Page 21 - GSTL_14th May 2020_Vol 36_Part 2

2020 ] GST RETURNS — VERSION 2.0 (INTRICACIES AND REPORTING CHANGES) J21
Changes that would require addition/deduction/edit of data required in
new GST returns would be only subject matter of disclosure of this article.

Head & Present requirement Revised requirement
Sub-head
ANX-1 No requirement of men- There is a requirement to mention wheth-
B2C, B2B, tioning whether supply er supply covered under Section 7 of IGST
DE, REV covered under Section 7 Act. For e.g. - Supplier in India, Recipient
of IGST Act. in India, Place of Supply outside India
such as GTA services by way of transpor-
tation of goods to Bangladesh, Nepal, etc.

Comment : Accounting softwares need to
bifurcate normal inter-State supplies into
Section 7 supplies and non-Section 7 sup-
plies - a task!
ANX-1 Invoice, debit note, Invoice, debit note, credit note to be dis-
B2B, EXP, credit note to be dis- closed in a single sheet along with doing
SEZ, DE closed in separate away with linkage of debit and credit
sheets with additional notes with original invoice.
effort of linking debit Comment : A much welcome change of
notes and credit notes delinking notes with invoice detail espe-
with original invoice. cially for sectors which had post sales
promotions and discounts passed through
notes.
ANX-1 As per Notification No. The New GST returns ask for a 8-digit
B2B, EXP, 12/2017-C.T., dated HSN code for goods and 6-digit SAC
SEZ, DE, 28-6-2017, every regis- codes for services in case of Outward and
REV tered person should Inward Supplies at invoice level. This is
mandatorily provide 4 optional for B2C transactions. Every HSN
digit HSN if its turnover code will be validated by GST portal at the
in previous financial time of uploading the invoice.
year exceeds 5 crore, 2 Comment : This requirement is against
digit HSN if turnover is mentioned notification requirement and
between 1.5 crore to 5 suitable clarification in this matter is ex-
crore and no HSN if pected.
turnover is less than 1.5
crore on the tax invoice
issued by him.

ANX-1 Intention for claim of SEZ supplies where it has been made with
SEZ, DE refund is not required. payment of tax, intention of claim of re-
fund is required as YES/NO. SEZ supplies
without payment of tax would automati-
cally fall in NO category.
Comment : It may be noted that intention
of refund of unutilized ITC does not form

GST LAW TIMES  14th May 2020  21