Returns Under GST

Compiled By –
Surabhi Bansal | Executive | Indirect Tax Vertical
Asija & Associates LLP | Chartered Accountants
gst@asija.in
Chapter IX of CGST Act
Read with CGST Rules,2017 & Notifications prescribed

Who is required to file PERIODIC Return and what are its due dates?
As per Section 39 of GST Law following Returns are required to be filled by the Following
Person on following dates:
PERIODIC RETURN
gst@asija.inGST Wing | Asija & Associates LLP
Registered person Returns / Statements Filing Due Date (Within)
Every registered person, other
than listed below
FORM GSTR-3 20 Days after the end of
Month
Composition Supplier FORM GSTR-4 18 Days after the end of
Quarter
Non-Resident Taxable Person FORM GSTR-5 With 7th Days from the last
day of registration
Person providing OIDAR
services
FORM GSTR-5A 20 Days after the end of
Month

PERIODIC RETURN
Registered person Returns / Statements Filing Due Date (Within)
Note :-
 Every registered person who is required to File, either GSTR-3 or GSRT -4
 shall furnish a return for Every tax period
 whether or not any supplies of goods or services or both have been made
during such tax period. Thus NIL Return has to be filed.
Input Service Distributor FORM GSTR-6 13 Days after the end of
Month
Person Deducting Tax (GST) at
Source
Month
E-commerce Operator-
Collecting Tax (GST) at Source
Month
Person having Unique
Identification Number
FORM GSTR-11 At the end of Quarter

Who is required to file Annual Return and in which form?
 Form GSTR-9 - every registered person, other than listed below:
 Input service distributor
 By person deducting tax (GST) at source
 Casual taxable person
 Non-resident taxable person
 FORM GSTR-9A – by supplier of goods covered under composition levy
 FORM GSTR-9B - E-commerce operator- collecting tax (GST) at source
What is its Due Date ?
 Annual return is to filed before 31st December of the next Financial Year.
Audited Accounts to be Furnished with Annual Return
 Any person whose aggregate turnover exceeds ` 2 crores shall get his accounts
audited by a chartered accountant/cost accountant and
 Shall furnish a copy of audited annual accounts and a reconciliation statement,
duly certified in Form GSTR-9C electronically.
ANNUAL RETURN

FIRST RETURN AND FINAL RETURN
FIRST RETURN?
 Every registered person who has made outward supplies
 In the period between the date on which he become liable to registration till the date
on which registration has been granted
 Shall declare the same in the First Return furnished by him after grant of
registration.
FINAL RETURN?
 Person who is required to file monthly return in Form GSTR-3
 Shall file a Final Return
 If its Registration is cancelled by the GST Officer,
 The said Final Return shall be filed in FORM GSTR-10 electronically.
 within 3 months of the date of cancellation or date of order of cancellation,
whichever is later

What do we have to Report in the Monthly Return - GSTR-3 ?
Every registered person shall furnish Monthly electronically return containing
information of :-
 Outward & Inward supplies of goods or services or both,
 Input Tax Credit availed,
 Tax Payable & Tax paid
 Part A of the return shall be electronically generated (Automatically) on the basis of
information furnished through Outward and Inward Supply, filed through FORM
GSTR-1 & FORM GSTR-2 and based on other liabilities of preceding tax periods.
MONTHLY RETURN- GSTR - 3
GSTR-1
Outward
Supply
GSTR-2
Inward
Supply
GSTR-3
Monthly
Return
(Part A)

 Part A of the Monthly Return shall
contain details of: -
 Total Turnover
 Outward Supplies and
 Inward supplies attracting Reverse
Charge
 Input Tax Credit
 Amount of output Tax for mismatch
 Total Tax liability
 Credit of TDS and TCS
 Interest liability and Late fee
MONTHLY RETURN- GSTR - 3
 Part B of the Monthly Return shall
contain details of: -
 Tax Payable and paid
 Interest, Late Fee and any other
amount (other than tax) payable
and paid
 Refund claimed from Electronic
cash ledger
 Debit entries in electronic
cash/Credit ledger for tax/interest
payment

What is GSTR-1?
 Every registered person shall furnish the details of Outward supply of goods/ services
made in a particular tax period in FORM GSTR-1 electronically.
 It shall be e-filed on or before 10th day of the succeeding month
 The said return cannot be filed between 11th day to 15th day of the succeeding month.
Details to be furnished in FORM GSTR-1 include:
 Invoice wise details of all-
 Inter-state and intra-state supplies made to registered persons.
 Inter-state supplies made to unregistered persons more than ` 2.5 lacs.
 Consolidated details of all –
 Intra-state supplies made to unregistered persons for each rate of tax;
 State wise inter-state supplies made to unregistered persons for each rate of tax upto
` 2.5 lacs.
 Advance received
 For which invoice has not been issued in the current tax period
 In earlier tax period and adjusted against the supplies shown in this return
FORM GSTR-1- Outward Supplies of Goods or Services

Details to be furnished in FORM GSTR-1 include:
 Debit or credit notes issued, if any, during a month for invoices issued previously.
 HSN – Wise summary of outward supply
 Documents issued during the Tax Period, documents being:-
 Invoice
 Debit / Credit Note
 Vouchers
 Delivery Challans
 The details of outward supplies furnished by the supplier shall be,
 Made available to the concerned registered person (recipient)
 Through the GST Portal, after the due date of filing of Form GSTR-1,
 In Part A of Form GSTR – 2A
FORM GSTR-1- Outward Supplies of Goods or Services

What is GSTR – 2A:-
 It is an automatic generated Form
 Containing details of inward supplies of taxable goods or service
 Made to a registered person by another registered person.
 It is populated on the basis of information furnished by the suppliers through their
Form GSTR – 1
 Shall be available on GST Portal
 The said Form shall be used for making Form GSTR-2, which is required to be filed by a
registered person
Details Contained in Form GSTR-2A:-
 Part A - Inward supplies received from
 From Registered person other than supplies attracting RCM
 From a registered person on which tax is to be paid on RCM
 Debit / Credit Notes received during the current tax period
 Part B – ISD (Input Service Distributor) Credit received
 Part C- TDS & TCS Credit Received
GSTR-2A

 Recipient of GSTR-2A shall:-
 Verify, Validate, Modify or Delete, if required
 The details relating to outward supplies and credit or debit notes communicated
by supplier through his return (GSRT-1)
 To prepare the details of his inward supplies and credit or debit notes and
 May include therein, the details of inward supplies and credit or debit notes
received by him,
 In respect of such supplies that have not been declared by the supplier under
through his return (GSRT-1)
GSTR-2A

What is GSTR-2?
 Every registered person* shall furnish the details of Inward supply of :-
 Taxable goods/ services, (shall be created automatically from Form GSTR-2A)
 Goods or Service on which tax is payable on Reverse Charge.
 made in a particular tax period in FORM GSTR-2 electronically.
 It shall be e-filed after the 10th day but on or before 15th day of the succeeding
month.
Details furnished in Form GSTR-2 shall include:
 Invoice wise details of all:-
 Inter-state and intra-state supplies of taxable goods or service received from
registered persons or unregistered persons;
 Import of goods and services made;
 Debit/credit notes, if any, received from supplier.
(All of the above information will be Auto filled by Form GSTR-2A)
FORM GSTR-2 - Inward Supplies of Goods or Services

Details furnished in Form GSTR-2 shall include:
 The inward supplies in respect of which he is not eligible for ITC either fully or
partially, where such eligibility can be defined.
 The quantum of ineligible ITC on inward supplies which is relatable to non-taxable
supplies or for other than business purposes and cannot be determined.
 Supplies Received from composition taxable person other than Exempt / Nil Rated / Non
GST supplies received.
 ISD (Input Service Distributor) Credit received (Will be Auto filled by Form GSTR-2A).
 TDS & TCS Credit Received (Will be Auto filled by Form GSTR-2A).
 Consolidated Statement of Advances paid / Advance adjusted on account of receipt of
supply.
 Input Tax Credit Reversal / Reclaim
 Reversal of ITC on account of Non payment to supplier within 180 days of supply
 Addition & reduction of amount in output tax for mismatch and other reasons

 Details of supplies modified, deleted or included by the recipient and furnished through
Form GSTR-2 shall be communicated to the supplier concerned through Form GSTR-
1A
FORM GSTR-1A
What is GSRT-1A ?
 The details of supplies added, corrected or deleted by the recipient in his form GSTR-2
shall be auto-populated in form GSTR-1A and shall be made available to the supplier.
 On receipt of GSTR-1A Such supplier may
 Either accept or reject the modifications made by the recipient
 On or before 17th day, but not before 15th day, of the month in which Form GSTR-
1 was furnished by the supplier,
 Thereafter, the information furnished in Form GSTR-1 shall stand amended
accordingly.

Day 0-10
GSTR-1: Details of outward
supply.
Day 11
GSTR-2A: Auto-populated
Inward supply to Recipient
Day 11-15
GSTR-2: To be modified by
the recipient
Day 16
GSTR-1A: Modified details
made available to supplier.
Day 16-17
Supplier to accept or reject
the modifications
& GSTR-1 gets amended.
Day 18-20
Calculate tax liability & pay
then file GSTR-3
RETURN FILING- PROCESS

Claim of Input Tax Credit and Provisional Acceptance thereof ITC?
Every registered person shall, be entitled to take :-
 The credit of eligible input tax, as self-assessed, in his return and
 Such amount shall be credited on a Provisional Basis to his Electronic Credit Ledger
The said Provisional credit of input tax shall be utilized only for payment of self
assessed output tax as per the return furnished in Form GSTR-3
The detail of every Inward supply furnished for a Tax Period in Form GSTR-3 shall be
Matched :
 with the Corresponding details of outward supply furnished by the corresponding
registered person. (Supplier)
 IGST paid on goods imported by him.
 For Duplication of claims of input tax credit
Matching Concept – INPUT TAX CREDIT

 The details of ITC IF MATCHED, shall be finally accepted and such acceptance shall be
communicated in Form GST MIS-1 to the recipient.
 Thus Provisional Credit becomes final Credit of ITC in the Electronic Credit Ledger
If the Input Tax Credit claimed by a recipient in respect of an inward supply is:-
 In excess of the tax declared by the supplier for the same supply or
 The outward supply is not declared by the supplier in his valid returns,
 The duplication of claims of ITC by the Recipient,
 The said discrepancy shall be communicated, through the GST postal on or before the
last day of the month in which the matching has been carried out, to :-
 To the Recipient in e-Form GST MIS-1 and
 To the Supplier in e-Form GST MIS-2
 The supplier / recipient, shall do a suitable rectifications in the statement of outward
supplies (GSTR-1) to be furnished for the month in which the discrepancy is reported.

 Where the discrepancy is not rectified, an amount to the extent of discrepancy shall
be added to the output tax liability of the recipient in his return to be furnished in
FORM GSTR-3 for the month succeeding the month in which the discrepancy is made
available.
 A recipient in whose output tax liability, amount has been added shall be liable to pay
interest at the rate of 18% from the date of availing of credit till the corresponding
additions are made.
 The recipient shall be eligible to reduce from his output tax liability, the amount added
earlier to his output tax liability, if the supplier declares the details of the invoice or
debit note in his valid return which shall be communicated electronically to the
recipient making such claim in Form GST MIS-1.
Note:
 The person who receives goods/services is termed as “recipient” whereas the person
who supplies goods or services is termed as “supplier”.

Matching and Claim of reduction in Output Tax Liability?
The detail of every Credit Note relating to Outward supply furnished for a Tax Period in
Form GSTR-3 shall be Matched :
 With the Corresponding reduction in claim of for Input Tax Credit by the
corresponding recipient for the same or subsequent tax period.
 For Duplication of claims for reduction in Output Tax Liability.
If the claim for reduction of output tax liability by the supplier matches with the
corresponding reduction of ITC by the recipient, then the same shall be communicated in
Form GST MIS-1 to the supplier.
If the reduction of output tax liability by the supplier in respect of an outward supply is:-
 In excess of the reduction in Input Tax Credit by the recipient for the same supply or
 The corresponding Credit Note is not declared by the recipient in his valid returns,
 The duplication of claims for reduction in output tax liability by the supplier.
Matching Concept – OUTPUT TAX LIABILITY

 The said discrepancy shall be communicated, through the GST postal on or before the
last day of the month in which the matching has been carried out, to :-
 To the Recipient in e-Form GST MIS-1 and
 To the Supplier in e-Form GST MIS-2
 The supplier / recipient, shall do a suitable rectifications in the statement of outward
supplies (GSTR-1) to be furnished for the month in which the discrepancy is reported.
 Where the discrepancy is not rectified, an amount to the extent of discrepancy shall be
added to the output tax liability of the supplier.
 A supplier in whose output tax liability, amount has been added shall be liable to pay
interest at the rate of 18% from the date of such claim for reduction in output tax
liability till the corresponding additions are made.
 The supplier shall be eligible to reduce from his output tax liability, the amount added
earlier to his output tax liability, if the recipient declares the details of the credit note in
his valid return which shall be communicated electronically to the supplier making
such claim in Form GST MIS-1.
Matching Concept – OUTPUT TAX LIABILITY

If any error or omission occurs in a return, can we file a Revised Return?
 No, under GST Law, return can not be Revised but can be the error can be Rectified
in return of subsequent month in which such error was noticed
 But, no rectification of error or omission shall be allowed,
 After furnishing of the return month of September following the end of the
financial year, OR,
 Furnishing of the relevant annual return, whichever is earlier.
Return Filing- Rectification
Refund of Interest paid on reclaim of reversals Due to Mismatch: -
 Where any reduction in Output Tax Liability has been accepted, on account of
Mismatch, the Interest paid @ 18% shall be refunded to the recipient or supplier as
the case maybe:
 It shall be claimed by the registered person in his return in FORM GSTR-3, and
 Credited to his electronic credit ledger in FORM GST PMT-05,
 Amount credited shall be available for payment of any future liability towards
interest; or he May claim its Refund.

What if a person fails to file his return on or before Due date?
 If a person fails to file his return,
 A notice shall be issued in FORM GSTR-3A
 Requiring him to furnish such return within 15 days.
What shall be the penalty of not filing of return within due date?
 Where, any person who fails to furnish a return of outward supplies/ inward supplies/
monthly return/ final return within due date,
 He shall be liable to pay Late Fee of ₹100 per day during which such failure
continues, subject to a maximum of ₹ 5,000.
 Where any person who fails to furnish annual return within due date,
 He shall be liable to pay a Late Fee of ₹ 100 per day
 Subject to a maximum of amount which shall be 0.25% of the total turnover in
state or union territory.
PENALTY FOR NON-FILING OF RETURN

Do we have to file return as prescribed from the July 01,2017?
No, Government has provided relaxation in filing of monthly return (GSTR-3)
for the period of 2 months i.e. July and August.
Instead of filing monthly return in Form GSTR-3, every registered person can
file statement in Form GSTR-3B containing the information of all the inward
and outward supply of goods/services by :
20th August for the month of July.
20th September for the month of August.
RETURN FILING UNDER GST

• The due dates of filing GSTR-1 and GSTR-2 for the month of July and August has
been changed through Notification No. 29/2017 – Central Tax dated 05/09/2017 to:
RETURN FILING UNDER GST
Month Return Revised Due Date
July GSTR-1 10/09/2017
July GSTR-2 25/09/2017
July GSTR-3 30/09/2017
August GSTR-1 05/10/2017

THANK YOU
FOR ANY QUERIES KINDLY CONTACT OUR GST TEAM :
ASIJA & ASSOCIATES LLP
CHARTERED ACCOUNTANTS
H.O. : 34/5 , GOKHALE MARG, LUCKNOW
PH. NO. : 0522-4004652,2205072
gst@asija.in
CA Rahul Mishra
Partner
(rahul.mishra@asija.in)
CA Amber Agrawal
Associate Director
(amber.agrawal@asija.in)
CA Ashish Kapoor
Partner
(ashish.kapoor@asija.in)

DISCLAIMER
This presentation has been prepared to provide a gist of the applicable law
pertaining to GST as issued till date. (06/09/2017)
For detailed insight and for better understanding of the various provision of the
law, the said presentation should be read along with related provision of CGST
Act, IGST Act, SGST Act & related CGST rules, 2017.
We shall not be responsible for any decision taken on the basis of the said
presentation, without obtaining our professional guidance or consultation on
the matter for which reliance was made on this presentation.”

Returns Under GST

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