GST Presentation Msme

Index
1. Introduction of GST – 03/08/2021 time 3.00 to 5.00 P.M.
2. Filling of GST - 04/08/2021 time 3.00 to 5.00 P.M.
3. Maintaining of Bills - 05/08/2021 time 3.00 to 5.00 P.M.
4. About Eway Bill & Einvoice – 06/08/2021 time 3.00 to 5.00 P.M.
GST Full Form is Goods and Services Tax.
Before learning more about Goods and Sevice Tax, let’s try to understand how taxes in
India work. The Government of any country needs money for its functioning and taxes are
a major source of revenue for a Government. The taxes thus collected are spent by Govt.
on the public.
These taxes are broadly classified into two types : Direct Tax and Indirect Tax
1.Direct Tax – Direct Tax is imposed on the Income of an individual. The amount of Tax
payable varies on the income earned by the individual from various sources such as
salary, house rent income etc. So, the more you earn, the more tax you pay to the
Government which essentially means the rich pay more tax in comparison to the poor.
2.Indirect Tax – Indirect tax is not imposed directly on income of individuals. Instead, it
is imposed on goods and services which in turn increase the cost MRP) of Goods and
Services. Unlike direct tax, indirect tax should be borne by the end customer, rich and
poor alike., There are many indirect taxes. Some of these are levied by the Central
Government whereas some are levied by the State Government making the indirect tax
system an extremely complicated system.
BASIS FOR COMPARISON VAT GST
Meaning VAT is a consumption tax that is GST is a destination based tax,

levied on the value addition, at charged on the manufacture, sale
each stage of and consumption of goods and
production/distribution of goods. services.
Point of taxation Sale of goods Supply of goods and services
Payment Mode Offline Online
Registration Compulsory if turnover is greater Compulsory if turnover is greater

than 10 lakhs. than 40 lakhs for goods and 20 lakhs
for services
Basis of taxation Summary based Transaction based
Revenue Collection Seller state collects revenue Consumer state collects revenue
Excise Duty It is levied, on the manufacture of It is not levied.

excisable goods.
Interstate sales Input credit is not possible in case Input credit can be availed in case
of interstate sales. of interstate sales.

•Taxpayers with an aggregate turnover of Rs. 40 lakhs would be
exempted from tax. For, North Indian states and Sikkim, the exemption
would be Rs. 10 lakhs. Up to 31/03/2019
•Aggregate turnover shall include the aggregate value of all taxable and

non-taxable/ non-GST supplies, exempt/ Nil-rated supplies and
exports of goods and/or services and exclude taxes under GST.
A taxpayer whose turnover is below Rs 1.5 crore* can opt for

Composition Scheme. In case of North-Eastern states and Himachal
Pradesh, the limit is now Rs 75* lakh.
As per the CGST (Amendment) Act, 2018, a composition dealer can also
supply services to an extent of ten percent of turnover, or Rs.5 lakhs,
whichever is higher. This amendment will be applicable from the 1st of
Feb, 2019. Further, GST Council in its 32nd meeting proposed
an increase to this limit for service providers on 10th Jan 2019*.
Turnover of all businesses registered with the same PAN should be

taken into consideration to calculate turnover.
Aggregate Turnover Registration Required Applicability
Earlier Limits – For the sale of Goods/Providing Services

Exceeds Rs.20 lakh Yes – For Normal Up to 31st March 2019
Category States
Exceeds Rs.10 lakh Yes – For Up to 31st March 2019
Special Category States
New Limits – For Sale of Goods
Exceeds Rs.40 lakh Yes – For Normal From 1st April 2019
Category States
Exceeds Rs.20 lakh Yes – For Special From 1st April 2019
Category States
New Limits – For Providing Services
There has been no change in Threshold limits for Service Providers. Persons
providing services need to register if their aggregate turnover exceeds 20
Lakhs(for normal Category states) and Rs.10 Lakh (for Special category
states)
Other amendments in the threshold limits under the Composition Scheme
1. Changes in the composition scheme: The threshold of annual turnover for

composition scheme was increased to Rs.1.5 crores from 1st April 2019. The
taxpayers registered under the scheme have to pay tax quarterly and file returns
annually from 1st April 2019. The limit remains unchanged at Rs.75 lacs for North
Eastern states & Uttarakhand.
2. Composition scheme was made available to service providers: New scheme

introduces a fixed tax rate of 6% with 3% CGST and 3% SGST. Independent service
providers, as well as mixed suppliers of goods and services with an annual turnover
of up to Rs.50 lacs in the preceding financial year can opt for this scheme.
There are many indirect taxes, which are subsumed after the introduction of GST in India,
which are as under:
 At CGST level: Excise Duty, Service tax, surcharge and cess
 At SGST level: Octroi or Entry tax, VAT, luxury tax, surcharge and cess
 At IGST level: Central Sales Tax

A tax invoice is generally issued to charge the tax and pass on the input tax credit.
A GST Invoice must have the following mandatory fields:
1.Invoice number and date
2.Customer name
3.Shipping and billing address
4.Customer and taxpayer’s GSTIN (if registered)**
5.Place of supply
6.HSN code(Harmonized System of Nomenclature)/ SAC code (Service Accounting Code)
7.Item details i.e. description, quantity (number), unit (meter, kg etc.), total value
8.Taxable value and discounts
9.Rate and amount of taxes i.e. CGST/ SGST/ IGST
10.Whether GST is payable on reverse charge basis
11.Signature of the supplier
Now let’s us go through into provisions related to GTA service when
it would be exempt from any GST levy and for this, we have to refer
to the
Notification No. 12/2017 of Central Tax (Rate) dated 28th June
2017
. The entry number 21 of this notification states that freight charges
in India is would be exempt from GST for the followings:
1. Transport of agricultural produce
2. Transport of milk, salt, food grains including rice, flour, pulses
3. Transport of organic manure
4. Transport of newspapers or magazines registered with the
Registrar of Newspapers
5. Transport of relief materials for victims of natural or man-made
disasters, calamities, accidents or mishaps
6. Transport of defence or military equipment
7. Transport of any goods, where the gross amount charged for
transportation for a consignment transported in a single carriage
does not exceed Rs. 1,500.
8. Transport of any goods, where consideration charged for
transportation of all such goods for a single consignee does not
exceed Rs. 750.
Returns for Taxpayers
Overview of GST Returns
Monthly Quarterly
GSTR 4 Compounding taxpayer
GSTR 1 Statement of Outward Supplies
Annual
GSTR 2 Statement of Inward Supplies
GSTR 9 Annual GST Return
GSTR 3 Monthly 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
cancellation, within three
GSTR 11 Inward Supplies for Government Bodies month of cancellation
Page 18
GSTR 1, GSTR 2, & GSTR 3: Due Date for Filing
GSTR 1 GSTR 2 GSTR 3

20th of every
10th of every month 15th of every month
month
Page 19
Please note: The tax period for the monthly deadlines is the previous calendar month
 For Regular Dealer
 GSTR 1 – monthly outward return on or before 10th
 GSTR 2A – monthly auto populated inward details available from 11 th
 GSTR 2 – monthly inward return on or before 15th
 GSTR 1A – monthly auto populated outward details available from 16 th
 GSTR 3 – monthly return on or before 20th
 GSTR 3A – notice from department
 GSTR 9 – Annual return on or before 31st December
 GSTR 9B – Audited accounts on or before 31st Dec
 For Composite Tax Player
 GSTR 4A – Inward supplies as per GSTR1 filed by the supplier
 GSTR 4 – Quarterly, 18th of the succeeding month
 GSTR 9A – Annual return
 For nonresident tax payer
 GSTR5 – 20th of the following month or within 7 days from the date of expiry of
registration
 For Input Service Provider
 GSTR 6A – monthly based on GSTR1 filed by the supplier
 GSTR 6 – monthly 13th of the following month
 For tax deductor
 GSTR 7 – monthly 10th of the following month
 GSTR 7A – monthly TDS certificate
 For e-commerce operators
 GSTR 8 – monthly 10th of the succeeding month

 Final return
 GSTR10 – within 3 months of cancellations of registrations

 Government Departments and United Nation Bodies
 GSTR 11- 28th of the following month
 What is the QRMP Scheme?
 A registered taxpayer with an aggregate annual turnover
of up to Rs.5 crore in the preceding financial year can opt
for the QRMP scheme. This scheme allows taxpayers to
file the GSTR-3B quarterly, but to pay taxes on a monthly
basis. Thus, small taxpayers can now file only eight
returns in a year, i.e., four GSTR-1 returns and four
GSTR-3B returns instead of 16 returns in a year. Under
the QRMP scheme, an Invoice Furnishing Facility (IFF) is
also available to taxpayers, to upload their supply invoices
monthly on the GSTN, even though the GSTR-1 is to be
filed quarterly. These invoices will be reflected in the
GSTR-2A and GSTR-2B of their customers, who can use
the input tax credits (ITC) on a timely basis. This prevents
their customers from losing out on eligible input credits.
 Due Dates For Payments Under the QRMP Scheme
 All registered persons under the QRMP scheme should pay the tax due
in each of the first two months of the quarter by the 25th of the next
month in that quarter. For example, the tax due for the month of
January 2021 should be deposited by 25th February 2021. A taxpayer
should deposit the tax using Form GST PMT-06. The taxes can be paid
either using the fixed sum method or the self-assessment method.
Both the methods are discussed in detail below.
Methods of Making Payments Under the QRMP Scheme
Registered persons can make payments for the first two months of the
quarter by using either of the following methods:
•Fixed Sum Method- Under this method, a taxpayer shall pay an amount of
tax as reflected in the pre-filled challan
• (on the basis of the previous tax payment) in Form GST PMT-06, for an
amount equal to 35% of the tax paid in cash.
For example:
Tax paid in Quarter Jan- Tax to be paid in each

Mar’21 month, for Apr’21 and
May‘21
CGST 100 CGST 35
SGST 100 SGST 35
IGST 200 IGST 70
However, if a taxpayer has been filing his return monthly for Jan-Mar’21,
then he/she can opt to pay an amount equal to the tax paid in the last
month of the preceding quarter.
Tax paid in Mar’21 Tax to be paid in each month,

for Apr’21 and May‘21
CGST 100 CGST 100
SGST 100 SGST 100
IGST 200 IGST 200
•Self Assessment Method (Actual Tax Due): Under this method, a taxpayer will pay
the tax on outward supplies after taking into consideration the input tax credit
available. In this case, the taxpayer will manually arrive at the tax liability and
deposit the same in Form GST PMT-06. The taxpayer can refer Form GSTR-2B to
arrive at the amount of ITC available.
Important Notes:
The amount deposited by the taxpayer for the first two months of the
quarter shall be solely debited for the purpose of offsetting the liability
in that quarter’s Form GSTR-3B. Any amount remaining after filing
that quarter’s Form GSTR-3B may either be claimed as a refund or
used for any other purpose in the subsequent quarters.
In the case of cancellation of registration of a taxpayer during any of
the first two months of the quarter, he would still be required to
furnish his Form GSTR-3B for that relevant tax period.
 DOCUMENTS NEEDED FOR GST REGISTRATION:

 COMPANY
 PAN
 ID/ADDRESS PROOF -Registrary
 PHOTO
 BANK STATEMENT/PASSBOOK
 Property Tax receipt
 Premises If Owned: EB Bill
 RESOLUTION PASSED BY Syndicate
 PROOF OF AUTHORISED SIGNATURE
 PHONE NO. / EMAIL ADDRESS
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.
-This is the return for details of outward supplies on taxable goods or

services made by a person/entity registered under the GST regime
-It is like a sales register
-It must be filed monthly (by the 10th of the successive month of taxable
period)
-Goods and services must be identified correctly by their HSN codes and
SACs respectively
Page 30
-GSTR-1 must be filed even if there is no business activity (NIL returns)
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.
Page 31
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.
Page 32
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? Page 33
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.
Page 34
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
Page 35
GSTR 3: The Consolidated Monthly Return
GSTR 3 is a consolidated return filed by every taxpayer registered under the GST
regime based on GSTR 1 and GSTR 2. GSTR 3 provides the details of tax liability
for a given tax period and details of tax paid. GSTR 3 provides details of gross
turnover, export turnover, exempted domestic turnover, Nil rated turnover,
Non GST turnover, Net taxable turnover. The details of outward and inward
supply information will be auto populated from GSTR 1 and GSTR 2. Taxpayers
will file return in electronic form only. Further GSTR 3 needs to be filed even if
there is no business activity (i.e. Nil Return) during the period of return.

Total tax liability and net tax payable under CGST, SGST, IGST and Additional Tax
by the tax payer or his authorized tax consultant for the tax period is captured
in the return. GSTR 3 will also capture details of tax paid from Electronic Credit
Ledger and Cash ledger. GSTR 3 needs to be filed by 20th of the succeeding
month following the end of month for which it is filed.
GSTR 1 and GSTR 2 must be filed for the duration for which taxpayer is seeking
to file GSTR 3 because the details of the inward and outward supply are auto
populated from GSTR 1 and GSTR 2 respectively. Page 36
UTILISATION OF INPUT TAX CREDIT
 INPUT TAX CREDIT ON CGST CAN BE UTILISED FOR
IGST
CGST
 INPUT TAX CREDIT ON SGST CAN BE UTILISED FOR
IGST
SGST
 INPUT TAX CREDIT ON IGST CAN BE UTILISED FOR
IGST
CGST
SGST
Filing GSTR 1: Demonstration Using Application
In the Services Menu, click on Returns > Returns Dashboard
Page 38
1. Select Financial Year & Return Filing Period (Calendar Month)
2. Click SEARCH
Page 39
3. Select GSTR 1 – Outward supplies made by the taxpayer by clicking on PREPARE ONLINE
Page 40
4. Click on B2B Invoices & you will be directed to the Add Invoice Page
Page 41
5. Click on ADD INVOICE
Page 42
6. Enter Receiver GSTIN & Receiver Name will get auto populated. Enter the other mandatory details
7. Proceed to add line item-wise data in dropdown that appears after entering GSTIN (next slide)
Page 43
8. Enter all the mandatory details like HSN Code (Goods) or SAC (Services) , CGST + SGST or IGST
(depending on whether Inter-state or Intra-state supply,) CESS etc.
9. Click ADD to add the line item
Page 44
10. Once all line items are added for a particular invoice, click SAVE to add the invoice
Page 45
11. On clicking SAVE, You will be directed to the previous page and there will be a status display on the
processing of the invoice
12. Click on Click Here for Update
Page 46
13. Click on the reference number under B2B and status will be updated as Processed (may take up to 1-
minute)
14. Click BACK. You will be directed to the GSTR 1 landing page and the B2B tile in GSTR 1 will reflect
the number of invoices added Page 47
15. Click on B2B Invoices and you will be directed to the Add Invoice page again where the added the
invoice will reflect under B2B Invoices – Receiver-wise Summary
Page 48
16. You can click on the GSTIN under Receiver Details and you will be directed to the Add Invoice Page
from where you can also edit/delete the added invoices (under Actions)
Page 49
16. You can click on the GSTIN under Receiver Details and you will be directed to the Add Invoice page
from where you can also edit/delete the added invoices (under Actions)
17. Similarly, add all the invoices with line item-wise data in the respective tiles - B2B, B2C – Large, B2C
– Others, etc.
18. Once you have added all the details, click on SUBMIT at the bottom of the GSTR 1 landing page
Page 50
19. After clicking SUBMIT, click on FILE
20. In case of private limited

companies, LLPs, & FLLPs DSC is
mandatory for filing returns
21. Click Confirm
22. Once user clicks on Confirm

button, the Acknowledgement
Reference Number (ARN) will
be generated & the pop-up
message will appear (as shown)
Page 51
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.
Page 52
Details Required for GST1
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.
Page 54
1. From the landing page of returns, select return filing period (Financial Year + Month)
2. Click on PREPARE ONLINE
3. GSTR 2 can be filed only up to period of registration (i.e., till date of cancellation) Page 55
4. The Summary wise details for the data uploaded will be available in this screen where the
taxpayer will be able to view the summary of all data uploaded & processed. Page 56
5. Click on B2B Invoices to view invoice level details received from Supplier Taxpayers’ filed
GSTR 1
6. In case supplier(s) have not filed GSTR 1, you can upload details yourself usingPage
the57UPLOAD
button (refer to slide 63). The process is identical to the upload process in GSTR 1
7. When you click on B2B Invoices, Supplier-Wise Summary will be available.
8. Click on supplier to view invoice level details submitted by supplier or click on ADD MISSING
Page 58
INVOICE DETAILS to upload any invoices not uploaded by supplier
9. When you click on supplier name, you will see the above screen
10. There are 3 categories – uploaded by Supplier, uploaded by Taxpayer (Receiver), &
modified by Supplier
11. Select one or multiple invoices to Accept & then to Reject (if any)
12. Use the action button against each invoice to edit the invoice if necessary Page 59
13. Edit invoice screen
14. Receiver Taxpayer will make the modifications & save the invoice which will then flow to
Page 60
GSTR 1A of Supplier Taxpayer for Approval or Rejection
15. Similar process will be followed for the other sections of the GSTR 2, & upon completion of
correctly uploading all invoice level details in all sections or modifying the invoice level details
received from various sources in the auto populated sections, Receiver Taxpayer is ready to
Page 61
file the monthly GSTR 2
16. Once the return is created the taxpayer will affix his DSC by clicking on DSC button (only if
mandatory otherwise E-Sign). Once DSC are affixed, the button for file GSTR-2 will be enabled
so that the taxpayer can file his GSTR-2
Page 62
17. You can also preview the return before filing

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.
Page 63
 Section 16 (4) of Central Goods and Services Tax Act, 2017’ provides that the registered
persons/companies/dealers can take ITC (Input Credit) on the invoices or debit notes for
supply of goods or services or both after the due date of furnishing of the return raised
during ‘July 2017 to March 2018’ earliest of the following dates:
 a) On or before the due date of furnishing the return (GSTR-3B & GSTR-1) for the month
of September 2018 i.e. 20-10-2018.
 Or
 b) Before filing of Annual Return for ‘July 2017 to March 2018’.
 Considering the provision of the Act, to avail the pending ITC pertaining to invoices
raised in ‘July 2017 to March 2018’ by the vendors within the due date of filing the
return of September 2018. Therefore, it is advisable that the return in Form GSTR-3B for
September 2018 should be filed within the due date i.e 20th October 2018, for availment
of credit on invoices / debit note of 2017-18, to avoid any reversal, interest and penalty.
 The registered persons/companies/dealers are advise to detail reconcile his book of
accounts with GSTR-3B and GSTR-1, which has been filed during ‘July 2017 to March
2018’ and avail all pending eligible ITC (Input Tax Credit) before filing of September
2018 month GST Returns, otherwise ITC (Input Tax Credit) of same period (July 2017 to
March 2018) will be lapse. Thus the registered persons/companies/dealers shall take the
following steps to reconcile book of accounts with GSTR-3B and GSTR-1 filed during July
2017 to March 2018 and avail all pending eligible Input Tax Credits.
 1) Details Scrutiny of book of accounts and reconcile with ITC availed in
GSTR-3B : There may be various instances, where ITC (Input Tax Credit) did
not availed during the filing of returns i.e July 2017 to March 2018. Such
invoices, debit notes related to said period are required to find out so that
ITC (Input Tax Credit) have to avail within due date of the September 2018
month GST returns i.e 20.10.2018.

 In Central Goods and Service Tax Act, 2017, has been clear prescribed that
no rectification of error or omission in respect of the details furnished under
section 37 (1) shall be allow after furnishing of the return under section 39
for the month of September 2018 (i.e GSTR-3B due date
is 20.10.2018) following the end of the financial year to which such details
pertain, or furnishing of the relevant Annual return, (i.e due
date 31.12.2018) whichever is earlier.
 Export under GST : Eligible for LUT vide
Notification No. 37/2017-Central Tax dated 4th October, 2017 may apply
for release of Bond.
 Initially, the option to furnish LUT in place of Bond was available only to the
eligible registered person as specified in
Notification No. 16/2017- Central Tax dated 7th July, 2017
 However, vide
Notification No. 37/2017-Central Tax dated 4th October, 2017, LUT facility
is being extended to all registered persons who intend to supply goods or
services for export without payment of integrated tax in place of a bond.
 Subsequently, all registered persons who intend to supply goods or services
for export without payment of integrated tax including the registered persons
who applied for Bond prior to the issuance of Notification No. 37/2017 are
opting for LUT for future Export.
 Filing for GST Refunds:
 Once you have identified that you have a GST claim for refund then you need
to file your claim through GST Refund Form RFD-01. This form preferably
should be prepared by a certified Chartered Accountant and this GST claim
need to be made within 2 years of “relevant date” of the GST refunds
application. The different “relevant date” is defined for different
GST Refund scenarios, which one can check on online tax site or with the
Chartered accountant who is preparing your GST refund.
 submits his GST Refund form he gets an acknowledgement form GST RFD-02
which is auto-generated. This GST Refund form RFD-02 helps the assesse for
any future reference for his GST claim and is sent to taxpayer’s email or
phone number as an SMS.
 Once the GST claim by assesse is found to have any deficiencies then a Form
RFD-03 is generated and sent to the taxpayer asking him to correct his
application.
 While filing GST refunds, the taxpayer must submit a declaration that the GST
refund amount will not be utilized or transferred to any third person or entity.
In case the GST refunds is of more than five lakhs then the taxpayers filing for
the GST refunds must provide additional document as an evidence that the
said amount is paid by the taxpayer.
 The duration of filing for GST refunds by United Nation, consulate or foreign
embassy is only 90 days from the quarter end when they have procured the
goods or services. Also, they must make their GST claim through a
different GST Form - RFD-10.
 Processing of GST Refunds:
 GST refunds are processed normally within a period of 30 days from filing a GST refund
forms. This period may alter in some cases depending on the amount of GST refunds to
be processes. The GST claim application shall undergo a scrutiny or audit as maybe
applicable and the said amount shall be processed to taxpayer's account when found
eligible. In case the adjudicating body finds that taxpayer comes under the category of
being "unjustly enriching" then the GST refunds amount shall be transferred to Consumer
Welfare Fund.
 When the GST refunds arise out of an export of goods or services then authorized officer
can issue a provisional refund order through GST Form RFD-04 of ninety percent of the
GST refunds claim. This kind of provision can only be made if the taxpayer has never
been found guilty of evading taxes for amounts more than two hundred and fifty lakh
rupees over a period of past five years and his GST compliance rating is five or more out
of the score of ten and he do not have any appeal pending in respect to his GST refunds.
 The new GST Refund process is thorough and effective. It follows the trail of invoices to
process the GST claim and is designed by keeping in mind the ease for manufacturers
and exporters. Previously which tax refunds use to take years to pass is now being
processed within not more than sixty days.
 Guide to File RFD – 01 on GST Portal
 Step 1: Login to GST Portal.

 Step2: Go to ‘Services’ > ‘Refunds’ >
‘Application for Refund’
Step 3: Select ‘Refund of Excess Balance in Electronic
Cash Ledger’ and click on ‘CREATE’.
 Step 4: Once you click on ‘CREATE’ in the above step a screen will
appear reflecting all balances in the Electronic Cash Ledger which can be
claimed as refund.
 You can enter values of the refund to be claimed in the editable ‘Refund
Claimed’ table.
 Step 5: Select the Bank Account (in which you want the refund to be
credited) from the drop-down and click on ‘SAVE’.
 Step 6: Click on the checkbox in the declaration. Select the name fo the
‘Authorised Signatory’ from the drop-down.
 Based on the type of your organisation click on ‘SUBMIT WITH DSC’ or
‘SUBMIT WITH EVC’
Once RFD – 01 is filed Refund ARN Receipt is generated

in PDF format. After inspection by a GST officer refund will
be credited to the bank account.

Form Number Usage
GST RFD-01 Application for Refund
GST RFD-02 Acknowledgement
GST RFD-03 Deficiency Memo
GST RFD-04 Provisional Refund Order
GST RFD-05 Payment Advice
GST RFD-06 Refund Sanction/ Rejection Order

 Special Economic Zone Under GST
 As per Section 2(19) of IGST Act, Special Economic Zone shall have the
same meaning as assigned to it in clause (za) of Section 2 of the Special
Economic Zones Act, 2005.
 The specific clause (za) of Section 2 provides that “Special Economic Zone
in GST” means each Special Economic Zone notified under the proviso to
sub-section (4) of section 3 and sub-section (1) of section 4 (including Free
Trade and Warehousing Zone) and includes an existing Special Economic
Zone.
 It is pertinent to refer clause (i) of Section 2 which defines that “Domestic
Tariff Area” means the whole of India but does not include the areas of the
Special Economic Zones.
 Further, exports defined under Section 2(m) of SEZ Act as “Export” means-
 a. Taking goods, or providing services, out of India, from a Special Economic
Zone, by land, sea or air or by any other mode, whether physical or
otherwise; or
 b. Supplying goods, or providing services, from the Domestic Tariff Area to a
Unit or Developer; or
 c. Supplying goods, or providing services, from one Unit to another Unit or
Developer, in the same or different Special Economic Zone.
 It is settled that SEZ is an area considered to be situated outside India and
any supply to SEZ is at par export and such supply attracts zero rate as zero
rated supply.
 SEZ Treatment Before GST:
 Section 26 of the SEZ Act grants exemption, to every SEZ Unit and developer,
from:

• Any duty of customs under Customs Act, 1962 on goods or services imported into
or exported from India,

• Any duty of excise under Central Excise Act, 1944

• Service Tax under Finance Act, 1994

• Levy of taxes on sale and purchase of goods other than newspaper

• The securities transaction tax leviable under Section 98 of the Finance act, 2004.

Any transaction with or by SEZ Unit or SEZ Developer shall be exempted from any
indirect tax law.
 SEZ Under GST:
 Under GST Law only for the purpose of levying GST, SEZ Units are not to be considered
as a part of India which means:
 a. IGST Exemption:

 Any supply to SEZ Unit has been made exempt vide Notification No. 64/2017 – Customs
dated 5th July, 2017.
 b. Import:

 Any supply from SEZ Unit to DTA shall be treated as Imports and would be taxable
under Reverse Charge Basis at the end of the recipient.
Rest other thing it will be considered as part of India.
 Therefore, suppliers of goods or services or both to any recipient in the SEZ can avail
the following:
 • Make supply under bond or LUT without payment of IGST and claim credit of ITC; or
 • Make supply on payment of IGST and claim refund of taxes paid.

 When Audit under GST is required?
 1. If Turnover of the registered person crosses the threshold limit for
audit under GST i.e. Rs. 2 cr in a financial year
 2. An audit by Tax Authorities
 General Audit
 Special Audit
 The audit by Tax Authorities
 The Commissioner of the CGST/SGST or any officer authorised by him may
conduct the audit of any taxable person in such manner as may be prescribed
in a general or a specific order. A 15 days notice shall be given to the
registered person before the conduct of the audit in Form GST ADT-01. The
time period prescribed under the act for the completion of the audit is three
months and the same shall be reckoned from the date of commencement of
the audit. The period can be extended further for a period not exceeding six
months by the commissioner.
 Time limit for completion of the GST audit

 The audit under the GST needs to be completed within three months from
the date of commencing the audit. However, such period can be extended
for a further period of 6 months by the Commissioner.
 1. Who can be a GST Practitioner?
 Following are the people who can become a GST practitioner as prescribed under
the CGST Act:
 A TRP (Tax Return Preparer) or a Sales Tax Practitioner registered for a period of
5 years or more
 A retired officer of the CBEC or Commercial Tax Department of any State
Government (with a minimum 2 years experience of working in a post of Group-B
(or higher) gazetted officer)
 A graduate or a post-graduate in Law, Commerce, Banking or Business
Management or Business Administration from any Indian University or a
recognized Foreign University
 A qualified CA (Chartered Accountant), CMA (Cost & Management Accountant) or
a CS (Company Secretary)
 3. GST Practitioner Exam Date
 The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has
been authorized for conducting the examination for the enrollment of GST
Practitioners (GSTP), vide
Notification No. 24/2018-Central Tax dated 28.5.2018
 As per the Ministry of Finance, a person can be enrolled as GST Practitioner
only after passing the examination. A person seeking registration as a GST
Practitioner have to clear the GST Practitioner examination before the 31st of
December.
 4. Conditions for becoming a GST practitioner
 1. The applicant must be an Indian Citizen
 2. The applicant should be a person of sound mind
 3. The applicant should be not be adjudged as an insolvent
 4. The applicant should be not be convicted by a court for an offence with
imprisonment of a period exceeding 2 years
 2. Roles and Responsibilities of a GST Practitioner
 Once a person is registered as a GST practitioner, he has the following roles and
responsibilities under the GST regime:
 Filing GSTR-1 and GSTR-2 with the details of outward and inward supplies
 Filing of GST monthly, quarterly or annual returns on behalf of his clients
 Representing the clients before GST authorities
 Filing refund claims, upon confirmation from clients
 Making deposits for credit in the electronic ledger
 Filing applications in case of any for changes (amendment) or cancellation the
registration
 5. Validity of GST Practitioner License
 The GST practitioner license would be valid until it’s cancelled by the relevant
authority.
 A person seeking for GST practitioner license through tax return preparer or the
sales tax practitioner route are required to pass the examination conducted by the
GST Authority within one year from the implementation of GST.
 6. Difference between taxpayer and GST practitioner
 A taxpayer is a person registered under GST law for the purpose of filing returns,
payment of tax, availing input tax credit and other compliances. Such a person is
defined as a ‘taxable person’ under GST law.
 On the contrary, a GST practitioner is a person registered as a GST professional
under GST Law. A taxpayer may authorise a GST practitioner to furnish
monthly/quarterly/ annual returns and information, on his behalf, to the
government. The manner of approval of GST practitioners, the manner of
removal, eligibility and qualification, roles and responsibilities and other
conditions relevant for the functioning of a GST Practitioner have been prescribed
in Rule 24 and 25 of the Return Rules. A taxable person can add a GST Practitioner
to his GST Portal, to allow such a person to make compliance under GST on his
behalf.
 It will redirect you to a new webpage
 Step-3 Click on New Registration
 Step-4 In the dropdown list select GST Practitioner
 Step-5 Select and enter your State, District, Name, PAN, Email Address and
Mobile Number. Click on ‘Proceed’.
 It will redirect you to a new webpage
 Step-3 Click on New Registration
 Step-4 In the dropdown list select GST Practitioner
 Step-5 Select and enter your State, District, Name, PAN, Email Address and
Mobile Number. Click on ‘Proceed’.
 6. Documents required for registration as a GST practitioner
 Enrolment type (Central or State application),
 Bar Council Membership Proof – For Advocates
 Date of enrolment,
 Photograph(jPEG-100kb),
 date of enrolment,
 Valid e-mail id,
 Valid Phone number,
 Membership number and valid up to
 Name of university/institute and
 Office address proof,
 A digital signature, and
 Year of passing
 Qualification proof: Certificate of Practice – For Chartered Accountant, Company
Secretary, Cost and Management Accountant, Bar Council Membership Proof – For
Advocates
Once the validation is complete, it will take you to the OTP
verification page
Step 6 – Enter One Time Passwords (OTPs) received on
mobile number and e-mail. Click on ‘Proceed’
Step 7 – Afterwards a Transaction Referrence Numbar (TRN) will be generated, click on proceed
Step 8 – Enter the TRN and Captcha Code. Click on ‘Proceed’
Step 9 – Now enter the One Time Password (OTP)
received on the mobile number and click on ‘Proceed’
Step 10 – Enter the required details and upload required

documents in .pdf and .jpeg format. Click on ‘Submit’ on
the Verification page
2 ways in which the application can be submitted:
 EVC and E-signature – Two OTPs will be send, one to
the mobile and one to the email address, both of the
OTPs must be entered correctly and then submit the
application.
 DSC – In this option, the applicant can submit the
application using the DSC token. Note: the emSigner
(from eMudra) must be installed on the computer and
the DSC is registered on the website.
On the completion, a success message will be displayed
on the screen and an acknowledgement email will be sent
to the registered mail id within 15 days.
 Compulsory GST Registration –
 Provisions of compulsory registration are contained under section 24 of the Central Goods and
Service Tax (CGST) Act, 2017.
 Categories of persons who are required to obtain compulsory registration are listed herein below –
 1. The person engaged in the inter-state taxable supply of goods or services or both;
 2. A casual taxable person engaged in taxable supply;
 3. Persons liable to pay tax under reverse charge mechanism;
 4. A non-resident taxable person engaged in providing taxable supply;
 5. A person liable to pay tax under section 9 (5) of the Act;
 6. The person liable to deduct tax at source (TDS);
 7. Input Service Distributor;
 8. E-commerce operator;
 9. A person engaged in supplying goods or services or both through e-commerce operator who is
required to collect tax at source (TCS);
 10. The person engaged in supplying online information and database access or retrieval services
from a place outside India to an unregistered person;
 11. Persons engaged in the taxable supply of goods or services or both on behalf of another
registered taxable person, whether as an agent or otherwise.
 It must be noted that categories of the person covered under compulsory registration are
mandatorily required to obtain registration irrespective of quantum of turnover.
 Provisions relating to persons liable for obtaining GST registration and provisions
relating to compulsory GST registration are contained under section 22 and section
24, respectively, of the Central Goods and Service Tax (CGST) Act, 2017. The current
article explains both the aforesaid provisions.
 As per section 22 of the Central Goods and Service Tax (CGST) Act, 2017 following list of
persons are liable for obtaining GST registration –
 1. Supplier engaged in providing a taxable supply of goods or services or both is required
to obtain GST registration in the State or Union territory from where the supply is
initiated, in case the aggregate turnover exceeds INR 20 Lakhs in a financial year.
 2. In case of special category states, supplier engaged in providing a taxable supply of
goods or services or both are required to obtain GST registration in case the aggregate
turnover exceeds INR 10 Lakhs in a financial year.
 3. Persons who are registered under the erstwhile law, on the day immediately preceding
the appointment date, is liable to obtain GST registration.
 4. The registered taxable person when transfers business to another person on going
concern basis, whether on account of succession or otherwise, in such case the transferee
or the successor is liable to obtain GST registration.
 5. Transfer of company in case of amalgamation or de-merger in accordance with an
order of a high court, tribunal or otherwise.
TDS
 What is TDS?
 Tax Deducted at Source (TDS) is one of the ways to collect tax based on certain percentages on the
amount payable by the receiver on goods/services. The collected tax is a revenue for the
government.
 Who could be liable to deduct TDS under GST law?

  A department or an establishment of the Central Government or State Government; or
  Local authority; or
  Governmental agencies; or
  Such persons or category of persons as may be notified by the Government.
 As per the latest Notification dated 13th September 2018, the following entities also need to deduct
TDS-
  An authority or a board or any other body which has been set up by Parliament or a State
Legislature or by a government, with 51% equity ( control) owned by the government.
  A society established by the Central or any State Government or a Local Authority and the society
is registered under the Societies Registration Act, 1860.
  Public sector undertakings.
E-invoicing under GST – What is e-Invoicing? Applicability &
Implementation Date
e-Invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices are

authenticated electronically by GSTN for further use on the common GST
portal. Under the electronic invoicing system, an identification number will
be issued against every invoice by the Invoice Registration Portal (IRP) to
be managed by the GST Network(GSTN). The first IRP was launched by the
National Informatics Centre at einvoice1.gst.gov.in. All invoice information
will be transferred from this portal to both the GST portal and e-way bill
portal in real-time. Therefore, it will eliminate the need for manual data
entry while filing GSTR-1 return as well as generation of part-A of the e-
way bills, as the information is passed directly by the IRP to GST portal.
To whom is e-Invoicing applicable?
e-Invoicing has been made applicable from 1st October 2020 to all businesses whose aggregate turnover has exceeded Rs.500 crore limit in any of the preceding
financial years from 2017-18 to 2019-20. Notification No.61/2020 – Central Tax prescribed the turnover limit for the implementation of e-Invoicing from 1st October
2020. Notification No.71/2020 – Central Tax prescribes the time period considered for determining eligibility under e-Invoicing.
Further, from 1st January 2021, e-Invoicing will be applicable to businesses exceeding the Rs.100 crore turnover limit in any of the financial years between 2017-18
to 2019-20, as intimated in Notification No.88/2020 – Central Tax.
On 8th March 2021, the CBIC notified that e-Invoicing
will be applicable from 1st April 2021 for businesses
with a turnover of more than Rs.50 crores (in any
financial year from FY 2017-18 onwards, as intimated
in Notification No. 5/2021 – Central Tax.
However, irrespective of the turnover, e-Invoicing shall

not be applicable to the following categories of
registered persons for now, as notified in CBIC
Notification No.13/2020 – Central Tax:
An insurer or a banking company or a financial
institution, including an NBFC
A Goods Transport Agency (GTA)
A registered person supplying passenger transportation

services
A registered person supplying services by way of

admission to the exhibition of cinematographic films in
multiplex services
An SEZ unit (excluded via CBIC Notification No.

61/2020 – Central Tax)
Thank You
 By D.Hariprasad

GST Presentation Msme

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

GST Presentation Msme

Uploaded by

Copyright:

Available Formats

Index

1. Introduction of GST – 03/08/2021 time 3.00 to 5.00 P.M.

2. Filling of GST - 04/08/2021 time 3.00 to 5.00 P.M.

3. Maintaining of Bills - 05/08/2021 time 3.00 to 5.00 P.M.

Meaning VAT is a consumption tax that is GST is a destination based tax,

Point of taxation Sale of goods Supply of goods and services

Payment Mode Offline Online

Registration Compulsory if turnover is greater Compulsory if turnover is greater

Basis of taxation Summary based Transaction based

Excise Duty It is levied, on the manufacture of It is not levied.

•Aggregate turnover shall include the aggregate value of all taxable and

A taxpayer whose turnover is below Rs 1.5 crore* can opt for

Turnover of all businesses registered with the same PAN should be

Earlier Limits – For the sale of Goods/Providing Services

1. Changes in the composition scheme: The threshold of annual turnover for

2. Composition scheme was made available to service providers: New scheme

 At CGST level: Excise Duty, Service tax, surcharge and cess

 At IGST level: Central Sales Tax

Overview of GST Returns

GSTR 7 Tax Deduction at Source (TDS) return Unscheduled

GSTR 8 Tax Collection at Source (TCS) Return

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

GSTR 1 GSTR 2 GSTR 3

Tax paid in Quarter Jan- Tax to be paid in each

Tax paid in Mar’21 Tax to be paid in each month,

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

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

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

-This is the return for details of outward supplies on taxable goods or

GSTR 1: Statement for Outward Supplies

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

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

 Supplier Taxpayer will file return in electronic form only.

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

GSTR 2A: Draft of GSTR 2

GSTR 2: Statement of Inward Supplies

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

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

GSTR 1A: Addendum to GSTR 1

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

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

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

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

GSTR 1A: Addendum to GSTR 1

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

Filing GSTR 1: Demonstration Using Application

In the Services Menu, click on Returns > Returns Dashboard

Filing GSTR 1: Demonstration Using Application

1. Select Financial Year & Return Filing Period (Calendar Month)

Filing GSTR 1: Demonstration Using Application

Filing GSTR 1: Demonstration Using Application

Filing GSTR 1: Demonstration Using Application

5. Click on ADD INVOICE

Filing GSTR 1: Demonstration Using Application

Filing GSTR 1: Demonstration Using Application

Filing GSTR 1: Demonstration Using Application

Filing GSTR 1: Demonstration Using Application

12. Click on Click Here for Update

Filing GSTR 1: Demonstration Using Application

Filing GSTR 1: Demonstration Using Application