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Note : Changes may be expected in Tax Audit format of form 3CD whereby a reconciliation o
details of GST as mentioned in Annexure 4.
Dhandhania & Associates
GST checklist
Date last modified : 28
Particulars
udit
es where aggregate turnover exceeds 2 crore in any financial year, GST audit is compulsary. Such Gst Audit can be done only by a Chartered Accountant or Cost Accountant under provision of s
ead with rule 80(3) of CGST Act, 2017.
Form GST 9C and GST 9D)
nary checks
Client's Primary Business Activity & check whether GST applicable or not. If applicable, rate of GST applicable is to be checked
proper HSN/SAC code has been applied or not from GST portal to ascertain correct rate of GST.
f, as stated in Section 35, the following records are maintined by the company at the "Principal Place of GST" as defined under Section 2(77) of the GST Act:
d that where more than one place of business is specified in the certificate of registration, the accounts relating to each place of business shall be kept at such places of busines.
al place of business", as defined in Section 2(77) of the Act, states the following:
al place of business means the place of business specified as the principal place of business in the certificate of registration."
rd Supplies
ales ledger and check that GST has been charged on all sales at applicable rate or not.
her income schedule and check if GST was to be charged on any supply. (Ex- Sale or Scrap)
GST paid on stock transfer or not.
GST in case of export/SEZ. Whether LUT/Bond has been signed or otherwise IGST will have to be paid and if paid, refund applied & obtained or not.
refund formats" sent on mail)
Supplies
he expenses to check if any GST credit has been missed on any bills.
ection 17(5) of CGST Act, 2017 to check if Client has not taken any blocked credit.
he Supplier's GSTIN on GST Site to ensure that he is not in Composite Scheme (Composite dealer cannot charge GST)
GST credit taken with provisional credit shown in GSTR-2A on site.
whether credit reversed on free/exempted supply which was earlier provided with taxable supply.
n case of Capital Goods whether GST amount has been capitalised and is depreciation being charged on such capitalised amount? If yes then input credit paid on purchase of such capital
be availed.
nput credit should have been taken on all capital goods purchase after 1st July, 2017, subject to the provisons of Sec. 17(5) of the CGST Act.
Point-1 of Annex.-3)
e Expense Schedule & check if any supplies specified under Section 9(3) of CGST Act,2017 has been booked.
ed, RCM has been paid or not and Corresponding credit of the same has been taken in the following Month.
n RCM should have been paid for all Job-works or purchases of Goods/ Services from unregistered dealers subject to the maximum non-taxable limit of Rs. 5,000/- per day on intra state supplie
18). However, With effect from 13.10.17, no GST is required to be paid on goods purchased or services availed from unregistered dealers.
notification 'Central Tax-8/2017' of 28.06.17 " https://taxguru.in/goods-and-service-tax/seeks-notify-turnover-limit-composition-levy-cgst.html ")
e date of filing Tran-2 form is 30th June'2018 (for the persons registered under GST but unregistered under old regime and a dealer or trader who does not have documents of duty paid).
ax/ VAT deposit cannot be claimed as ITC. The same can be applied for refund and can be received either through ECS credit or Cheque. The produre to be followed is given in Annexure 5. N
s made for the same. For details, refer " http://www.derc.gov.in/Public%20Notice/security%20deposit.pdf ". No time limit for claiming the refund has been yet prescribed.
n 17(5)h of the GST Act provides that no input tax credit is available if goods are lost, stolen, destroyed, written off or disposed off by way of gift or free sample. Hence, Input tax credit on in
s used in free sample should be reversed.
2 of the Schedule-I of the CGST Act covers supplies of Goods or Services or both between related persons or between distinct persons as specified in section 25, when made in the cou
ance of business without consideration. Provided that gifts not exceeding fifty thousand rupees in value in a financial year by an employer to an employee shall not be treated as supply of go
s or both.
Free Samples to unrelated persons are not covered under definition of supply. Criteria of taxable supply are not fulfilled in case of free samples. If supply has not been done, Taxable event will not
T will be payable if free samples are given to related parties, as interpreted from the above read together.
he dealer can pay IGST while making the supplies and claim refund of the same.
s may be expected in Tax Audit format of form 3CD whereby a reconciliation of GST outward supplies and input credit may have to be provided. So, it would be better to take t
as mentioned in Annexure 4.
DETAILS PERTAINING TO GST RETURN FILING COMPLIANCE
A) Monthly Returns (for assessee with annual T.O. exceeding Rs.1.5 crore)
GSTR-1
GSTR-3B [ Details of outward supplies of taxable goods
Month services]
Date of Delay (if
Due Date Date of filing Delay (if any) Late Fees Remarks Due Date
filing any)
April'17 N.A.* - N.A.* -
May'17 N.A.* - N.A.* -
June'17 N.A.* - N.A.* -
July'17 8/25/2017 - 1/10/2018 -
August'17 9/20/2017 - 1/10/2018 -
September'17 10/20/2017 - 1/10/2018 -
October'17 11/20/2017 - 1/10/2018 -
November'17 12/20/2017 - 1/10/2018 -
December'17 1/20/2018 - 2/10/2018 -
January'18 2/20/2018 - 3/10/2018 -
February'18 3/20/2018 - 4/10/2018 -
March'18 4/20/2018 - 5/10/2018 -
B) Quarterly Returns (for assessee with annual T.O. upto Rs.1.5 crore)
GSTR-1 GSTR-2
Period Date of Delay (if
Due Date Date of filing Delay (if any) Late Fees Remarks Due Date
filing any)
April'17- June'17 N.A.*
July'17-Sept'17 1/10/2018
Oct'17- Dec'17 2/15/2018
Jan'18-Mar'18 4/30/2018
* For FY 2017-18 from the month of July' 2017 onwards.
** To be Notified
FILING COMPLIANCE Annex-1
GSTR-1 GSTR-2
supplies of taxable goods and/or [ Details of inward supplies of taxable goods and/or
services] services]
Date of Delay (if
Late Fees Remarks Due Date Late Fees Remarks
filing any)
N.A.*
N.A.*
N.A.*
TBN**
TBN**
TBN**
TBN**
TBN**
TBN**
TBN**
TBN**
TBN**
GSTR-2
Late Fees Remarks
Annexure-2
Due Dates of Filing Returns
Month GSTR 3B GSTR 1 TRAN 1
Jul 25/08/17 10/01/18 27/12/17
Aug 20/09/17 10/01/18 -
Sep 20/10/17 10/01/18 -
Oct 20/11/17 10/01/18 -
Nov 20/12/17 10/01/18 -
Dec 22/01/18 10/02/18 -
Jan 20/02/18 10/03/18 -
Feb 20/03/18 10/04/18 -
March 20/04/18 10/05/18 -
Annexure-2
Particulars Late Fees (Rs.) Remarks
Normal Return 50 per day Subject to Maximum
Nil Return 20 per day limit of Rs 5,000
Tax paid after due date 18% p.a. -
Excess ITC Claimed or
excess reduction of 24% p.a. -
output tax
Annex - 3 List of Items on Which Itc Not Available
Rent-a-cab, life insurance and health insurance. (Please note, ITC inrespect of this head
7 will be available if: a. The provision of such facility to employees is statutorily prescribed;
or b. Such services are used for providing further taxable services.)
9 Works contract services when supplied for construction of an immovable property other
than plant and machinery. (Please note, ITC will be available if such works contract
service is received for further supply of works contract service.)
10 Goods or services received by the receiver for construction on his own purpose any
immovable property, other than plant or machinery.
11 Goods or services used for personal consumption.
12
Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples
* Ensure that ITC credits have not been claimed in respect of the above mentioned supplies
Company Name
GST Reco
FY, AY
GST Reco
FY, AY
Any person directly or indirectly owns, controls or holds twenty-five per cent. or
4
more of the outstanding voting stock or shares of both of them;
Under GST, the term “related parties” also includes legal persons and persons who
are associated in the business of one another in that one is the sole agent or sole
distributor or sole concessionaire, of the other. Further, related parties is also
referred to as related persons or distinct persons under GST.
Annex-7
For Zero-Rated Supplies, there is no need to file refund application ( GST RFD-01 ) separately.
The shipping bill filed by the exporter is a refund claim in itself. The law specifies that shipping
bill is to be considered as a refund claim on satisfying following two conditions:
1 A person carrying the export goods should file an export manifest; and
2 Applicant should have filed the returns GSTR-3 or GSTR-3B appropriately.
Once the above two documents are filed appropriately, the refund is processed by the department.
The option to pay IGST and claim a refund is always available. In this case, the refund claim
has to be filed in Form GST RFD-01. For exporters of services, the following are also required
to be filed along with the refund claim:
1 A Statement containing Number and Date of Invoices; and
2 Bank Realisation Certificates / Foreign Inward Remittance Certificates
The supplier of goods or services to an SEZ are required to file the following along with the
refund claim:
1 A Statement containing Number and Date of Invoices; and
2 Proof of Receipt of goods or services which is authorised by the specified officer of SEZ
3 Details of payment made
The declaration that the SEZ or developer of SEZ has not claimed the input tax credit of the taxes paid
4
by the supplier
The exporters and suppliers of SEZ are entitled to a 90% refund on a provisional basis.
Provisional refund is granted within seven (7) days of the refund claim. The amount of
provisional refund is credited directly to the claimant’s bank account.
There is a condition attached to provisional refunds. The provisional refund is not granted if the
applicant has been prosecuted for any offense under the GST law or earlier law within past five
(5) years. The amount of tax evaded in such prosecution shall be more than Rupees Two
Hundred and Fifty Lakhs (Rs. 2.5 Crores).