Overview of filing return under GST

1. Overview of Filing Return
Under GST
Presented By – Indirect Tax Vertical
Asija & Associates LLP | Chartered
Accountants
|Lucknow | Gurgaon| www.asija.in
M/s Asija & Associates LLP, Chartered

2. Table of Contents
 Basic features of return filing under GST
 Time period of filing return
 List of GST returns
 Manner of furnishing details of outward & inward supplies
 Manner of submission of monthly return
 Matching of claims of Input Tax Credit & of reduction in Output Tax Liability
 Final return & levy of late fees
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3. Basic Features
 Self-assessment of tax liability by the taxpayer.
 Common e-Return for CGST, SGST and IGST.
 Separate returns for different categories of taxpayers
 Normal/Regular & Casual Taxpayer (GSTR-1, 2 ,3 & 8)
 Compounding Taxpayer (GSTR- 4 & 8)
 Foreign Non-Resident Taxpayer (GSTR-5)
 Input Service Distributor (GSTR- 6)
 Tax Deductor (GSTR-7)
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4. Time Period of filing Return
MonthlyReturn
Normal
Assessee
Outward
Supply
GSTR 1 & 1A (10th of
the next month)
Inward Supply
GSTR 2 & 2A (15th of
the next month)
Monthly
Return
GSTR 3 (20th of the next
month)
Other
Assessee
Compounding
Dealer
GSTR 4 & 4A (18th of
the next Quarter)
TDS Deductor
GSTR 7& 7A (10th of the
next month)
Input Service
Distributor
GSTR 6 & 6A (13th of
the next month)
E-commerce
operator
GSTR 8 (10th of the next
month)
Non-resident
foreign taxpayer
GSTR 5 (within 7 days
after expiry of
registration)
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* Returns must be filed on or before the
period mentioned above
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5. Time Period of filing Return
AnnualReturn
Normal Assessee
GSTR 9 (31st Dec of
next F.Y.)
Composite Dealer
GSTR 9A (31st Dec
of next F.Y.)
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* The returns must be filed on or before the period mentioned above.
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6. List of GST Returns
Details of outward supplies of taxable goods/services effected
Details of outward supplies as added, corrected or deleted by the recipient
Details of inward supplies of taxable goods/services claiming ITC
Details of inward supplies made available to the recipient on the basis of GSTR 1
Monthly return on the basis of finalization of outward supplies and inward supplies along with
the payment of tax
Notice to a person who fails to file a monthly or final return
Quarterly return for a compounding tax payer
Details of inward supplies made available to a recipient registered under composition scheme
on the basis of GSTR 1
Return for non-resident foreign taxpayer
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 FORM GSTR 1
 FORM GSTR 1A
 FORM GSTR 2
 FORM GSTR 2A
 FORM GSTR 3
 FORM GSTR 3A
 FORM GSTR 4
 FORM GSTR 4A
 FORM GSTR 5
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7. List of GST Returns
ISD Return
Details of inward supply made available to ISD on the basis of GSTR 1
Return for authorities deducting tax at source
TDS Certificate
Details of supplies effected through e-commerce operator and the amount of tax collected
Annual Return
Simplified annual return by Compounding Taxpayer
Final Return
Details of inward supplies to be mentioned by a person having UIN
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 FORM GSTR 6
 FORM GSTR 6A
 FORM GSTR 7
 FORM GSTR 7A
 FORM GSTR 8
 FORM GSTR 9
 FORM GSTR 9 A
 FORM GSTR 10
 FORM GSTR 11
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8. Manner of furnishing details of Outward
Supply
Every registered taxable person who is required to furnish details of outward
supply shall furnish such details in FORM GSTR-1.
Details of outward supply shall include details relating to: details of
invoices, debit & credit notes, return of goods received in relation to an
onward supply.
The details of outward supply shall be made available to each of the
recipient in Part A of FORM GSTR-2A.
The details of inward supply added, corrected or deleted by the recipient in
FORM GSTR 2 are made available to the supplier in FORM GSTR-1A and
GSTR-1 shall stand amended to the extent of modifications accepted by the
supplier.
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9. Manner of furnishing details of Inward
Supply
Every registered taxable person required to furnish the details of inward supplies
shall do so in FORM GSTR 2 on the basis of details furnished in GSTR 2A.
The recipient of goods and/or services shall specify the inward supplies in
respect of which he is not eligible, for input tax credit in GSTR-2.
The quantum of ineligible input tax credit on inward supplies which is
relatable to non-taxable supplies or for purposes other than business to be
declared in GSTR-2.
GSTR 2 shall also include the details of :
• invoices furnished by an Input Service Distributor in his return;
• tax deducted at source by the deductor;
• tax collected at source by an e-commerce operator;
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10. Manner of submission of Monthly Return
 A monthly return in GSTR 3 must be filed by every registered taxable person, other
than a compound taxpayer, showing details of:
 inward & outward supplies;
 input tax credit availed;
 tax payable; &
 tax paid
 Part A of the return to be generated on the basis of information mentioned in GSTR 1
& 2, electronic credit, cash & tax liability ledger.
 Every liability towards tax, interest, penalty, fees or any other amount must be
discharged by debiting the electronic cash and/or credit ledger as per the details
contained in Part B of the return.
 Every claim for refund of any balance in the electronic cash ledger may be claimed in
Part B of the return and such return shall be deemed to be an application filed for
refund.
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11. Matching of Claim of ITC
 The details of every inward supply furnished by a recipient shall be matched with
 The corresponding details of outward supply furnished by the supplier;
 The additional duty of customs paid in respect of goods imported;
 For duplication of claims.
 The claim of ITC shall be considered as matched, where the amount of ITC claimed is
≤ the output tax paid on such invoice or Debit Note, by the corresponding supplier.
 The claim of ITC that match with the corresponding outward supply, be finally
accepted and communicated, to the recipient.
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12. Matching of Claim of ITC
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For matching with
corresponding outward supply
details in supplier's return
Matching of
ITC
For duplication
of claim of ITC
If no duplicity is
found then ITC
is finally allowed
If duplicity is
found then ITC
is reversed
If does not match then
discrepancy shall be
notified to both persons
If matched with
supplier’s return
then ITC is finally
allowed
If supplier
rectify it then
ITC is finally
allowed
If supplier does
not rectify it
then ITC is
reversed
In case of reversal, person
claiming ITC shall be
informed
Such person to pay an
amount equal to ITC
reversed along with interest M/s Asija & Associates LLP, Chartered
Accountants

13. Matching of claims for reduction in
Output Tax Liability
The details of every credit note relating to outward supply by the supplier shall be
matched with:
• The corresponding reduction in claim for ITC by the recipient in his valid return,
and
• For duplication of claims for reduction in output tax liability.
The following details relating to the claim of reduction in output tax liability shall be
matched:
• GSTIN of the supplier;
• GSTIN of the recipient;
• Credit Note date;
• Credit Note number;
• Taxable value ;
• Tax amount.
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14. Matching of claims for reduction in
Output Tax Liability
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For matching with
corresponding reduction in the
claim for ITC by recipient
Matching of
reduction in
output tax liability
For duplication of
claim of reduction in
output tax liability
If no duplicity is
found, no
addition to be
made
If duplicity is found, it
shall be communicated
to the supplier
If does not match or
credit note is not
disclosed by the recipient,
discrepancy to be notified
to both parties
If matched, the same to
be communicated to
both the parties
If recipient rectify
it, no addition to be
made
If recipient does
not rectify it
The amount shall be added
to the supplier’s output tax
liability
Supplier shall be liable to
pay interest in respect of
amount so added
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15. Final Return
Every registered taxable person who applies for cancellation of registration shall
furnish a return in FORM GSTR 10
Return to be furnished within 3 months of the date of cancellation or date of
cancellation order, whichever is later .
A notice in FORM GSTR 3A shall be issued, where a registered taxable person fails to
furnish a monthly return or a final return.
Late fees @ Rs. 100/day will be applicable in case of failure to furnish the details of
outward or inward supplies, monthly return or a final return, by the due date, subject
to a max. of Rs. 5,000.
A person who fails to furnish an annual return by the due date shall be liable to a late
fees of Rs. 100/day subject to a max. of an amount equal to a quarter percent of the
aggregate turnover.
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Accountants

16. Disclaimer
• This presentation has been prepared by our firm to provide a gist of the
applicable law pertaining to Model GST Law notified by the Government of
India for upcoming GST Act 2016, pending for ratification in Parliament for
applicability on or after 01/07/2017.
• For detailed insight and for better understanding of the various provision of
the said law, the said presentation should be read along with related provision
of Model GST Law 2016(amended in November, 2016).
• Neither our firm nor any partner or employee or article of our firm shall
responsible for any decision taken on the basis of the said presentation and
without obtaining any professional guidance or consultation on the matter for
which reliance was made on this presentation.
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Accountants

17. Thank You
For any queries kindly contact our GST Team :
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Asija & Associates LLP
Chartered Accountants
H.O. : 34/5 , Gokhale Marg,
Lucknow
Ph. No. : 0522-4004652,2205072
CA Pradumn Pandey
Executive Partner
(pradumn.pandey@asija.in)
CA Rahul Mishra
Partner in Charge
(rahul.mishra@asija.i
n)
CA Amber Agrawal
Associate Director
(amber.agrawal@asija.in
)
M/s Asija & Associates LLP, Chartered Accountants