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Decoding Form GSTR-3B vis-à-vis legal provisions

Goods and Services Tax - GST - By: - Anuj Bansal - Dated:- 18-7-2017 Last Replied Date:- 23-7-2017 - As per the decision taken in 17th meeting of GST Council on 18th June, 2017, a summary return i.e. GSTR-3B is required to be filed for the month of July and August, 2017 in lieu of GSTR-3. According to the government this is a relaxation in filing GST returns for the first two month. However, there is a slight twist in the tale, GSTR 3B is not the only return to be filed for the month of July and .....

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gust, 2017 After reviewing the above table, though month of August will be a relaxing month as we can see there is only one return to be filed but one has to be on toes in the month of September, 2017, since back to back returns /inward supplies statement / outward supplies statements have to be filed for both July, 2017 and August, 2017 for respective states.However, once taxpayer files GSTR-1 in the month of September, GSTR-2 & GSTR-3 will be auto generated from GSTR-1.Then, GSTR-3 will be .....

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s per present legal position. What is GSTR- 3B? Rule 61(5) of CGST Rules, 2017 states 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. Let s scrutinize details to be furnished in GSTR-3B 1. Basic Information:- Analysis:- No need to .....

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lks about furnishing details of Non-GST outward supplies. Does this mean, here taxpayer has to furnish details of sale of alcohol, petrol, diesel, etc which are out of the purview of GST law.Clarification of the same is required from the government. Further, Value of Taxable Supplies = 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. Details of adv .....

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posite taxable persons and UIN holders separately? If the motive here is to capture the Place of Supply in case of inter-state supplies, then what about the details of B2B inter-state outward supplies? Secondly, how it is possible to capture the supplies made to composition taxable persons. At the time making outward supplies do we need to record the details of supplies made to composition dealers separately? Thirdly, for the details of outward supplies made to UIN holders, one need to capture s .....

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