Part 11- GST - REturn & AMP Refunds

 Introduction, GST Council, CGST & SGST or IGST
 Why GST & Taxes Subsumed Under GST
 HSN Code & Rates of Taxes
 Key Concepts Under GST & Definition Of Taxable Person
 Meaning of Supply U/s 3 instead of Sale
 Definition Of Goods & Services
 Place of Supply U/s 12- to Check Inter/Intra State
 Time of Supply - to decide when GST Taxes becomes payable
 Registration and Composition Scheme
 Returns Under GST and their Dates
 Input Tax Credit & Job Work Treatment
 Impacts On Businesses
 Assessment, Audit and Prosecution & Arrest
 E-Way Bill and Transporting Under GST
Sequence to Study GST For Understanding

Return Taxpayer Time limit
GSTR 1 (Outward supply) Normal/Regular & Casual Taxpayer To be filled till 10th day of succeeding
month
GSTR 2 (Inward supply) Normal/Regular & Casual Taxpayer To be filled till 15th day of succeeding
month
GSTR 3 (Monthly return) Normal/Regular & Casual Taxpayer To be filled till 20th day of succeeding
month
GSTR 4 (Quarterly Return
for Compounding Dealer)
Compounding Taxpayer To be filled till 18th day of succeeding
month
GSTR 5 (Return for Non
Resident Taxpayers
(Foreigners)
Foreign Non-Resident Taxpayer To be furnished on monthly basis by
20th of the month & within 7 days
after expiry of registration
GSTR 6 ( Return for Input
Service Distributor)
Input Service Distributor To be filled till 15th day of succeeding
month
GSTR 7 (TDS) Tax Deductor To be filled till 10th day of succeeding
month
GSTR 8 (Supply effected
through e commerce and
TCS)
E commerce operator To be filled till 10th day of succeeding
month
GSTR 9 (Annual Return) Normal/Regular & Casual
Taxpayer/Compounding Taxpayer
To be filled till 31st Dec
GSTR 10 (Final Return) For taxable person whose
registration has been surrendered
or cancelled
GSTR 11 (inward supply) To be furnished by a person having
UIN
SummaryofReturn

RETURNS UNDER GST
CA Sanjiv Nanda
Taxpayer At Normal Rates
GSTR-1 Outward Supply 10th of Next Month
GSTR-2 Inward Supply 15th Of Next Month
GSTR-3 Monthly Return 20th Of Next Month
GSTR-9 Annual Return 31st Dec of Next FY
Taxpayer At Compounding Rates
GSTR-4 Quarterly Return 18th of the Month Next
to Quarter
GSTR-9 Annual Return 31st Dec of Next FY
37
Returns
5
Returns

Temporary Relief In GST RETURNS Filing
Dates
 The GST Roll Out to happen from 1st July, 2017 though
Government planning to give leeway for the first two (2)
Months.
 Relief in Filing of 1st GSTR-1 (Return of Outward Supply-
giving Invoice wise details) which is due on 10th August can
be filed between 1st to 6th September and the 2nd GSTR-1
due on 10th September can be filed between 16th to 20th
September,2017.
 In the Interim a simple GST Return called GSTR-3B
containing summary of the Outward and Inward Supply
will have to be filed for the month of July by 20th August
and for the month of September by 20th September,2017.
 No Late Fee or Interest to be levied for these Two(2)
months of delayed filing.
CA Sanjiv Nanda

GST Return July
Earlier Now
Temporary Relief In GST RETURNS Filing Dates
GSTR-1 10th August 5th September
GSTR-3B NA 20th August
GST Return August
Earlier Now
GSTR-1 10th September 20th September
GSTR-3B NA 20th September
CA Sanjiv Nanda

CA Sanjiv Nanda
Details to be furnished in Returns
GSTR1- Outward Supplies GSTR 2- Inward Supplies
• Taxpayer details
• Return period details
• Invoice level specified details
• Aggregate State-wise summary
• Aggregate summary
• Export & deemed Export:
Invoice details along with shipping
bill details
• Details of Debit Notes / Credit
Notes
• Details of tax liability on receipt
of advance
• Details of subsequent issuance
of invoices
• Invoice level details received
from taxpayer (auto populated
from GSTR 1 filled by supplier)
• Bill of entry details of import of
goods
• Invoice level details of import of
services
• Details of debit note, credit note
• Option to declare eligibility for
ITC
• Aggregate summary of receipts
of exempted, nil rated, non-GST
supplies & supplies received from
unregistered person
• Details of ITC received from ISD
• Details of cash credit received on
account of TDS

GSTR 3- Monthly Returns GSTR 4- Quarterly Comp.Rtn
• Details of GSTR 1 and GSTR 2
will be auto populated here
• Details of all liabilities like
• tax, interest, penalty, late fee etc
• Details of input tax credit ailed,
utilized, credit reversible
• Bank account number
• Inward supply details
• Details of import of goods and
services
• Details of outward supply: intra-
state, exports & non-GST
• Details of all liabilities (Tax,
interest, penalty, late fee, etc.)
• Details of payment of tax and
other statutory liabilities
• Provision for capturing Debit Entry
No. of Cash ledger
• Information on possibility of
crossing composition limit before
date of next return

GSTR 5-Rt NRI GSTR 6-ISD GSTR 7-TDS GSTR 8-
eComerce
•Details of
imported goods:
HSN details at 8
digit level
• Details of
outward supplies
• Details of ITC
availed
• Details of tax
payable
•Details of tax paid
•Closing stock of
goods
•Details of ITC
•Details of credit of
CGST, SGST &
IGST distributed
•Details of ISD
ledger
•Opening and
closing balance of
ITC
•ITC received,
reversed and
distributed
•GST identification
number of supplier
•Invoice details
•Payment details
•Amount of TDS
on account of
CGST,SGST and
IGST
•Details of supplies
effected through e-
commerce operator
Details of TCS

GSTR 9-Annual
Return
GSTR 10 GSTR 10
Details of all
expenditure,
income, other
tax liability
•For Taxable
person whose
registration
has been
surrendered
or cancelled
•Details of
Purchases
made for
consumption or
use.
CA Sanjiv Nanda

Matching Concept (Sec 37)
This is the most interesting part of GST where returns would be matched by
both ends (Supplier – Receiver) before the credit is passed. It would ensure
that both parties keep their invoices updated on the portal to avail credit.
Firstly, GSTR-1 return where outward supplies would be filed by 10th of the
succeeding month.
Secondly, while filing GSTR-2 return for inward supplies the taxable person would
get to verify the details which were filed in GSTR-1 return by the seller.
Now, if the details of the both the parties do not tally u/s 29 of matching,
reversal and reclaim of input credit then the defaulter would be liable to pay
additional tax with interest.
No rectification after filing the return u/s 27 for the month of September
following the end of financial year OR annual return whichever is earlier.

Invoice Level Information
Type of Invoice Description
Intrastate B2C supplies •Consolidated sales details' needs to be uploaded.
•Covers Non- registered Government entities, consumer/ person
with exempted/Nil rated or non GST good or services
Bill of entry related to Import •Bill of Entry number, date and value.
•Assessable value Code for IGST.
•8-digit HSN Code for goods.
•IGST rate
•Importer’s address (for transfer of IGST
Credit Note/ Debit Note •Debit / Credit note number.
•Original invoice number and date.
•Taxable value, tax rate and tax amount (CGT & SGST or IGST and
additional tax)
TDS •GSTIN/GDI of dedicator.
•GSTIN of deductee/supplier.
•Invoice no. with date, TDS Certificate no. with date and value .
•Taxable value.
•Rate of TDS for IGST, CGST, and SGST as applicable.
•Amount of IGST, CGST and SGST as applicable , deducated as TDS

Other Returns – Information
 Final aggregate level
outward and inward supply
Information.
 Separate table for capturing
the TDS credit.
 Information about ITC ledger,
cash ledger and liability ledger
 Details of ITC balance (CGST,
SGST and IGST) at the end of
the tax period
Details of all the income and expenditure of the taxpayer
and regroup in accordance with monthly returns filed
Details of pending arrears against the taxpayer and the
current status of the orders leading to such arrears.
Details of all the refund claims pending with the tax
authorities would also be captured.
Audited copies of the Annual Accounts of the debater
would also be required to be filed along with annual return
by 31st December
 The gross/ loss indicated in the annual return should tally
with the gross profit/ loss declared in the annual accounts.
A separate reconciliation statement , duly certified by a
Chartered Accountant, will have to be filed by those
taxpayers who are required to get their account audited
under section 44AB of income Tax Act 1961, Currently this
limit is INR 1 Corer.
GSTR 3
Monthly Return
GSTR 9
Annual Return
Annual return requires ‘quantity’ to be captured in purchase info, which is not there in
monthly returns.

RECTIFICATION OF MISTAKE
CA. Sanjiv Nanda, Smarthead Consultants
Return can not be revised under GST Act. Only Mistakes can be rectified
by showing transaction in the month in which such mistake is noticed by
the dealer. Limitation period is earlier of the period on which next year
September return is filed or annual return is filed.
If mistake relates to March-2018 then mistake can be corrected up to
furnishing of return for the month of Sep., 2018, if return and annual
return are filed in due date. (Around 6 months).
If mistake relates to July, 2017 then mistake can be corrected up to
furnishing of return for the month of Sep., 2018, if return and annual
return are filed in due date. (Around 6 months).
 In case Annual return filed earlier say in June-2018 then correction can
be made up to June-2018 only for all the monthly returns for the
financial year 2017-18 thus reduced the time of limitation for
rectification of mistake.

Due Date for Rectification of omission/errors
CA Sanjiv Nanda
Particulars Due Date for Revision
Any omission/ error in details of
outward supplies of goods / service Date of filing of return for the month of
September following the end of the financial
year (or) date of filing of annual return for
that period whichever is earlierAny omission/ error Details of inward
supplies of goods / service
Any omission / error in the monthly
return
Any omission / error in the quarterly
return to be filed by person paying tax
under composition
Date of filing of return for quarter
ended September following the end of
the financial year (or) date or filing of
annual retune for that period
whichever is earlier

Information Flow
Taxpayers
Send challan
Banks
Common
GST portal
File Return Upload challan details
State 1
State 2
State 3
Intelligence
SGST Returns
IGST Returns
Tax Booster
IGST Returns
CGST Returns
Intelligence
CBEC
Information feeds Inter-state settlement information
CGA,AG RBI

Process of Return Filling: Mismatch & Smallest Chain
Supplier will file
GSTR - 1
Based on GSTR1 of
suppliers Part A of
GSTR 2A will be auto
populated
Recipient can
accept/reject or amend
details from Part A of
GSTR 2A
All amendments done by
the recipient shall be
sent to supplier inform
GSTR 1A
Now the supplier can
accept or reject the
amendments made by
recipient.
If the supplier
rejects
amendment.
If the supplier
accepts amendment.
The returns would be
filed and there
would be mismatch.
The returns would be
filed and there
would be no
mismatch.

DISCLAIMER ON GST INFO
Returns to be filed by a normal taxable person
Return of Outward Supply
GSTR - 1
10th of next month
Amendments /modifications made
by the recipients will be provided
to supplier in form GSTR -1A, to be
accepted/ rejected by 17th.
Return of Inward Supply
GSTR - 2
15th of next month
GSTR 2 will be prepared
based on auto-populated
form GSTR - 2A which will
be based on GSTR 1,5,6,7
& 8.
Consolidated Monthly Return
GSTR - 3
20th of next month
1
2
3
4
5

Returns to be filed by special category of taxable person.
Composition
supplier
Non resident
supplier
Input service
distributor
Tax deductor
(TDS)
Tax
collector
(TCS)
GSTR - 4
18 days after
the end of
quarter
GSTR 4 will be
prepared based on
auto-populated
form GSTR - 4A on
the basis of GSTR 1
GSTR - 5
20th of next
month or 7 days
from last date
of registration
GSTR - 6
13th of next
month
GSTR 6 will be prepared
based on auto-
populated form GSTR -
6A on the basis of GSTR
1
GSTR - 7
10th of next
month
TDS certificate will
be issued in form
GST 7A
GSTR - 8
10th of
next
month

Refund Rules
CA. Sanjiv Nanda
26
Rules Contents
Rule-1 Application for refund of tax, interest, penalty, fees or any other amount
Rule-2 Acknowledgement
Rule-3 Grant of provisional refund
Rule-4 Order sanctioning refund
Rule-5 Credit of the amount of rejected refund claim
Rule-6 Order sanctioning interest on delayed refunds
Rule-7 Refund of tax to certain persons
Rule-8 Consumer Welfare Fund

List of Forms for Refunds
CA. Hans Raj Chugh
27
Sr. No Form Number Content
1. GST RFD-01 Application for Refund
2. GST RFD-02 Acknowledgement
3. GST RFD-03 Deficiency Memo
4. GST RFD-04 Provisional Refund Order
5. GST RFD-05 Payment Advice
6. GST RFD-06 Refund Sanction/ Rejection Order
7. GST RFD-07 Interest on delayed refund order (same as refund order)
8. GST RFD-08 Order for complete adjustment of sanctioned Refund/
order for withholding of refund
9. GST RFD-09 Notice for rejection of application for refund
10. GST RFD-10 Reply to show cause notice

 This Presentation is only for the Purposes of General
Information and Cannot be taken as an Expert Opinion on
any matters discussed Here-in.
 No Person or Business Entity shall be held responsible for
any losses occurring due to any interpretation done from
this presentation.
 If any certified Opinion or Interpretation is required then
personal interaction should be done after settling the fees
with the expert presenting this information.
 The Presentation is being done based only on the
information presently available in the public domain and
some information is still awaited from GST authorities.

Thanks For A Patient
CA. Sanjiv Nanda
Smarthead Consultants pvt. LtD.
NDR & Co. , Chartered Accountants
You Tube Channel :- Seek Expert Business Advice
Personal Id :- ca.sanjiv.nanda@gmail.com
Personal id ;- sanjiv.nanda@gmail.com
sanjiv.nanda@smartheadconsulting.com
https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
https://www.facebook.com/ca.sanjivnanda919/

Part 11- GST - REturn & AMP Refunds

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