Page 22 - GSTL_14th May 2020_Vol 36_Part 2

J22 GST LAW TIMES [ Vol. 36
part of this requirement and is limited to
refund of tax on payment only.
ANX-1 DE Option of providing The option to provide details of corre-
debit and credit notes is sponding debit and credit notes is availa-
not present. ble.
ANX-1 RCM liability on inward RCM liability on each inward supply is an
REV supply from unregis- additional requirement of this return
tered person is not re- along with PAN detail of each such unreg-
quired to be disclosed. istered supplier.
Comment : This is an additional burden
on taxpayer for gathering pool of data
from unorganized suppliers.
ANX-1 Quantification of RCM Quantification of each RCM liability on
REV liability on inward sup- inward supply from unregistered person -
ply from unregistered ‘PLACE OF SUPPLY’ wise is mandated.
person itself is not Comment : This is an additional burden
required. on taxpayer for gathering pool of data
from unorganized suppliers.
ANX-1 Quantification of RCM Classification of each RCM liability on
REV liability on inward sup- inward supply from unregistered person -
ply from unregistered ‘HSN’ wise is mandated.
person itself is not Comment : Generally SMEs does not
required. equip accounting softwares which fetch
inward supplies HSN wise (which was the
major reason of parting away with the
requirement of providing the same in an-
nual return).
ANX-1 Import of services is Import of services is also a new entrant to
IMPS never a part of GSTR-1. outward supply return. Place of supply is
demanded but that would be constant for
a particular registered taxpayer as state-
wise registration is a mandate.
Comment : Dump of expenses and pur-
chases would be equally relevant while
filing ANX 1.
ANX-1 Import of goods is again Import of goods (excluding SEZ imports)
IMPG not a part of GSTR-1. needs to be reflected with place of supply
as well which would be again a common
reply as discussed in above point.

Comment : This would be more relevant
for Revenue as checkpoints for audit pur-
poses. Accounting softwares need to addi-
tionally fetch Port code, BoE number, BoE

GST LAW TIMES  14th May 2020  22