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TMI BlogFurnishing of returns.X X X X Extracts X X X X X X X X Extracts X X X X ..... ish a return for every quarter or part thereof, subject to such conditions and restrictions as may be specified therein. (2) A registered person paying tax under the provisions of section 10, shall, for each financial year or part thereof, furnish a return, electronically, of turnover in the State or Union territory, inward supplies of goods or services or both, tax payable, tax paid and such other particulars in such form and manner, and within such time, as may be prescribed. ] 15 [ (3) Every registered person required to deduct tax at source under section 51 shall electronically furnish a return for every calendar month of the deductions made during the month in such form and manner and within such time as may be prescribed: Provided tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stered person furnishing return under the proviso to sub-section (1) shall pay to the Government, in such form and manner, and within such time, as may be prescribed, (a) an amount equal to the tax due taking into account inward and outward supplies of goods or services or both, input tax credit availed, tax payable and such other particulars during a month; or (b) in lieu of the amount referred to in clause (a), an amount determined in such manner and subject to such conditions and restrictions as may be prescribed. ] Provided further that every registered person furnishing return under subsection (2) shall pay to the Government the tax due taking into account turnover in the State or Union territory, inward supplies of goods or services o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e recommendations of the Council, by notification, subject to such conditions and restrictions as may be specified therein, allow a registered person or a class of registered persons to furnish the return, even if he has not furnished the returns for one or more previous tax periods or has not furnished the details of outward supplies under sub-section (1) of section 37 for the said tax period. ] . 14 [ (11) A registered person shall not be allowed to furnish a return for a tax period after the expiry of a period of three years from the due date of furnishing the said return: Provided that the Government may, on the recommendations of the Council, by notification, subject to such conditions and restrictions as may be specified therein, allo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , the words the end of the financial year to which such details pertain shall be substituted. 7. Substituted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 10-11-2020 before it was read as (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or, section 51 or section 52 shall, for every calendar month or part thereof, furnish, 1 [ in such form, manner and within such time as may be prescribed ] , a return, electronically, of inward and outward supplies of goods or services or both, input tax credit availed, tax payable, tax paid and such other particulars as may be prescribed, 2 [****] . 3 [ Provided that the Government may, on the recommendat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der the proviso to sub-section (1) shall pay to the Government, the tax due taking into account inward and outward supplies of goods or services or both, input tax credit availed, tax payable and such other particulars during a month, in such form and manner, and within such time, as may be prescribed: 11. Substituted vide Finance Act, 2022 w.e.f. 01-10-2022 before it was read as , Subject to the provisions of sections 37 and 38, if 12. Substituted vide Finance Act, 2022 w.e.f. 01-10-2022 before it was read as , the due date for furnishing of return for the month of September or second quarter 13. Substituted vide Finance Act, 2022 w.e.f. 01-10-2022 before it was read as , has not been furnished by him 14. Inserted vide THE FINANCE ACT, 202 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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