GST Returns Queries Asked by Clients to Chartered Accountant

Mr. A: Good Day Mr B, how are you? CA : Hi Mr. A, I am doing fine, how about you? Mr. A: Doing Good, So today can you tell me about what are returns requirement under GST? CA : Sure Mr. B, following are returns needs to be furnished under GST law by respective person: IMPORTANT POINTS: Further, details of any debit/credit notes issued for the sales made previously.

  1. Invoice wise details of all Inter-State & Intra-Sate supplies received from registered persons or unregistered persons 2. Import of Goods/Services during the period 3. Details of any debit/credit notes if any received from the supplier.

PART-A PART-B Based on this information TDS on IGST, CGST and SGST will get calculated. This needs to be filled by 10 of next month. This return should be filed by E-commerce Operators/Tax collectors by 10th of next month. Every registered taxable person is required to furnish an annual return under GST law, electronically in FORM GSTR-9. Likewise, a taxable person registered as a composition dealer shall furnish the annual return in FORM GSTR-9A. GST law also states that every registered taxable person whose aggregate turnover during a financial year exceeds TWO Crore rupees shall get his accounts audited and furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C. This Return shall contain Details such as: This Return shall contain Details such as: Unique Identity Number is a special classification made for foreign diplomatic missions and embassies which are not liable to taxes in Indian territory. Any amount of tax direct or indirect collected from such bodies is refunded back to them. This needs to be filed by 28 of the next month For annual return, late filing fees shall be Rs. 100 per day of delay (maximum 0.25% of aggregate turnover). *These penalty rates are only for CGST, similarly the penalty mentioned in specific SGST act will be added to it Author Details MJL & Co, Jaipur (Chartered Accountants)Email – MJLco.jaipur@gmail.com (ph – 0141-4915113) Recommended Articles

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