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All about GSTR-3B

Goods and Services Tax - GST - By: - VINOD CHAURASIA - Dated:- 18-8-2017 Last Replied Date:- 20-8-2017 - Introduction: This article discusses in detail about GSTR- 3B, its related aspects & its filling process. For months of July and August GSTR1 and GSTR2 are not to be filed and thus GSTR3 will not be formed because it is the auto-populated form and thus GSTR-3B comes into scenario. So, GSTR-3B has to be filed in lieu of GSTR3 for the months of July and August as below: For the month of Jul .....

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are required to file quarterly returns therefore dealers who have opted for composition scheme are not required to file GSTR-3B GSTR-3B is not the final return for the month of July 2017 this is only a provisional return. GSTR-1, GSTR-2, GSTR-3 for July 2017 are still required to be filed. GSTR-3B cannot be revised. Any revision in the figures for July 2017 has to be done through GSTR-1, 2 and 3 to be filed later on. Any taxes due for July 2017 have to be paid before filing GSTR-3B. If there is .....

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at the transitional credits available from the previous VAT/Service Tax/Excise regimes will not be available for credit and use in GSTR-3B. Any such credits have to be shown by filing form TRAN-1 and will be available for use only after filing TRAN-1. GSTR-3B is to be filed from the period from which the registration is taken by the supplier. Therefore, if you have taken registration in the month of August 2017 the option for filing GSTR-3B for July 2017 will not be available and the no GSTR-3B .....

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gible bifurcated into IGST, CGST & SGST/UTSGT and Cess 6. Summary of Exempted, Nil rated and Non GST inward supplies 7. Interest and late fees payable 8. Details of payment of tax, which includes Category wise tax payable, ITC availed , TDS credit and Tax paid in cash along with interest and late fees (Though it is not applicable for initial 2 return) 9. Summary of tax category wise TDS/TCS credit (These provisions are not applicable as of now). Remember the order for set-off eligible ITC. I .....

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ctronic verification code except for Companies where it has to be filed by digital signatures. GSTR-3B is a simplified return where only total figures of purchases, sales input tax credits and payments are to be entered. Individual entries for each sale invoice are not to be entered in this return. Data in GSTR-3B has to be provided in a consolidated manner i.e. the consolidated amount in respect of information asked has to be furnished. So, taxpayer will be required to consolidate their sales a .....

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t amount i.e. 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. So, suppose if any invoice is issued and further in respect of that invoice other documents like credit note, debit note etc. are issued then the impact of those further issued documents has to be adjusted against the amount of invoice and net amount has to b .....

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d 4 respectively by clicking on the tiles and furnishing the required information. Transitional ITC cannot be claimed in GSTR 3B. It can be claimed only through TRANS 1 and TRANS 2. Enter details of interest, if payable, in Section 5.1. Late fee will be computed by the system Click on Save GSTR-3B button. After you save the data, Submit button will get enabled. Please note that after submit, no modification is possible. Hence ensure that details are filled correctly before clicking on Submit but .....

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lso, if TRAN-1 and 2 are submitted). This will enable you 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. Please fill out the section that specifies how you wants to set-off your liabilities using a combination of Cash and ITC. System checks if you have sufficient Cash/ITC balance. It also checks if the Reverse charge liabilities are set-off only through C .....

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