Table 14(a) —->> Details of the supplies made through e-commerce operators on which ecommerce operators are liable to collect tax under section 52 of the Act [Supplier to report]

The GSTIN wise summary of the supplies made through ECO on which ECO is liable to collect tax at sources (TCS) and liability on which has already been reported in any table 4 to 10 of GSTR-1, shall be reported by the supplier in this section. No taxable value or tax liabilities will be auto-populated from this table to GSTR-3B. Amendments to this section shall be reported in Table 14A(a).

Table 14(b) —->> Details of the supplies made through e-commerce operators on which ecommerce operators are liable to pay tax u/s 9(5) [Supplier to report]

The summary details of the supplies made through ECO on which ECO is liable to pay tax u/s 9(5) is to be reported by the supplier. Tax on such supplies shall be paid by the ECO and not by the supplier. This is to be reported net of credit / debit note (if any). Such values will be auto-populated to Table 3.1.1(ii) of GSTR-3B. Amendments to this section shall be reported in Table 14A(b).

Table 15 —->> Details of the supplies made through e-commerce operators on which e-commerce operator is liable to pay tax u/s 9(5) [E-Commerce operator to report]

Eco shall report the supplies on which they are liable to pay tax u/s 9(5) in Table 15. Such supplies shall not be reported anywhere else in GSTR-1/IFF. There are four categories in which supplies will be reported.

> Registered Supplier and Registered Recipient (B2B) – In this section the details of such supplies where both the supplier and receiver of supplies are registered person, is to be reported by ECOs at invoice level. This will be available in IFF also. Debit Note / credit note (if any) is to be reported in Table 9B.

> Registered Supplier and Unregistered Recipient (B2C) – In this section the supplier level details along with POS and rate wise detail of the supplies related to the transaction where the supply is being made from a registered supplier to unregistered recipient need to be reported by e-commerce operator. This will not be available in IFF. This is to be reported net of credit / debit note (if any).

> Unregistered Supplier and Registered Recipient (URP2B) – In this section the document level details of the supplies made from unregistered supplier to registered recipient through ECO needs to be reported by the e-commerce operator. The detail to furnish will include the document detail and GSTIN of recipient. This will be available in IFF also. Debit Note / credit note (if any) is to be reported in Table 9B.

> Unregistered Supplier and Unregistered Recipient (URP2C) – In this section the POS and rate wise detail of the supplies from an unregistered supplier to unregistered recipient through ECO is to be reported by the e-commerce operator. This will be not be available in IFF. This is to be reported net of credit / debit note (if any).

The values reported under table 15 shall be auto-populated in Table 3.1.1(i) of corresponding GSTR-3B and such liabilities is to be paid by the ECOs in GSTR-3B in cash. Amendments are to be reported in Table 15A(I) (for registered recipient) & 15A(II) (for unregistered recipient) respectively.

These tables have now been made live on the GST common portal and will be available in GSTR-1/IFF from the tax period January’24 onwards.

Also read our other related articles:

https://gstplatform.com/new-feature-on-gst-portal-form-gst-drc-01c/

https://gstplatform.com/e-invoice-applicability-whether-penalty-is-rightfully-levied/

The post Introduction of Table 14 & Table 15 in GSTR-1 appeared first on GST Platform.

1. What is Form GSTR-4 Annual Return: – With effect from 1^st April, 2019, all Composition Taxpayers are required to file Form GSTR-4 Annual Return, on annual basis, for each financial year. 

2. Who are required to file Form GSTR-4 Annual Return: All registered taxpayers who have opted for composition scheme or were under composition scheme under GST, for any period during a financial year, starting from 01.04.2019, need to file Form GSTR-4 Annual Return, annually.  

3. Who can file NIL Form GSTR-4 Annual Return: Nil Form GSTR-4 Annual Return can be filed for the financial year, if you have, for all applicable quarters of the year,: 

   • NOT made any outward supply 

   • NOT received any goods/services

   • Have NO other liability to report

   • Have filed all Form CMP-08 as Nil

4. Due date of Filing: The due date for filing Form GSTR-4 Annual Return is 30^th of the month succeeding the financial year or as extended by Government, from time to time. For FY 2019-20, it has to be filed by 31/08/2020.

5. Filing Form GSTR-4 Annual return: Logon to your dashboard, click on Services > Returns > Annual Return >Select FY>Search>GSTR 4> FILE THE RETURN.

6. Some important Points:

   • Form GSTR 4 can be filed only if, all applicable quarterly statements in Form CMP 08 of that financial year, have been filed.

   • Form GSTR-4 Annual Return, once filed, can’t be revised

   • After successfully filing, ARN will be generated and intimated through email and SMS

   • Currently only the online filing has been enabled on the portal. Shortly, offline tool to file Form GSTR-4 Annual Return will also be made available.

7. How it is different from Form GSTR-4 Quarterly Return: Please note that this Form GSTR-4 Annual Return is different from the Form GSTR-4 Quarterly Return, which was required to be filed on a quarterly basis. 

   1. Form GSTR-4 Quarterly Return is applicable up to tax period ending on 31^st March, 2019, for composition taxpayers. 

   2. For tax periods till the quarter ending March, 2019, Composition Taxpayers are required to file Form GSTR-4 Quarterly Return (which is also available on the GST portal), on quarterly basis. Whereas from 01.04.2019, composition taxpayers are required to file Form GST CMP 08, on quarterly basis.

Read Also : E-CAMPAIGN BY CBDT TILL 31.07.2020

Read Also : GST pending registration approval.

The post GSTR-4 Filing for Composite Dealer appeared first on GST Platform.

CBIC in a recent circular has laid down the special procedure to be followed against the non filers of GST returns.This also includes Recovery in GST if GSTR3B has not bee filed by you as per the provisions of the CGST Act.

To improve the compliance and increase revenue collection , dealers will be compelled to file Gstr3b by following the procedure.

If your return in Form Gstr3B is not filed even after the issue of order in GST ASMT 13 , recovery proceedings against you will be initiated.

Standard Operating Procedure detailed the steps to be taken for filing of GSTR3B.

Read Here : SOP for Non filers of GSTR3B

RECOVERY IN GST

As per the provisions of Gst Act , recovery proceeding will be initiated u/s 78 of CGST Act.

If amount mentioned in order passed under this act is not paid within 3 months section 78 will be levied.

To protect the revenue recovery can be done in the following ways as per section 79.

• Amount payable to you by officer can be deducted for the recovery.

• Recovery can be made by selling your goods which are under control of officer.

• If you have receivables , recovery can be made by that person from your dues for the defaulted amount.

• Recovery can also be made through selling pf movable or immovable property of such person who has defaulted.

• Recovery through collector of the address of the residence or business place of defaulted can also be made. For this certificate will be issued by the officer to the concerned collector of the area.

• Magisterial recovery can also be initiated against the person who is in default.

PROVISIONAL ATTACHMENT OF PROPERTY

Section 83 says that in order to protect the interest of revenue if it is necessary to do so, your assets of business, bank accounts may be attached in pursuance of writing order.

Any such attachment of any property or assets shall cease after the expiry of one year from date of attachment.

Read Also : GST REGISTRATION LIMIT

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The Central Board of Indirect Taxes and Customes has issued five notifications for due date extension in the State of Jammu and Kashmir . To download the notification Click Here

Notification for Date Extension

Watch the Full Video Click Here

The post CBIC issued 5 notifications for Date Extension appeared first on GST Platform.

GSTR3B Filing due date, Summary return for declaring the output tax liability on  outward supplies made and input tax credit claimed on inward supplies during the month of November 2019 is 20.12.2019.

GSTN has started sending Sms to all the registered taxpayers who have not yet filed their gstr3b returns for the month of November 2019 , with the information that “Taxpayers who have not filed the gst returns shall file it as soon as possible and shall not wait for last two days .

This message is being sent in the pretext of the problems being faced by many taxpayers last month during filing of returns for the Month of October 19. During the filing for the month , many taxpayers were not able to file their returns in the last days due to heavy traffic on the GST Portal managed by GSTN which can take load of upto 1.5 Lac registered taxpayer at any point of time.

GSTN has officially issued a statement after many complaints were being made on social media regarding non functioning of gst portal during peak hours.

It has been told in the statement that around 56 Lacs returns in Form GSTR3B were filed on the last day till afternoon and there was no such problem in the portal.

IS IT POSSIBLE TO FILE BEFORE THE SAID THAT?

Now , being said that Portal will not be able to handle load beyond maximum capacity, It is also important to understand that whether it is possible for taxpayers or professionals to file the return in the said time period.

After implementation of  new provision in CGST Rules 36(4) , which says “ Every registered person can claim input tax credit in respect of eligible invoices only if the invoice has been uploaded in Suppliers GSTR1 and reflected in GTR2A of recipient . For the invoices that are not uploaded maximum Input Tax Credit that will be allowed shall be capped at 20% of uploaded eligible invoices.”

For the above reason , it is now required to reconcile the purchase register and GSTR2A for the tax period for which return has to be filed .

The due date to file GSR1 for supplier , if he is monthly filer, for a month is 11^th of the next month. Then for the month of November 2019 recipient will have to wait till 11^th   December 2019 for uploading of invoices by the supplier so that  he can reconcile his purchase to claim itc , because for the purpose of reconciliation the GSR2A has to be checked upto due date of filing GSTR1 , says the clarification issued by the Central Board Of Indirect Taxes and Customes.

Keeping all the things together, it can be summarized that actually a taxpayer or professional is getting only 6 days for filing GSTR3B , in which every action has to be taken.

HOW TO OVERCOME THIS?

In order to expedite the filing and reconciliation process , taxpayers can use some automation tools and techniques so that manual intervention is reduced and accuracy is increased . For that one can use Clear Tax for GST , which provides various features from invoicing to filing of returns and also reconciliation to calculation of itc as per new rules.

CLICK HERE TO DOWNLOAD THE GST STATEMENT

Also Read : GSTR1 Filing 

The post GSTN sending SMS to file GSTR3B appeared first on GST Platform.

GSTR1 filing Process has been defined in section 37(1) of GST Act. Every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of Section 10 or section 51 or section 52, shall furnish, electronically, the details of outward supplies of goods or services or both effected during a tax period in Form GSTR1. GSTR1 filing process is discussed in details below 

GSTR1 is required to file by every person as per section 37(1) even if there is no transaction or outward supply for a particular tax period or quarter.

In order to file NIL GSTR1 , a dummy entry in any column of online Form GSTR1 in GST Portal is required to be entered and the summary is required to be generated before filing the form. This process takes 20 to 30 minutes for filing a single GSTR1 even if it is NIL.

To solve this issue and save time in filing GSTR1 , Clear Tax has introduced  GST Companion Tool , by which a user can upload and file the GSTR1 for any given tax period either monthly or quarterly directly on a single click without any hustle . To understand the steps on how to file GSTR1 with Clear Tax refer video given below.

GSTR1 is required to be filed by a regular registered person quarterly if the aggregate turnover during the last financial year does not exceed Rs Two Crore and monthly filing is required if aggregate turnover is more than Rs two Crores or if turnover is less than two crores but opted for monthly filing.

Steps to file GSTR1 with Clear Tax :

Step 1 Signup with the tool using the details as required at the time of signing up.

Step 2 – Login with the credentials used for registration .

Step 3 – Add Client to the tool for filing gst returns.

Step 4 – Choose a client from the drop down and Select File NIL return   option.

Step 5 – Now click GSTR1 Nil Return TAB

Step 6 – Choose File with EVC or DSC to directly upload the GSTR1 data to GST portal by giving you user name and password for gst portal.

Step 7 – Once you click to file with Evc or DSC Clear Tax will automatically direct you to the portal for filing and will ask to generate GSTR1 summary after which filing can be done through EVC received on Email or Mobile.

Cross check the data before filing as this process cannot be reversed and once filed It will be final.

https://youtu.be/rAQdp24WOcA

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