Friends , Lot of questions are available in public regarding GST. Govt. has provided answers of some general Questions of GST in the interest of Public which are given below. A registered or to be registered dealer should read below FAQ's of GST to know regarding GST.
Introduction
1. Who is required to file the GSTR 1?
Every registered taxable person, other than an
input service distributor/compounding taxpayer/TDS Deductor/TCS Collector is
required to file GSTR 1 electronically the details of outward supplies of goods
and/or services during a tax period.
2. Is GSTR 1 filing mandatory?
GSTR 1 needs to be filed even if there is no
business activity (Nil Return) in the tax period.
3. What are the available modes of filing GSTR 1?
GSTR 1 can be filed using the following modes:
1. GST Portal
2. GSTN Returns Offline Tool
3. GST Suvidha Providers (GSPs)
4. What is GSTR 1?
GSTR 1 is a monthly Statement of Outward Supplies
to be furnished by all normal and casual registered taxpayers making outward
supplies of goods and services or both and contains details of outward supplies
of goods and services.
5. What details have to be furnished in GSTR 1?
The following details of a tax period have to be
furnished in GSTR 1:
a. Invoice level details of supplies to registered
persons including those having UIN
b. Invoice level details of Inter- state supplies
of invoice value greater than equal to INR 2,50,000 to unregistered persons
(consumers)
c. Details of Credit/Debit Notes issued by the
supplier against invoices
d. Details of export of goods and services
including deemed exports (SEZ)
e. Summarised state level details of supplies to
unregistered persons (consumers)
f. Summary Details of Advances received in relation
to future supply and their adjustment
g. Details of any amendments effected to the
reported information for either of the above categories.
h. Nil- rated, exempted, and non-GST supplies
i. HSN/SAC wise summary of outward supplies
6. Which type of registered taxpayers are not required to file the GSTR 1?
The following taxpayers are not required to file
GSTR 1:
·
Taxpayers under the Composition Scheme (Return in
GSTR 4)
·
Non-resident foreign tax payers (Return in GSTR 5)
·
Online information database and access retrieval
service provider (Return in GSTR 5A)
·
Input Service Distributors (ISD) (Return in GSTR-6)
·
Tax Deducted at Source (TDS) deductors (Return in
GSTR 7)
·
E-commerce operators deducting TCS (Return in GSTR
8)
7. What are the pre-requisites for filing GSTR 1?
Pre-requisites for filing GSTR 1 are:
a. The taxpayer should be a registered taxpayer and
should have an active GSTIN during the tax period for which GSTR 1 has to be
furnished.
b. The taxpayer should have valid login credentials
(i.e., User ID and password).
c. The taxpayer should have an active and
non-expired/ revoked digital signature (DSC), in case the digital signature is
mandatory
d. In case a taxpayer wants to use E-Sign, they
must have a valid Aadhar number with access to the mobile number and e-mail id
registered with Aadhar authority (UIDAI) as OTP will only be sent on the
registered mobile number and e-mail id. In case the taxpayer has changed the
mobile number and e-mail id, they must first update the same with UIDAI. For
cancelled GSTINs, the taxpayers will have an option to file GSTR 1 for the
period up to the date of cancellation
e. In case taxpayer wants to use EVC, they must
have access to the registered mobile number of the Primary Authorized Signatory
8. For which class of Taxpayers is DSC mandatory for filing returns?
DSC is mandatory in case of all Public &
Private Limited Companies, Limited Liability Partnerships (LLPs), and Foreign
Limited Liability Partnerships (FLLPs).
9. By when do I need to file the GSTR 1 for a given tax period? OR What is
the due date for filing the GSTR 1?
The due date to file GSTR 1 for a given tax period
is 23:59:59 hours (11:59:59 PM) of the 10th day of the succeeding month.
For example, GSTR 1 for Goods/Services supplied
during the calendar month of September 2017 should be filed by 23:59:59 hours
(11:59:59 PM) on 10th October, 2017.
10. How should the value of turnover to be in entered in the mandatory
field for the same on the landing page of GSTR 1?
The turnover value in Table 3 of GSTR 1 has to be
entered manually for the first year as the information is not available with
the GST system. From the second year of implementation, the system will
auto-calculate the turnover based on all the annual returns filed for all the
GSTINs associated with a given PAN (PAN-based turnover). However, the turnover value
will be editable and you will have the option to amend it.
11. What does the ‘Total Invoice Value’ column indicate in GSTR 1?
The ‘Total Invoice Value’ column in GSTR 1 is f the
invoice value inclusive of taxes.
12. Will there be any validation on relationship between Invoice value and
Taxable Value?
Taxable value is the value as per the provisions of
GST law. There will be no validation that the invoice value is equivalent to
taxable value plus the tax amount.
13. Can I enter details of Goods and Services in the same invoice?
Yes, you can enter details of Goods and Services in
the same invoices.
14. What are B2B Supplies?
B2B Supply refers to supply
transactions between registered taxable entities/persons
(Business-to-Business).
15. What is meant by B2C Supplies?
B2C Supply refers to supply transactions between a
Registered Supplier and an Unregistered Buyer (Business-to-Consumer).
16. What are Debit Notes?
A Debit Note is a document issued against an
invoice in cases where the original invoice was issued at a value lower than
the actual value of goods and/or services provided. It can also be issued in
case of post supply price negotiations. The difference amount is accounted for
in the form of a Debit note
17. What are Credit Notes?
Credit Note is a document issued against an invoice
in cases where invoice was issued at a value higher than the actual value of
goods and/or services provided or the invoice value is reduced due to post
supply negotiations. This may also happen when the goods supplied are returned
by the recipient, or where goods or services or both supplied are found to be
deficient.
18. When are Debit Notes to be reported in the return?
Debit Notes are to be reported in the return in the
month in which they are issued by the supplier.
19. When are Credit Notes to be reported in the return?
Credit Note: are to be reported in the return of
the month in which they are issued but not later than the return of the
September month following the end of the financial year in which such supply
was made, or the date of furnishing of the relevant annual return, whichever is
earlier.
20. Does a tax payer need to report the credit notes and debit notes of
supplies to consumer separately?
No in case of supplies to consumer to be reported
in a consolidated manner (intra-state supplies to consumer and inter-state
supplies of invoice value less than INR 2.5 lakhs), the credit/debit notes are
not required to be reported separately. Such supplies have to be reported in a
consolidated manner net off the values of credit and debit notes.
21. In case of Receipt of advance by the Supplier from a Receiver, is the
supplier liable to pay tax on such an advance amount?
Yes, Supplier is liable to pay tax on advances
received from Receivers for the supply of goods and services. and report the
consolidated advance received details in month in which payment is received net
off the amount for which invoices have already been issued and the value
reported in the same return in other sections.
22. How is the tax paid on such advance payments adjusted against the
invoice(s) issued in the subsequent tax period(s)?
The taxpayer has to self- declare the advance tax
that has to be adjusted in the current tax period in view of the declarations
of details of taxable supply in the same period return against advances
received earlier for tax has already been paid.
23. How is Export treated under the GST regime?
Exports are generally treated as Zero-rated
Inter-State Supplies. In case of exports, the taxpayer has the option to
export without payment of any integrated tax and claim refund of ITC against
the exports made or it may pay IGST and claim refund of the IGST amount paid
post affecting the exports.
24. Is shipping bill number mandatory while declaring export invoices in
GSTR 1?
No, a taxpayer can furnish other details of the
export invoices in GSTR1 and file the return if the shipping bill details are
not available with him.
25. How can shipping bill number be furnished after the filing of GSTR 1?
If the shipping bill details are received by the
taxpayer after the filing of the GSTR1, he needs to declare it the GSTR 1 of
the month in which he receives it through the amendment section of GSTR 1.
26. How do I report supplies to SEZ units or SEZ developers in GSTR 1?
As the SEZ unit or SEZ developer unit are
registered and have GSTIN, the invoice details of supplies to them need to
reported in the section of supplies to registered taxpayers.
27. Is it required to submit the details of supplies effected through
E-Commerce?
Yes. Suppliers have to provide the details of all
taxable Supplies effected through E-Commerce along with the GSTIN of the
e-commerce portal in the GSTR 1.
28. How should exempt supplies through E-Commerce operator be reported in
GSTR 1?
It should be reported in a consolidated manner in
the nil rated and exempt supply section of the GSTR 1.
29. Who is liable to pay tax under Reverse change mechanism?
The recipient of goods and services is liable to
pay tax if the said goods or services are notified to be subject to Reverse
Charge or if they are received from unregistered persons and more the specified
threshold of Rs 5000 each day.
30. Are unregistered purchases subject to reverse charge for which the
recipient issues a tax invoice required to be reported in GSTR 1?
No, such reverse charge purchases need to be
reported in GSTR 2 and reverse charge liability will be computed from that
declaration.
31. Do I need to upload the invoice(s) details at the time of filing GSTR
1?
Taxpayers can upload invoice details at any time
during the tax period and not just at the time of filing. For example, let’s
take July 2017 as the tax period - the tax payer can upload invoices from 1st
July to 10th August and after 15th in case of late filing of GSTR 1.
32. Until when can changes be made to the uploaded invoice details?
Taxpayers can modify/delete invoices any number of
times till they submit the GSTR 1 of a tax period. The uploaded invoice details
are in a draft version till the GSTR 1 is submitted and can be changed
irrespective of due date
33. Can there be duplicate invoice series in a particular financial year
for a particular GSTIN?
For a particular GSTIN, there cannot be duplicate
invoice series in a particular financial year. The GST system will not accept
duplicate supply invoices in a return and will provide error on validation.
34. Can a registered taxpayer have multiple series of tax invoices?
Yes, a tax payer can have multiple series in a
financial year. There is no limit on the number of series one can have.
35. Is there any specified format for invoice number under GST laws?
Yes, the invoice number has to be of maximum length
of 16 characters and the allowable characters are alphanumeric and special
characters of dash and slash.
36. What is the cut-off date for entry of invoices in GSTR 1 in case a
normal taxpayer is converted into a compounding taxpayer?
In cases where a taxpayer has been converted from a
normal taxpayer to the compounding scheme, GSTR 1 will be available for filing
only for the period during which the taxpayer was registered as normal
taxpayer. The GSTR 1 for the said period, even if filed with delay would accept
invoices for the period prior to conversion.
37. What is the due date for the payment of monthly tax liabilities for
normal taxpayers?
A normal taxpayer is required to
discharge their return related liability at the time of filing of GSTR 3. The
current due date for filing GSTR 3 is 20th of the succeeding month.
38. From where can I file the GSTR 1 and what are the steps involved?
For a detailed description along with screenshots,
please refer to the User Manual.
39. Does a taxpayer need to electronically sign after successful submission
of GSTR 1?
Yes, he needs to electronically sign the submitted
return otherwise it will be considered not-filed.
40. What are communications received after successful filing of GSTR 1?
a. ARN gets generated on successful filing of the
Return.
b. An SMS and email is sent to the taxpayer on
successful submission of Return.
41. What are the different ways in which submitted return can be
electronically signed?
Taxpayers can electronically sign their returns
using a DSC (mandatory for all types of companies and LLPs), E-sign
(Aadhaar-based OTP verification), or EVC (Electronic Verification Code sent to
the registered mobile number of the authorized signatory)
42. What precautions need to be taken while applying Digital Signature
Certificate (DSC)?
1. DSC should be Class II or Class III PAN-based
DSC
2. The DSC must not be expired
3. The DSC must be registered on the GST Portal
4. EM Signer must be installed on the computer
5. The DSC Dongle must be connected to the computer
43. Will a taxpayer receive notice if he does not file his return by due
date?
Yes, he will receive a system generated return
defaulter notice in format 3A if he fails to file his return by due date.
44. Does a taxpayer need to check the validity of the registration of the
recipients furnished in the return?
Yes, the taxpayer should check the validity of the
recipients GSTIN and upload the invoice details only if the recipient was
active on the date of issue of invoice, otherwise the system will through a
validation error and not will not accept that invoice details.
45. Up to how many decimal digits do different values need to be declared
in GSTR 1?
All values like invoice value, taxable value and
tax amounts are to be declared up to 2 decimal digits. The rounding off of the
self-declared tax liability to the nearest rupee will be done in GSTR 3.
46. Is there any exception to the rule that a taxpayer cannot file GSTR 1
before the end of the current tax period?
A taxpayer cannot file GSTR 1 before the end of the
current tax period. However, following are the exceptions to this rule:
a. Casual Taxpayers after the closure of their
business.
b. Cancellation of GSTIN of a normal taxpayer.
A taxpayer who has applied for cancellation of
registration will be allowed to file GSTR 1 after confirming receipt of the
application.