Chapter 10 Procedure of Refund of Tax/ GST Notification No. 10/2017 Dated- 28-06-2017

Chapter X Refund

89.       Application   for  refund   of  tax,  interest,   penalty,  fees  or  any  other  amount.- (1)Any person,  except  the  persons  covered  under  notification  issued  under  section  55, claiming refund of any tax, interest, penalty, fees or any other amount paid by him, other than refund of integrated tax paid on goods exported out of India, may file an application electronically  in  FORM   GST  RFD-01  through  the  common  portal,  either  directly  or through a Facilitation Centre notified by the Commissioner:

Provided that any claim for refund relating to balance in the electronic cash ledger in accordance with the provisions of sub-section (6) of section 49 may be made through the return furnished for the relevant tax period in FORM  GSTR-3  or FORM  GSTR-4  or FORM GSTR-7, as the case may be:

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Chapter IX - Payment of Tax / GST Notification No. 10/2017 Dated- 28-06-2017

Chapter IX Payment of Tax

85. Electronic  Liability  Register.-  (1) The electronic liability register specified under sub- section (7) of section 49 shall be maintained in FORM GST PMT-01 for each person liable to pay tax, interest, penalty, late fee or any other amount on the common portal and all amounts payable by him shall be debited to the said register.

(2)       The electronic liability register of the person shall be debited by-

(a)       the  amount  payable  towards  tax,  interest,  late  fee  or  any  other  amount payable as per the return furnished by the said person;

(b)       the  amount  of  tax,  interest,  penalty  or  any  other  amount  payable  as determined by a proper officer in pursuance of any proceedings under the Act or as ascertained by the said person;

(c)       the amount of tax and interest payable as a result of mismatch under section

42 or section 43 or section 50; or

(d)       any amount of interest that may accrue from time to time.

(3)       Subject to the provisions of section 49, payment of every liability by a registered person as per his return shall be made by debiting the electronic credit ledger maintained as per rule 86 or the electronic cash ledger maintained as per rule 87 and the electronic liability register shall be credited accordingly.

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Chapter 8- know about GST Returns / GST Notification No. 10/2017 Dated- 28-06-2017

Chapter VIII Returns

59.       Form and manner of furnishing details of outward supplies.- (1) Every registered person, other than a person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017, required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in FORM  GSTR-1 electronically through the common portal, either directly or through a Facilitation Centre notified by the Commissioner.

(2)       The details of outward supplies of goods or services or both furnished in FORM GSTR-1 shall include the –

(a) invoice wise details of all -

(i) inter-State and intra-State supplies made to the registered persons; and

(ii) inter-State supplies with invoice value more than two and a half lakh rupees made to the unregistered persons;

(b) consolidated details of all -

(i) intra-State supplies made to unregistered persons for each rate of tax; and (ii) State wise inter-State supplies with invoice value upto two and a half lakh rupees made to unregistered persons for each rate of tax;

(c) debit and credit notes, if any, issued during the month for invoices issued previously.

(3)      The details of outward supplies furnished by the supplier shall be made available electronically to the concerned registered persons (recipients) in Part  A of FORM  GSTR-

2A, in FORM  GSTR-4A  and in FORM  GSTR-6A  through the common portal after the due date of filing of FORM GSTR-1.

(4)       The details of inward supplies added, corrected or deleted by the recipient in his FORM GSTR-2 under section 38 or FORM GSTR-4 or FORM GSTR-6 under section 39 shall be made available to the supplier electronically in FORM  GSTR-1A  through the common portal and such supplier may either accept or reject the modifications made by the recipient and FORM  GSTR-1 furnished earlier by the supplier shall stand amended to the extent of modifications accepted by him.

60.       Form and manner of furnishing details of inward  supplies.- (1)  Every  registered person, other than a person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017, required to furnish the details of inward supplies of goods or services or both received during a tax period under sub-section (2) of section 38 shall, on the basis of details contained in Part  A, Part  B and  Part  C of FORM  GSTR-2A,  prepare such details as specified in sub-section (1) of the said section and furnish the same in FORM  GSTR-2 electronically through  the  common  portal,  either  directly or  from  a  Facilitation  Centre notified by the Commissioner, after including therein details of such other inward supplies, if any, required to be furnished under sub-section (2) of section 38.

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Chapter VII Accounts and Records / GST Notification No. 10/2017 Dated- 28-06-2017

Chapter VII Accounts and Records

56. Maintenance of accounts  by registered persons.-  (1) Every registered person shall keep and maintain, in addition to the particulars mentioned in sub-section (1) of section 35, a true and correct account  of the  goods or services  imported  or exported  or of supplies attracting payment of tax on reverse charge along with the relevant documents, including invoices, bills of supply, delivery challans, credit notes, debit notes, receipt vouchers, payment vouchers and refund vouchers.

(2) Every registered person, other than a person paying tax under section 10, shall maintain the accounts of stock in respect of goods received and supplied by him, and such accounts shall  contain  particulars  of  the  opening  balance,  receipt,  supply,  goods  lost,  stolen, destroyed, written off or disposed of by way of gift or free sample and the balance of stock including raw materials, finished goods, scrap and wastage thereo

(3) Every registered person shall keep and maintain a separate account of advances received, paid and adjustments made thereto.

(4) Every registered person, other than a person paying tax under section 10, shall keep and maintain an account, containing the details of tax payable (including tax payable in accordance with the provisions of sub-section (3) and sub-section (4) of section 9), tax collected and paid, input tax, input tax credit claimed, together with a register of tax invoice, credit notes, debit notes, delivery challan issued or received during any tax period.

(5) Every registered person shall keep the particulars of -

(a) names and complete addresses of suppliers from whom he has received the goods or services chargeable to tax under the Act;

(b) names and complete addresses of the persons to whom he has supplied goods or services, where required under the provisions of this Chapter;

(c)  the complete address of the premises where goods are stored by him, including goods stored during transit along with the particulars of the stock stored therein.

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Chapter VI TAX INVOICE, CREDIT AND DEBIT NOTES / GST Notification No. 10/2017 Dated- 28-06-2017

Chapter VI

TAX INVOICE, CREDIT AND DEBIT NOTES

46. Tax invoice.- Subject to rule 54, a tax invoice referred to in section 31 shall be issued by the registered person containing the following particulars, namely,-

(a)       name, address and Goods and Services Tax Identification Number of the

supplier;

(b)        a  consecutive  serial  number  not  exceeding  sixteen  characters,  in  one  or multiple  series,  containing  alphabets  or  numerals  or  special  characters- hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination thereof, unique for a financial year;

(c)       date of its issue;

(d)       name, address and Goods and Services Tax Identification Number or Unique

Identity Number, if registered, of the recipient;

(e)        name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is fifty thousand rupees or more;

(f)        name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is less than fifty thousand rupees and the recipient requests that such details be recorded in the tax invoice;

(g)       Harmonised System of Nomenclature code for goods or services; (h)       description of goods or services;

(i)        quantity in case of goods and unit or Unique Quantity Code thereof; (j)        total value of supply of goods or services or both;

(k)        taxable value of the supply of goods or services or both taking into account discount or abatement, if any;

(l)        rate of tax (central tax, State tax, integrated tax, Union territory tax or cess); (m)      amount of tax charged in respect of taxable goods or services (central tax,

State tax, integrated tax, Union territory tax or cess);

(n)        place of supply along with the name of the State, in the case of a supply in the course of inter-State trade or commerce;

(o)       address of delivery where the same is different from the place of supply; (p)       whether the tax is payable on reverse charge basis; and

(q)       signature or digital signature of the supplier or his authorised representative:

Provided that the Board may, on the recommendations of the Council, by notification, specify-

(i)         the number of digits of Harmonised System of Nomenclature code for goods or services that a class of registered persons shall be required to mention, for such period as may be specified in the said notification; and

(ii)        the class of registered persons that would not be required to mention the Harmonised System of Nomenclature code for goods or services, for such period as may be specified in the said notification:

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Chapter V Defination of Input Tax / GST Notification No. 10/2017 Dated- 28-06-2017

                     Chapter V Input Tax Credit

36.             Documentary requirements and  conditions  for  claiming  input  tax  credit.- (1)The input tax credit shall be availed by a registered person, including the Input Service Distributor, on the basis of any of the following documents, namely,-

(a)     an invoice issued by the supplier of goods or services or both in accordance with the provisions of section 31;

(b)    an invoice issued in accordance with the provisions of clause (f) of sub-section

(3) of section 31, subject to the payment of tax;

(c)    a debit note issued by a supplier in accordance with the provisions of section 34; (d)    a bill of entry or any similar document prescribed under the Customs Act, 1962

or rules made thereunder for the assessment of integrated tax on imports;

(e)     an Input Service Distributor invoice or Input Service Distributor credit note or any document issued by an Input Service Distributor in accordance with the provisions of sub-rule (1) of rule 54.

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