GST Return filing Process in India- Inforgraphic Presentation

By | October 3, 2016
(Last Updated On: October 4, 2016)

Contents

GST Return filing Process in India

GST Return filing Process

GST Retun Filing Process

GST Return Forms – 27 Forms

GST Return Format-1 GST Return Format -2

GST Return : Who … What….When….to File GST Return

Sr.NoFormWho to File ?What to file?When to File ?
1GSTR-1Registered taxable supplierOutward supplies10th of the month succeeding the tax period
2GSTR-2Registered taxable recipientInward supplies /Purchases15th of the month succeeding the tax period
3GSTR-3Registered taxable personOutward supplies , inward supplies, ITC availed, tax payable, tax paid and other particulars as prescribed20th of the month succeeding the tax period
4GSTR-4Composition supplierOutward supplies, inward supplies18th of the month succeeding the quarter
5GSTR-5Non-resident personOutward supplies, inward supplies20th of the month succeeding tax period & within 7 days after expiry of registration
6GSTR -6Input service distributordetails of tax invoices on which credit has been received13th of the month succeeding the tax period
7GSTR-7Tax deductorDetails of tax deducted10th of the month succeeding the month of deduction
8GSTR-8E commerce operator/tax collectorDetails of tax collected.10th of the month succeeding the tax period
9GSTR-9 Registered Taxable PersonsAnnual Return31st December of the next Financial Year]
10GSTR 9ATaxable Person paying tax u/s 8 (Compounding Taxable Person)Annual Return31st December of the next Financial Year]
11GSTR 9BRegistered Taxable Person (if Turnover Exceeds 1Crore)Audit Report with Reconciliation Statement31st December of the next Financial Year
12GSTR 10Taxable person whose registration has been surrendered or cancelledFinal returnwithin three months of the date of cancellation or date of cancellation order, whichever is later
13GSTR 11Persons having Unique Identity Number and Claiming RefundDetails of inward supplies28th of the month following the month for which statement is filed


GST Return Due date and Relevant Form:

Download 
Draft GST Return Formats released by Govt 

GST Return filing Process in IndiaGST Return filing Process in IndiaGST Return filing Process in IndiaGST Return filing Process in India

GST Return Matching at GSTN Portal

GSTN Matching

GST Return Information Flow to Govt Agencies

GST Information Flow for GST Return

GST Return Filing Steps 

GST Return filing process for Normal Assessee:

Step 1: Supplier (GSTR-1):

Cover all outward supplies effected during/in earlier tax period and submit GSTR-1;

Step 2: Recipient (GSTR-2):

  • GSTR-2A (of recipient) shall be auto-generated based on GSTR-1 filed by Supplier;
  • Following shall also be made available with recipient for preparation of GSTR-2
    • Part-A of GSTR-2A showing inward supplies & DN/CN of suppliers;
    • Part-B of GSTR-2A showing ITC transferred to recipient by ISD as per GSTR-6;
    • Part-C of GSTR-2A showing TDS deducted by deductor as per GSTR-7;
    • Part-D of GSTR-2A showing TCS collected by E-commerce operator as per GSTR-8;
  • Recipient shall correct any mistake in GSTR-2 on basis of auto-populated GSTR-2 & 2A and BOA;
  • Recipient shall mention ITC ineligible on inward supplies relating to non-taxable supply/ personal use of goods/ etc. in GSTR-2;
  • Any correction made by recipient in GSTR-2 shall be auto populated and made available using GSTR-1A to the supplier for making corrections in GSTR-1.

Note: GSTR 1 relevant details are auto-populated in GSTR-2A which is visible to recipient and GSTR-2 relevant details are auto-populated in GSTR-1A which is visible to supplier.

Step 3: Monthly GST Return (GSTR-3)

  • Part-A of GSTR-3 shall be auto-populated from GSTR-1 & GSTR-2 details of Assessee;
  • Pay Tax as per GSTR-3 & fill the details in Part-B;
  • Apply for refund in Part-B in case of balance in Electronic Cash Ledger (option of Assessee)

Step 4: GST Mismatch Report (GST ITC-1) (Assuming compliance for August)

  • Communication of mismatch to both supplier and recipient latest by last date of the month in which mismatch being carried out (by Sept. end);
  • If rectification not done by ___ date, then Output liability of recipient would be increased by such amount succeeding the month in GSTR-3 in which discrepancy communicated (i.e. of Oct.);

2) GST Return – Miscellaneous Points

a) Reduction of Sales Value of Invoice – Process

  • Issuance of Credit Note (CN) by Supplier;
  • Insertion of details in GSTR-1 by Supplier;
  • Acceptance of CN in GSTR-2A by recipient.

b) TDS Certificate shall be issued automatically in GSTR-7A on the basis of return filed by deductor in GSTR-7.

c) GSTR-1 (Sales Register):  HSN Code for goods – in invoice level details

  • HSN Code Classification
ConditionHSN Code required
Turnover in Preceding FY
– Below 1.5 croreOnly description required
– Above 1.5 croreHSN upto 2 digits
– Above 5 croreHSN upto 4 digits
VoluntaryHSN upto 6/8 digits
Exports/ Imports8 digits
  • Accounting codes for Services is mandatory
  • Requirement to mention Invoice level details:
Transaction TypeDetails required
B2B (Intra/Inter State transaction)Invoice level details required
B2C :Inter State with Transaction value > 2.5 Lakh
B2C :Inter State with Transaction Value < 2.5 LakhSummary details on basis of recipient required
B2C – Intra State Transaction

d) GSTR- 2 (Purchase Register)

  • Due date is 15th of the next month but data can be uploaded on daily, fortnight, weekly too.

e) GSTR-3 (Monthly Return Form)

  • Part- A is fully automated;
  • Only adjustment entries and challan information will be entered in Part-B;
  • Cash ledger (tax deposit in cash and TDS/ TCS) will made separately for CGST , SGST and IGST

f) Mismatching:

  • Any mismatch being rectified at a later stage would be shown in GST ITC-1;
  • In case of reversal of interest paid on mismatch on account of rectification of returns, the refund amount shall be credited to electronic cash ledger in GST PMT-3
  • The following case shall be assumed as no mismatch:
    • If ITC claimed by Buyer is less than Output tax paid by Seller
    • If Reduction of Output Liability by Supplier using Credit note is less than the ITC claim reduced in return by recipient.

Free Education Guide on Goods & Service Tax (GST)


SR No

Topic -GST

Resources

1

Model GST Law

Model GST Law

2

GST Overview

Goods and Services Tax (GST): An Overview

Integrated Goods & Service Tax (IGST) Act Overview

Meaning and Scope of Supply

Time of Supply

Place of Supply of Goods and Service under GST

Valuation in GST

Levy of GST & Exemption from Tax

Job Work under Goods & Service Tax (GST)

Electronic Commerce under Goods & Service Tax (GST)

3

Transition to GST

Transitional Provisions in Goods & Service Tax (GST)

4

Registration

GST Registration FAQ’s

GST Registration Process -Video

GST -Draft Registration Rules

GST -Draft Registration Formats

5

Invoice

GST Draft Invoice Rules released by CBEC

GST Draft Invoice formats Released by CBEC

6

Input Tax Credit

Input Tax Credit under Goods & Service Tax (GST)

Concept of Input Service Distributor in Goods & Service Tax (GST)

7

Payment

GST Payment of Tax

GST Draft Payment Rules Released by CBEC

GST Draft Payment formats Released by CBEC

8

Refunds

Refund under GST

Draft GST Refund Forms released by CBEC

Draft GST Refund Rules released by Govt

9

Returns

Returns Process and matching of Input Tax Credit under GST

Draft GST Return Rules Released by Govt

Draft GST Return Formats released by Govt

10

Assessment and Audit

Assessment and Audit under GST

11

Inspection, Search, Seizure and Arrest

Inspection, Search, Seizure and Arrest under GST

12

Offences, Penalty, Prosecution & Compounding

Offences, Penalty, Prosecution & Compounding in GST

13

Demands and Recovery

Demands and Recovery under GST

14

Appeals and Review

Appeals, Review and Revision in GST

15

Advance Ruling

Advance Ruling in Goods and Service Tax (GST)

16

Settlement Commission

Settlement Commission in Goods and Service Tax (GST)

17

GST Portal

Frontend Business Process on GST Portal

Direct Taxes Ready ReckonerService Tax Ready ReckonerCompany Law Ready Reckonertax deduction at source
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