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TMI BlogAnnexure 13: Due dates and extension of due dates of submission of various returnsX X X X Extracts X X X X X X X X Extracts X X X X ..... 2018 Feb, 18 20.03.2018 Mar, 18 20.04.2018 Total late fee payable Total late fee paid Late fee due a.1 Conditional waiver of late fee for delayed furnishing of return in Form GSTR-3B Tax period Late fee waived Condition October, 2017 Waived in full Return in FORM GSTR-3B was submitted but not filed on the common portal, after generation of the application reference number. [CGST Notification No. 41/2018-CT, dt. 04.09.2018] July, 2017 to March, 2018 Waived in full If the said return is furnished between the period from 22nd December, 2018 to 31st March, 2019. [CGST Notification No. 76/2018-CT, both dt. 31.12.2018] a.2 Conditional waiver of late fee for delayed furnishing of return in Form GSTR-3B Tax period Return in GSTR-3B furnished between 01.07.2020 to 30.09.2020 Return in GSTR-3B furnished after 30.09.2020 July, 2017 to March, 2018 Maximum Rs. 250/- under each of the CGST/SGST Act for each return period. Nil where the total amount of tax payable in the return for a tax period is nil. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... B Period Due Date/Extended date Submit on Days of delay Late fee payable per day Total fee payable Apr, 18 22.05.2018 @Rs. 25/day (Where total amount of tax payable in nil, Rs. 10/day) Subject to max of Rs. 5000/- under each of the CGST/SGST Act from the due date of return, till the date on which return is filled. (CGST Notification no. 64/2017-CT dt. 15-11-2017) May, 18 20.06.2018 Jun, 18 20.07.2018 Jul, 18 24.08.2018 Aug, 18 20.09.2018 Sep, 18 25.10.2018 Oct, 18 20.11.2018 Nov, 18 20.12.2018 Dec, 18 20.01.2019 Jan, 19 22.02.2019 Feb, 19 20.03.2019 Mar, 19 23.04.2019 Total late fee payable Total late fee paid Late fee due a.1 Conditional waiver of late fee for delayed furnishing of return in Form GSTR- 3B Tax period Late fee waived Condition April, 2018 to Sept, 2018 Waived in full If the said return is furnis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Total late fee payable Total late fee paid Late fee due Amnesty: No late fee is payable for the registered persons who failed to furnish FORM GSTR-1 for the months/ quarters from July, 2017 to September, 2018 by the due date but furnishes FORM GSTR-1 between the period from 22nd December, 2018 to 31st March 2019 [CGST Notification no. 75/2018, dt. 31.12.2018] No late fee is payable for the registered persons who failed to furnish FORM GSTR-1 for the months/ quarters from July, 2017 to November, 2019 by the due date but furnishes FORM GSTR-1 between the period from 19th December, 2019 to 17th January, 2020 [CGST Notification no. 74/2019-CT dt. 26.12.2019 read with 8[CGST Notification no. 04/2020, dt. 17.01.2020]] Financial Year (2019-2020) a. Return type - GSTR 3B Due Date Due date (Aggr. T.O. up to Rs. 5 Crore) Submit on Days of delay Late fee payable per day Total fee payable Apr, 19 20.05.2019 @Rs. 25/day (Where total amount of tax payable in nil, Rs. 10/day) Subject to max of Rs. 5000/- under each of the CGST/SGST Act from the due date of return, till the dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Jun, 19 11.07.2019 Jul, 19 11.08.2019 Aug, 19 11.09.2019 Sep, 19 11.10.2019 Oct, 19 11.11.2019 Nov, 19 11.12.2019 Dec, 20 11.01.2020 Jan, 20 11.02.2020 Feb, 20 11.03.2020 Mar, 20 11.04.2020 Apr-Jun 2019 31.10.2019 Jul-Sept 2019 31.10.2019 Oct-Dec 2019 31.01.2019 Jan-Mar 2019 30.04.2020 Total late fee payable Total late fee paid Late fee due Amnesty: 1. No late fee is payable for the registered persons who failed to furnish FORM GSTR-1 for the months/ quarters from July, 2017 to September, 2018 by the due date but furnishes FORM GSTR-1 between the period from 22nd December, 2018 to 31st March 2019[CGST Notification no. 75/2018, dt. 31.12.2018] 2. No late fee is payable for the registered persons who failed to furnish FORM GSTR-1 for the months/ quar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nover disclosed in GSTR 1 (Rs.) Turnover disclosed in GSTR 9 / 9A (Rs.) Turnover as in P/L account (Rs.) Difference (Rs.) Reconciliation statement with supporting documents needs to be examined. Any other supply which is not disclosed in any of the above fields but disclosed at the time of audit. Additional information from the books / other sources to examine correctness of the turnover disclosed finally at the time of audit (monthly statement): Areas of concern Examination Value of supply Disclosed in return (Y/N) Additional tax liability (if any) Intra states (s) Inter state (I) with POS (States Code)* State tax Central tax Integrated tax Cess Other/Misc. income Whether in the pre-GST or in the GST regime, "Other Income" ledger has always been an important ledger to examine. It is important to go through every transaction reflected in this ledger to confirm as to whether GST is applicable on any transaction for which tax compliance has not been made. For example, penal interest, penalty / damages recovered etc. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... before 1st July, 2017(but not more than six months earlier from 1.7.2017) if returned within 6 months (2 months more in case of sufficient cause) from GST implementation, then no tax is payable by the person returning the goods. If it is returned after the time limit, then GST is payable by the person who returned the goods [sec 142 (12)]. If the goods are not returned within above time limit, the person who sent the goods is liable to pay GST. In GST regime: The invoice with respect of goods sent on approval basis has to be issued at the earliest of - (i) Before or at the time of supply, (ii) 6 months from the date of removal of goods from factory / godown etc. If the goods are not approved within 6 months, it will be deemed that sale of the said goods has taken place by the person who has sent the goods for approval. [S. 31(7) read with S. 12(2)] Goods sent to job workers Inputs sent for job work are not received back by the principal after completion of job work or otherwise not received within 01 year of their being sent out, it shall be de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d related person is defined in Explanation to sec 15. This issue needs careful examination because in most of the cases there may not be any reflection of transactions with related or distinct persons in P/L account or in any ledger. In the case of goods there may be an audit trail of transactions among the distinct or related person without any consideration. But in the case of services, such trails may not be found in the books of accounts. The auditor needs to study the particular business pattern of the auditee and should try to find out probable areas. Valuation of such supply needs examination. Expenses accounts to ascertain if there are any expenses for free gift r facility (free holiday package, etc.) To any employee for value exceeding Rs. 50,000/- in a year. This is another important area where the auditee may fail to comply with the provisions [entry no.2 of Sch I of sec 7]. Most of such supplies may be found in different expense ledgers like misc. expenses / other expenses, wages-salary-allowances, benefits to the employees, directors' remu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of supply STATE/UNION TERRITORY CODE STATE/UNION TERRITORY CODE Jammu and Kashmir 1 Jharkhand 20 Himachal Pradesh 2 Odisha 21 Punjab 3 Chhattisgarh 22 Chandigarh 4 Madhya Pradesh 23 Uttarakhand 5 Gujarat 24 Haryana 6 Daman and Diu 25 Delhi 7 Dadra and Nagar Haveli 26 Rajasthan 8 Maharashtra 27 Uttar Pradesh 9 Andhra Pradesh (before division) 28 Bihar 10 Karnataka 29 Sikkim 11 Goa 30 Arunachal Pradesh 12 Lakshadweep 31 Nagaland 13 Kerala 32 Manipur 14 Tamil Nadu 33 Mizoram 15 Puducherry 34 Tripura 16 Andaman and Nicobar Islands 35 Meghalaya 17 Telangana 36 Assam 18 Andhra Pradesh (new) 37 West Bengal 19 Ladakh 38 Part E (Correctness of purchase / procurement for which tax is payable u/s 9(3) & 9(4) of the SGST/CGST Act and u/s 5(3) & 5(4) of the IGST Act) As disclosed in GSTR 3B (Rs.) As disclosed in GSTR 9/9A (Rs.) As disclosed in P/L (Rs.) Difference (Rs.) Reconciliation statement with supporting documents needs to be examined. Any other supply which is not disclosed in any of the above fields but disclosed at the time of audit. Additional ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sp; Tax involvement on undisclosed supply *Refer to previous page for list of State Codes Part F (Correctness of claim of Input Tax Credit) Details of ITC [month wise] Integrated Tax Central Tax State Tax Cess As per 3B As per audit As per 3B As per audit As per 3B As per audit As per 3B As per audit (1) (2) (3) (4) (6) (7) (8) (9) (10) a. Import of goods b. Import of Service c. Inward supplies liable to Reverse Charge (except a, b above In GST, ITC can be availed by every registered taxable person on all inputs, input services and capital goods used or intended to be used in the course of or for the furtherance of business with a few exceptions. However, there are conditions to avail such ITC. The situation becomes more complex when there is common credit used in business and non- business, or used in taxable supply and exempt supply. d. Inward supplies from ISD e. All other ITC including ITC on TRAN A. ITC available (a+ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nbsp; Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total *payment made by any other instrument like DRC-03, payment again ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Default period (days upto the date of FAR)* Rate of Interest Interest payable *The actual interest payable shall be calculated till the date on which such interest is actually paid. 4. Interest payable due to excess amount Refunded Particulars Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total Amount of excess refund Date of receipt of refund Date of FAR Default period (days upto the date of FAR)* &n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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