A Attempt for Basic understanding of GST Return Process & Input Credit of Excise, VAT & Other Levies on Closing Stock

1. An Attempt for Basic understanding of GST Return
Process & Input Credit of Excise, VAT & Other Levies
on Closing Stock

2. GSTR-1
• Of outward supply (Sales)
• By 10th of subsequent Month
Auto-populated into GSTR-2A
and visible to Purchaser GSTR-2A
Outward Supplier of
Goods/Services (Seller)
GSTR-2
• Correction anything needed
in GSTR-2A
• To be filed by 15th of
subsequent Month
Recipient of Goods/Services
(Purchaser)
GSTR-1A
Information in GSTR-2 will be made
available in GSTR-1A to Seller
Based on the seller’s
Acceptance/Rejection of adjustments
in GSTR-1A,The GSTR-1 is Amended
On 20th Latest
Amended GSTR-1 will
be auto populated AS
GSTR-3
The supplier has to accept or reject the
adjustments made in GSTR-1A

3. To be continued