How to File GSTR - 3B in July and August 2017

Indian Govt. has given relax to file only GSTR - 3B in july and august 2017 for payment of GST liability. From Sept. 2017, legal person has to fill GSTR -1, GSTR - 2.  If you have to pay less GST under filling of GSTR - 3B, you have to pay 18% interest on less amount. For example, your GST liability is Rs. 2000 and you have to pay only Rs. 1000. So, you have paid Rs. 1000 less, so, you have to pay Rs. 180  per year on this less amount upto date of paying same amount in next return. So, you have to be sencire about paying GST in july and Aug. 2017.

Benefit of GSTR- 3B

You do not provide invoice level information in it.

Main Dates of Filing GSTR - 3B

1. If there is no Transitional Input Credit, then last date of filing of GSTR - 3B is 20th Aug. 2017 for July GST Tax liability.
2.  If there is Transitional Input credit which you want to adjust from  Your july GST tax liability, last date of filing GSTR - 3B is 28th Aug. 2017. But must file TRAN-1 from 21st Aug. 2017.
3.  For Paying Aug. GST Tax Liability, you have to fill GSTR- 3B upto 20th Aug. 2017.

Who can File GSTR -3B?

It is must for all assesses.

What is Transitional Input Credit?

If you have paid more VAT, of Central Excise duty or Service tax than actual VAT liability, central excise duty or service tax before July 2017, it can be adjusted with your July GST Tax liability by mentioning in Aug. 2017 GSTR-3B return file. From tomorrow, you must file TRAN -1 Form in GST Portal. 

Fill the Form or Submit GSTR - 3B form in GST Portal

( A) Detail of Supplies of Registered persons 

After login your GSTR portel through your GSTIN, you have to fill the form or submit GSTR-3B Form.

In this, you must fill following information.

(A). Tell total taxable Value of outward taxable supplies or sales. Tell also its IGST, CGST and SGST and Cess value if any.

Calculation of Value of Taxable Supplies = Total value of sales invoices + Debit Notes Value - {( Credit Notes Value + Advance received  for sales but not send sales invoice - Value adjusted of advance against sales invoices)} 

(b) and (C). Tell the taxable value of outward taxable supplies at zero rated/ nil rated or exempted.

(d). Inward supplies or purchases' Taxable value, its IGST, CGST and SGST paid through 

(e) Taxable value of non-gst outward supplies. 

Format 

( B) Detail of Inter-State Supplies of Un-Registered persons 

You have to fill the detail of total supplies to unregistered persons ,composition dealers and  those who hold a UIN through following format

(C) Detail of Input Credit 

You have to fill the detail of your input credit. Same amount, you are interested to adjust from your GST tax liability. It includes, Input tax credit of IGST Paid on import of goods and services. Inward supplies liable to reverse charges.  Inward supplies from ISD and its input credit.

(D) Detail of Exempt, Nil Rated and Non GST Inward supplies

In this form, you have to show all inward supplies from dealer at nil rated and exempt and it must be show separately to non-GST inward supplies of registered persons.

( E)  Payment of GST

 You have to fill the detail of payment of IGST, CGST and SGST on the basis of your GST tax liability at legal rates.

 (F) GST TDS / TCS Credit 

In this, you have to mention,

Total TDS and TCS which is taken by eCommerce operator and other Govt. Establishment.

Now, it is not applicable.