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Processing Of GST Returns By the GST Portal

After the GST Return has been uploaded onto the GST Common Portal, the Portal will undertake the following activities:

(i)         Acknowledge the receipt of the return filed by the taxpayer after conducting required validations.

(ii)        Acknowledgement number would be issued as per procedure detailed above.

(iii)      Once a return is acknowledged, forward that GST Return to tax authorities of Central and appropriate State Govt. through the established IT interface.

(iv)       The ITC claim will be confirmed to purchasing taxpayer in case of matched invoices after 20th of the month succeeding the month of the tax period month provided counterparty supplying taxpayer has submitted the valid return (and paid self-assessed tax as per return).

(v)        Communicate to the taxpayers through SMS/e-Mail, about the macro-results of the matching. The details will be in the taxpayers’ dashboard/ledger which can be viewed after log-in at the Portal.

(vi)       Auto-populate the ITC reversals due to mismatching of invoices in the taxpayer’s account in the return for the 2nd month after filing of return for a particular month.

(vii)      Aggregation of cross-credit utilization of IGST and SGST for each State and generation of settlement instructions based on IGST model and as finalized by the Payments Committee. This has to be with dealer-wise details as the concerned tax administration’s follow on activities wifi be dependent on that detailing.

GST return and the associated statements will have a large amount of information for post return tax analysis. The return will throw out various exceptions that require closer scrutiny. Since all statements of outward supplies of medium and large suppliers are HSN/SAC based, there shall be ample scope for commodity analysis in addition to rudimentary input-output analysis. In addition, annual returns will have detailed commodity level information including quantity details. Commodity based trends in tax collection will be available for all sectors from all parts of the country.

GST, being a destination-based consumption tax, would give an ample scope of correlating tax collection data with other macro-economic parameters and various micro parameters. Being fully computerized system with uniform PAN based system structure across the country, it will allow robust interface with other tax systems like that of CBDT and CBEC.

Using data analysis techniques, it is expected that the tax departments will select targeted suppliers and take up their cases for detailed scrutiny and determination of taxes short paid or not paid, if any. This would ensure that even in the process relating to scrutiny, audit and assessment, any manual intervention will be limited to selected suppliers identified on the basis of detailed statistical analysis.

Related Topics ....
Who Needs To File GST Return ?
Types And Periodicity Of GST Return For Different Categories Of Taxpayers
Outward Supply Statement (GSTR 1/GSTR 1A) [Section 37 of CGST Act]
Inward Supply Statement (GSTR-2A/GSTR-2) [Section 38 of CGST/ UTGST]
Furnishing of Return (GSTR-3) [Section 39 of CGST Act]
Information in the Monthly GSTR-3 Return Form
Quarterly GST Return For Taxpayers Under Composition Scheme-GSTR 4
Non-Resident Foreign Taxpayers (GSTR-5) under GST Act. 2017
Input Service Distributor (ISD) Return (GSTR 6) under GST Act. 2017
Tax Deduction at Source (TDS) - GSTR-7 under Section 51 of CGST Act
Tax Collection at Source (TCS) GSTR-8 under Section 52 of CGST Act
Mismatch, Reversal And Re-Claim Of ITC And Reduction In Claim Of Output Tax Liability [ Secs. 42 And 43 Of CGST/UTGST]
Discrepancy In The Claim Of Input Tax Credit in Form GST MIS-1 and GST MIS-2
Discrepancy In The Claim Of Reduction In Output Tax Liability in Form GST MIS-3
General Note On Contents Of GSTR-1 , GSTR-2 and GSTR-3
Annual Return in FORM GSTR-9 And Audit Report in FORM GSTR-9B [Section 44 Of CGST/UTGST]
Levy Of Late Fee under GST [Section 46 OF CGST/UTGST]
INVALID RETURN in case GSTR-3 is Filed without Payment under GST Portal
IT Enablement For Filing Of GST Returns
Payment Of Taxes And Submission Of GST Return
Eligibility Conditions, Duties And The Obligations Of Goods Services Tax (GST) Practitioners
Rectification Of GST Return
Processing Of GST Returns By the GST Portal

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