a) Mode for transfer of information to tax administration;
b) Compliance verification program of tax administration;
c) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period;
d) Providing necessary inputs for taking policy decision;
e) Management of audit and anti-evasion programs of tax administration.
Ans. Every registered taxable person - who crosses the
threshold limit for payment of taxes. A supplier needs to be
registered when the aggregate turnover crosses Rs. nine
lacs but he become taxable person ONLY when he crosses
Rs. ten lacs. So he will be required to file returns when he
crosses the threshold limit of Rs. ten lacs. There are some
other class of persons who need to be registered and
therefore will have to file returns like interstate suppliers,
TDS deductors, e-commerce operators, suppliers supplying
goods through e-commerce operators etc (reference
Schedule-III and Question 6 of the Registration Chapter).
Ans. A normal registered taxpayer has to file the outward
supply details in GSTR-1 in relation to various types of
supplies made in a month, namely outward supplies to
registered persons, outward supplies to unregistered
persons (consumers), details of Credit/Debit Notes, zero
rated, exempted and non-GST supplies, exports, and
advances received in relation to future supply.
Ans. No, scanned copy of invoices is to be uploaded. Only
certain prescribed fields of information from invoices need
to be uploaded.
Ans. No. It depends on whether B2B or B2C plus whether Intra-state or Inter-state supplies.
For B2B supplies, all invoices, whether Intra-state or Interstate supplies, will have to be uploaded. Why So? Because ITC will be taken by the recipients, invoice matching is required to be done.
In B2C supplies, uploading in general may not be required as the buyer will not be taking ITC. However still in order to implement the destination based principle, invoices of value more than Rs.2.5 lacs in inter-state B2B supplies will have to be uploaded. For intra-state invoices below Rs. 2.5lacs and all intra-state invoices, state wise summary will be sufficient.
Ans. No. In fact description will not have to be uploaded.
Only HSN code in respect of supply of goods and Accounting
code in respect of supply of services will have to be fed. The
minimum number of digits that the filer will have to upload
would depend on his turnover in the last year.
Ans. Yes. Not only value but taxable value will also have to
be fed. In some cases both may be different.
In case there is no consideration, but it is supply by
virtue of schedule 1, the taxable value will have to be
Ans Yes, the recipient can himself feed the invoices not
uploaded by his supplier. The credit on such invoices will
also be given provisionally but will be subject to matching.
On matching, if the invoice is not uploaded by the supplier,
both of them will be intimated. If the mismatch is rectified,
provisional credit will be confirmed. But if mismatch
continues even after intimation, the credit provisionally
allowed will be reversed.
Ans. While a large part of GSTR-2 will be auto-populated,
there are some details that only recipient can fill like
details of imports, details of purchases from non-registered
or composition suppliers and exempt/non-GST/nil GST
Ans. If invoices in GSTR-2 do not match with invoices
in counter-party GSTR-1, the ITC will be reversed if the
mismatch continues even after it is made known to both
and still it is not rectified. Mismatch can be because of two
reasons. First, it could be due to mistake at the side of the
recipient, and in such a case, no further action is required.
Secondly, it could be possible that the said invoice was
issued by supplier but he did not upload it and pay tax on
it. In such a case, recovery action shall be taken against the
supplier. In short, all mismatches will lead to proceedings
if the supplier has made a supply but not paid tax on it.
Ans. At any stage, but before September of the next
financial year, supplier can upload the invoice and pay
duty and interest on such missing invoices in his GSTR-3 of
the month in which he uploaded the invoice. The recipient
will then automatically get ITC on that invoice. The interest
paid by the recipient at the time of reversal will also be
returned to the recipient through an automated system on
Ans. The special feature of GSTR-2 is that the details of
supplies received by a recipient can be auto populated
on the basis of the details furnished by the counterparty
supplier in his GSTR-1.
Ans. If the supplier uploads the invoice at any time after
the reversal but by September of the next financial year,
the credit reversed earlier gets restored along with refund
of the interest paid during reversal.
Ans. No. Composition tax payers do not need to file any
statement of outward or inward supplies. They have to
file a quarterly return in Form GSTR-4 by the 1st of the
month after the end of the quarter. Since they are not
eligible for any input tax credit, there is no relevance
of GSTR-2 for them and since they do not pass on any
credit to their recipients, there is no relevance of GSTR-1
for them. In their return, they have to declare summary
details of their outward supplies along with the details
of tax payment. They also have to give details of their
purchases in their quarterly return itself, most of which
will be auto populated.
Ans. No, the ISDs need to file only a return in GSTR-6 and
the return has the details of credit received by them from
the service provider and the credit distributed by them
to the subsidiaries. Since their return itself covers these
aspects, there is no requirement to file separate statement
of inward and outward supplies.
Ans. Under GST, the deductor will be submitting the
deductee wise details of all the deductions made by him
in his return in Form GSTR-7 to be filed by 10th of the
month next to the month in which deductions were made.
The details of the deductions as uploaded by the deductor
shall be auto populated in the GSTR-2 of the deductee.
The taxpayer shall be required to confirm these details
in his GSTR-2 to avail the credit for deductions made
on his behalf. To avail this credit he does not require to
produce any certificate in physical or electronic form.
The certificate will only be for record keeping of the
tax payer and can be downloaded from the Common Portal.
Ans. All taxpayers filing return in GSTR-1 to 3 other than
casual taxpayers and taxpayers under composition scheme
are required to file an annual return. Casual taxpayers, nonresident
taxpayers, ISDs and persons authorized to deduct
tax at source are not required to file annual return.
Ans. No. Annual Return has to be filed by every
registered taxable person paying tax as a normal or a
compounding taxpayer. Final Return has to be filed only
by those registered taxable persons who have applied for
cancellation of registration. This has to be filed within
three months of the date of cancellation or the date of
Ans. In GST since the returns are built from details of
individual transactions, there is no requirement for having
a revised return. Any need to revise a return may arise
due to the need to change a set of invoices or debit/ credit
notes. Instead of revising the return already submitted, the
system will allow changing the details of those transactions
(invoices or debit/credit notes) that are required to be
amended. They can be amended in any of the future GSTR-
1/2 in the tables specifically provided for the purposes of
amending previously declared details.
Ans. Taxpayers will have various modes to file the
statements and returns. Firstly, they can file their statement
and returns directly on the Common Portal online. However,
this may be tedious and time taking for taxpayers with
large number of invoices. For such taxpayers, an offline
utility will be provided that can be used for preparing the
statements offline after downloading the auto populated
details and uploading them on the Common Portal. GSTN
has also developed an ecosystem of GST Suvidha Providers
(GSP) that will integrate with the Common Portal.
Ans. One of the most important things under GST will be
timely uploading of the details of outward supplies in Form
GSTR-1 by 10th of next month. How best this can be ensured
will depend on the number of B2B invoices that the taxpayer
issues. If the number is small, the taxpayer can upload all the
information in one go. However, if the number of invoices is
large, the invoices (or debit/ credit notes) should be uploaded
on a regular basis. GSTN will allow regular uploading of
invoices even on a real time basis. Till the statement is
actually submitted, the system will also allow the taxpayer to
modify the uploaded invoices. Therefore, it would always be
beneficial for the taxpayers to regularly upload the invoices.
Last minute rush will make uploading difficult and will
come with higher risk of possible failure and default. The
second thing would be to ensure that taxpayers follow up
on uploading the invoices of their inward supplies by their
suppliers. This would be helpful in ensuring that the input tax
credit is available without any hassle and delay. Recipients
can also encourage their suppliers to upload their invoices on
a regular basis instead of doing it on or close to the due date.
The system would allow recipients to see if their suppliers have
uploaded invoices pertaining to them. The GSTN system will
also provide the track record about the compliance level of a
tax payer, especially about his track record in respect of timely
uploading of his supply invoices giving details about the auto
reversals that have happened for invoices issued by a supplier.
The Common Portal of GST would have pan India data at one
place which will enable valuable services to the taxpayers.
Efforts are being made to make regular uploading of invoices
as easy as possible and it is expected that an enabling ecosystem
will develop towards this objective. Taxpayers should
make efficient use of this ecosystem for easy and hassle free
compliance under GST.
Ans. No. A registered taxpayer person can also get his
return filed through a Tax Return Preparer, duly approved
by the Central or the State tax administration.
A registered taxable person who files return beyond
the prescribed date will have to pay late fees of rupees one
hundred for every day of delay subject to a maximum of
rupees five thousand.