CoN ee aU tS INDEX Section Description Pg. No. Section 37 | Furnishing details of outward supplies 309 Section 39 | Fumishing of retums 310 Section 40 [First return. 320 Section 44 | Annual return, 322 Section 45 | Final return 33 Section 46 |_ Notice to retum defaulters 323 Section 47 | Levy oflate fee 323 Section 48 | Goods and services tax practitioners 326 Cost rues perainingtoRetwns Rule | Description 59_| Form and manner of fumishing details of outward supplies 60_| Form and manner of fumishing dotals of inward suoplios (61_| Form and manner of submission of monthly return 162_| Form and manner of submission of statement and return '63_| Form and manner of submission of retum by non-resident taxable person (64 | Form and manner of submission of retum by persons providing online information and database access or revival services (65 _| Form and manner of submission of retum by an Input Service Distributor (66 _| Form and manner of submission of retum by a person required to deduct tax at source 67_| Form and manner of submission of statement of supplies through an e-commerce operator (68_| Notice to non-flers of returns 69_| Matching of claim of input tax credit 70_| Final acceptance of input tax codit and communication thereof 7i_| Communication and rectification of dscrepancy in aim of input tax credit and reversal of claim of input tax credt 72_| Claim of input tax credit onthe same invoice more than once. 73_| Matching of claim of reduction in the output tax tabiliy 4 _| Final acceptance of reduction in output tax Tability and communication thereat 75__| Communication and rectification of d'screpancy in reduction in ouput tax labilly and reversal of dam of reduction 76_| Claim of reduction in output tax ability more than once 77 _| Refund of interest paid on reclaim of reversals 78_| Matching of details furished by the E-Commerce operator withthe dela furnished by the supplier 78_| Communication and recification of dsorepancy in detals furnished by the E-commerce operalor and the suppler 80_| Annual return 81_| Final return '82_| Details of inward supplies of persons having Unique Identy Number 83 _| Provisions relating to a goods and services tax practitioner ‘84 | Conditions for purposes of appearance V'smart Academy wwnwvsmartacademy.com CAVishal Bhattad + (109850850800Students Weds CAVishal Bhattad Sec Title 2(6) | “outward in relation to a taxable person, means supply of goods or supply” services or both, whether by sale, transfer, barter, exchange, licence, rental, lease or disposal or any other mode, made or agreed to be made by such person in the course or furtherance ofbusiness means any person who occasionally undertakes transactions 2(77) | “Non-resident involving supply of goods or services or both, whether as taxable person” | principal or agent or in any other capacity, but who has no fixed place ofbusiness or residence in India 2(97) | “Return” means any retum prescribed or otherwise required to be furnished by or under this Actor the rules made thereunder 2(107)| “Taxable person” | means a person who is registered or lable to be registered under section 22 or section 24 2(67) | “inward supply” | in relation to a person, shall mean receipt of goods or services or both whether by purchase, acquisition or any other means with or without consideration 2(106)| “Tax period” means the period for which the return is required to be furnished 2(04) | “Registered means a person who is registered under section 25 but does person” not include a person having a Unique Identity Number 2(92) | “Quarter” shall mean a period comprising three consecutive calendar months, ending on the last day of March, June, September and December of a calendar year [2(194) | “Union Means territory” the territory of - (a) the Andaman and Nicobar Islands () Lakshadweep |[Bimnman RADA} (©) Daman and Diu and Dadra and Nagar haveli (a) Ladakh } (e) Chandigarh (and Other territory Explanation - For the purposes of this Act, each of the territories specified in clauses (a) to (f) shall be considered to be a separate Union territory 2(45) | “Electronic means any person who owns, operates or manages digital commerce: or electronic facility or platform for electronic commerce operator’ 2(26) | “Common means the common goods and services tax elecironic portal portal” referred to in section 146 2(85) | “Goods & means any person who has been approved under section Services tax 48 to act as such practitioner practitioner” vali » | "valid return means a retum furnished under sub-section (1) of 2(117)| “Valid Return section 39 on which self-assessed tax has been paid in fll 09850850800 wwwysmartacademy.com V'Smart AcademyERAT Sac ee Ses Notes Q.1 : What do youmean by Return ? Ans.: Under GST laws, a taxpayer is required to estimate his Tax lability on “self-assessment” basis and deposit the Tax. The term “return” ordinarily means statement of information (facts) furnished by the taxpayer, to tax Government, at regular intervals, The information to be furnished inthe return generally comprises ofthe details, pertaining to the nature ofactivitiesfbusiness operations forming the subject matter of taxation ‘> the measure of taxation such as sale price, turnover, or value ‘> deductions and exemptions; and ‘> determination and discharge of tax liability fora given period Q.2: Why is filing of Return necessary ? ‘Ans.: The returns serve the following purposes: 2) Mode for transfer of information to tax administration b) Compliance verification program of tax administration ©) Finalization ofthe tax liabilities ofthe taxpayer within stipulated period of limitation 4) Providing necessary inputs for taking policy decision e) Management of audit and ant-evasion programs of tax administration Q.3:State the Important features of Return under GST mechanism? Ans.: The basic features of the return mechanismin GSTinclude > electroniofiling ofreturns, > uploading of invoice level information and auto-population of information relating to TTC from returns of supplier to that of recipient, invoice-level information matching and auto-reversal of ITCin case ofmismatch. The retums mechanism is designed to assist the taxpayer to file returns and availlTC Q.4: Whether E-ling of Returnis mandatory? ‘Ans.: All the retums under GST laws are to be filed electronically. Taxpayers can file the statements and retums by various modes. Firstly, they can file their statement and returns directly on the GST common portal online. However, this may be tedious and time consuming for taxpayers with large number of invoices. For such taxpayers, offine lilies have been provided by GSTN that can be used for preparing the statements offine after downloading the auto populated details and uploading them on the common portal GSTN has also developed an ecosystem of GST Suvidha Providers (GSP) that wil integrate wit the common portal Q.5: What do youmean by B2B and B2C supply? ‘Ans.: 1) B28 means business to business transaction. In such type of transactions, the recipientis also a registered supplier and hence, takes ITC. 2) B2C means business to consumer transaction. In such type of transactions, the recipientis consumer or unregistered and hence, willnot take or cannot take ITC V'Smart Academy wwwivsmartacademy.com CAVishal Bhattad {098508508009 voqDeg Jepurqueulssessy pwscoxn ooo xen ouster 9 ae feo) 001, 49/001 8 pun souuns soy Jedoig~pausuny}0u 18 diso se we ‘gy99szepun || 6¢ 998 9pun (zn uso’) —_———T so uosiod ponoiddy ume navy || umou enboy_|| gee 98 pun woworss epg yeu ui Sti} eon0N errno rpt) eum “oe wns enuuy’ te“ TTpOEEEP tars oom sean ane = toe 1599 9 (alge 265) = = 19 s90%0 =| aaebare oy Tes | S¥0. 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(Sec 37 (1)) Ans.: ee ote ce tofile GSTR- 1 ‘All registered person including | ax casual taxable person Notes Form for submission of details of outward supplies The details of outward supplies are required to be furnished, electronically, inFormGSTR-. Due date of submission of GSTR-1 GSTR- for a particular month is filed on or before the 10th day of the immediately succeeding month. Comment: 4) Time limit to Supplier filed details of outward supply :- GSTR-1 of a month can be filed any time between 1st and 10th day of the succeeding month, 2) Blocking Period :- GSTR-1 cannot be filed during the period from 11th day to 15th day of month succeeding the tax period. 3) Extension :- The due date of filing GSTR-1 may be extended by the Commissioner/Commissioner of State GST/Commissioner of UTGST for a class of taxable persons by way ofanotification. \NING)B3/20200CT Hated 10.11.2020 Wit effect from 07.01.2021, the time limit for furnishing the details of outward supplies in Form GSTR-1 has been extendedin the following manner: Registrepersons optngorRMPachome] 1thday lene wweceedng such x pwod Ohare thay ferent shaped Q.7: Whether tax payercan file GSTR-t before the end of the currenttax period? ‘Ans.:No, Ataxpayer cannot file GSTR-1 before the end ofthe currenttax period However, following are the exceptions tothisrule: a. Casual taxpayers, afte the closure oftheirbusiness .Cancellation of GSTIN of anormal taxpayer ‘Ataxpayer who has applied for cancellation of registration will be allowed to fle GSTR-+1 after confirming receiptofthe application. Q.81s the necessary to file GSTR-1, even ifthere is no business activity in any particular taxperiod ‘Ans.: Filing of GSTR-1 is mandatory for all normal and casual taxpayers, even if there is no business activity in any particular tax period. For such tax period(s), a Nil GSTR-1 is requiredto be filed. ANil GSTR-1 can be filed through an SMS using the registered mobile number of the taxpayer. GSTR-1 submitted through SMS is verified by registered mobile number- based OTP facility. A taxpayer can file Nil GSTR-1, anytime from ‘st of the month subsequent of the tax period onwards. V'Smart Academy wwwivsmartacademy.com CAVishal Bhattad {09850850800Students # Rul 59, Form and manner of furnishing det: is of outward Notes ‘supplies.- () Furnishing of details of outward supplies in case of monthly scheme:~ Every registered person, other than a person referred to in section 14 of the Integrated Goods and Services TaxAct, 2017, required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in FORM GSTR-t for the month or the {quarter asthe case may be, electronically through the common portal ether directly or through a Facilitation Centre asmay be notified by the Commissioner. (2) Furnishing of details of outward supplies in case of QRMP scheme:- The registered persons required to fumish return for every quarter under proviso to subsection (1) of section 39 (ie. under QRMP Scheme) may furnish the details of such outward supplies of goods or services or both toaregistered person, as he may consider necessary, ‘ forthe firstand second months of a quarter, ‘> uptoa cumulative value of 50 Lakhs in each ofthe months,- using invoice furnishing facility ( “IFF’) electronically on the common portal, duly authenticated in the manner prescribed under rule 26, from the 1st day of the month succeeding such month tillthe 13th day of the said month. (3) Data given in IFF not be furnished again in GSTR- 1 for QRMP scheme:- ‘The details of outward supplies furnished using the IFF, for the first and second months of a quarter, shall not be furnished in FORM GSTR-1 for the said quarter. (4) Details in GSTR-1 ‘The details of outward supplies of goods or services or both furnished in FORM GSTR-+1 shall include the— (@) | invoice wise details ofall {i)interState and intra-State supplies made to the registered persons; and {i) inter-State supplies with invoice value more than %2,50,000 made to the unregistered persons; (0) | consolidated details ofall {i)intra-State supplies made to unregistered persons for each rate of tax; and {i) State wise inter-State supplies with invoice value upto % 2,50,000 made to unregistered persons foreach rate oftax; (c) | debit and credit notes, if any, issued during the month for invoices issued previously. PREC e erty Interstate] | intrastate Inter State Intrastate [Supplies supplies Supplies supplies Invoice-wise { | details of all Invoice > 2,50,00 | Invoice < 2,50,000| | Consolidated ‘supplies to be details ofall uploaded v supplies to be| ‘State-wise consolidated| [uploaded details to be uploaded CAVishal Bhattad {© 09850850800 www.vsmartacademy.com V'Smart AcademyStudents & Notes Details of IFF :- The details of outward supplies of goods or services or both furnished using the IFF shall include the (a) | invoice wise details of inter-State and intra-State supplies made to the registered persons; 6) (b)| debit and credit notes, if any, issued during the month for such invoices issued previously (6) Restriction on furnishing GSTR -1 or IFF := Notwithstanding anything contained in this rule, (a) |aregistered person (Monthly Scheme) shall not be allowed to furnish the details if he has not furnished the return of outward supplies of goods or services in FORM GSTR-3B for preceding orboth under section 37inFORMGSTR-1, twomonths; {b) a registered person, required to furnish return for every quarter under the provisoto Sec 39(1),(QRMP Scheme) shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR- or using the invoice furnishing facility (FF), {c) |a registered person, who is restricted from using the amount available in electronic credit ledgerto discharge his liability towards tax in excess of 99 % of such tax liability underrule 86B, shall not be allowed to furnish the details i he has not furnished the return of outward supplies of goods or services. in FORM GSTR-3B for preceding or both under section 37in FORM GSTR+1 tax period or using the invoice furnishing facility, (FF) Q.9 : What are the contents of GSTR-1? Ans.: if he has not furnished the return in FORM GSTR-3B for preceding taxperiod; Basic & Other Details Details of Outward Supplies *GSTIN +B2B + Legal name and Trade name +B2C + Aggregate turnover in previous year + Zero rated and Deemed exports +Tax period + HSN-wise summary of outward supplies + Details of documents issued + Advances receivediadvances adjusted + Debit/ Credit notes issued + Nil rated/ Exempted! Non GST + Amendments for prior period .10: Explain the importance of GSTR-1 to recipient of supply? ‘Ans.: As per Sec 37(2) (read with rule 59(3) and 59(4) Jof CGST Act- }) Communication to the recipient :- The details of outward supplies for a month furnished by the supplier are communicated and made available electronically (auto populated) to the respective recipients) in Part A of Form GSTR- 2A/GSTR 2B/Form GSTR-4A (in case of registered person opting for composition levy) through the common portal after the 10th day of the succeeding month (due date of fling of GSTR-1). il) Modification by the recipient - a) The recipientis provided an opportuity to add, correct or delete such details in a two-way ‘Smart Academy www.vsmartacademy.com, CAVishal BhattadBSTC ates 5 ‘communication process. After such modifications, recipient files the details of inward Wass supplies in Form GSTR-2 by 15th day of that month. b) The details of inward supplies added, corrected or deleted by the recipient in Form GSTR-2/Form GSTR-4 (quarterly return for registered person opting for composition levy)are made available to the supplier electronically in Form GSTR-1A through the ‘common portal c) The supplier may either accept or reject the modifications made by the recipient between 15th day and 17th day of that month. il) Amendment in GSTR- 1 :- If supplier accepts the modifications made by the recipient, GSTR- furnished earlier by him gets amended accordingly Rule -60. Form and manner of ascertaining details of inward ‘supplies.- Details in GSTR - 2A (1) | The details of outward supplies furnished by the supplier in FORM GSTR~1 or using the IFF shall be made available electronically to the concemed registered persons (recipients) in PartAof FORM GSTR-2A, DinFORMGSTR-4A and > in FORMGSTR-6A through the common portal, as the case may be. (2) The details of invoices furnished by an non-resident taxable person in his return FORM GSTR-S underrule 63 shall be made available to the recipientof credit D inPartAofFORM GSTR 2A electronically through the common portal (3) | The details of invoices furnished by an Input Service Distributor in his return in FORM GSTR-6 under rule 65 shallbe made available othe recipientof credit ‘DinPart of FORM GSTR2A electronically through the common portal (4) | The details of tax deducted at source furnished by the deductor under sub- section (3) of section 39 in FORM GSTR-7 shall be made available to the deductee inPart C of FORM GSTR-2A electronically through the common portal (6) The details of tax collected at source furnished by an e-commerce operator under section 52in FORM GSTR-8 shall be made available tothe concerned person > inPartC of FORM GSTR 2A electronically through the common porta (6) | The details of the integrated tax paid on the import of goods or goods brought in domestic Tarif Area from Special Economic Zone unit or a Special Economic Zone developer ona illofentry shall be made available DinPartD of FORM GSTR-2A electronically through the common portal Details in GSTR + 2B (7) | An auto-drafted statement containing the details of input tax credit shall be made available to the registered person in FORM GSTR-2B, for every month, electronically through the common portal, and shall consist of— (\) | the details of outward supplies furnished by his supplier, other than a supplier required to furnish return for every quarter under provisoto Sec39(1),in FORM GSTR-1, between the day immediately after the due date of funishing of FORM GSTR- forthe previous month tothe due date of fumishing of FORM GSTR-1 forthe month CAVishal Bhattad {© 09850850800 www.vsmartacademy.com V'Smart Academythe details of invoices furnished by a non-resident taxable person in FORM GSTRS and 2 details of invoices furnished by an Input Service Distributor in his return in FORMGSTR-6and 2 details of outward supplies furnished by his supplier, required to furnish return for every quarter under proviso to Sec 39(1), in FORM GSTR~1 or using the IFF, asthe case maybe,- (@) for the first month between the day immediately after the due date of ofthequarter furnishing of FORM GSTR-1 forthe preceding quarter to the due date of furnishing details using the IFF for the first month of the quarter; Students Notes (0) for the second between the day immediately after the due date of month of the fumishing details using the IFF for the first month of the quarter, quarter to the due date of furnishing details using the IF forthe second month ofthe quarter; (0) for the third! between the day immediately after the due date of month of the fumishing of details using the IFF for the second month of quarter, the quarter to the due date of fumishing of FORM GSTR+ forthe quarter, (i) the details of the integrated tax paid on the import of goods or goods brought in the domestic Tarif Area from Special Economic Zone unit or a Special Economic Zone developer on abill ofenty in the month (8) The Statement in FORM GSTR-2B for every month shall be made available to the registered person,- (i) forthe first and second month of a quarter, a day after the due date of furnishing of D details of outward supplies for the said month, in the IFF by a registered person required tofurish return for every quarter under proviso to Sec 39(1), or ‘D inFORMGSTR-1 by registered person, other than those required to fumish relum for every quarter under provisoto Sec39(1), whicheveris later (i) inthe third month ofthe quarter, a day after the due date of furnishing of details of outward supplies for the said month, in FORM GSTR-1 by a registered person required to furnish return for every quarter under proviso to Sec 39(1). Pe ITC Statement Period For a particular month For a particular Period Tei cacu Cees (5 Nature of statement |Dynamic, as it changes from| Remains static or constant, as| Jday to day and when the] the GSTR-28 for month cannot supplier uploads the| change based on future actions Jdocuments. ofthe supplier Source of information | GSTR- 1, GSTR-5, GSTR-6 | GSTR- 1, GSTR -5, GSTR-6 GSTR-7, GSTR-8 Icegate System im C on import of goods |Doesnotcontainthese details |Contains ITC on Import of] ‘goods as obtained from icegate system [Available from GSTR - 28 of August 2020 onwards} V'Smart Academy www.vsmartacademy.com, CAVishal Bhattad {09850850800Students Saeko aNS (1) | Every registered person, otherthan ‘> an Input Service Distributor or > anon-resident taxable person or ‘2 aperson paying tax under the provisions of section 10 or > section 51 or section 52 shall, forevery calendar month or part thereof, furnish, a return, electronically, of inward and outward supplies of goods or services or both, > inputtax credit availed, ‘> taxpayable, ‘2 tax paid and ‘> such other particulars, in such form and manner, and within such time, as may be prescribed: Proviso | Provided that the Government may, on the recommendations of the Council, notify certain class of registered persons ‘2 who shallfurnish a retum for every quarter or part thereof, ‘> subject to such conditions and restrictions as may be specified therein. Weds (2) Aregistered person paying tax under the provisions of section 10, shal, for each financial year or part thereof, fumish areturn, electronically, 2 oftumoverin the State or Union territory, ‘> inward supplies of goods or services or both, Dtaxpayable, taxpaidand such other particulars in such form and manner, and within such time, as may be prescribed. CAVishal Bhattad {© 09850850800 www.vsmartacademy.com V'Smart AcademyRule -61. Form and manner of furnishing of return.- ST ea Notes (1) | Every registered person, otherthan D OIDAR service provider uls 14 of GSTAct, 2017 > an Input Service Distributor or > anon-resident taxable person or 2 aperson paying tax under the provisions of section 10 or section 1 orsection 52 shall fumish a return in FORM GSTR-3B, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner, as specified under— i, [Person specified] foreach month Jon or before the 20th day uls 39(1) or part thereof | of the month succeeding such month .d| for each quarter|on or before the date mentioned i ii] Person speci m in proviso to sec| OF part thereof the corresponding entry in column (3) 39(1) (eligible for lof the said Table QRMP scheme) S.No.| Class of registered persons Due Date 1 z 3 1 | Registered persons whose principal place ofbusinessisin | 22 day of the the States of Chhattisgarh, Madhya Pradesh, Gujarat, | month Maharashtra, Kamataka, Goa, Kerala, Tamil Nadu, | succeeding Telangana, Andhra Pradesh, the Union territories of| such quarter. Daman and Diu and Dadra and Nagar Haveli, Puducherry, ‘Andaman and Nicobar Islands or Lakshadweep. 2 _ | Registered persons whose principal place of business isin the Slates of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Sengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi 24 day of the month succeeding such quarter. (2) | Every registered person required to furnish return, under sub-rule (1) shall, discharge his liability towards tax, interest, penalty, fees or any other amount payable under the Actor the provisions ofthis Chapter by debiting the electronic cash ledger or 2 electronic creditledgerand include the details in he returnin FORM GSTR-3B. (3) Every registered person required to furnish return, every quarter, under clause (i of subrule (1) (2. a person opting for QRMP Scheme) shall pay the tax due under provisoto Sec39(7), for each of the first two months of the quarter, by depositing the said amount in FORM GST PMT-06, by the 25th day of the month succeeding such month: Proviso| Provided that the Commissioner may, on the recommendations of the 1 Council, by notification, extend the due date for depositing the said amount in FORM GST PMT.06, for such class of taxable persons as may be specified Proviso FY8vidéd further that any extension of time limit notified by the Commissioner of 2 State tax or Union territory tax shall be deemed to be notified by the Commissioner: ‘Smart Academy www.vsmartacademy.com, CAVishal BhattadBSTC ates Proviso Provided also that while making a deposit in FORM GST PMT-06, such a 3. registered person may— {@) forthe first month of the quarter, take into account the balance in the electronic cash ledger. (b) for the second month of the quarter, take into account the balance in the electronic cash ledger excluding the tax due forthe first month, Weds (4) The amount deposited by the registered persons under sub-rule (3) above, shall be debited while fling the return forthe said quarter in FORM GSTR-3B, and any claim ‘of refund of such amount Iying in balance in the electronic cash ledger, if any, out of the amount so deposited shall be permitted only after the return in FORM GSTR-3B for the said quarter has been fled 61A. -Manner of opting for furnishing quarterly return.- (1) | Every registered person intending to furnish return on a quarterly basis under proviso to ‘Sec 39(1), shallin accordance with the conditions and restrictions notified in this regard, indicate his preference for furnishing of return on a quarterly basis, electronically, on the ‘common portal, from the 1st day ofthe second month ofthe preceding quarter til the last day ofthe first month ofthe quarter for which the option being exercised Proviso [Provided hat where such option has been exercised once, the said registered 4 [person shall continue to furnish the return on a quarterly basis for future tax periods, unless the said registered person, (@) becomes ineligible for furnishing the return on a quarterly basis as per the conditions and restrictions notifiedin this regard; or (b) opts for furnishing of return on a monthly basis, electronically, on the ‘common portal Proviso |Provided further that a registered person shall not be eligible to opt for 2 {furnishing quarterly return in case the last return due on the date of exercising such option has notbeen furnished, (2) Aregisteredperson, whose aggregate tumoverexceeds 5 crore rupees during the current financial year, shall opt for furnishing of return on a monthly basis, electronically, on the common portal, from the first month of the quarter, succeeding the quarter during which his aggregate turnover exceeds 5 crore rupees. CAVishal Bhattad {© 09850850800 www.vsmartacademy.com V'Smart Academy0 Cac) LEP SST aiNeg rene Ducatpnmnaten Every registered person |Shall pay to the Government the tax due as per such uls 39(1) return not later than the last date on which he is required to furnish such return Every registered person | shall pay to the Government, the tax due taking into account furnishing return under | > inward and outward supplies of goods or services or the proviso to sec 39(1)| __ both, {ie person opting for | Dinputtax credit availed, QRMP scheme) ‘Stax payable and ‘D such other particulars during a month, in such form and manner, and within such time, as~ may be prescribed Every registered person |shall pay to the Government, the tax due taking into uls 39(2) (Person opting |account for composition |>turmoverinthe State or Union territory, scheme) > inward supplies of goods or services or both, > taxpayable, and 2 such other particulars during a quarter, insuch = form (CMP-08) manner, (Quarterly) within such time, (18th of next month) as may be prescribed Notification No. 85/2020 - Central Tax New Delhi, the 10th November, 2020 the registered persons, ‘D notified under proviso to Sec39(1), ‘who have opted to furnish areturn for every quarter or part thereof, as the class of persons who may, in first month or second month or both ‘months of the quarter, follow the special procedure such that the said persons may pay the tax due under proviso to Sec 39(7) ofthe said Act, by way of making a deposit of an amountin the electronic.cash ledger equivalentto, - (1) 35% of the tax liability paid by debiting the electronic cash ledger inthe retum for the preceding quarter where the retumis furnished quarterly; or {ij the tax libility(100%) paid by debiting the electronic cash ledger in the retum for the last month ofthe immediately preceding quarter where the retum is furnished monthly: Provided that no such amount may be required to be deposited- (a) ‘or the frst month ofthe quarter, where the balance in the electronic cash ledger or electronic credit ledger is adequate for the tax liability for the said month or where there is nil tax liability (b) forthe second month of the quarter, where the balance in the electronic cash ledger or electronic credit ledger is adequate for the cumulative tax liability forthe first and the second month of the quarter or where there is niltax liability: Provided further that registered person shall notbe eligible for the said special procedure unless he has furnished the return for a complete tax period preceding such month, For the purpose of this notification, the expression “a complete tax period” means a tax period in which the person is registered from the first day ofthe tax period til the last day ofthe tax period. V’Smart Academy wwwvsmartacademy.com CAVishal Bhattad (® 09850850800igibilty fo Aregistered person ‘hoi required furnish return in FORMGSTRAB, and ‘> who has an aggregate turnover of up to %5 crore financial yea, iselgbleforthe GRMP Scheme in the preceding ERT Note = Its clarified that the aggregate annual turnover for the preceding financial year shall be calculated in the common poral taking into account the detals furnished in the rtums by the taxpayer forthe tax periods inthe preceding nancial year LO ACEI From ‘st Jan 24 On or after 1st Jan 21 Some classes of Taxpayers are by default nthe teri of tis scheme are aulomatcally redeectd in tis scheme, This bfurcaton ofthe classes ofthe taxpayers year, Regalered persons having agregat| artery lunoverof pio 1S cerewro | retum Registered parsons having sgregte| Quarterly Note 1 The tapayers are suggested Toe ret or Detour 2020 n November Note 2: Such registred persons are free to change the option as above, if they so desir, from Sih of December, 20200 31st of danuary 2021 Dana uy, > Faailly to avail the Scheme ‘on the common portal would be available throughout the ‘> Aregistored person can optin for any quarter from frst day| have furnished FORM GSTR- (QRMP- of second month of preceding ‘Value of supply in IFF shall not exceeds © 50 lakhs The said] qarerybossin eC. sehume) |] quarter tothe last day ofthe J | geal of outward suptes shal however, at exceed the value —— SS frst month ofthe quarter. ftylathapoosineaeh moth, tiroverofupioetscare who | Ratan’ || For example: A registered person avo umised FORM GSTR1 on | (NoGRMP | itending to aval of be Scheme for| | [No Detals of previous month nF = tmay be noted hat ar monthly basis inthe CY. scheme) |} the quarter July to September can | | | 13th ofthe month, his fality fr furshing IF fr previous month ‘exerise is opin dung tstof May 5 Jiumovermere tan €1Scrae | Retum || to3tstotJuy. sdipioScoerpeesinbe ry. | (aku |) thes execng is ptonan ate scheme) [| July for the quarter (July to ‘Soptember) in such cas, he must have furished the retum for the month of dune which was due on T]| | Particutars| 1st Month | 2nd Month] End of Quarter Deals of FF FF STR utward suppes| (optional) | (optional) (compulsory) 1 Ty Due date ssthot ‘of succeeding | of sueceein ftumish | of#¥eeeeding | of succeeding | next month woul notbe available [Continuous upload of involees:- As a facitaton measur, comtinuous uplead of invoices would also be provided forthe registered persons wherein they can save th invoices in IFF rom in tsiday ofthe mont 13h day ofthe succooding month Detals of IF to reflected in GSTR-2A & 28 :- The fect of furishing deals of invoices in IFF has been provided so 28 to alow dotals of sucn suppl tobe duly reflected inthe FORM. Important Comments :- JGSTR-2hand FORM GSTR-28ofthe concemedrecipent tne saidoption 1) [Registered persons are not required to exercise the option every quarter. |Wnere such option has been exercised once, they shall continue to furish| Ihe rotum as per the selected option for future tax periods, unless they revise| For cxamplo, a registered person who has avaled the Seren] ris to declare wo inveces out ofthe total tan ivoins sued i first ont of quarter since the recent of supplies covered by} 18e wo voices daieste aval TC in that month sl Data of 2) [AI persons who have oblained registration during any quarter or the registered persons opting out rom paying tax under Section 10 ofthe CGST| JAct uring any quarter shall be able to opt forthe Scheme forthe quarter fo | wtichhe opting act is avaliable onthe date of exercising option as in para 3) [Iti further clanfied thatthe option to availthe ORMP Scheme is GSTIN wise land therefore, distinct persons as defined in Section 25 of the CGST Act (diferent GSTINs on same PAN) have the option to avail the RMP Scheme| or one or more GSTINs. In other words, some GSTINs for that PAN can opt forthe GRMP Scheme and remaining GSTINs may notopt forthe Scheme. ese to invoices may be fished usng IF. The dell of tha] femaining 8 invoices shall be furished in FORM GSTR-t of te] aid quare, “The two invoices furished in IF shall be reed i FORM GSTR.28 ofthe concerned recpient ofthe fst moth ote] uater and remaining eight invicesfurshed in FORM GSTR-4 hallbe elected in FORM GSTR-2B ofthe concemed recpent of lastmonthof the quater ‘The said faclly wouldhoweverbeavalabl, say forthe] Jronth of July rom fst August tl 13th August. Sima, forte] Jronth of August, the sad facity wil be avaiable fom tsi eptember 3h September, Voluntary Silay, the ecily fr opting out of he seheme fora quar wilbe avaible rom Compulsory tothe las day ofthe frst month ofthe quar. coptout ofthe Scheme, Cy eR Remy iis re-terated that any taxpayer whose aggregate tumover has exceeded 5 core frst day of second month of preceding quarto | rupees inthe nancial year 2020-21, shall Detals given in FF not required tobe given again n GSTR-1 = The deals ofinvocesurishedusing the saifacltyin tho rsl wo mantys are notrequredto be furished again inFORMGSTR-| Accordingly, he dela of outward supplies made by such a registred person dung a quarter shall consist of deals of invoices fuished using FF fr each ofthe firstwo months anathe details of voices umishedin FORMGSTR-1fortne quate. [his option, a egistred person may choose to fish the details of outward supplies made during a quater in FORM [STR onl, withoutusingthe FF CAVishal Bhattad {© 09850850800 wwwysmartacademy.com v'smart AcademyTed TSS SCC Tee) ee eu ‘> The QRMP Schemeis the best move tha il provide some grea benefits forte smalltaxpayers. 2} Thiswillbea great move for both the Small Tax Payers as wel a the Big Tax Payers who arelosing alata credits due tonon-eflection of invoice entries inGSTR-2A {2 The reason or isis many suppliers are filing GSTR-1 quarter. ‘2 Heng, this willeventualy ead to saving both time and money. ‘> Also, a8 per the Government Perspective, this scheme is expected to reconnect the revenue leakages and frauds as it would be surely decreasing the fake invoicing and fake inouttax credit Hence tcan be said that afer the successfulimplementalion ofthis scheme itwould be a win-win situation forall, Particular) tat Month | 2ndWonth] End of |} DueDstes forthe Guar fing GSTR-38: aurter_|} [Sno] ustesstresponons — ee Regiteredpesons whose penal place Touaesss inthe Sales Papa patos | patos] pur-oe |] | + [Sasaccesrmmmtesccpuees deren Que [2 da ofthe haan Goa, Kerala, Tamil Nadu, Telangana, Andiva Pradesh, the Union| nee ogi femiores of Daman and Diu and Dadra and Nagar Havel, [Succeeding Due date zt 2th song Pusucery Andaran and NeabarislandsrLakshadweep, —__|SHCh quarter. ct succeeding | of sueceeaing | wih retin lotPayment | otsuceee veceed 7 | Registrepersons whose princi lon obusnssisin tno Stats [24 day ofthe of Himachal Pradesh, Pure, Utarathand, Hanans, Rejasthan | month he sad person can use any of Uitar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, | ve voedin the following two options Manipur, Mzoram, Tipua, Meghalaya, Assam, Vest Bengal, 3 lprovided below for monthly Jharkhand or Odisha, the Union tetas of Jammu and Kashmir, SUM payment of tx during the frst Ladakh, Changer Deki quarter {womonths— Pareeean PS eT Paymentollaxinthe istandthe 2ndmonthof te quarter Here te taxpayer can pay the tax ably by considering the tax labile on inward ‘and outward supplies andaspertho TC avalabe onto trnshed GETS [5% ota pid ease Cash ‘The taxpayer has to manually pay the tax ibility forthe month and has to carter for the lst quarter |Leager) in the preseding| | | Pay tho same in form GST PMT-06, The approximate payable tax fr every month quater canbe viewedwit the help of Form GSTR-2B, | Whoturished GSTR-38_|100% of ax paid in cath in|| | Thereare certain conditions whereno taxneeds to be paid: roriy dung the lat the last month of the|| |+‘stMonth of Quarter: The taxlabiltyis Ni. OR The balance in the electronic cash quater immediately preeesing quar | | ecgerisadequat forte tax ibility forthe same month The alncng aroun fax tobe pain Be ed month + 2nd Month of Quarter: The taxlabiltyis NL OR The balance in he electronic cash ledger is adequate forthe cumulative tax lbity forthe IThst two months of he Example uate ty case the ast tur fled was on quarry Basis Yr] Yinaraat Payment» noon a payable undo tis aod Tor any Sar payment of Faxpadin Cashin Quarter | Taxrequied tobe pain acy | [in ‘stand 2nd month January Maren, 2021) | of ba mans Apel and May, 21 ae a emer He oe Interest pyment under QRMPScheme ‘SST 700 SST S| [Bene] Scenario Inerest tobe paid TST 500 TST 1 + | Tax lability mentioned in pre-led form 18% of the tax lability (rom Coss 30 Coss 118 GST PNT-06 isnot paid by 25th of the| 26th ofthe folowing month ti FESS HATO TET WS TEN OFT FATE TCH folowing month tha date of payment) [expec Cashman, | Taxrequrediobe paneer] | 2 | The final tax fabilty for the frst wo] 18% of the tax fabilty (tom 202 ofthe month Ap and May, 21 monthsis higher than the tax amount paid] GSTR-3B due date" tithe date (cesT acest 3 through prefled form GST PMT-06, and] of payment) SST 30_[s¢st 30 such excess liability has not bean paid IssT @__[_Ksr #0 within the quarterly GSTR-3B due date zd = zo = Interesttobe paid Note:- No Intorest but interests payable if payment is made after due dato of filing return st = ii ¥ ‘ampounlofRs. 100-incash as tax ably nthe previous quater of October to December He opts to pay lax under fixed sum method. He therefore pays Re, 35!- each on 25th February and 25th March for discharging tax ably forte firs wo months of quar iz Janwary and February. his return forte quarter, tis found tha aby, based onthe ‘ouward and inward supplies, for January was Rs. 40 and for February twas Rs. 42. No interest would be payable forthe lesser amount of tax (.e. RS. 5 and RS. 7 respecivay discharge in these two months provided tal he discharges his entre Ibi forthe quarterin he FORM GSTR-3B ofthe quarter bythe de ate. Ilustration 2 -Aregistered person, who has opedforthe Scheme, had pada {otal amount of 100 n cash as x billy in tne previous quarter of October to December He ops lo pay tax under xed sum method. He therefore pays Rs. 35- each on 25th February and 25t» Mach fo ischarging tx ably for he first two months of quarter vz January and February. nhs tur forthe uate, itis found that tla laity forthe quarer net of avaabe credit was Rs. 125 but he fs the return on 36th Apr Interest would be payatle a, ‘applicable rate on Rs. 5 Rs. 125-Rs. 70 (deposit madein cash edgerin ‘and M2}|orthe perodbetween due ae of quarterly GSTR3B and 30h Apri V’Smart Academy wwnw.vsmartacademy.com CAVishal Bhattad {09850850800Sar antes Nae23 First Return and precaution for Returns .13: Explain the provisions pertaining first return & to whomis it applicable? ‘Ans. As per Sec 40 of CGST Act, Every registered person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall declare the same in the first return furnished by him after grant of registration. During the intervening period, such person mighthave made the outward supplies, so in order to enable such person to declare the taxable supplies made by him for the period between the date on which he becomes lable til the date of grant of registration, Thus frstreturnis to be fled sothatITC can be availed by recipient on such supplies. Analysis: ‘> Supply made during the period when he lable for registration fil the date of registration certificate can be declaredinthe Frstretum file alter grant ofregistration ‘2 lnorderto enable such registered person to declare the taxable supplies made by imforthe period between the date on which he became liable toregistrationtilthe date on which registration has been granted so that/TC can be availed by the recjpienton such supplies, 2 Firstly, the registered person may issue revised ta invoices against te invoices already issued during said ‘period within 1 mont from the date ofissuance ofcertfcate ofregistaton ® Further, section 40 provides that registered person shal dere his outward supplies made during said period inthe first retum fumished by him ater grant of registraton. The format for this returns the same as thatforegulrretum. Example : Mr Risa supplier of goods located in New Delhi and provides the following facts in relation to his business > Dateon which Mr Rbecameliable forregistration under GST 06/08/20%X >Date offing of application forregistration 15108/20xx >Date ofgrantof registration certiicate 18108120%X > Effective date ofregisration Date on which Ramesh becameliableasapplcation | 06/08/20XX filed within 30 days ofbecoming able for registration > Due date of fling of First Rotum after seeking registration to taxpperiod August 20XX Return Pertaining 20109'20XX ‘Mr R shall, basides declaring te detalls of taxable supplies effected aller 1@108/20XX, also declare the detals ‘of outward supplies effected during the period 06/08/20XX to 18/08/20XXin his First Return tobe furished by 20109/20XX CAVishal Bhattad {© 09850850800 www.vsmartacademy.com V'Smart AcademyBSTC. antag Q.14: What are the precautions that a taxpayer is required to take for a hassle free compliance under GST? Ans. 41) One of the mostimportant things under GST is thetimely uploading of the details of outward suppliesin GSTR-1 by 10th of next month, 2) Ifthe number is small, the taxpayer can upload all the information in one go. However, ifthe umber of invoices is large, the invoices (or debit/credit notes) should be uploaded on a regular basis, 3) GST common portal allows regular uploading of invoices even on a real time basis Therefore itwould always be beneficial forthe taxpayers to regularly upload the invoices, 4) To ensure that taxpayers follow up on uploading the invoices oftheir inward supplies by their supplies. This would be helpful in ensuring thatthe ITC is available without any hassle and delay. Notes V'Smart Academy www.vsmartacademy.com, CAVishal Bhattad {09850850800Sar antes Nae23 Annual Return (Sec 44) Q.15: Who are required to furnish Annual Return and whatis the due date and prescribed form for annual return? [Section 44(1) read with rule 80] Ans.: ee) person Not required m ee) Rest (yaar regi rson required (yaar to file GSTR. Person | Regulartaxable Person | Composition Taxable person Form GsTRe GSTRAA Due date| 31st Dec ofthe next F. ¥, (commissioner can extent time lint for furshing annual return). sportant Point collection at sources required to fill Annual Statement as per provision of section 52 Q.16 : Who is required to furnish a Reconciliation Statement? [Section 44(2) read with section 35(5) and rule 80(3)] Ans.: (\) Every registered person must get his accounts audited by a Chartered Accountant or a CostAccountantifhs aggregate turnover during a FY exceeds ‘2 crores. (i) Such registered person is required to furnish electronical through the common portal alongwith Annual Retum a copy of ‘Audited annual accounts >AReconciliation Statement, duly certified, in prescribed form Reconeiliation Statement will reconcile the value of supplies declared in the return furnished for the financial year withthe audited annual financial statement and such other particulars, as may be prescribed “Provided that forthe financial year 2018-2019 and 2019-2020, every registered person whose aggregate turnover exceeds “5 crore shail get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR- 9C for the said financial year, electronicaly through the common portal either directly or through a Facilitation Centre notified by the Commissioner.” The persons who are foreign company, shall not be required to furnish reconciliation statement in FORM GSTR- 9C to the CGST Rules, 2017 section 44(2) of the CGST Act read with rule 80(3) of the CGSTrules Provided that a statement of receipts and payments for the financial year in respect of its Indian Business operations, duly authenticated by a practicing Chartered Accountant in india or a firm or a Limited Liabiity Partnership of practicing Chartered Accountantsin Indiais submitted for each GSTIN by he 30th September ofthe year succeeding the financial year CAVishal Bhattad 09850850800 www.vsmartacademy.com V'Smart AcademySec 45 : Final Return SSAA tad Q.17: Who are required to furnish Final Return? [Section 45 read with rule 81] ‘Ans.: Every registered person whois required to furnish return uls 39(1) and whose registration has been surrendered or cancelled shall fle a Final Return electronically in Form GSTR-10 through the common portal Nats Q.18: Whatis the time-limit for furnishing Final Return? [Section 45] Ans.: FinalReturnhas tobe fled within 3 months ofthe: (i)date ofcancellaton or {i date oforderof cancellation whicheveris later. [Comment -Cancelation ofregistration does natin any way the affect the lability ofthe tax payer to pay any dues under GS law, respective of whether such due have been determine before oratterthe date otcancellation Example : Mr Ral to registration november 2018 due tothe health issue he discontinue the business ‘rom December 2020, he apply for cancellation of registration in February 2021. Proper officer order the cancelation in March 2021 and mention cancelation willbe effective from April 2021. Once Mr. Raj Aischargedallhis past dues. ‘Ans.: Final Returhastobe fled within months ofthe date ofcancelaton Apri21 (July, within3 months from Aprl21) (i) date oforderofcancllation March 2 (2. June21, within 3 months from March 21), whicheverislater Therefore, Mr Rfledtinalrtum upto July 2021 Sec 46 & 47: DEFAULT IN FURNISHING RETURN Q.19 : What are the consquences if return is not filed withing due date? [Section 46 read with section 52 andrule 68] Ans.: Notice to return defaulters :Anotice in prescribed form shallbe issued, electronically, toa registered person who failstofumish return under ‘ section 39 Normal Return] or > section 44 Annual Return] or > section 45 [Final Retumnjor 2 section 52[TCS Statement] xd person to furnish the return within 15 under section 62, based on th material available with the proper officer. In addition totax so assessed, applicable interest and penalty will also be payable. Q.20: Whatis the Late fee levied for delay in filing return ? [Section 47(1)] ‘Ans.: Any registered person who fails to furnish following by the due date: (A) Statement of Outward Supplies [Section 37] (C) Returns [Section 39] (8) StatementofInward Supplies Section 38] (0) Final Return (Section 45], 00 or very day dung hich sun aire conines. —| [ “500 Late fees for annual return : Any registered person who fails to furnish the annual return required under section 44 by the due date shall be iableto payalate fee asunder 100 (Soe ‘day during wich such (Soe continues. Rw | iceerisioner 0.25% ofthe tumover ofthe (eee | person inthe State/Unioin (eee | ‘Comment :- Late fees wil be double [Analysis] : Since aforesde fee is specified u's 47 of CGST, an equal {elpenally wouldbe leviedunder corresponding provision of SGSTIUTGSTActand therefor, fe wilbe doubled V'Smart Academy wwwvsmartacademy.com CAVishal Bhattad —€ 09850850800BSTC antag Weds Issue :- What are the appropriate procedure to be followed in case of non- furnishing of return under section 39 or section 44 or section 45 of the CGST Act, 2017 Legal provision:~ Section 46 of the CGST Actread with rule 68 of the CGST Rules, 2017 requires issuance of a notice in FORM GSTR-3A\to a registered person who fails to furnish retum under section 39 or section 44 or section 45 requiring him tofumish such return within 15 days, section 62 provides for assessment of non-flers of return of registered persons who fails to furnish return under section 39 or section 45 even after service of notice under section 46 CLARIFICATION:- No separate notice is required to be issued for best judgment assessment under section 62 and in case of failure to file return within 15 days of issuance of FORM GSTR3A, the best judgment assessment in FORM ASMT-13 can be issued without any further communication. Following guidelines are hereby prescribe to ensure uniformity in the implementation ofthe provision 2 System generated message would be sent to all registered persons 3 days before the due date offing returns. Once the due date for fling GSTR-3B passes, a system generated email or message would be sent to all defautters (ie. to all the authorised persons as well as the director / partner proprietor, eto.) 2 5 days affor the due date of furnishing the return a notice in GSTR-3A shall be issued electronically tol the defaulters asking them to fumish such retum within 15 days. 2 Ifthe said returnis not fled within 15 days, the Revenue Authorities may startto assess the taxliabilty on best judgementbasis taking nto account the information available gathered and issue order in GST ASMT-13. The Revenue Authorities would then be required to Upload the summaryin GST DRC-O7. 2 In order to assess the aforesaid tax iabilly, the Revenue Authorities may take into account the details of outward supplies as per GSTR~1, details of inward supplies auto-populatedin GSTR-2A, information available from e-vvay ills, or any other information available from any other sourceincluding inspection at business premises. > Ifa valid return is furnished within 30 days of the service of aforesaid assessment order, the said assessment order shall be deemed to have been withdrawn. Else, recovery proceedings could be initiated. > In certain cases, the Commissioner may resort to provisional attachment of property to protect revenue, before issuance of orderin GSTASMT-13. > Proper officer may also proceed to cancel the GST registration in cases where the return has notbeen furnished forthe period specifiedin section 29 CAVishal Bhattad {© 09850850800 www.vsmartacademy.com V'Smart AcademyStandard Operating Procedure Naas Notes To all the registration person, a system generated message would be send 3 days before the due date Immediately after the due date of retum u/s 39 is over, a system generated message/mail would be sent to all defaulters 5 days after due date of retum, issuance of notice to defaulters in Form GSTR -3A to furnish retum u/s 39 within 15 days [—T Ifretum still not filed within 15 days :- If Return filed :- Best Judgement Assessment (BJA) u/s 62 would No Further action be initiated (BJA on the basis of details provided in FORM GSTR-1, GSTR -2A, E-Way Bills, ‘or any other information) + Issueance of assessment order in FORM GST ASMT - 13 & upload the summary thereof in FORM GST DRC - 07 Assessee files Retum within 30 days [7] Return filed if assesse fails to furnish valid reason within 30, The said assessment order days :- Proper Officer initiate proceeding shall be deemed to be withdrawn uis 78 & 79 V’Smart Academy wwwvsmartacademy.com CAVishal Bhattad (09850850800Naas Peer, Corr erer nares airs Weds Q.21: Explain the concept of GST Practitioners ? ‘Ans.: A registered person may authorised an approved GSTP to fumish information, on his behalf, tothe Government. GSTNwil provide separate user ID and Password to GSTP to enable him to work on behalf ofhis, clients without asking for their user ID and passwords. They can do all the work on behatf of taxpayers as allowed under GST Law. A taxpayer may choose a different GSTP by simply unselecting the previous one and then choosing anew GSTP on the GST portal Q.22; What re the activities which can be undertaken by aGSTP? ‘Ans. Agoods and services tax practitioner can undertake any or all ofthe following activities on ‘behalf of aregistered person, ifso authorised by him to- €@) Furnish Jb) Furnish details of | monthly, ) Make Fle an epost for|inimation fo pay | l8im | application |information | application for cutward | annual or | creditint | "taxundertne | for | for amendment or andinward) fal) electronic | composition | fund | registration [generation | cancotion of supplies | amendment enrolment under vita from cancelition | e-way ill | rue 58 the said scheme Confaton fom the registered person shall be sought ‘Aso allowed to appear as authorised representative before any officer of Department, Appellate Authority or ‘Appellate Trbunal, on behalf of such a registered person provided he is enrolled as GSTP under rule 83. Q.23: Whatis the eligibility criteria for GSTP? Ans.:. GSTP shall apply for registration in FORM PCT-01 electronically on common portal following ae the eligibility teria Retired officer of commercial tax Department of any Slate (GovLICBIC who, during service under Government had ‘worked in apostnot ower than the rank of Group-3 ‘gazed officer for paid 2years ‘APerson whois Errol as a Sales Tax Practitioner or Tax Roturn Preparor under the earior indirect tx law fora period of not ess than years Has aquired any ofthe prescribed qualfcatons ‘2 graduate or postgraduate degree oris equivalent ‘examination having @ degree in Commerce, Law, Banking including Higher Audting, or Business ‘Administration or Business Management fom any Indian Universty established by any law forthe time being inforce or {a degtee examination of any Foreign University recognized by ny Indian Unis as equivalent othe Any registered person may give consent and authorise a GST practitioner in the prescribed form by listing the authorised activities in which he intends to authorise the GST practitioner. > _The registered person authorising a GSTP shall have to authorise in the prescribed form and the GST practtioner will have to accept the authorisation in Part B ofthe same form. > The GST practitioner shall be alowed to undertake only such tasks as indicated in the prescribed form. The registered person may, at any time, withdraw such authorisation in the prescribed form > _Anystatementfumished by the GST practitioner shall be made available to the registered person on the GST Common Portal. For every statement furnished by the GST practitioner, a confirmation shall be sought from the registered person over email or SMS. > The GST practitioner shall prepare all statements with due diligence and affix his digital signature on the statements prepared by him or electronically verify using his credentials > {fthe GST practitioner is found guity of misconduct, his enrolment willbe lable to be cancelled and a show cause notice would be issued to him, V'Smart Academy www.ysmartacademy.com CAVishal Bhattad {09850850800BSTC antag Weds Manner of furnishing of return or det service facility(Rule67A) ils of outward supplies by short messaging Lr Te eeay Notwithstanding anything contained in this Chapter, for a registered person who is requitedto furnish > aNiretum under section 39 in FORM GSTR-3B or © aNildetails of outward supplies under section 37 in FORM GSTR-1 or > aNilstatementin FORM GST CMP-08 forataxperiod, any reference to electronic furnishing shall include furnishing of the said return or the details of outward supplies or statement through a short messaging service using the registered mobile number and the said retum or the details of outward supplies or statement shall be verified by a registered mobile ‘numberbased One Time Password facility. Explanation, - For the purpose ofthis rule, aNilretumn or Nl details of outward supplies or Ni statement shall mean a return under section 39 or details of outward supplies under section 37 orstatement under rule 62, fora tax period thathas nil orno entry in allthe Tables in FORM. ‘GSTR-3B of FORM GSTR-1 or FORM GST CMP-08, as the case may be.” EA CAVishal Bhattad § 09850850800 www.vsmartacademy.com V'Smart AcademyV'Smart Academy www.vsmartacademy.com CA Vishal BhattadThe following Section of this chapter are not applicable Nov 21 And May 22 exam as per ICAI clarification. Section 38, 41, 42, 43. Thus will not be taken in class now. If in future ICAI includes this in the syllabus then this part of session will be posted on Vsmart channel of Youtube also on the update link i.e. www.vsmartacademy.com/vishalsir v'smart Academy CAVishal Bhattad {© 09850850800 wwwvsmartaca demy.com,V'Smart Academy www.vsmartacademy.com CA Vishal BhattadCAVishal Bhattad www.vsmartacademy.com V'Smart Academy