Posted on by

 

GST Return Filing (3B, GSTR-1, GSTR-2, GSTR-3, TRAN-1, TRAN-2)

The GST Council in its 23rd meeting came up with a range of new decisions which will lead to easing tax rates, compliance issues and further simplifying return filing process

All taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018. GSTR – 1 of August, September and October is to be Filled before 31st December 2017
Princeton Academy announces a 1 day practical workshop for error free return filing
Key Focus Area:
  1. Issues related to Return Filing (3B Filing, GSTR 1, GSTR2, GSTR3, TRAN – 1)
  2. Procedural Compliance issues
  3. Issues relating to Transitional Provisions
  4. Tax Administration related issues
  5. 23rd GST Council Meet Changes
Course Outline:
Monthly Return 3B Filing:
  • Tax on outward and reverse charge inward supplies
    • Outward taxable supplies (other than zero rated, nil rated and exempted)
    • Outward taxable supplies (zero rated )
    • Other outward supplies (Nil rated, exempted)
    • Non-GST outward supplies
  • Inter-state supplies made to
    • Unregistered Persons
    • Composition Taxable Persons
    • UIN holders
  • Calculate Eligible Input Tax Credit on  
    • Import of goods
    • Import of services
    • Inward supplies liable to reverse charge (other than 1 & 2 above)
    • Inward supplies from ISD
    • All other ITC
ITC Reversed
  • As per Rule 42 & 43 of CGST/SGST rules
  • Others
Ineligible ITC
  • As per section 17(5)
  • Others
  • How to Set Off Liabilities
  • Interest & Late Fees
  • Exempt, NIL and Non-GST inward supplies
GSTR – 1 Filing:
  • B2B Invoices (Registered)
    • Enter invoices for
      • Deemed Exports
      • SEZ Supplies with Payment
      • SEZ Supplies without payment
  • B2C (Large) Invoices (Unregistered)
  • B2C (Others)
  • Credit / Debit Notes (Registered)
  • Credit / Debit Notes (Unregistered)
  • Exports Invoices
  • Nil Rated Supplies
    • Inter-state supplies to registered person
    • Inter-state supplies to unregistered person
    • Intra-state supplies to registered person
    • Intra-state supplies to unregistered person
  • Tax Liability (Advances Received)
  • Adjustment of Advances
  • HSN-wise summary of outward supplies
  • Documents issued during the tax period
GSTR – 2 Filing:
Auto Drafted GSTR 2A
  • B2B Invoices
  • Credit/Debit Notes
  • Amendments to B2B INVOICES
  • Amendments to Credit/Debit Notes
  • Input Service Distributor Credits
    • ISD Credits
  • TDS Credits
    • TDS Credits
  • TCS Credits
    • TCS Credits
GSTR-2 – Invoice Details
  • 3,4A – Inward supplies received from Registered person including reverse charge supplies
  • 5 – Import of Inputs/Capital goods and Supplies received from SEZ
  • 4C – Import of service
  • 6C – Debit/Credit Notes for supplies from registered person
  • 4B – Inward supplies from an unregistered supplier
  • 6C – Debit Notes/Credit Notes for Unregistered Supplier
GSTR-2 – Other Details
  • 7 – Supplies from composition taxable person and other exempt/nil rated/non GST supplies
  • 10(I) – 10A – Advance amount paid for reverse charge supplies
  • 10(I) – 10B – Adjustment of advance amount paid earlier for reverse charge supplies
  • 13 – HSN summary of inward supplies
  • 11 – Input Tax Credit Reversal/Reclaim
  • 8 – ISD Credit received
TRAN – 1
  • How to claim ITC on old stock? Which Form to choose?
  • How to fill Form Tran 1?
  • How to file Tran 1
  • What are the Rules and conditions for Tran 1?
  • TRAN-1 One Time Revision before 31st December 2017

Timings: 9:30 am – 5:00 pm , Registration begins at 9:00 am

 How to Register:

  • Fees: Rs. 7,900/- +18% GST per person.
  • Please write to register@princetonacademy.co.in/ Call -022 67256200
  • Provide Below Details for Registration :
  • Name of the participants:
  • Company Name and address:
  • Contact details of Participants (Email ID & Number):
  • Cheque favoring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
  • Fees includes lunch, tea, course material etc.

 

Bharat Petroleum “Good Practical Exposure towards filing of GST returns”

Mr. Deepak Lohiya- Asst Manager Taxation–Bharat Petroleum Corporation Ltd.
Manish Renisn “Lot of queries were solved.”

Ms. Pooja Doshi–Director–Manish Resins and Polymers Ltd.
Thirdware Solutions “Insights into Filing of GSTR returns, Statutory compliance procedure

and Clarifications on doubtful problems.”

Mr. Hemant More–Finance Manager- Thirdware Solutions ltd.
“Practical difficulties discussed and solution suggested.”

Ms Susmita Darde- Dy Secretary– LIC of India
“Idea of Filing returns and concept got cleared”

Ms. Shashikala Vishwakarma–DM Finance and AccountsNational Payments Corporation of India