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CALCULATION OF TAX
LIABILITY
ASSIGNMENT

RISHABH KAUSHIK
(B.COM)
(TEAM Rajat)

. “GSTN Internal Confidential”

 Designed and Developed by GSTN

Overview of GST Returns Introduction

Monthly Quarterly
GSTR 4 Compounding taxpayer
GSTR 1 Statement of Outward Supplies

GSTR 2 Statement of Inward Supplies Annual

GSTR 3 Monthly GST Return GSTR 9 Annual GST Return
GSTR 9A Annual return for
GSTR 5 Non-resident taxable persons Compounding Taxpayer
GSTR 9B Reconciliation
GSTR 6 Input Service Distributor (ISD) Return Statement

GSTR 7 Tax Deduction at Source (TDS) return

Unscheduled
GSTR 8 Tax Collection at Source (TCS) Return
GSTR 10 Final return after
GSTR 11 Inward Supplies for Government Bodies cancellation, within three
month of cancellation

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GSTR 1, GSTR 2, & GSTR 3: Due Date for Filing

GSTR 1 GSTR 2 GSTR 3

10th of every month 15th of every month 20th of every month

Please note: The tax period for the monthly deadlines is the previous calendar month
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GSTR 4, GSTR 5, & GSTR 6: Due Date for Filing

GSTR 4 GSTR 5* GSTR 6

18th of the month following
end of financial quarter 20th of every month 13th of every month

*Important: For GSTR 5 non-resident taxable persons, final

return must be filed by the 20th of the succeeding calendar
month or within 7 days of expiration of registration
whichever is earlier.

Please note: The tax period for the monthly deadlines is the previous calendar month
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GSTR 7, GSTR 8, & GSTR 9: Due Date for Filing

GSTR 7 GSTR 8 GSTR 9*

10th of every month 10th of every month 31st December

*For previous financial year

Please note: The tax period for the monthly deadlines is the previous calendar month
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Who can file GST Returns?

Taxpayer Tax Return Preparer

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Where can I file my GST Returns?

GST Portal Through a GSP GST Offline

GST Suvidha Provider Utility Software
www.gst.gov.in

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What is a GSP?

▪ GST Suvidha Provider (GSP) is an additional mechanism available for

taxpayers to facilitate uploading invoices as well as filing returns & act as a
single stop shop for GST related services.
▪ Currently there are 34 approved GSPs (including companies like Tally, TCS,
Deloitte)
▪ Taxpayers can choose services of one or multiple GSP based on their
requirement & offerings of the GSP.
▪ GSP can create their own unique products like Mobile apps, User interface,
ERP solutions to help their clients be GST compliant.
▪ GSPs will communicate data directly to GST Core system (& not through GST
website available for all taxpayers).

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GSTR 1: Statement for Outward Supplies

▪ In the GSTR 1, invoices are uploaded by the Supplier Taxpayer.

▪ Invoice uploaded in GSTR 1 for a financial year can be modified before

filing of September GSTR 3 of next financial year or filing of annual
return, whichever is earlier.

▪ E-commerce sales transactions are captured explicitly in GSTR 1.

▪ B2B & B2C transactions are captured separately in GSTR 1.

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GSTR 1: Statement for Outward Supplies

▪ A Supplier Taxpayer is required to prepare GSTR 1 wherein they will

report invoice level information.

▪ GSTR 1 needs to be filed even if there is no business activity (i.e. Nil

Return) during the period of return.

▪ Supplier Taxpayer will file return in electronic form only.

▪ Invoices for IGST, CGST/SGST will be issued separately (in other words,
one invoice can’t have IGST as well as SGST/CGST).

▪ An invoice can’t have two different places of supply. POS should be a

mandatory field in the inter-state invoice.

▪ Bulk upload facilities are available for suppliers who have above specified
entries per month.

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GSTR 2A: Draft of GSTR 2

▪ GSTR 2A contains an auto populated list of all invoices received from all
Suppliers Taxpayers’ corresponding returns for the given tax period; these
invoices can be acted upon directly in the GSTR 2 before filing.

▪ Before filing the GSTR 2, Receiver Taxpayer shall take action on all
the invoices received in the GSTR 2A.

▪ Receiver Taxpayer can accept, reject, & modify any pending invoices received
in the GSTR 2A. Also, receivers can park items for next tax period & such items
will roll over to next month’s GSTR 2.

▪ Accepted & Modified Invoices will flow to GSTR 2 & in case of Rejection
only an intimation will be sent to Taxpayer & Tax Officer.

▪ GSTR 2A is a read-only document & will be available for view even after the tax
period is over.

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GSTR 2: Statement of Inward Supplies

▪ Receiver Taxpayer can Add any missing invoices in the GSTR 2.

▪ GSTR 2 is editable until receiver taxpayer has acted upon all the
invoices received from all the supplier taxpayers (bulk
approval/rejection is possible in GSTR 2).

▪ Receiver taxpayer may choose to not act upon one or more invoices
which will carry the ‘pending’ status & may be acted upon in
subsequent tax periods.

▪ After executing all the necessary actions, receiver taxpayer can file
the GSTR 2.

▪ GSTR 2 needs to be filed even if there is no business activity (i.e. Nil

Return) during the period of return. Receiver Taxpayer will file return
in electronic form only.

▪ GSTR 2 can be filed only after 10th of the succeeding month. Why?
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GSTR 1A: Addendum to GSTR 1

▪ In the event of any amendment to an invoice or addition (in GSTR 2 of

Receiver Taxpayer), the amended/added invoice(s) will auto populate
the GSTR 1A of the Supplier Taxpayer.

▪ This will happen in case of any error or discrepancy in the invoice level
details at supplier’s end.

▪ The Supplier Taxpayer can Accept or Reject the amended/added

invoice.

▪ If Supplier Taxpayer accepts the amendment/addition, their GSTR 1

will be auto-amended & liabilities will be updated accordingly.

▪ In case they reject the amendment/addition, there will be no impact

on their GSTR 1 & associated liabilities.

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GSTR 1A: Addendum to GSTR 1

What will happen in case the Supplier Taxpayer rejects the amended invoice?

It will lead to a mismatch. However, there are two possible scenarios:

1. Upward – Mismatch Report will be created

2. Downward – Supplier Taxpayer, Receiver Taxpayer & Tax Official(s) will be

intimated

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GSTR 3: The Consolidated Monthly Return

▪ Precondition - GSTR 1 & GSTR 2 must be filed successfully. Why?

▪ Summary of business transaction details for the tax period auto populated
on the basis of GSTR 1 & GSTR 2. Examples?

▪ Must be filed even if there is no business activity (NIL Return). Who all have
to file GSTR 3?

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GSTR 1, GSTR 2, & GSTR 3: Checking for Understanding

▪ What will be the impact of a credit note filed by the

supplier on his liability in that tax period?

▪ What happens to the ITC availed in GSTR 2 if the

supplier rejects the invoice details?

▪ Can invoice details be amended if the recipient accepts

& claims credit on an invoice?

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Filing GSTR 1: Demonstration Using Application – Preconditions

1. Taxpayer should be a registered taxpayer & have an Active GSTIN for the
given tax period.

2. Taxpayers should have valid login credentials (i.e., User ID & password).

3. For cancelled GSTIN, taxpayer will have an option to file GSTR 1 for tax
period during which there was business activity after the date of
application for cancellation.

4. Taxpayer should have an active (unexpired & unrevoked) digital

signature certificate (DSC) in case of Taxpayer for whom digital signing
is mandatory.

5. Taxpayer should have a valid Aadhar number with mobile number if they
opt for e-sign.

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Filing GSTR 1: Demonstration Using Application – Business Rules

1. GSTR 1 for the current tax period cannot be filed if GSTR 3 is not filed
for the immediately preceding period.

2. GSTR 1 can be filed only after completion of the calendar month

except in the case of casual dealers

3. Interest will be calculated for taxpayers on be daily or monthly based

on final version of the law.

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Filing GSTR 2: Demonstration Using Application – Preconditions

1. Taxpayer should be a registered taxpayer & have an Active GSTIN for the
given tax period.

2. Taxpayers should have valid login credentials (i.e., User ID & password)

3. For cancelled GSTIN, taxpayer will have an option to file GSTR 2 for
period after the date of application for cancellation; it will not be
mandatory.

4. Taxpayer should have an active (unexpired & unrevoked) digital signature

(DSC) in case of Taxpayer for whom digital signing is mandatory.

5. Taxpayer should have a valid Aadhar number with mobile number if they
opts for e-sign.

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Filing GSTR 2: Demonstration Using Application – Business Rules

1. GSTR 2 for the current tax period cannot be filed if GSTR 3 is not filed
for the immediately preceding period.

2. GSTR 2 can be filed only after 10th of the succeeding month except in
the case of casual dealers.

3. Interest will be calculated for taxpayers on a daily or monthly

depending upon on final version of the law.

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Summary
You have reached the end of the module, you should
be able to:

✓ Understand the Overview of Returns

✓ Creation of the GSTR 1 & GSTR 2 returns

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THANK YOU!

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