Filing of FORM GSTR-3B FOR THE Month OF July 2017 and August 2017

FILING OF GST RETURN FORM GSTR-3B FOR THE MONTH OF JULY 2017 AND AUGUST 2017

The Goods and Services Tax Act, 2017 came into force with effect from 1.7.2017.

Normally, the monthly returns under the existing Acts were to be filed before the stipulated dates fixed by the Central Government for Central Levies and by the State Governments and Union Territories for State Levies.

The GST Council in its meeting held on 18.6.2017 has agreed to relax the return filing requirement for the first two months under the new GST regime.

As per the provisions of GST Act, a normal taxpayer is required to file FORM GSTR-1 for the month of July 2017 falls on 10^th succeeding month and filing of FORM GSTR-2 on 15^th of the succeeding month and Form GSTR-3 on 20^th of the succeeding month.

The GST Council has relaxed the due dates of return filing for the months of July and August, 2017 as shown below and from the month of September 2017 the taxpayers has to file returns on the due dates as per act. The due dates and relaxed due dates were given below:

FORM	JULY 2017		AUGUST 2017		SEPT. 2017
	Normal Date	Relaxed Date	Normal Date	Relaxed Date	Normal Date	No Relaxation
GSTR-1	10.08.2017	05.09.2017	10.09.2017	20.09.2017	10.10.2017	10.10.2017
GSTR-2	15.08.2017	10.09.2017	15.09.2017	25.09.2017	15.10.2017	15.10.2017
GSTR-3	20.08.2017	15.09.2017	20.09.2017	30.09.2017	20.10.2017	20.10.2017
GSTR-3B	NOT APPLICABLE	20.08.2017	NOT APPLICABLE	20.09.2017	NOT APPLICABLE	NOT APPLICABLE

The GST Council has relaxed the return filing period for the months of July 2017 and August 2017.  But the taxpayers will have to file FORM GSTR 3B for the months of July 2017 and August 2017 on 20.8.2017 and 20.9.2017 respectively which falls on the regular due dates under the existing tax laws.

The Form GSTR-3B is given below for advance preparation of accounts for uploading the same in the GST Portal before 20.8.2017

FORM GSTR-3B

[See rule 61(5)]

	Year
	Month

1.		GSTIN
2.		Legal name of the registered person	Auto Populated

3.1         Details of Outward Supplies and inward supplies liable to reverse charge

Nature of Supplies	Total Taxable value	Integrated Tax	Central Tax	State/UT Tax	Cess
1	2	3	4	5	6
(a) Outward taxable supplies (other than zero rated, nil rated and exempted)
(b) Outward taxable supplies (zero rated )
(c) Other outward supplies (Nil rated, exempted)
(d) Inward supplies (liable to reverse charge)
(e) Non-GST outward supplies

3.2   Of the supplies shown in 3.1 (a)  above, details of inter-State supplies made to unregistered persons, composition taxable persons and UIN holders

	Place of Supply (State/UT)	Total Taxable value	Amount of Integrated Tax
1	2	3	4
Supplies made to Unregistered Persons
Supplies made to Composition Taxable Persons
Supplies made to UIN holders

4.    Eligible ITC

Details	Integrated Tax	Central Tax	State/UT Tax	Cess
1	2	3	4	5
(A) ITC Available (whether in full or part)
(1) Import of goods
(2) Import of services
(3) Inward supplies liable to reverse charge (other than 1 & 2 above)
(4) Inward supplies from ISD
(5) All other ITC
(B) ITC Reversed
(1) As per rules 42 & 43 of CGST Rules
(2) Others
(C) Net ITC Available (A) – (B)
(D) Ineligible ITC
(1) As per section 17(5)
(2) Others

5.      Values of exempt, nil-rated and non-GST  inward supplies

Nature of supplies	Inter-State supplies	Intra-State supplies
1	2	3

From a supplier under composition scheme, Exempt and Nil rated supply
Non GST supply

6.1   Payment of tax

Description	Tax payable	Paid through ITC				Tax paid TDS./TCS	Tax/Cess paid in cash	Interest	Late Fee
		Integrated Tax	Central Tax	State/UT Tax	Cess
1	2	3	4	5	6	7	8	9	10
Integrated Tax
Central Tax
State/UT Tax
Cess

6.2 TDS/TCS Credit

Details	Integrated Tax	Central Tax	State/UT Tax
1	2	3	4
TDS
TCS

Verification (by Authorised signatory)

I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from.

Instructions:

1) 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

2) Details of advances as well as adjustment of same against invoices to be adjusted and not shown separately

3) Amendment in any details to be adjusted and not shown separately.

The Taxpayers has to file FORM GSTR-3B on self-assessment basis for the first two months on the due dates i.e. 20.8.2017 and 20.9.2017.

When regular returns in FORM GSTR-01 are filed on the relaxed dates such as 5.9.2017 (for July 2017) and 20.9.2017 (for August 2017) GSTR-2 and GSTR-3 will be auto-populated with the information furnished under GSTR-1.  The GSTR 3 auto-populated will be verified with GSTR-3B.  If there is any shortfall of tax payment the taxpayers will have to pay the difference and excess if any will be refunded.  No penalty or late fees will be charged on the difference.  Hence each and every taxpayer has to file FORM GSTR-3B for the months of July 2017 and August 2017.

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