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File GSTR-1, GSTR-1, GSTR-2, GSTR-3, GSTR-4, GSTR 3B,GSTR-5, File GSTR-1 Online, start filing GSTR 1, Mistakes filing GSTR-1
amend GSTR-1, GSTR 2 Return Filing, GSTR-2 is not filed, file GSTR-2, revise GSTR 2, GSTR 3B Return, filing GSTR 3B, eligible Input Tax Credit, GSTR 4 Online Return Filing, File GSTR 4, Late Payment of GST Tax, File Form GSTR-5, GSTR-6 Filing, DSC, EVC, GST Portal.
GST Return Filing online | Learn how to file GST return, GSTR1
As per the guidelines set by the GST Council, a registered taxable person is to follow a standard return filing process, involving 3 forms – outward supplies details in GSTR 1 form by 10th of the following month, corrections (if any) in GSTR 2 form by the 15th and finally the auto-populated GSTR 3 form for final submission and payment, by the 20th.
Based on the latest recommendations, the due dates for GSTR-1 have been specified, based on the turnover. While businesses with turnover of up to INR 1.5 crore will file quarterly returns, other businesses with turnover of above INR 1.5 crore have to file monthly returns.
Here are the due dates for the return until March 2018:
For Turnover up to INR 1.5 Crore
Form GSTR-1 will need to be filed quarterly as follows:
• July to September 2017 – 31st December, 2017
• October to December 2017 – 15th February, 2018
• January to March – 30th April, 2018
GST Return Online | GST Return Filing Procedure | Types of GST Return
Form GSTR-1 will need to be filed monthly as follows:
• July to October 2017 – 31st December, 2017 (for all 4 months)
• November 2017 – 10th January, 2018
• December 2017 – 10th February, 2018
• January 2018 – 10th March, 2018
• February 2018 – 10th April, 2018
• March 2018 – 10th May, 2018
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Form GSTR-1 is a statement in which a regular dealer needs to capture all the outward supplies made during the month. Broadly, the GSTR 1 format requires - all the outward supplies made to registered businesses (B2B) to be captured at invoice level, and supplies made to unregistered business or end consumers to be captured at rate-wise level. However, in certain exceptional scenarios, even B2C transactions are required to be captured at invoice level.
GST Return Filing - E-File With Expert Support, file GSTR-1 Form
Form GSTR-1 contains 13 tables in which the outward supplies details needs to be captured. Based on the nature of business and the nature of supplies effected during the month, only the relevant tables are applicable, not all. The GSTR-1 format is as follows:
• Table 1, 2 & 3: Details of GSTIN and aggregate turnover in preceding year.
• Table 4: Taxable outward supplies made to registered persons (including UIN-holders) other than Zero rated supplies and Deemed Exports.
• Table 5: Taxable outward inter-State supplies to un-registered persons where the invoice value is more than INR 2.5 Lakh.
• Table 6: Details of Zero rate supplies and Deemed Exports.
• Table 7: Details of Taxable supplies (Net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5.
• Table 8: Details of Nil rated, exempted and non GST outward supplies.
• Table 9: Details of debit notes, credit notes, refund vouchers issued during current period and any amendments to taxable outward supply details furnished in the GSTR1 returns for earlier tax periods in Table 4, 5 & 6.
• Table 10: Details of debit note and credit note issued to unregistered person.
• Table 11: Details of Advances Received/Advance adjusted in the current tax period or Amendments of information furnished in earlier tax period.
• Table 12: HSN-wise summary of outward supplies.
• Table 13: Documents issued during the tax period.
Click here to view the tables and understand the GSTR 1 format.
When can one start filing GSTR 1 Form?
As a step towards early preparation and to ease the GSTR1 returns filing, the option for creation and saving of Form GSTR-1 are available on the GST portal from 24th July, 2017.
Who needs to file GSTR-1?
GSTR-1 has to be filed by “all” taxable registered persons under GST. However, there are certain dealers who are not required to file GSTR-1, instead, are required to file other different GST returns as the case may be. These dealers are E-Commerce Operators, Input Service Distributors, dealers registered under the Composition Scheme, Non-Resident dealers and Tax deductors. It has to be filed even in cases where there is no business conducted during the reporting month.
How to file GSTR-1 In few steps.
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GSTR-1 has 13 different heads that need to be filled in. The major ones are enlisted here:
• GSTIN of the taxable person filing the return – Auto-populated result
• Name of the taxable person – Auto-populated field
• Total Turnover in Last Financial Year – This is a one-time action and has to be filled once. This field will be auto-populated with the closing balance of the last year
• The Period for which the return is being filed – Month & Year is available as a drop down for selection
• Details of Taxable outward supplies made to registered persons – CGST and SGST shall be filled in case of intra-state movement whereas IGST shall be filled only in the case of inter-state movement. Details of exempted sales or sales at nil rate of tax shall also be mentioned here
• Details of Outward Supplies made to end customer, where the value exceeds Rs. 2.5 lakhs – Other than mentioned, all such supplies are optional in nature
• The total of all outward supplies made to end consumers, where the value does not exceed Rs. 2.5 lakhs.
• Details of Debit Notes or Credit Notes
• Amendments to outward supplies of previous periods – Apart from these two, any changes made to a GST invoice has to be mentioned in this section
• Exempted, Nil-Rated and Non-GST Supplies – If nothing was mentioned in the above sections, then complete details of such supplies have to be declared.
• Details of Export Sales made – In addition to the sales figures, HSN codes of the goods supplied have to be mentioned as well.
• Tax Liability arising out of advance receipts
• Tax Paid during the reporting period – it can also include taxes paid for earlier periods.
The form has to be digitally signed in case of a Company or an LLP, whereas in the case of a proprietorship concern, the same can be signed physically.
Common Mistakes while filing GSTR-1
The mistakes can be as puny as mentioning incorrect HSN codes, Service Accounting Codes and can extend up to mentioning incorrect GSTIN, charging incorrect rates of tax, treating a sale as an intra-state sale instead of inter-state sale or vice versa, mentioning a tax invoice twice and the like. The supplier while filing the GSTR-1 can make these common mistakes. Apart from the above, situations may arise that ship to address of the customer can change. This common change can be witnessed while filing GSTR-1.
How to amend GSTR-1?
There may be cases wherein details mentioned by the supplier are incorrect. In these cases, there is a possibility for the dealers to amend the errors or omissions after filing GSTR-1. In a normal scenario, the details filed by the supplier is rejected by the recipient of the goods or services, then the supplier will receive an intimation to that effect, wherein he can amend the same. Where the recipient inadvertently accepts the invoice, oblivious of the error, then the supplier has to report the same to the Jurisdictional Authority citing such error and its rectification. The Jurisdictional Authority will have to option to make good such error, after ascertaining the facts of the case.
Where an inter-state sale is treated as an intra-state sale and subsequently, IGST is charged instead of CGST and SGST, then the supplier has to pay the amount of IGST separately to the Ministry and claim for a refund of the excess CGST or SGST. Again, he also has the option to claim input tax credit on the CGST / SGST amount inadvertently paid by him against CGST, SGST or IGST output liability, as per the prescribed rules.
In some cases, the supplier may be required to change information in a tax invoice, which is already uploaded in GSTR-1. It has to be noted that if the recipient accepts the details of the supplier as mentioned in the GSTR-1, then the supplier will have no option to amend or make any changes whatsoever in the invoice document. The supplier has to issue a supplementary invoice or a credit note against the invoice in which he wants to make any changes.
To negate the effects of the double claim of input tax credits, suppliers shall install a system, which derives a unique combination of financial year, invoice number, and the GSTIN. The system will automatically display the error in case there is a duplicate invoice being punched in.
There can be chances that Point of Supply in an invoice is changed over a reasonable period of time. This new point of supply can happen to be in a different state. In that case, SGST part charged will be reversed and passed on to the new state.
Common Questions Regarding GSTR-1
What is the checklist before filing Form GSTR-1?
The first and foremost requirement is having a valid Goods and Services Tax Identification Number (GSTIN). The supplier will be notified with a User ID and Password that will enable the user to file returns. Next, the supplier will be required to have a valid digital signature certificate (DSC). This DSC is obligatory for companies, LLPs (Limited Liability Partnerships) and FLLPs (Foreign Limited Liability Partnerships). Other suppliers, i.e. Proprietors, partnership concerns, HUF, etc. have the option to “E-sign” the form. In that case, a valid Aadhar Card Number is required. An OTP for verification shall be sent across on the registered mobile number as mentioned in the Aadhar Card.
How shall I file GSTR-1?
After going through the checklist, suppliers need to log in to the GSTN portal with the given User ID and password, follow these steps to file their returns successfully.
• Search for “Services” and then click on Returns, followed by Returns Dashboard.
• In the dashboard, the dealer has to enter the financial year and the month for which the return needs to be filed. Click on Search after that.
• All returns relating to this period will be displayed on the screen in a tiled manner.
• Dealer has to select the tile containing GSTR-1
• After this, he will have the option either to prepare online or to upload the return.
• The dealer will now Add invoices or upload all invoices directly
• Once the entire form is filled up, the dealer shall then click on Submit and validate the data filled up
• With the data validated, dealer will now click on FILE GSTR-1 and proceed to either E-Sign or digitally sign the form
• Another confirmation pop-up will be displayed on the screen with a yes or no option to file the return.
• Once yes is selected, an Acknowledgement Reference Number (ARN) is generated.
What is the due date of filing GSTR-1? What if I don’t file my returns within the due date?
The due date for filing GSTR-1 is 10th of the following month. If the dealer does not file GSTR-1 where it is mandatory to do so, then a late fee will be charged to the dealer.
The late fee is an amount of Rs. 100 / act / day, i.e. Rs. 300 shall be charged on account of IGST, CGST and SGST per day. Moreover, this late fee is calculated automatically after filing of GSTR-1.
Read about penalties under GST.
Can you upload invoices any time before filing the return?
Yes. Invoices can be updated on a regular basis before filing GSTR-1. Technically, dealers have a time slot of 40 days to upload their invoices, i.e. from 1st of the reporting month till the 10th of the next month. There can be several changes made to the list of invoices during this period.
The field “turnover” is a mandatory field in GSTR-1. How shall I fill it up?
This field is a one-time field and has to be filled up manually during the first return. It will be automatically populated every month based on the details furnished in the return.
How To File GSTR-1 Online?
Apart from filing GSTR-1 directly on GSTN portal, you can use third party softwares which are simpler to use. Most of these software accept data from your existing accounting software and help you upload it to GSTN portal. Almost all the GSPs have come up with their return filing solution.
If you want to avoid multiple steps and hassle of using lot of softwares today. Its an easy to use accounting software with super fast GST return filing. Its designed for business owners who do not have any accounting background.
GSTR 2 : Return Filing, Format, Eligibility & Rules
GSTR-2 is a monthly return that summarizes the details of inward purchases of taxable goods and/or services. In this article, we discuss the following topics:
1. What is GSTR-2?
2. Why is GSTR-2 important?
3. What is buyer-seller reconciliation?
4. When is GSTR-2 due?
5. What happens if GSTR-2 is not filed?
6. What happens if GSTR-2 is filed late?
7. Who should file GSTR-2?
8. How to revise GSTR 2?
9. What is GSTR-2A?
10. How to file GSTR 2 on ClearTax GST software?
11. Details to be provided in GSTR-2
1. What is GSTR-2?
Every registered taxable person is required to give details of Inward Supply, i.e., purchases for a tax period in GSTR-2.
2. Why is GSTR-2 important?
GSTR-2 contains details of all the purchases transactions of a registered dealer for a month. It will also include purchases on which reverse charge applies.
The GSTR-2 filed by a registered dealer is used by the government to check with the sellers’ GSTR-1 for buyer-seller reconciliation.
3. What is buyer-seller reconciliation?
Buyer-seller reconciliation or invoice matching or is a process of matching taxable sales by the seller with the taxable purchases of the buyer.
It is vital because ITC on purchases will only be available if the details of purchases filed in GSTR-2 return of buyer matches with the details of sales filed in GSTR-1 of the seller..
4. When is GSTR-2 due?
As per the Act: Due Date for Filing GSTR-2 is 15th of next month.
There is a 5-day gap between GSTR-1 & GSTR-2 filing to correct any errors and discrepancies.
For business’ with turnover less than 1.5 crores, quarterly returns are applicable whose due dates will be announced later.
Latest Update for July 2017:
Due date for GSTR-2 for July has been extended to 30th Nov
As per 22nd GST Council meeting of 6th October 2017
• Businesses with annual turnover up to 1.5 crores will submit quarterly returns. Taxes will be paid quarterly.
• Due dates of Aug & Sep will be declared later.
• Switch over to quarterly will happen from Oct-Dec 2017 cycle
(More details will be announced by the Govt.)
5. What happens if GSTR-2 is not filed?
If GSTR-2 return is not filed then the next return GSTR-3 cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.
6. What happens if GSTR-2 is filed late?
If you delay in filing, you will be liable to pay interest and a late fee.
Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing (16th of the month) to the date of payment.
The late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. The maximum is Rs. 5,000.There is no late fee on IGST.
7. Who should file GSTR-2?
Every registered person is required to file GSTR-2 irrespective of whether there are any transactions during the month or not.
However, these registered persons do not have to file GSTR 2 –
• Input Service Distributors
• Composition Dealers
• Non-resident taxable person
• Persons liable to collect TCS
• Persons liable to deduct TDS
• Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)
8. How to revise GSTR 2?
GSTR 2 once filed cannot be revised. Any mistake made in the return can be revised in the next month’s return. It means that if a mistake is made in September GSTR 2, rectification for the same can be made in October’s GSTR 2.
9. What is GSTR-2A?
When a seller files his GSTR-1, the information is captured in GSTR-2A. GSTR-2A is a purchase-related tax return that is automatically generated for each business by the GST portal.
It takes information from the seller’s GSTR-1. You are required to verify (and amend) this return before filing in on GST Portal.
10. How to file GSTR 2?
• Make sure all your purchase invoices are in the software – by using Excel Import or importing through other software.
• While uploading purchase bills, you can select bills on which reverse charge will apply.
• Our software will read your day’s invoices. If you cross the threshold of Rs. 5,000, it shows an alert message saying that your aggregate purchases from URDs have exceeded Rs. 5,000. “Please verify: There are one or more unregistered purchase invoices under reverse charge without any tax (no or 0 tax) in your data. As per GST rules you should add appropriate tax amount against such invoices before filing.”
• Our software will identify invoices which do not have any GSTIN and can be subject to RCM
• Our software will track invoices and remember their treatment. If an invoice from same GSTIN is already marked as under reverse charge, system will alert the user that a similar invoice from same GSTIN had already marked under reverse charge and hence the new invoice may also be under reverse charge.
• Download your seller’s return from GST Portal through our software. The software will automatically highlight any mismatches between you purchases and your vendor’s sales.
• Finally, validate data and upload to the government GST portal.
11. Details to be provided in GSTR-2
There are 13 headings in GSTR-2 format prescribed by the government.
We have explained each heading along with the details required to be reported under GSTR-2.
1.GSTIN – Each taxpayer will be allotted a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN). A format of proposed GSTIN has been shown in the image below. GSTIN of the taxpayer will be auto-populated at the time of return filing.
2.Name of the Taxpayer – Name of the taxpayer including legal and trade name (will be auto-populated)
Month, Year – Mention the relevant month and year for which GSTR-2 is being filed.
3.Inward Supplies from Registered Taxable Person
Most of the purchases from a registered person will be auto-populated here from GSTR-1 filed by the seller. It will have all details of type, rate and amount of GST, whether ITC is eligible, amount of ITC.
However, it will not contain purchases under reverse charge
Certain transactions may not be auto-populated because-
• Seller did not file GSTR-1
• Seller filed GSTR-1 but he missed the transaction
In either case, the buyer can manually add these transactions. The seller will get a notification to accept this addition/modification in his GSTR-1A return.
If the supply is received in more than one lots, the invoice must be reported in the return of the month in which the last lot is received and recorded in books of accounts.
4. Inward supplies on which tax is to be paid on reverse charge
Certain goods and services attract reverse charge, i.e., the buyer is liable to pay GST. A registered dealer purchasing more than Rs. 5,000 per day from an unregistered dealer is liable to pay reverse charge.
All purchases on which reverse charge applies, will be reported in this part.
4A. Under this head, all purchases on which reverse charge specifically applies by law must be mentioned. For example, purchasing cashew nuts from an agriculturist.
4B. This head will list the purchases from unregistered dealer which exceed Rs. 5,000 per day from an unregistered dealer
4C. Under this head, reverse charge GST paid on import of service will be reported.
5. Inputs/Capital goods received from Overseas or from SEZ units on a Bill of Entry
Any kind of import of inputs (items used to manufacture finished goods) or capital goods received against a Bill of Entry must be reported under this head. Goods received from SEZ are also reported here.
• 5A. Imports: Any kind of import of inputs (items used to manufacture finished goods) or capital goods received against a Bill of Entry will be reported here. Details of bills of entry, along with 6-digit port codes and 7-digit bill numbers must be mentioned.
• 5B. Received from SEZ: Inputs or capital goods received from sellers in a SEZ will be reported here.
6. Amendments to details of inward supplies furnished in returns for earlier tax periods in Tables 3, 4 and 5 [including debit notes/credit notes issued and their subsequent amendments]
A taxpayer cannot revise any GST return once it is filed. Revision is possible only in the next month’s return under this heading. The taxpayer can amend any detail of purchases of goods/services in earlier months. This information can be filled manually. Subsequently, the seller will also get a notification regarding this modification. The seller needs to accept this change in his GSTR-1A return.
6A. This head will contain all revisions of input goods/services (except imports)
6B. Any change in amount/tax calculated on imported goods and goods from SEZ can be made under this heading. Here, the taxpayer must mention the changes made in the bill of Entry / Import Report.
6C. The taxpayer must report all debit and credit notes issued with respect to purchases. Any debit/credit note issued under reverse charge mechanism will get auto-populated here from counter-party GSTR-1 and other applicable returns (eg. GSTR-5 filed by NR).
6D. Any changes in debit /credit note of previous months will be reported under this heading.
7. Supplies received from composition taxable person and other exempt/Nil rated/Non-GST supplies received
This head will include purchases from composition dealer and other exempt/nil/non-GST supplies.
Non-GST supplies include items like petrol, diesel which are not covered under GST. Also, both inter-state and intra-state supplies need to be reported here.
8. ISD credit received
Details of the input tax credit received from a registered Input Service Distributor (ISD) (usually a head office which has transferred its ITC to all its branches). This data will be auto-populated from GSTR-6 filed by ISD.
9. TDS and TCS Credit received
TDS Credit Received – This section will only be applicable in case you engage in specified contracts with specified persons (usually government bodies). The receiver (government) will deduct a certain percentage of transaction value as Tax Deduction at Source. All information will get auto-populated here from GSTR-7 filed by the deductor.
TCS Credit Received – This heading is applicable for only online sellers registered with e-commerce operator. E-commerce operator is required to collect tax at source at the time of making payment to such sellers. This information will again be auto-populated from GSTR-8 of e-commerce operator.
Please read our Impact Analysis on E-commerce marketplace sellers for more information.
10. Consolidated Statement of Advances paid/Advance adjusted on account of receipt of supply
Any advance payment made during the month will appear here. If you paid advance tax on goods or services received during an earlier tax period, but only received the invoices this month, declare the details here.
Advance receipts issued under reverse charge are also covered here.
Normally the seller issues an advance receipt when he receives any advance payment. In case of purchases attracting reverse charge, the buyer must issue the advance receipt if he pays in advance.
Part I –
• This part will cover the advance amount paid for reverse charge supplies in the current month.
• It will also include the advances paid in earlier months against which invoices have been received in current month.
• The purchases will be broken up into inter-state and intra-state.
Part II will contain changes to above part I in relation to an earlier month.
11. Input Tax Credit Reversal / Reclaim
ITC can be availed only on goods and services for business purposes. If they are used for non-business (personal) purposes, or for making exempt supplies ITC cannot be claimed.
In this heading, the taxpayer must to fill in details of ITC that cannot be claimed during the month due to various ITC rules.
11A. This head will cover all input tax reversal for the current month. It will also include ITC reversal on account of exempt and personal supplies.
a. Amount in terms of rule 37(2)– ITC will be reversed for invoices which were not paid within 180 days of issue.
b. Amount in terms of rule 39(1)(j)(ii)– This is for ISDs. If a credit note was issued by the seller to the HO then the ITC subsequently reduced will be reversed.
c. Amount in terms of rule 42(1)(m)– This is for businesses which use inputs for both business and non-business (personal) purpose. ITC used in the portion of input goods/services used for personal purpose must be reversed proportionately.
d. Amount in terms of rule 43(1)(h)– This is similar to above except that it concerns capital goods.
e. Amount in terms of rule 42 (2)(a)– This is calculated after the annual return is furnished. If total ITC on inputs of exempted/non-business purpose is more than the ITC actually reversed during the year then the difference amount will be added to output liability. Interest will be applicable.
f. Amount in terms of rule 42(2)(b)– This is is the opposite of the above. If total ITC on inputs of exempted/non-business purpose is less than the ITC actually reversed during the year then the difference amount can be reclaimed as ITC.
Read our article on Reversal of Input Tax Credit to understand this in details.
11B. The taxpayer can manually amend any details of ITC under 11A of earlier months. He will select the appropriate information from a drop-down menu.
Form GSTR 3B: Return Formats, Filing Process, Due Dates
The 17th GST Council meeting held on 18th June 2017, provided a relief to the nation. The council decided to extend the deadline for invoice‐wise return filing in Form GSTR 1 and Form GSTR 2 for the first 2 months after listening to the problems faced by both the buyers and the suppliers. Therefore for July and August, businesses will file a simple return in Form GSTR 3B by declaring the summary of inward supplies and outward supplies and no reconciliation is needed. This will help them in ease of compliance and make the transition phase smooth.
Due Dates for filing GSTR 3B
A revised schedule for return filing has been provided to the businesses to give sufficient time to manage the various requirements of the new indirect tax system. The due dates for filing the return is as follows:
For the month of July:
August 25th for those tax payers who do not want to avail of transitional credit in TRAN-1 and August 28th for those who want to fill up TRAN-1 this month.
For the month of August:
September 20th is the due date for filing GSTR 3B for the month of August.
Particulars of GSTR 3B
1. GSTIN – It is state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN) for each taxpayer. This column will be auto-filled.
2. Name of the Registered Person – Name of the taxpayer will be auto-filled at the time of logging into the common GST Portal. Trade Name, if any, should be separately provided.
3.1 Details of Outward supplies and inward supplies liable to reverse charge
In the above Table 3.1, you need to capture the total taxable value (both intrastate and interstate) along with the total tax (IGST, CGST, SGST/UTGST) as applicable:
• Outward Taxable Supplies other Zero Rate, Nil Rate and Exempted
• Outward Taxable Supplies (Zero Rated)
• Outward Supplies towards Nil Rated and Exempted
• Inward Supplies liable to be paid on reverse charge basis
• Non‐GST Outward Supplies
3.2 Details of InterState supplies made to unregistered persons, composition dealer, and UIN holders
Table 3.2 shows the bifurcation of the interstate outward supplies made to Unregistered Persons, Composition Dealers, and UIN Holders. These details need to be captured State‐wise/ Union‐Territory‐wise total with taxable value and total IGST levied on these supplies.
4. Details of eligible Input Tax Credit
In the above Table 4, ITC availability details and ITC reversed to arrive at the Net ITC is to be provided.
1. ITC Availability (whether in Full or Part): Mention the breakup of inward supplies on which ITC is availed. The following are the details you need to capture:
• Import of Goods: The Tax credit of IGST paid on import of goods.
• Import of Service: The Tax credit of IGST paid on import of services.
2. Inward supplies liable to reverse charge: Mention the GST paid on inward supplies which are liable for a reverse charge as, sponsorship services, and purchase from URD etc. other than import of goods or services. To know more, read inward supplies liable to reverse the charge.
• Inward Supplies from ISD: Input tax credit received from Input Service Distributor (ISD).
• All other ITC: Apart from above, ITC of other inward supplies has to be captured here.
3. Details of Input Tax credit to be reversed: Mention the ITC reversible on the usage of inputs/input services/capital goods used for the nonbusiness purpose, or partly used for exempt supplies. Also, if the depreciation is claimed on tax component of capital goods, and plant & machinery, then the ITC will not be allowed.
5. The ITC available as reported in Table 4 (A) is reduced by the amount of ITC to be revered as reported in above table. The balance will be your eligible ITC.
5. Details of Ineligible ITC: GST paid on inward supplies is listed in the negative list and is not eligible for Input Tax Credit (ITC). The details of GST paid on such supplies are recorded in this table.
5. Details of exempt, nilrated and non‐GST inward supplies
Mention the details of inward supplies from the composition dealer which are exempt and at nil rates in Table 5. Also, mention the NonGST inward supplies.
6.1 Payment of tax
In Table 6.1, declare the tax payable which will be auto-calculated. This is based on the details of outward supplies and inwards supplies liable to be paid on reverse charge captured in Table 3.1.
The tax wise breakup of payment 0f tax by way of utilization of ITC and cash deposit should be provided.
6.2 TDS/TCS Credit
In the above table, mention the details of TDS (Tax withheld by the Government establishment) and TCS (Tax withheld by E‐commerce operator). However, these provisions are not yet a part of the initial rollout of GST. (Accordingly, TDS and TCS are not applicable till they are notified). Form GSTR 3B is a blessing for the businesses as this will give ample time to the taxpayer for the GST returns.
In case you are confused about GST as a business owner, feel free to consult the GST experts at LegalRaasta. You can get comprehensive assistance with GST Registration Online and GST Return Filing. You can also use our GST software for doing end-to-end GST compliance.
12. Addition and reduction of amount of output tax for mismatch and other reasons
This section will capture any additional tax liability that can arise due to the corrections made to the GSTR-3 of the previous month.
a) ITC claimed on mismatched/duplication of invoices/debit notes: In case mismatch of invoices, there may be double claiming of ITC. Theexcess ITC claimed from duplicate purchase invoices will be reversed and added to the tax liability.
b) Tax liability on mismatched credit notes: Incorrect credit notes issued by the taxpayer will also result in incorrect ITC. Extra ITC claimed due to mismatch will now be added to your tax liability.
c) Reclaim on account of rectification of mismatched invoices/debit notes: This is the opposite of point (a). In this case, the mismatch has led to claiming lower ITC. You are entitled to more ITC and so the additional amount will be reduced from the output tax liability.
d) Reclaim on account of rectification of mismatched credit note (Reduce): This is opposite to (b), i.e., lower ITC has been claimed and will work in the same way as (c).
e) Negative tax liability from previous tax periods:This is due to excess tax paid during the previous months and will be reduced from output tax liability of this month.
f) Tax paid on advance in earlier tax periods and adjusted with tax on supplies made in current tax period (Reduce): This refers to tax paid along with advance payments in earlier months for supplies received during this month.
13.HSN summary of inward supplies
This section requires a registered dealer to provide HSN wise summary of goods purchased. It will be entered by the taxpayer.
Finally, sign off with a declaration that all information has been supplied and is correct.
GSTR 4 with Step by Step Online Return Filing Procedure
The GSTR- 4 form is a quarterly return form for those taxpayers who have opted GST Composition scheme in the new indirect tax regime. Under the GST composition scheme, taxpayers will be required to file one only return in every three months (quarter) rather than three returns in every month. Not all businesses will be eligible to register under the GST composition scheme, only those business entities whom annual turnover below Rs 75 lakh and fulfils other criteria’s can be entitled to register under the Composition Scheme. The information details in GSTR 4 form should be filled in between 11th and 18th of the month following the quarter of the relevant tax period.
The GSTN Portal is also available with GSTR 4 offline tool based on excel worksheets. The offline tool on excel sheet is offered for simple GST returns filing for the GSTR 4 returns. Download offline GSTR 4 utility.
Salient Features of GSTR 4 Return Form
• GSTR 4 Returns will file on the quarterly basis for compounding Taxable persons. The last date for filing the GSTR- 4 Returns is 18th of the month following the quarter. GSTR 4 returns can be filed on 18th April, 18th July, 18th October and 18th January and so forth
• GSTR – 4 Form is filed by all the taxpayers who registered under the composition scheme
• Business entities registered under the composition scheme will be required to pay taxes at fixed rates and file returns quarterly without availing input tax credit facility
• The taxpayer will be required to show the total value of supplies made in a specific period and tax paid at the composition rate
• The taxpayer will be required to insert invoice- level purchase details for the purchases from normal taxpayers, which will be automatically updated GSTR 4A Form from supply invoice uploaded by the opposite party in GSTR 1
Who Should File GSTR 4 Form
All the composite registered taxpayers are required to file the tax return except:-
• Non-resident Taxable Person
• Taxpayers liable to collect TCS
• Input Service Distributors
• Taxpayers liable to deduct (TDS)
• Composition Dealers
• Compounding taxable person
• Suppliers of OIDAR (Online Information and Database Access or Retrieval)
Interest on Late Payment of GST Tax & Missing GST Return Due Date Penalty
GST Council clearly stated in acts that if a person has not paid the taxes before the due dates, then the GST Council has strict rules and regulations to accommodate it with 18 % interest rate per year. The interest rate is applied to the number of days the taxpayer missed out. To look into the act clearly you can read the information from point 50 of chapter 10 here: https://cbec-gst.gov.in/CGST-bill-e.html
If we take the illustration of it, a person missed out the due date of yesterday, then the taxpayer has to pay 1000*18/100*1/365 = Rs. 0.49 for one day and the calculation varies on payable tax and the total missed out days.
In case if a taxpayer does not file his/her return within the due dates mentioned above, he shall have to pay a late fee of Rs. 50/day i.e. Rs. 25 per day in each CGST and SGST (in case of any tax liability) and Rs. 20/day i.e. Rs. 10/- day in each CGST and SGST (in case of Nil tax liability) subject to a maximum of Rs. 5000/-, from the due date to the date when the returns are actually filed.
Important Terms Frequently Used in GSTR 4
• GSTIN – Goods and Services Taxpayer Identification Number
• UIN – Unique Identification Number
• UQC – Unit Quantity Code
• HSN – Harmonised System of Nomenclature
• SAC – Services Accounting Code
• POS – Place of Supply of Goods and Services
• B2B – From one registered person to another registered person
• B2C – From registered person to unregistered person
HSN: Harmonised System of Nomenclature (HSN code is filled in case of supply of goods)
• A taxpayer will be required to provide the aggregate turnover of the immediately preceding financial year and the first quarter of the current financial year.
• The taxpayer will be required to furnish all the information only in the first year and it will be automatically updated in the succeeding years.
Let us understand the step- by- step guide filing procedure of GSTR 4
GSTR 4 return form is divided into 13 sections but it is not necessary to fill all these sections. Some of the details of sections in GSTR 4 form are given below:-
Part 1 to Part 3 – General Information
• GSTIN:- Every Taxpayer gets a state-wise PAN-based 15 digit Goods and Services Taxpayer Identification Number (GSTIN) from the Government. It must be noted that the identification of the taxpayer will be automatically filled at the time of filing return in coming future
• Legal Name of the Registered Person and Trade name (if any):- The taxpayer name will automatically fill time of filing the returns at GSTN portal
• Annual Turnover in the preceding Financial Year:- A taxpayer will be required to fill all the information only for the first time of filing and after then it will be automatically updated in the succeeding years
Part 4 – Inward supplies including supplies on which tax is to be paid on reverse charge
• Inward supplies received from a registered supplier (other than supplies attracting reverse charge), the information will be auto-populated from the provided by the supplier in GSTR-1 and GSTR-5. Inward supplies received from a registered supplier (attracting reverse charge- this information will be automatically filled from the information provided by the supplier in GSTR-1, inward supplies received from an unregistered supplier and Import of service. It must be noted that all inward supplies to a composition will auto-filled here
Part 5 – Amendments to details of inward supplies furnished in returns for earlier tax periods in Table 4 [including debit notes/credit notes and their subsequent amendments]
• It will include amendment information mentioned in earlier tax periods and also original amended of debit or credit note received, rate- wise. Place of supply to be mentioned in case if the same is different from the location of the recipient. While providing the information of original debit /credit note, the details of invoice must be provided in starting three columns, whereas, providing revision of the details of original debit /credit note shall be provided in the first three columns of this Table
Part 6 – Tax on outward supplies made (Net of advance and goods returned)
• Under this section, you will be to provide the details of outward supplies which includes advance and net of goods returned during the current tax period
Part 7 – Amendments to Outward Supply details furnished in returns for earlier tax periods in Table No. 6
• Under this section, you will be able to rectify the incorrect details you provided in Table 6 in previous returns
Part 8 – Consolidated Statement of Advances paid/Advance adjusted on account of receipt of supply.
• Under this, details of advance paid relating to reverse charge supplies and if you paid taxes on them, adjustments against invoices issued to be mentioned in Table 8
Part 9 – TDS Credit received
• TDS (Tax Deduct at Source will be auto-filled in Table 9
Part 10 – Tax payable and paid
• Under this section, you will be to provide the details of Integrated Tax, Central Tax, State/UT Tax and cess tax amount payable as well tax amount paid
Part 11 – Interest, Late Fee payable and paid
• This section for those taxpayers who have not paid the taxes timely
Part 12 – Refund claimed from Electronic cash ledger
• If in case the tax liability of the composition dealer is below than the TDS deducted, he can get a refund of balancing amount. The amount which is available for refund will auto-filled under this section
Part 13 – Debit entries in cash ledger for tax /interest payment [to be populated after payment of tax and submissions of return]
All you need to know about Form GSTR-5
Table of Content
6. What is GSTR-5?
7. Who can file GSTR-5?
8. Who is a non-resident taxable person?
9. When to file GSTR-5?
10. Proforma of GSTR-5
What is Form GSTR-5?
GSTR-5 is a periodic return to be filed by Non-Resident Taxable Person. This form has been designed to take care of transactions undertaken by the non-resident taxable person.
Who can File Form GSTR-5?
GSTR-5 is a return that is filed electronically through the common portal by non-resident taxpayers (foreigners). Either it can be done directly or from facilitation centre. Here, Non-Resident foreign taxpayers are the suppliers that don’t have a business institution in India and have arrive for a short period to make supplies in India.
Who is Non-Resident Taxable Person?
Any person who occasionally undertakes transactions involving the supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India.
When to File Form GSTR-5?
The non-resident taxable person shall furnish a return including therein the details of outward supplies and inward supplies and shall pay the tax, interest, penalty, fees or any other amount payable under the Act or these rules. This should be done within twenty days after the end of a calendar month or within seven days after the last day of the validity period of registration, whichever is earlier.
Proforma of Form GSTR-5
Here you can see the complete format of the Form GSTR-5.
Headings that appear under GSTR-5 and their significance
# Headings Details to be furnished
1 GSTIN (Goods and Services Taxpayer Identification Number ) 15 digit state-wise PAN number which will be auto-populated at the time of filing a return.
2 Legal Name of the registered person Will be auto-populated when a taxpayer will login to the common GST portal.
3 Validity Period of Registration This shall be auto-populated.
4 Tax Period/period of return Period/month or year of tax to which the Return pertains (respectively for which GSTR-5 is being filed); to be selected from drop-down menu.
5 Imported goods (physical goods supplied into an Indian taxable territory from overseas) Under GST, any such goods/services supplied, need to be furnished under this head; it includes Bill of entry number and other basic description of goods imported.
6 Modifications to Details of Imported goods; of Earlier Tax Periods Any amendment in tax calculated on imported goods is presented under this heading along with details of the entire changes in the bill of Entry / Import Report and eventual changes in IGST rates. Details pertaining to original Bill of entry is also furnished here.
7 Imported services Details of services received from a supplier located outside India are furnished under this head. In this scenario, one foreign taxable person has received services from another foreign taxable person in Indian Territory.
8 Modifications to details of imported services Any amendment in tax calculated on imported services is presented under this heading along with details of the entire changes in the bill of Entry / Import Report. Any reduction in value of supply will result in a refund of IGST paid earlier.
9 Outward Supplies Made Outward supplies of a foreign taxpayer are captured under this head once the details of inputs have been filled in. It being a GSTIN based entry, GSTIN of the buyer must also be reported. The supply details should be furnished with the complete break-up of IGST, CGST and SGST charged.
It includes the
1. Taxable Outward Supplies made to registered persons.
2. Taxable Outward Interstate Supplies made to unregistered persons where invoice value is more than Rs.2.5 Lakh.
3. Taxable Supplies net of Debit-Credit Notes to unregistered persons other than above.
10 Modifications to outward supplies related to intra-state supplies; received in Earlier Tax Periods Any amendment in outward supply from earlier tax period is presented under this head. If required, new invoices need to be issued for revisions. Such modifications will also have an impact on the tax liability of a non-resident taxpayer.
11 Debit notes and credit notes details All debit and credit notes that are raised must be reported by a foreign taxable payer.
12 Amendment to debit or credit notes of earlier tax periods Any amendment in debit /credit note pertaining to previous months shall be reported under this heading.
13 Tax, Interest, Late Fee and Penalty Paid Under this head, input from all the headings determine the final GST liability along with separate presentation of tax liability against IGST, CGST, and SGST. Here, the taxpayer has an option to debit cash ledger/ credit ledger against the outstanding liability.
14 Refunds Claimed (from Cash Ledger) The taxpayer can claim a refund of Input Credit amount in excess of tax liability in this header.
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What is GSTR-5 Form and How to File it?
• Revised due date for filing GSTR-5 and GSTR-5A for the month of July-December 2017 is 31st January 2018.
• Penalty for late filing GSTR-5, GSTR-5A is reduced to Rs.50 per day and in case of Nil return Rs. 20 per day. Check Notification.
The Goods & Services Tax Return 5 (GSTR-5) form is to be used by registered non-resident persons to file monthly tax returns on GST portal. Each non-resident taxpayer, who carries out business in the country, is required to furnish GSTR-5 form details on or before 20th of the next month for a particular tax period.
Note: From October 2017, the late fee payable by a taxpayer whose tax liability for that month was‘NIL’ will be Rs. 20/- per day (Rs. 10/- per day each under CGST & SGST Acts) instead of Rs.200/- per day (Rs. 100/- per day each under CGST & SGST Acts).
This form can be filed online or by a Facilitation Centre. It will include the details of all inward and outward supplies performed by the particular non-resident during the tax period.
GSTR 5 (Non-resident taxable person) GSTR-5A (OIDAR) Due Date for July-December, 2017 has been extended up to 31st January 2018.
GSTR-5 is applicable in the following conditions:
You should be a non-resident foreign taxpayer with no business establishment in India.
You need to temporarily register under GST for as long as you wish to do business transactions in India.
You Can Also Read About How to File GSTR-1, GSTR-2, GSTR-3, GSTR-4 on GST Portal
How to file GSTR-5 Form?
There are total 14 tables in GSTR5 which is to be filled as below.
Table 1 & 2: Enter your 15-digit Goods and Services Taxpayer
Identification Number (GSTIN) in the first row. Enter your (taxpayer’s) name, trade name (if any), and validity period of registration.
Table 3: Inputs/Capital goods received from Overseas (Import of goods)
The table is to contain the details of import of goods from outside of India, along with the bill of entry, tax amount, and the amount of ITC eligible on such imports.
The recipient person is required to provide the bill of entry details including six-digits port code and seven-digits bill of entry number.
Table 4: Amendment in the details furnished in any earlier return
It will consist of amendment of imports already declared in earlier tax returns.
Table 5: Taxable outward supplies made to registered persons (including UIN holders)
This table will have the rate-wise, invoice-level information for all B2B supplies (whether inter-State or intra-State), for that tax period.
Table 6: Taxable outward inter-State supplies to unregistered persons where invoice value is more than Rs 2.5 lakh.
This will contain the Invoice-level details for all interstate B to C supplies, where invoice value is more than Rs. 2,50,000/- (B to C Large).
Table 7: Taxable supplies (net of debit notes and credit notes) to unregistered persons other than the supplies mentioned at Table 6.
This table will include the state-wise Invoice-level information for all B to C supplies (whether inter-State or intra-State) where invoice value is up to Rs. 2,50,000/-
Table 8: Amendments to taxable outward supply details furnished in returns for earlier tax periods in Table 5 and 6 [including debit note/credit notes and amendments there of
This will consist of amendment details of the following:
• All B2B outward supplies reported in earlier tax period.
• B2C inter-State invoices where invoice value is more than 2.5 lakhs, reported in the previous tax period.
• Original Debit and credit note details and its amendments.
Table 9: Amendments to taxable outward supplies to unregistered persons furnished in returns for Earlier tax periods in Table 7.
This table contains details of Amendments for B2C outward supplies, excluding interstate supplies, with invoice value more than 2.5 lakhs.
Table 10: Total tax liability
It contains the information of the total liable tax for outward supplies made in the current tax period and negative ITC for an amendment to imports made in the current tax period.
Table 11: Tax payable and paid
The details of tax (IGST, CGST and SGST) payable, tax paid through credit, tax paid in cash, and total tax paid.
Table 12: Interest, late fee and any other amounts payable and paid
Details of the interest amount, late fee, integrated tax, Cess, and other amounts payable or paid.
Table 13: Refund claimed from electronic cash ledger
Details of refund claimed from the cash ledger for the payment of tax.
Table 14: Debit entries in electronic cash/credit ledger for tax/interest payment [to be populated after payment of tax and submissions of return]
Details of automatic debit entries made in cash ledger and credit ledger after successful payment of tax and interest. On submission of the tax return through GSTR-5, the system will automatically update ITC information in the respective ledgers.
The taxpayer has to digitally sign at the bottom of GSTR-5 confirming the validity of the information provided in the form.
Download All GSTR Form Formats to File Returns
Feel free to ask your GSTR-2 related queries in our free GST Helpline Application.
GSTR-6 Filing Guidelines and Format
GSTR-6 filing date for the month of July is due by 13th of October. However the GSTR-6 filing date for the month of August is not yet declared. Ideally an ISD (Input Service Distributor) will have to file monthly returns GSTR-6 within thirteen days after the end of the month.
After GSTR-3B, GSTR-1, GSTR-2, the next return filing would be the GSTR-6. An ISD would file the GSTR-6 returns. In this article we will learn in detail about the GSTR-6.
What is GSTR-6?
GSTR-6 is the process of recording and filing your returns for the previous month by an ISD (Input Service Distributor). It consists of details about the ITC (Input Tax Credit) distribution usually carried out by the ISD.
Who is an ISD (Input Service Distributor)?
Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax (CGST), State tax (SGST)/ Union territory tax (UTGST) or integrated tax (IGST) paid on the said services to a supplier of taxable goods or services or both having same PAN as that of the ISD.
The details in the returns will be made available to the respective recipients in their GSTR 2A. The recipients may include these in its GSTR-2 and take credit. An ISD shall not be required to file Annual return.
What all should be furnished in the GSTR-6 format?
There are a total of 11 different sections and few sub-sections that needs to be filled by the ISD.
• Input tax credit received for distribution
• Total ITC/Eligible ITC/Ineligible ITC to be distributed for tax period (From Table No. 3)
• Distribution of input tax credit reported in Table
• Amendments in information furnished in earlier returns in Table No. 3
• Input tax credit mis-matches and reclaims to be distributed in the tax period
• Distribution of input tax credit reported in Table No. 6 and 7 (plus / minus)
• Redistribution of ITC distributed to a wrong recipient (plus / minus)
• Late Fee
• Refund claimed from electronic cash ledger
Let’s break the format and understand what needs to be done in the individual sections:
1.) GSTIN: Your registered and allocated GSTIN by the Government of India will be Auto-populated.
2.) Name: Name will be automatically generated after signing into the GSTN portal.
3.) Input tax credit received for distribution:
In this section the ISD (Input Service Distributor) need to furnish the details of the vendor who is receiving the (ITC) Input Tax Credits on his GSTIN. The vendor has to provide details like GSTIN’s, Invoice details, etc. The segregation of credits is according to the IGST, CGST and SGST respectively.
4.) Total ITC/Eligible ITC/Ineligible ITC to be distributed for tax period (From Table No. 3) :
In this section the ISD has to furnish the details about the Total ITC/ Eligible ITC that need to be paid to the vendor for specific tax period. Cess if provided any also has to be mentioned respectively.
5.) Distribution of input tax credit reported in Table:
In this section the ISD has to report the vendor what percentage of ITC he/she is eligible and what percentage of ITC he/she is not eligible. The vendor can claim for ITC based on the inputs that the ISD give in this section.
6.) Amendments in information furnished in earlier returns in Table No. 3
In this section the ISD has to furnish the corrections or changes that the ISD wants to do in the earlier submitted GSTR-6. It contains three sub-sections:
• 6A.) In this sub-section the ISD need to furnish the details of any incorrect data is entered in the earlier filing.
• 6B.) In this sub-section the ISD need to furnish the details of the Debit or Credit Notes received this should be the original one.
• 6C.) In this sub-section the ISD need to furnish the details of the Debit or Credit Notes changes that needs to be done in the previous month.
7.) Input tax credit mis-matches and reclaims to be distributed in the tax period:
In this section the ISD has to furnish the details about the Input Tax Credit which consists of mis-matches and reclaims that has to be distributed for the specific tax period.
The two Sub-sections are:
• 7A.) Talks about the ITC Mismatches.
• 7B.) Talks about the ITC that is reclaimed on Rectification of mismatch.
8.) Distribution of input tax credit reported in Table No. 6 and 7 (plus / minus)
In this section the ISD has to furnish details about the distribution of ITC that was reported in the earlier Table 6 and 7. Any changes or corrections that need to be done in the amount of eligible ITC to the vendor can be done in this section.
9.) Redistribution of ITC distributed to a wrong recipient (plus / minus):
In this section the ISD need to mention the details about the distribution of ITC to a wrong vendor and needed changes in the earlier month has to be mentioned in this section.
10.) Late Fee:
In this section the ISD has to furnish the details about the implications of late fee by the vendor has to be mentioned here.
11.) Refund claimed from electronic cash ledger:
In this section the ISD has to mention the details of the refund that can be claimed from the electronic cash ledger.
At the end of the document we will see a declaration stating that the information that we provide is appropriate and correct, once it is done you may upload the file.
To know more about GST Return Filing kindly visit: www.gsttaxacademy.in
You can file GSTR-2 using DSC, E-Sign or EVC.
Digital Signature Certificate (DSC)
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. A digital certificate can be presented electronically to prove one’s identity, to access information or services on the Internet or to sign certain documents digitally. In India, DSC are issued by authorized Certifying Authorities.
The GST Portal accepts only PAN based Class II and III DSC.
Electronic Signature (E-Sign)
Electronic Signature (E-Sign) is an online electronic signature service in India to facilitate an Aadhar holder to digitally sign a document.
A One Time Password (OTP) will be sent to mobile phone number that is registered with Aadhar at the time of digitally signing documents at the GST Portal.
Electronic Verification Code (EVC)
The Electronic Verification Code (EVC) authenticates the identity of the user at the GST Portal by generating a OTP. The OTP will be sent to the mobile phone number of the registered mobile phone of Authorized Signatory filled in part A of the Registration Application.
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