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TMI BlogFiling of Returns under GST- regardingX X X X Extracts X X X X X X X X Extracts X X X X ..... January 2018 February 2018 March 2018 April 2018 May 2018 Return Filing Dates 10 20 10 15 20 10 20 10 20 30 10 Up to 1. 5 Crore GSTR - 3B Dec 3B Jan 3B Feb 3B Mar 3B Apr 3B GSTR -1 Jul - Sep 2017 Oct - Dec 2017 Jan- Mar 2017 Greater than 1. 5 Crore GSTR - 3B Dec 3B Jan 3B Feb 3B Mar 3B Apr 3B GSTR -1 July to Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018 1.2 It may be noted that all registered persons are required to file their FORM GSTR-3B on a monthly basis in terms of Notification No. 35/2017-State Tax (referred to as "ST' hereinafter) dated 15thSeptember, 2017 and 56/2017-ST dated 15th November 2017. Further, Notification No. 71/2017-ST and Notification No. 72/2017 - Central Tax both dated 29th December 2017 (superseding Notification No. 57/2017-ST and 58/2017-Cenral Tax both dated 15th November 2017) have been issued to notify the due dates for filing of outward supply statement in FORM GSTR-1 for various months / quarters (as depicted in the calendar above) by registered persons having aggregate turnover in the previous financial year or current financial year of upto 1.5 Crores rupees and above 1.5 Crores rupees respectively. Since, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... months, i.e. October 2017 onwards, the amount of late fee payable, by a taxpayer whose tax liability for that month was 'NIL', will be ₹ 20/- per day (Rs. 10/- per day each under CGST & SGST Acts) instead of ₹ 200/- per day (Rs. 100/- per day each under CGST & SGST Acts). For other taxpayers, whose tax liability for that month was not 'NIL', late fee payable will be ₹ 50/- per day (Rs. 25/- per day each under CGST & SGST Acts) instead of ₹ 200/- per day (Rs. 100/- per day each under CGST & SGST Acts). Notification No. 64/2017-ST dated 15th November 2017 has already been issued in this regard. 3. Amendment / corrections / rectification of errors: 3.1 Various representations have been received wherein registered persons have requested for clarification on the procedure for rectification of errors made while filing their FORM GSTR-3B. In this regard, Circular No. 7/7/2017-GST dated 1st September 2017 was issued by Central Tax Commissioner-GST which clarified that errors committed while filing FORM GSTR - 3B may be rectified while filing FORM GSTR-1 and FORM GSTR-2 of the same month. Further, in the said circular, it was clarified that the system will automati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rson in the return in FORM GSTR-3B would be reconciled by the department's system with the information furnished in FORM GSTR-1 and discrepancies, if any, shall be dealt with in accordance with the relevant provisions of the GGST Act, 2017 and rules made thereunder. Detailed instructions regarding reconciliation of information furnished in FORM GSTR-3B with that contained in FORM GSTR-2 and FORM GSTR-3 will be issued in due course of time. (P.D. Vaghela) Commissioner of State Tax, Gujarat State, Ahmedabad Stage of Return Filing (GSTR - 3B) Common Error- I Stage 1 Stage 2 Stage 3 Stage 4 Common Error- I Confirmed Submission Cash Ledger Updated Offset Liability Return Filed Return liabilities / Input tax credit availed were confirmed and submitted and therefore no change can be done to the liability. No action was taken after this step. Cash was added to the electronic cash ledger as per the return liability. No action was taken after this step. All liabilities were offset by debiting the cash and credit ledger. No action was taken after this step. Return was filed. Use "Edit" facility to add under reported liability. Use "Edit" facility to add such liab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lity to reduce over reported liability and cash ledger may be partially debited to offset such liability. Remaining balance may either be claimed as refund or used to offset future liabilities. Liability may be adjusted in return of subsequent month(s) or refund may be claimed where adjustment is not feasible. Liability was over reported Company B had reported an inter-State sale but realized that the same sale was counted twice and hence was not to be reported. But the return form was already submitted and no change could be done to the liabilities. What can company B do? In this case, Company B has the option to use the "edit" facility to reduce such liability and proceed to file their return. Company B had reported an inter-State sale but realized that the same sale was counted twice and hence was not to be reported or taxed. But the return form was already submitted and no change could be done to reduce the liabilities. Further, the company had already deposited cash in their cash ledger before realizing this error. What can company B do? In this case, Company B has the option to use the "edit" facility to reduce such liability. Once, this is done, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the State of Haryana. While entering their outward supplies in FORM GSTR-3B, the company realized that they had inadvertently, shown inter-State supply as intraState supply and submitted the return. Further, they also had updated their Central Tax and State tax cash ledgers. What can they do? In this case, the company will have to rectify wrongly reported liability using the edit facility. The company will reduce their Central Tax / State tax liability and add integrated tax liability. Further, they will have to pay integrated tax and update their cash ledger. They may seek for Central Tax / State tax cash refund in due course or use the same for offsetting future liabilities. Company C was registered in the State of Haryana. While entering their outward supplies in FORM GSTR-3B, the company realized that they had inadvertently, shown inter-State supply as intra-State supply and submitted the return. The company paid their wrong liability and filed their return in order to avoid late fee and penalty? What can they do? Since, the return has already been filed, then the company will have to report the interState supply in their next month's liability and adjust their wrongly ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . No action was taken after this step. Cash was added to the electronic cash ledger as per the return liability. No action was taken after this step. All liabilities were offset by debiting the cash and credit ledger. No action was taken after this step. Return was filed. Input tax credit was over reported Use "Edit" facility to rectify the over reported input tax credit Additional cash, if required, may be deposited in the cash ledger by creating challan in FORM GST PMT-06 Pay (through cash) / Reverse such over reported input tax credit with interest in return of subsequent month (s). While filing their FORM GSTR 3B for the months of July, 2017, Company E inadvertently, reported their eligible input tax credit, as ₹ 20,00,000/- instead of ₹ 10,00,000/-. What can they do? Since, the company has submitted details of their input tax credit but not used such credit for offsetting their liabilities, they can reduce their input tax credit by using the "edit" facility. While filing their FORM GSTR 3B for the months of July, 2017, Company E inadvertently, reported their eligible input tax credit, as ₹ 20,00,000/- instead of ₹ 10,00,000/-. Wha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inadvertently, reported their Central Tax credit of ₹ 20,00,000/- as Integrated tax. What can they do? They can use "edit" facility to correct central tax credit under the right head. For offsetting any integrated tax liability, additional cash may be deposited in the cash ledger by creating challan in FORM GST PMT-06. While filing their FORM GSTR 3B for the months of July, 2017, Company E inadvertently, reported their Central Tax credit of ₹ 20,00,000/- as Integrated tax credit. In order to avoid late fee and penalties, they paid ₹ 20,00,000/- Central Tax in cash and did not utilize their Integrated tax credit. What can they do? Since, the company has filed the returns and there is an unutilized Integrated tax credit of ₹ 20,00,000/- which was inadmissible to them, they will have topay / reverse such credit in the return of subsequent month(s). Further, Central Tax credit of ₹ 20,00,000/- can be availed in return of subsequent month(s). Change in FORM GSTR-1 No Action Common Error - VII Stage of Return Filing (GSTR - 3B) Stage 1 Stage 2 Stage 3 Stage 4 Confirmed Submission Cash Ledger Updated Offset Liability Return Filed Return li ..... X X X X Extracts X X X X X X X X Extracts X X X X
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