Indian Cable Net Co. Ltd presents GST Guide for LCOs registration, returns, payment and penalty for non-compliance under GST Act, 2017. This presentation is exclusively a property of ICNCL and no part of it can be reproduced and copied, with accrediting the source.

1. Indian Cable Net Co. Ltd
GST Guide for LCOs
Copyright: This document is the property of Indian Cable Net Co. Ltd. and no part of it can be copied,
reproduced or distributed in any manner.
Disclaimer: This write up is intended to initiate understanding on a pertinent question. It is not
intended to be a professional advice and should not be relied upon for real life facts.
Private and Confidential

2. 2
Registration under GST

3. RegistrationUnderGST
Migration of Registered
Assesses
VAT
Service Tax
New Assesses
Liable for registration u/s
22 r.w. 24

4. Documents Checklist
• Mobile number and Email ID for generation of OTP and future communications;
• Copy of all existing registrations certificates (Service tax/Entry tax or Amusement Tax etc.)
• Certificate of Incorporation/Registration in the case of company/LLP
• Address Proof of Principal and Additional Places of business:
• in case of rented premises — Rent Agreement with NOC
• In case of owned premises —Electricity/Telephone bill (not older than three months)
• Passport Size Photograph, Copy of PAN, Aadhar Card1, Mobile No. and Copy of Form 32(in case of Company)2 of
Proprietor, Partner or Directors.
• In case of Company, Copy of Board Resolution appointing the authorised person; Authorisation Letter in case of
other entity except proprietorship
• Aadhar Number linked with Valid Mobile or Digital Signature of Authorised Signatory;
• HSN/SAC code of top five goods/services rendered
• Details of all Bank Accounts of the business such as Account No., Type of Account, Name And Address of the
bank, IFSC code, along with proof such as a copy of first page of passbook or relevant extract of bank statement.
 1 for Proprietorship mandatory in case DSC is not available
 2 in case of Company appointing the directors

5. Step by Step– Migration
Step -1
•Obtain Provisional ID and password from State/Central Authorities
Step -2
•Visit the GST Portal (www.gst.gov.in) and click on the 'New User Login' Tab
Step -3
•Log into the GST Portal using the Provisional ID and password, update and validate the email id and mobile number through OTP
Step -4
•Create a new unique ID and password and answer five security questions. Once the same is done, a provisional registration shall be granted in Form
GST REG 25
Step -5
•Log in using the new unique ID and password on the GST Portal (www.gst.gov.in)
Step -6
•Fill up the enrolment application form in Form GST REG-26 by providing the required information and documents
Step -7
•Sign electronically through a Digital Signature (mandatory for corporate) or E-Signature and submit. An Application Reference Number (ARN) shall be
generated.

6. Step by Step– New Registration
1 • Visit the GST Portal (www.gst.gov.in) and click on the 'Register Now' Tab
2 • Click on New Registration [ i.e, I am a Taxpayer] and fill the relevant details;
3 • Validate the Email Id and Mobile Number through OTP
4 • Enter Temporary Reference Number (TRN) and validate again with OTP;
5
• Fill up the enrolment application form in Form GST REG-01 by providing the required information and
documents;
6 • Create a new unique ID and password and answer five security questions.
7
• Sign electronically through a Digital Signature (mandatory for corporate) or E-Signature and submit.
An Application Reference Number (ARN) shall be generated.

7. Penal Provisions
Failure to Register
Furnishing false information for
registration
Penalty (higher of):
Rs. 10,000 or
Tax evaded
Non availability of ITC.

8. 8
Availment of ITC by a Registered Taxable Person
Basis - tax invoice/ debit
note issued by a registered
supplier, or other
prescribed taxpaying
document
Goods and/or services
have been received*
Tax actually paid by the
supplier to the credit of
appropriate Government,
either in cash or by
utilization of ITC
He has furnished the
monthly return in Form
GSTR-3
*Note:
• Credit only upon receipt of the last lot/ instalment in case of goods received in lots/ instalments.
• Goods deemed to be received by a taxable person when the supplier delivers the goods to the recipient/ any other person, on
the direction provided by the taxable person to the supplier.
• We have to be pursue the vendor for the payment of tax and filling of return on time for availing the credit.
• Failure of payment to vendor more than 180 days from the date of invoice would results in reversal of Cenvat

9. 9
Tax Invoice

10. 10
Tax Invoice
a) Amount of tax to be prominently indicated in all documents relating to assessment, tax invoice and other like
documents.
b) For receipts of advances on supply of goods/ services: Receipt voucher/ other prescribed document.
c) Refund voucher to be issued for refund of Advance against which there is no supply of good or services and both.
d) In case of RCM, if goods/ services are received from an unregistered person, the registered taxable person shall
issue an invoice.
e) It is mandatory to mention HSN/SAC code on Invoices.
Registered
taxable
person shall
issue tax
invoice
Supply of
taxable
goods
Supply of
taxable
services
Before/ at the time of :-
• Removal of goods for supply (supply involves
movement of goods)
• Delivery of goods/ making available to the recipient
(other cases)
Before/ after provision of service but within prescribed
period

11. Contents of Tax Invoice
1. Name, Address & GSTIN of supplier
2. Consecutive Serial Number
3. Date of issue
4. Name, Address & GSTIN (if registered) of recipient
5. HSN/SAC code
6. Description of Service, & Value of service
7. Applicable rate of GST and Amount of GST`
8. Signature or Digital Signature

12. 12
GST Returns

13. Returns under GST
By every registered
person.
For each GSTIN.
(State,Vertical)
separately.
To be filed
electronically through
GTSN.
Common return for
all acts
CGST/SGST/UTGST/
IGST.
Multiple returns to
facilitate online
matching of credit.
Auto population of
information on the
basis of sales and
purchases returns filed
by various RTP.
Facility to rectify the
return.
No specific provision
of revision.
Return to be filed
sequentially.

14. Type Form No. Due Date
Return of Outward Supply GSTR 1 10th of Next Month
Return of Inward Supply GSTR 2/2A 15th of Next Month
Monthly Return GSTR 3 20th of Next Month
Annual Return GSTR 9/9A 31 Dec. of next year.
Audited Annual Accounts & Reconciliation GSTR 9B 31 Dec. of next year.
Final Return GSTR 10
3 months
from cancellation date
Type of Return and its Due Date

15. Returns under the Act
ICNCL to submit
Return of Outward
Supply in GSTR-1
by 10th of next
month.
Auto populated
GSTR 2A will be
made available
online to LCO.
LCO can
accept/amend/add
the details in GSTR-
2A from 11th to 15th
LCO to file GSTR 2
before 15th of next
month.
If LCO amend or
make additions in
GSTR-2A, it will be
displayed to ICNCL
in GSTR-1A
If ICNCL accept
changes in GSTR-
1A before 17th,
original GSTR-1
stand amended.
Auto populated
GSTR-3 generated.
Provisional credit
given.
Both to pay tax etc.
as determined by
20th only.
Both to file return
by 20th
ICNCL Service LCO
Mismatch report will go
in GST MIS 1 & MIS2 to
both by month end.
If not rectified in the
next return, credit will
denied to LCO and will
be added to his output
tax liability in next
month GSTR 3

16. Returns of Outward Supplies
Information to be captured in GSTR1 besides basic details:
- B2C transaction: state wise consolidated summary
- B2B transaction: Invoice Details
- HSN Codes & accounting codes for services.
- Details of advance received against future supplies.
- Details of taxes already paid on advance for which invoices are issued in current
tax period.
- Separate table for correcting errors in earlier returns.
- Separate table for details of NIL rated, exempted, non taxable supplies
- Credit notes and debit notes issued;
- Goods dispatched and received challan details in case of job work.
 Return is valid only if self assessed tax is paid in full.
 Return to be filed even for NIL supplies.
GSTR 1

17. Returns of Inward Supplies
 Registered person shall verify, validate, modify or delete, if required, the details
relating to inward supplies and credit or debit notes.
 He may add details of inward supplies, credit or debit notes not declared by
suppliers.
 He shall furnish electronically the return of inward supply for a tax period from 11
to 15th of succeeding month in GSTR 2.
Information Captured:
- Separate table to furnish information where partial credit is availed earlier.
- Separate table for submitting details of revision or correction of errors in earlier
returns.
GSTR 2

18. Returns of Inward Supplies
 If supplies are added, modified or deleted in return of inward supply, the
same should be communicated to supplier after 15th in form GSTR 1A.
 The supplier should either accept or reject the details so communicated
from 16 to 17th.
 In case the difference is accepted, the original return of outward supply
stand amended accordingly.
 In case the difference is rejected, the unmatched credit is added to
outward tax liability of supplier in the return of next tax period.
 The unmatched details can be rectified by the supplier on discovery of
error or omission by payment of tax along with interest.
GSTR 2

19.  Return for previous month has to be filed by every registered person by
20th of next month.
 Information of inward and outward supplies of goods and services is auto
populated on the basis of GSTR – 1 & 2 filed in form GSTR-3.
 Credits are available on provisional basis in electronic credit ledger.
 Liabilities are discharged by debiting electronic credit/cash ledger.
 If eligible for refund, person can claim in GSTR -3 only. No separate
application for refund
 Return is then submitted to common portal electronically.
GSTR 3Furnishing of Return

20. 20
Matching*, Reversal & Re-credit
Matching Details of inward
supply furnished by a
receiver to be
matched with details
of output supplies
furnished by
corresponding
supplier
Credit details of
matching supplies
only to be accepted -
manner to be
prescribed
Reversal
Details not matching
resulting in excess to
be communicated to
both supplier &
receiver
Details
but not rectified by
supplier to be added
to the output tax
liability of recipient
Duplication resulting
in excess also to be
added to output tax
Reclaim
Recipient entitled
reduce output tax
liability if supplier
rectifies the details
within prescribed
timelines
* If ITC claimed is less than or equal to tax paid by supplier, it is treated as
matched.

21.  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.
Late Filling Fee
Note: There is no provision for the revision of return. Rectification to correct error/omission
introduced in the return.
21

22. 22
Payments

23. 23 Due Date of Making Tax Payment
 CGST/ SGST/ IGST Payment Date = 20th of the Succeeding Month
 Normal Taxpayer on Monthly Basis
 Composition Taxpayer on Quarterly Basis
 Credit to the account of Government will be considered as date of
deposit of Tax.

24. Modes of Payment
 Amount of tax, interest, penalty, fees or any other amount
shall be paid through:
Internet
Banking;
Using Debit
or Credit Card
NEFT/RTGS
OTC upto Rs.
10000

25. Payment ofTax
Interest for delayed payment:
 Failure to pay tax within time prescribed: not be more than
18%.
 In case of excess claim of ITC or excess reduction of
outward tax liability: not be more than 24%.

26. 26
Offences & Penalties

27. 27 Offences & Penalties
Nature of Offence Prescribed Penalty
• Supplies any goods without invoice
• Issues invoice without supply of goods
• Collects tax amount but does not pay the same into the appropriate government
treasury
• Collects tax in contravention of the Act
• Fails to deduct or collect tax and also fails to pay it to the appropriate governments
• Takes input tax credit without receipt of goods
• Obtains refund by fraud
• Manipulates financial records
• Fails to get registered
• Gives false information
• Transports taxable goods without documents
• Fails to maintain books of accounts.
• Fails to provide information and required documents.
• Takes or distributes credit in violation
• Obstructs or prevents a officer in discharge of duty
• Suppresses turnover
• Tampers or destroys evidence
• Disposes or tampers goods detailed or seized etc
Higher of following:
1. Rs. 10,000/-; or
2. An amount equivalent to the
amount of tax evaded/not
deducted/collected or input tax
credit availed or distributed or
refund claimed in the matter

28. 28 Offences & Penalties
Nature of Offence Prescribed Penalty
• Registered taxable person repeatedly making short payment of tax.
• Short payment of taxes in 3 returns during any 6 consecutive tax
periods would be deemed to be an offence committed ‘repeatedly’.
Higher of following:
1. Rs. 10,000/-; or
2. 10% of tax short paid
• Applicable to any person who aids or abets any of the offences
specified in clauses in specific provisions; or
• Who acquires possession of, or deals with any goods which he knows
or has reason to believe are liable to confiscation;
• Receives any supply of services in contravention
• Fails to appear before GST officer to honour the summons;
• Fails to issue invoice or record it
Rs. 25,000/-

29. “
”
Atul Kumar Singh
Team ICNCL
Thank You