ALL ABOUT INTERIM GST RETURN-3B
By: – Dr. Sanjiv Agarwal
Goods and Services Tax – GST
Dated:- 27-9-2017<\/p>\n
GST Returns to be filed at a glance
\nCentral 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):
\nReturn Form
\nPeriod \/ Due Date for July 2017 return
\nGSTR-1 (with turnover > INR 100 crore)
\nUpto 03.10.2017
\nGSTR-1 (other than above)
\nUpto 10.10.2017
\nGSTR-2
\nUpto 31.<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n GSTIN number. No need to provide invoice 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ce ensure that details are filled correctly before clicking on Submit button. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n he Form = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" ALL ABOUT INTERIM GST RETURN-3BBy: – Dr. Sanjiv Agarwal Goods and Services Tax – GSTDated:- 27-9-2017 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 … Continue reading “ALL ABOUT INTERIM GST RETURN-3B”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7983","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7983"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7983\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nHowever, 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.
\nWho has to filed GSTR – 3B
\nForm 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.
\nForm 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.
\nDetails to be provided in GSTR-3B
\n * Basic information.
\n * Summary of o<\/p>\n
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\n * On clicking Submit 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.
\n * 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.
\n * 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.
\n * The section that specifies set-off of liabilities using a combination of cash and ITC has to be filled.
\n * System checks there is sufficient Cash\/ITC balance.
\n * It also ch<\/p>\n
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\n * Click on File GSTR-3B button with DSC or EVC
\n * Message for successful filing will appear and Acknowledgement will get generated
\nConsequences of Non-filing
\nNo late fees and \/ or penalty may be levied for the interim period as clarified by CBEC it its Press release dated 18.07.2017. The same was also notified vide Notification No. 28\/2017-Central Tax dated 01.09.2017.
\nThus, Form GSTR-3B is a temporary return required to be filed till December, 2017 on a monthly basis. This is only a summary return enabling the GSTN to capture basic details to support payment. There is no provision for revising GSTR-3B and as such, it should be carefully filled and filed normal returns in any case will be required to be filed as per law.
\n Reply By Samuel Ponraj as =
\nSir, i was trying to make a return for my dads business in gst3b for the month of august. But after submitting the data, i came to know that late fee is 5000.
\nWhat should i do now
\n Dated: 15-10-2017
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