TaxTMI 
TaxTMI 
Exports under GST
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....xports under GST<br>By: - Kishan Barai<br>Customs - Import - Export - SEZ<br>Dated:- 22-7-2017<br><br>No amendments have been made to the drawback provisions (Section 74 or Section 75) under Customs Act 1962 in the GST regime. Hence, the drawback scheme will continue in terms of both section 74 and section 75. Option of All Industry Rate (AIR) as well as Brand Rate under Section 75 shall also continue. Drawback under section 74 will refund Customs duties as well as Integrated Tax and Compensation Cess paid on imported goods which are re-exported. At present Duty Drawback Scheme under section 75 neutralises Customs duty, Central excise duty and Service Tax chargeable on any imported materials or excisable materials used or taxable services used as input services in the manufacture of export goods. Under GST regime, Drawback under section 75 shall be limited to Customs duties on imported inputs and Central Excise duty on items specified in Fourth Schedule to Central Excise Act 1944 (specified petroleum products, tobacco etc.) used as inputs or fuel for captive power generation. A transition period of three months is also being provided from date of implementation of GST i.e. 1.7.2....
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....017. During this period, existing duty drawback scheme under section 75 shall continue. For exports during this period, exporters can claim higher rate of duty drawback (composite AIR) subject to conditions that no input tax credit of CGST/IGST is claimed, no refund of IGST paid on export goods is claimed and no CENVAT credit is carried forward. A declaration from exporter and certificate from jurisdictional GST officer in this regard has been prescribed in the notification related to AIRs. This will prevent double availement of neutralisation of input taxes. Similarly, the exporter can claim brand rate for Customs, Central Excise duties and Service Tax during this period. Exporters also have the option of claiming only the Customs portion of AIR and claim refund/ITC under GST laws. All Industry Rates for the transition period shall be notified before 1.7.2017. The AIR for post transition period shall be notified in due course of time. The certificates from jurisdictional GST officer as referred above may not be available during initial days. As per Systems design, whenever higher rate (composite rate) of drawback is claimed, the non-availment of credit certificate is a mandator....
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....y document and unless it is recorded as available, shipping bill will not move to LEO stage. In such a situation, all field formations shall ensure that exports are not delayed for requirement of the said certificate. The way out in such situation for the exporter is to amend the shipping bill to claim lower rate. The exporter will have an option to file supplementary claim as per Drawback Rules at a later date once the certificate is obtained. A similar issue in respect of Cenvat credit has been examined and clarified in the past vide Instruction no. 609/159/2016-DBK dated 13.03.2014. Secondly, it could be possible that export goods may be manufactured by using both Central Excise/Service Tax paid and CGST/IGST paid inputs and inputs services or only CGST/IGST paid inputs and inputs services. In such situation, an exporter opting to claim composite rate of duty drawback during transition period has to give specified declaration and produce certificates as stated above so that he does not claim double benefit. Exporter will have to reverse the ITC if any availed and also ensure that he does not claim refund of ITC/IGST. Requisite certificate from GST officer shall also be required....
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.... to this effect. As mentioned earlier, exporters will also have option of claiming credit/refund of CGST/IGST and claim Customs rate drawback. XIII. Refund of IGST paid on exports and Export under Bond scheme: Under GST regime exports would be considered as zero-rated supply. Any person making zero rated supply (i.e. any exporter) shall be eligible to claim refund under either of the following options, namely: -- (a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit; or (b) he may supply goods or services or both, subject to such conditions, safeguards and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied, in accordance with the provisions of section 54 (Refunds) of the Central Goods and Services Tax Act or the rules made there under (i.e Refund Rules 2017). For the option (a),procedure to file refund has been outlined in the Refund Rules under GST. The exporter claiming refund of IGST will file an application elec....
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....tronically through the Common Portal, either directly or through a Facilitation Centre notified by the GST Commissioner. The application shall be accompanied by documentary evidences as prescribed in the said rules.Application for refund shall be filed only after the export manifest or an export report, as the case may be, is delivered under section 41 of the Customs Act, 1962 in respect of such goods. For the option (b),the shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax paid on the goods exported out of India and such application shall be deemed to have been filed only when the person in charge of the conveyance carrying the export goods duly files an export manifest or an export report covering the number and the date of shipping bills or bills of export and the applicant has furnished a valid return. For both option (a) and (b) exporters have to provide details of GST invoice in the Shipping bill. ARE-1 which is being submitted presently shall be dispensed with except in respect of commodities to which provisions of Central Excise Act would continue to be applicable. XIV. Change in export Procedures: Electronic as well as....
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.... manual Shipping Bill formats including Courier Shipping Bill are being amended to include GSTIN and IGST related information so as to ensure that the export benefits like refund of IGST paid as well as accumulated input tax credit can be processed seamlessly. For the benefit of the trade, modified Forms have been hosted on the departmental website, www.cbec.gov.in. Further, suitable notifications shall be issued to amend the relevant regulations and introduce modified Forms. XV. Export under factory stuffing procedures: In the context of GST, taking into account the obligation of filing GSTR 1 and GSTR 2 by exporters who are registered under GST, Board intends to simplify the procedure relating to factory stuffing hitherto carried out under the supervision of Central Excise officers. It is the endeavour of the Board to create a trust based environment where compliance in accordance with the extant laws is ensured by strengthening Risk Management System and Intelligence mechanism of the department. Suitable circular in this regard would be issued. Until then the extant instructions on the issue may be followed. Reply By KASTURI SETHI as = Sh.Kishan Barai Ji, Compilation is a....
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....n art and you have threaded perfectly. It is not everybody's cup of tea. Dated: 24-7-2017 Reply By NARENDRA SEKSARIA as = AN EXCELLANT SERVICE TO ALL FOR IMPARTING EDUCATION ON GST-IMPORTS-EXPORTS- Dated: 24-7-2017 Reply By Avinash Gopalakrishnan as = And for the merchant exporter Dated: 24-7-2017 Reply By Srikantha Rao T as = Excellent article Dated: 25-7-2017 Reply By Ganeshan Kalyani as = Nice one . thanks Dated: 26-7-2017 Reply By raghunandhaanan r vi as = Very Good Article... Dated: 27-7-2017 Reply By HimansuSekhar Sha as = Very nice article. I use to read it again and again. Thank you very much. Can you please solve one query (i) One person despatched goods for export during the month of June under ARE-1 (ii) The goods are in port and the export order cancelled (iii) How to export the goods to another person when the ARE-1 has been dispensed with . (iv) What is the procedure for making the invoice when the goods are with the port. With regards Himansu Dated: 27-7-2017 ============= Document 1Form GSTR-1 [See rule (59(1)] Details of outward supplies of goods or services 1. GSTIN 2. (a) Legal name of the registered person (b) Trade name, if any 3.....
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.... (a) Aggregate Turnover in the preceding Financial Year (b) Aggregate Turnover - April to June, 2017 Year Month 4. Taxable outward supplies made to registered persons (including UIN-holders) other than supplies covered by Table 6 (Amount in Rs. for all Tables) Place of GSTIN/ UIN Invoice details Rate Taxable No. Date Value value Amount Tax Integrated Central Tax State / Cess UT Tax Supply (Name of State/UT) 1 2 3 4 5 6 7 8 9 10 11 4A. Supplies other than those (i) attracting reverse charge and (ii) supplies made through e- commerce operator 4B. Supplies attracting tax on reverse charge basis 4C. Supplies made through e-commerce operator attracting TCS (operator wise, rate wise) GSTIN of e-commerce operator 5. Taxable outward inter-State supplies to un-registered persons where the invoice value is more than Rs 2.5 lakh Place of Supply (State/UT) Invoice details Rate Taxable Amount No. Date Value Value Integrated Tax Cess 1 2 3 4 5 6 7 8 5A. Outward supplies (other than supplies made through e-commerce operator, rate wise) 78 5B. Supplies made through e-commerce operator attracting TCS (operator wise, rate wise) GSTIN of e-commerce operator 6. Zero rated supplies and Deemed Exports G....
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....STIN of recipient Invoice details Shipping bill/Bill of export Integrated Tax No. Date Value No. Date Rate Taxable Amt. value 2 3 4 5 8 6A. Exports 6B. Supplies made to SEZ unit or SEZ Developer 6C. Deemed exports 7. Taxable supplies (Net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5 Rate of tax Total Taxable value 2 Amount 3 4 Integrated Central State Tax/UT Tax 5 Cess 6 1 7A. Intra-State supplies 7A (1). Consolidated rate wise outward supplies [including supplies made through e-commerce operator attracting TCS] 7A (2). Out of supplies mentioned at 7A(1), value of supplies made through e-Commerce Operators attracting TCS (operator wise, rate wise) GSTIN of e-commerce operator 7B. Inter-State Supplies where invoice value is upto Rs 2.5 Lakh [Rate wise] 7B (1). Place of Supply (Name of State) 7B (2). Out of the supplies mentioned in 7B (1), the supplies made through e-Commerce Operators (operator wise, rate wise) GSTIN of e-commerce operator 8. Nil rated, exempted and non GST outward supplies .. 79 Description Nil Rated Exempted Non-GST 1 8A. Inter-State supplies to registered persons 8B. Intra- State supplies to registered perso....
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....ns 8C. Inter-State supplies to unregistered persons 8D. Intra-State supplies to unregistered persons Supplies (Other than Nil rated/non-GST supply) supplies 2 3 4 9. Amendments to taxable outward supply details furnished in returns for earlier tax periods in Table 4, 5 and 6 [including debit notes, credit notes, refund vouchers issued during current period and amendments thereof] Details of original Revised details of document or Rate Taxable details of original Debit/Credit Amount Value Place of supply document GSTIN Inv. Inv. GSTIN Invoice Shipping Value Notes or refund vouchers No. Date bill No Date No. Date 1 2 3 4 5 6 7 8 9 10 11 Integrated Central Tax State/Cess Tax UT Tax 12 13 14 15 16 9A. If the invoice/Shipping bill details furnished earlier were incorrect 9B. Debit Notes/Credit Notes/Refund voucher [original] 9C. Debit Notes/Credit Notes/Refund voucher [amendments thereof] 10. Amendments to taxable outward supplies to unregistered persons furnished in returns for earlier tax periods in Table 7 Rate of tax 1 Total Taxable value 2 Amount Tax period for which the details are Integrated 3 Central 4 State/UT Tax 5 Cess 6 being revised 10A. Intra-State Supplies [including sup....
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....plies made through e-commerce operator attracting TCS] [Rate wise] 10A (1). Out of supplies mentioned at 10A, value of supplies made through e-Commerce Operators attracting TCS (operator wise, rate wise) GSTIN of e-commerce operator 10B. Inter-State Supplies [including supplies made through e-commerce operator attracting TCS] [Rate wise] Place of Supply (Name of State) 10B (1). Out of supplies mentioned at 10B, value of supplies made through e-Commerce Operators attracting TCS (operator wise, rate wise) 80 GSTIN of e-commerce operator 11. Consolidated Statement of Advances Received/Advance adjusted in the current tax period/ Amendments of information furnished in earlier tax period Rate Gross Advance Place of 1 Amount Cess 7 Received/adjusted supply Integrated Central State/UT| 2 3 4 5 6 I Information for the current tax period 11A. Advance amount received in the tax period for which invoice has not been issued (tax amount to be added to output tax liability) 11A (1). Intra-State supplies (Rate Wise) 11A (2). Inter-State Supplies (Rate Wise) 11B. Advance amount received in earlier tax period and adjusted against the supplies being shown in this tax period in Table Nos. 4, 5, 6 and ....
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....7 11B (1). Intra-State Supplies (Rate Wise) 11B (2). Inter-State Supplies (Rate Wise) II Amendment of information furnished in Table No. 11[1] in GSTR-1 statement for earlier tax periods [Furnish revised information] Month Amendment relating to information furnished in S. No.(select) 11A(1) 11A(2) 11B(1) 11B(2) 12. HSN-wise summary of outward supplies Sr. No. HSN Description UQC Total Total Total Amount (Optional if HSN is Quantity value Taxable Value Tax Integrated Central State/UT Tax Cess Tax provided) 1 2 3 5 6 7 8 9 10 11 Sr. 13. Documents issued during the tax period Nature of document Sr. No. No. From Το Total Cancelled number Net issued 1 2 3 4 5 6 7 1 Invoices for outward supply Invoices for inward supply from 2 unregistered person 3 Revised Invoice 4 Debit Note 5 Credit Note 6 Receipt voucher 7 Payment Voucher 32 81 8 9 10 11 12 Refund voucher | Delivery Challan for job work | Delivery Challan for supply on approval Delivery Challan in case of liquid gas Delivery Challan in cases other than by way of supply (excluding at S no. 9 to 11) Verification I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my know....
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....ledge and belief and nothing has been concealed there from and in case of any reduction in output tax liability the benefit thereof has been/will be passed on to the recipient of supply. Place of Authorised Signatory Date Designation/Status.... 82 =2 Signature Name Instructions - 1. Terms used: a. GSTIN: b. UIN: Goods and Services Tax Identification Number Unique Identity Number c. UQC: Unit Quantity Code d. HSN: e. POS: f. B to B: g. B to C: Harmonized System of Nomenclature Place of Supply (Respective State) From one registered person to another registered person From registered person to unregistered person 2. The details in GSTR-1 should be furnished by 10th of the month succeeding the relevant tax period. 3. Aggregate turnover of the taxpayer for the immediate preceding financial year and first quarter of the current financial year shall be reported in the preliminary information in Table 3. This information would be required to be submitted by the taxpayers only in the first year. Quarterly turnover information shall not be captured in subsequent returns. Aggregate turnover shall be auto-populated in subsequent years. 4. Invoice-level information pertaining to the tax period ....
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....should be reported for all supplies as under: (i) For all B to B supplies (whether inter-State or intra-State), invoice level details, rate-wise, should be uploaded in Table 4, including supplies attracting reverse charge and those effected through e-commerce operator. Outwards supply information in these categories are to be furnished separately in the Table. (ii) For all inter-State B to C supplies, where invoice value is more than Rs. 2,50,000/- (B to C Large) invoice level details, rate-wise, should be uploaded in Table 5; and (iii) For all B to C supplies (whether inter-State or intra-State) where invoice value is up to Rs. 2,50,000/- State-wise summary of supplies, rate-wise, should be uploaded in Table 7. 5. Table 4 capturing information relating to B to B supplies should: (i) be captured in: a. Table 4A for supplies relating to other than reverse charge/ made through e-commerce operator, rate-wise; b. Table 4B for supplies attracting reverse charge, rate-wise; and 83 c. Table 4C relating to supplies effected through e-commerce operator attracting collection of tax at source under section 52 of the Act, operator wise and rate-wise. (ii) Capture Place of Supply (POS) only if ....
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....the same is different from the location of the recipient. 6. Table 5 to capture information of B to C Large invoices and other information shall be similar to Table 4. The Place of Supply (PoS) column is mandatory in this table. 7. Table 6 to capture information related to: (i) Exports out of India (ii) Supplies to SEZ unit/ and SEZ developer (iii) Deemed Exports 8. Table 6 needs to capture information about shipping bill and its date. However, if the shipping bill details are not available, Table 6 will still accept the information. The same can be updated through submission of information in relation to amendment Table 9 in the tax period in which the details are available but before claiming any refund / rebate related to the said invoice. The detail of Shipping Bill shall be furnished in 13 digits capturing port code (six digits) followed by number of shipping bill. 9. Any supply made by SEZ to DTA, without the cover of a bill of entry is required to be reported by SEZ unit in GSTR-1. The supplies made by SEZ on cover of a bill of entry shall be reported by DTA unit in its GSTR-2 as imports in GSTR-2. The liability for payment of IGST in respect of supply of services would, be ....
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....created from this Table.. 10. In case of export transactions, GSTIN of recipient will not be there. Hence it will remain blank. 11. Export transactions effected without payment of IGST (under Bond/ Letter of Undertaking (LUT)) needs to be reported under “0†tax amount heading in Table 6A and 6B. 12. Table 7 to capture information in respect of taxable supply of: 84 (i) B to C supplies (whether inter-State or intra-State)with invoice value upto Rs 2,50,000; (ii) Taxable value net of debit/ credit note raised in a particular tax period and information pertaining to previous tax periods which was not reported earlier, shall be reported in Table 10. Negative value can be mentioned in this table, if required; (iii) Transactions effected through e-commerce operator attracting collection of tax at source under section 52 of the Act to be provided operator wise and rate wise; (iv) Table 7A (1) to capture gross intra-State supplies, rate-wise, including supplies made through e-commerce operator attracting collection of tax at source and Table 7A (2) to capture supplies made through e-commerce operator attracting collection of tax at source out of gross supplies reported in Table....
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.... 7A (1); (v) Table 7B (1) to capture gross inter-State supplies including supplies made through e-commerce operator attracting collection of tax at source and Table 7B (2) to capture supplies made through e-commerce operator attracting collection of tax at source out of gross supplies reported in Table 7B (1); and (vi) Table 7B to capture information State wise and rate wise. 13. Table 9 to capture information of: (i) Amendments of B to B supplies reported in Table 4, B to C Large supplies reported in Table 5 and Supplies involving exports/ SEZ unit or SEZ developer/ deemed exports reported in Table 6; (ii) Information to be captured rate-wise; (iii) It also captures original information of debit / credit note issued and amendment to it reported in earlier tax periods; While furnishing information the original debit note/credit note, the details of invoice shall be mentioned in the first three columns, While furnishing revision of a debit note/credit note, the details of original debit note/credit note shall be mentioned in the first three columns of this Table, (iv) Place of Supply (POS) only if the same is different from the location of the recipient; (v) Any debit/ credit note p....
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....ertaining to invoices issued before the appointed day under the existing law also to be reported in this table; and (vi) Shipping bill to be provided only in case of exports transactions amendment. 14. Table 10 is similar to Table 9 but captures amendment information related to B to C supplies and reported in Table 7. 15. Table 11A captures information related to advances received, rate-wise, in the tax period and tax to be paid thereon along with the respective PoS. It also 85 includes information in Table 11B for adjustment of tax paid on advance received and reported in earlier tax periods against invoices issued in the current tax period. The details of information relating to advances would be submitted only if the invoice has not been issued in the same tax period in which the advance was received. 16. Summary of supplies effected against a particular HSN code to be reported only in summary table. It will be optional for taxpayers having annual turnover upto Rs. 1.50 Cr but they need to provide information about description of goods. 17. It will be mandatory to report HSN code at two digits level for taxpayers having annual turnover in the preceding year above Rs. 1.50 Cr but....
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.... upto Rs. 5.00 Cr and at four digits level for taxpayers having annual turnover above Rs. 5.00 Cr. 86 Document 2 1. GSTIN Form GSTR-2 [See rule 60(1)] Details of inward supplies of goods or services 2. (a) Legal name of the registered person (b) Trade name, if any Auto populated Auto populated Year Month 3. Inward supplies received from a registered person other than the supplies attracting reverse charge (Amount in Rs. for all Tables) GSTI Invoice Rat Taxabl Amount of Tax Place of Whether Amount of ITC available details e e supply input or of value (Name suppli N Dat Valu Integrat Centr Stat CES of input Integrat service/ed Tax Centr Stat Ces al e/ S er 0 ee ed tax al e/ S State/U Capital Tax UT Tax UT T) goods Tax (incl plant Tax and 10 1 23 4 5 machiner y)/ Ineligible for ITC 6 7 9 10 11 12 13 14 15 16 e e value Integrat Centr Stat CES 4. Inward supplies on which tax is to be paid on reverse charge GSTI Invoice N details of suppli N Dat Valu Rat Taxabl Amount of Tax |Place of Whether | Amount of ITC available supply input or (Name er O ee ed tax al e/ of State/U input Integrat Centr service/e....
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....d Tax Capital Stat Ces al e/ S Tax UT Tax UT T) goods Tax (incl. Tax plant and machiner y)/ Ineligible for ITC 1 23 6 7 8 9 10 11 12 13 14 15 16 4A. Inward supplies received from a registered supplier (attracting reverse charge) 89 4B. Inward supplies received from an unregistered supplier 4C. Import of service 5. Inputs/Capital goods received from Overseas or from SEZ units on a Bill of Entry GSTIN Details of bill of Rate Taxable Amount of supplier No. entry Date Value value Whether input / Amount of ITC available Integrated Cess Tax Capital Integrated Cess goods(incl. Tax plant and machinery)/ Ineligible for ITC 1 2 3 4 5 7 8 9 10 11 5A. Imports 5B. Received from SEZ Port code +No of BE=13 digits Assessable Value 6. Amendments to details of inward supplies furnished in returns for earlier tax periods in Tables 3, 4 and 5 [including debit notes/credit notes issued and their subsequent amendments] Details of Revised details of Rat Taxabl Amount original invoice e e Place Whethe Amount of ITC available of r input invoice/Bill value Ces of entry No y service/ GSTI No Dat|GSTI No Dat|Valu Integra....
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....t Centr State/UCes ed Tax al Tax T Tax suppl or input Integrat Centr State/Us Capital ed al Tax T Tax Ne Need Tax ITC) 1 23 4 56 7 8 9 10 11 12 1 14 15 16 17 18 19 3 6A. Supplies other than import of goods or goods received from SEZ [Information furnished in Table 3 and 4 of earlier returns]- If details furnished earlier were incorrect 6B. Supplies by way of import of goods or goods received from SEZ [Information furnished in Table 5 of earlier returns]-If details furnished earlier were incorrect 6C. Debit Notes/Credit Notes [original] 90 90 6D. Debit Notes/ Credit Notes [amendment of debit notes/credit notes furnished in earlier tax periods] 7. Supplies received from composition taxable person and other exempt/Nil rated/Non GST supplies received Description 7A. Inter-State supplies 7B. Intra-state supplies 8. ISD credit received Composition taxable person 2 Value of supplies received from Exempt supply Nil Rated supply Non GST supply 3 4 5 GSTIN of ISD ISD Document Details ISD Credit received Amount of eligible ITC No. Date Integrated Central State/ Cess Integrated Central State/UT Cess 8A. ISD Invoice 8B. ISD Credit Note Tax ....
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.... Tax UT Tax Tax Tax Tax 2 3 4 5 6 7 8 9 10 11 9. TDS and TCS Credit received GSTIN of Deductor/ Gross Sales Value Return Net Value Amount GSTIN of e- Integrated Tax Central Tax State Tax /UT Tax Commerce Operator 1 2 3 4 5 6 7 9A. TDS 9B. TCS 91 10. Consolidated Statement of Advances paid/Advance adjusted on account of receipt of supply Rate Gross Advance Place of supply Amount Paid 1 2 (Name of Integrated Central State/UT) 3 State/UT Tax Cess Tax Tax 4 5 7 (I) 10A. Information for the current month Advance amount paid for reverse charge supplies in the tax period (tax amount to be added to output tax liability) 10A (1). Intra-State supplies (Rate Wise) 10A (2). Inter -State Supplies (Rate Wise) 10B. Advance amount on which tax was paid in earlier period but invoice has been received in the current period [ reflected in Table 4 above] 10B (1). Intra-State Supplies (Rate Wise) 10B (2). Intra-State Supplies (Rate Wise) II Amendments of information furnished in Table No. 10 (I) in an earlier month [Furnish revised information] Month Amendment relating to information furnished in S. No.(select) 10A(1) 10A(2....
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....) 10(B1) 10B(2) 11. Input Tax Credit Reversal / Reclaim Description for reversal of ITC To be added to or reduced from output liability 2 Amount of ITC Integrated Tax Central State/UT CESS Tax Tax 3 4 5 6 1 A. Information for the current tax period (a) Amount in terms of rule 37(2) To be added (b) Amount in terms of rule 39(1)(j)(ii) To be added (c) Amount in terms of rule 42 (1) (m) To be added (d) Amount in terms of rule To be added 43(1) (h) (e) Amount in terms of rule 42 (2)(a) To be added (f) Amount in terms of rule 42(2)(b) (g) On account of amount paid subsequent to reversal of ITC 92 22 To be reduced To be reduced (h) Any other liability (Specify) B. Amendment of information furnished in Table No 11 at S. No A in an earlier return Amendment is in respect of information furnished in the Month Specify the information you wish to amend (Drop down) 12. Addition and reduction of amount in output tax for mismatch and other reasons Description Add to or reduce Amount from output Integrated Central State CESS liability Tax Tax /UT Tax 1 2 3 4 5 6 (a) ITC claimed on mismatched/duplication of invoices/debit notes ....
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.... Add (b) Tax liability on mismatched credit notes Add Reclaim on account of rectification of (c) Reduce mismatched invoices/debit notes Reclaim on account of rectification of (d) Reduce mismatched credit note (e) Negative tax liability from previous tax periods Reduce Tax paid on advance in earlier tax periods and (f) adjusted with tax on supplies made in current Reduce tax period 93 33 13. HSN summary of inward supplies Sr. No. HSN Description UQC Total Total Total Quantity value Taxable (Optional Amount Value Integrated Central State/UT Cess if HSN is furnished) Tax Tax Tax 1 2 3 4 5 6 7 8 9 10 11 Verification I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom Place: Date: Signatures... Name of Authorised Signatory Designation/Status 94 === Instructions - 1. Terms used: a. GSTIN: Goods and Services Tax Identification Number Unique Identity Number Harmonized System of Nomenclature b. UIN: C. UQC: Unit Quantity Code d. HSN: e. POS: f. B to B: g. B to C: Place of Supply (Respective State) Fr....
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....om one registered person to another registered person From registered person to unregistered person 2. Table 3 & 4 to capture information of: (i) (ii) (iii) (iv) (v) (vi) Invoice-level inward supply information, rate-wise, pertaining to the tax period reported by supplier in GSTR-1 to be made available in GSTR-2 based on auto- populated details received in GSTR-2A; Table 3 to capture inward supplies other than those attracting reverse charge and Table 4 to capture inward supplies attracting reverse charge; The recipient taxpayer has the following option to act on the auto populated information: a. Accept, b. Reject, c. Modify (if information provided by supplier is incorrect), or d. Keep the transaction pending for action (if goods or services have not been received) After taking the action, recipient taxpayer will have to mention whether he is eligible to avail credit or not and if he is eligible to avail credit, then the amount of eligible credit against the tax mentioned in the invoice needs to be filed; The recipient taxpayer can also add invoices (not uploaded by the counterparty supplier) if he is in possession of invoices and have received the good....
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....s or services; Table 4A to be auto populated; (vii) In case of invoices added by recipient tax payer, Place of Supply (POS) to be captured always except in case of supplies received from registered person, where it is required only if the same is different from the location of the recipient; 95 (viii) Recipient will have the option to accept invoices auto populated as well as add invoices, pertaining to reverse charge only when the time of supply arises in terms of section 12 or 13 of the Act; and (ix) Recipient tax payer is required to declare in Column No. 12 whether the inward supplies are inputs or input services or capital goods (including plant and machinery). 3. Details relating to import of Goods/Capital Goods from outside India as well as supplied by an SEZ Unit to be reported rate-wise by recipient tax payer in Table 5. 4. Recipient to provide for Bill of Entry information including six digits port code and seven digits bill of entry number. 5. Taxable Value in Table 5 means assessable value for customs purposes on which IGST is computed (IGST is levied on value plus specified customs duties). In case of imports, the GSTIN would be of recipient tax pay....
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....er. 6. Table 6 to capture amendment of information, rate-wise, provided in earlier tax periods in Table 3, 4 and 5 as well as original/ amended information of debit or credit note. GSTIN not to be provided in case of export transactions. 7. Table 7 captures information on a gross value level. 8. An option similar to Table 3 is not available in case of Table 8 and the credit as distributed by ISD (whether eligible or ineligible) will be made available to the recipient unit and it will be required to re-determine the eligibility as well as the amount eligible as ITC. 9. TDS and TCS credit would be auto-populated in Table 9. Sales return and Net value columns are not applicable in case of tax deducted at source in Table 9. 10. The eligible credit from Table 3, Table 4 & Table 8 relating to inward supplies to be populated in the Electronic Credit Ledger on submission of its return in Form GSTR-3. 11. Recipient can claim less ITC on an invoice depending on its use i.e. whether for business purpose or non-business purpose. 12. Information of advance paid pertaining to reverse charge supplies and the tax paid on it including adjustments against invoices issued should be r....
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....eported in Table 10. 13. Table 12 to capture additional liability due to mismatch as well as reduction in output liability due to rectification of mismatch on account of filing of GSTR- 3 of the immediately preceding tax period. 14. Reporting criteria of HSN will be same as reported in GSTR-1. 96<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....