All posts by Niraj Nirala

Solved: What if suppliers have not shown your invoice(s) in their GSTR 1?

In case a supplier fails to upload few invoice(s) for supplies to registered persons in his GSTR1 and has filed his GSTR1, there is no need for undue concern for the recipient (buyer).

Though, no invoices can be added to a GSTR 1 once it is filed, there are, yet two ways in which the recipient can claim credit and the supplier can discharge his liability on such invoices.

These are:

i) The recipient can add such invoices in his GSTR 2. These added invoices would be auto-drafted in the GSTR 1A of the supplier and they can accept them and file their acceptance to the GST portal before filing their GSTR 3 of the month. These invoices will form a part of that month’s return and the supplier would be able to discharge his liability without any interest. The recipient will also be entitled to credit, if eligible, on such invoices in that very month.

ii) If the recipient also fails to add these invoices in his GSTR 2 of the month, the supplier can add these invoices in his next month return and pay his liability with due interest. These invoices will be auto-populated in the GSTR 2 of the recipient and he can claim credit, if eligible, in this month.

GSTR 1 filing date for July month extended till 10th October

The Govt. today in 21st Council meeting extended the deadline for July month GST return GSTR 1 to 10th October ,earlier it was 10th September.

Recommended the following measures to facilitate taxpayers:

  1. a) In view of the difficulties being faced by taxpayers in filing returns, the following revised schedule has been approved:

Due dates for filing of the above mentioned returns for subsequent periods shall be notified at a later date.

b) GSTR-3B will continue to be filed for the months of August to December, 2017.

c) A registered person (whether migrated or new registrant), who could not opt for composition scheme, shall be given the option to avail composition till 30th September 2017 and such registered person shall be permitted to avail the benefit of composition scheme with effect from 1st October, 2017.

d) Presently, any person making inter-state taxable supplies is not eligible for threshold exemption of Rs. 20 lacs (Rs. 10 lacs in special category states except J & K) and is liable for registration. It has been decided to allow an exemption from registration to persons making inter-State taxable supplies of handicraft goods upto aggregate turnover of Rs. 20 lacs as long as the person has a Permanent Account Number (PAN) and the goods move under the cover of an e-way bill, irrespective of the value of the consignment.

e) Presently, a job worker making inter-State taxable supply of job work service is not eligible for threshold exemption of Rs. 20 lacs (Rs. 10 lacs in special category states except J & K) and is liable for registration.  It has been decided to exempt those job workers from obtaining registration who are making inter-State taxable supply of job work service to a registered person as long as the goods move under the cover of an e-way bill, irrespective of the value of the consignment. This exemption will not be available to job work in relation to jewellery, goldsmiths’ and silversmiths’ wares as covered under Chapter 71 which do not require e-way bill.

f) FORM GST TRAN-1 can be revised once.

g) The due date for submission of FORM GST TRAN-1 has been extended by one month i.e. 31st October, 2017.

h) The registration for persons liable to deduct tax at source (TDS) and collect tax at source (TCS) will commence from 18th September 2017. However, the date from which TDS and TCS will be deducted or collected will be notified by the Council later.

2. The GST Council has decided to set up a committee consisting of officers from both the Centre and the States under the chairmanship of the Revenue Secretary to examine the issues related to exports.

3.  The GST Council has also decided to constitute a Group of Ministers to monitor and resolve the IT challenges faced during GST implementation.

Who need GST registration?

Identify yourself, whether you are liable to register under GST.

Here the criterias are as per act and registration rules:

Any individual or entity that fulfills any of the following conditions needs to get GST Registration
1 Having an annual aggregate turnover from operations in the state which is above the threshold limit of  20 Lakhs (Rs. 10 Lakhs for North-Eastern States)
2 Currently registered under any of the existing indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit
3 Having operations in multiple states
4 Having multiple business verticalsin one state
5 Making any Inter-State taxable supply
6 Casual taxable persons & Non-resident taxable persons
7 Required to pay tax under Reverse Charge
8 Required to deduct tax at source
9 Agents of a supplier
10 Input Service Distributor
11 Supplying goods or services through E-commerce Operator
12 E-commerce Operator/ Aggregator who supplies goods or services under his brand name (e.g. Flipkart, Amazon, Ola)
13 Supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

How to download and install GST Offline Tool or Utility for GSTR 1?

As all of us were waiting for the offline tool to prepare and file GSTR 1. Finally yesterday it was made available on GST Website by government. Here are the steps given to download and do test whether file is not corrupted and install (you can also watch my youtube video for complete steps):

  1. First go to GST website download section.
  2. You get the downloadable file from the link available at the end of first line.
  3. Download and save wherever you want.
  4. Now let’s verify whether downloaded file is valid and not corrupt.
  5. Press window button and search power shell.
  6. Run it and now type “get-filehash [space] copy and paste path of the downloaded file [space] -algorithm SHA256” press enter.
  7. We will get the unique hash code, it means files are absolutely fine and not at all anything corrupted.
  8. Now unzip the downloaded file.
  9. Install the application file “GST Offline Tool”.
  10. Now GST Offline Tool is ready to prepare GSTR 1.

See the below image for example: