1. ALPINE SKI HOUSE
TYPES OF GST
RETURNS
N. HARIHARAN BCOM CS.,DTP.,DOA
BCOM CS , SECOND YEAR
A. AMUTHA
3RD CHEMESTRY
ARULMIGU PALANIANDAVAR ARTS
COLLEGE FOR WOMEN
2. ALPINE SKI HOUSE
THANK YOU.
N. Harihran , A. Amutha
ahslideshare@gmail.com
www.slideshare.net/Hariharanamutha1/
9345020835
3. ALPINE SKI HOUSEALPINE SKI HOUSE 3
• A return is a statement of specified particulars relating to
business activity undertaken by the taxable person during a
prescribed period
What is return?
• There will be common e-return for CGST, SGST and IGST.
Whether diff. return
under CGST, SGST &
IGST?
• A registered taxable person shall not be allowed to furnish
return for tax period if valid return for any previous tax period
has not been furnished by him
What if return not filed
in any previous period?
• Every registered person is required to file a return for the
prescribed tax period. A return needs to be filed even if there is
no business activity (i.e. Nil Return) during the said tax period
What if there are no
business during period?
RETURN OVERVIEW
4. ALPINE SKI HOUSE 4
• Every register person except:
• Input service Distributor,
• Non-resident taxable person,
• Composition Taxpayer,
• Person deducting TDS or collecting TCS
Who is require
to file?
• Detail of outward supplies of goods or services made during
the month: I.e. detail of Invoice, Debit Note, Credit note &
Revised invoice and same is require to communicate to
recipient.
What are detail
require to file?
• Due date of GSTR 1 is 10th of following month of relevant tax
period
What is due date
of filing GSTR 1?
FURNISHING DETAILS OF OUTWARD SUPPLIES (GSTR 1)
7. ALPINE SKI HOUSEALPINE SKI HOUSE
FORMS FOR RETURNS
GST FORM PARTICULARS Date
FORM GSTR-1 Monthly Details of outward supplies of
goods and / or services
10th of subsequent
month. changes
allowed only in the
subsequent month.
FORM GSTR-2 Monthly Details of inward supplies 15th of subsequent
month.
FORM GSTR-3 Monthly return 20th of subsequent
month.
FORM GSTR-4 Quarterly Return under Composition
Scheme
18th day of
subseuent quarter
FORM GSTR-5 Monthly Return by non-resident taxable
person
20th of the month
succeeding tax
period & within 7
days after expiry of
registration
FORM GSTR-6 Monthly ISD Return 13th of subsequent
month.
8. ALPINE SKI HOUSEALPINE SKI HOUSE
FORMS FOR RETURNS
GST FORM PARTICULARS Date
FORM GSTR-7 Monthly Return - Details of Tax Deducted at
Source
10th of subsequent
month
FORM GSTR-8 Monthly Return - Details of Tax Collected at
Source
10th of subsequent
month
FORM GSTR-9 Annual Return 31st Dec of
subsequent year
FORM GSTR-9A Annual Return for Composition Scheme 31st Dec of subsequent
year
FORM GSTR-9B Audited annual accounts and a reconciliation
statement, duly certified
31st Dec of subsequent
year
FORM GSTR-10 Final Return within 3 months
FORM GSTR-11 Details of inward supplies of persons having
Unique Identity Number
End of every month
Form GSTR Annual return for E-Commerce Operators 31st Dec of
subsequent year
9. ALPINE SKI HOUSEALPINE SKI HOUSE
WHY RETURNS?
• Means of compliance verification
• Mode for transfer of information to tax administration
• To declare tax liability for a given period
• Providing necessary inputs for taking policy decision
9
10. ALPINE SKI HOUSEALPINE SKI HOUSE
FEATURES OF TAX RETURNS IN GST
Based on transactions – Invoice based
Designed for system based matching of Input Tax Credit and other details
(import, export etc.)
Auto-population from details of outward supplies
Auto-reversal of ITC in case of mismatch
Concepts of ledgers – cash, ITC and liability
No revised returns – changes through amendments rectifications and
reported in the return for the month in which error detected to original
details
10
14. ALPINE SKI HOUSE 14
INPUT TAX CREDIT UNDER GST &
MATCHING WITH RETURN
15. ALPINE SKI HOUSEALPINE SKI HOUSE
• 1st utilized towards payment of IGST.
• Remaining may be utilized towards
payment of CGST & SGST.
Amount of ITC
available on
account of IGST
• 1st utilized towards payment ofCGST.
• Remaining may be utilized towards
payment of IGST.
Amount of ITC
available on
account of CGST
• 1st utilized towards payment ofSGST.
• Remaining may be utilized towards
payment of IGST.
Amount of ITC
available on
account of SGST
Utilization of amount of ITC on account of
IGST/CGST/SGST
16. ALPINE SKI HOUSE 16
ITC does not include Tax paid on purchase from
person opting for composition scheme
Input Tax Credit
Means
IGST Paid on
Inter State
Purchases of
goods or services
or Import of
Goods
CGST Paid on
Intra State
purchase of
goods or services
SGST paid on
Intra state
purchase of
goods or services
Including tax
paid on reverse
charge basis
WHAT IS INPUT TAX CREDIT?
17. ALPINE SKI HOUSE 17
Every
registered
taxable
person
Is entitled
to take
credit of
input tax
charged
on any
supply of
goods or
capital
goods or
services to
him
which are
used or
intended to
be used in
the course
or
furtherance
of his
business
said amount
shall be
credited to
the
electronic
credit
ledger of
such person
WHO IS ELIGIBLE FOR INPUT TAX CREDIT?
18. ALPINE SKI HOUSEALPINE SKI HOUSE
DOCUMENTS IN GST
1
Tax
Invoice
Bill of
Supply
Receipt
Voucher
Payment
Voucher
Credit
Note
Debit
Note
E-way Bill
Delivery
Challan
Can I say Businesses are not supposed to bear any tax; They collect tax on behalf of the govt, handover the same to govt; They are the partners of the govt in that regard.
In Customs where transaction level details are fed, no returns are filed; Here- one there is periodic tax payments ; second invoice feeding is also periodic; Infact interface itself is periodic ; thirdly not all invoices will be fed- only B2B and large B2C;
Transaction invoice based information feeding and auto-population, auto-reversal and matching of information are the key hallmark of the returns system
