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GST Return Draft or Statements to be furnished

GST Return Draft or Statements to be furnished

GST Return Draft

GST Return Draft : One must acknowledge that, a tax paying entity will have to file returns on an average 3 per months and one annual return which sums up to 37 annual return per year. As per the GST model law, all the 37 return are mandatory and penalty will be imposed if a taxpayer miss to file the returns.

Here, look over the points to be considered while filing GST return:

  • Go to GST Portal : www.gst.gov.in
  • You will be given a 15-digit GST identification number based on state code and PAN number
  • You can take help of CAs who can process fillings either through Online GST Portal or via accounting software such as Gen GST Software
  • The taxpayers will be getting less complex method of filing of returns
  • The filing can be done by Online Method

GST Return Draft

List of GST Returns/Statements to be furnished by Registered Persons

1. Form GSTR-1 Details of outward supplies of taxable goods and/or services effected
2.Form GSTR-1A Details of outward supplies as added, corrected or deleted by the recipient
3.Form GSTR-2 Details of inward supplies of taxable goods and/or services claiming input tax credit
4.Form GSTR-2ADetails of inward supplies made available to the recipient on the basis of FORM GSTR-1 furnished by the supplier
5.Form GSTR-3Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax
6.Form GSTR-3ANotice to a registered taxable person who fails to furnish return under section 27 and section 31
7.Form GSTR-4 Quarterly Return for compounding Taxable persons
8.Form GSTR-4A Details of inward supplies made available to the recipient registered under composition scheme on the basis of FORM GSTR-1 furnished by the supplier
9.Form GSTR-5Return for Non-Resident foreign taxable person   
10.Form GSTR-6ISD return 
11.Form GSTR-6A Details of inward supplies made available to the ISD recipient on the basis of FORM GSTR-1 furnished by the supplier
12.Form GSTR-7Return for authorities deducting tax at source
13.Form GSTR-7A TDS Certificate
14.Form GST-ITC-1Communication of acceptance, discrepancy or duplication of input tax credit claim
15.Form GSTR-8Details of supplies effected through e-commerce operator and the amount of tax collected as required under sub-section (1) of section 43C
16.Form GSTR-9 Annual return
17.Form GSTR-9ASimplified Annual return by Compounding taxable persons registered under section 8
18.Form GSTR-9B Reconciliation Statement
19.Form GSTR-10Final return
20.Form GSTR-11 Details of inward supplies to be furnished by a person having UIN
21.Form GST-TRP-1Application for enrollment as Tax return preparer
22.Form GST-TRP-2Enrollment certificate as Tax return preparer
23.Form GST-TRP-3Show cause to as Tax return preparer
24.Form GST-TRP-4Order of cancelling enrolment as Tax return preparer
25.Form GST-TRP-5List of Tax return preparers
26.Form GST-TRP-6Consent of taxable person to Tax return preparer
27.Form GST-TRP-7Withdrawal of authorization to tax return preparer

GST Return Draft

Form GSTR-1

DETAILS OF OUTWARD SUPPLIES

1. GSTIN: ……………………..

2. Name of the Taxable Person: …………………….. (S. No. 1 and 2 will be auto-populated on logging)

3. Aggregate Turnover of the Taxable Person in the previous FY……………….. (To be submitted only in first year. To be auto populated in subsequent year)

4. Period: Month…………. Year ………

5. Taxable outward supplies to a registered person

GSTIN/ UIN InvoiceIGST  CGST SGSTPOS (only if different from the location of recipient) Indicate if supply attracts reverse charge $ Tax on this Invoice is paid under provisional assessment (Checkbox )GSTIN of e- commerce operator (if applicable)

  Notes:

1. Taxable Person has the option to furnish the details of nil rate and exempted supplies in this Table

2. In case of inter-state supplies, only IGST would be filled

3. In case of intra-state supplies, CGST & SGST would be filled.

GST Return Draft

RETURNS

1. Form and manner of furnishing details of outward supplies

(1) Every registered taxable person required to furnish the details:

(a) of outward supplies of goods and/or services effected during a tax period under sub-section (1) of section 25; and

(b) of outward supplies of goods and/or services effected during an earlier tax period under sub-section (2) of section 25 shall furnish such details in FORM GSTR-1 electronically through the Common Portal either directly or from a Facilitation Centre, notified by the Board or Commissioner.

(2) The details of outward supplies furnished by the supplier shall be made available electronically to each of the registered taxable persons (recipients) in Part A of FORM GSTR-2A through the Common Portal after the due date of filing of FORM GSTR-1.

(3) The details of inward supplies added, corrected or deleted by the recipient in his FORM GSTR-2 under sub-section (1) of section 26 or FORM GSTR-4 under section 27 shall be made available to the supplier electronically in FORM GSTR-1A through the Common Portal and such supplier may either accept or reject the modifications made by the recipient and FORM GSTR-1 furnished by the supplier shall stand amended to the extent of modifications accepted by him.

GST Return Draft

2. Form and manner of furnishing details of inward supplies

(1) Every registered taxable person required to furnish the details of inward supplies of goods and/or services received during a tax period under sub-section (2) of section 26 shall, on the basis of details contained in Part A of FORM GSTR-2A, prepare such details in the manner specified in sub-section (1) of the said section and furnish the same in FORM GSTR-2 electronically through the Common Portal, either directly or from a Facilitation Centre, notified by the Board or Commissioner, after including therein details of such other inward supplies, if any, required to be furnished under sub-section (2) of section 26.

(2) Every registered taxable person shall furnish the details, if any, required under sub-section (3) of section 26 electronically in FORM GSTR-2.

(3) The recipient of goods and/or services shall specify the inward supplies in respect of which he is not eligible, either fully or partially, for input tax credit in FORM GSTR-2 where such eligibility can be determined at the invoice level.

(4) The recipient of goods and/or services shall declare the quantum of ineligible input tax credit on inward supplies which is relatable to non-taxable supplies or for purposes other than business and cannot be determined at the invoice level in FORM GSTR-2.

(5) The details of invoices furnished by an Input Service Distributor in his return in FORM GSTR-6 under rule 7 shall be made available to the recipient of credit in Part B of FORM GSTR 2A electronically through the Common Portal and the said recipient may include the same in FORM GSTR-2.

(6) The details of tax deducted at source by the deductor under section 37 furnished in FORM GSTR-7 shall be made available to the deductee in Part C of FORM GSTR-2A 3 electronically through the Common Portal and the said deductee may include the same in FORM GSTR-2.

(7) The details of tax collected at source by an e-commerce operator under section 43C furnished in FORM GSTR-8 shall be made available to the concerned taxable person in Part D of FORM GSTR 2A electronically through the Common Portal and such taxable person may include the same in FORM GSTR-2.

GST Return Draft

3. Form and manner of submission of monthly return

(1) Every registered taxable person, other than a taxable person paying tax under section 8, shall furnish a return under sub-section (1) of section 27 in FORM GSTR-3 electronically through the Common Portal either directly or from a Facilitation Centre, notified by the Board or Commissioner.

(2) Part A of the return under sub-rule (1) shall be electronically generated on the basis of information furnished through returns in FORM GSTR-1, FORM GSTR-2, electronic credit ledger, electronic cash ledger and electronic tax liability register of the taxable person.

(3) Every registered taxable person furnishing the return under sub-rule (1) shall, subject to the provisions of section 35, discharge his liability towards tax, interest, penalty, fees or any other amount payable under the Act or these rules by debiting the electronic cash ledger and/or electronic credit ledger as per the details contained in Part B of the return in FORM GSTR-3.

(4) A registered taxable person, claiming refund of any balance in the electronic cash ledger as per sub-section (6) of section 35, may claim such refund in Part B of the return in FORM GSTR-3 and such return shall be deemed to be an application filed under section 38.

(5) Where the time limit for furnishing FORM GSTR-1 under sub-section (1) of section 25 and FORM GSTR-2 under sub-section (2) of section 26 has been extended, return in FORM GSTR-3 may be furnished in such manner as may be notified by the Commissioner/Board.

GST Return Draft

4. Form and manner of submission of quarterly return by the composition supplier

(1) Every registered taxable person paying tax under section 8 shall, after adding, correcting or deleting the details contained in FORM GSTR-4A, furnish a quarterly return in FORM GSTR-4 electronically through the Common Portal, either directly or from a Facilitation Centre, notified by the Board or Commissioner.

(2) Every registered taxable person furnishing the return under sub-rule (1) shall discharge his liability towards tax, interest, penalty, fees or any other amount payable under the Act or these rules by debiting the electronic cash ledger.

GST Return Draft

5. Form and manner of submission of return by non-resident taxable person

Every registered non-resident taxable person shall furnish a return in FORM GSTR-5 electronically through the Common Portal, either directly or from a Facilitation Centre, notified by the Board or Commissioner, including therein the details of outward supplies and inward supplies and shall pay the tax, interest, penalty, fees or any other amount 4 payable under the Act or these rules within twenty days after the end of a tax period or within seven days after the last day of the validity period of registration, whichever is earlier.

GST Return Draft

6. Form and manner of submission of return by an input service distributor

Every input service distributor shall, after adding, correcting or deleting the details contained in FORM GSTR-6A, furnish electronically a return in FORM GSTR-6, containing the details of tax invoices on which credit has been received and those issued under section 17, through the Common Portal either directly or from a Facilitation Centre, notified by the Board or Commissioner.

GST Return Draft

7. Form and manner of submission of return by a person required to deduct tax at source

(1) Every registered taxable person required to deduct tax at source under section 37 shall furnish a return in FORM GSTR-7 electronically through the Common Portal either directly or from a Facilitation Centre, notified by the Board or Commissioner.

(2) The details furnished by the operator under sub-rule (1) shall be made available electronically to each of the suppliers in Part C of FORM GSTR-2A on the Common Portal after the due date of filing of FORM GSTR-7.

(3) The certificate referred to in sub-section (3) of section 37 shall be made available electronically to the deductee on the Common Portal in FORM GSTR-7A on the basis of the return filed under sub-rule (1).

GST Return Draft

8. Form and manner of submission of statement of supplies effected through e-Commerce

(1) Every e-Commerce operator required to collect tax at source under section 43C shall furnish a statement in FORM GSTR-8 electronically through the Common Portal, either directly or from a Facilitation Centre, notified by the Board or Commissioner, containing details of supplies effected through such operator and the amount of tax collected as required under sub-section (1) of section 43C.

(2) The details furnished by the operator under sub-rule (1) shall be made available electronically to each of the suppliers in Part D of FORM GSTR-2A on the Common Portal after the due date of filing of FORM GSTR-8.

GST Return Draft

Sl No.TopicDOWNLOAD LINK
1.GST Return Draft FORMAT CHECK HERE
2.GST Return Draft FORMAT and Rules CHECK HERE
3.GST Return Draft FORMAT CHECK HERE

GST Return Draft

Sl No.TopicDOWNLOAD LINK
1.Schedule of GST rates for services CHECK HERE
2.GST Tariff Code in Uttar Pradesh CHECK HERE
3.Complete Details on GST CHECK HERE

Check here for more GST Offline Utilities – Click

GST Return Draft

Check here to know more on GST Delivery Challan :

SL NO. TOPICSLINK
1.GST Delivery Challan Excel format 1CHECK HERE
2.GST Delivery Challan Excel format 2CHECK HERE
3.GST Delivery Challan PDF formatCHECK HERE

For more on GST and GST Return Draft log onto www.cakart.in

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