Scribd Logo
Upload

Welcome to Scribd!

  • 16 views

    Record Notebook Faculty of Arts & Commerce Department of Cost & Management Accounting (Cma)

    Uploaded by

    Sha dow
    1. The document is a record notebook belonging to a student named V. Naveen studying B.Com (CMA) at a faculty of arts and commerce. 2. It contains certificates signed by the head of the department and lab in-charge certifying that the record contains the bonafide work done by the student. 3. The notebook contains notes on various GST returns that registered persons need to file along with their due dates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Record Notebook Faculty of Arts & Commerce Department of Cost & Management Accounting (Cma)

    Uploaded by

    Sha dow
    16 views16 pages
    1. The document is a record notebook belonging to a student named V. Naveen studying B.Com (CMA) at a faculty of arts and commerce. 2. It contains certificates signed by the head of the department and lab in-charge certifying that the record contains the bonafide work done by the student. 3. The notebook contains notes on various GST returns that registered persons need to file along with their due dates.

    Original Title

    Untitled

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1. The document is a record notebook belonging to a student named V. Naveen studying B.Com (CMA) at a faculty of arts and commerce. 2. It contains certificates signed by the head of the department and lab in-charge certifying that the record contains the bonafide work done by the student. 3. The notebook contains notes on various GST returns that registered persons need to file along with their due dates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views16 pages

    Record Notebook Faculty of Arts & Commerce Department of Cost & Management Accounting (Cma)

    Uploaded by

    Sha dow
    1. The document is a record notebook belonging to a student named V. Naveen studying B.Com (CMA) at a faculty of arts and commerce. 2. It contains certificates signed by the head of the department and lab in-charge certifying that the record contains the bonafide work done by the student. 3. The notebook contains notes on various GST returns that registered persons need to file along with their due dates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 16

    RECORD NOTEBOOK

    FACULTY OF ARTS & COMMERCE


    DEPARTMENT OF COST & MANAGEMENT
    ACCOUNTING (CMA)

    B.COM (CMA) – E – FILING - HBCO18ML4


    2021 –2022 (EVEN SEMESTER)

    NAME : V.NAVEEN
    REGISTER NO. : 203221101013
    COURSE : B.Com (CMA)
    YEAR / SEM : II / IV
    BONAFIDE CERTIFICATE

    Certified that this is a Bonafide Record of work done by V.NAVEEN of (Reg. No.203221101013)

    B.Com (CMA) II year in E – FILING - HBCO18ML4 during the IV semester in the year 2021-2022.

    Submitted for the Practical Examination held on _____________

    Signature of Lab-in charge Signature of HOD

    Internal Examiner External


    Examiner
    Returns under GST 3

    1.Every registered person shall himself assess the tax


    payable and furnish return for each tax period under Self-
    Assessment as per Section 59 of the CGST Act, 2017
    2.A return is statement of specified particulars relating to
    Business Activity by
    3.the taxable person during the period

    Sec 37 & Rule 59 – Form GSTR-1 4

    1. Details of Outward Supplies filed by RP (Other than CLP, NRTP,


    OIDARS, ISD, TDS & TCS)
    2. Due Date - On or Before 10th day of the month succeeding the Tax
    Period – CoGST can extend Time Limit
    3. Any rectification of error or omission in respect of above mentioned
    details, shall be allowed, before due date of September month of
    subsequent FY or filing of AR, whichever is earlier.
    4. Details of OS – Details of Tax Invoice, DN or CN
    Components of Form GSTR-1 5
    1. Outward Supplies details of G or S or Both
    1. Invoice wise details of all –
    1. Inter-State and Intra-State supplies – RP (B2B)
    2. Inter-State supplies [ Invoice Value > Rs.2,50,000/- –
    URP](B2C Large)
    2. Consolidates details of all –
    1. Intra-State Supplies – URP (each tax rate) (B2C Others)
    2. State wise Inter-State supplies [ Invoice Value < Rs.2,50,000/- –
    URP(each tax rate)] (B2C Others)
    3. Debit / Credit Notes details (B2B & B2C Others)

    6
    Important Note:- The compliance requirement for small
    tax payer, Form GSTR-1 has been allowed to be filed
    quarterly by small tax payers with aggregate annual
    turnover upto Rs.5 Crore in the preceding financial year or
    the current financial year. Tax payers with annual
    aggregate turnover above Rs.5 Crore will however
    continue to file Form GSTR-1 on a monthly basis
    Upon Form GSTR 1 filed by Supplier 10

    Form GSTR 2B???


    Aug 2020
    Form GSTR 4A
    of Recipient

    Form GSTR 2A Form GSTR 6A


    of Recipient of Recipient

    Form
    GSTR 1 of
    Supplier
    Form GSTR-2 – Inward Supply Return 11

    Form GSTR 2 is a return for reporting the inward supplies of goods


    and services i.e. the purchases made during a tax period. The details
    in the Form GSTR-2 return are auto-populated from the Form GSTR-
    2A, unlike Form GSTR-2A, the Form GSTR-2 return can be edited.
    Form GSTR 2 to be filed by all normal taxpayers registered under
    GST.
    Note:- The filing of the same has been suspended ever since the
    inception of GST by GST Council.

    Form GSTR-3 – Monthly Summary Return 12

    Form 3 is a monthly summary return for furnishing summarized


    details of all outward supplies made, inward supplies received and
    input tax credit claimed, along with details of the tax liability and
    taxes paid. This return is auto-generated on the basis of the GSTR-1
    and GSTR-2 returns filed.
    Note:- Form GSTR-3 is to be filed by all normal taxpayers
    registered under GST, the filing of the same has been suspended ever
    since the inception of GST by GST Council.
    Sec 39(1) & Rule 61(5) Form GSTR-3B 13

    1. Monthly Return (Other than CTP, NRTP, OIDAR, ISD,


    TDS & TCS)
    2. Due Date - On or Before 20th day of the month succeeding the
    TaxPeriod
    3. Note:- Retrospective effect of amendment from 09.10.2019
    providesthat when a person has filed Form GSTR 3B shall
    not be required

    Components of Form GSTR-3B 14

    1. Basic Information
    2. Summary details of Outward Supply & Inward Supply liable
    forRCM
    3. Summary details of Eligible ITC
    4. Summary details of Purchase of Exempted Goods & Purchase
    ofGoods from Composition Levy
    5. Summary of Inward Exempted Supply
    6. Summary of Payment of Tax, TDS & TCS
    16
    QRMP Scheme & IFF 17

    Monthly
    Monthly Upload by 13th
    Turnover < IFF (Optional to FSM - 35%
    Rs.5 Crs Report B2B) of last Qtr
    Payment
    Quarterly
    (option)
    Self
    Others
    Assessment

    Sec 39(2) & Rule 62 - Form GSTR-4 18

    Composition Levy Taxable Person has to file a Quarterly Return in Form GST
    CMP 08 – Payment of Self Assessed Tax
    Due Date - On or Before 18th day from the end of Quarter
    ➢ Form GSTR 4 – Composition Levy Annual Return
    Due Date - On or Before 30th day from the end of April of subsequent year
    Form GSTR 4A - Auto Drafted Form (Auto-drafted from GSTR-1, GSTR-5 and
    GSTR-7), Inward Supplies made available to the recipient registered under
    Composition Scheme.
    Sec 39(5) & Rule 63 - Form GSTR-5 19

    • Details of Outward Supply & Inward Supply return to be filed by

    Non – Resident Foreign Taxable Person

    • Due Date for filing return –

    • a) On or Before 20th day of the month succeeding or

    • b) Within 7 Days after expiry of Registration, whichever is earlier

    Rule 64 - Form GSTR-5A 20

    Details of Supplies of Online Information and Database Access or

    Retrieval Services

    Service Provider Outside India Service Receiver in India other than RP

    Due Date for filing return - On or Before 20th day of the month

    succeeding
    Sec 39(4) & Rule 65 Form GSTR-6 21

    7.Return for Input Service Distributor (ISD)


    8. This Return can only be filed only after 10th of the month and
    before 13th of the month succeeding the tax period

    Form GSTR-6A
    Details of Inward Supplies made available to the ISD recipient on
    the basis of FORM GSTR-1
    Auto Drafted Form

    Sec 39(3) & Rule 66 Form GSTR-7 22

    4. Return for Tax Deducted at Source


    5. Due Date - On or Before 10th day of the month succeeding the Tax
    Period

    Form GSTR-7A

    TDS Certificate
    Issued on or before 15th day of the month succeeding the Tax Period
    Sec 52 & Rule 67 Form GSTR – 8 23

    4. E-Commerce Operator (Statement for tax collection at source)


    5. Due Date - On or Before 10th day of the month succeeding the Tax
    Period

    Sec 44 & Rule 80 Form GSTR – 9, 9A & 9B 24

    ➢ Annual Return – GSTR – 9


    ➢ Annual Return by CD – GSTR – 9A
    ➢ Annual Return by E-Commerce –
    GSTR 9B
    Due Date - 31st Dec of next F.Y
    Form GSTR – 9C
    5.Audit Report & Reconciliation Statement
    6.Aggregate Turnover exceeds Rs.2 Crores
    7.Due Date - 31st Dec of next F.Y
    Applicability of Form GSTR 9 & 9C 25
    4. Form GSTR 9 - Filed by the Regular Taxpayers filing Form GSTR 3B & Form GSTR 1 during the

    FY 2018-19.

    1. Filing of Form GSTR 9 for FY 2017-18 & 2018-19 was made Optional if Aggregate Turnover is less

    than Rs.2 Crores. However, it is highly recommended to file Annual Return!!! [N No. 47/2019-

    CT dt. 09-10-2019]

    2. Form GSTR 9C - Filed by RP - Aggregate Turnover exceeds Rs. 5 Crores during the FY, in case

    of FY 2018-19. [Proviso to Rule 80(3) of CGSTR, 2017 vide N No. 16/2020-CT dt. 23-03-2020]

    3. All such TP are required to get their Accounts Audited and file a Copy of Audited Annual

    Accounts and Reconciliation Statement of tax already paid and tax payable as per audited

    accounts along with Form GSTR 9C.

    Sec 45 & Rule 81 Form GSTR-10 26

    ➢ Final Return
    ➢ Due Date – Within 3 Month from Date of Cancellation of
    Registration
    or
    Date of Order of CoR, whichever is later
    Form GSTR – 11
    1.Inward Supplies Statement for UIN
    2.Due Date - On or Before 28th day of the month succeeding the Tax Period
    Sec 47 REVISION OF RETURN & LEVY
    27
    OF LATE FEE
    There would be no revision of return

    Late Fees : Rs.10/- day for every day Nil Return & Rs.25/- for Other

    return.

    Maximum Rs.5,000/- in case of other returns

    In case of Annual Returns an amount calculated at a quarter

    percent of his aggregate turnover in case of annual retur

    You might also like