The PPT contains provision relating to GST Annual Return and form notified. (Please note the understanding is based on the law and format prevailing as on date of uploading and there are some onion and interpretation involve which may vary).
With the introduction of the concept of GST Audit, it is important to know and taken int consideration various facts that is needed before we conduct GST Audit. In this presentation, we have covered the concept of filing of GSTR 9C, its applicability and various other topics that one should take care of. The presentation also covers an example of GSTR 9C based upon a hypothetical case. The PPT is a one shot compilation of various topics associated with GSTR 9C - GST Audit.
UPDATED PPT ON TABLE BY TABLE POINTS ON GST ANNUAL RETURN GSTR-9. CHECK POINTS OF GSTR-9 COUPLED WITH REFERENCE TO GST AUDIT GUIDE YOU TO ANNUAL COMPLIANCE UNDER GST.
GST is a vast subject. Some feel that the goods rates have increased whereas some feel its reduced & some are confused thinking that how are they benefited from the implementation of GST
With the introduction of the concept of GST Audit, it is important to know and taken int consideration various facts that is needed before we conduct GST Audit. In this presentation, we have covered the concept of filing of GSTR 9C, its applicability and various other topics that one should take care of. The presentation also covers an example of GSTR 9C based upon a hypothetical case. The PPT is a one shot compilation of various topics associated with GSTR 9C - GST Audit.
GST Audit and GST Annual Return
presentation on GST Audit and Annual Return.
Covering handy material on Relevant provisions governing GST Audit , indicative checklists and summarized contents of annual return and Reconciliation statement
A quick reference for professionals
With the introduction of the concept of GST Audit, it is important to know and taken int consideration various facts that is needed before we conduct GST Audit. In this presentation, we have covered the concept of filing of GSTR 9C, its applicability and various other topics that one should take care of. The presentation also covers an example of GSTR 9C based upon a hypothetical case. The PPT is a one shot compilation of various topics associated with GSTR 9C - GST Audit.
UPDATED PPT ON TABLE BY TABLE POINTS ON GST ANNUAL RETURN GSTR-9. CHECK POINTS OF GSTR-9 COUPLED WITH REFERENCE TO GST AUDIT GUIDE YOU TO ANNUAL COMPLIANCE UNDER GST.
GST is a vast subject. Some feel that the goods rates have increased whereas some feel its reduced & some are confused thinking that how are they benefited from the implementation of GST
With the introduction of the concept of GST Audit, it is important to know and taken int consideration various facts that is needed before we conduct GST Audit. In this presentation, we have covered the concept of filing of GSTR 9C, its applicability and various other topics that one should take care of. The presentation also covers an example of GSTR 9C based upon a hypothetical case. The PPT is a one shot compilation of various topics associated with GSTR 9C - GST Audit.
GST Audit and GST Annual Return
presentation on GST Audit and Annual Return.
Covering handy material on Relevant provisions governing GST Audit , indicative checklists and summarized contents of annual return and Reconciliation statement
A quick reference for professionals
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
1. presentation on input tax credit under gstNarayan Lodha
GST, Goods And Service Tax, Basic Concept and Principals of Input Credit under GST, Availability of ITC in Special cases, ITC- Input Service Distributor, Electronic Cash Ledger, Electronic Credit Ledger, Refund of Tax under GST
Goods and Services Tax - Input Tax Credit Eligibility
Basic Provisions. How can a taxpayer claim ITC what are the conditions and restrictions for claiming ITC under GST.
Brief presentation on GSTR -2B along with screenshots from the GST Portal.Ramandeep Bhatia
GSTR 2B is a static ITC statement which provides information regarding ITC available on the basis of returns filed by a supplier. Prepared a brief presentation on the subject along with screenshots from the GST Portal.
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
One of the fundamental features of GST is the seamless flow of input credit across the chain and across the country for supply of Goods or Services. Know more about ITC under GST at https://cleartax.in/s/gst-input-tax-credit/
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
I am not a professional to claim that this is the way to file GSTR-9. But can absolutely claim through my experience, The way I handle any GSTR-9 is represented through this slide. But obvious, by keeping an open mind for me every situation is unique and hence dealt accordingly
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
1. presentation on input tax credit under gstNarayan Lodha
GST, Goods And Service Tax, Basic Concept and Principals of Input Credit under GST, Availability of ITC in Special cases, ITC- Input Service Distributor, Electronic Cash Ledger, Electronic Credit Ledger, Refund of Tax under GST
Goods and Services Tax - Input Tax Credit Eligibility
Basic Provisions. How can a taxpayer claim ITC what are the conditions and restrictions for claiming ITC under GST.
Brief presentation on GSTR -2B along with screenshots from the GST Portal.Ramandeep Bhatia
GSTR 2B is a static ITC statement which provides information regarding ITC available on the basis of returns filed by a supplier. Prepared a brief presentation on the subject along with screenshots from the GST Portal.
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
One of the fundamental features of GST is the seamless flow of input credit across the chain and across the country for supply of Goods or Services. Know more about ITC under GST at https://cleartax.in/s/gst-input-tax-credit/
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
I am not a professional to claim that this is the way to file GSTR-9. But can absolutely claim through my experience, The way I handle any GSTR-9 is represented through this slide. But obvious, by keeping an open mind for me every situation is unique and hence dealt accordingly
OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. There are various periodic compliance requirements and filings under GST. In this webinar, we shall analyse and understand the annual returns under GST.
The GSTR 9 is a GST annual return form to be filed by the regular taxpayer once a year with all the consolidated details of SGST, CGST and IGST paid during the year. GSTR 9 form must be filed by all registered taxable persons under GST.
Gstr 1 return filing format simplifiedPrachi Desai
enComply is a comprehensive tax automation platform and specialised GST Software for Enterprises on which the GST Returns, Reconciliation, invoicing and other GST applications can be processed.
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
“Most awaited GST Annual Return (Form GSTR 9) and Audit Reconciliation Statement (Form GSTR 9C) are notified by Government vide Notification 39/2018 CT dated 4th Sep 2018 and 49/2018 CT dated 13th Sep 2018. Due date for filing of the same for F.Y. 2017-18 is 31st Dec 2018. Enclosing herewith Master Guide on GST Annual Return and Audit, covering:
§ How to Go Head with Annual Return and GST Audit
§ Important Provisions
§ Analysis of GSTR 9 Form and How to fill the same
§ Analysis of GSTR 9C Form and How to fill the same
Professional should plan their work and ensure to file the said forms before due date, without waiting for extension.”
Thanks & Regards
CA Swapnil Munot
+91 90212 65137
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
This presentation contains a discussion on the legal provision, notification, press release related to GSTR-9 Annual return of GST.
The presentation also contained walkthrough form GSTR-9 along with various case studies and illustrations.
If You want GSTR Offline Form you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
Have recently taken a session on the topic "Place of supply of services -domestic transaction", section 12 of the IGST Act covering its detailed provision, rules, and illustrations. Sharing the presentation, hope you will find it useful. #GST #GSTIND #gstupdates #gstindia #gst #tax #law
Recently took session on Assorted GST Case studies on Supply , ITC and Valuation. Sharing PPT of the same for the benefit.
Covering various case law analysis and judgement delivered by courts as well as Advance rulling authorities.
CASE STUDY PAPER - GST- INTRICATE ISSUES IN ENTERTAINMENT & HOSPITALITY SEC...Ramandeep Bhatia
Dear Sir/Madam, I have recently taken a session in an IDT Study circle organized by the Bombay Chartered Accountants Society (BCAS) on the case study based topic INTRICATE ISSUES IN ENTERTAINMENT & HOSPITALITY SECTOR, Pleased to share with you the case study paper and background material prepared for discussion for common benefit. Thanks - Ramandeep Singh Bhatia
CASE STUDY PAPER - GST- INTRICATE ISSUES IN ENTERTAINMENT & HOSPITALITY SEC...Ramandeep Bhatia
Dear Sir/Madam, I have recently taken a session in an IDT Study circle organized by the Bombay Chartered Accountants Society (BCAS) on the case study based topic INTRICATE ISSUES IN ENTERTAINMENT & HOSPITALITY SECTOR, Pleased to share with you the case study paper and background material prepared for discussion for common benefit. Thanks - Ramandeep Singh Bhatia
A voluntary dispute resolution scheme called as Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 has been introduced by the Government for resolution of the Legacy disputes under Central Excise, Service Tax etc. (Incorporating clarification and procedure vide Circular 1071/4/2019-CX8. dated 27/08/2019)
Slide contain discussion on GST Audit Provision , Rules & Format GSTR-9C Notified . Disclaimer - The law and provision are updated as on date of uploading , there are some interpretation involves which may vary.
Detailed discussion and analysis on E-way rule GST - Rule 138 India Ramandeep Bhatia
Detailed discussion and analysis on E-way rule
Electronic Way Bill (E-Way Bill) is basically a compliance mechanism, Wherein by way of a digital interface
The person causing the movement of goods uploads the relevant information prior to the commencement of movement of goods.
Hello Friends ,
This slides contains
1) Service Tax Amendments Finance Act 2016
2) CENVAT Rules Amendments Fiance Act 2016
3) Case Laws-
a) No Service Tax on FLats where value of land is included.
b) No Service Tax Audit by Departmental Person
RIGHTS OF VICTIM EDITED PRESENTATION(SAIF JAVED).pptxOmGod1
Victims of crime have a range of rights designed to ensure their protection, support, and participation in the justice system. These rights include the right to be treated with dignity and respect, the right to be informed about the progress of their case, and the right to be heard during legal proceedings. Victims are entitled to protection from intimidation and harm, access to support services such as counseling and medical care, and the right to restitution from the offender. Additionally, many jurisdictions provide victims with the right to participate in parole hearings and the right to privacy to protect their personal information from public disclosure. These rights aim to acknowledge the impact of crime on victims and to provide them with the necessary resources and involvement in the judicial process.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
DNA Testing in Civil and Criminal Matters.pptxpatrons legal
Get insights into DNA testing and its application in civil and criminal matters. Find out how it contributes to fair and accurate legal proceedings. For more information: https://www.patronslegal.com/criminal-litigation.html
ASHWINI KUMAR UPADHYAY v/s Union of India.pptxshweeta209
transfer of the P.I.L filed by lawyer Ashwini Kumar Upadhyay in Delhi High Court to Supreme Court.
on the issue of UNIFORM MARRIAGE AGE of men and women.
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
Visit Now: https://www.tumblr.com/trademark-quick/751620857551634432/ensure-legal-protection-file-your-trademark-with?source=share
PRECEDENT AS A SOURCE OF LAW (SAIF JAVED).pptxOmGod1
Precedent, or stare decisis, is a cornerstone of common law systems where past judicial decisions guide future cases, ensuring consistency and predictability in the legal system. Binding precedents from higher courts must be followed by lower courts, while persuasive precedents may influence but are not obligatory. This principle promotes fairness and efficiency, allowing for the evolution of the law as higher courts can overrule outdated decisions. Despite criticisms of rigidity and complexity, precedent ensures similar cases are treated alike, balancing stability with flexibility in judicial decision-making.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
1. Let us understand the GST
BY : CA - RAMANDEEP SINGH BHATIA
ANNUAL RETURNS : GSTR 9
ANNUAL RETURNS :
GSTR 9
2. Let us understand the GST
LEGAL PROVIOSNS
Sec 44(1) requires every registered person furnish an
annual return for every financialyear electronically
Not Applicable for
• Input Service Distributor,
• a person paying tax under section 51 or section 52,
• a casual taxable person and
• a non-resident taxable person
3. Let us understand the GST
APPLICABILITY OF ANNUAL RETURN –IN GLANCE
Annual Return
Registered Person:
Rule 80(1)
GSTR9
Composition Dealer
: Rule 80(1)
GSTR 9A
TCS : Rule80(2)
GSTR 9B
Audit TO > 2 crores
: : Rule 80(3)
+ GSTR9C
Excludes
ISD /TDS
CTP/NRTP
4. Let us understand the GST
SOME CRUCIAL ASPECTS –ANNUAL RETURN
Period Coverage : 1st July 2017 to 31st March 2018
Time Lines : 31st Dec 2018 for FY17-18
Late Filing Fees : Rs. 100/- per day per Act (CGST +
SGST/UTGST), subject to a maximum amount of (0.25% CGST
+ 0.25% SGST/UTGST) of the turnover in the State.
Notice for Non filer : Sec 46 read with Rule 68, A notice in
FORM GSTR-3A shall be issued with in fifteen days,
electronically, to a registered person who fails to furnishreturn
under section 44.
5. Let us understand the GST
SOME CRUCIAL ASPECTS –ANNUAL RETURN
Thresh hold Limit : All Registered Tax payers even if the turnover
is NIL shallfile.
PAN / GSTIN : This is not an Entity Level reporting, its GSTIN
based filing.
Source of Information : Circular 26/2017 clarifies how to correct
information in returns based on the books. Presuming Returns are
corrected, information furnished in GSTR 3B to be reported, along
with information furnished in GSTR 1 may be considered for
reporting various information in sub Tables.
6. Let us understand the GST
6 IMPORTANT PARTS of GSTR-9 (Annual
Return)
7. Let us understand the GST
BASIC DETAILS
Year v. Financial year for GST audit
GSTIN validation, duplication and correction
Legal name v. Trade name v. Brand name
8. Let us understand the GST
PART II: DETAILS OF OUTWARD SUPPLIES
Part II
Transactions havingTax
Implications
Table 4
Transactions not having tax
implications
Table 5
10. Let us understand the GST
OUTWARD AND INWARD SUPPLIES
Source of data; errors of omission-commission
Reference to tables in GSTR 1; GIGO data
Invoice value v. Taxable value (abatement)
Declared ‘for’2017-18 ‘in’returns filed (belated)
11. Let us understand the GST
OUTWARD AND INWARD SUPPLIES
Table 4A, 4C
Table 6A
Table6B
Table 6C
Table 5, 7 and 9, 10
• Outward supplies at not only sales but allcredits
• Supplies actually reported in 2018-19 ‘for’2017-18
• Supplies reported ‘as if’ relating to 2018-19stays
• ‘Date-of-doc’ relevant but not amendment orCN-DN
12. Let us understand the GST
OUTWARD AND INWARD SUPPLIES
• Outward supplies at not only sales but allcredits
• Supplies actually reported in 2018-19 ‘for’2017-18
• Supplies reported ‘as if’ relating to 2018-19stays
• ‘Date-of-doc’ relevant but not amendment orCN-DN
• NN 40/17/CT -13/10 & NN 66/17/CT-11/11
Table 11A
Table 4B / Table 3.1(d)
13. Let us understand the GST
OUTWARD AND INWARD SUPPLIES
• Date-of-doc’ relevant and related to 4B to4E
• ‘Doc-type’ relevant whether s.34 allows ornot
• CN-DN issued ‘in’ 2017-18 not ‘for’ 2017-18
• Consider supply invoice ‘amended through’DN-CN
• Include CN-DN under 142(2) but exclude if tax-unpaid
14. Let us understand the GST
OUTWARD AND INWARD SUPPLIES
Table 9A and9C
Table 9A and9C
• Omission-commission (B2C) already reported(4A)
• Omission-commission (B2B) now reported (4BCDE-IJ)
• Omission-commission ‘for’ 2017-18 but ‘in’ 2018-19
• Invoice-CN-DN-Refund Voucher ‘for’ 2017-18 only
15. Let us understand the GST
TABLE- 5 – SUPPLIES _NO TAX PAYMENT
Table 6A
Table 6B
Table 4B
• Exports (goods or services) declared as ‘nottaxable’
• Export with-IGST payment already reported(4C-D)
• Review of ‘export conditions’ not to affect reporting
• Outward supplies ‘push’ to counter-partyreported
16. Let us understand the GST
TABLE- 5 – SUPPLIES _NO TAX PAYMENT
• All kinds of ‘un-taxed’ supplies to be actuallyreported
• All ‘no supply’ transactions to be reported
• Report credits in expenditure-asset-liabilityaccounts
• **Report omissions up to Oct 31, 2018, no taxeffect
• Ensure ‘complete’ transparency of transactions
Table 8
17. Let us understand the GST
TABLE- 5 – SUPPLIES _NO TAX PAYMENT
• Ensure no overlap with 4IJKL
• Supplies ‘with-tax’ in 4IJKL and ‘without-tax’ in5HIJK
• ‘Date-of-doc’ relevant whether S.34 allows ornot
• Amendment or first-time reporting to be considered
Table 9B
18. Let us understand the GST
TABLE- 5 – SUPPLIES _NO TAX PAYMENT
• Total turnover very important for reconciliation in 9C
• Taxable PLUS non-taxable turnover ‘for’ 2017-18
• Turnover in 5N may not match with turnover inbooks
• All ‘errors’ remain, time to rectify ends Oct 31,2018
Table 5Q in
GSTR 9C
19. Let us understand the GST
PART-III ITC DECLARED IN RETURN FILED
Input Tax
Credits
Table 6
ITC Declared as
per 3B
Table 7
ITC Reversed as
per 3B
Table 8
Reconciliation with
2A
20. Let us understand the GST
TABLE-4 (ITC SECTION) –GSTR-3B
4 (A) ITC Available (whether in
full or part)
(1) Import of Goods
(2) Import of Services
(3)Inward supplies liable to reverse
charge (other than 1 & 2 above)
(4) Inward supplies from ISD
(5) All other ITC
4 (B) ITC Reversed
(1) As per rules 42 & 43 of CGST Rules
(2) Others
4 (C) Net ITC Available (A) –
(B) 4 (D) Ineligible ITC
(1) As per section 17(5)
(2) Others
21. Let us understand the GST
TABLE-6 ITC AT GLANCE
Classification of Credits GSTR 9
Input Tax Credit Goods Services
Domestic Inward Supplies 6B* 6B
Imports 6E* 6F
Inward Supplies from SEZ
- Bill of Entry filed by Recipient 6E* 6B
- Bill of Entry filed by SEZ 6B* NA
Paid under RCM – Registered Supplier 6D* 6D
Paid under RCM – Unregistered Supplier 6C* 6C
Composition Dealer Not Applicable Not Applicable
Input Service Distributor Not Applicable 6G
* Tobe bifurcated into Capital Goods and Inputs
22. Let us understand the GST
TABLE-6 ITC
Table 4A
Table 4A(5)
• Credit flows from GSTR 3B (as claimedactually)
• Credit ‘for’ 2017-18 is not based on ‘date’ of invoice
• GSTR 3B is ‘consolidated’ amount not ‘invoice-wise’
• Credit ‘for’ 2017-18 is based on ‘month’ of GSTR3B
23. Let us understand the GST
TABLE-6 ITC
Table
4A(3)
Table
4A(1)
Table
4A(2)
• RCM-credits ‘for’ 2017-18 claimed in GSTR3B
• RCM transactions taxed as FWC not reported here
• Errors in GSTR 3B rectified in 2018-19 notcounted
24. Let us understand the GST
TABLE-6 ITC
• Again FWC credits reported; 6H also FWCcredit
• Difference cannot be ‘negative’ value (I – A, not A – I)
• Difference is ‘positive’ indicates ‘excess’ claim in 3B
• Difference must be ‘nil’ (ideally)
• Repeat above credit details forCGST-SGST-IGST-Cess
Table 4A(4)
Rule -37 & Refund Rejected Re
Credited
25. Let us understand the GST
TABLE-6 ITC
• Special case of credit flow only to CGST or onlySGST:
– TRAN1-2 credit flow into ECL after revision (up/down)
– Stock-on-hand credit when newly taxable (Rule 40) ITC 01
– Transfer of credit with PAN change (Rule 41) ITC-02
Actual balance as reflected
in Electronic Credit
Ledger
Rule 40 stock-on-hand and
Rule 41 transfer of credit
26. Let us understand the GST
TABLE-7 DETAILS OF REVERSED AND INELIGIBLE
Table Description Reference
7A
As per Rule 37 Section 16(2) – payment to supplier not made –
180 days
7B
As per Rule 39 ISD – apportioned is in negative because of CR Noteby
the ISD
7C
As per Rule 42
Proportionate reversal of credit on common input
tax and other than business purpose input tax
(D1+D2)
7D
As per Rule 43 Proportionate reversal of credit on common
Capital Goods
7E As per section 17(5)
Blocked Credits
7G
Reversal of TRAN-I credit
Ineligible credits reversed
7H Reversal of TRAN-II credit
Ineligible credits reversed
27. Let us understand the GST
TABLE-7 DETAILS OF REVERSED AND INELIGIBLE
Table 4(B)
ITC 03
• Ensure reversal true-up after year-endreview
• Ensure 7E is ‘nil’ to avoid ‘double counting’ or tothe extent included in reversal
• TRAN1-2 reversal, ensure only admittedreversal
28. Let us understand the GST
TABLE-8 OTHER ITC RELATED INFORMATION
• Tax ‘admitted’ by counter-party flows to GSTR 2A
• Credit from invoices-on-hand claimed in 6B
• If there’s mismatch, consider:
– 2A > 6B, see if all credits are availed (directly reported)
– 2A < 6B, expect inquiry keep alternative confirmation ready
– 2A > 6B, credit availed in 2018-19 (choice of year)
29. Let us understand the GST
TABLE-8 OTHER ITC RELATED INFORMATION
Table 4(A)(5)
• Credit ‘to be’ lapsed not automatic, ensure it is‘nil’ , - 8D can trigger inquiry; maintain
detailedinformation , - Bill of Entry filed by Registered Person
30. Let us understand the GST
PART- IV TABLE-9 – TAX PAID _GSTR3B RETURN
Table 6.1
• Details of tax paid as declared in returns filedduring the financial year i.e Actual ‘tax paid’ data from3B
31. Let us understand the GST
PART- V PREVIOUS TRANSACTION (APRIL-SEPTEMBER 18)
• ‘Date-of-doc’ relevant even if reportedbelatedly
• ‘Return-for-month’ relevant even if filed belatedly
• ‘Date-of-filing’ by Oct 31, 2018 (GSTR 1)
• Included ‘as if’ belongs to2018-19:
– Not to be considered in 10 to 13 of GSTR 9
– But considered in GSTR 9C as unreconciled difference
32. Let us understand the GST
PART- V PREVIOUS TRANSACTION (APRIL-SEPTEMBER 18)
Table 9A, 9B and
9C
Table 4(B)
Table 4(A)
• Follow ‘date-of-doc’ and report ‘new’ / ‘amendment’ declared ‘in’ 2018-19 (avoid
double-counting)
• Credit cannot ‘belong’ to both years (choice ofyear):
– Check conditions of s.16(2)
– Compared with Table 8C
– Exclude ‘accrued but not due’ during/in 2017-18
33. Let us understand the GST
PART- V PREVIOUS TRANSACTION (APRIL-SEPTEMBER 18)
14 Differential tax paid on account of declaration in 10 & 11above
Description Payable Paid
1 2 3
Integrated Tax
Central Tax
State/UT Tax
Cess
Interest
• Calculate ‘admitted’ tax-payable on 10 and 11
• Report ‘if’ tax-paid within Apr-Sept
• Ensure no double-counting of liability andpayment
• Tax ‘unpaid’ can also be reported here
34. Let us understand the GST
PART- VI T-15 OTHER INFORMATION
Refunds
Claimed
Table 15A
Sanctioned
Table 15B
Rejected
Table 15C
Pending
Table 15D
35. Let us understand the GST
PART- VI T-16 OTHER INFORMATION
Table 5
• Provide factual data and if details not available, stateit
• Tracker for goods sent to job-worker (not transition 141)
• Section 31(7) – 6 Months – Goods Sent on Approval
• Information only; no tax to be paid
36. Let us understand the GST
PART- VI T-17 OTHER INFORMATION
• HSN summary of ‘outward’ supplies required
• Match with 5N + 10 + 11
• Prepare such summary for non-monetary/sch I supplies
• Identify limitations in data collection
Table 12
37. Let us understand the GST
PART- VI T-19 OTHER INFORMATION
• GSTR 9 attracts late fee; Rs.100+Rs.100,cap 0.25%+0.25%
• Single GSTR 9 for CGST-SGST, IGST and Cess
• GSTR 9 can be filed with ‘unpaid’ late feealso
38. Let us understand the GST
VERIFICATION
• No ‘text’ space allowed for ‘limitations’disclosure
39. It may be noted that nothing contained in this publication should be regarded
as our opinion and facts of each case will need to be analysed to ascertain
applicability or otherwise of the topics covered in this publication. Appropriate
professional advice should be sought for applicability of legal provisions based
on specific facts. We are not responsible for any liability arising from any
statements or errors contained in this publication.
CA RAMANDEEP SINGH BHATIA
National Empanelled Faculty for GST IDTC New Delhi
Faculty National Academy of Customs & Indirect Tax & Narcotics (NACIN)
FCA, DISA, B.COM , CS. (EXE), CERT. IFRS, CERT. IDT, CERT. CBA
caramandeep.bhatia@gmail.com
facebook.com/ca.ramandeepbhatia
Twitter.com/@caramandeep