Page 38 - Plastics News June 2017

FEATURES
FEATURES

What are the compliances in GST – Returns

Generate GSTR-2 by
Upload GSTR-1 Auto-populated GSTR- accepting / rejecting
(Details of Sales) 2A based on details / modifying details
from GSTR-1 filed by from GSTR-2A
th
(10 of Next Month) suppliers
(15 of Next Month)
th

Generate net tax
payable / carried
forward in GSTR 3 Supplier to accept Add missing purchase
modifications invoices
(20 of Next Month)
th

GSTR-4: Quarterly Return for compounding Taxable persons – 18 of the month next to quarter
th
GSTR-5: Return for Non-Resident foreign taxable person – Last day of registration
th
GSTR-6: Return for Input Service Distributor – 13 of next month
GSTR-7: Return for authorities deducting tax at source (TDS) – 10 of next month
th
th
GSTR-8: Return for e-commerce operator & Tax Collected at Source (TCS) – 10 of next month
15
st
GSTR-9: Annual Return [Registration wise (each state) Reconciliation of GST with Annual Accounts] – 31 December of
next Financial year
Potential Challenges in
Claiming Credit

Return not filed Non payment of Mismatch not
tax resolved by month
of September
following end of
financial year

Goods in transit Price differences / Interpretation issues
treatment of in terms of time of
discounts, supply, place of
incentives / goods supply
returns

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Plastics News | June 2017 38