Presentations on GST – Return
GST
Dated:- 10-8-2017
Presentations on GST – Return
=============
Document 1Returns for Taxpayers
Designed and Developed by GSTN
Hv
Goods and Services Tax
CH
CH
ã
KD
ã
ã
业
Returns for Taxpayers
Some Highlights
Designed and Developed by GSTN
Single Interface
✓ One interface for all return filing
Easy filing through multiple
modes
Continuous Data of Invoices
& Instant Updates
Daily invoice Upload
B2B Credit Verification
✓ Suppliers & receivers required to
validate each others invoices for
seamless flow of credit
Revision of Earlier Declared
Entries
Slide 2
Returns for Taxpayers
Module Objectives
After completing this module, you will understand:
â– Overview of Returns
â– Creation & submission of the monthly GSTR 1 & GSTR 2
â– Create GSTR 3
â– Identify who files GSTR 4, GSTR 5, GSTR 6, GSTR 7 &
GSTR 8 and its periodicity
â– Ledger
–
–
Electronic Cash Ledger (ECL)
Electronic Credit Ledger
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
s calendar month
Page 5
Returns for Taxpayers
Designed and Developed by GSTN
GSTR 4, GSTR 5, & GSTR 6: Due Date for Filing
GSTR 4
18th of the month following
end of financial quarter
GSTR 5*
GSTR 6
20th of every month
13th of every month
*Important: For GSTR 5 non-resident taxable persons, final
return must be filed by the 20 th of the succeeding calendar
month or within 7 days of expiration of registration
whichever is earlier.
Please note: The tax period for the monthly deadlines is the previous calendar month
Page 6
Returns for Taxpayers
Designed and Developed by GSTN
GSTR 7, GSTR 8, & GSTR 9: Due Date for Filing
GSTR 7
GSTR 8
GSTR 9*
10th of every month
10th of every month
31st December
*For previous financial year
Please note: The tax period for the monthly deadlines is the previous calendar month
Page 7
Returns for Taxpayers
Who can file GST Returns?
Designed and Developed by GSTN
Taxpayer
Tax Practitioners
Page 8
Returns for Taxpayers
GST Portal
www.gst.gov.in
Where can I file m
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Slide 10
Returns for Taxpayers
Designed and Developed by GSTN
â–
GSTR 1: Statement for Outward Supplies
In the GSTR 1, invoices are uploaded by the Supplier Taxpayer.
Invoice uploaded in GSTR 1 for a financial year can be modified before
filing of September GSTR 3 of next financial year or filing of annual
return, whichever is earlier.
E-commerce sales transactions are captured explicitly in GSTR 1.
B2B & B2C transactions are captured separately in GSTR 1.
Page 11
Returns for Taxpayers
Designed and Developed by GSTN
GSTR 1: Statement for Outward Supplies
A Supplier Taxpayer is required to prepare GSTR 1 wherein they will
report invoice level information.
GSTR 1 needs to be filed even if there is no business activity (i.e. Nil
Return) during the period of return.
Supplier Taxpayer will file return in electronic form only.
Invoices for IGST, CGST/SGST will be issued separately (in other words,
one invoice can't have IGST as well as SGST/CGST).
â– An invoice can't have two diff
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
to
next month's GSTR 2.
Accepted & Modified Invoices will flow to GSTR 2 & in case of Rejection
only an intimation will be sent to Taxpayer & Tax Officer.
Page 13
Returns for Taxpayers
Designed and Developed by GSTN
GSTR 2: Statement of Inward Supplies
Receiver Taxpayer can Add any missing invoices in the GSTR 2.
â– GSTR 2 is editable until receiver taxpayer has acted upon all the
invoices received from all the supplier taxpayers (bulk
approval/rejection is possible in GSTR 2).
Receiver taxpayer may choose to not act upon one or more invoices
which will carry the 'pending' status & may be acted upon in
subsequent tax periods.
After executing all the necessary actions, receiver taxpayer can file
the GSTR 2.
GSTR 2 needs to be filed even if there is no business activity (i.e. Nil
Return) during the period of return. Receiver Taxpayer will file return
in electronic form only.
GSTR 2 can be filed only after 10th of the succeeding month. Why?
Page 14
Returns for Taxpayers
Designed and
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
intimated
Page 16
Returns for Taxpayers
Designed and Developed by GSTN
GSTR 3: The Consolidated Monthly Return
Hi, I am Vishal & I own an automobile
workshop.
I file GSTR 1 for spare parts & services I
supply to various customers.
I file GSTR 2 for all the spare parts I
receive from various automobile
companies.
I file GSTR 3, on the basis of GSTR 1 &
GSTR 2 so my tax liability during the
month is calculated while filing of GSTR 3.
Page 17
Returns for Taxpayers
Designed and Developed by GSTN
GSTR 3: The Consolidated Monthly Return
Hi, I am Sumit, I run a transport agency. I
have drivers on contract from ABC Drivers
agency & I provide cab services for inter
and intra state travels.
I file GSTR 1 & GSTR 2 every month.
I file GSTR 3, on the basis of GSTR 1 &
GSTR 2 so my tax liability during the
month is calculated while filing of GSTR 3
Page 18
Returns for Taxpayers
Designed and Developed by GSTN
GSTR 3: The Consolidated Monthly Return
Precondition – GSTR 1 & GSTR 2 must be filed success
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ed) digital
signature certificate (DSC) in case of Taxpayer for whom digital signing
is mandatory.
5. Taxpayer should have a valid Aadhar number with mobile number if they
opt for e-sign.
Page 21
Returns for Taxpayers
Designed and Developed by GSTN
Filing GSTR 1: Demonstration Using Application
Page 22
Returns for Taxpayers
Designed and Developed by GSTN
Filing GSTR 1: Demonstration Using Application – Business Rules
1. GSTR 1 for the current tax period cannot be filed if GSTR 3 is not filed
for the immediately preceding period.
2. GSTR 1 can be filed only after completion of the calendar month
except in the case of casual dealers
3. Interest will be calculated for taxpayers on be daily or monthly based
on final version of the law.
Page 23
Returns for Taxpayers
Designed and Developed by GSTN
Filing GSTR 2: Demonstration Using Application
Page 24
Returns for Taxpayers
Designed and Developed by GSTN
Filing GSTR 2: Demonstration Using Application – Preconditions
1. Taxpayer should be a re
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
xpayers
Designed and Developed by GSTN
Filing GSTR 3: Demonstration Using Application – Preconditions
1. Taxpayer should be a registered taxpayer & have an Active GSTIN for the
given tax period.
2. Taxpayers should have valid login credentials (i.e., User ID and password)
3. Taxpayer should have an active (unexpired & unrevoked) digital signature
(DSC) in case of Taxpayer for whom digital signing is mandatory.
4. Taxpayer should have a valid Aadhaar number with mobile number if they
opts for e-sign.
5. GSTR 1 & GSTR 2 for the given period must be filed successfully
6. GSTR 3 relating to earlier periods should be filed
Page 27
Returns for Taxpayers
Designed and Developed by GSTN
Filing GSTR 3: Demonstration Using Application – Business Rules
1. Post generation of GSTR-3, the liability (tax/interest/late fees/penalty)
of the Taxpayer & ITC will be computed & updated in then Tax liability
Register & Electronic Credit Ledger.
2. If GSTR 3 is filed with Short/No Payment of liability, it wil
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ributor (ISD)
3
GSTR 8
Annual Return
GSTR 10
Government Entities
GSTR 12
Final Returns
Track Return Status
Based on selected criteria,
system will display valid
returns filed during that period
View Mismatch Reports
Taxpayers' Interface
1
Taxpayer's Interface: Track Return Status
2
3
Designed and Developed by GSTN
Taxpayer logs into GST portal & clicks
'Track Return Status' in Returns
section under the Services menu
Search page (screenshot) will
allow taxpayer to search for
Return through Status, Filing
Period or ARN
Relevant result(s) are
displayed & taxpayer can
check the status
Home
Services
Notifications & Circulars
Acts & Rules
Downloads â–¾
Registration
GSTR 1
Ledgers
Returns
Outward supplies made by taxpayer
GSTR 3
Payments
User Services
GSTR 2
Inward supplies received by a taxpayer
GSTR 4
Quarterly return for compounding Taxpayer
GSTR 6
Return for Input Service Distributor (ISD)
Monthly return
GSTR 5
Periodic return by Non-Resident Foreign Taxpayer
GSTR 7
Return for Tax Ded
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
er is earlier
â–
Cannot avail ITC on local procurement
Flow will be similar to GSTR 1 & so the GSTR 5 will auto populate GSTR
2A/4A/6A of Receiver Taxpayers
Page 32
Returns for Taxpayers
Designed and Developed by GSTN
â–
GSTR 6: ISD Return
The Input Service Distributor is responsible for the distribution of Input Tax
Credit to various units of the same legal entity having different GSTINS
therefore, Taxpayer intending to distribute input services will be required
to take separate registration as an ISD
The ISD receives input service invoices on which it can avail ITC and then
distribute the same to various other locations based upon the consumption
of the services or any other method as the law may prescribe
â– The GSTR 6 is auto populated from the draft GSTR 6A which is in turn auto
populated by GSTR 1/5
ISD can Accept, Amend, & Reject the entries in GSTR 6A & upon submission
of draft GSTR 6A, GSTR 6 will be created & subsequently filed
Page 33
Returns for Taxpayers
Des
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
or E-commerce operators.
Current rate of TCS is @ 1%
Page 35
Ledger
Designed and Developed by GSTN
Electronic Cash Ledger
Electronic Cash Ledger is an e-Wallet for all your financial
transactions with the GST
It is updated in near real time
Electronic Cash Ledger captures all the details of amounts deposited
to the exchequer & utilization of such amounts for the payment of
tax liability, demand on account of mismatch, interest, penalties,
fees etc.
Deposits
+
Payments
+
Record Keeping
Slide 36
Ledger
Designed and Developed by GSTN
.
.
+
Electronic Cash Ledger
Cash Receipts (Credit)
IGST, CGST, SGST, Cess
Cash receipts using
Online/other mode
TDS
.
TCS
Liability Payments (Debit)
IGST, CGST, SGST, Cess
•
Tax
•
Interest
•
Penalty
•
Fee
•
Other Amounts
Slide 37
Ledger
Electronic Cash Ledger: Important Note
Designed and Developed by GSTN
Date of Deposit: The date on which taxpayer deposits funds into the
Electronic Cash Ledger
Date of Payment: The date on which
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Click on Electronic Cash Ledger
Input tax Credit
70,000
80,000
80,000
(Net Liability)/Net Credit
20,000
(15,000)
(15,000)
Liability other than Return
0
0
0
FILE RETURNS >
PAY TAX >
UTILIZE ITC / CASH >
Supplier
Summary for Current
Period
Receiver
Your Upcoming Events and Tasks Timeline >
Saved Forms
Received Show cause notice for
cancellation of Registration
from Commissioner, Bangalore
Slide 39
Ledger
Electronic Cash Ledger: Landing Page
Goods and Services Tax
Dashboard
Services â–¼
Notifications & Circulars â–¼ Acts & Rules â–¾
Downloads â–¼
Dashboard > Electronic Cash Ledger
Electronic Cash Ledger
Financial Year
2016-2017
Ledger Views
1. Summary Ledger
2. Detailed Ledger
Skip to Main Content
A+ A-
• GURVINDER SINGH KAM
→ English
GURVINDER SINGH KAMRA 05AOVPK3548L1ZB
Month
January
Cash Balance
* 12,22,30,027
About GST
Website Policies
Related Sites
Help
Contact Us
Designed and Developed by GSTN
Ledger Balance
Ledger Views
.
Summary View
Detailed View
Sli
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Services Tax
Dashboard
Services â–¼
Notifications & Circulars
Acts & Rules â–¾
Downloads â–¼
GURVINDER SINGH KAM
Dashboard Electronic Cash Ledger
Electronic Cash Ledger – Detailed
Select Period
From:
01/01/2017
To:
11/01/2017
Viewing Detailed Ledger details from 01/01/2017 to 11/01/2017
Debit No./ CIN
Date
20/12/2016
11/01/2017
Particulars
Debit
GURVINDER SING KAME
GO
English
SAC PK3548L1ZB
indicates mandatory fields
You can Download & Print the ledger anytime
openingBalance
Closing Palance
JUST (*)
CGST (*)
3,068
10,00,01,058
3,068
10,00,01,058
SGST (*)
2,22,25,901
2,22,25,901
Balance (*)
12,22,30,027
12,22,30,027
BACK
SAVE AS PDF
SAVE AS EXCEL
About GST
Website Policies
Related Sites
Help
Contact Us
Slide 42
Ledger
Designed and Developed by GSTN
Creation & Maintenance of Electronic Credit Ledger
â– What is Electronic Credit Ledger?
.
The Electronic Credit Ledger is created by default when a
taxpayer successfully registers under the GST regime except for
those taxpaye
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Credit Ledger
Kamath Foods Private Limited
Saved Forms
Received Show cause notice for
cancellation of Registration from
Commissioner, Bangalore
Page 44
Ledger
Designed and Developed by GSTN
Creation & Maintenance of Electronic Credit Ledger
What happens when I click on Electronic Credit Ledger?
Landing page for Electronic Credit Ledger will be displayed & it will contain
1. ITC balance as on date
2. Option to view summary & detailed ledgers (similar to ECL)
3. Option to utilise available ITC
Goods and Services Tax
Dashboard
Services
Notifications & Circulars
Acts & Rules
Downloads â–¼
Dashboard > Ledgers Electronic Credit Ledger
Electronic Credit Ledger – Summary
Financial Year
2015-16
Ledger Views
1. Summary Ledger
2. Detailed Ledger
Month
ITC Balance
August
12,45,000.00
A+ A-
Ganesh Harvest Solutions
Manuj Industries Ltd. 28AAACM1090A1Z1
Page 45
UTILIZE ITC
Ledger
Designed and Developed by GSTN
Creation & Maintenance of Electronic Credit Ledger: Business Rules
1. Period selected
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ility Register is only for viewing by the Taxpayer because no
manual entries can be made into the Tax Liability Register by the Taxpayer
Page 47
Ledger
Designed and Developed by GSTN
Tax Liability Register
Where can I find the Tax Liability Register in the GST Portal?
Taxpayer accesses GST portal
& reaches the landing page
Taxpayer logs into GST portal using
their login ID & password
Goods and Services Tax
Dashboard
Services â–¾ Notifications & Circulars â–¾
Acts & Rules â–¾
Downloads â–¾
Registration
Ledgers
Returns
Payments
User Services
Electronic Cash Ledger
Electronic Credit Ledger
Tax Liability Register
Pre-Invoice Tax IDS
Partial ITC Invoices
Liability related to Return
90,000
1,15,000
1,15,000
View Profile >
Cash
40,000
20,000
20,000
Taxpayer navigates to –
GST Services > View Ledger
& clicks on Tax liability register
Kamath Foods Private Limited
Notices/Orders
Saved Forms
Input tax Credit
70,000
80,000
80,000
(Net Liability)/Net Credit
20,000
(15,000)
(15,000)
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Bodies having Government ID/Unique ID but no GSTIN.
3. No manual editing is possible in the Tax Liability Ledger.
Page 50
Returns for Taxpayers
Designed and Developed by GSTN
Mismatch Reports
â– The purpose of this report is to capture the mismatch reported by the
Supplier Taxpayer & Receiver Taxpayer.
â—‰
The Mismatch Report will capture the details of all such line items of
the invoices & will be available as a Report for the supplier and receiver
Taxpayer's information & convenience.
This system generated report will only be available for viewing & will
not be liable for any manipulations by the viewer. The jurisdictional Tax
Authorities will also be eligible to view the Mismatch Report.
Mismatch Report will be generated for every tax period on filing of valid
GSTR 3 by the Taxpayer or 21st day of (M+1) whichever is later.
Communication will be sent to both the parties (Supplier & Receiver) on
generation of Mismatch Report.
Page 51
Returns for Taxpayers
Designed and Devel
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
TN
Utilising Cash & ITC: Business Rules
Payment through CASH
1. The amount of Cash deposited for CGST/SGST/IGST/Cess can be used only for
payment of CGST/SGST/IGST/Cess liabilities respectively. No inter-head adjustment
is allowed for major-minor heads.
2. Cash deposited under the minor head i.e., Tax/Interest/Fee/Penalty/Others can only
be utilised for payment of Tax/Interest/Fee/Penalty/Others respectively. It implies
that no inter-head adjustment is allowed.
3. The amount allowed to be entered for utilization of cash can't be more than the
amount of balance available under the respective major/minor head of tax.
4. Amount under Cash Ledger will be used in the following priority order:
a. Self-assessed tax, & other dues related to returns of previous tax periods;
b. Self-assessed tax, & other dues related to return of current tax period;
c. Any other amount payable under the Act or the rules made thereunder including
the demand determined under section 66 or 67.
Page 54
Returns for T
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =