All About GSTR-3B, due dates, formats and procedure
What is GSTR 3B?
GSTR-3B is a simple form prescribed by government which needs to be file by every registered person from July’17 to Mar’18. Hence an every registered person is mandatorily file GSTR 3B before its respective due date.
Data in GSTR-3B has to be provided in a consolidated manner i.e. the consolidated amount in respect of information aksed has to be furnished. Invoice wise information has not to be furnished. So, taxpayer will be required to consolidate their sales and purchase data for the month for the purpose of filing GSTR-3B.The tax liability of GSTR-3B must be paid by the last date of filing for that month.
If there is any discrepancy between the system generated 3B and earlier filed 3B the taxpayer will have to pay additional tax, liability and other dues.
What are the due dates for filing GSTR-3B?
A revised schedule for return filing has been provided to the businesses to give sufficient time to manage the various requirements of the new indirect tax system. The due dates for filing the return is as follows:
Accordingly, till March’18 Due date for filing of GSTR-3B is 20th of the following month.
Who needs to file GSTR-3B?
Every person who has registered for GST must file the return GSTR 3B. This return form must be filed and submitted by you even if you do not have any transactions during these six months.
However, the following registrants do not have to file GSTR 3B
- Input Service Distributors
- Composition Dealers
- Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)
- Non-resident taxable person
There is no field for credit note, debit note, advances received etc. then how the data regarding that has to be filled?
In GSTR-3B data has to be filed as net 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 be uploaded.
There is amendment in any invoice, how will it be shown?
As per instruction in regard to GSTR-3B any amendment in invoice issued has to be adjusted against the invoice amount and the net adjusted amount has to be shown and no amendment will be shown separately.
Will the Utilize cash/ITC functionality be available for discharging return related liabilities?
No, all the details in GSTR-3B will be declared in a consolidated manner by the taxpayer and the taxes will be paid based on the table 6 of GSTR-3B, after submitting the return .
What will happen if my declared liabilities in GSTR-3B are different from that of my GSTR-3 which I will file later?
Upon generation of GSTR-3, if liabilities are different from those declared in GSTR-3B, the system will update the delta (difference) between GSTR-3B and GSTR-3 automatically.
Note: In case of an upward revision of liabilities, you will be liable to pay differential tax along with interest on the (differential) amount.
Is filing of GSTR-3 mandatory even if there is no business in the particular tax period?
Like for filing of GSTR-1, 2 and 3, GSTR-3B is also mandatory to be filed by all normal and casual tax payers, even if there is no business in the particular tax period.
How can I file nil GSTR-3B?
You can file nil GSTR-3B by submitting the return without entering any data and affixing the applicable signature.
Late fees in case GSTR-B not filed on or before respective due date
Filing GSTR-3B is mandatory. Even if a business has no transactions during a month, it will still have to file a nil return.
Interest @ 18% per annum is payable. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of due date for filing to the date of payment.
Late fees of Rs. 50 per day is to be paid for non-filing of GSTR-3B, and Rs. 20 per day for no –filing of NIL GSTR-3B.
Revising GSTR 3B
Once GSTR 3B is filed, it can not be changed, though after submission its possible to modify it.
Particulars of GSTR-3B
- GSTIN– It is state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN) for each taxpayer. This column will be auto-filled.
- Name of the registered person: Name of the taxpayer will be auto filled at the time of logging in to the common portal. Trade name, should be separately provided.
In the above point 3.1 you need to give the deatail of total supple i.e. interstate and intrastate outward supply.
3.1 (a) Outward taxable supplies other than zero rated, nil rated and exempted.
3.1 (b) Outward taxable supplies which is zero rated.
3.1( c) Nil rated and exempted supply.
3.1(d) inward supply which is covered under reverse charge.
3.1(e) Non GST outward supplies.
3.2 Details of supplies made to Unregistered persons, Composition dealer and UIN holders:-
Table 3.2 shows the bifurcation of the interstate outward supplies made to Unregistered Persons, Composition Dealers, and UIN Holders. These details need to be captured State‐wise/ Union‐Territory‐wise total with taxable value and total IGST levied on these supplies.
3.Details of eligible Input Tax Credit
In the above Table 4, ITC availability details and ITC reversed to arrive at the Net ITC is to be provided.
ITC Availability (whether in Full or Part): Mention the break‐up of inward supplies on which ITC is availed. The following are the details you need to capture:
Import of Goods: The Tax credit of IGST paid on import of goods.
Import of Service: The Tax credit of IGST paid on import of services.
Inward supplies liable to reverse charge: Mention the GST paid on inward supplies which are liable for a reverse charge as, sponsorship services, and purchase from URD etc. other than import of goods or services. To know more, read inward supplies liable to reverse the charge.
Inward Supplies from ISD: Input tax credit received from Input Service Distributor (ISD).
All other ITC: Apart from above, ITC of other inward supplies has to be captured here.
Details of Input Tax credit to be reversed: Mention the ITC reversible on the usage of inputs/input services/capital goods used for the non‐business purpose, or partly used for exempt supplies. Also, if the depreciation is claimed on tax component of capital goods, and plant & machinery, then the ITC will not be allowed.
The ITC available as reported in Table 4 (A) is reduced by the amount of ITC to be revered as reported in above table. The balance will be your eligible ITC.
Details of Ineligible ITC: GST paid on inward supplies is listed in the negative list and is not eligible for Input Tax Credit (ITC). The details of GST paid on such supplies are recorded in this table.
Details of exempt, nil‐rated and non‐GST inward supplies.
Mention the details of inward supplies from the composition dealer which are exempt and at nil rates in Table 5. Also, mention the Non‐GST inward supplies.
6.1 Payment of tax
In Table 6.1, declare the tax payable which will be auto-calculated. This is based on the details of outward supplies and inwards supplies liable to be paid on reverse charge captured in Table 3.1.
The tax‐ wise break‐up of payment 0f tax by way of utilization of ITC and cash deposit should be provided.
In the above table, mention the details of TDS (Tax withheld by the Government establishment) and TCS (Tax withheld by E‐commerce operator). However, these provisions are not yet a part of the initial rollout of GST. (Accordingly, TDS and TCS are not applicable till they are notified). Form GSTR 3B is a blessing for the businesses as this will give ample time to the taxpayer for the GST returns.