Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 27-9-2017 Last Replied Date:- 15-10-2017 – GST Returns to be filed at a glance Central Board of Excise and Customs (CBEC) vide Notification No. 18/2017, 19/2017, 20/2017 & 21/2017- Central Tax dated 08.08.2017 has relaxed / extended the due dates and time frame for filing GST returns for the initial two months of GST regime i.e., July, 2017 & August 2017. As a result, the GST payable will be required to be paid on the basis of Form GSTR-3B to be filed by the 20th of the succeeding month. Form GSTR-3B for July, 2017 was to be filed by 20.08.2017 and for August, 2017 by 20.09.2017. However, the invoice wise details to be furnished as per GST rules in GSTR-1, GSTR-2 and GSTR-3 shall be filed later as per following schedule (as on 25.09.2017): Return Form Period / Due Date for July 2017 return GSTR-1 (with turnover > INR 100 crore) Upto 03.10.2017 GSTR-1 (other than above) Upto 10.10.2017 GSTR-2 Upto 31.10.2017 G
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oice level information in this form. Only total values for each field have to be provided, this value must be for the month for which you are filing. The last date to file GSTR-3B and payment of taxes is 20th day of the following months. However, GSTR-3B can be submitted only after making payment of GST due. However, GST Council in its 21st meeting held on 09.09.2017 has decided for filing of Form GSTR-3B till December, 2017, i.e. for 6 months vide Notification No. 35/2017-Central Tax dated 15.09.2017. Who has to filed GSTR – 3B Form GSTR-3B has to be file mandatorily by all normal registered tax payers. Even in case of no business, 'Nil' returns are to be filed. Form GSTR-3B is not required to be filed by Input Service Distributor (ISD), non-resident person, tax collector at source (for TCS), tax deductor at source (for TDS) and dealers under composition scheme. Details to be provided in GSTR-3B Basic information. Summary of outward supplies and inward supplies liable to rever
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bmit GSTR-3B button, system will post (debit) the self-assessed liabilities including system generated late fee in Liability Register and credit the claimed ITC into ITC ledger. After this, the Payment of Tax tile will be enabled, click it and declare the payment details to pay the taxes and offset the liability. Click CHECK BALANCE button to view the balance available for credit under Integrated Tax, Central Tax, State Tax and Cess. (This includes transitional credit also, if TRAN-1 and 2 are submitted). This will enable to check the balance before making the payment for the respective minor heads. The balance is also displayed when the mouse is hovered on the applicable data entry field in payment section. The section that specifies set-off of liabilities using a combination of cash and ITC has to be filled. System checks there is sufficient Cash/ITC balance. It also checks if the reverse charge liabilities are set-off only through CASH. System also checks if all liabilities are set-
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