© 2018 By: Rajkiran TiwariSlide 1 23.Jan. 2018
Welcome to the Learning Journey !!!
GST:: One Nation One Tax
Prepared By: Rajkiran Tiwari
© 2018 By: Rajkiran TiwariSlide 2 23.Jan. 2018
Training Highlights
Important Dates for Return
Registration (Overview)
Accounts & Record Keeping
Invoice Format & Parameters
Payment of Tax (With ITC)
Advance Ruling
Refund
Offences & Penalties
Options Available on GST/System
Queries Resolution
© 2018 By: Rajkiran TiwariSlide 3 23.Jan. 2018
Important Dates
© 2018 By: Rajkiran TiwariSlide 4 23.Jan. 2018
Tax Payer’s Interface
Important Dates for ReturnType of Return/Form Period Filling Date Refer Notification No.
GSTR-3B December, 2017 22nd January, 2018 02/2018 – CGST Dt. 20/01/2018
35/2017 – CGST Dt. 15/09/2017
GSTR-1
July-November, 2017
(Monthly)
10th January, 2018
72/2017 – CGST Dt. 29/12/2017
58/2017 – CGST Dt. 15/11/2017
July-September, 2017 (Quarterly - Taxpayers having
less than 1.5Cr. Turnover) 71/2017 – CGST Dt. 29/12/2017
57/2017 – CGST Dt. 15/11/2017October-December, 2017 15th February, 2018
January-March, 2018 30th April, 2018
December, 2017 10th February, 2018
72/2017 – CGST Dt. 29/12/2017
58/2017 – CGST Dt. 15/11/2017
January, 2018 10th March, 2018
February, 2018 10th April, 2018
March, 2018 10th May, 2018
CMP-03(Intimation of Details of
Stock for Composition Opt
Taxpayers)
July to September, 2017 31st January, 2018 Order No. 11/2017
Dt. 22/12/2017
© 2018 By: Rajkiran TiwariSlide 5 23.Jan. 2018
Tax Payer’s Interface
Important Dates for ReturnType of Return/Form Period Filling Date Refer Notification No.
GSTR-3B
(Sec. 39 CGST)
January, 2018 20th February, 201856/2017 - CGST
Dt. 15/11/2017February, 2018 20th March, 2018
March, 2018 20th April, 2018
GSTR-4 (Composition levy– Sec. 10 CGST)
July-September,
2017 24th December, 2017
59/2017 – CGST Dt. 15/11/2017
41/2017 – CGST Dt. 13/10/2017
GSTR-5
(NRI – Sec. 39 (5) CGST)
July-December,
201731st January, 2018
68/2017 – CGST Dt. 21/12/2017
60/2017 – CGST Dt. 15/11/2017
GSTR-5A(NRI- OIDAR Sec. 14 (IGST))
Online Information & Database
Access or Retrieval Services
July-December,
201731st January, 2018
69/2017 – CGST Dt. 21/12/2017
61/2017 – CGST Dt. 15/11/2017
GSTR-6
(ISD – Sec. 39 (4))July, 2017 31st December, 2017
62/2017 – CGST Dt. 15/11/2017
43/2017 – CGST Dt. 13/10/2017
ITC-01
(ISD – Sec. 39 (4))
Credit in Special Circumstances
July-September,
201730th November, 2017
52/2017 – CGST Dt. 28/10/2017
44/2017 – CGST Dt. 13/10/2017
© 2018 By: Rajkiran TiwariSlide 6 23.Jan. 2018
Tax Payer’s Interface
Late Fees ApplicableType of
Return/FormPeriod Late Fees
Refer
Notification No.
GSTR-3B
(Sec. 39 CGST)
July, 2017
Waived
28/2017 – CGST
Dt. 01/09/2017
August-
September, 2017
50/2017 – CGST
Dt. 24/10/2017
October, 2017
onwards
Rs. 50/- per day
(Rs. 25/- per day under CGST & Rs. 25/- per day
under SGST/UTGST) 64/2017 – CGST
Dt. 15/11/2017Rs. 20/- per day – if, NIL Return
(Rs. 10/- per day under CGST & Rs. 10/- per day
under SGST/UTGST)
GSTR-4 (Composition levy–
Sec. 10 CGST)
July, 2017
onwards
Rs. 50/- per day
(Rs. 25/- per day under CGST & Rs. 25/- per day
under SGST/UTGST) 73/2017 – CGST
Dt. 29/12/2017Rs. 20/- per day – if, NIL Return
(Rs. 10/- per day under CGST & Rs. 10/- per day
under SGST/UTGST)
© 2018 By: Rajkiran TiwariSlide 7 23.Jan. 2018
Tax Payer’s Interface
Late Fees Applicable
Type of
Return/FormPeriod Late Fees Remark
GSTR-1 &
GSTR 6 (ISD)
July, 2017
onwards
Rs. 200/- per day
(Rs. 100/- per day under CGST &
Rs.100/- per day under SGST/UTGST)
As per Act
(Currently Applicable)
Rs. 50/- per day
(Rs. 25/- per day under CGST & Rs. 25/- per day
under SGST/UTGST)
As per
Recommendation of
25th GST Council
Meeting Dt.
18.Jan.2018
(Proposed)
Rs. 20/- per day – if, NIL Return
(Rs. 10/- per day under CGST & Rs. 10/- per day
under SGST/UTGST)
© 2018 By: Rajkiran TiwariSlide 8 23.Jan. 2018
Registration
© 2018 By: Rajkiran TiwariSlide 9 23.Jan. 2018
Registration
GSTIN stands for Goods & Services Tax Identification Number
GSTIN Based on –
State/ Union Territory specific
Permanent Account Number (PAN) except NON-RESIDENT taxable person
For TDS deductors not having PAN, TAN-based registration is possible
Casual Taxable Person:
Casual Taxable Person has been defined in Section 2 (20) of CGST. It means a person who
occasionally undertakes transactions involving the supply of goods and/or services in the course or
furtherance of business in a State or UT where he has no fixed place of business.
Same application form for registration as for normal taxpayer i.e. GST REG-01
PAN Number Mandatory.
Has to file normal GSTR-1, GSTR-2 and GSTR-3 returns
Can claim ITC of all inward supplies.
Non-Resident Taxable Person:
Non-resident Taxable Person has been defined in Section 2 (77) of CGST. It means a person who
occasionally undertakes transactions involving the supply of goods and/or services in the country but
has no fixed place of business or residence in India.
Separate application form for registration i.e. GST REG-10
Not have PAN Number but Valid Passport is mandatory
Has to file separate return i.e. GSTR-5
Can get ITC only in respect of import of goods and/or services.
Overview:
© 2018 By: Rajkiran TiwariSlide 10 23.Jan. 2018
Registration
Input Service Distributor:
Input Service Distributor has been defined in Section 2 (61) of CGST. It is basically an office
meant to receive tax invoices towards receipt of input services and further distribute the credit
to supplier units proportionately.
Same application form for registration as for normal taxpayer i.e. GST REG-01
PAN Number Mandatory.
Has to file separate return i.e. GSTR-6
A legal person without GST registration can neither collect GST from his customers nor claim any input
tax credit of GST paid by him. Registration is above threshold.
If Voluntary Registration have been taken by taxpayer then he will not be able to apply for cancellation
before 1 year from the effective date of Registration. (Recommended to omit this condition in 25th
GST Council Meeting).
For each State the taxable person will have to take a separate registration, even though the taxable
person may be supplying goods or services or both from more than one State as a single legal entity.
Multiple registrations within one State to different business verticals
Overview:
© 2018 By: Rajkiran TiwariSlide 11 23.Jan. 2018
Registration
Any/all types of entities carrying out supply ofGoodsServicesBoth Goods & Services
Tax Deductors / Tax Collectors under GST, Tax Return Preparers (TRPs)
Suppliers making Inter-state supply
Casual taxable persons
UN Bodies, Embassies & Non-resident Taxable Persons
Other Notified Persons (e.g. Government Departments)
Input Service Distributors (ISD)
E-Commerce Operators and/or Agents for registered principal
Anyone liable for reverse charge
Aggregate Turnover: (i) all taxable and non-taxable supplies, (ii) exempt supplies, and (iii) exports of goods and/or
service of a person having the same PAN. --- Across ALL-INDIA
Overview: Who need to Take
Region Aggregate Turnover > INR
Special Category States
(Arunachal Pradesh, Assam, Himachal Pradesh, Manipur, Meghalaya,
Mizoram, Nagaland, Sikkim & Tripura)
Rs 10 Lakhs
Rest of India Rs 20 Lakhs
© 2018 By: Rajkiran TiwariSlide 12 23.Jan. 2018
Registration
Persons making any inter-State taxable supply (Except Handicraft Goods & Taxable Services as per
threshold limit)
Exempt Persons making Inter-State supplies of taxable services from Registration (As per
Notification No. 10/2017 – IGST)
Exempt Persons making Inter-State supplies of Handicraft Goods from Registration (As per
Notification No. 32/2017 – CGST & 8/2017 - IGST)
Persons who are required to pay tax under reverse charge (Exempted till the 31st March, 2018 by
Notification No. 38/2017 – CGST from 13th October, 2017)
Non-resident taxable persons
Persons who are required to deduct tax under section 51 (TDS) (Still Not Notified to deduct TDS –
Notification No. 33/2017- CGST)
Persons who supply goods and/or services on behalf of other registered taxable persons whether as an
agent or otherwise
Input Service Distributor
Persons who supply goods and/or services other than branded services, through electronic commerce
operator
Every electronic commerce operator (As per threshold limit, Notification No. 65/2017 - CGST)
Such other person or class of persons as may be notified by the Central Government or a State/UT
Government on the recommendations of the GST council.
Overview: Compulsory Cases
© 2018 By: Rajkiran TiwariSlide 13 23.Jan. 2018
Registration
Preconditions: To Opt
Active GSTIN
All India Gross Annual Turnover not exceeding INR 1 Cr. & 75 Lakhs (For Special
Category States) (As per Notification No. 46/2017 – CGST & 8/2017 - IGST)
No inter-state supply (Exempt for Handicraft Goods)
No supply to E-commerce portals
Only for suppliers of goods (Not applicable for services except Restaurant
Services)
Application is submitted 30 days before the beginning of the Financial Year
Preconditions: To Withdraw
Active GSTIN
Taxpayer has opted for composition scheme
Application is submitted from the day of cross of threshold limit
Authorized signatory with valid credentials (DSC/E-Sign)
Overview: Composition Scheme
© 2018 By: Rajkiran TiwariSlide 14 23.Jan. 2018
Registration
Not Available to -
Applicable Tax Rate – (As per Notification No. – 1/2018)
0.5% (CGST) + 0.5% (SGST/UTGST) (Total – 1%) of the turnover in State/UT in
case of a Manufacturer
2.5% (CGST) + 2.5% (SGST/UTGST) (Total – 5%) of the turnover in State/UT in
case of a Restaurant Services (Clause (b) of Paragraph 6 of Schedule II)
0.5% (CGST) + 0.5% (SGST/UTGST) (Total – 1%) of the turnover (Taxable supplies
of Goods) in State/UT in case of a Other Suppliers (Retailers/Traders)
Overview: Composition Scheme
S.
No.
Tariff item, sub-heading,
heading or Chapter
Description
(1) (2) (3)
1. 2105 00 00 Ice cream and other edible ice, whether or not containing cocoa.
2. 2106 90 20 Pan masala
3. 24 All goods, i.e. Tobacco and manufactured tobacco substitutes
© 2018 By: Rajkiran TiwariSlide 15 23.Jan. 2018
Registration
Composition Taxpayer V/s Normal taxpayer (Upto 1.5 Cr.)
Composition Taxpayer Normal Taxpayer (Upto 1.5 Cr.)
Similarities -
File GSTR 3B (Monthly)
File Quarterly Return (GSTR 4)
Interstate Purchase allowed
Interstate Sales of Handicraft Goods
GSTN number should be printed at
signboard displayed at a prominent
places
File GSTR 3B (Monthly)
File Quarterly Return (GSTR 1, GSTR 2 &
GSTR 3)
Interstate Purchase allowed.
Interstate Sales of Handicraft Goods.
GSTN number should be printed at
signboard displayed at a prominent
places
© 2018 By: Rajkiran TiwariSlide 16 23.Jan. 2018
Registration
Composition Taxpayer V/s Normal taxpayer (Upto 1.5 Cr.)
Composition Taxpayer Normal Taxpayer (Upto 1.5 Cr.)
Differences
Interstate Sales of only Handicraft
Goods are allowed
Tax Rate depend on type of Business
Activity
Supply to E-commerce portals not
allowed
Not eligible to collect tax on supplies
ITC Not allowed
Shall mention the words “composition
taxable person, not eligible to collect
tax on supplies” at the top of the bill
of supply issued With GSTN Number
Interstate Sales of all goods & Services
are allowed
Tax Rate depend on different Tax slabs
Supply to E-commerce portals allowed.
Eligible to collect tax on supplies
ITC Allowed as per different
Schedules/ Notifications
Shall mention the GSTN Number at
the bill of supply issued.
© 2018 By: Rajkiran TiwariSlide 17 23.Jan. 2018
Registration
Apply within 30 days of liability for all categories except for
Non-resident Taxable Persons & Casual Taxpayers
For Casual & Non-resident Taxable Persons, 7 days before
the commencement of business - GSTIN active for 90 days in
this case & can be extended only once for another 90 days
maximum.
Only Online registration will be done through GST portal –
www.gst.gov.in
No Registration/Amendment/ Cancellation Fees is
applicable.
No any type of Security deposit is required.
Overview: When, Where & Fees?
© 2018 By: Rajkiran TiwariSlide 18 23.Jan. 2018
Registration
Overview: Section – Mistake/Offences - Penalty
Section No. Applicability
Section 22 Persons liable for registration (Normal Registration)
Section 24 Compulsory registration in certain cases
Cases:
Fails to obtain Registration when liable to be registered
Furnishing false information regarding registration particulars at the time of
applying of registration or subsequently.
Obstruct or prevents any officer in discharge of his duties
Possible Action: Suo Moto Registration (Under Rule 16 and Notification No. 3/2017)
Penalty: Rs 10,000 (Ten Thousand Rupees) - Under Section 122 (CGST & UTGST)
© 2018 By: Rajkiran TiwariSlide 19 23.Jan. 2018
Accounts & Record Keeping
© 2018 By: Rajkiran TiwariSlide 20 23.Jan. 2018
Accounts & Record Keeping
Every registered person shall keep and maintain –Manufacture/Production of goods.
Supplies attracting payment under RCM.
Output tax payable & paid.
Input tax credit availed.
Stock of goods.
Goods/ Services Imported or Exported.
Inward/ Outward supply of goods/services.
Such other particulars as may be prescribed.
Every registered person shall keep the books of account at the principal place
of business and books of account relating to additional place of business
mentioned in his certificate of registration (If more than one place of business).
Every registered person shall keep and maintain a separate account of
advances received, paid and adjustments made thereto.
Every registered person shall keep the particulars of -names and complete addresses of suppliers from whom he has received the goods or services
names and complete addresses of the persons to whom he has supplied goods or services
the complete address of the premises where goods are stored by him, including goods stored during
transit along with the particulars of the stock stored therein.
Overview
© 2018 By: Rajkiran TiwariSlide 21 23.Jan. 2018
Accounts & Record Keeping
Every registered person shall keep and maintain a separate account of advances received,paid and adjustments made thereto.
Each volume of books of account maintained if manually by the registered person shall beserially numbered.
The records are to be maintained in physical form or electronic form (authenticated bymeans of a digital signature.).
Any entry in registers, accounts and documents shall not be erased, effaced or overwritten,and all incorrect entries, otherwise than those of clerical nature, shall be scored out underattestation and thereafter the correct entry shall be recorded and where the registers andother documents are maintained electronically, a log of every entry edited or deleted shallbe maintained.
Generation and maintenance of electronic records.-
Proper electronic back-up of records shall be maintained and preserved in such mannerthat, in the event of destruction of such records due to accidents or natural causes, theinformation can be restored within a reasonable period of time.
The registered person maintaining electronic records shall produce, on demand, therelevant records or documents, duly authenticated by him, in hard copy or in anyelectronically readable format.
Where the accounts and records are stored electronically by any registered person, heshall, on demand, provide the details of such files, passwords of such files and explanationfor codes used, where necessary, for access and any other information which is requiredfor such access along with a sample copy in print form of the information stored in suchfiles.
Overview
© 2018 By: Rajkiran TiwariSlide 22 23.Jan. 2018
Accounts & Record Keeping
Records to be maintained -
Particulars Descriptions
Agent
Authorization from each principal separately to receive/ supply goodsor services.Details of accounts, Description, Value & Quantity of goods/ servicesreceived/supplied on behalf of every principal.Tax paid on receipt/ supply of Goods/services effected on behalf ofevery principal.
Custodian of Carrier or Clearing & Forwarding Agent
True and correct records in respect of goods handled by them onbehalf of Registered Person.Shall produce as and when required by the proper officer.
Owner/ Operator of Godown/ Warehouse
Maintain Books of Accounts in respect of goods remained inwarehouse. i.e. dispatch, movement,receipt & disposal of such goods.Details of Consignor & Consignee.Store goods in such manner that they can be identified item wise &owner wise & shall facilitateany physical verification/ inspection by the proper officer on demand.
TransportersShall maintain records of goods transported, delivered and goodsstored in transit by him for each of his branches
Rights to CommissionerTo notify a class of taxable person to maintain additional accounts ordocuments
© 2018 By: Rajkiran TiwariSlide 23 23.Jan. 2018
Accounts & Record Keeping
Details of Tax payable (Includes) – (As per Rule 56 (2))Invoices/Bills of supply
Delivery Challans
Credit/Debit Notes
Receipt/ Payment/ Refund Vouchers
Tax collected & Paid
Input Tax Credit
With regard to Stock – (As per Rule 56 (4))Opening/ Closing balance
Receipts/ Supply
Goods lost/ stolen/ destroyed/written off/disposed by gifts/samples
Overview: Exception for person registered u/s 10, (Composition Scheme)
© 2018 By: Rajkiran TiwariSlide 24 23.Jan. 2018
Accounts & Record Keeping
Every registered person required to keep and maintain books of account or other
records shall retain them until the expiry of seventy two (72) months i.e. Six (6)
Years from the due date of furnishing of annual return for the year pertaining to such
accounts and records:
If anyone, who is a party to an appeal or revision or any other proceedings before
any Appellate Authority or Revisional Authority or Appellate Tribunal or court, or is
under investigation for an offence, shall retain the books of account and other
records pertaining to the subject matter of such appeal or revision or proceedings or
investigation for a period of one (1) year after final disposal of such appeal or
revision or proceedings or investigation, or seventy two (72) months i.e. Six (6)
Years from the due date of furnishing of annual return for the year pertaining to such
accounts and records:, whichever is later.
Overview: Period of Retention of Account (As per Section 36 (CGST/UTGST)
© 2018 By: Rajkiran TiwariSlide 25 23.Jan. 2018
Accounts & Record Keeping
Overview: Section – Mistake/Offences - Penalty
Section No. Applicability
Section 35 Accounts & Records
Rule 56 to 58 CHAPTER VII (Accounts & Records)
Cases:
Failure to maintain/retain accounts & documents in a manner and for a period as
specified in the Act.
Failure to furnish or furnishing false information/documents required by an officer in
terms of the Act/Rules during the course of any proceeding.
Tampering/destroying any material evidence;
Disposing of /tampering with goods detained/ seized/attached under the Act
Suppressing turnover leading to tax evasion
Penalty: Rs 10,000 or Equivalent to Tax evaded - Under Section 122 (CGST &
UTGST)
© 2018 By: Rajkiran TiwariSlide 26 23.Jan. 2018
Accounts & Record Keeping
Overview: Power to Collect Statistics
Section No. Applicability
Section 151 Power to Collect Statistics
The Commissioner may, if he considers that it is necessary so to do, by notification,
direct that statistics may be collected relating to any matter dealt with by or in connection
with this Act.
Upon such notification being issued, the Commissioner, or any person authorised by him
in this behalf, may call upon the concerned persons to furnish such information or
returns, in such form and manner as may be prescribed, relating to any matter in respect
of which statistics is to be collected .
Cases:
Failure to furnish the Information or false Information furnished
Penalty: Rs 10,000 and in case of a continuing offence to a further fine which may
extend to Rs. 100/- for each day after the first day during which the
offence continues subject to a maximum Rs. 25,000/-. Under Section
124 (CGST & UTGST)
© 2018 By: Rajkiran TiwariSlide 27 23.Jan. 2018
Invoice Format & Parameters
© 2018 By: Rajkiran TiwariSlide 28 23.Jan. 2018
Invoice Format & Parameters
A registered person supplying goods shall issue a Invoice, before or at the time of-
Removal of goods for supply to the recipient, where the supply involves movement of goods; or
Delivery of goods or making available thereof to the recipient, in any other case
Bill of supply for non taxable goods and composition scheme
A registered person supplying services shall issue a Invoice – (RULE 47)
Before or after provision of service but within 30 days from the date of supply of service
Insurer, bank, Financial Institution, NBFC within 45 days from date of supply
Notified supplies between distinct persons before expiry of quarter during which supply was made
Manner of Issuing Invoice - (RULE 48)
The invoice shall be prepared in triplicate, in the case of supply of goods, in the following manner –
The original copy being marked as ORIGINAL FOR RECIPIENT
The duplicate copy being marked as DUPLICATE FOR TRANSPORTER
The triplicate copy being marked as TRIPLICATE FOR SUPPLIER
The invoice shall be prepared in duplicate, in the case of the supply of services, in the following manner -
The original copy being marked as ORIGINAL FOR RECIPIENT
The duplicate copy being marked as DUPLICATE FOR SUPPLIER
Overview: Invoice
© 2018 By: Rajkiran TiwariSlide 29 23.Jan. 2018
Invoice Format & Parameters
A registered person may not issue a tax invoice if the value of the goods or services
or both supplied is less than two (200/-) hundred Rs. & recipient does not require
such invoice. Consolidated tax invoice for such supplies at the end of each day shall
be issued.
A registered person shall, on receipt of advance payment with respect to any supply
of goods or services or both, issue a RECEIPT VOUCHER or any other document,
containing such particulars as prescribed, evidencing receipt of such payment;
Where, on receipt of advance payment with respect to any supply of goods or
services or both the registered person issues a receipt voucher, but subsequently
no supply is made and no tax invoice is issued in pursuance thereof, the said
registered person may issue to the person who had made the payment, a REFUND
VOUCHER against such payment;
Overview: Invoice
© 2018 By: Rajkiran TiwariSlide 30 23.Jan. 2018
Invoice Format & Parameters
Tax invoice shall be issued by the registered person containing the following particulars -
Name, address and Goods and Services Tax Identification Number of the supplier
name, address and Goods and Services Tax Identification Number or Unique Identity Number of the recipient
(if registered)
a consecutive serial number upto 16 characters, in one or multiple series, containing alphabets or numerals or
special characters hyphen/dash (-) or slash (/) and any combination thereof, unique for a financial year;
Date of issue
The address of delivery, along with the State/UT name and Postal code, (Name of recipient where the value of
the taxable supply is Rs. 50,000/- or more if un-registered)
Harmonised System of Nomenclature code (HSN) for goods or services (As applicable)
Description of goods or services
Quantity in case of goods and unit or Unique Quantity Code
Total value of supply of goods or services or both
Taxable value of the supply of goods or services or both taking into account discount or abatement, if any
Rate of tax (central tax, State tax, integrated tax, Union territory tax or cess) and Amount of tax charged in
respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
Place of supply
Whether the tax is payable on reverse charge basis
Signature or digital signature of the supplier or his authorised representative
Overview: Invoice
© 2018 By: Rajkiran TiwariSlide 31 23.Jan. 2018
Invoice Format & Parameters
In the case of the export of goods or services –
The invoice shall carry an endorsement 'SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ
DEVELOPER FOR AUTHORISED OPERATIONS ON PAYMENT OF INTEGRATED TAX' or 'SUPPLY MEANT
FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS UNDER
BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX',
Name and address of the recipient;
Address of delivery Along with Name of the country of destination
Invoice-cum-bill of supply –
where a registered person is supplying taxable as well as exempted goods or services or both to an
unregistered person, a single 'invoice-cum-bill of supply' may be issued for all such supplies
Transportation of goods in Knocked Down condition –
Supplier to issue complete invoice before dispatch of first consignment
Issue delivery challan for subsequent consignments giving reference of original invoice
Each consignment shall be accompanied by certified copy of complete invoice & corresponding delivery
challan
Original copy of invoice shall be sent along with last consignment
Overview: Invoice
© 2018 By: Rajkiran TiwariSlide 32 23.Jan. 2018
Invoice Format & Parameters
Debit Note:
Taxable value and/or tax charged in invoice is Less than the taxable value and/or tax payable
(Upward revision)
To be issued by supplier within 30 days
Credit Note:
Taxable value and/or tax charged in invoice is More than taxable value and/or tax payable
(Downward revision)
Debit/Credit Note may be issued on or before 30th September from the end of financial
year in which supply was made Or before the date of filing Annual Return (whichever is
earlier)
Debit/Credit Note shall contain Invoice Number of the original Supplies made & the word
‘Revised Invoice’on the top.
Any invoice or debit note issued in pursuance of any tax payable in accordance with the
provisions of Section 74 or Section 129 or Section 130 shall prominently contain the
words 'INPUT TAX CREDIT NOT ADMISSIBLE'
Overview: Debit/Credit Note
© 2018 By: Rajkiran TiwariSlide 33 23.Jan. 2018
Invoice Format & Parameters
Overview: Section – Mistake/Offences - Penalty
Section No. Applicability
Section 31 to 34 and Rule 46 to 55 Tax Invoice
Other Reference Notification No. 17/2017, 45/2017 & 55/2017 (CGST)
Cases: (Not Limited to following)
Making a supply without invoice or with false/ Incorrect invoice
Issuing an invoice without making supply
Failure to issue invoice or issued in contravention of provision of Act
Issuing invoice or document using GSTIN of another person
Non collection or lower collection of or non- payment of tax collectible at source
Non deduction or lower deduction of tax deducted at source or not depositing tax deducted at source
under section 51
Fails to collect/collects but fails to pay to the Government for a period exceeding 3 months
Transporting goods without prescribed documents;
Supplying/transporting/storing any goods liable to confiscation.
Penalty: Rs 10,000 or 10% of Due amount (if not Fraud, Any willful misstatement or
Suppression of Facts to evade tax) or 100% of Due Amount {Whichever is
higher}.
Under Section 73 to 77 (CGST & UTGST) & Rule 142 (But Not Limited to them)
© 2018 By: Rajkiran TiwariSlide 34 23.Jan. 2018
Payment of Tax (With ITC)
© 2018 By: Rajkiran TiwariSlide 35 23.Jan. 2018
Payment of Tax (With ITC)
Payment of Tax may be paid through Cash Ledger.
Cross Utilization of Cash Ledger (Against Major/Minor Head are not allowed)
Cross Utilization of Credit Ledger (Against Major Head are allowed)
Credit of One Major head will be adjust against the payment of respective Major Head after the
discharging the liability of that head.
Overview: Payment
SGST/UTGST
IGST
CGST
Allowed Allowed
Not
Allowed
© 2018 By: Rajkiran TiwariSlide 36 23.Jan. 2018
Payment of Tax (With ITC)
Motor vehicles and other conveyances except when they are used –
for making the following taxable supplies –
Further supply of such vehicles or conveyances
Transportation of passenger
Imparting training on driving, flying, navigating such vehicles or conveyances
For transportation of goods
The following supply of goods or services or both –
Food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic
surgery except where an inward supply of goods or services or both of a particular category is used
by a registered person for making an outward taxable supply of the same category of goods or
services or both or as an element of a taxable composite or mixed supply
Membership of a club, health and fitness centre
Rent-a-cab, life insurance and health insurance except where
the Government notifies the services which are obligatory for an employer to provide to its
employees under any law for the time being in force; or
such inward supply of goods or services or both of a particular category is used by a registered
person for making an outward taxable supply of the same category of goods or services or both or
as part of a taxable composite or mixed supply; and
Travel benefits extended to employees on vacation such as leave or home travel concession
Overview: ITC not available
© 2018 By: Rajkiran TiwariSlide 37 23.Jan. 2018
Payment of Tax (With ITC)
Works contract services when supplied for construction (includes re-construction,
renovation, additions or alterations or repairs, to the extent of capitalisation, to the said
immovable property) of an immovable property (other than plant and machinery) except
where it is an input service for further supply of works contract service
Goods or services or both received by a taxable person for construction of an immovable
property (other than plant or machinery) on his own account including when such goods or
services or both are used in the course or furtherance of business.
Goods or services or both on which tax has been paid under section 10 (Composition
Levy)
Goods or services or both received by a non-resident taxable person except on goods
imported by him
Goods or services or both used for personal consumption
Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples and
any tax paid in accordance with the provisions of sections 74, section 129 and section 130.
Overview: ITC not available
© 2018 By: Rajkiran TiwariSlide 38 23.Jan. 2018
Payment of Tax (With ITC)
Overview: Section – Mistake/Offences - Penalty
Section No. Applicability
Section 16 to 20 and Rule 42 to 43 Input Tax Credit
Other Reference Relevant Notification issued under Tax Rate
Cases: (Not Limited to following)
Wrongly Availing/utilizing/ Distributing input tax credit without actual receipt of goods and/or services
Penalty: Rs 10,000 with Recovery of ITC – Under Section 122 (CGST & UTGST) (But
Not Limited to them)
© 2018 By: Rajkiran TiwariSlide 39 23.Jan. 2018
Advance Ruling
© 2018 By: Rajkiran TiwariSlide 40 23.Jan. 2018
Advance Ruling
‘Advance ruling’ means –A decision provided by the Authority or the Appellate Authority to an applicant on matters or on questions, in
relation to the supply of goods or services or both being undertaken or proposed to be undertaken by the
applicant.
The question on which the advance ruling will be sought –Classification of any goods or services or both
Applicability of a notification issued under the provisions of the Act
Determination of time and value of supply of goods or services or both
Admissibility of input tax credit of tax paid or deemed to have been paid
Determination of the liability to pay tax on any goods or services or both
Whether applicant is required to be registered
Whether any particular thing done by the applicant with respect to any goods or services or both amounts to or
results in a supply of goods or services or both, within the meaning of that term.
Fees (Appeal to the Authority) –For obtaining an advance ruling applicant shall deposit fees of five thousand (5,000/-) rupees online.
A copy of the advance ruling shall be certified to be a true copy of its original by any
member of the Authority for Advance Ruling.
Overview: Section 95 to 106 (CGST)
© 2018 By: Rajkiran TiwariSlide 41 23.Jan. 2018
Advance Ruling
Fees (Appellate Appeal to the Authority) –
For obtaining an advance ruling applicant shall deposit fees of Ten thousand
(10,000/-) rupees online.
Manual filing and Processing – (As per Notification No. 55/2017 – CGST)
Anything contained in the Advance Ruling, in respect of any process or procedure
prescribed, any reference to electronic filing of an application, intimation, reply,
declaration, statement or electronic issuance of a notice, order or certificate on the
common portal shall, in respect of that process or procedure, include manual filing
of the said application, intimation, reply, declaration, statement or issuance of the
said notice, order or certificate in such Forms as appended to the Rules.
Overview: Section 95 to 106 (CGST)
© 2018 By: Rajkiran TiwariSlide 42 23.Jan. 2018
Refund
© 2018 By: Rajkiran TiwariSlide 43 23.Jan. 2018
Refund
Overview:
Circular No. 24/24//2017-GST Dt. 21/12/2017– (Manual filing and
processing of refund claims on account of inverted duty structure,
deemed exports and excess balance in electronic cash ledger)
Circular No. 17/17//2017-GST Dt. 15/11/2017– (Manual filing and
processing of refund claims in respect of zero-rated supplies )
Refund Forms is RFD-01
Some Change Related to Refund is proposed in 25th GST Council
Meeting Dt. 18th Jan, 2018.
Some points/process yet to be finalize.
© 2018 By: Rajkiran TiwariSlide 44 23.Jan. 2018
Offences and Penalties
© 2018 By: Rajkiran TiwariSlide 45 23.Jan. 2018
Offences and Penalties
Overview: Section No. - 132 : Punishment for certain offences
Possible Offences (But Not Limited to)
Supplies any goods or services or both without issue of any invoice, in violation of the provisions of
the Act or the rules made thereunder, with the intention to evade tax, leading to wrongful availment
or Utilisation of input tax credit or refund of tax
Avails input tax credit using such invoice or bill
Collects any amount as tax but fails to pay the same to the Government beyond a period of three
months from the date on which such payment becomes due;
Falsifies or substitutes financial records or produces fake accounts or documents or furnishes any
false information with an intention to evade payment of tax due under the Act
Obstructs or prevents any officer in the discharge of his duties under the Act;
Acquires possession of, or in any way concerns himself in transporting, removing, depositing,
keeping, concealing, supplying, or purchasing or in any other manner deals with, any goods which
he knows or has reasons to believe are liable to confiscation under the Act or the rules made
thereunder
Receives or is in any way concerned with the supply of, or in any other manner deals with any
supply of services which he knows or has reasons to believe are in contravention of any provisions
of the Act or the rules made thereunder;
Tampers with or destroys any material evidence or documents
Fails to supply any information which he is required to supply or attempts to commit, or abets the
commission of any of the offences mentioned
© 2018 By: Rajkiran TiwariSlide 46 23.Jan. 2018
Offences and Penalties
Overview: Section No. - 132 : Punishment for certain offences
Possible Punishment
Amount of tax Imprisonment
Exceeds Rs 1 Cr upto 2 Cr 1 year with fine
Cognizable and Non-
bailableExceeds Rs 2 Cr upto 5 Cr 3 years with fine
Exceeds Rs 5 Cr 5 years with fine
Commits or Abets the Commission 6 months or fine or both
Where any person convicted of an offence under this section is again convicted of an offence
under this section, then, he shall be punishable for the second and for every subsequent offence
with imprisonment for a term which may extend to five (5) years and with fine.
© 2018 By: Rajkiran TiwariSlide 47 23.Jan. 2018
Update on GST
© 2018 By: Rajkiran TiwariSlide 48 23.Jan. 2018
Tax Payer’s Interface
Update on GST – As on 10.Jan.2018 (Page-1)
Major Options Available on GST Portal -
1. Application for Amendment in Core Fields
(Trade Name, Principal place, Basic Details …)
2.Application for Amendment in Non-Core Fields
(Additional Place, Authorised Signatory, Bank Account Details etc..)
3. Application to opt or opt-out Composition Scheme
4. To Change Primary Authorised Signatory Mobile & Email ID
5. Application for Cancellation (Non-Migrated & New Registered Taxpayers)
6. Filling of GSTR 5 (Non-Resident Taxpayer) & GSTR 6 (ISD Taxpayers)
7. Filling of ITC 04 & ITC 02 (In case of Sale, Merger, De-merger, amalgamation ..)
8. Filling of Trans - 02
© 2018 By: Rajkiran TiwariSlide 49 23.Jan. 2018
Tax Payer’s Interface
Update on GST – As on 10.Jan.2018 (Page-2)
9. Filling of Refund (Exporter/Importer/SEZ Supply)
10. Payment against Advance Ruling
11. Engage/Dis-engage GST Practitioners
12. To search Taxpayers (Using GSTIN)
13. Update/ Re-register DSC
14. Download Certificates
15. Grievance / Complaints
16. Download Filled Returns
17. Track Application Status
18. Track Return Status
© 2018 By: Rajkiran TiwariSlide 50 23.Jan. 2018
Tax Payer’s Interface
Update on GST – As on 10.Jan.2018 (Page – 3)
Different Errors
1. “System Error GSTIN No.” During Submission of TRANS-1, GSTR-1
2. “Validation Error” During submission of Amendment application
3. “System Error” During attachment of DSC
4. “DSC not matched” During submission of Return or TRANS-1
5. “Duplicate Invoice No.” During entry of Invoices in GSTR-1
6. “Invalid Invoice Date” During entry of Invoices in GSTR-1
7. “Access Denied” During Login
8.
July or August Month not
come in the month selection
box
During filling Return
© 2018 By: Rajkiran TiwariSlide 51 23.Jan. 2018
Tax Payer’s Interface
Update on GST – As on 22.Jan.2018 (Page – 4)
Recommendation of 25th GST Council Meeting
© 2018 By: Rajkiran TiwariSlide 52 23.Jan. 2018
Tax Payer’s Interface
Process: Demonstration
© 2018 By: Rajkiran TiwariSlide 53 23.Jan. 2018
Tax Payer’s: Question’s
Intimation Regarding Central GSTN (Delhi) Helpdesk
© 2018 By: Rajkiran TiwariSlide 54 23.Jan. 2018
Thank you
© 2018 By: Rajkiran TiwariSlide 55 23.Jan. 2018
Toll Free Number: 1800-233-0349
Contact Number: 0260-2260349
For Vat:- [email protected]
For GST: [email protected]
WhatsApp No.: 91068-30455
Note:
if you want to be member of department, GST group. This no is for sending info to the following:-
Helpdesk (Daman & Diu)
Central GSTN (Delhi) GSTN Helpdesk No: 0120-4888999
GSTN Mail Id: [email protected]
© 2018 By: Rajkiran TiwariSlide 56 23.Jan. 2018
Registration
List of Handicraft Goods (Page 1/2)
S.No. Products HSN Code
(1) (2) (3)
1. Leather articles (including bags, purses, saddlery, harness, garments) 4201, 4202, 4203
2. Carved wood products (including boxes, inlay work, cases, casks) 4415, 4416
3. Carved wood products (including table and kitchenware) 4419
4. Carved wood products 4420
5. Wood turning and lacquer ware 4421
6. Bamboo products [decorative and utility items] 46
7. Grass, leaf and reed and fibre products, mats, pouches, wallets 4601, 4602
8. Paper mache articles 4823
9. Textile (handloom products), Handmade shawls, stoles and scarves
Including 50, 58, 61,
62, 63”;
As per Notification No.
38/2017 (CGST)
10. Textiles hand printing 50, 52, 54
11. Zari thread 5605
12. Carpet, rugs and durries 57
13. Textiles hand embroidery 58
14. Theatre costumes 61, 62, 63
15. Coir products (including mats, mattresses) 5705, 9404
16. Leather footwear 6403, 6405
17. Carved stone products (including statues, statuettes, figures of animals, writing
sets, ashtray, candle stand) 6802
18. Stones inlay work 68
19. Pottery and clay products, including terracotta
6901, 6909, 6911,
6912, 6913, 6914
20. Metal table and kitchen ware (copper, brass ware) 7418
Back
© 2018 By: Rajkiran TiwariSlide 57 23.Jan. 2018
Registration
List of Handicraft Goods (Page 2/2)
S.No. Products HSN Code
(1) (2) (3)
21. Metal statues, images/statues vases, urns and crosses of
the type used for decoration of metals of chapters 73 and
74
8306
22. Metal bidriware 8306
23. Musical instruments 92
24. Horn and bone products 96
25. Conch shell crafts 96
26. Bamboo furniture, cane/Rattan furniture
27. Dolls and toys 9503
28. Folk paintings, Madhubani, Patchitra, Rajasthani miniature 97
29. Chain stitch Any chapter
As per Notification
No. 38/2017
(CGST)
30. Crewel, Namda, Gabba Any chapter
31. Wicker willow products Any chapter
32. Toran Any chapter
33. Articles made of shola Any chapter
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