Oct 17, 2017
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GST return :annual return,final return,Details of inward supplies with UDI

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GST Return

GST return article is in relation to rules 21,22 and 23 under GST Revised rules returns,2017 i.e.,Annual return, Final return and Details of inward supplies of persons having Unique Identity Number[UDI]. GST return article mainly talks about the rules that are revised by the GST council.

Under GST , the council has clearly stated the types and forms so required to file the return.  Thus only registered person has right to claim. And filed for return under GST India.

Further GST return rules elaborated as under:

21. Annual return
22. Final return
23. Details of inward supplies of persons having Unique Identity Number[UDI]

Which FORM applicable to issue Annual return, Final return and Details of inward supplies of persons having Unique Identity Number [UDI]?

RULES

FORM

CONTENT WITH REFERENCE

21. Annual return

a)   FORM GSTR-9

b)   FORM GSTR-9A

c)    FORM GSTR-9B

a)      Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return as specified under sub-section (1) of section 44

b)      Provided that a person paying tax under section 10 shall furnish the annual return in.

c)       Every registered person whose aggregate turnover during a financial year exceeds one crore rupees shall get his accounts audited

22. Final return

FORM GSTR-10

Every registered person required to furnish a final return under section 45, shall furnish such return electronically

23. Details of inward supplies of persons having Unique Identity Number[UDI]

FORM GSTR-11

a)      Every person, who has been issued a Unique Identity Number and claims refund of the taxes paid on his inward supplies, shall furnish the details of such supplies of taxable goods or services or both

b)      Every person, who has been issued a Unique Identity Number for purposes other than refund of the taxes paid

what are the procedure to follow under this GST Return rules:

Annual return (Rule 21)

(1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return as specified under sub-section (1) of section 44,

While this form need to file electronically in FORM GSTR-9 through the Common Portal either directly or through a Facilitation Centre  notified by the Commissioner:

Provided that a person paying tax under section 10 shall furnish the annual return in FORM GSTR-9A.

(2) Every registered person whose aggregate turnover during a financial year exceeds one crore rupees shall get his accounts audited as specified under sub-section (5) of section 35. However he shall also furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9B.

While this form need to file electronically through the Common Portal either directly or through a Facilitation Centre notified by the Commissioner.

Final Return (Rule 22)

Every registered person required to furnish a final return under section 45, shall furnish such return electronically in FORM GSTR-10 through the Common Portal either directly or through a Facilitation Centre notified by the Commissioner.

Details of inward supplies of persons having Unique Identity Number [UDI] (Rule 23)

(1) Every person, who has been issued a Unique Identity Number and claims refund of the taxes paid on his inward supplies, shall furnish the details of such supplies of taxable  goods or services or both in FORM GSTR-11 along with application for such refund claim either directly or through a Facilitation Centre, notified by the Commissioner.

(2) Every person, who has been issued a Unique Identity Number for purposes other than refund of the taxes paid, shall furnish the details of inward supplies of taxable goods or services or both as may be required by the proper officer in FORM GSTR-11.

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Renuka is a Final Year LL.B. student at Siddharth College of Law. She has done her Bachelors in Banking & Insurance and has also completed her Masters in Business Management . She likes to participate in legal workshops and Moot Courts. Besides her interest in law, she has a keen aptitude for legal research and is good at putting her analysis into words.

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