Presentations on GST – Return
GST
Dated:- 10-8-2017
Presentations on GST – Return
\n=============
\nDocument 1Returns for Taxpayers
\nDesigned and Developed by GSTN
\nHv
\nGoods and Services Tax
\nCH
\nCH
\n\u00e3\u0081\u008d
\nKD
\n\u00e3\u0081\u008d
\n\u00e3\u0081\u008d
\n\u00e4\u00b8\u0161
\nReturns for Taxpayers
\nSome Highlights
\nDesigned and Developed by GSTN
\nSingle Interface
\n\u00e2\u0153\u201c One interface for all return filing
\nEasy filing through multiple
\nmodes
\nContinuous Data of Invoices
\n& Instant Updates
\nDaily invoice Upload
\nB2B Credit Verification
\n\u00e2\u0153\u201c Suppliers & receivers required to
\nvalidate each others invoices for
\nseamless flow of credit
\nRevision of Earlier Declared
\nEntries
\nSlide 2
\nReturns for Taxpayers
\nModule Objectives
\nAfter completing this module, you will understand:
\n\u00e2\u2013\u00a0 Overview of Returns
\n\u00e2\u2013\u00a0 Creation & submission of the monthly GSTR 1 & GSTR 2
\n\u00e2\u2013\u00a0 Create GSTR 3
\n\u00e2\u2013\u00a0 Identify who files GSTR 4, GSTR 5, GSTR 6, GSTR 7 &
\nGSTR 8 and its periodicity
\n\u00e2\u2013\u00a0 Ledger
\n–
\n–
\nElectronic Cash Ledger (ECL)
\nElectronic Credit Ledger\n<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s calendar month = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n \nSlide 10 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n to = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n intimated = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ed) digital = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n xpayers = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ributor (ISD) = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n er is earlier = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n or E-commerce operators. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n \nClick on Electronic Cash Ledger = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Services Tax = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Credit Ledger = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ility Register is only for viewing by the Taxpayer because no = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Bodies having Government ID\/Unique ID but no GSTIN. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n TN = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Presentations on GST – Return GSTDated:- 10-8-2017Presentations on GST – Return ============= Document 1Returns for Taxpayers Designed and Developed by GSTN Hv Goods and Services Tax CH CH \u00e3\u0081\u008d KD \u00e3\u0081\u008d \u00e3\u0081\u008d \u00e4\u00b8\u0161 Returns for Taxpayers Some Highlights Designed and Developed by GSTN Single Interface \u00e2\u0153\u201c One interface for all return filing Easy filing through … Continue reading “Presentations on GST – Return”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7074","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7074"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7074\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nPage 5
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nGSTR 4, GSTR 5, & GSTR 6: Due Date for Filing
\nGSTR 4
\n18th of the month following
\nend of financial quarter
\nGSTR 5*
\nGSTR 6
\n20th of every month
\n13th of every month
\n*Important: For GSTR 5 non-resident taxable persons, final
\nreturn must be filed by the 20 th of the succeeding calendar
\nmonth or within 7 days of expiration of registration
\nwhichever is earlier.
\nPlease note: The tax period for the monthly deadlines is the previous calendar month
\nPage 6
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nGSTR 7, GSTR 8, & GSTR 9: Due Date for Filing
\nGSTR 7
\nGSTR 8
\nGSTR 9*
\n10th of every month
\n10th of every month
\n31st December
\n*For previous financial year
\nPlease note: The tax period for the monthly deadlines is the previous calendar month
\nPage 7
\nReturns for Taxpayers
\nWho can file GST Returns?
\nDesigned and Developed by GSTN
\nTaxpayer
\nTax Practitioners
\nPage 8
\nReturns for Taxpayers
\nGST Portal
\nwww.gst.gov.in
\nWhere can I file m<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\n\u00e2\u2013\u00a0
\nGSTR 1: Statement for Outward Supplies
\nIn the GSTR 1, invoices are uploaded by the Supplier Taxpayer.
\nInvoice uploaded in GSTR 1 for a financial year can be modified before
\nfiling of September GSTR 3 of next financial year or filing of annual
\nreturn, whichever is earlier.
\nE-commerce sales transactions are captured explicitly in GSTR 1.
\nB2B & B2C transactions are captured separately in GSTR 1.
\nPage 11
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nGSTR 1: Statement for Outward Supplies
\nA Supplier Taxpayer is required to prepare GSTR 1 wherein they will
\nreport invoice level information.
\nGSTR 1 needs to be filed even if there is no business activity (i.e. Nil
\nReturn) during the period of return.
\nSupplier Taxpayer will file return in electronic form only.
\nInvoices for IGST, CGST\/SGST will be issued separately (in other words,
\none invoice can't have IGST as well as SGST\/CGST).
\n\u00e2\u2013\u00a0 An invoice can't have two diff<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nnext month's GSTR 2.
\nAccepted & Modified Invoices will flow to GSTR 2 & in case of Rejection
\nonly an intimation will be sent to Taxpayer & Tax Officer.
\nPage 13
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nGSTR 2: Statement of Inward Supplies
\nReceiver Taxpayer can Add any missing invoices in the GSTR 2.
\n\u00e2\u2013\u00a0 GSTR 2 is editable until receiver taxpayer has acted upon all the
\ninvoices received from all the supplier taxpayers (bulk
\napproval\/rejection is possible in GSTR 2).
\nReceiver taxpayer may choose to not act upon one or more invoices
\nwhich will carry the 'pending' status & may be acted upon in
\nsubsequent tax periods.
\nAfter executing all the necessary actions, receiver taxpayer can file
\nthe GSTR 2.
\nGSTR 2 needs to be filed even if there is no business activity (i.e. Nil
\nReturn) during the period of return. Receiver Taxpayer will file return
\nin electronic form only.
\nGSTR 2 can be filed only after 10th of the succeeding month. Why?
\nPage 14
\nReturns for Taxpayers
\nDesigned and<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nPage 16
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nGSTR 3: The Consolidated Monthly Return
\nHi, I am Vishal & I own an automobile
\nworkshop.
\nI file GSTR 1 for spare parts & services I
\nsupply to various customers.
\nI file GSTR 2 for all the spare parts I
\nreceive from various automobile
\ncompanies.
\nI file GSTR 3, on the basis of GSTR 1 &
\nGSTR 2 so my tax liability during the
\nmonth is calculated while filing of GSTR 3.
\nPage 17
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nGSTR 3: The Consolidated Monthly Return
\nHi, I am Sumit, I run a transport agency. I
\nhave drivers on contract from ABC Drivers
\nagency & I provide cab services for inter
\nand intra state travels.
\nI file GSTR 1 & GSTR 2 every month.
\nI file GSTR 3, on the basis of GSTR 1 &
\nGSTR 2 so my tax liability during the
\nmonth is calculated while filing of GSTR 3
\nPage 18
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nGSTR 3: The Consolidated Monthly Return
\nPrecondition – GSTR 1 & GSTR 2 must be filed success<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nsignature certificate (DSC) in case of Taxpayer for whom digital signing
\nis mandatory.
\n5. Taxpayer should have a valid Aadhar number with mobile number if they
\nopt for e-sign.
\nPage 21
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nFiling GSTR 1: Demonstration Using Application
\nPage 22
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nFiling GSTR 1: Demonstration Using Application – Business Rules
\n1. GSTR 1 for the current tax period cannot be filed if GSTR 3 is not filed
\nfor the immediately preceding period.
\n2. GSTR 1 can be filed only after completion of the calendar month
\nexcept in the case of casual dealers
\n3. Interest will be calculated for taxpayers on be daily or monthly based
\non final version of the law.
\nPage 23
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nFiling GSTR 2: Demonstration Using Application
\nPage 24
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nFiling GSTR 2: Demonstration Using Application – Preconditions
\n1. Taxpayer should be a re<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nDesigned and Developed by GSTN
\nFiling GSTR 3: Demonstration Using Application – Preconditions
\n1. Taxpayer should be a registered taxpayer & have an Active GSTIN for the
\ngiven tax period.
\n2. Taxpayers should have valid login credentials (i.e., User ID and password)
\n3. Taxpayer should have an active (unexpired & unrevoked) digital signature
\n(DSC) in case of Taxpayer for whom digital signing is mandatory.
\n4. Taxpayer should have a valid Aadhaar number with mobile number if they
\nopts for e-sign.
\n5. GSTR 1 & GSTR 2 for the given period must be filed successfully
\n6. GSTR 3 relating to earlier periods should be filed
\nPage 27
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nFiling GSTR 3: Demonstration Using Application – Business Rules
\n1. Post generation of GSTR-3, the liability (tax\/interest\/late fees\/penalty)
\nof the Taxpayer & ITC will be computed & updated in then Tax liability
\nRegister & Electronic Credit Ledger.
\n2. If GSTR 3 is filed with Short\/No Payment of liability, it wil<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n3
\nGSTR 8
\nAnnual Return
\nGSTR 10
\nGovernment Entities
\nGSTR 12
\nFinal Returns
\nTrack Return Status
\nBased on selected criteria,
\nsystem will display valid
\nreturns filed during that period
\nView Mismatch Reports
\nTaxpayers' Interface
\n1
\nTaxpayer's Interface: Track Return Status
\n2
\n3
\nDesigned and Developed by GSTN
\nTaxpayer logs into GST portal & clicks
\n'Track Return Status' in Returns
\nsection under the Services menu
\nSearch page (screenshot) will
\nallow taxpayer to search for
\nReturn through Status, Filing
\nPeriod or ARN
\nRelevant result(s) are
\ndisplayed & taxpayer can
\ncheck the status
\nHome
\nServices
\nNotifications & Circulars
\nActs & Rules
\nDownloads \u00e2\u2013\u00be
\nRegistration
\nGSTR 1
\nLedgers
\nReturns
\nOutward supplies made by taxpayer
\nGSTR 3
\nPayments
\nUser Services
\nGSTR 2
\nInward supplies received by a taxpayer
\nGSTR 4
\nQuarterly return for compounding Taxpayer
\nGSTR 6
\nReturn for Input Service Distributor (ISD)
\nMonthly return
\nGSTR 5
\nPeriodic return by Non-Resident Foreign Taxpayer
\nGSTR 7
\nReturn for Tax Ded<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n\u00e2\u2013\u00a0
\nCannot avail ITC on local procurement
\nFlow will be similar to GSTR 1 & so the GSTR 5 will auto populate GSTR
\n2A\/4A\/6A of Receiver Taxpayers
\nPage 32
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\n\u00e2\u2013\u00a0
\nGSTR 6: ISD Return
\nThe Input Service Distributor is responsible for the distribution of Input Tax
\nCredit to various units of the same legal entity having different GSTINS
\ntherefore, Taxpayer intending to distribute input services will be required
\nto take separate registration as an ISD
\nThe ISD receives input service invoices on which it can avail ITC and then
\ndistribute the same to various other locations based upon the consumption
\nof the services or any other method as the law may prescribe
\n\u00e2\u2013\u00a0 The GSTR 6 is auto populated from the draft GSTR 6A which is in turn auto
\npopulated by GSTR 1\/5
\nISD can Accept, Amend, & Reject the entries in GSTR 6A & upon submission
\nof draft GSTR 6A, GSTR 6 will be created & subsequently filed
\nPage 33
\nReturns for Taxpayers
\nDes<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nCurrent rate of TCS is @ 1%
\nPage 35
\nLedger
\nDesigned and Developed by GSTN
\nElectronic Cash Ledger
\nElectronic Cash Ledger is an e-Wallet for all your financial
\ntransactions with the GST
\nIt is updated in near real time
\nElectronic Cash Ledger captures all the details of amounts deposited
\nto the exchequer & utilization of such amounts for the payment of
\ntax liability, demand on account of mismatch, interest, penalties,
\nfees etc.
\nDeposits
\n+
\nPayments
\n+
\nRecord Keeping
\nSlide 36
\nLedger
\nDesigned and Developed by GSTN
\n.
\n.
\n+
\nElectronic Cash Ledger
\nCash Receipts (Credit)
\nIGST, CGST, SGST, Cess
\nCash receipts using
\nOnline\/other mode
\nTDS
\n.
\nTCS
\nLiability Payments (Debit)
\nIGST, CGST, SGST, Cess
\n\u2022
\nTax
\n\u2022
\nInterest
\n\u2022
\nPenalty
\n\u2022
\nFee
\n\u2022
\nOther Amounts
\nSlide 37
\nLedger
\nElectronic Cash Ledger: Important Note
\nDesigned and Developed by GSTN
\nDate of Deposit: The date on which taxpayer deposits funds into the
\nElectronic Cash Ledger
\nDate of Payment: The date on which<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nInput tax Credit
\n70,000
\n80,000
\n80,000
\n(Net Liability)\/Net Credit
\n20,000
\n(15,000)
\n(15,000)
\nLiability other than Return
\n0
\n0
\n0
\nFILE RETURNS >
\nPAY TAX >
\nUTILIZE ITC \/ CASH >
\nSupplier
\nSummary for Current
\nPeriod
\nReceiver
\nYour Upcoming Events and Tasks Timeline >
\nSaved Forms
\nReceived Show cause notice for
\ncancellation of Registration
\nfrom Commissioner, Bangalore
\nSlide 39
\nLedger
\nElectronic Cash Ledger: Landing Page
\nGoods and Services Tax
\nDashboard
\nServices \u00e2\u2013\u00bc
\nNotifications & Circulars \u00e2\u2013\u00bc Acts & Rules \u00e2\u2013\u00be
\nDownloads \u00e2\u2013\u00bc
\nDashboard > Electronic Cash Ledger
\nElectronic Cash Ledger
\nFinancial Year
\n2016-2017
\nLedger Views
\n1. Summary Ledger
\n2. Detailed Ledger
\nSkip to Main Content
\nA+ A-
\n\u2022 GURVINDER SINGH KAM
\n\u00e2\u2020\u2019 English
\nGURVINDER SINGH KAMRA 05AOVPK3548L1ZB
\nMonth
\nJanuary
\nCash Balance
\n* 12,22,30,027
\nAbout GST
\nWebsite Policies
\nRelated Sites
\nHelp
\nContact Us
\nDesigned and Developed by GSTN
\nLedger Balance
\nLedger Views
\n.
\nSummary View
\nDetailed View
\nSli<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nDashboard
\nServices \u00e2\u2013\u00bc
\nNotifications & Circulars
\nActs & Rules \u00e2\u2013\u00be
\nDownloads \u00e2\u2013\u00bc
\nGURVINDER SINGH KAM
\nDashboard Electronic Cash Ledger
\nElectronic Cash Ledger – Detailed
\nSelect Period
\nFrom:
\n01\/01\/2017
\nTo:
\n11\/01\/2017
\nViewing Detailed Ledger details from 01\/01\/2017 to 11\/01\/2017
\nDebit No.\/ CIN
\nDate
\n20\/12\/2016
\n11\/01\/2017
\nParticulars
\nDebit
\nGURVINDER SING KAME
\nGO
\nEnglish
\nSAC PK3548L1ZB
\nindicates mandatory fields
\nYou can Download & Print the ledger anytime
\nopeningBalance
\nClosing Palance
\nJUST (*)
\nCGST (*)
\n3,068
\n10,00,01,058
\n3,068
\n10,00,01,058
\nSGST (*)
\n2,22,25,901
\n2,22,25,901
\nBalance (*)
\n12,22,30,027
\n12,22,30,027
\nBACK
\nSAVE AS PDF
\nSAVE AS EXCEL
\nAbout GST
\nWebsite Policies
\nRelated Sites
\nHelp
\nContact Us
\nSlide 42
\nLedger
\nDesigned and Developed by GSTN
\nCreation & Maintenance of Electronic Credit Ledger
\n\u00e2\u2013\u00a0 What is Electronic Credit Ledger?
\n.
\nThe Electronic Credit Ledger is created by default when a
\ntaxpayer successfully registers under the GST regime except for
\nthose taxpaye<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nKamath Foods Private Limited
\nSaved Forms
\nReceived Show cause notice for
\ncancellation of Registration from
\nCommissioner, Bangalore
\nPage 44
\nLedger
\nDesigned and Developed by GSTN
\nCreation & Maintenance of Electronic Credit Ledger
\nWhat happens when I click on Electronic Credit Ledger?
\nLanding page for Electronic Credit Ledger will be displayed & it will contain
\n1. ITC balance as on date
\n2. Option to view summary & detailed ledgers (similar to ECL)
\n3. Option to utilise available ITC
\nGoods and Services Tax
\nDashboard
\nServices
\nNotifications & Circulars
\nActs & Rules
\nDownloads \u00e2\u2013\u00bc
\nDashboard > Ledgers Electronic Credit Ledger
\nElectronic Credit Ledger – Summary
\nFinancial Year
\n2015-16
\nLedger Views
\n1. Summary Ledger
\n2. Detailed Ledger
\nMonth
\nITC Balance
\nAugust
\n12,45,000.00
\nA+ A-
\nGanesh Harvest Solutions
\nManuj Industries Ltd. 28AAACM1090A1Z1
\nPage 45
\nUTILIZE ITC
\nLedger
\nDesigned and Developed by GSTN
\nCreation & Maintenance of Electronic Credit Ledger: Business Rules
\n1. Period selected<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nmanual entries can be made into the Tax Liability Register by the Taxpayer
\nPage 47
\nLedger
\nDesigned and Developed by GSTN
\nTax Liability Register
\nWhere can I find the Tax Liability Register in the GST Portal?
\nTaxpayer accesses GST portal
\n& reaches the landing page
\nTaxpayer logs into GST portal using
\ntheir login ID & password
\nGoods and Services Tax
\nDashboard
\nServices \u00e2\u2013\u00be Notifications & Circulars \u00e2\u2013\u00be
\nActs & Rules \u00e2\u2013\u00be
\nDownloads \u00e2\u2013\u00be
\nRegistration
\nLedgers
\nReturns
\nPayments
\nUser Services
\nElectronic Cash Ledger
\nElectronic Credit Ledger
\nTax Liability Register
\nPre-Invoice Tax IDS
\nPartial ITC Invoices
\nLiability related to Return
\n90,000
\n1,15,000
\n1,15,000
\nView Profile >
\nCash
\n40,000
\n20,000
\n20,000
\nTaxpayer navigates to –
\nGST Services > View Ledger
\n& clicks on Tax liability register
\nKamath Foods Private Limited
\nNotices\/Orders
\nSaved Forms
\nInput tax Credit
\n70,000
\n80,000
\n80,000
\n(Net Liability)\/Net Credit
\n20,000
\n(15,000)
\n(15,000)\n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n3. No manual editing is possible in the Tax Liability Ledger.
\nPage 50
\nReturns for Taxpayers
\nDesigned and Developed by GSTN
\nMismatch Reports
\n\u00e2\u2013\u00a0 The purpose of this report is to capture the mismatch reported by the
\nSupplier Taxpayer & Receiver Taxpayer.
\n\u00e2\u2014\u2030
\nThe Mismatch Report will capture the details of all such line items of
\nthe invoices & will be available as a Report for the supplier and receiver
\nTaxpayer's information & convenience.
\nThis system generated report will only be available for viewing & will
\nnot be liable for any manipulations by the viewer. The jurisdictional Tax
\nAuthorities will also be eligible to view the Mismatch Report.
\nMismatch Report will be generated for every tax period on filing of valid
\nGSTR 3 by the Taxpayer or 21st day of (M+1) whichever is later.
\nCommunication will be sent to both the parties (Supplier & Receiver) on
\ngeneration of Mismatch Report.
\nPage 51
\nReturns for Taxpayers
\nDesigned and Devel<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nUtilising Cash & ITC: Business Rules
\nPayment through CASH
\n1. The amount of Cash deposited for CGST\/SGST\/IGST\/Cess can be used only for
\npayment of CGST\/SGST\/IGST\/Cess liabilities respectively. No inter-head adjustment
\nis allowed for major-minor heads.
\n2. Cash deposited under the minor head i.e., Tax\/Interest\/Fee\/Penalty\/Others can only
\nbe utilised for payment of Tax\/Interest\/Fee\/Penalty\/Others respectively. It implies
\nthat no inter-head adjustment is allowed.
\n3. The amount allowed to be entered for utilization of cash can't be more than the
\namount of balance available under the respective major\/minor head of tax.
\n4. Amount under Cash Ledger will be used in the following priority order:
\na. Self-assessed tax, & other dues related to returns of previous tax periods;
\nb. Self-assessed tax, & other dues related to return of current tax period;
\nc. Any other amount payable under the Act or the rules made thereunder including
\nthe demand determined under section 66 or 67.
\nPage 54
\nReturns for T<\/p>\n
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