GST

RETURNS AND PAYMENT

• Statement Of Information.
• Furnished By Normal Taxpayer.
• To Tax Administrators.
• At Regular Interval.
SEC 2(94) OF CGST ACT
Returns means any returns prescribed
or otherwise required to be furnished by or
under this act or the rules made thereunder.
 Regulars Taxpayers

RETURNS GSTR-1
GSTR-2
GSTR-3
 GST RETURN 1 (GSTR1)
OUTWARD SUPPLIES OF TAXABLE GOODS AND /OR SERVICES.
WHO IS REQUIRED TO FURNISH DETAILS OF GSTR-1?

• ISD
ALL • Non resident taxable
PERSONS REGISTERED person
REQUIRED PERSONS • Composition taxpayer
INCLUDING • Tax deductor
TO FILE CASUAL • ECO
GSTR-1 REGISTERED • Supplier of OIDAR
PERSON services
 Due date of submission of GSTR-1
A taxpayer having turnover above 1.5 crore
Due date
of filing
monthly
GSTR -1 GSTR -1 can be filed
on or after 16th of a
10th day of month, if due date of
the next 10th of the month is
month
missed.
GSTR-1
cannot be
filed between
11th and 15th
day of the
next month
 A taxpayer having aggregate turnover up to 1.5 crore
A taxpayers with sales of up to 1.5 crore will file quarterly returns.

PERIOD DUE DATE

APR-JUN 2018 31ST JULY 2018

Scanned copies of invoices are not

JULY-SEP 2018 31ST OCT 2018 required to be uploaded. Only certain
prescribed fields of information from
OCT-DEC 2018 31ST JAN 2018 invoices need to be uploaded e.g.,
invoice no., date , value, taxable value,
rate of tax, amount of tax etc.
JAN MAR 2018 30TH APR 2018
 DETAILS OF OUTWARD SUPPLIES

B2C means business to consumer

B2B means business to business
transaction. In such type of
transaction. In such type of
transaction, the recipient is
transaction, the recipient is also a
consumer or unregistered and hence,
registered supplier and hence,
will not take or cannot take ITC.
takes ITC.
 Indication of HSN details
The minimum number of digits of HSN code that a file has
to be uploaded depend on his turnover in the last year.

Description of each item

Annual turnover in the Number of Digits
preceding financial year of HSN Code
Upto 1.5 crore
More than 1.5 crore and put 5 crore
More than 5 crore
in the invoices will not be
uploaded. Only HSN code
in respect of supply of
Nil
goods and accounting
2 code in respect of supply
of services will have to
4 be fed.
 CONTENT OF GSTR-1

Basic & other details

• GSTIN
• Legal name and trade name
• Tax period
Details of outward supplies
• B2B
• Aggregate turnover in previous
• B2C
year
• Zero rated and deemed exports
• HSN- wise summary of outward
• Debit/Credit notes issued
supplies
• Nil rated / Exempted / Non GST
• Details of documents issued
• Amendments for prior period
• Advances received/ advances
adjusted.
 GST RETURN -2 (GSTR -2)

Inward supplies of Goods and/or Services.

Persons
Person required to
required to file details
file details of of inward
outward supplies
supplies
Due Date Of Submission Of GSTR-2

After 10th
Due date of day but by
monthly 15th day of
GSTR-2 next month
Details Of Inward Supplies

Debit/credi
t notes
received

Imports of
goods and
services Invoices wise
details of all
kinds of
inward
supplies
 GSTR-3B
Furnishing of return under section 39
• Gstr-3b is a monthly self declaration
that has to be filed a registered
taxpayer.
• Following registrants do not have to file
gstr-3b
 Input service distributors & composition
dealers
 Suppliers of OIDAR
 Non-resident taxable person
 Due date of filing GSTR – 3B

20th of the
Due date of month
filing monthly succeeding
gstr-3b the relevant
month
 LATE FEE & PENALTY

• Filing gstr-3b is mandatory even for nil

returns. Late fee for filing gstr-3b after the
due date is as follows:

50 per day of delay

20 per day of delay for taxpayers

having nil tax liability for the month
 GST RETURN - 4 (GSTR-4)
• Every registered person paying tax under
section 10 i.e. composition supplier will file
a quarterly return in form GSTR-4
electronically.
• The inward supplies of a composition
supplier received from registered persons
filings GSTR-1 will be auto populated in form
GSTR-4A
• The composition supplier can view the auto-
populated details of inward supplies in
GSTR-4A.
 WHAT IS COMPOSITION LEVY ?

• Eligibility – aggregate turnover in preceding

financial year up to 1.5 crore
• Need not to issue invoices
• No benefit of ITC
• Supplier of inter-state outward supplies of goods
• Person suppling goods through ECO
• Words COMPOSITION TAXABLE persons displayed
ay prominent places
COMPOSITION RATES
 Due date for filing GSTR-4

By 18th day of the month

Due date of filing quarterly
succeeding the relevant
GSTR-4
quarter
 GSTR-5
NON RESIDENT TAXABLE PERSONS

Non resident taxable persons are those

suppliers who do not have a business
establishment in India.
He is not required to file separately the
statement of outward supplies &
inward of supplies.
 DUE DATE
Within a period of 7 days
after the date of expiry of
registration
To be filed monthly before
20th of the following month

A NRTP is not required

to file annual return
 GSTR -6
RETURN FOR INPUT SERVICE DISTRIBUTOR (ISD)

• It is not required to filed the details of outward supplies.

• It contain the details of ITC received for distribution ,total ITC /eligible/ineligible ITC,
details of debit /credit note.
• Details of ITC will be auto populated in GSTR -6A.
• Details of GSTR -6 To be available in GSTR-2A of the recipient.

last date of filing return

By 13TH day of the month

Due date of filing
succeeding the calendar
monthly GSTR-6 month
 GSTR -7
Return for person required to deduct tax at
source
• Monthly return
• TDS details made available in GSTR-
2A/4A
• TDS deduction at source (TDS)
Certificate
• Due date for payment of tax
• Last date of filing return –on/before 10th
of the month succeeding the calendar
month
APPLICABILITY OF TDS
 Consequences of not compiling with TDS provision
Event
TDS is not deducted
TDS certificate not issued or delayed
beyond the prescribed period of five
days
TDS deducted but not paid to the
government or paid later the 10th of
the succeeding month
Late filing of TDS return
consequences
Interest to be paid along with the TDS amount;
else the amount shall be determined and
recovered as per the law
Late fee of 100 per day subject to a maximum
amount of 5000
Interest to be paid along with the TDS amount
else the amount shall be determined and
recovered as per the law
Late fees of m100 for every day during which
such failure continues, subject to maximum
amount of 5000
 GSTR-8
Statement for E-COMMERCE OPERATORS for
supplies effected through it
• Monthly return
• TCS details made available in GSTR-
2A
• Last date of filing return – on/before
10th of the month succeeding the
calendar month in which tax
collected at source.
Who is electronic commerce operator ?
 GSTR -9/9A
ANNUAL RETURN
• Who is required to furnish the annual return ?
• Casual taxable
All tax
Persons persons
payers • ISD
required to
filing return • NTRP
file annual
in GSTR-1 • Person
return deduct/collect tax
to GSTR-3
u/s 51/52

Prescribed form:
GSTR-9=normal taxpayer
GSTR-9A=composition scheme supplier
 Due date:
31st December of the next financial year

who is required to furnished Reconciliation Statement ?

1.Every registered persons must get his accounts audited by ca or

cost accountant if his aggregate turnover during a fy exceeds 2
cores.
2.Such persons is required to furnish annual return copy of
a) audited annual accounts
b) reconciliation statement
 GSTR-10
FINAL RETURN
• Every registered person who is required to
furnish return u/s 39(1) and those registration has
been surrendered or cancelled.

• Time limit :
Final return has been filed within 3 months of the
1. Date of cancellation
or
2. Date of order of cancellation
 GSTR -11
• It is the return to be filed by the
person who has been issued a unique
identity number (UIN) in order to get
refund under GST for the good &
services purchased by them in India.
• They furnish the details of inward
supplies in form GSTR -11.
 Late fees levied for delay in filing return
• Any registered person who fails to furnish following by the due
date :
statement of outward supplies
Statement of inward supplies
returns
Final return
Shall pay a late fees

100 for every day

during which such
failure continues
Quantum
of late fee Whichever is lower

5000
Late fees levied for delay in filing annual return

100for every day during

which such failure
continues

Quantum
of late fee Whichever is lower

0.25% of the turnover

of registered person in
the state/UT
 PAYMENT OF TAX
• Section 49 discusses the three ledger namely

Electronic cash ledger

Electronic credit ledger

Electronic liability ledger

ELECTRONIC CASH LEDGER
Modes of deposits in electronic cash ledger
 PAYMENT BY CHALLAN

• CPIN- common portal identification number. It is 14 digit number to

identify the challan. It valid for a period of 15 days.

• CIN – Challan identification number is generated by the bank. It is

18 digit number that is 14 digit CPIN plus 4-digit bank code

• BRN – Bank reference number is the transaction number given by

the bank for payment against a challan
Manner of utilization of amount reflected in
electronic cash ledger
TAX
IGST
INTEREST

CGST
PENALTY

SGST/UTGST FEE

CESS OTHER
 ELECTRONIC CREDIT LEDGER
• Sub section (2) of section 49 of the cgst act provides that the self assessed input tax
credit (ITC) by a registered person shall be credited to its electronic credit ledger .

Manner of utilization of ITC

 ELECTRONIC LIABILITY LEDGER

• Sub section of (2) of section 49

specks about of the third kind of
ledger to be maintained by the
taxable persons viz. Electronic
liability ledger
• This section lays down that all
liabilities of a taxable person will
be maintained in separate
register