GST Jamku AIFurnishing details of outward supplies
Section 37(1)
Every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of section 10 or section 51 or section 52, shall furnish, electronically, [subject to such conditions and restrictions and] in such form and manner as may be prescribed, the details of outward supplies of goods or services or both effected during a tax period on or before the tenth day of the month succeeding the said tax period and such details [shall, subject to such conditions and restrictions, within such time and in such manner as may be prescribed, be communicated to the recipient of the said supplies]:
[Provided that] the Commissioner may, for reasons to be recorded in writing, by notification, extend the time limit for furnishing such details for such class of taxable persons as may be specified therein:
[Provided further that] any extension of time limit notified by the Commissioner of State tax or Commissioner of Union territory tax shall be deemed to be notified by the Commissioner.
Every person who is registered, with the exception of certain categories like Input Service Distributors, non-resident taxable persons, and those paying tax under specific sections, is required to provide details of their outward supplies of goods or services. This information should be submitted electronically in a prescribed form and manner.
Timeframe for Submission: The details of these supplies must be furnished on or before the tenth day of the month following the relevant tax period. Additionally, the registered person needs to communicate these details to the recipient of the supplies within a specified time and in a prescribed manner.
Extension of Time Limit: In certain cases, the Commissioner has the authority to extend the time limit for furnishing these details. This extension will be granted based on specific reasons recorded in writing. The Commissioner can notify such extensions through an official notification.
State Tax or Union Territory Tax Commissioner's Notification: It's important to note that any extension of the time limit by the Commissioner of State tax or Commissioner of Union territory tax will be considered as if it has been notified by the Commissioner. This ensures consistency and clarity in the application of time limits for different classes of taxable persons.
Section 37(2)
Section 37(3)
Any registered person, who has furnished the details under sub-section (1) for any tax period , shall, upon discovery of any error or omission therein, rectify such error or omission in such manner as may be prescribed, and shall pay the tax and interest, if any, in case there is a short payment of tax on account of such error or omission, in the return to be furnished for such tax period:
Provided that no rectification of error or omission in respect of the details furnished under sub-section (1) shall be allowed after [the thirtieth day of November] following the end of the financial year to which such details pertain, or furnishing of the relevant annual return, whichever is earlier:
Provided further that the rectification of error or omission in respect of the details furnished under sub-section (1) shall be allowed after furnishing of the return under section 39 for the month of September, 2018 till the due date for furnishing the details under sub-section (1) for the month of March, 2019 or for the quarter January, 2019 to March, 2019.
If you're a registered taxpayer who has provided information for a specific tax period, it's important to correct any mistakes or omissions you discover. This process is crucial for maintaining accurate records and ensuring compliance with tax regulations.
Rectification Procedure: Upon identifying any errors or omissions in the details submitted under sub-section (1), follow the prescribed method for rectification. This involves correcting the mistake and paying any additional tax and interest if there was a shortfall in the initial tax payment. Make sure to address these issues in the return intended for the relevant tax period.
Time Limit for Rectification: It's essential to note that rectification of errors or omissions in the details provided under sub-section (1) is subject to a time limit. No rectification is allowed after [the thirtieth day of November] following the end of the financial year to which the details pertain. Alternatively, rectification cannot be made after filing the relevant annual return, whichever comes earlier.
Extended Time Period: However, there's an exception for rectifying errors or omissions in the details provided under sub-section (1). The rectification is allowed after submitting the return under section 39 for the month of September 2018, up to the due date for submitting the details under sub-section (1) for the month of March 2019 or for the quarter spanning January 2019 to March 2019.
Conclusion: In conclusion, rectifying errors in your tax details is a crucial step in maintaining accurate records and complying with tax regulations. Be mindful of the specified time limits to ensure that your rectifications are made within the permissible period.
Section 37(4)
A registered person shall not be allowed to furnish the details of outward supplies under sub-section (1) for a tax period, if the details of outward supplies for any of the previous tax periods has not been furnished by him:
Provided that the Government may, on the recommendations of the Council, by notification, subject to such conditions and restrictions as may be specified therein, allow a registered person or a class of registered persons to furnish the details of outward supplies under sub-section (1), even if he has not furnished the details of outward supplies for one or more previous tax periods.
When a person is registered for tax purposes, there are rules about reporting the details of outward supplies. This means sharing information about goods or services sold. However, there is an important condition to keep in mind.
Condition for Reporting: If a registered person hasn't shared details of their outward supplies for a specific tax period, they cannot provide details for the current period. In simpler terms, you have to report consistently, and you can't skip reporting for any previous periods.
Exception to the Rule: There is a provision for exceptions. The government, based on the recommendations of the Council, can make special allowances. Through an official notification, they may permit a registered person or a specific group of registered persons to report their outward supplies for the current period, even if they missed reporting for one or more earlier periods.
Conditions for Exceptions: However, these exceptions come with conditions and restrictions. The government will outline specific terms that must be followed for a registered person to be allowed to report their current outward supplies without having reported for previous periods.
Conclusion: In summary, while there is a general rule about reporting consistency, there are also provisions for exceptions. These exceptions are granted based on certain conditions, ensuring a balance between following the rules and accommodating special circumstances.
Section 37(5)
A registered person shall not be allowed to furnish the details of outward supplies under sub-section (1) for a tax period after the expiry of a period of three years from the due date of furnishing the said details:
Provided that the Government may, on the recommendations of the Council, by notification, subject to such conditions and restrictions as may be specified therein, allow a registered person or a class of registered persons to furnish the details of outward supplies for a tax period under sub-section (1), even after the expiry of the said period of three years from the due date of furnishing the said details.
Explanation: For the purposes of this Chapter, the expression "details of outward supplies" shall include details of invoices, debit notes, credit notes and revised invoices issued in relation to outward supplies made during any tax period.
In simple terms, if you're a registered person for taxes, there's a rule about when you can share details of the things you sold. You can't do it more than three years after the deadline for sharing this info has passed.
Special Permission
However, the government can allow some people or groups to share this sales information even after the three-year limit. They'll do this based on recommendations from the Council. Of course, there will be some conditions and rules to follow if you get this special permission.
What "Details of Outward Supplies" Means
When we talk about "details of outward supplies," we mean all the information about what you sold. This includes things like invoices, debit notes, credit notes, and any changes you made to invoices for things you sold in a specific tax period.