Category: Returns under GST

Where any return except Annual return, is filed belatedly, the registered taxable person shall be liable to pay a late fee of one hundred rupees for each day of delay subject to a maximum of five thousand rupees.

(ICAI FAQ PUBLICATIONS 06-09-2017 RETURNS: FAQ NO. 54)

Input Service Distributor is not liable to furnish the details of inward and outward supplies. Input Service Distributor is liable to file return in FORM GSTR-6 on or before 13th of the month succeeding the tax period. The details relating to input tax credit distributed is communicated to the recipient in Part B of FORM GSTR-2A.

(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 20)

 

Goods and service tax practitioner is a person who has been approved to act as a goods and service tax practitioner as per Section 48 of the CGST Act, 2017. He has to satisfy the conditions and eligibility as prescribed under the Rules to act as a goods and service tax practitioner. A registered taxable person can authorise an approved goods and service tax practitioner to file the returns in FORM GSTR-1, GSTR-2, GSTR-3, GSTR-4, GSTR-5, GSTR-6, GSTR-7, Annual return in FORM GSTR-9 and Final return in FORM GSTR-10, and also to perform other tasks as may be prescribed. In respect of returns filed by the goods and service tax practitioner, the registered taxable person will be responsible for the correctness of the details furnished in the returns.

(ICAI FAQ PUBLICATIONS 06-09-2017 RETURNS: FAQ NO. 55)

A non-resident taxable assesse is liable to file FORM GSTR-5 for furnishing the monthly details of inward and outward supplies, debit/credit notes, tax paid details, details of closing stock and refund claimed, if any. The return should be furnished by 20th of the month succeeding the tax period, or within 7 days from the last day of the validity of registration.

(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 19)

 

While furnishing the return in FORM GSTR-4, the assesse has to furnish the following details:-
(a) Invoice wise details of inter-State and intra-State inward supplies received from registered and unregistered persons
(b) Import of goods and services
(c) Consolidated details of outward supplies
(d) Debit and credit notes issued and received, if any
(e) TCS Credit received
(f) Consolidated statement of advances paid/adjusted
(g) Amendment of outward supplies furnished in earlier returns

(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 18)

 

1. FORM GSTR-4A contains the details of inward supplies received by composition suppliers from registered taxable persons, debit/credit notes received and tax deducted at source.
2. This statement is auto populated from Forms GSTR-1, GSTR-5 and GSTR-7 filed by other assesses

(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 17)

 

No. An assesse under the composition scheme is not required to furnish details of inward and outward supplies. Such assesses are required to file quarterly returns in FORM GSTR-4 within 18 days from the end of quarter.

(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 16)

 

After finalizing the statements for outward and inward supplies, a registered taxable person has to file the monthly return in FORM GSTR-3. However, the following persons are not required to file the FORM GSTR-3 return:-
(a) Registered taxable person paying taxes under Composition scheme (Form
GSTR-4 to be furnished instead)
(b) Input service distributor (FORM GSTR-6 to be furnished instead)
(c) Non-resident taxable person (FORM GSTR-5 to be furnished instead)
(d) Person liable to deduct tax at source as per Section 51 (FORM GSTR-7 to be furnished instead)
(e) Person liable to deduct tax at source as per Section 52 (FORM GSTR-8 shall be furnished instead)
The return in FORM GSTR-3 will be auto populated from Forms GSTR-1 and GSTR-2.
Further, the details of tax, interest and penalty paid have to be reported in Part B of FORM GSTR-3. The return has to be filed by 20th of the succeeding tax period.

(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 15)

 

1. In FORM GSTR-2, against each inward supply at invoice level, the assesse has to state whether he is fully eligible, partially eligible or not eligible for availing credit on such inward supply.
2. Further, in case invoice level details cannot be mentioned, the assesse can specify the quantum of ineligible input tax credit on inward supplies, which are relatable to non-taxable supplies or for purpose other than business.
3. Also he has the option to accept, reject, modify or do nothing regarding an input tax credit.

(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 14)

 

As per Section 37, details of inward supply of the recipient should match with the outward supply declared by the supplier for the current tax period or for the earlier tax period. In this case, the inward supply of the recipient is filed for the period September 2017 and will match with the outward supply of the supplier filed for the period August 2017.

(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 13)