TMI BlogSubmission of GSTR-3BX X X X Extracts X X X X X X X X Extracts X X X X ..... Under GST regime we have to submit summarize details in GSTR 3B on or before 20th August 2017 for the month of July-17. As per GST Network they are showing our first return is due on 05/09/17. Whether we have to file GSTR 3B or not. If yes Whether there is any format available. - Reply By Vamsi Krishna - The Reply = With the objective of ensuring smooth rollout of GST and taking into ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the tax would be payable based on a simple return (Form GSTR-3B ) containing summary of outward and inward supplies which will be submitted before 20 th of the succeeding month. However, the invoice-wise details in regu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lar GSTR 1 would have to be filed for the month of July and August, 2017 as per the timelines given below Month GSTR 3B GSTR - 1 GSTR 2 (auto populated from GSTR-1 ) July, 2017 20 th August 1 st 5 th September* 6 th 10 th Septembe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r August, 2017 20 th September 16 th 20 th September 21 st 25 th September - Reply By KIRTIKUMAR PUROHIT - The Reply = GSTR-3B return is due on the 20th of August and 20th of September 2017. From October 2017, the taxpayers would be required to file GSTR-1 , GSTR-2 and GSTR-3 , as per normal schedule. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Hence, GSTR-3B is a temporary return that must be filed monthly until October, 2017. The Government has mentioned that during the GST transition period, leniency would be shown to taxpayers to familiarize themselves with the GST provisions. Hence, no penalty has so far been announced for not filing GSTR-3B return. However, it is expected that taxpayers who fail to file GSTR-3B returns wou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld be ineligible to being filing GSTR-1 , GSTR-2 and GSTR-3 returns from the month of October. Failure to file GSRT-1 , GSTR-2 and GSTR-3 returns will attract penalty of ₹ 100 per day. - Submission of GSTR-3B - Query Started By: - SURYAKANT MITHBAVKAR Dated:- 7-8-2017 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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