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Returns under revised GST Law

Goods and Services Tax - GST - By: - Sanjeev Singhal - Dated:- 9-1-2017 Last Replied Date:- 9-1-2017 - There are number of returns prescribed under GST law. Different returns are prescribed with due date of filing . We will discuss all provision of various return to be filed one by one. Statement of outward Supply [ Section-32] A registered taxable person shall furnish electronic statement of the details of outward supplies of goods and services for the tax period on or before the 10th of succee .....

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d on or before 17th of the next month following the tax period. The detail furnished by him under point 1 shall stand amended. Every RTP who has furnished the detail under point no.1 and remain unmatched u/s 37 and 38 shall rectify the error and omission and shall pay interest on short payment of tax, if any. No rectification for point no. 1 shall be allowed after furnishing the return u/s 34 for the month of September following the end of financial year or furnishing the annual return which eve .....

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9 [ Composition Scheme ] Person who is deducting at source Person collecting tax at source Return shall be filed in GSTR -2 after the end of 10th day but before 15th day of the following month from the end of tax period. Every RTP who has furnished the detail under point no.1 and remain unmatched u/s 37 and 38 shall rectify the error and omission and shall pay interest on short payment of tax, if any. No rectification for point no. 1 shall be allowed after furnishing the return u/s 34 for the mo .....

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source Person collecting tax at source Return shall be filed in GSTR -3 before the 20th day of the month following the end of tax period. RTP opted to file return under section 9 [ composition scheme ] will furnish GSTR -4 with in 18 days from the end of quarter. RTP who deduct tax at source u/s 46 shall furnish GSTR-7 within 10 days after the end of month. Every RTP registered as Input service distributor shall file GSTR-6 within 13 days from the end of the month. Every non resident taxable pe .....

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under point no. 1 ,2 and 4 find any error or omission, he may rectify the omission or error in the return of the month or quarter subject to the payment of interest . But the above error or omission shall not form finding of Audit, Inspection, scrutiny or enforcement . Provided , no rectification shall be allowed after furnishing the return u/s 34 for the month of September following the end of financial year or furnishing the annual return which ever is earlier First Return [ Section 35 ] Every .....

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tax credit [ Section 37] Every RTP who has furnished inward supply [ recipient ] return shall be matched with return of supplier. The credit of input tax shall be matched with the return of outward supply of supplier subject to the provisions of section 16 &17. Where ITC is in excess of the tax declare by the supplier in his return , the same shall be communicated to both. If there is duplication of ITC same shall be added to outward tax liability. If any amount is added to outward tax liabi .....

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