GSTR-3B

It is more than month now that GST has been implemented and people have been struggling with the new law. Also the confusion is getting worse as the date of return filing is approaching because still taxpayers are not clear as to what shall be their course of action in new tax regime. 

Normally the return filing process comprises of Filing GSTR1, GSTR2 and GSTR3 in the normal course of action, but for the month of July and August, it has been notified that GSTR-3B has to be filed first and then later on GSTR1 and GSTR2 for these months will be filed in september. Read here to know more about the timeline – https://taxgrid.in/2017/07/01/form-gstr3b/.

Here our discussion is focused on queries being raised regarding GSTR-3B. Just to recall, last date of filing GSTR3B for the month of July is 20th August and for the month of August, the last date for GSTR-3B is 20th September.

Here are some common FAQs regarding GSTR-3B:

Q-1. Why am I supposed to fill GSTR-3B.?
A-     GSTR-3B has to be filed in lieu of GSTR3 when notified. Here it has been notified as of now that GTSR3B has to be filed for the month of July and August. GSTR3B has to be most probably filed in those cases where GSTR3 cannot be filed. 

Q-2. In the previous answer it is mentioned GSTR-3B has to be filed where GSTR3 cannot be filed, what does that mean?
A-
 In month 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.

Q-3. In what manner data has to be provided in GSTR3B?
A-   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.

Q-4. Is GSTR-3B the only return which has to be filed for the month of July and August?
A- 
No, GSTR1, GSTR2 and GSTR3 for the month of July and August has to be filed in september. GSTR3B is the consolidated return form being filed for temporary purpose and proper returns has to be filed for both the months. Check https://taxgrid.in/2017/07/01/form-gstr3b/ for the complete timeline.

Q-5. There is no field for credit note, debit note, advances received etc. then how the data regarding that has to be filled?
A-
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.

Q-6. There is amendment in any invoice, how will it be shown?
A-
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.

Q-7. How can I file GSTR-3B?
A- 
GSTR-3B can be filed by logging-on to GSTN common portal and now you can also file the same through ASP/GSP if you have availed that service for your organization.

For availing PAID ASSISTANCE for getting your GSTR-3B filed and other compliance related work contact support@taxgrid.in or call on 011-47528948