Daily Archives: August 19, 2017

Who are not required to File GSTR 3B

Attention Taxpayers, GSTR 3B return is not to be filed by Input Service Distributor(ISD), non-resident person, TCS, TDS& Composition Dealers Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars… Read More »

Category: GST

What are non-core fields in GST Registration Amendment ?

GST Registration Amendment What are core fields while making Amendment under GST ? Following fields of the registration application are called core fields. • Name of the Business, (Legal Name) if there is no change in PAN • Addition / Deletion of Stakeholders • Principal Place of Business (other than change in State) or Additional… Read More »

Category: GST

What are core fields in GST Registration ?

What are core fields while making Amendment under GST ?  Following fields of the registration application are called core fields. • Name of the Business, (Legal Name) if there is no change in PAN • Addition / Deletion of Stakeholders • Principal Place of Business (other than change in State) or Additional Place of Business… Read More »

Category: GST

Taxpayer need to check validity of GST registration of recipients

Does a taxpayer need to check the validity of the registration of the recipients furnished in GSTR-1 ? Yes, the taxpayer should check the validity of the recipients GSTIN and upload the invoice details only if the recipient was active on the date of issue of invoice, otherwise the system will throw a validation error… Read More »

Category: GST

Digital Signature Certificate ( DSC ) for GST ? Precautions

What precautions need to be taken while applying Digital Signature Certificate (DSC) for GST ? 1. DSC should be Class II or Class III, PAN-based DSC 2. The DSC must not be expired 3. The DSC must be registered on the GST Portal 4. EM Signer version 2.6 must be installed on the computer 5.… Read More »

Category: GST

Different ways in which GSTR-1 can be electronically signed ?

What are the different ways in which GSTR-1 can be electronically signed? Taxpayers can electronically sign their returns using a DSC (mandatory for all types of companies and LLPs), E-sign (Aadhaar-based OTP verification), or EVC (Electronic Verification Code sent to the registered mobile number of the authorized signatory)   Related GST FAQ GSTR 1 FAQ… Read More »

Category: GST

How to ensure whether GSTR 1 is successful filed ?

What are communications received after successful filing of GSTR-1? a. Application Reference Number (ARN) gets generated on successful filing of GSTR-1. b. An SMS and email is also sent to the taxpayer on the Mobile Number and E mail ID of his primary authorised signatory.   Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs… Read More »

Category: GST

Does a taxpayer need to electronically sign GSTR-1 after successful submission

 Does a taxpayer need to electronically sign GSTR-1 after successful submission of GSTR-1? Yes, a tax payer needs to electronically sign the GSTR-1 after successfully submitting it, otherwise GSTR-1 will be considered as not-filed. The successful submission freezes the GSTR-1 and no changes can be made by taxpayer thereafter.   Related GST FAQ GSTR 1… Read More »

Category: GST

Format for invoice number under GST laws

Is there any specified format for invoice number under GST laws? Yes, the invoice number has to be of maximum length of 16 characters and the allowable characters are alphanumeric and special characters of dash and slash.   Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic… Read More »

Category: GST

Can GSTR 1 be modified ?

Until when can changes be made to the uploaded invoice details in GSTR 1 ? Taxpayers can modify/delete invoices any number of times till they submit the GSTR-1 of that particular tax period. The uploaded invoice details are in a draft version, and can be changed irrespective of due date until the GSTR-1 is submitted.… Read More »

Category: GST

How to report supplies to SEZ units or SEZ developers in GSTR 1 ?

How do I report supplies to SEZ units or SEZ developers in GSTR-1? As the SEZ unit or SEZ developer are registered and have GSTIN, the invoice details of supplies to them need to be reported in the section of supplies to registered taxpayers (B2B invoice details) with appropriate SEZ flag.   Related GST FAQ… Read More »

Category: GST

How to show shipping bill for export invoices in GSTR 1 ?

Q Is shipping bill number mandatory while declaring export invoices in GSTR-1? No, a taxpayer can furnish details of the export invoices in GSTR-1 and file the return without mentioning the shipping bill number and date, if the shipping bill details are not readily available with him. Q. How can shipping bill number be furnished… Read More »

Category: GST

How to show Advance received in GST return GSTR 1 ?

 In case of Receipt of advance by the Supplier from a Receiver, is the supplier liable to pay tax on such an advance amount under GST ? Yes, Supplier is liable to pay tax on advances received from Receivers for the supply of goods and services and report the consolidated advance received details in month… Read More »

Category: GST

When should Credit Notes be reported in GST return

What are Credit Notes? Credit Note is a document issued against an invoice in cases where invoice was issued at a value higher than the actual value of goods and/or services provided or the invoice value is reduced due to post supply negotiations. This may also happen when the goods supplied are returned by the… Read More »

Category: GST

What are Credit Notes in GST return ?

What are Credit Notes? Credit Note is a document issued against an invoice in cases where invoice was issued at a value higher than the actual value of goods and/or services provided or the invoice value is reduced due to post supply negotiations. This may also happen when the goods supplied are returned by the… Read More »

Category: GST

When to report Debit Notes in GST return ?

What are Debit Notes under GST ? A Debit Note is a document issued against an invoice in cases where the original invoice was issued at a value lower than the actual value of goods and/or services provided. It can also be issued in case of post supply price negotiations. The difference amount is accounted… Read More »

Category: GST

What are Debit Notes in GST Return ?

What are Debit Notes under GST ? A Debit Note is a document issued against an invoice in cases where the original invoice was issued at a value lower than the actual value of goods and/or services provided. It can also be issued in case of post supply price negotiations. The difference amount is accounted… Read More »

Category: GST

What is meant by B2C Supplies in GST Return ?

 What is meant by B2C Supplies? B2C Supply refers to supply transactions between a Registered Supplier and an Unregistered Buyer (Business-to-Consumer).   Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic Cash and Input Tax Ledger GST FAQ on IT / ITES 150 GST FAQ’s Replied by… Read More »

Category: GST

What are B2B Supplies in GST Return ?

What are B2B Supplies? B2B Supply refers to supply transactions between registered taxable entities/persons (Business-to-Business supplies).   Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic Cash and Input Tax Ledger GST FAQ on IT / ITES 150 GST FAQ’s Replied by Govt of India Tweet FAQs… Read More »

Category: GST

Relationship between Invoice value and Taxable Value in GSTR 1 ?

 Will there be any validation on relationship between Invoice value and Taxable Value in GSTR 1 ? Taxable value is the value as per the provisions of GST law. There will be no validation that the invoice value is equivalent to taxable value plus the tax amount. [ Note he ‘Total Invoice Value’ column in GSTR-1… Read More »

Category: GST

How to enter turnover in Landing Page of GSTR 1

How should the value of turnover to be in entered in the mandatory field on the landing page of GSTR-1? The turnover value in Table 3 of GSTR-1 has to be entered manually for the first year as the information is not available with the GST system. From the second year of implementation of GST,… Read More »

Category: GST

For which class of Taxpayers is DSC mandatory for filing GST returns ?

  For which class of Taxpayers is DSC mandatory for filing returns under GST ? DSC is mandatory in case of all Public & Private Limited Companies, Limited Liability Partnerships (LLPs), and Foreign Limited Liability Partnerships (FLLPs). Related GST FAQ GSTR 1 FAQ GSTR 2A FAQs GSTR 3B FAQ How to utilize GST Electronic Cash… Read More »

Category: GST

What are the pre-requisites for filing GSTR 1 ?

What are the pre-requisites for filing GSTR-1? Pre-requisites for filing GSTR-1 are: a. The taxpayer should be a registered taxpayer and should have an active GSTIN during the tax period for which GSTR-1 has to be furnished. b. The taxpayer should have valid login credentials (i.e., User ID and password) to login into GST Portal.… Read More »

Category: GST

Which type of registered taxpayers are not required to file the GSTR-1 ?

Which type of registered taxpayers are not required to file the GSTR-1? The following taxpayers are not required to file GSTR-1: Taxpayers under the Composition Scheme (Return to be filled by them in GSTR 4) Non-resident foreign tax payers (Return to be filled by them in GSTR 5) Online information database and access retrieval service… Read More »

Category: GST

GSTR 1 FAQ

  GSTR-1 1. What is GSTR-1? GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services. 2. Who is required to file the GSTR-1? Every registered taxable person,… Read More »

How to utilize GST Electronic Cash and Input Tax Ledger

Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger 1. After submitting the GSTR-3B return, I was trying to make payment of the tax and was trying to offset my liability from the Electronic Cash Ledger; however I faced error. On what basis can I utilize the balance in Electronic Cash ledger? The utilization… Read More »

GSTR-3B once filed can not be modified

 I have already filed GSTR-3B, but now I want to make some modifications. Can I file an amendment? GSTR-3B once filed cannot be revised. Adjustments, if any, has to be done subsequently when you file GSTR-1, 2 & 3 for the same tax period.   Related GST FAQ GSTR 3B FAQ GST FAQ on IT… Read More »

Category: GST

I am unable to select GST Return Filing Period as July 2017. Why?

  I am unable to select Return Filing Period as July 2017. Why? Check the validity of your registration in your Registration Certificate. You can file Returns for period for which Registration is effective. Related GST FAQ GSTR 3B FAQ GST FAQ on IT / ITES 150 GST FAQ’s Replied by Govt of India Tweet… Read More »

Category: GST

GSTR 3B FAQ

GSTR-3B 1. What is GSTR-3B? GSTR 3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner A normal taxpayer is required to file GSTR-1, 2, & 3 returns for every… Read More »

Claim refund under GST for Export of Services after 01.07.2017

Question 29: I am an exporter of services. Would I be entitled to refund under GST after the 1st of July (appointed day)? Answer: For exports upto 30th June, 2017 refund may be claimed under the provisions of the Chapter V of the Finance Act, 1994. Exports made on and after 1st July would be… Read More »

Category: GST

Transferring GST credit through Input Service Distributor not mandatory

Question 26: Is the requirement of transferring of credit through ISD mechanism mandatory? Answer: The ISD (Input Service Distributor)  provision under the CGST Act, 2017 is not mandatory. It only provides the manner of distribution of ITC wherever the business entity wishes to distribute the ITC as an Input Service Distributor. Related GST FAQ GST… Read More »

Category: GST

GST Liability on defective parts sent to mother warehouse for repair

Question 22: How will the defective parts be sent to the mother warehouse/repairing centre for repair by the downstream repairing centres? What is the tax liability under GST ? Answer: The defective parts shall be sent for repair on a delivery challan accompanied by such e-way bill as may be prescribed. GST shall be chargeable… Read More »

Category: GST

GST treatment on replacement of parts under warranty free of cost

Question 20: What would be the tax liability on replacement of parts (no consideration is charged from a customer) under a warranty and whether the supplier is required to reverse the input tax credit under GST ? Answer: As parts are provided to the customer without a consideration under warranty, no GST is chargeable on… Read More »

Category: GST