The Institute of Chartered Accountants of India (“ICAI”) has issued Handbook on Returns and Payments under GST – October, 2022.
Contents
S.No. Subject Page No.
I. RETURNS UNDER GST…………………………………………………………………………………… 1
1. Introduction ……………………………………………………………………………………………………. 1
2. Significance of Self-Assessment in GST……………………………………………………………… 1
3. Who should furnish returns under GST……………………………………………………………….. 1
4. Returns applicable to various categories of persons ……………………………………………… 5
5. Consequences of Non-filing / Late filing of Returns …………………………………………….. 14
6. Procedures to file various Returns……………………………………………………………………. 15
6.1 Form GSTR-1: Furnishing details of outward supplies ………………………………… 15
6.2 Form GSTR-3B: Furnishing of Returns …………………………………………………….. 26
6.3 Form GSTR-4: Return for financial year of registered person who has opted to pay
under Section 10 of CGST Act ……………………………………………………………….. 37
6.4 Form GST CMP-08: Statement for payment of self-assessed tax by taxpayers
covered under Section 10 of CGST Act ……………………………………………………. 41
6.5 Form GSTR-5 : Return for Non-Resident Taxable Person …………………………… 44
6.6 Form GSTR-5A: Details of Supplies of Online Information and Database Access or
retrieval services by a person located outside India to non-taxable online recipient
in India ……………………………………………………………………………………………….. 49
6.7 Form GSTR-6 : Return for Input Service Distributor……………………………………. 50
6.8 Form GSTR-7 : Return for Tax Deducted at Source …………………………………… 53
6.9 Form GSTR-8 : Statement for Tax Collection at Source………………………………. 55
6.10 Form GSTR-9 : Annual Return ……………………………………………………………….. 57
6.11 Form GSTR-9A : Annual Return for Composition taxpayer ………………………….. 76
6.12 Form GSTR-9C : Reconciliation Statement and Certification ……………………….. 82
6.13 Form GSTR-10 : Final Return…………………………………………………………………. 84
6.14 Form GSTR-11 : Statement of inward supplies by persons having Unique
Identification Number (UIN) ……………………………………………………………………. 86
II. PAYMENTS UNDER GST ………………………………………………………………………………. 89
7. Various ledgers to be maintained on the common portal and their charter of utilisation 89
8. Generation of Challan ……………………………………………………………………………………. 95
9. Order of utilisation of Credit…………………………………………………………………………….. 96
10. Conclusion …………………………………………………………………………………………………… 97
ANNEXURE 1 ……………………………………………………………………………………………………….. 98
Source: a2ztaxcorp.com
