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Teach Back Session – Revisiting Registration

Dive into a detailed overview of GST Returns, understanding creation, submission of GSTR 1 & GSTR 2, various return forms such as GSTR 3, 4, 5, 6, 7, 8, and more. Get hands-on insights and important dates for filing returns.

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Teach Back Session – Revisiting Registration

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  1. Registration Teach Back Session – Revisiting Registration

  2. Registration for Taxpayers Application for New Registration of a Normal Taxpayer: Hands-On

  3. Tax Official’s Interface Subsequent Login for Tax Official & view the Dashboard: Hands-On

  4. Tax Official’s Interface Processing of New Registration Application of Normal Taxpayer: Hands-On

  5. Returns for TaxpayersDuration: 3 Hours

  6. Returns for Taxpayers Some Highlights • Single Interface • One interface for all return filing Easy filing through multiple modes Continuous Data of Invoices & Instant Updates Daily invoice Upload • B2B Credit Verification • Suppliers & receivers required to validate each others invoices for seamless flow of credit Revision of Earlier Declared Entries

  7. Returns for Taxpayers Module Objectives After completing this module, you will understand: • Overviewof Returns • Creation & submission of the monthly GSTR 1 & GSTR 2

  8. Returns for Taxpayers Overview of GST Returns Monthly Quarterly • GSTR 1 Statement of Outward Supplies • GSTR 2 Statement of Inward Supplies • GSTR 3 Monthly GST Return • GSTR 5 Non-resident taxable persons • GSTR 6 Input Service Distributor (ISD) Return • GSTR 7 Tax Deduction at Source (TDS) return • GSTR 8 Tax Collection at Source (TCS) Return • GSTR 11 Inward Supplies for Government Bodies • GSTR 4 Compounding taxpayer Annual • GSTR 9 Annual GST Return • GSTR 9A Annual return for Compounding Taxpayer • GSTR 9B Reconciliation Statement Unscheduled • GSTR 10 Final return after cancellation, within three month of cancellation

  9. Returns for Taxpayers GSTR 1, GSTR 2, & GSTR 3: Due Date for Filing Please note: The tax period for the monthly deadlines is the previous calendar month

  10. Returns for Taxpayers GSTR 4, GSTR 5, & GSTR 6: Due Date for Filing * Important: For GSTR 5 non-resident taxable persons, final return must be filed by the 20th of the succeeding calendar month or within 7 days of expiration of registration whichever is earlier. Please note: The tax period for the monthly deadlines is the previous calendar month

  11. Returns for Taxpayers GSTR 7, GSTR 8, & GSTR 9: Due Date for Filing *For previous financial year Please note: The tax period for the monthly deadlines is the previous calendar month

  12. Returns for Taxpayers Who can file GST Returns?

  13. Returns for Taxpayers Where can I file my GST Returns?

  14. Returns for Taxpayers What is a GSP? • GST Suvidha Provider (GSP) is an additional mechanism available for taxpayers to facilitate uploading invoices as well as filing returns & act as a single stop shop for GST related services. • Currently there are 34 approved GSPs (including companies like Tally, TCS, Deloitte) • Taxpayers can choose services of one or multiple GSP based on their requirement & offerings of the GSP. • GSP can create their own unique products like Mobile apps, User interface, ERP solutions to help their clients be GST compliant. • GSPs will communicate data directly to GST Core system (& not through GST website available for all taxpayers).

  15. Returns for Taxpayers GSTR 1: Statement for Outward Supplies Hi, I am George. I run a motel & provide food & lodging to my clients. Hi, I am Nadeem. I own a shoe factory & supply shoes to various dealers across the country. Hi, I am Pankaj. I run a grocery shop. I provide daily needs items to the society members & nearby residents.

  16. Returns for Taxpayers GSTR 1: Statement for Outward Supplies • In the GSTR 1, invoices are uploaded by the Supplier Taxpayer. • Invoice uploaded in GSTR 1 for a financial year can be modified before filing of September GSTR 3 of next financial year or filing of annual return, whichever is earlier. • E-commerce sales transactions are captured explicitly in GSTR 1. • B2B & B2C transactions are captured separately in GSTR 1.

  17. Returns for Taxpayers GSTR 1: Statement for Outward Supplies • A Supplier Taxpayer is required to prepare GSTR 1 wherein they will report invoice level information. • GSTR 1 needs to be filed even if there is no business activity (i.e. Nil Return) during the period of return. • Supplier Taxpayer will file return in electronic form only. • Invoices for IGST, CGST/SGST will be issued separately (in other words, one invoice can’t have IGST as well as SGST/CGST). • An invoice can’t have two different places of supply. POS should be a mandatory field in the inter-state invoice. • Bulk upload facilities are available for suppliers who have above specified entries per month.

  18. Returns for Taxpayers GSTR 2A: Draft of GSTR 2 • GSTR 2A contains an auto populated list of all invoices received from all Suppliers Taxpayers’ corresponding returns for the given tax period; these invoices can be acted upon directly in the GSTR 2 before filing. • Before filing the GSTR 2, Receiver Taxpayer shall take action on all • the invoices received in the GSTR 2A. • Receiver Taxpayer can accept, reject, & modify any pending invoices received in the GSTR 2A. Also, receivers can park items for next tax period & such items will roll over to next month’s GSTR 2. • Accepted & Modified Invoices will flow to GSTR 2 & in case of Rejection • only an intimation will be sent to Taxpayer & Tax Officer. • GSTR 2A is a read-only document & will be available for view even after the tax period is over.

  19. Returns for Taxpayers GSTR 2: Statement of Inward Supplies • Receiver Taxpayer can Add any missing invoices in the GSTR 2. • GSTR 2 is editable until receiver taxpayer has acted upon all the invoices received from all the supplier taxpayers (bulk approval/rejection is possible in GSTR 2). • Receiver taxpayer may choose to not act upon one or more invoices which will carry the ‘pending’ status & may be acted upon in subsequent tax periods. • After executing all the necessary actions, receiver taxpayer can file the GSTR 2. • GSTR 2 needs to be filed even if there is no business activity (i.e. Nil Return) during the period of return. Receiver Taxpayer will file return in electronic form only. • GSTR 2 can be filed only after 10th of the succeeding month. Why?

  20. Returns for Taxpayers GSTR 1A: Addendum to GSTR 1 • In the event of any amendment to an invoice or addition (in GSTR 2 of Receiver Taxpayer), the amended/added invoice(s) will auto populate the GSTR 1A of the Supplier Taxpayer. • This will happen in case of any error or discrepancy in the invoice level details at supplier’s end. • The Supplier Taxpayer can Accept or Reject the amended/added invoice. • If Supplier Taxpayer accepts the amendment/addition, their GSTR 1 will be auto-amended & liabilities will be updated accordingly. • In case they reject the amendment/addition, there will be no impact on their GSTR 1 & associated liabilities.

  21. Returns for Taxpayers GSTR 1A: Addendum to GSTR 1 • What will happen in case the Supplier Taxpayer rejects the amended invoice? • It will lead to a mismatch. However, there are two possible scenarios: • Upward – Mismatch Report will be created • Downward – Supplier Taxpayer, Receiver Taxpayer & Tax Official(s) will be intimated

  22. Returns for Taxpayers GSTR 3: The Consolidated Monthly Return Hi, I am Mukesh & I own an automobile workshop. I file GSTR 1 for spare parts & services I supply to various customers. I file GSTR 2 for all the spare parts I receive from various automobile companies. I file GSTR 3, on the basis of GSTR 1 & GSTR 2 so my tax liability during the month is calculated while filing of GSTR 3.

  23. Returns for Taxpayers GSTR 3: The Consolidated Monthly Return Hi, I am Veena & I run a boutique. I file GSTR 1 for all the stitched garments I supply to my clients. I file GSTR 2 for dress material such as fabric, borders, & buttons I buy from various whole sale merchants I file GSTR 3, on the basis of GSTR 1 & GSTR 2 so my tax liability during the month is calculated while filing of GSTR 3.

  24. Returns for Taxpayers GSTR 3: The Consolidated Monthly Return Hi, I am Kanwardeep, I run a transport agency. I have drivers on contract from ABC Drivers agency & I provide cab services for inter and intra state travels. I file GSTR 1 & GSTR 2 every month. I file GSTR 3, on the basis of GSTR 1 & GSTR 2 so my tax liability during the month is calculated while filing of GSTR 3

  25. Returns for Taxpayers GSTR 3: The Consolidated Monthly Return • Precondition - GSTR 1 & GSTR 2 must be filed successfully. Why? • Summary of business transaction details for the tax period auto populated on the basis of GSTR 1 & GSTR 2. Examples? • Must be filed even if there is no business activity (NIL Return). Who all have to file GSTR 3?

  26. Returns for Taxpayers Monthly Returns: Data Flow GSTR 5 (NRTP) GSTR 6 (ISD) GSTR 7 (TDS) GSTR 8 (TCS) GSTR 2/2A OF SUBSEQUENT TAX PERIOD GSTR 1 GSTR 2/2A MODIFY ADDED INVOICE ACCEPT REJECT ACCEPT or MODIFY MODIFY or ADD GSTR 1A MISMATCH FILE GSTR 2 REJECT

  27. Returns for Taxpayers GSTR 1, GSTR 2, & GSTR 3: Checking for Understanding • What will be the impact of a credit note filed by the supplier on his liability in that tax period? • What happens to the ITC availed in GSTR 2 if the supplier rejects the invoice details? • Can invoice details be amended if the recipient accepts & claims credit on an invoice?

  28. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application – Preconditions Taxpayer should be a registered taxpayer & have an Active GSTIN for the given tax period. Taxpayers should have valid login credentials (i.e., User ID & password). For cancelled GSTIN, taxpayer will have an option to file GSTR 1 for tax period during which there was business activity after the date of application for cancellation. Taxpayer should have an active (unexpired & unrevoked) digital signature certificate (DSC) in case of Taxpayer for whom digital signing is mandatory. Taxpayer should have a valid Aadhar number with mobile number if they opt for e-sign.

  29. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application

  30. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application In the Services Menu, click on Returns > Returns Dashboard

  31. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application • Select Financial Year & Return Filing Period (Calendar Month) • Click SEARCH

  32. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 3. Select GSTR 1 – Outward supplies made by the taxpayer by clicking on PREPARE ONLINE

  33. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 4. Click on B2B Invoices & you will be directed to the Add Invoice Page

  34. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 5. Click on ADD INVOICE

  35. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 6. Enter Receiver GSTIN & Receiver Name will get auto populated. Enter the other mandatory details 7. Proceed to add line item-wise data in dropdown that appears after entering GSTIN (next slide)

  36. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 8. Enter all the mandatory details like HSN Code (Goods) or SAC (Services) , CGST + SGST or IGST (depending on whether Inter-state or Intra-state supply,) CESS etc. 9. Click ADD to add the line item

  37. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 10. Once all line items are added for a particular invoice, click SAVE to add the invoice

  38. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 11. On clicking SAVE, You will be directed to the previous page and there will be a status display on the processing of the invoice 12. Click on Click Here for Update

  39. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 13. Click on the reference number under B2B and status will be updated as Processed (may take up to 1-minute) 14. Click BACK. You will be directed to the GSTR 1 landing page and the B2B tile in GSTR 1 will reflect the number of invoices added

  40. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 15. Click on B2BInvoices and you will be directed to the Add Invoice page again where the added the invoice will reflect under B2B Invoices – Receiver-wise Summary

  41. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 16. You can click on the GSTIN under Receiver Details and you will be directed to the Add Invoice Page from where you can also edit/delete the added invoices (under Actions)

  42. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 16. You can click on the GSTIN under Receiver Details and you will be directed to the Add Invoice page from where you can also edit/delete the added invoices (under Actions) 17. Similarly, add all the invoices with line item-wise data in the respective tiles - B2B, B2C – Large, B2C – Others, etc. 18. Once you have added all the details, click on SUBMIT at the bottom of the GSTR 1 landing page

  43. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application 19. After clicking SUBMIT, click on FILE 20. In case of private limited companies, LLPs, & FLLPs DSC is mandatory for filing returns 21. Click Confirm 22. Once user clicks on Confirm button, the Acknowledgement Reference Number (ARN) will be generated & the pop-up message will appear (as shown)

  44. Returns for Taxpayers Filing GSTR 1: Demonstration Using Application – Business Rules GSTR 1 for the current tax period cannot be filed if GSTR 3 is not filed for the immediately preceding period. GSTR 1 can be filed only after completion of the calendar month except in the case of casual dealers Interest will be calculated for taxpayers on be daily or monthly based on final version of the law.

  45. Returns for Taxpayers Filing GSTR 1: Hands-on Training

  46. Returns for Taxpayers Filing GSTR 2: Demonstration Using Application

  47. Returns for Taxpayers Filing GSTR 2: Demonstration Using Application – Preconditions Taxpayer should be a registered taxpayer & have an Active GSTIN for the given tax period. Taxpayers should have valid login credentials (i.e., User ID & password) For cancelled GSTIN, taxpayer will have an option to file GSTR 2 for period after the date of application for cancellation; it will not be mandatory. Taxpayer should have an active (unexpired & unrevoked) digital signature (DSC) in case of Taxpayer for whom digital signing is mandatory. Taxpayer should have a valid Aadhar number with mobile number if they opts for e-sign.

  48. Returns for Taxpayers Filing GSTR 2: Demonstration Using Application • From the landing page of returns, select return filing period (Financial Year + Month) • Click on PREPARE ONLINE • GSTR 2 can be filed only up to period of registration (i.e., till date of cancellation)

  49. Returns for Taxpayers Filing GSTR 2: Demonstration Using Application 4. The Summary wise details for the data uploaded will be available in this screen where the taxpayer will be able to view the summary of all data uploaded & processed.

  50. Returns for Taxpayers Filing GSTR 2: Demonstration Using Application 5. Click on B2B Invoices to view invoice level details received from Supplier Taxpayers’ filed GSTR 1 6. In case supplier(s) have not filed GSTR 1, you can upload details yourself using the UPLOAD button (refer to slide 63). The process is identical to the upload process in GSTR 1

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