Details of debit / credit note pertaining to earlier period invoice also needs to be reported.
Table 11A : Reporting of advances required only in cases wherein Tax Invoice is not raised in the same tax period in which the advances are received.
Table 12: HSN wise summary mandatory for tax payers having turnover above 1.5 Cr. The HSN reporting mandatory as under,
upto 1.5 Cr : Not mandatory
More than 1.5 Cr but upto 5 Cr : 2 digits
More than 5 Cr : 4 digits

16. GSTR-1 : Outwards Supplies – Important Points
GSTR-2A: Based on information submitted in GSTR – 1, GSTR 2A (Auto-populated form) will get prepared by GST Network.
Refer Format of GSTR – 2A.

17. Details of inward supplies of goods or services
GSTR-2
Details of inward supplies of goods or services

18. GSTR-2 : Inward Supplies
Basic details of taxpayer like
GSTN
Legal Name
Trade Name
Table 3: Inward supplies received from registered person (other than reverse charge)
Invoice wise details auto-populated
Selection from one of the following option
Inputs
Capital goods
Ineligible
Exact of amount of input tax eligible to be mentioned (to be mentioned even though the amount of tax has been auto-populated).

19. GSTR-2 : Inward Supplies
Table 4: Inward supplies received on which tax to be paid under reverse charge
To accept the invoices only on the basis of time of supply.
Reverse charge details to be separately reported as,
Inward supplies from registered person attracting reverse charge
Inward supplies received from un-registered person
Import of services
Table 5: Input capital goods imported from outside India or SEZ
Bill of Entry wise Assessable value
13 digit BoE Number : first 6 digit port code, next 7 digits BoE number.
Selection for Inputs / Capital goods / Ineligible
Exact of amount of input tax eligible to be mentioned.

20. GSTR-2 : Inward Supplies
Table 6: Amendment to inward supplies details
Debit / Credit note for supplies other than imports and supplies from SEZ
Debit / Credit note for imports and supplies from SEZ
Table 7: Supplies received from below needs to be bifurcated into Intrastate and Interstate
Purchased from Composition dealer
Purchases of exempted goods
Purchase of nil rates goods
Non GST supplies

21. GSTR-2 : Inward Supplies
Table 8 : ISD Credit received
Not auto-populated
The recipient is required to re-determine the credit eligibility
Table 9: TDS and TCS Credit received (auto-populated)
Table 10: Consolidated statement of advances paid / adjusted
Table 11: Input tax credit reversal / reclaim

22. Details of inward supplies of goods or services
Format of GSTR-2:
Details of inward supplies of goods or services

23. GSTR-2 : Inward Supplies Important Points
Action to be taken on receipt of GSTR–2A
Accept
Reject
Modify
Keep transaction pending for action (if the goods / services have not been received)
Comment on eligibility of the credit –(Be careful: Refer ITC restriction under Section 17 (5))
HSN Reporting requirement same as per outward supplies.

24. GSTR-3
Monthly Return

25. GSTR-3 : Monthly Return Basic details of taxpayer like
GSTN
Legal Name
Trade Name
Part A : Auto Populated
Part B : Below details to be updated
Payment of tax by ITC and Cash
Details of Interest, Late fees payable and paid
Refund claimed from cash ledger

26. Format of GSTR-3:
Monthly Return

27. Why ITC Matching..

28. Post Return filing
Seamless availability of credit in one State of tax paid in another State
IGST Model
Credit of IGST paid in one State available for payment of local tax in another State – Central Government to transfer funds to State
Credit of local taxes paid in one State available for payment of IGST in another State – State Government to transfer funds to Centre
No Government can transfer funds unless collection of tax is ensured
But recipient have to be given an opportunity to claim ITC
ITC matching and auto-reversal is the workable solution

29. Late Fee

30. Late Fees Late fee for filing of returns other than annual return:
Fee Rs. 100 per day maximum upto Rs. 5000/- will be applicable for delay in submission returns (other than annual return).
Late fee for filing of annual return:
Fee Rs. 100 per day maximum up to 0.25% of aggregate turnover will be applicable for delay in submission annual return.

31. Post Return filing action

32. Post Return filing
System based notice in case of failure to file return
Non-filer assessment
Analysis of Returns
System based scrutiny
Scrutiny Assessments
Compliance verification

33. Manoj Malpani ACA, ACMA
Contact :