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GSTR - 3B

The GST Council has relaxed filing rules for the first two months post implementation. GSTR 3B is a simpler return that businesses need to file in the first two months of GST (July and August, 2017) instead of the normal returns – GSTR 1, 2 and 3.GSTR 3B is a consolidated return which is required to be filed on self-declaration basis for first 2 months i.e. July and August by 20th August and 20th September respectively.

TIME LIMIT FOR FILING OF REGULAR GST RETURNS

Return Form

Return Type

Due date for filing return

GSTR - 01

Details of outward supplies of goods / services

On or before 10th of next month

GSTR - 02

Details of inward supplies of goods / services

After 10th but on or before 15th of next month

GSTR - 03

Monthly return

On or before 20th of the next month

 

As per Rule 61(5) of CGST Rules, 2017, where the time limit for furnishing of details in FORM GSTR-1 under section 37 and in FORM GSTR-2 under section 38 has been extended and the circumstances so warrant, return in FORM GSTR-3B, in lieu of FORM GSTR-3, may be furnished in such manner and subject to such conditions as may be notified by the Commissioner.

Considering the above rule, GSTR 3B needs to be filed for the months of July and August.

PARTICULARS OF GSTR 3B – AT A GLANCE

Table No

                                                     Particulars

Table 1

GSTIN of registered person

Table 2

Legal name of the registered person

Table 3.1

Details of outward supplies and inward supplies liable to reverse charge

Table 3.2

Of the supplies shown in 3.1(a) above, details of inter-state supplies made to unregistered persons, composition taxable persons and UIN holders

Table 4

Eligible ITC – ITC available, ITC reversed, ineligible ITC

Table 5

Values of exempt, nil – rated and non-GST inward supplies

Table 6.1

Payment of tax

Table 6.2

TDS/TCS credit

 

WHO IS REQUIRED TO FILE GSTR-3B

Every registered person, other than

  1. Input Service Distributor (ISD)
  2. Non-resident taxable person
  3. Composition dealer
  4. Persons required to deduct tax at source u/s 51
  5. E-commerce operator liable to collect tax at source u/s 52
  6. Supplier of OIDAR services located in non-taxable territory supplying services to non – taxable online recipient.

have to file GSTR - 3B.

FORMAT OF GSTR -3B – TABLE 1 AND 2

  1. GSTIN – to be filled by the registered person
  2. Legal name of the registered person -  this will be auto-populated
  3. Year – 2017
  4. Month – July (07)

FORMAT OF GSTR -3B – TABLE 3.1 ( Details of outward supplies and inward supplies liable to reverse charge)

  1. Outward taxable supplies – both intra-state and inter –state supply – (both B2B and B2C supplies)
  2. Zero rated supplies – Exports and supplies to SEZ unit or developer
  3. Nil rated supplies – subject to NIL rate of tax
  4. Exempted supplies – Goods or services exempted from GST
  5. Inward supplies (liable to reverse charge) – inward supplies covered u/s 9(3) (specified supplies) and 9(4) (from unregistered suppliers)
  6. Non – GST outward supplies – which are outside the purview of GST.

FORMAT OF GSTR -3B – TABLE 3.2 (DETAILS OF INTER-STATE SUPPLIES  MADE TO UNREGISTERED PERSONS, COMPOSITION TAXABLE PERSONS AND UIN HOLDERS)

  1. Supplies made to Unregistered persons – Inter-state B2C supplies – SGST portion of IGST will go to the Consumption state.
  2. Supplies made to Composition taxable portions - Composition taxable portions cannot claim ITC on purchases made.
  3. Supplies made to UIN holders – Certain special entities like Consulate or Embassy of foreign countries.

FORMAT OF GSTR -3B – TABLE 4 – (INPUT TAX CREDIT)

Explanation of Terms of Table 4

  1. ITC on Import of goods – in case of import goods ITC will be available for IGST and compensation cess paid on imports, provided the goods  are used or intended to be used for the course or furtherance of business.
  2. ITC on Import of services – ITC will be available for IGST provided the services are used or intended to be used for the course or furtherance of business.
  3. Inward supplies liable to reverse charge - Mention the GST paid on inward supplies which are liable for a reverse charge such as purchase from unregistered suppliers etc.
  4. Inward Supplies from ISD: Input tax credit received from Input Service Distributor (ISD)
  5. All other ITC: Apart from above, ITC of other inward supplies has to be captured here.
  6. Details of Input Tax credit to be reversed: ITC will be reversed on the usage of inputs/input services/capital goods for non‐business purposes, or partly used for exempt supplies. Also, if the depreciation is claimed on tax component of capital goods, and plant & machinery, then the ITC will not be allowed.
  7. Net ITC available -  This is the difference between ITC Available and ITC Reversed.
  8. Details of Ineligible ITC: GST paid on inward supplies which is listed in the negative list under Sec 17(5), is not eligible for Input Tax Credit (ITC). The details of GST paid on such supplies are recorded in this table.

 

FORMAT OF GSTR -3B – TABLE 5(DETAILS OF EXEMPT, NIL‐RATED AND NON‐GST INWARD SUPPLIES)

The details of inward supplies (both inter-state and intra-state)from the composition dealer, inward supplies at nil rates and exempt inward supplies are required to be mentioned in the above table. Non‐GST inward supplies (alcoholic liquor for human consumption and 5 types of petroleum products) also need to be notified.

Only value needs to be shown as no taxes were charged on such supplies. No ITC can be claimed for all these inward supplies.

FORMAT OF GSTR -3B – TABLE 6.1 – (PAYMENT OF TAX)

  1. Payment of tax is determined as Outward Tax Liability (minus) Input Tax Credit.
  2. Tax payable is determined on the basis of outward supplies as mentioned in Table 3.1
  3. Paid through ITC - For payment of output tax liability, ITC can be used as determined under Table 4. ITC will be available for the tax paid under IGST, CGST, SGST and Compensation Cess.

i.  IGST credit can be sequentially used for payment of IGST, then CGST and then SGST,UTGST.

ii. CGST credit can be used sequentially for payment of CGST and then payment of IGST.

iii. SGST credit can be used sequentially for payment of SGST and then payment of IGST

iv. UTGST credit can be used sequentially for payment of UTGST and then payment of IGST.

v. CGST, SGST and UTGST credit should not be cross utilized.

vi. SGST/UTGST credit cannot be utilized for payment of interest, penalty and fees.

  1. Any output tax liability, still payable after adjusting ITC, will be paid by cash.
  2. Interest is chargeable on late payment of tax @ 18%.
  3. Late fees is also chargeable on late filing of GSTR – 3B @ Rs.100- per day subject to maximum of Rs.5000/-

  FORMAT OF GSTR -3B – TABLE 6.2(TDS/TCS CREDIT)


Mention the details of TDS (Tax withheld by the Government establishment) and TCS (Tax withheld by E‐commerce operator). However, these provisions were not there from the initial rollout of GST. (Accordingly, TDS and TCS is not applicable roll it is notified further).

Taxable value = Value of invoices + value of Debit Notes – value of credit notes + value of advances received for which invoices have not been issued in the same month – value of advances adjusted against invoices.

MODE OF PAYMENT OF TAX

There are four modes of payment of GST:

  • Internet banking
  • Credit/debit card
  • NEFT/RTGS
  • OTC (Over the counter) by cash,cheque/DD (upto Rs.10000/- per challan per tax period). There is no restriction on the limit in case an OTC payment is made by Govt Departments, Proper officer or any officer authorized to recover outstanding dues and Proper officer or any officer authorized for the amounts collected.

For payment of tax, one has to log into GSTN portal and generate challan in Form GST PMT-06. The details relating to amount to be deposited for tax, interest, penalty, fee or any other amount should be filled in the challan. The challan generated will be valid for 15 days.

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