Monday, January 23, 2017

gst return, filling, innovations, gsp rationale

Return under GST
  • One invoice at each stage of supply (sale) showing both taxes separately
  • B2B invoice data needs to be uploaded to create sales return (GSTR-1)
  • Creation of purchase return (GSTR-2) based on sales return of sellers
  • GSTR-3 based on GSTR-1 and GSTR-2
  • Anytime upload of invoice data
  • One Return for both taxes
  • One assessing authority and one appellate authority

Return filling under GST
  • B2B Invoice data upload
  1. On the GST portal
  2. Using offline tool (like Excel)
  3. Using 3rdparty tool
  • Filing of GSTR-1 based on invoice data and data on exports, supplies to consumers etc.
  • Downloading of GSTR-2
  • Matching it with one’s own Purchase Register
  1. Manually on the portal
  2. Using 3rdParty Tool
  3. Facility to add new invoice not uploaded by supplier
  4. Facility to modify the invoice data
  • Filing of GSTR-2 after incorporating other details like imports etc.
  • Pay amount due by ITC and/or Cash
  • File GSTR-3

Innovations under GST: Return




GSTR-2 vs Purchase Register

> GSTR-2 will get prepared based on GSTR-1 of Suppliers
> The Tax Accounting S/W should match purchase register with GSTR-2 creating the following:
  • All invoices which match (Invoice no./Tax amount)
  • Those invoices which do not match
  1. Wrongly entered GSTIN of buyer
  2. Invoice number does not match
  3. Taxable amount or tax amount does not match
  • The invoices not uploaded by seller


The Business case for GST Suvidha Providers
  • Invoice upload data any time any day as against waiting for the end of the month
  • Prevent last day–last minute rush on the GST Portal.
  • Enable a middle tier of entrepreneurs who can develop innovative services and solutions for a variety of tax payers:-
  1. Industry specific plays(FMCG, autos, manufacturing, etc)
  2. MSMEs
  3. Provide mobile app based services to their clients 24x7 and on the move
  4. Enable 1000+ small tax accounting softwar providers
  • Enable optimal, 24x7 use of GST Portal all round
  • Act as an isolation layer for GST System

The Rationale for GSP
  • The GST System will have a G2B portal for taxpayers to access the GST System.
  • But taxpayers may require different kind of facilities like
  1. integration of their Accounting Packages/ERP with GST System
  2. converting their purchase/sales register data in GST compliant format
  • Third party applications, which can provide different kind of interfaces on desktop and mobile to comply with GST requirements.
  • Large organization may require an automated way to interact with GST system for uploading large number of invoices.
  • All this require an eco system of third party service providers
  • These service providers have been given a generic name, GST Suvidha Provider or GSP.

The Business case for GST Suvidha Providers
  • Invoice upload data any time any day as against waiting for the end of the month
  • Prevent last day–last minute rush on the GST Portal.
  • Enable a middle tier of entrepreneurs who can develop innovative services and solutions for a variety of tax payers:-Industry specific plays(FMCG, autos, manufacturing, etc)
  1. MSMEs
  2. Provide mobile app based services to their clients 24x7 and on the move
  3. Enable 1000+ small tax accounting softwar providers
  • Enable optimal, 24x7 use of GST Portal all round
  • Act as an isolation layer for GST System













Taxpayer Education and Helpdesk
  • Education on GST Portal thru master trainers of CBEC and States
  • Video based Tutorial-CBT (Computer-Based Training, available at gst.gov.in under help.)
  • Online User Manuals and FAQs
  • 24X7 Helpdesk for taxpayers on IT System
  1. –0124-4688999
  2. –helpdesk@gst.gov.in
  • Offline utility for invoice upload

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