Taxmann's GST Mini Ready Reckoner

About the Authors CA AKHIL SINGLA

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PAVAN KUMAR GAUR

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I-5

Preface TEAM WORK MAKES THE DREAM WORK

The above phrase truly justifies the efforts with which this book “GST - Mini ready reckoner” has been drafted. The book is drafted with a view to provide the readers an understanding of GST and an ease in complying with the GST law. With the simplicity of language used, the sole aim was to deliver a handy book which would provide the basic working knowledge of GST mechanism.

We feel proud to acknowledge that this is our 3rd publication on GST, which would not have been possible without the mutual efforts of our team.

The Vision of this publication was to make even a common man understand the concepts of GST Law and also to meet the requirements of beginners & professionals belonging to this field. The book will take you step by step through the process of GST mechanism starting from the meaning of Goods & Services to the end procedure of payment of tax & penalties under the law.

In this book, we have tried to explain each and every concept to its fullest through the relevant examples,

I-7

E C A F E R P

I-8

FAQs, flow charts and diagrams. This method will help you to understand, to implement and to comply with the complicated law of GST. CA AKHIL SINGLA PAVAN KUMAR GAUR

Acknowledgements We thanks to TAXMANN for their efforts in publishing of this book and to CA Ganesh Kumar Garg for his never ending truly inspirational support. Without his guidance and endless support this would remain a dream forever.

My foremost thanks goes to my parents as well as my soul mate, CA Shweta Singla, for her infinite support & understanding. My special thanks to all the team members: Anisha Bhateja, Deepanshu Singla, Madhur Goel, Mayank Singla, Yatendra Dubey, Roshani Neupane and Nitin Garg without whom this endeavour could not have been possible to achieve. May this book gives enough encouragement to all of us to go harder & wish confidence for every milestone yet to conquer.

- CA Akhil Singla I truly dedicate this book to my parents, my wife and my loving daughters, who have remained by my side in my ups & downs and their constant support and encouragement led me to write this book efficiently and with creativity. The idea of writing this book started with my senior and my inspiration CA Akhil Singla Sir and my hearty thanks to him for this initiative.

- Pavan Kumar Gaur

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GST Compliance Chart for April 2021 - April 2022 1. Form GSTR 1/IFF Facility: Due dates

1 2 0 2 t s u g u A

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1 2 r e b o t c O 1 1

1 2 r e b m e v o N 1 1

1 2 0 2 r e b m e v o N

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1 2 0 2 r e b m e c e D

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1 1 2 2 0 0 2 2 5 6 0 0 1 1 0 0 d d e t e t a a d d x x a a T T l a l a r r t t n n e e C C - 1 1 2 2 0 0 2 2 / / 3 7 1 2 . o . o N N n n o i o i t t a a c c fii fi i t t o o N N . 3 .

2

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Extended Due Date Due date Month/Quarter Particulars

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2 2 y r a u r b e F

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2 2 l i r p A 3 1

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2 2 y r a u n a J y l r e t r a u Q) (1 PR MT RS QG

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Interest Rate Tax paid

No Late Fees till5 Relaxation in Interest4 Due date of tax payment and return filing Tax Period Turnover in PFY

Extended Due Date Due date Month/Quarter Particulars

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2. Form GSTR 3B for March 2021 to June 2021: Due dates, Tax payment, Late Fee and Interest

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Return Due date:

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Interest Rate Tax paid

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I-13

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,dd a l n n a aa r s nd e Kan ,ma a l as oD I Gf r a ,o a b so ke ar c ii t a oN nt id rr n a r e a Kt n ,na a o r im t n h a sUd a en r h A a hty , arr o Mh r e ,s h t ec a du r ad a j r u u PP Ga, rl i ,h h e sdv e na dA H ar r r Poa g aaa ynN a hg d dn aa n a l Me ap ,Tr h e ,de ru aw a dD ga d s i a tNdh n t l i a as hmuk hai a CTDL .

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I-14

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2 2 0 2 L I R P A 1 2 0 2 L I R P A R O F T R A H C E C N A I L P M O C T S G

I-15

3. Form GSTR 3B for July 2021 to March 2022: Due dates and Tax payment

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9

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Period/Month/ Quarter Particulars

Relaxation in Interest11 Due date Particulars

I-16

4. Filing of CMP-08

5. Other Due dates

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I-17

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1 1 2 e n u J 0 - - - - - 3

1 2 r e b m e c e D 0 2

2 2 y r a u r b e F

r o F ( ) 8r o Rc t Te Sl l Go mC rS oC FT

2 2 y r a u n a J

r o F ( ) r 7o t Rc Tu Sd Ge D m rS oD FT

1 2 r e b m e c e D r o F ( 6 R T S G m) rD oS FI

1 2 r e b m e v o N

Extended Due Date Due date Period/Month/ Quarter Particulars

n o i t a c fi i t o N h t i w d a e r 1 2 0 2 5 0 1 0 d e t 1 a 2 d0 2 xa6 T0 l1 a 0 r t d n e et Ca -d 1x 2a 0T 2l /a 4r t 1n .e o NC n1 o2 i t 0 a 2 c/ fi4 i t 2 o .

No .N a 4 1

2 2 0 2 L I R P A 1 2 0 2 L I R P A R O F T R A H C E C N A I L P M O C T S G 1 2 r e b m e c e D 0 1

1 2 r e b m e c e D

2 2 y r a u n a J 0 1

2 2 y r a u n a J

2 2 y r a u r b e F 0 1

2 2 y r a u r b e F

2 2 h c r a M 0 1

2 2 h c r a M

2 2 l i r p A 0 1

1 2 0 2 0 2 Y F

1 2 r e b m e c e D 1 3

1 2 0 2 0 2 Y F

1 2 r e b m e c e D 1 3

y r a r u b e F 5 - 1 8 2 22

1 2 r e b m e v o N 0 1

1 2 r e b m e v o N

6

1 1 2 e n u J 0 3 9 2

o t 1 2 l 1 i r 2 pAe -n 5 u 1J

-

A N yisd a monl e p h t orap e d cpfa hl o i ryo cpr ong,ime h y f n ai l wop p c l t f fi i e. s i c mo,r nh te i s e t , L ngl e g onanbn i ei e o d i t i r me tu ept o il epa T pc acnd -

y r a r u b e F 5 - 1 8 2 - - - - - - - 22

1 2 r e b o t c O 0 1

1 2 r e b o t c O

i l mi rc) ont o Fc n e fe o m R e g(t nCa i t 9 h S sR i n n rTi o uSt FGa

1 2 r e b m e t p e S

l a mu rn on FA f( o A g9 n/ i ) 9 h n -r sR i n u rTt uSe FGR

-

Extended Due Date Due date Period/Month/ Quarter Particulars

I-18

s rer mi bo e ih a dd l t l c n u e Cnov i Tswe Ir ) h ’ toF t a y hdFb n I t ‘ e( dvy d eyi e th db l i is v c i odan re r pdFuy . ragfi t n s o e i l e l i i h l p c c r s i ui a a o n F etr v n 7oui F 1nFe F 0ee I hh 2r ct , i fg sao e h ou l o cv%r n u i I 5h Rhh t o/ Twgt up 1 Sso uR Ger c i Co hmT t ev ruS hn t iomG i ff1x m o o Ra r )tTm o 4 c F S ( eG dr 6 p i ee 3s mwh ee l r r ot u l ol nF n Ri ai

6. Relaxation of Rule 36(4)

,y1 . l i l2 r pp0 p Aa 2 e fdn o l u huJ o t w g n n o i ) 4 m( d n 6 f3 e o r ee tl c t eur pRa sfu e q o/ r nd no i o i i tr ni e ed vnp i oe g h sCt a hr o wcf i 7h 1wn r n u ort i oe t f a r x1e a2 h l 0 t e 2n r i dey rnl u a e gJv e t i d r a nl sa i u h ym t au nMc I

1 xhacR t u ts T u fS po G ns i lMB . i ta R2 a t he O t R d F 8 1 T f n d i i S enr G e do i i l s v M p orp R reu pps O ndyF ee e erbh e d bs t et h si n g i a s i hen d e rt tru i c ,af y 2 e t fl 2bo 0 n e d 2e r et ,l r t i o a s a 1 vsn e e yat r r o e a a n ubt s l nti i a aobt Jnee d . l d fl r . a o e h hs . c wse u tc ,i s i wd o d ev or n na Nc i

1 2 0 2 / 3 1 / e7 h5 t 1 1 o. o 2 tN 0 tr 2 ca e jl , b h u t c 9 ur s 2 , i r 1C 2 e h 0t b 2 i m w e 6d c 0a e 1 e D 0r 1 d2 d e e t 0 t a 2 a D d9 0 x xa a3 T T2 l l a d a re r t t t n a n d e et C Cr - -u 1 1 2 2o1 0 0C2 2 2e0 / /m2 0 4ey 2 4 . rl pu . o o uJ N NS0 f2 n no o d o i te i t n t t a a a ced c fi m fii i tgT t o dS o uG N Nj . 6 .

5 1 1

suo-moto

1 2 0 2 , h t 9 2 1 r 2 e 0 b 2 m 6 e 0 c e 1 0 D d d e e t t a a d D x x a a T T l l a a r r t t n n e e C C - 1 1 2 2 0 0 2 2 / / 7 0 2 4 . o . o N N n n o i o i t a t a c c fii fi i t t o o N N . 8 .

7 1 1

Compliance Related Relief Measures*

u

nd rn ua t e T r rS e pG 0C 0r 5o Rf Nh Ic a fe o m 0 u5 ) m2T iRS x aNG IS M( x a a it l e xv ai t t c Le Ip Ns e gr ne i h v at hg n sr i r e yud ado pyi t xl r i ai e Tb p

T eS r G rC e p r 0o 0f 0h 1c Ra Ne I0 0 f5 o ) mRT NS uI G m( inS x d arn ua Mt

fn i e ye l n w oe t yb l p d pe ah s di l n u r ou wf e er ea f s ed t o a l i r fe o p tx n ua t oe ms . e 1 ah 2 dt 0 er2 co1 . uf1 ds. en0 r r 3 uo et he t t 1 ,r2 B r e 30 v2 . e 6 R wT0 . oS1 HG0

R N I ( n r u) t T e S r rG e S pd 0n 0a 5T RS NG IC fr o o mf h uc ma e i x0 a5 M2

x a t L I N g n i v a h s r e y yt al i pi xb ai a Tl

Late Fees (in INR)

Category of Taxpayers

-

s r e y a p x a T r e h t O

u

es ha t d re op f p a Bc 3n Re Te Sb s Ga h m1 r2 o0 F2 , gi l nr i p h sA i n o rt u7 F1 0 n2 i , y yl au l J e dm ro or f f sd e o: ei s r Fe w epl o t xl a o af Lt

Amnesty Scheme has been introduced to provide relief to taxpayers regarding late fees for pending GST Returns.

Late Fees (in INR)

Category of Taxpayers

-

Rationalization of Late fees - The Late Fees for delay in furnishing of Form GSTR-3B and GSTR-1 for prospective tax periods has been capped as mentioned below:

. s d r a w n o 1 2 0 2 , e n u J t s 1 n o d e u s s i n e e b e v a h s n o i s i v o r p e s e h t r o f s n o i t a c fi i t o n e h t l l A *

I-19

S E R U S A E M F E I L E R D E T A L E R E C N A I L P M O C

) ” OR TN lA a I uAo “ n( t nr p Ae u vr go a nn i e ry v aug hTn sei r tde e a er yg co ae er pr r c xgp5 agn.

TAi 1

R N I ( n r) uT t S e r G rS e pd 0n 0a 0T 2S RG NC Ir fo o f mh c ua me i 0 x0 a0 M1 R N nI i .

Onr e eo Te Aw r c At ge5 nbR i rN v a ae I hy o sgt r e nr e yio adr e pc c xe 5 ar .

Tp 1

R N I ( n r) uT t S e r G rS e pd 0n 0a 0T 5S RG NC Ir fo o f mh c ua me i 0 x0 a5 M2 5 nR i N OI Te Av Ao gb na i r v a ae hy sg r n e yis d ae e pc r xe o ar r Tp c

n r) uT t S e r G rS e d pn 0a 0T 0S 0G 1C r Ro Nf Ih c fa o e 0 m0 u0 m5 i xR aN I M( g n i v a h s r e y a p xy at Tl i i nb oa i i t i L s ox pa mT l oi CN

R N I ( n r u) t T e S r rG e S pd 0n 0a 5T RS NG IC fr o o mf h uc ma e i x0 a5 M2 g n i v a h s r e y a p x a T n oy i t t i i l i s ob a pi ml x oa Ct

R N I ( n r) uT t S e r G rS e pd 0n 0a 0T 2S RG NC Ir fo o f mh c ua me i 0 x0 a0 M1 1 2 .

4 1 02 . .

1 5 20 . m5 o0 ro Ft

r e t f a 1 r2 . o5 0 . n6 O0

1 2 .

5 1 02 . .

1 6 20 . m4 o0 ro Ft

r e t f a 1 r2 . o6 0 . n5 O0

1 2 .

6 1 02 . .

1 7 20 . m5 o0 ro Ft

r e t f a 1 r2 . o7 0 . n6 O0

1 2 0 2 / 4 0 / 0 2

o t 11 2.

2 .

5 m4 0.

0 o. r1 5 F20

1 2 .

5 1 02 . .

6 6 00 . m9 o1 ro Ft

r e t f a 1 r2 . o6 0 . n0 O2

1 2 0 2 / 5 0 / 0 2

o t 11 2.

2 .

6 m5 0.

0 o. r1 4 F20

1 2 .

6 1 02 . .

5 7 00 . m4 o0 ro Ft

r e t f a 1 r2 . o7 0 . n5 O0

1 2 0 2 / 6 0 / 0 2

o t 11 2.

2 .

7 m6 0.

0 o. r1 5 F20

1 2 .

7 1 02 . .

6 7 00 . m0 o2 ro Ft

r e t f a 1 r2 . o7 0 . n1 O2

, 1 y2 a0 M2

l l e i t t da ed l e fi u fd I 1 2 0 2 / 6 0 / 0 2

,1 l i2 r p0 A2

l l e i t t da ed l e fi u fd I 1 2 0 2 / 5 0 / 0 2

, h , c1 , l 1 1 i2 y r r 2 a 2 a0 p0 0 M2 M2 A2

e r o f e b r o n o 1 d2 e. l 5 i f 0 .

5 f0 I

1 2 0 2 / 4 0 / 0 2

Nil Late Fees

1 2 0 2 h c r a M

Due Date

rs u e vor i ov a ne e rr Y uP l T a n i eic t en a r a go n er i r cF g g5 A>

Tax Period

Taxpayer Category

l l e i t t da ed l e fi u fd I 1 2 0 2 / 4 0 / 0 2 , h c1 r 2 a 0 M2

l e 5 i a v t e i c a<r n grPa e n ev n ii ro F e gnr r r sa ou gu e ro Y ATc

-

Interest @ 9% Interest @ 18% Nil Interest

Taxpayer Cat- Tax Pe- Due Date egory riod

l e 5 i a v t e i c a>r n grPa e n ev n ii ro F e gnr r r sa ou gu e ro Y ATc -

Late Fees (in INR) Category of Taxpayers

I-20

Chargeability of Interest on delayed filing of GSTR-3B for the Tax periods March, April and May.

Waiver of Late fees on delayed filing of GSTR-3B for the Tax periods March, April and May if filed till specified date.

1 2 0 2 / 5 0 / 0 2

e r o f e b r o n o1 2 d. e6 l 0 i. f 4 f0 I 1 2 0 2 / 6 0 / 0 2

e r o f e b r o n o1 2 d. e7 l 0 i. f 5 f0 I 1 2 0 2 / 4 0 / 0 2

e r o f e b r o n o1 2 d. e6 l 0 i. f 9 f1 I

1 2 0 2 l i r p A

1 2 0 2 / 5 0 / 0 2

e r o f e b r o n o1 2 d. e7 l 0 i. f 4 f0 I

1 2 0 2 , y a M

1 2 0 2 / 6 0 / 0 2

e r o f e b r o n o1 2 d. e7 l 0 i. f 0 f2 I

u

n e e b s a h 1 2 0 2 0 2 Y F e h t r o f 4 0 C T I1 . f2 o 0 2 g. n6 i 0 l i .

0 F 3 rl oi l f t ed t e a d dn e et ux De

u

h g u o r h t s n r u t e r T S G r i e h t e l fi o t e u n i t n . o1 c2 0 n2 . a0 c1 . s1 e 3 i n l l ai pt mC oV CE

r 1e 2v 0 o 2n 0r 2u t Yl a Fu rn on f a 9e t Ra Tg Se r Gg g Ma Rg n Oi Fv a nh i s nr re uy t a e r p lx a a ut . nrr e o nf o al r a fn C o 2 go. i t np s i l R o i f eo eb t ho p Tt u

Yr5 .

Fe s cR ef hl e t ev rso onb f o C a s r r 9e e v Ryo Tan p Sx r Ga u t t Mye t Rba O g d e er Fl g n fig i ea tb n l eoa mtu n edn e t r a a i t u s h qi t ne or w i t es a i bs i l i la l c nib own c1o ei 2t . e r 0ar e2 c o h0 fir i C T2 t

sB hn n3 t o i o/ wt i 1 s ts i e v . c r oRT e At rTS Tn pSG i Sf nGn i Go f a i o Ct t r m en e e he cmt e t . nt s mt fy s y i s o y s s e t s i 0al g n t 5pr n en i nra me l e o fi of s de e i t n gh nr c r nt epu ei s dt met a i he nv i d atr toe d l t e e r n fi d ku ept a ,i naf m7 o eme d1n m o d n0 e t 2 e. e b mr h m7 e o o t cds a0t . e r e1s r a o i v0s l i g n i a c t mb i n c nt i l eo p r h u c fi sfs oAn ota Cer rcc Thu e t t t S t f e e fe f Re n Go r

u

1 2 0 2 h c r a M

u

r o f r e l a e d n1 . o2 i t 0 i s 2 . o7 p0 . m1 o3 cl l i at yd be d 4n e Rt Tx Se Gn e fe o b gs na i h l i F 1 2 ro0 f 2 0 e2 t a dY F ee uh Dt

u

1 2 0 2 , y a M

u

1 2 0 2 y a M f o h t n o m e h t r o f F F I . s / y 1a Rd T5 S1 Gy fb o d ge nd i l n fi e t rx oe f en t e a e db es ua Dh

u

s xd ae . t 1 ee2 hn0 t 2 re, ome f an ys u l e J e hf vt i o tf a h ot l u tn c me o uf m f ce e ye l h p ht ptr ado ln f l a a B h 3 e sn R Cu T T IJS gdG n na i n ly i i a d vae aMr r, e ld oi r f i p s )A 4 n ( o s 6 3dc e eob i l r u e o Rp t

u

Nil Late Fees 1 2 0 2 l i r p A rs u e vor i ov a ne e rr Y uP l T a n i eic t en a r a go n er i r cF g g5 A<

u

S E R U S A E M F E I L E R D E T A L E R E C N A I L P M O C

I-21

Due Date Tax Period Taxpayer Category

Other Compliance Related Relaxations

Other Recommendations made in 43rd Council Meeting

-

S E R U S A E M F E I L E R D E T A L E R E C N A I L P M O C

, y e bmn o rr u of J ydh t o0 t i i r r 3 oe hp o t u et ahp ytu ngd n ai e d yr n bue ,dt s x nse l l oa i e tf b c ho ac t si uh 1 . ow2 s i r , n t0o 2 a vce i ,t fAn p o T e c nSux oGJe h i t ete e 9 h2 l m p t o mros oeto cd1t rn2t ou0c 2 , f e ,j tnl o i i b r sp mr u i s le , A eph1 myt 2 0 in5 T a12 : s e d u l c n i n o i t a x a l e R

.

1 2 0 2 .

8 0 .

1 3 o t p u d i l a v e b l l a h s n o i t p m e x e s i h T

u

)dr t Me o t oa p e Gl (er s srt 9 r 1i e t e s Dv i I i n Vg i l MOl a fCh o os t pf M ue io ol re G Gre ,eh s d T i mc . eey t de l i rt le a a i hd ut dr i ue v fm i d om nt i i ds oe m. t t 1 u e2 tt t c i i 0 et l2 ps . sna6 e ou0 d r ci .

8 v hei 0 t bd i y onb Wt i

u

T S G I m o r f n o i t p m e x e. ,B s e n s i a c i cr se ut go nh up Fm kA co at l d B e gd nn i e s t i r x fe o n e we eb i v s a nh I

u

y nn9ngt eo1oni i r gi-i to ta ytDp a I h xr t nt Vmo oo e u O ,pC xda n e es ert gndloa yanlft r , u a s xt s i sfs odt f ira o lnk o bn a tft cas o e i d t e i d gt ena ea sded r r mo nmn e y t kea e ss m r p a m na n m m hemo oo cgcc y ux dc i ee t so e r s tr s o r drnnon e e ge po oh ab ot mr. i go d ioy c ddneftn enivine a a t at hneg e a m r l v s a e . e n r c e c r f r o, t ,e e e t t T i 9a ve n l ,So 1t re s r DnmeGgy I n en Iepi c m h Vci a u n t c oo Oo qar o Cc evf tt u

t rr ou f o sC e ne i l m e e mr ip t eu hS t e rb l e ’ vn eo r e H h ey . wh l ttp a yp hb a t ddd eel fid u i no r ew a t l e x c m rea e n hes t ee r h ubt fe, nvr eae ehd bsr nO so s a t i ht i cn ta I i u

yyd nbt e ad ,a fr t s o os gc t nr ec i A h re se i n hh rtt uof f o s rhn c ou o nss i ri oo i v t o tr a cnp i e l p me pe h t at r rae otd s ,n yn l u p r eud , r t e e ,r l l l a ,a et pnc pee amm yua nc n ao r fde o ,ve . t e gr t v noa o i ph l b i ew F a r u

rrye oob m ,a rnd e o n e di l rtl r. c a e on e cv v ya t eo e s n, b ma an ha foa d w n i o t e r a t ya gc e bt ni v f i e ,s i s l t t s s a a o t a pnhnc ,wuA b rn e i yr oo h b t i t gt ,rf nan o i m oos d it i nn et encoo ciaii s , s oe s ri i rc e v pi thmo yotmr nno p o e a hc y c h fnu , t y o a s r t i e nfrr d oooon i t elhu a t e c u v l , n p d o a ry e map l u l os sp na Ci aac u

I-22

Relaxation in time limit for completion and compliance under GST Law

Exemption Related Decisions

Amendments in GST enacted through the Finance Act, 20221

t i d e r C x a T t u p n I f o g n i m i a l C -

e t o n t i d e r c f o e c n a u s s I -

e h t f o t c e p s e r n i ss ; nn or i s u s t i e mr oi c rd oi o rr oe rp r n e i fd o e t nr oo i p t e a cr i s f l i i t a c t ee Rd -

: n o s n o i t c i r t s e r e s o p m i o t d e t n a r g e r a s r e w o P

h t i w x a T t u p t u o f o n o i t r o p o r pr e mg ud e ml it x i d ae mr c fc f o i n go nt r i t c t e e l Se -

T S G C f o 8 3 n o i t c e S , s e s a c d e i f i c e p sd n na i td ; i d e ec r u c d eo hr t t n ki ct oc l B A -

. d n a m e d g n i d n e p t s n i a g a d n u f e r f o s e p y t l l a g n i d l o h h t i W -

ne em ha ws d yn l n a od dl e ei wf n oe l l e a b. dsB oa 3 i hr e R dT po iS tr n eeG upf qxo eag s T n b l i s uu i f so r rio ovf e f r y 1p r o Ret h a Tt d Sr n Go fa f1 m o -o gRs nTl i Sa l i s Gi F

u

r e g d e L t i d e r C c i n o r t c e l E n i e c n a l a b f o n o i t a z i l i t U -

u

te n er up qf eo s s bn uo st i fc o a s rn e a br mt eg vn oi Nw o l hl t o 0 f 3o ot t t c pe up ds ee: drr nha t ei e t y w x l era i sac i e n tya i mli n a ic i f l s enu ao mn ii i T fv u

-

Please note that the above extended deadline shall be considered after taking into consideration the date of filing the annual return for the FY.

i.e. For FY 2021-22, the extended date shall be: - 30th November 2022 or date of filing of annual return of FY 2021-22, whichever is earlier

. t n e m n r e v o G l a r t n e C e h t y b d e fi i t o n e b o t e t a d e h t m o r f e v i t c e f f E .

1

I-23

2 2 0 2 , A F H G U O R H T D E T C A N E T S G N I S T N E M D N E M A

e h t y b 8 R T S G f o g n i l i f n o n f o e s a c n i d e i v e l e b l l a h se . et ea f d ee t a u Ld u

the n h ct eh i i y p wb i c ty es t r e i l r i ee b ht a t nl i ,i r hx e t a i i l t p f pwo g un t so n e el ham t Cy yTa bIp xeh ahc Ttu e s s fr o n teo v n r ee er t moa ytl add pee r i m n u i oq a ne l c fre e o . r r e ebe i d s l bp l a u co np au nw cs I u

e r e h w , n o i t a l l e c n a c r o f e l b a i l s i n o s r e p a f o n o i t a r t s i g e r e h T n

htg cnn uei srh r s i run oCr . f s s.uh d f ne t tn rb o ur o in t m e c r r s ox f de, i s ern f hpo o set i bid a n r li o l uye r fac e tmnp o as nscu a ro sdo a u hofn i s r i re e t t e n ypao axdc n pa a xt a asmr t u o ro n f a o u s l i n u s n i i r gt v u en ot r or e acpr n

s nenn ru r o i uds u t i ev t e e r ho r etrg hmpn t ti o drnh e f s es r i hh r n st ur i nCu n r .f uon fmrts . o teund t o ee o ri nrr o h r dfe st i a p d n a hn s ox i roet a e t a yyhl l t e aef ei v pbo ct r xa gnu ae a nc c t i y e h na s ls rn oi ioo i cnfc t i r n s s u a e e on f t e pi fa r o mf dh ent oat ar cra odmf o af

u

I-24

u

dt h ni aw d% e8 z i 1 l i t @ u ne eb el ba l sh a hs C eT mI af s o fl i a ys l r n e ov Ce. r 7 Ts 1 Ii 0 fh o t2 l l y n a ou s r J e e t t va s er 1 r tm ns oeo r r te f s t e t n r c i e e ef t f n he I t u

r de nd an Tu Sd Ge r Ce (t s ri e g ge dr es Ln o hs sr a e Cp ct i c n n ot i rs t i c ed l n E e ne i w et ce nb ad l e a t Bi t fm. o rN e rp A e f )P s nTe aSm r Ga TI s

Chapter-heads PAGE About the Authors

I-5

Preface

I-7

Acknowledgements

I-9

GST Compliance Chart for April 2021-April 2022

I-11

Compliance Related Relief Measures

I-19

Amendments in GST enacted through the Finance Act, 2022

I-23

Contents

I-27

Chapter 1 u Levy and Collection on Supply

1

Chapter 2 Nature of Supply

37

Chapter 3 Time and value of supply

64

Chapter 4 Input Tax Credit (ITC)

86

Chapter 5 GST Registration & Types of Taxpayers

I-25

134

S D A E H R E T P A H C

I-26 PAGE

Chapter 6 Composition Scheme under GST (Section 10)

162

Chapter 7 Tax Invoice, Credit & Debit Notes

182

Chapter 8 E-Way Bill

198

Chapter 9 Accounts & Records

220

Chapter 10 GST Returns

230

Chapter 11 Payment of Tax & other Dues

243

Chapter 12 Zero Rated Supply & Refund

260

Chapter 13 Assessment and Audit

270

Chapter 14 Offences & Penalties

285

Contents E G A P

About the Authors

I-5

Preface

I-7

Acknowledgements

I-9

GST Compliance Chart for April 2021-April 2022

I-11

Compliance Related Relief Measures

I-19

Amendments in GST enacted through the Finance Act, 2022

I-23

Chapter-heads

I-25

1

1.2

) 3 ( 9 n o i t c e S ( s e c i v r e S m s i n a h c e M) t ec gA r a T hS CG eC s r e e h vt ef Ro

1.5

f o ) 4 ( 9 n o i t c e S ( s d o o G m s i n a h c e M e gt ) r c a hA CT eS s G r C e ve eh Rt

1.4

f o ) 3 ( 9 n o i t c e S ( s d o o G m s i n a h c e M ) e7 g1 r 0 a 2 h, t Cc eA s r T e vS eG RC

1.3

) tt c c AA TT SS GG II f &o t5 c n Ao i t Tc Se Gs C& t rc e dA nT uS nG oC i f t o c e9 l l n o o ci t dc ne as r ye f ve er L(

1.1

n o i t c u d o r t n I

LEVY AND COLLECTION ON SUPPLY

I-27

1 2 4 6 6

S T N E T N O C

E G A P

d e r e t s i g e r f o d e x i m &

s n o i t a c i f i r a l c e m o s r o f e m i T

NATURE OF SUPPLY

T S G n i y l p p u S f o e r u t a N f o e c n a v e l e R

y l p p u S f o e r u t a N g n i n i m r e t e d f o e c n a t r o p m I

y l p p u s f o e r u t a n f o n o i t a n i m r e t e D

y l p p u s f o e c a l p f o g n i n a e M

43

y l p p u s s r e t a w l a i r o t i r r e t s a y l p p u s f o 9 nn oo i t i t a c ne i s mr re e d t e n Du

42

r e d n u y l p p u S e t a t S a r t n i s a y l p pt uc sA fT o S nG oI i f t a o n8 i mn o ri e t t c e e Ds

39 r e d n u y l p p u S e t a t S r e t n i s a y l p pt uc sA fT o S nG oI i f t a o n7 i mn o ri e t t c e e Ds

t n e i p i c e r / r e i l p p u s f o n o i t a c o l f o n o i t a n i m r e t e D

44

& s d o o G f o y r o g e t a c x a t e h t g n i n i m r e t e d r os f e c si r v a r l l e i P S

y l p p u s f o e c a l p f o t p e c n o c f o e c n a t r o p m I

y l p p u s f o e c a l p f o n o i t c e l e s g n o r w f o s e c n e u q e s n o C

45

2.11

y l p p u s f o e m i T

45

2.10

33

e t i s o p m o C : 7 1 0 2 , t c A T S G C f o 8 ny ol i p t c p eu Ss

2.8

44

2.9

44

2.7

) 7 1 0 2 , t c A T S G C f o 7 n o i t c e S ( I I I e l u d e h c S

2.6

I I e l u d e h c S n i d e r e v o c s e i l p p u S f o t s i L

2.4

38 2.2

19

f o 7 n o i t c e S ( I e l u d e h c S n i d e r e v o c) s7 e 1 i 0 l p 2 pt , uc SA fT o S tG s i C L

2.5

39 2.3

37 2.1

35 1.15

) 7 1 0 2 , t c A T S G C f o 7 n o i t c e S r e f e R ( y l p p u S f o e p o c S 1.13

34 1.14

30 1.12

s d o o G d e t r o p m I n o T S G I 1.10

23 1.11

15 1.9

12

d e i f i t o N) t nc i A a t T r e S cG nC oe rh ot t f a o r ) e 5 p( o9 en co r i t e c me S m( os cn o Ei t yc a bs yn va er LT 1.7

14 1.8

11 s s a l c d e i f i c e p s n o e g r a h c es s n r o e s vr ee Rp 1.6

I-28

2

E G A P

TIME AND VALUE OF SUPPLY

e u l a v f o n o i t i d d a f o e s a c n i y l p p u s f o e m i T

t c A T S G C f o 5 1 n o i t c e s r e p s a y l p p u s e l b a x a t f o e u l a V

70

fi c o f i ec t e a p r eS ( hs t ) e 7 nc i 1 i0 ev gr2 e ns , t ar c ho A cs T ad soS i oG eg C r ff e hoo t y4 l ep 1 r p e n huo st i wf c yo e l tS p c ( pe ) up n ss o e fr i o s i nv ei mx o r ia T tP

y l p p u s f o e u l a v e h t e n i m r e t e d o t s e l u R

INPUT TAX CREDIT (ITC)

119

s& e cA n1 a4 t s , 1 m4 u0 , c4 r i s c e ll a u i c r eh pt si nw i Cd a Te Ir f o 8 l1 a s n) r os e i e t vc l ee u r R S &( T yTS t SG i l i GC b rf ae l id o a vn4 Au4

94

d& n2 a4 C, T8 I3 fs o e ll a u s r r e h vi t ew r &d a ne or i t 7 a n1 i n mo ri t e c t e ) e s S d( e ,t l t u iR n d ee mr T nCS odG i t C e r kf oc o po pl 3 AB4

87

tT i d S eG r CC xf ao T7 t3 u p& n6 I g3 ns i e k l u ar t rh ot f i s nw od i a t i e d r n o6 c1 n do ni t ac ye t i S l i(s ) b )e i Cl g i Tu l IR E (

86

s m r e t w e f & ) t i d e r C x a T t u p n I ( r e Ct Tp Ia h fc o s si nh ot i n t i i n d i f e e s Du

4.4

e v o b a d e r e v o c t o n s e s a c r e h t o n i y l p p u s f o e m i T

4.3

69

s d o o g f o r e h c u o v f o y l p p u s f o e s a c n i y l p ps ue sc i fv o r ee ms ir T o

4.2

74 3.9

66

f o 3 1 n o i t c e S ( s e c i v r e s f o e s a c n i ) y7 l 1 p 0 p2 u, sc t fA o T eS mG iC T

4.1

72 3.8

70 3.6

64

T S G C f o 2 1 n o i t c e S ( s d o o g f o e s a c n i y l p p u) s7 1 f0 o 2 e, mc t iA T 3.7

70 3.5

e c n a v e l e r & s n a e m y l p p u s f o e m i T

3.4

s e c i v r e s f o e s a c n i y l p p u s f o e c a l P 3.3

s d o o g f o e s a c n i y l p p u s f o e c a l P 3.2

49 2.13

64 3.1

46 2.12

S T N E T N O C

I-29

3

4

S T N E T N O C

E G A P

GST REGISTRATION & TYPES OF TAXPAYERS n o i t a r t s i g e r T S G m o r f d e t p m e x e s n o s r e P

s e s a c n i a t r e c n i n o i t a r t s i g e r T S G y r o s l u p m o C n o i t a r t s i g e r T S G n i s n o i s i v o r p l a r e n e g r e h t O

. o N T S G f o y a l p s i D

143

r o f g n i y l p p a e l i h w d e r e d i s n o c e b o t sn t o c i ea t pr st a s i lg a e cr i t c T aS r PG

x a t f o n o i t c e l l o c d e z i r o h t u a n u f o n o i t i b i h o r P

n o i t a r t s i g e r T S G g n i n i a t b o t o n r o f s e i t l a n e P

) C R ( e t a c i f i t r e C n o i t a r t s i g e R f o e u s s I

n o i t a r t s i g e r

n o i t a r t s i g e r T S G f o n o i t a l l e c n a C

n o i t a r t s i g e r T S G f o n o i t a l l e c n a c f o n o i t a c o v e R

T S G n i s r e y a p x a t f o s e p y T

COMPOSITION SCHEME UNDER GST (SECTION 10)

n o i t c u d o r t n I

162

e v i t c e f f e ( e m e h c s n o i t i s o p m o c r o f t) i 9 m1 i0 l 2 dl 4 o hs1 e m r o hr Tf

6.2

153

5.13

162

6.1

151

5.12

147 Suo motu

5.10

146 5.8

148

5.11

147 5.9

146 5.7

n o i t a r t s i g e r T S G r o f e l b a i l s n o s r e P

5.5

138 5.3

146 5.6

142 5.4

137 5.2

128

tl e u pu nr I h yt bi Cw d Ta Ie fr o n0 o2 i t n u o i bt i c r t e s S i ( d e) hD t S rI o( f r) so s ntl e u ob u i s i R i r v t T os riS pDG &eC scf i e v o l r u e 9 RS3 4.6

134 5.1

124 sd t a u e pr n9 i 1 f o n to c i t ec pe sS e ( r k nr i Co Tw I b go ) s nj e i l r k ou af R t t rn T oe f S ss nsG odC i of s oo i v 5 og4 l ra pt e i l &pu a r sc e h l di t u nw Ra 4.5

I-30

5

6

E G A P

e m e h c s e h t r e d n u n o i t a m i t n i d n a n o i t a r t s i g e R ? l l i b e s i a r r e l a e d n o i t i s o p m o c o d w o H

173

m r o ] F) 3 n( i 3 ee ml eu hR c[ s n o ns or i e t i p s od pe r me os t ci g ge nr i t a p oy rb o2 f 0 noP i M t a C mT iS t n G I r e l a e d n o i t i s o p m o c y b d e l i f e b o t s n r u t e R

e m e h c s n o i t i s o p m o c f o s t i r e M

e m e h c s n o i t i s o p m o c f o s t i r e m e D

] ) 3 ( 0 1 n o i t c e S [ n o i t p o f o e s p a L

176

e m e h c s n o i t i s o) ] p5 ( m0 o1 cn go ni i t l c i a e vS a[ nn oo s sr e ce np el e ub qi ei g s l ne on ci ln a na ey Pb

s r e l a e d n o i t i s o p m o c r o f s m r o f s u o i r a v f o t s i L

176 i s o p m o c d n a r e y a p x a t r a l u g e r n e e w t e b r ee cl na ee r d e f n f o i i Dt

179

e h t g n i t p o y l g n o r w r o f t n e m n r e v o G e h t y b se nm oe i t h c c As

178

o r p d n a e m e h c s n o i t i s o p m o c e h t r me t of ra f e lr a e wh at r e dr hu t d i e Wc

TAX INVOICE, CREDIT & DEBIT NOTES

? e c i o v n I x a T a s i t a h W

e c i o v n i x a t g n i u s s i r o f t i m i l e m i T

e c i o v n I x a T g n i u s s i f o r e n n a M

182

7.2

e m e h c s e v i t p m u s e r p e h t r o f y t i l i b i g i l e d n a s n o i t i d n o C

184

7.3

182

7.1

-

6.18

169

rl e po b mfi g unl i soe i e t r t p o po n s( a )h t d9o e1b 0 r 2r e d4 o i s s n1e) c e o i Cmv m o r (r e e ef h s mer c elos hb n s a cc o di Sl ioi t os np opgo i fp ao t ( i m s) so oe r pm c e i mep l r e ohp i l cur Cs a se w e e ev hn it Nt i

6.19

177 6.17

-

6.16

e m e h c s n o i t i s o p m o c r o f s n o i t c i r t s e r & s n o i t i d n o C

6.14

175 6.12

176 6.15

175 6.13

175 6.11

] ) 2 ( 0 1 n o i t c e S [ e m e h c s n o i t i s o p m o c r o f y t i l i b i g i l E

6.9

174 6.10

172 6.8

-

6.6

167 6.4

170 6.7

168 6.5

165 n o i t c e S [ s r e l a e d n o i t i s o p m o c n o e l b a c i l p p a s e t a ] r ) T( 1 S0 G1 6.3

S T N E T N O C

I-31

7

S T N E T N O C

E G A P

e c i o v n i n i e d o c C A S / N S H y l p p u S f o l l i B

e c i o v n I d e s i v e R

r e h c u o V t p i e c e R

r e h c u o V d n u f e R

y l p p u s f o l l i b e c i o v n I

s r e h c u o V t n e m y a P

r e t r o p s n a r T f o e s a c n i e c i o v n I

) s e i l p p u s d r a w t u o r o s e l a s o t n o i t a l e r n I ( e t o N t i d e r C

) s e i l p p u s d r a w t u o r o s e l a s o t n o i t a l e r n I ( e t o N t i b e D e d o C R Q & e c i o v n I E

E-WAY BILL

l l i b y a w E f o w e i v r e v O

l l i b y a w E f o s t i f e n e B

199 ls ) l i e b yl au wR -T ES oG t C df eo t a 8 l 3 e r 1 se nl ou i R s i v o& rt pc eA hT t S l l G a fC o f o 8 6 n o i t c e S (

s d r o c e r d n a s t n u o c c a n i a t n i a m

ACCOUNTS & RECORDS

r o f d e n i a t n i a m e b o t s t n u o c c A

220

o t t n eT mS eG r i r u e qd en Ru

222

f o e c n a n e t n i a m g n i n r e v o g s n o i s i v o r p s t cn i f u i c o ec pc SA

221

f o e c n a n e t n i a m g n i n r e v o g s n o i s i v o r p s lt a n ru eo nc ec GA

9.3

e c i o v n I t r o p x E f o s r a l u c i t r a P

9.4

221

9.2

Explanations

8.3

e c i o v n I x a T f o s r a l u c i t r a P

9.1

199 8.2

192 7.15

198 8.1

193 7.16

192 7.14

190 7.12

189 7.10

191 7.13

190 cum

7.11

189 7.9

187 7.7

185 7.5

188 7.8

186 7.6

185 7.4

I-32

8

9

E G A P

GST RETURNS

s e t a d e u d r i e h t d n a s n r u t e r T S G f o s e p y T

e t a d e u d r e t f a s n r u t e r T S G g n i l i f r o f s e e f e t a L 1 R T S G f o g n i l i F n o d e s o p m I s n o i t c i r t s e R

238

y l h ) t1 n2 o0 M2 . n &a J nt rs u1 tm e o Rr f ye l v r i et t c r e af f uE Q( () e em me eh hc cS St n Pe Mm y Ra QP

236

f eo t a t l n ,u s e o t c a c da en uo d( s en hr t u t ge nr i d T rS a gG ee r ) hc sti nrm ooe i f d s i tn v s a oeP r re pt 9 1 dneiD t &I a de sV O pe Uf C

PAYMENT OF TAX & OTHER DUES

t i d e r c x a t t u p n i f o n o i t a z i l i t u f o r e d r O : A 8 8 e l u R

246

t u p n i f o n o i t a s zn i li o i t t i Ud -n 7o 1c 0n 2i ,t a t c r Ae c To St Gt c Ce fb j o u Bs 9t 4i d ne or i c t c x ea St

245

t u p n i f o n o i t a s zn i li o i t t i Ud -n 7o 1c 0n 2i a ,t t c r Ae c To St Gt c Ce fb j o u As 9t 4i d ne or i c t c x ea St

244

, x a t f o t n e m y a s Pt -n 7u 1o 0m 2a r ,e t c h At o Td Sn Ga Cy t l fa o n 9e 4p , t ns oe i r t e c t en Si

249

n i e l b a) l i e a l vu ar td n e ur t oe ms n ai fy o l ew s e un ( fr o e sg nd oe i l t i t d i d ne or Cc :c i An 6o 8r t ec l u e l Re

248

, s e l u R T S G C f o 5 8 e l u R ( r e t s i g e R y t i l i b a i L c i n o r) t 7 c 1 e0 l E 2

11.5

s n r u t e r T S G g n i l i f f o s t i f e n e B

11.6

246

11.4

s n r u t e r T S G e l i f o t d e r i u q e r s n o s r e P

11.3

s n r u t e r T S G f o n o i t i n i f e D

11.2

n o i s u l c n o C

11.1

T S G r e d n u s t n u o c c A f o n o i t n e t e R f o d o i r e P

10.8

s d r o c e r f o e c n a n e t n i a m f o r e n n a M

10.7

235 10.5

230 10.3

236 10.6

231 10.4

230 10.2

225 9.6

230 10.1

227 9.7

224 9.5

S T N E T N O C

I-33

10

11

S T N E T N O C

E G A P

256

t n e m n r e v o G e h t y b ) r7 e g1 d0 e2 l , t hc sA a cT oS t t G n uC of mo aA 3 f5 o rn e o f i s t nc ae r S T(

ZERO RATED SUPPLY & REFUND

] t c A T S G I f o 6 1 n o i t c e S [ y l p p u s d e t a r o r e Z

] t c A T S G C f o 4 5 n o i t c e S [ x a t f o d n u f e R

ASSESSMENT AND AUDIT

T S G r e d n u t n e m s s e s s A

] ) ( 2 n o i t c e S [ n o i t c u d o r t n I

t n e m s s e s s a f o s e p y T

r e y a p x a t y b t n e m s s e s s A

y t i r o h t u a x a t y b t n e m s s e s s A

] 2 6 n o i t c e S [ s n r u t e r f o s r e l i f n o n f o t n e m s s e s s A

] 3 6 n o i t c e S [ s n r u t e r d e r e t s i g e r n u f o t n e m s s e s s A

277

13.6

271

13.4

270

13.2

275

13.5

270

13.3

270

11

13.1

261 12.2

270

13.0

260 12.1

256

t n e m n r e v o G e h t y b) 7 t1 i d 0 e2 r , c t xc aA t T tS u G pC nf i o f3 o 5 rn e o f i s t nc ae r S T( 11.13

255 ? e d a m e b o t t n e m y a p T S G e h t e t a l u c l a c o t w o H 11.14

256 11.12

254 , t c A T S G C f o 2 5 n o i t c e S ( e c r u o S t a d e t c e l l o C) 7 x1 a0 T2 11.11

253 , t c A T S G C f o 1 5 n o i t c e S ( e c r u o S t a d e t c u d e D) 7 x1 a0 T2 11.10

251 f o 0 5 n o i t c e S ( x a t f o t n e m y a p d e y) a7 l 1 e 0 d2 nt , oc tA s e T r S e t G n C I 11.9

251 , s e l u R T S G C f o 7 8 e l u R ( r e g d e L h s a C c i n o r) t 7 c 1 e0 l E 2 11.8

, s e l u R T S G C f o 6 8 e l u R ( r e g d e L t i d e r C c i n o r) t 7 c 1 e0 l E 2 11.7

I-34

12

13

E G A P

? t i d u a f o t n e m e c n e m m o c y b t n a e m s i t a h W

? r e c i f f o r e p o r p y b d e i f i r e v e b l l a h s t n e m u c o d t a h W t i d u a g n i t c u d n o c e l i h w n o s r e p d e r e t s i g e r f o y t u D

t i d u a e h t n i d n u o f y c n a p e r c s i d e h t e t a c i n u m m o C

] 6 6 n o i t c e S [ t i d u a l a i c e p S

282

p e r c s i d g n i d n u o f r e t f a r e c i f f o e hi t t d yu bA ng en ki ar t u nd oy i c t c n Aa

OFFENCES & PENALTIES

291

) n7 1 o0 c2 dt , nc aA s dT oS oG gC f fo o 9 e2 s 1 a en l e o i r t c de nS a( t es i r un a zr i e t s n ,i n s oe i c t n n ea t y e e Dv

290

6 2 1 n o i t c e S ( y t l a n e p o t d e t a l e r ) s7 e 1 n0 i l 2 p i , t c c s i A d lT a S r G e nC ef Go

290

f o 5 2 1 n o i t c e S ( ) e s u a l C y r a u d i s e R () y7 t 1 l a 0 n2 et , Pc lA a r T e nS eG GC

289

4 2 1 n o i t c e S ( s c i t s i t a t s h s i n r u f o t ) e7 r 1 u0 l 2 i a , f t rc oA f T yS t l G a nC ef Po

289

n r u t e r n o i t a m r o f n i ) 7 h1 s0 i n 2 rt , uc fA oT t S eG r uC l i f a o f 3 r2 o1 f n yo t i l t a c ne eS P(

285 T S G C f o 2 2 1 n o i t c e S ( s e c n e f f o n i a t r e c r o) f 7 1 y0 t l 2 a , nt ec PA

-

14.6

t i d u a e h t g n i t e l p m o c r o f t i m i l e m i T

14.5

281

s i h t r e d n u t i d u A e h t g n i t r a t s e r o f e b d e r i u q e r n eo ci i t t c o e Ns

14.4

281

T S G C e h t f o 5 6 n o i t c e S ( s e i t i r o h t u A x a t ) 7 y1 b0 t2 i , d t uc AA

14.3

280

h g u o r h t d n i m n i t p e k e b t s u m t a h t s t n t i i o d pu ta n e ah vt et l e u Ro

14.2

s t i d u a e s e h t t c u d ] n ) o c n a c o h w d n a t i d u a f o s e p y T

14.1

283 13.19

-

13.18

282 13.16

281 13.14

282 13.17

282 13.15

281 13.13

( 2 n o i t c e S [ T S G r e d n u t i d u A 13.12

280 13.9

s e s a c l a i c e p s n i a t r e c n i t n e m s s e s s a y r a m m u S 13.11

-

13.10

279 13.8

13

278 13.7

S T N E T N O C

I-35

14

S T N E T N O C

E G A P

293

294

f o 2 3 1 n o i t c e S ( s e c n e f f o n i a t r e c ) r7 o1 f 0 t2 n , et mc hA sT i S n uG PC 14.8

f o y v e l d n a) 7 s1 e c0 n2 a, yt ec vA nT oS cG r oC sf do o0 o3 g1 n fo o i t nc oe i S t ( a cy s t i l f a n n oe Cp 14.7

I-36

,xfst d) n o n a eT e a r STee i e p m t G d i s imc et i Ct g e t e(aeI r r h Rxg e t h eaet t hTta n l r t a I o yr s bt & d n de ) o i T a o . pCS n g o xfG fi aoT o t t a rr emU e ( rx t ho ys t i ug sfa be n T ae r e h y et hT r t mno S r t ti i oG i r s d f r e e e ec e yh dl r iTda nt Cv xrnemon aeog ee s l Tsire k b a trnac a t u oUhi cs v p rcr i l a nsose d p i I h sp o)x r o oTa oah gSt s fGhsiw t S d o c p ( s uoe tx e n c aSoci g n eT . v ) i for T p o e i e Secs t c s a l i G et f a h Is RS o t ( : s e d u l c n i o s l a C T I

n o d i a p T S G e h t ) (

n o d i a p T S G I ) (

reverse charge basis by the registered recipient of supply on certain specified goods or services such as GTA, Advocate services etc. a

Input Tax Credit (ITC)

4

import of goods b

lt . rddi a ieln l a lwe l u gpaym c T en eS r hr s it sG0 e a d dv Tn0no Sa3aG 0e G0 0 e5w3h h4o t t o f t sNo ni 0 e i t0 l Cb dc eu3Ta r d Iy e osea t ri hp s i p stT g le mS ea s r iG ia nr dip ls c nfr s ai t e na t ) rf a0 e onc0 r eEy3 ul aet a t 0 h c asnt5 e a , f 4 s ( uhJe ntyi 0 s5 anb r1 mo p e e r l d ab e a y t sa l i mnn y E sa o e eat s i ipsts a T r p hno S a c rG p Je r e f t . uo d rp n e o Ey Ct eT aah d t ptIe n ee xn aa hn ot Jt

d n a n o i t a r t s i g e r T S G a n e k a. t h t so a hb or ho s we ni c ov sr r e e s pr Ao s d o o g e h t g n i y l p p u s

n o i t a r t s i g . h et r o Tb Sr Go s ae c ni ev kr e as t se a h ht g on hl i wa i nv oa sr r o e s pd Ao o g e h t g n i s a h c r u p d n a

Registered Recipient:

86

`

`

R E T P A H C

4.1 DEFINITIONS OF ITC (INPUT TAX CREDIT) & FEW TERMS USED IN THIS CHAPTER Input Tax Credit:

by the Registered Supplier to any Registered Recipient.

For Example: -

`

`

`

Registered Supplier:

C T I R O F S N O I T I D N O C D N A Y T I L I B I G I L E

e t i s i u q e r e h t f o n o i s s e s s o p n i e b t s u m tn es : i p w i c o l el o Rf ds ea r e s t t s n i e g em Ru ec ho Td ) (

u

u

syds l i bng i a dae t e tr ei dh me si ei h hn lt Tr ef u o m fi B nt 2 eeeuR bdT seS a hhG t sne e i h t h t o t n ni i twd i Fe b t eFc dIe / l r1 f oe eRr cTg i Sn o i vGe nsb i i ehe s sr. a a i n hr so l ce i s i r a lt r up e ep pp eudd hshe t cr eu fh e o tst aa This condition is effective from 1st January 2022:

) (

. rfs oon str p e u i ce t i e c v r e r r s e i dh s ren omi s C deT e od I or e go elh hat u t m t i dc a ea l vt c i ut e coo ehn t r n sia w a c htt a n th e n i etp e i r i p c e i e c h r ee , r t s doe eni c r e v e s r t a s e es i l g / P e. s r d h et o ho o Tbg ) (

tr, tn p a eth i hehns e i t t i p o p di o i c t y ee c ne l mr l i edarB eeod( drtes . s r e et de d t bs os o io io g le l g ge g a hrer f e h sh to t a tt t i dh n y ,b et e e r f s e m o udv e ael isv v l i eno c e dom sc i i t s ea h c r e t uh h fnr rt e t o e s ei g eb nn li s oep i pvper rauhu uhstd) psenre l h o edt od o n e eo ho o r r t g o s e m re r f he oh e o wp Ft bt

u

e t o n t i d e r c D S I r o e. cD i o S vI nn I ra oy t b u d be i r u t s s s i i Dt en ce i v m r u e c So td u py nn I a nr Ao u

e h t g n i v o r p , ) s d o o g f o t r o pt , mr io fp o m ei s n a co T nS I ( G yf r o t n t en e fm o ly l a i B p u

The amount of tax charged, Description of goods or services, Total value of supply, GST No. of the supplier and recipient, Place of supply in case of transaction happened between two different States. u

hh, cf ci i l he h wws ,m n) i e h og r t sa n e e h i l i cp p e i ps c ur e se r ve fe o h rt er s ey a cdb n d nue I t (xn a et e cy m i au o vpc noo t i ed el gb & r a a i d hl e cs t ia t en r s e en r i e p e vi g c ee s Rr i u

p u s d e r e t s i g e r e h t y b d e u s s i e t o n t i b e d r o e c i o v n, i r xi e al Tp u

r e t f a ] y) l n ( oo t ) ( t n i o p m o r f

4.2 ELIGIBILITY AND CONDITIONS FOR TAKING INPUT TAX CREDIT (ITC) (SECTION 16 READ WITH RULES 36 & 37 OF CGST RULES) [ s n o yi ni t ad n yo bc dg en i mw io a l l l c o ef be h nt al l ca Cg n Ti Il l i el f hu Tf u

-

u

g

Registered Recipient i.e. a

Para 4.2 87

a

Please Note that the any of the above-mentioned documents must contain at least all the following five particulars for availing the ITC: -

-

b

e h t e r e h W

y l n o d e m i a l c e b n a c C T I ,

. ”0fs o B0 t “0 o ,ml m0 n 0u) i t o, n r0 a f a n s5ua dfq y oo r h oe a gH gc i ( eih” o eA hv t h “ dnto i o en t t s ae s a d hduo ce o D r u. g us9 s e pi 1h 0t )) a 2 n t na-n 9 ahe t s ys 7 r ) a2n a j d a Ha e h (Rt t ”(a s A” da “B j Ta “S .

R ) G( n ” agB hn “ t i, s d s a ud j l o a c o Rn g (i ” A “ y b d e v i e c e r s a w d e s a h c r u p s d9 o1 o0 g2 e9 h9 t 2 fn o o t) o a l n t sa 1 y r ea hH T(

” A “ y b d e v i e c e r s a w d e s a h c r u p s d9 o1 o0 g2 e9 ht 0 f3 o n to o ) l a dn na 2y r ea hH T( e h t t s . n9 i 1 a 0 g2 a0 d1 es 2 a hn co r ) ua pn a sy dr oa oH g( e” A h“ t fy o b td o e l v i te s c a l e r ds na aw de rc 3 i o ev hn Ti

s a h r e i l p p u s d e r e t s i g e r e h T ) (

h g u o r h t r o h s a c n i r e h t i e

.

C T I e l b i g i l e f o n o i t a s i l i t u

.se g e h . ct e i ( f noo v rn ui A t 2 e tr u R ypT l n p piS ueG she dth rdt a nn wai t)g u rn oet i syc a t i e pl dx f ea e l itr f rl y sa a r le hu p rgo e e i r r . l t p p n pf e e uor i p sea s i da c s ec e e r t r e nod t i ne s i 1 te r g i eR b t r s i eTeg hSde TG&r ) (

s a h t n e i p i c e r d e r e t s i g e r e h T ) (

d e w o l l a e b d l u o w C T I o N ) (

on the capital assets if the depreciation is claimed on the tax part also.

f

goods against an invoice are received in lots or instalments after receiving the last lot. u

snn a ei o he t tbc e n er ev . i i t adn p i hei e c hp est r i e c cne di o r ev n r r d oe e e t s s r s r i e eet g s ehpi t r yg ne ea er r he t oh c thtu w r a e s hsi l t f e p o cp di t ev un mrsu eo eeh est c dey c h a b et bddn o e le l dd vi a i n he va sc o rf ep tr o I

Ch Tt In. eo9 hm1 t e0 2 mht ir 0 a 1 l oc f nn2 arn uo ct )e d a e nrv aTi ySe r c Ge a Her (hs ”ta n Ai w “9 , t 1o e l 0l p 2s t m-a 9 al x7 e e2h edt vee otc ban ads i e ec , hi 9 o t 1 v0 nn i 2 , it e cec h nt O en f Ho o

filed the requisite GST returns (Kindly refer GST returns chapter for the different types of returns)

e

paid the GST charged from the registered recipient to the government c

T I D E R C X A T T U P N I

sen db e o e o ot b gd e eev hma t eh s ded ndo eeo s b olg l t e a . h ) ht )s i n h l se asa hd D t on( s oo a g j oC a eso Rh t s) (t a ,) ”e n Br a ah “e nt sHas r yj a .r e ) a di rhaR l H oe (( DA )( B a y n aCyb b o yt d r de a ye r l Hc ve ti (e v ei ”r cl Ai ee “drd u

88 Para 4.2

For Example:

For example:

`

d

C T I R O F S N O I T I D N O C D N A Y T I L I B I G I L E

s i e u l a v c i s a B ( 0 0 0 , 8 ) 10 , 0 1 0 , 8 r o1 f . d. e ei s % a h8 c1 r u@ pd se i g tr e a s h s c a nT AS G & 0 0 0 , 0 0 , 1 : e s a c s i h t n I

d l u o w 0 0 0 , 8 1 f o C T I , 0 0 0 , 0 0 , 1 n o d e m i a l c s i n o i t . d a i e c ew r o pl l ea de fb I

r e d n u n o. i t t i a d r e t s r i c g ex r a t Tt Su Gp nn ei k a t s a h o h w n o s r e p A ) (

f o t c e p s e r n i t n e i p i c e r d e r e t s i g e r s ee c hi t v ye r bs dr eo ms id a o l o c g ee bs no ah ct y Cl Tn Io ) ( ne ets . a er d be o bo si a lg hef tdo , a d g hu n t as i xra afe f t o c yt r nn o au s fot o cc cf a ta c f eno po sd t e n r n e am nm i l a dee edc mfn ioo a nc l or c so ea ben t nre aem h ct e t Cra o Tf t Id s s i i oa m Np ) (

. h9 t 1 x 0 i S 2 ( , r Te Sb o Gt Cc hO gf uo oh rt h9 t tm n o ef r me nv i rt e c ve of f ge es hi t t i yd bn da e9 t 1 r 0 e s 2 n, s i e sl a u wR et ) l n u re wm ed nn se i m h TA

st t u . n pd en o i i i p r i re c i p ee r hx dta eft r oe e h t st s i i s g g a n eb i r r eeu hh d t t , d e n l e u ov r e i s c i h e t r e s r e o c f i e v B r e s r eo l o s hd o wo eg hs t t n li i a a vg aa s oe t c i do ev s n ui

. tA m a o h2 r tf rR oT t f c S e A G f f 2e e h Rt heT t n i i whSg t G l n s wi i a t t i ov c e Nanl f yie g l r n n i t ot u ncp aen l f ce i e tr l n ti b eu i g pl p i i ne c i ee e r lh b t di eg o r t i ln e e t o s ei i t hi g etd r fd eoa h%n t i 0 ,2 d 9 o 1si 0i r 2he cp 0 i x 1h a wt 9 eligible input

Eligibility from 9-10-2019 to 31-12-2019:

o n , 0 0 0 , 8 1 , 1 `

n o x a t e m o c n i r e d n u d e m i a l . c d se i w no ol i l t a a i e c eb r d pl eu do ew hC t T fI I

which are used or intended to be used in relation to his business. h

` `

composition

scheme, cannot claim g

`

`

For example: `

Para 4.2 89

i

4.2.1 New restriction imposed on the availment of ITC with effect from 9-10-2019 (Rule 36(4) in CGST Rules, 2017)

Eligibility before 9-10-2019: eligible input

-sd i 1 o hi 1 r ce i mh p o x rwa f . t A t t c 2 ae h f tR f e rT h oS f t G i A w 2 e h eR wh t ot n Ti Nl iSg a n vGi s at t c yi e l nl n i f og e nnr t ai tu cc p te l n n efi e i e r p l i t b c u i ep g r i n l di e ee e r lh b e t i t s g o i i lt g een r eo ht et i hf i t d , od 0 2%a 00n 21i

(Eligible ITC existing in 2A + 20% of the eligible ITC existing in 2A) = Provisional ITC maximum allowable in a tax period Eligibility from 1-1-2020 to 31-12-2020: eligible input

-hd 1 ci o 0i r he 1 0wp mtx oua. rptA n e f 2 i te h c t R elr b T f oS i f g f e i l G A he t 2e i h we-t h R t T wi n lS i oa G g Nv n at si t yi c l ne n i l og f e nnr ait ctu c ep tl n f n ee i i r p e tl i u c b i epg r nl i die e el e r b e h i t t g s i i o l g e t ee n r o ehi t t hf i t d ,od 1 % a 25 0s n 2i i

(Eligible ITC existing in 2A + 10% of the eligible ITC existing in 2A) = Provisional ITC maximum allowable in a tax period Eligibility from 1-1-2021 to 31-12-2021:

lds l e a el gku ncr o i r l l l e b i f d l en u hu ft sgd i ne hi r cdu i i u h l q c wx e r tes u el pv a no s i r be ea v hd e t r see b ni h ar t c es d me n r tp a u ) ps5 na( i s7 en1 l on b i t i io. g i d i t l y n c E n oe a cs f yri t e i l d7 i n3 b i u& g i t3 l i e 4 d e2 er , hc 4 t ) n0 o2 p0 u2 dg eu kA rl , ou wJ , n eu bJ , ny aa cM Cr , Tp IA n, r oa . h nMt ,n ob i t eo c Fm i r ( t s 0 s h 2 e t r 0 n 2 %op 0me 1eS ehf hto r t oB tf 3 a y he l R t T vS si t na G al eu e h mmt un tc I i -

u

u

n i D S I d n a s d o o g f o t r o p m i. ,e s l e b ci i g o i l ve nf i i el l gu r f a hn ci d ee s l r i e a vv ea r e fb o n ta u pc ns i e c ei ho Tv Some conditions of this new rule: -

s e c i o v n i f o t. u d pi o nr i e ep hx t a nt oa yr l o n f or e ei l l b p ap cu i ls p e ph at ey bb dd l e u u os s wi s ne ot i o t c n i r t t i s b e e r d sd i h n Ta

, y e e l ht l t u n rl le ir r wt e u ndC e ( t sa i d h do t pi ru r e e psp sax a na Cet k t Ta a It h ee t l b br i o g df i l lu r e e ol i eh hs p t p gdu ni os i t re a e h l p t u ) fh cxo l t a n a ct1o fa-m R o rT oS t ef x s o Ge pA n r2fe u-oh pRet tf eTa o hSd G t h reet u1 oh Ft d1

0 0 0 , 0 0 , 5

0 0 0 , 0 2 , 6

Actual ITC which can be claimed

0 0 0 , 0 0 , 0 1

0 0 0 , 0 5 , 7

0 0 0 , 0 0 , 9

0 0 0 , 0 0 , 9

0 0 0 , 0 0 , 0 1

0 0 0 , 0 5 , 8

0 0 0 , 0 2 , 0 1

* 0 0 0 , 0 0 , 0 1

0 0 0 , 0 2 , 6

0 0 0 , 0 0 , 0 1

Permissible ITC (Eligible ITC in 2A + 20%)

t o n n a c d e m i a l c e b n a c h c i h . s wk Co To Ib r le a up t s c aa C eT hI t e tb l a i hg t i l ee t e o h nt ed s e a e

xl d au t o rw e hs t t r uu fp n fi o e s Ao 2h Rt r To Sf GC T nI i e dl eb t i c g el i l e f e e r h st i f to u pn o ni i t a el cu nc al l a: a bcs ew eh o ht l l t ,o s fd f i s oa wi

ec r I l I I I Px oee I I *e Npb

Eligible ITC reflected in 2A Eligible ITC as per books Case

T I D E R C X A T T U P N I

= ) A 2 n i g n i t s i x . ed o Ci Tr Ie ep l x b a i t g i a l e n ei he t l b fa o w %o 5l l +a Am 2u nm i i gx na i t m s i C x eT I Cl Ta In ei o l b s i i v g i o l r E (P u

90 Para 4.2

Eligible Input:

Please note that the said condition shall apply cumulatively for the period February, March, April, May, June, July and August, 2020 and the return in FORM GSTR-3B for the tax period September, 2020 shall be furnished with the cumulative adjustment of input tax credit for the said months in accordance with the condition above.

(Exclusions)

For Example: -

C T I R O F S N O I T I D N O C D N A Y T I L I B I G I L E

0 0 0 , 0 6 , 3

0 0 0 , 0 6 , 3

0 0 0 , 0 L 0 I , N 1

0 0 0 , 0 9

0 0 0 , 8 0 , 1

* 0 0 0 , 0 0 , 1

0 0 0 , 4 4 , 1

* L I N

I I I I I I

e h t d e e c x e t o n n a c , d e m i a l c e b n a c h c i h . ws k Co To Ib lr a e up t c s aa eC hT t tI a e l hb t i eg t i l o e ne ec s n a a el l a P *b

eg hi n t t ,c 2 e 2f l 0e 2r s 1 i 0h 1 c i 0h mw t ou rp f n ti c e el f b fi e g hi l t e i e wh . wtd l io oa i Nv r ae yp l x n a ot ne ah ct tr n o ef i p B i c 2 er R dT eS r G e t s s i t i g en r i

) d o i r e p x a t a n i e l b a w o l l a m u m i x a m C T I = B 2 n i g n i t s i x e C T I e l b i g i l E ( e h t r e t f a t i d e r c x a t t u p n i e h t e k a t t o n n a c n o s r e : pe t da ed r e g t n s i i w g eo r l l o Af

e h t h c i h w o t

) w o l e b 1 . o N e t o n e e S ( . s e t a l e r C T I

h c i h w , 9 1 0 2 n a J o t s g n o l e b 0 0 0 , 0 1 `

f o tT u pS nG i e h nt An i n e k a t t o n s a w

, h c i h w o t p u e t a d t s a l e ht : ws ow o Nl .o l h t f n s oa ms i rn a l e u k ca i t t r e a pb n ta a hc t t fu o p nn ri us t i e h r t

so e wt t e oa t l la l e o d r f t rCs e a Tl bI e mec ehn t t ep hs : eh, c Si 9i n 1r fho w 8u no1t rt 0e ur 2r t arT e r eaS e G Tyy lo Sa 0 t Gi 2 c s fn 9 e o t 1 aa 0 gnl 2 e ni fr i r l ft i e f o ub fdpm o n e enIt e t p : a es e dh nS etae ugel nmf i Di

le t a l u, t d c e al i ef hs t i -9 :1 n r8 u1 t 0 e 2 r . lY a . uF nf no an fr o u t ge nr i l h a su i n rn un fa fhn o co i eh e t a wm d u n lo s a s uea t ts c a Adu

b.

-

a.

0 0 0 , 0 2 , 1

0 0 0 , 0 0 , 3

Permissible ITC (Eligible ITC in 2A + 20%)

Actual ITC which can be claimed 0 0 0 , 0 8 , 3

Eligible ITC reflected in 2A (out of balance left) Balance Eligible ITC as per books Case

For Example: -

20th Oct 2019

(GSTR-3B)

11th Nov 2019.

Para 4.2 91

Eligibility from 01-01-2022:

4.2.2 Time limit or deadlines for availing ITC

u

Due date of filing of GST Return (return in which ITC is availed i.e. GSTR-3B for regular taxpayers) for the month of September following the end of financial year

u

Actual Date of furnishing of GST annual return (i.e. GSTR-9)

Whichever is earlier………

T I D E R C X A T T U P N I

s t n e m e l e g n i w o l l o f e h t , Y F h c i h w o t d e t a l e r s i Cd : Te Ir te a d hs i t n go nc i d e nb i f l l ra oh Fs e c i o v n i t a h t f o e t a D : e c i o v n i n o C T I r o F ) (

h c u s h c i h w r o f e c i o v n i e h t f o e t a D : e t o .

Nd te i u b s es Di s ni e ot Co Tn Ii t rb oe Fd ) ( . t i d e r c x a t t u p n i g n i l i a v a r o f d e r e d i s n o c e b l l i w e t o n t i b e d e h t f o e t a d e h T l ta Yn Fe u in ,p y n ia ac s eg ,rn n ei i hi l dt f e f y ub o sd s e i et e a m t id o a e nl ch te t i b ebr dwo on. an r r ue fn t i o l aer r tc a c e90e s p12i 0 s8 2r e 1 e r rv 0e n2 e i bh CYmc i TFeh Ift o w p , tee, n S 0 c ei 2 foo mv 9 dn 1 e0 ni t ena 2 madY reF ao uf sf i do 0 h t 2en hr h9 u t 1tt i 0ye W2 br

, e s a c n I

m o r f d o i r e p e h t g n i r u, dd sn l a l a f ) 2 .

2 .

4 ( e s a c e v o b a e h t n i e n i l d a e d e h t -

h c u s n i h t i w e d a m n e e b t o n s a h n o i t c a h c u s f o e c n a i l p m o c e, r e e hm i wt -

n o i t c a h c u s f o e c n a i l p m o c e h t r o f t i m i l e m i t e h t n e h T

, e s a c n I

m o r f d o i r e p e h t g n i r u d s l l , a d f n ea s a c e v o b a e h t n i e n i l d a e d e h t -

h c u s n i h t i w e d a m n e e b t o n s a h n o i t c a h c u s f o e c n a i l p m o c e. r e e hm i wt -

n o i t c a h c u s f o e c n a i l p m o c e h t r o f t i m i l e m i t e h t n e h T

shall be extended

up to 31st May 2021.

shall be extended

up to 31st August 2020.

92 Para 4.2

Hence, in this case the last date of taking GST input of FY 2018-19 would be 20th Oct 2019. (Earlier of 20th Oct 2019 & 11th Nov 2019) NOTE NO. 1

i

ii

Point to be noted  “Please note that via special order, Govt. has extended the last date to avail ITC for the FY 2017-18 to 20th March 2019 instead of 20th Oct 2018.”

Amendments effective from 1st January, 2021

Relaxation notified by the Government during pandemic of COVID-19, for the deadlines already prescribed earlier in the Act & rules in relation to the GST compliances

20th March 2020 to 30th August 2020

Relaxation for the second wave of COVID-19 pandemic

15th

April 2021 to 30th May 2021

C T I R O F S N O I T I D N O C D N A Y T I L I B I G I L E

93

Para 4.2

eCt o cT i Id o vee hd nt i d ,a ee hc t ie yob avo n pi t tf e o v o ne a st h e al odl i d w e he ht t c o fi boo rsv oyn a i dr a 0l 8u 1c i nt i rd h a t i pn wt a ray e t hi i t l l i *pnb p o a fu i o l y tsd x e n a ehat e t i t r p o l i u t a c p t en t du r e eul o i hoa e t mv h fa at I

4.2.3 Restriction on the availment of ITC if the payment of invoice is not made within 180 days by the registered recipient (Rule 37 of CGST Rules) goods or services

the interest shall have to be paid also.

*Here reverse charge inward supplies are not included in goods or services. It means that the condition of 180 days is not applicable in case of inward supplies on which RCM is applicable. .fde &d o h e t 0Ledt 0 tdi n a a.

0Ad , f ea 0 .

0iebp , , h et 1 o% r t fe e 8 o cHsv1 i . a y s 8 a 1ah@ l t B dl s (0 i 2 0 e r 0e8we 0 0n10 t 0un0 n , Jh i,i 8 8h 1s tt , i1t 1 1 w i d.fw ed o g ft t o tn aL u o .dB pl d e na t . c oI Li t ed o t th Bv Lh . n t nu , t mi )An to8 os fo 1 m rn o f a0 m i y sae2t 8 i v dgc l 1 i ob oai 0 o )v on Na 2 go iv nhl deitxo 7 ere2 aN e s t hl a ht f lto ht i cxytun a p . r e a t p r . ut iuu p0t( t Oe o e .0n cer d 0 i , t s hT o 8 e L1 vtS on oG A di t

For Example: -

`

`

`

`

Points to be noted  Interest shall be calculated @ 18% p.a. from the date of availing the ITC on such supplies till the date when the ITC added to the output tax liability as provided above. 

Please note that the ITC added to the output tax liability on account of above-mentioned case can be re-claimed once the payment of the invoice is made to the supplier. In this case the time limit as specified in para No. 6.2.2 will not be applicable.

“It means that the re-claim of ITC on payment of invoice value to the supplier can be claimed in any month ignoring the maximum time limit allowed.”

In the above example, if A Ltd. made the payment of ` 1,18,000 (Invoice Value) to B ltd on 25th Nov 2019, the ITC which was added to the output tax liability earlier can be reclaimed in the GST return for the month of Nov 2019 ignoring the deadline to claim ITC i.e. 20th Oct 2019.

T I D E R C X A T T U P N I

, e s a c n I

m o r f d o i r e p e h t g n i r u, dd sn l a l a f ) 3 .

2 .

4 ( e s a c e v o b a e h t n i e n i l d a e d e h t -

h c u s n i h t i w e d a m n e e b t o n s a h n o i t c a h c u s f o e c n a i l p m o c e, r e e hm i wt n o i t c a h c u s f o e c n a i l p m o c e h t r o f t i m i l e m i t e h t n e h T , e s a c n I

m o r f d o i r e p e h t g n i r u d s l l , a d f n ea s a c e v o b a e h t n i e n i l d a e d e h t -

h c u s n i h t i w e d a m n e e b t o n s a h n o i t c a h c u s f o e c n a i l p m o c e. r e e hm i wt n o i t c a h c u s f o e c n a i l p m o c e h t r o f t i m i l e m i t e h t n e h T

: s g n i w o l l o f e h t n i a l p x e o t g n i o g e r a e w , c i p o t s i h t n i e r e H

d e s u g n i e b e r a s e c i v r e s r o s d o o g . es he t s eo s p a r cu np i l a Cn To Is fr o e lp a s & r e s s ve en Ri s u b r o f

d e s u g n i e b e r a s e c i v . r s e e s i l rp op su ds ot op gm ee hx t e ed s a n ca ne i l b Ca Tx Ia ft o e lh a t s r g e n vi ei d Rv o r p r o f

e h& t 1 . t1 a .

3 C4 .

T. Ie . ni oe mv o mb oa cd fe o n lo a i s t r n e ve em r s ee hs t a rc oe f h nt of i o t a h l t u o cb l a ci n lr a na i e f ey he h Tt . f2 o .

1 d3 . n. e4

r no i f Cr Te Iy nu ob md e mx i of ce fr o p le a h st r e o vt ed r e ed hv i t o rr op f s ne oc i i t v a r l e u cs l n a o ci t lc a u nr i t f s en ho. t Tcc fe o j o er s ap ca

4.3.1.4

shall be extended up to 31st May 2021.

shall be extended up to 31st August 2020.

94 Para 4.3

Relaxation notified by the Government during pandemic of COVID-19, for the deadlines already prescribed earlier in the Act & rules in relation to the GST compliances

20th March 2020 to 30th August 2020

Relaxation for the second wave of COVID-19 pandemic

15th

April 2021 to 30th May 2021

4.3 APPORTIONMENT, DETERMINATION & REVERSAL OF ITC AND BLOCKED CREDIT (SECTION 17 READ WITH RULES 38, 42 & 43 OF CGST RULES)

4.3.1 Determination & Reversal of Input Tax Credit in respect of inputs & input services (Rule 42 of CGST Rules)

4.3.1.1

4.3.1.2

4.3.1.3

C T I F O L A S R E V E R & N O I T A N I M R E T E D , T N E M N O I T R O P P A

t ec s e a j co r np i Ca Tr Io f nr oe my u mb od ce fx o i f la e s r r p e e vh et . r o os et l hd a t ren odo i f i v t no r or o i pp t a sa l l e u i cc cv i r l a re ce lsm a nm no o i ic f t ecg un hr Tt i n si na ot cn fo o c

l. a C i c T nI af no i f l a as r re ov ye nr ad pn ma t on ce gm nl i i k a nv aa be eh ht t r o of t ds eC dF i B v o rN pg n ni od i u t l p c on ei hn o Ti t u t i t s n i y hl cn i h o wm sm e o cc i v d r n e s a re oss . soe dpl i r ou p op p gl u has n t co p us sr m nee opx C&e Ts& Ise e l en b hs i a t x sua nbt are eoh f md t g ten I s i ud i yv l n o or mp r mo of cd e es r u a e r e h W

e s o p r u p s s e n i s u B

g n i w o l l o f e h t r e p s a d e s r e v e r & d e w o l l a e b d l u o w C T I e h t e s a cs: i s h e t l nu I r

se e h ct i v g r n e i l s i a rv oa s dn oo os gn o i nt od i Cn To Ic le a e t r o h t t ee hr t a ,e r r e de h at r : s t we aoi c v sNr i .e .0 d 0s t 0& L, 0s A0d , 1 o o g sh i c du es s a hn co r C uT pI

d e s r e v e r e b o t s i 0 0 0 , 0 0 , 1 f o C T I : e s o p r u p l a n o s r e p r o f d e s u y l l u F

: e s o p r u p l a n o s r e p r o f d e s u % 0 4 & e s o p r u p s s e n i s u 0 b0 r0 o0 , f d6 e s f uo %C 0T 6I

) % 0 4 × 0 0 0 , 0 0 , 1 ( 0 0 0 , 0 4

f o C T I d n a d e w o l l a s i ) % 0 6 × 0.

0d e 0s , 0 r 0e , v 1 e ( r e b o t s i

`

Answer:

• The proportionate ITC for business purpose shall be allowed • The proportionate ITC for personal purpose shall be reversed ITC IS USED FOR BOTH THE PURPOSES

d e w o l l a s i 0 0 0 , 0 0 , 1

f o C T I : e s o p r u p s s e n i s u b r o f d e s u y l l u F

u

`

u

`

u

e s o p r u p l a n o s r e P u

ITCIS USED FOR BUSINESS PURPOSE ONLY

• Full ITC shall be allowed

ITC IS USED FOR PERSONAL PURPOSE ONLY

• Full ITC shall be reversed

`

Para 4.3 95

4.3.1.5

4.3.1.6

Common ITC: -

4.3.1.1 the goods or services on which GST is charged, are used for the following purposes: - (1st Case) u

For Example: `

T I D E R C X A T T U P N I

Para 4.3

96

Points to be noted  The ITC for the above terms shall be determined at the invoice level (if possible). The calculations shall be done separately for ITC of CGST, SGST & UTGST and IGST.  Proportion can be used only if it is identifiable that what is the proportion of using the ITC for business & personal purpose.”  If the common credit is used partly for business purpose and partly for non-business purpose, the non-business purpose ITC shall be equal to 5% of common credit. e h t e r e h W

) s e i l p p u s t r o p x E g n i d u l c n i ( s e i l p p u S e l b a x a T

4.3.1.2 goods or services are used for providing the following supplies: - (2nd Case) u

e s r e v e r h c i h w n o s e i l p p u s d r a w t u o g n i d u l ) c e nl i b ( a sc e i i l l p p pp ua Si s te p g mr ea xh Ec

u

g n i w o l l o f e h t r e p s a d e s r e v e r & d e w o l l a e b d l u o w C T I e h t e s a cs: i s h e t l u nr I ITC is used for providing taxable supplies only

• Full ITC shall be allowed

ITC is used for providing exempt supplies only

• Full ITC shall be reversed

• The proportionate ITC for taxable supplies shall be allowed • The proportionate ITC for exempt supplies shall be reversed

ITC is used partly for providing taxable supplies & partly for providing exempt supplies

s dl i ea s t a he cd r r ue pv o )n k cr ou t T s ( .

0 s0 d0 o, o0 0 g, n1 o Cs Ti Id e ls a t a o h t c er hu t p ,s r e e di c av r r t e as sn i . o d t C LT AI: ds nw ao 0l l 0o 0f , 0 s 5a e r sa i

For Example : `

`

0 0 0 , 5 7 , 1 : s e i l p p u S e l b a x a T 0 0 0 , 5 6 : s e i l p p u S t p m e x E

: s w o l l o f s a d e s r e v e r d n a d e w o l l a e b d l u o w C T I w o N

Total Turnover: 2,40,000

,t e l a b y al xt ac t e r oi sd l a s si i t ei l e a c s n si t S i ( r. e dd ae) w r s t oe l rl i l oa p f sp di u n0s a0 e k0l c,b 0 a o5 t x s a eft ho e t h sCt i o sTt I dl e ol l oub gfa t eeu c cn b ne i i r S ht

u

`

-

C T I F O L A S R E V E R & N O I T A N I M R E T E D , T N E M N O I T R O P P A

0 0 0 , 0 0 , 1 ( s e i l p p u s e l b a x a t d oe t w eo t l a l na os i i t r ) o 0 p0 o, 0 r 0 p 4 72 , 1/ 90 , 2 0 70 , 5 f7 o , C1 T× I 0 0 0 , 0 0 , 1 ( s e i l p p u s t p d me s er xe ev oe t r ee t a b no ot i t s r i o ) p0 o0 r 0 p , 0 34 8, 02 , / 7 20 0 0 f, o 5 C6 T× I : n e h t r e r u t c a f u n a m e h t s i . d t L A f i e l p m a x e e v o b a e h t n I u

n i g. nd i s e uw yl o l l e va i y s l uu l l c f xe eb sl i l ha h cs i h t wc u ,d d eo s r a p he cl r b ua px lt a a i f r o e t g a n mi r nu t oc Ca Tf Iu en ha Tm u

. nd i e gs nr i e s v ue yr l y e l vl i u s uf l e c b xl el a sh i hs t cc i h u wd o ,r d ep s d a e ht cp r um pe x le a i f r o e t g a n mi r nu t oc Ca Tf Iu en ha Tm

,e t nc l b au a mdx oa nr t i pf gt o np i n s umo i yet . x r s l eo t e r i npp l a i o py rp s p l u it hrgs a n d cp i i r k h a da wn w tt ,ayu d t b ec o s d u t a ep hds o m cr r r e e upv x pee e llr& b a i a&s r x e e di ae t t l a p fwp mo ou ngl ls on a d ier Cr Tuba Itl lw c ea at hf hu Tu so

For the purpose of this rule (point 4.3.1.2), the value of “exempt supply shall include” the following: -



-

u

y l t r a p & s e i l p p u s e l b a x a t g n i d i v o r p r o f : ds ee s i l up yp l u t s r a t pp sm e e cx i e v r r e o Sf u

f o C T I : s e i l p p u s t p m e x e g n i d i v o rd pe s rr oe f v e dr ee s ub o yt l l s u i f0 s0 e 0 , c0 i v 0 , r 1 e S u

f o C T I : s e i l p p u s e l b a x a t g n i d i v o r p r o f d de ew s uo l l ya l l s u i f0 s0 e 0 , c0 i v 0 , r 1 e S u

Outward Supplies on which the recipient is liable to pay tax on reverse charge basis

u

Para 4.3 97

`

`

`

`

Points to be noted  Since the calculation in this rule is based on the exempt & taxable turnover of registered person for the tax period.  Where the registered person does not have any turnover during that particular tax period or the information of turnover values (exempt or taxable) is not available, in this case the values of turnover for the last tax period in which the details of such turnover are available, shall be considered.  The calculations shall be done separately for ITC of CGST, SGST/ UTGST & IGST.

GST

Mini Ready Reckoner AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE

: : : : : : :

AKHIL SINGLA, PAVAN KUMAR GAUR TAXMANN APRIL 2022 3RD EDITION 9789356221307 334 PAPERBACK

Rs. : 895 | USD : 43

Description This book provides a ‘basic working knowledge’ of the GST mechanism, right from understanding the GST process, to the procedure and payment of tax & penalties under the law.

This book will be helpful for beginners, students & professionals who wish to understand the concepts of GST Law in a simplified manner.

The Present Publication is the 3 rd Edition, authored by CA Akhil Singla & Pavan Kumar Gaur. This book is amended by the Finance Act 2022, and updated till 20 th April 2022, with the noteworthy features: u

Step-by-Step Guide] for a basic understanding of GST law & compliances

u

[Lucid & Simple Language] to explain the entire GST process

u

[FAQs, Examples, Flow Charts & Diagrams] are used to aid the learning process

u

[GST Compliance Chart] for April 2021 – April 2022

u

[Coverage of GST Amendments] made by the Finance Act, 2022

The contents of the book are as follows: u

Levy and Collection on Supply

u

Nature of Supply

u

Time and Value of Supply

u

Input Tax Credit (ITC)

u

GST Registration & Types of Taxpayers

u

Composition Scheme under GST (Section 10)

u

Tax Invoice, Credit & Debit Notes

u

E-Way Bill

u

Accounts & Records

u

GST Returns

u

Payment of Tax & other Dues

u

Zero Rated Supply & Refund

u

Assessment and Audit

u

Offences & Penalties

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