Filing returns under GST

[Asked by Guest]

In case of GST, statement of both Inward and outward supplies has to be uploaded in for each and every Tax period.

In case of an Assessee had only supply of Services, whether he need to upload the details of the Inward and Outward Supplies?

[KASTURI SETHI]

Yes. See Section 34.

[Ganeshan Kalyani]

There is no separate return for goods and services as both goods and services are going to be taxed as GST i.e. goods and service tax. Hence there is no separate return prescribed in draft model GST law. Thanks.

[YAGAY and SUN]

Only outward supply of services, inwards will be auto populated and it can be accepted, rejected or modified by the service provider and same with the supply of goods.

[KASTURI SETHI]

As per Section 3 'Supplies' includes Services also. GSTR-1 For outward supplies, GSTR-2 for Inward supplies. Though these are auto populated. Matter should be clear now.

[Ganeshan Kalyani]

As per section 3 of draft Model GST law, goods includes service. Also section 34 of the Act states that a return of inward and outward supplies of goods and/ or services shall have to be furnished by a registered taxable person. Thanks.

AI Summary

GST return filing requires registered persons to submit both inward and outward supply statements each tax period.
A registered taxable person must furnish returns of both inward and outward supplies for each tax period; supplies include services so service-only assessees must file. Outward supplies are declared by suppliers (GSTR-1) and inward supplies are auto-populated into the recipient's return (GSTR-2) which the recipient may accept, reject or modify, creating an obligation to reconcile supplier- and recipient-reported transactions.