Sunday, 8 January 2017

Section-34. Returns

                  Section-34.                                                  Returns


(1) Every registered taxable person, other than an input service distributor or a nonresident taxable person or a person paying tax under the provisions of section 9,
section 46 or section 56 shall, for every calendar month or part thereof, furnish,
in such form and in such manner as may be prescribed, a return, electronically,
of inward and outward supplies of goods and/or services, input tax credit availed,
tax payable, tax paid and other particulars as may be prescribed on or before the
twentieth day of the month succeeding such calendar month or part thereof.

(2) A registered taxable person paying tax under the provisions of section 9 shall, for
each quarter or part thereof, furnish, in such form and in such manner as may be
prescribed, a return, electronically, of inward supplies of goods or services, tax
payable and tax paid within eighteen days after the end of such quarter.

(3) Every registered taxable person required to deduct tax at source under the
provisions of section 46 shall furnish, in such form and in such manner as may be
prescribed, a return, electronically, for the month in which such deductions have
been made along with the payment of tax so deducted within ten days after the
end of such month.

(4) Every taxable person registered as an Input Service Distributor shall, for every
calendar month or part thereof, furnish, in such form and in such manner as may
be prescribed, a return, electronically, within thirteen days after the end of such
month.

(5) Every registered non-resident taxable person shall, for every calendar month or
part thereof, furnish, in such form and in such manner as may be prescribed, a
return, electronically, within twenty days after the end of a calendar month or
within seven days after the last day of the validity period of registration,
whichever is earlier.

(6) The Commissioner of [CGST/SGST] may, for valid and sufficient reasons, by
notification, for such class of taxable persons as may be specified therein, extend
the time limit for furnishing the returns under sub-section (1), (2), (3), (4) or, as
the case may be, under sub-section (5):

PROVIDED that any extension of time limit approved by the Commissioner of [CGST
/ SGST] shall be deemed to be approved by the Commissioner of [SGST/ CGST].

(7) Every registered taxable person, who is required to furnish a return under subsection
(1), (2), (3) or, as the case may be, under sub-section (5) shall pay to
the account of the appropriate Government the tax due as per such return not
later than the last date on which he is required to furnish such return.

(8) Every registered taxable person who is required to furnish a return under subsection (1), or as the case may be, under sub-section (2), shall furnish a return
for every tax period whether or not any supplies of goods or services have been
effected during such tax period.

(9) Subject to the provisions of sections 32 and 33, if any taxable person after
furnishing a return under sub-section (1), (2) or, as the case may be, under subsection (4) discovers any omission or incorrect particulars therein, other than as
a result of scrutiny, audit, inspection or enforcement activity by the tax
authorities, he shall rectify such omission or incorrect particulars in the return to
be furnished for the month or quarter, as the case may be, during which such
omission or incorrect particulars are noticed, subject to payment of interest,
where applicable and as specified in the Act:

PROVIDED that no such rectification of any omission or incorrect particulars shall be
allowed after the due date for furnishing of return for the month of September or
second quarter, as the case may be, following the end of the financial year, or the
actual date of furnishing of relevant annual return, whichever is earlier.

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