GSTR
3B Return – Last Date Extended till August 25,2017
A press note has been issued that the GST
Implementation Committee, consisting of State and
Central Government officers, has taken a decision to
extend the last date for payment of the GST for the
month of July 2017 to 25th August, 2017.
It has been specified that for those tax payers, who
do not want to avail of transitional credit in
TRAN-1 this month, the date for return filing will
be 25th August 2017. And for those who
want to fill up TRAN-1 this month, the last date for
filing of returns will be 28th August
2017, as announced earlier.
Click to view / download Press Note extending last date for filing of B to 25th August, 2017
Click to view / download Clarification on Tax Payment, Filing of GSTR 3B Return and Transitional Credit for July, 2017
Filing of GSTR 3 B – Really taxing times
As we are all aware the due date for filing of the return in Form GSTR 3B for July 2017 is only 20th August, 2017 except for those opting to avail of transition credit by filing Form GSTR TRAN-1.
The due date of filing of return for those availing of transition credit is extended to 28th August, 2017 subject to filing of GSTR TRAN-1 before filing of GSTR 3B. However the tax payable net of transition credit is to be paid by 20th August, 2017.
It is expected that modified Form GSTR 3B with provision to report transition credit would be made available. It is possible that the transition credit availed in GSTR TRAN-1 may have to be filled in or would get auto populated in Form GSTR 3B based on GSTR TRAN-1 filed.
We understand that once submitted Form GSTR 3B cannot be amended or edited. Therefore, please take care to validate data before submitting the return.
For those who could have made mistakes, here is the tweet that “errors and omissions can be shown in the next month’s return”
Clarifications required on GSTR TRAN-1
It is not clear at this point of time if filing of Form GSTR TRAN-1 would be available more than once. i.e. whether Cenvat Credit carried forward can only be availed now and VAT Credit carried forward may be availed later and whether other tables like details of statutory forms received for which credit is being carried forward and Details of goods sent to job-worker and held in his stock on behalf of principal under section 141 and details required in other tables of GSTR TRAN-1 are to be filed now.
The concern is whether all applicable tables in Form GSTR TRAN-1 is required to be filled in at one go before filing GSTR 3B. This is required to be clarified by the authorities urgently.
For those opting to file Form GSTR
TRAN-1 is advisable that details of all tables in GSTR TRAN-1
be kept ready before opting to avail of transition credit.
Click on the links hereunder to view /download the documents relevant to filing of Form GSTR 3B
Tutorial of GSTN on filing of Form GSTR 3B,
FAQs on filing of Form GSTR 3B, of GSTN
Filing of enrolment Form necessary to file GSTR 3B
Guidelines for filling in Form GSTR 3B
and
brief note on the constituent of the definitions of different kinds of “Supply”
to be understood for correct reporting of the turnover of outward supplies and inward supplies, prepared by our team.
Date : August 18, 2017.
Due Date for filing of GST Return in Form GSTR-3B extended for those claiming transitional credit (Press Report)
The economic times has reported that the deadline for filing of GST Return, GSTR- 3B for July 2017, has been extended to August 28th from August 20th, 2017 only for taxpayers who file the return in form GSTR TRAN-1, to claim transitional credit. Form GSTR TRAN-1 is to be filed before filing of GSTR 3-B.
