Goods and Services Tax – GST – By: – Pradeep Jain – Dated:- 17-2-2017 Last Replied Date:- 4-4-2017 – GST DAILY DOSE OF UPDATION BY CA PRADEEP JAIN Returns Section 33: Furnishing details of inward supplies The proviso in the revised draft reads as follows: (1) Every registered taxable person, other than an input service distributor or a nonresident taxable person or a person paying tax under section 9, section 46 or section 56, shall verify, validate, modify or, if required, delete the details relating to outward supplies and credit or debit notes communicated under sub-section (1) of section 32 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
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month succeeding the tax period in such form and manner as may be prescribed: PROVIDED that the Commissioner may, for valid and sufficient reasons, by notification, for such class of taxable persons as may be specified therein, extend the time limit for furnishing such details: PROVIDED FURTHER that any extension of time limit approved by the Commissioner of [Central/State] Goods and Services Tax shall be deemed to be approved by the Commissioner of [State/Central] Goods and Services Tax. (3) The details of supplies modified, deleted or included by the recipient and furnished under sub-section (2) shall be communicated to the supplier concerned in the manner and within the time as may be prescribed. (4) The details of supplies modified, del
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hat no rectification of error or omission in respect of the details furnished under sub-section (2) shall be allowed after furnishing of the return under section 34 for the month of September following the end of the financial year to which such details pertain, or furnishing of the relevant annual return, whichever is earlier. When compared with the old draft, following changes may be noticed: 1. Nonresident taxable person, input service distributor, person paying tax under composite levy scheme, deducting TDS/collecting TCS are not required to furnish the details regarding of input supply of goods & services. 2. Further return is also to be filed after tenth but on or before fifteenth day of the succeeding month 3. The commissioner ma
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