Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 25-4-2018 Last Replied Date:- 1-12-2018 – Filing of returns Section 39(1) of Central Goods and Services Tax Act, 2017 ( Act for short) provides that every registered person, other than an Input Service Distributor or a non resident taxable person or a person paying tax under section 10 or section 51 or section 52 shall, for every calendar month or part thereof, furnish, in such form and manner as may be prescribed, a return, electronically, of inward and outward supplies of goods or services or both, input tax credit availed, tax payable, tax paid and such other particulars as may be prescribed, on or before the twentieth day of the month succeeding such calendar month or part thereof. Cancellation of registration Section 29 (1) of the Act provides that the proper officer may, either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death of such person, cancel the
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
specified in clause (b), has not furnished returns for a continuous period of six months; or any person who has taken voluntary registration under sub-section (3) of section 25 has not commenced business within six months from the date of registration; or registration has been obtained by means of fraud, wilful misstatement or suppression of facts. Section 29(3) provides that the cancellation of registration under this section shall not affect the liability of the person to pay tax and other dues under this Act or to discharge any obligation under this Act or the rules made there under for any period prior to the date of cancellation whether or not such tax and other dues are determined before or after the date of cancellation. Section 29(5) provides that Every registered person whose registration is cancelled shall pay an amount, by way of debit in the electronic credit ledger or electronic cash ledger, equivalent to the credit of input tax in respect of inputs held in stock and inpu
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
rm GSTR 10 Form GSTR 10 is prescribed for final return. This form is not required to be filed by tax payers or persons who are registered as- Input Service Distributor; Persons paying tax under section 10 (composition scheme); Nonresident taxable person; Persons required to deduct tax at source under section 51; and Persons required collecting tax at source under section 52. The following information is to be furnished in form GSTR – 10- General Information- GSTIN; Legal Name; Trade name, if any; Address for future correspondence; Effective date of cancellation of registration (Date of closure of business or the date from which registration is to be cancelled); Reference number of cancellation order; Date of cancellation order. Details of- inputs held in stock (where invoice is available), inputs contained in semi-finished or finished goods held in stock (where invoice is available), capital goods/plant and machinery held in stock; inputs held in stock or inputs as contained in semi-fi
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
e of invoice/purchase taking useful life as five years. The details furnished for inputs held in stock or inputs as contained in semi-finished/finished goods held in stock (where invoice is not available) shall be duly certified by a practicing Chartered Accountant or Cost Accountant. The Copy of the certificate shall be uploaded while filing the data. Amount of tax payable and paid- Sl. No.; Description – Central Tax; State/Union Territory Tax; Integrated Tax; Cess ITC reversible/Tax payable; Tax paid along with application for cancellation of registration; Balance Tax payable Amount paid through debit to electronic cash ledger; Amount paid through debit to electronic cash ledger. Interest payable and ;aid on account of integrated tax, central tax, State/Union Territory Tax and Cess; Late fee payable for Central tax and State/Union Territory tax. Verification by the authorized signatory declaring that the information given is true and correct to the best of my knowledge and belief and
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =