This document provides information about Goods and Services Tax (GST) and its impact on the Fast Moving Consumer Goods (FMCG) sector in India. It summarizes the tax rates for various FMCG products before and after GST implementation. It also outlines the process of GST registration including required documents. Key GST return forms like GSTR-1, GSTR-2, GSTR-3B etc. are listed along with their filing timelines. Penalties for late filing or non-filing of returns are also specified. Sample invoices for inward and outward supplies are given along with details around e-way bills.

1. GOODS & SERVICE TAX
BY:
Swethanjali
Sreeja
Syed
Anil Kumar

2. FMCG SECTOR IN INDIA
It is the fourth largest sector in the Indian economy
US$ 9 billion
FY 2000
US$ 49 billion
FY 2016-17
US$ 103.7 billion
20.6%
by 2020
In over all Sector

3. GST IMPACT ON FMCG SECTOR
Product Previously taxed at Currently taxed at Companies impacted
Detergents 23% 28% HUL, P&G, Jyothy Laboratories
Shampoo 24-25% 28% HUL, P&G, Dabur, Himalaya,
Patanjali
Sanitary napkins 10-11% 18% P&G Hygiene and Health Care
Skincare 24-25% 28% HUL, Dabur, Himalaya, Patanjali
Hair dyes 23-28% 28% Godrej Consumer Products
Ayurvedic medicine 7-10% 12% Dabur, Emami
Toothpastes, soaps, hair oil 22-24% 18% Colgate-Palmolive, HUL, P&G
Paints 25-26% 28% Asian Paints, Berger Paints,
Nerolac
Branded paneer 3-4% 5% Nestle, Mother Dairy
Butter, ghee, cheese 4-5% 12% Amul, Nestle, Mother Dairy

4. PROCESS OF GST REGISTRATION
Application GST REG-01
Receive an application reference number in FORM GST REG-02 electronically.
Part-B of Form GST REG-01
Applicant needs to respond in form GST REG-04 with required
information within 7 working days from the date of receipt of
Form GST REG-03.
If additional information is required, Form GST REG-03 is
issued.
Rejection of application - GST REG- - 05
Registration certificate in form GST REG-06
Applicant who has to deductTDS &TCS – GST REG-07

5. DOCUMENTS REQUIRED IN THE PROCESS OF REGISTRATION
Documents required for Sole Proprietorship / Individual
 PAN card, aadhaar card, and a photograph of the sole proprietor
 Bank account details- a copy of canceled cheque or bank statement
 Address proof of office:-
–Own office – Copy of electricity bill/landline bill/water bill/municipal khata copy/ property
tax receipt
–Rented office – Rent agreement and No objection certificate (NOC) from the owner
Documents required for Partnership deed/LLP Agreement
 PAN card, Photograph and aadhar card of all partners
 Bank details- a copy of canceled cheque or bank statement
 Address proof of Principal place of business and additional place of business :
–Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property
tax receipt
–Rented office – Rent agreement and No objection certificate (NOC) from the owner
 In case of LLP- Copy of board resolution, Registration Certificate of the LLP
Proof of appointment of authorized signatory- letter of authorization

6. Documents required for Private limited / Public limited / One person company
 PAN card of the company
 Registration Certificate of the company
 Memorandum of Association (MOA) /Articles of Association (AOA)
 PAN card, photograph and aadhar card of all Directors
 Bank details- a copy of canceled cheque or bank statement
 Address proof of Principal place of business and additional place of business:-
–Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax
receipt
–Rented office – Rent agreement and No objection certificate (NOC) from the owner
 Proof of appointment of authorized signatory- letter of authorization
Documents required for HUF
 PAN card of HUF
 Photograph, Pan Card and aadhar card of Karta
 Address proof of Principal place of business and additional place of business :
–Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax
receipt
–Rented office – Rent agreement and No objection certificate (NOC) from the owner.

7. FORMS IN WHICH GST RETURNS ARE FILED
GSTR-1
 The due dates for GSTR-1 are based on your
turnover.
 Businesses with sales of upto Rs. 1.5 crore will
file quarterly returns.
 Other taxpayers with sales above Rs. 1.5 crore
have to file monthly return.
GSTR-2
 As per the Act: GSTR-2 due date for Filing
GSTR-2 is 15th of next month.
 There is a 5-day gap between GSTR-1 & GSTR-
2 filing to correct any errors and discrepancies.
 For businesses with turnover less than 1.5
crores, quarterly returns are applicable.
 GSTR-3B is a monthly self-declaration that has to be filed
a registered dealer from July 2017 till March 2018
Every person who has registered for GST must file the
return GSTR-3B including nil returns.
1. Input Service Distributors & Composition Dealers
2. Suppliers of OIDAR
3. Non-resident taxable person
 GSTR 6 is a monthly return that has to be filed
by an Input Service Distributor.
 GSTR-4 is a GST Return that has to be filed by
a Composition Dealer. Unlike a normal
taxpayer who needs to furnish 3 monthly
furnish only 1 return which is GSTR-4.
GSTR 4 has to be filed on a quarterly basis.

8. PENALITIES
For late filing
The late fee is Rs. 100 per day per Act.
So it is 100 under CGST & 100 under SGST.
Total will be Rs. 200/day*. The maximum is Rs. 5,000.
Along with late fee, interest has to be paid at 18% per annum.
For not filing
For the offenses with no intention of fraud or tax evasion
10% of the tax amount due subject to a minimum of Rs.
10,000.
Tax amount
involved
100-200 lakhs 200-500 lakhs Above 500 lakhs
Jail term Upto 1 year Upto 3 years Upto 5 year
Fine In all three cases
For the 21 offenses with the intention of fraud or tax evasion
An offender has to pay a penalty amount of tax evaded/short deducted etc., i.e., 100% penalty, subject to a minimum of Rs. 10,000.
Additional penalties as follows-

9. Pashupati Foods suppliers pvt ltd.
GSTIN:3717DA44AC8125
STATE: Telangana
PAN: ARGPV06ERPV
INVOICE
DATE:
INVOICE NO
:
13/07/2018
IN211034
CUSTOMER NAME
CUSTOMER GSTIN
KALANKARI FOODS PVT LTD
334HY566789MJ
BILLING ADDRESS
Kalankari foods,
Gandhi bhavan road
nampally
COUNTRY OF SUPPLY
PLACE OF SUPPLY
INDIA
TELANGANA
ITEM HSN CODE QT
Y
GST
RATE TAXABLEVALUE
SGST
%
CGST
%
TOTAL
Wheat 1101 200 5% 200000 2.5% 2.5% 4000
Oil 2306 500 5% 500000 2.5% 2.5% 2500
sugar 1702 350 18% 100000 9% 9% 1800
Total taxable amount 800000/-
•INVOICE FOR INWARD SUPPLY
TOTAL TAX 8300 /-

10. KALANKARI FOODS PVT LTD
GSTIN:3717DA44AC8125
STATE:Telangana
PAN: ARGPV06ERPV
INVOICE DATE:
INVOICE NO :
13/07/2018
IN211034
CUSTOMER NAME
CUSTOMERGSTIN
MARICOI FOODS PVT LTD
334HY566789MJ
BILLINGADDRESS
MARICO FOODS,
Gandhi bhavan
road
Nampally
COUNTRYOF SUPPLY
PLACE OF SUPPLY
INDIA
TELANGANA
ITEM HSN CODE QTY
GST
RATE TAXABLE VALUE
SGST
%
CGST
%
TOTAL
BREADS 190190 200 18% 250000 9% 9% 45000
BISCUITS 1905 500 18% 500000 9% 9% 90000
WAFFLES 1905 350 18% 100000 9% 9% 1800
Total taxable amount 800000/-•TOTAL TAX 136800/-
•INVOICE FOR OUTWARD SUPPLY

11. E-WAY BILL
Value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan)
Alternatively
E-way Bill Number (EBN)
Who should generate an e-Way Bill?
 GST Registered Person:
GST E-Way Bill Format