12. Returns Process and matching of Input Tax Credit

Q 1. What is the purpose of returns?

Q 2. Who needs to file Return in GST regime?

Q 3. What type of outward supply details are to be filed in the return?

Q 4. Is the scanned copy of invoices to be uploaded along with GSTR-1?

Q 5. Whether all invoices will have to be uploaded?

Q 6. Whether description of each item in the invoice will have to be uploaded?

Q 7. Whether value for each transaction will have to be fed? What if no consideration?

Q 8. Can a recipient feed information in his GSTR-2 which has been missed by the supplier?

Q 9. Do the taxable person have to feed anything in the GSTR-2 or everything is auto-populated from GSTR-1?

Q 10. What if the invoices do not match? Whether ITC given or denied? If denied, what action is taken against supplier?

Q 11. What will be the legal position in regard to the reversed input tax credit if the supplier later realises the mistake and feeds the information?

Q 12. What is the special feature of GSTR-2?

Q 13. Whether the ITC denied can be restored?

Q 14. Do tax payers under the composition scheme also need to file GSTR-1 & GSTR-2?

Q 15. Do Input Service Distributors (ISDs) need to file separate statement of outward and inward supplies with their return?

Q 16. How does a taxpayer get the credit of the tax deducted at source on his behalf? Does he need to produce TDS certificate from the deductee to get the credit?

Q 17. Who all need to file Annual Return?

Q 18. Is an Annual Return and a Final Return one and the same?

Q 19. If a return has been filed, how can it be revised if some changes are required to be made?

Q 20. How can taxpayers file their returns?

Q 21. What all should a diligent taxpayer ensure for a hassle free compliance under GST?

Q 22. Is it compulsory for taxpayer to file return by himself?

Q 23. What is the consequence of not filing the return within the prescribed date?

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