GST: CBIC notifies Form and manner of ascertaining details of Inward Supplies [Read Notification]

GST: CBIC notifies Form and manner of ascertaining details of Inward Supplies [Read Notification]

GST - CBIC - Form - ascertaining details - Inward Supplies - Taxscan

The Central Board of Indirect Taxes and Customs (CBIC) notified the Central Goods and Services Tax (Thirteenth Amendment) Rules, 2020 which seeks to amend the Central Goods and Services Tax Rules, 2017.

The notification seeks to prescribe the  Form and manner ascertaining details of inward supplies.

Firstly, the details of outward supplies furnished by the supplier in FORM GSTR-1 or using the IFF 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, as the case may be.

Secondly, the details of invoices furnished by an non-resident taxable person in his return in FORM GSTR-5 under rule 63 shall be made available to the recipient of credit in Part A of FORM GSTR 2A electronically through the common portal.

Thirdly, the details of invoices furnished by an Input Service Distributor in his return in FORM GSTR-6 under rule 65 shall be made available to the recipient of credit in Part B of FORM GSTR 2A electronically through the common portal.

Fourthly, the details of tax deducted at source furnished by the deductor under sub-section (3) of section 39 in FORM GSTR-7 shall be made available to the deductee in Part C of FORM GSTR-2A electronically through the common portal

Fifthly, the details of tax collected at source furnished by an e-commerce operator under section 52 in FORM GSTR-8 shall be made available to the concerned person in Part C of FORM GSTR 2A electronically through the common portal.

Sixthly, the details of the integrated tax paid on the import of goods or goods brought in the Domestic Tariff Area from Special Economic Zone unit or a Special Economic Zone developer on a bill of entry shall be made available in Part D of FORM GSTR-2A electronically through the common portal.

The notification said that an auto-drafted statement containing the details of input tax credit shall be made available to the registered person in FORM GSTR-2B, for every month, electronically through the common portal.

The Statement in FORM GSTR-2B for every month shall be made available to the registered person.

Firstly, for the first and second month of a quarter, a day after the due date of furnishing of details of outward supplies for the said month, in the IFF by a registered person required to furnish return for every quarter under proviso to sub-section (1) of section 39, or in FORM GSTR-1 by a registered person, other than those required to furnish return for every quarter under proviso to sub-section (1) of section 39, whichever is later.

Secondly, in the third month of the quarter, a day after the due date of furnishing details of outward supplies for the said month, in FORM GSTR-1 by a registered person required to furnish return for every quarter under proviso to sub-section (1) of section 39.

The notification will be enforced from 1st January, 2021.

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