How to file Form GSTR 3B - (GSTR 3B return का पंचनामा)

आओ GST सीखें:
Points regarding GSTR 3B:

1. What is GSTR 3B?

GSTR 3B is a simple and summarised return form to be filed for the month of July and August. Assessee must file a separate GSTR 3B for each GSTIN . Invoice level information not required while filing this Return form. Only total values for each field have to be provided, this value must be for the month for which you are filing.

Detailed return i.e. GSTR 1, 2 and 3 for the months of July and August will be filed later.

2. Does Every GST Registrant need to file GSTR 3B?
No, Following GST Registrants need not file GSTR 3B:
1. Registrant who opt for composition scheme,
2. Input Service Distributor (ISD)
3. Non-Resident Taxable person (NRTP)
4. 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).

3. Is it mandatory to file GSTR 3B?
Filing of GSTR 3B is mandatory for GST registrants except the above mentioned registrants.

4. Does it is mandatory to file NIL GSTR 3B ?

Yes, It is mandatory to file GSTR-3B and there is no exemption from filing GSTR-3B even if assessee have not carried on any business in the month of July'17 and Aug'2017 i.e. "NIL" GSTR-3B is also to be filed mandatorily.

5. What is due date of GSTR 3B for July and Aug?
GSTR 3B for July 2017 is due for filing on 20th August.
GSTR 3B for August 2017 is due for filing on 20th September.
GSTR 3B is not applicable starting the month of September, regular returns in GSTR-1, GSTR-2 and GSTR-3 have to be filed from September.

6. How to file GSTR 3B - (GSTR 3B return का पंचनामा)?

Steps and point wise panchnama of How to file GSTR 3B ??

1. Provide GSTIN 
2. Legal Name of the Registered Person [this field will be auto populated after entering GSTIN]
3. 1. Outward supplies and inward supplies on reverse charge i.e. Details where tax is payable by assessee itself.

These details are further broken down into the following. For each of these the assessee must provide, the total taxable value (total which has been invoiced). And then further break this up into IGST, CGST, SGST/UTGST and cess if any. Only the consolidated values for the month must be provided. You do not have to provide GST rate, only the total tax values.

(a) Outward taxable supplies – In this point we have to Include only those outward supplies on which GST has been charged by assessee. Do not include supplies which are zero rated, or have a nil rate of tax or are exempt from GST. These will becovered separately in point (3.1 (b)) below. 

{Here, 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.}

Details of advances as well as adjustment of advances against invoices are not required to be shown separately.
(b) Outward taxable supplies (zero rated) – In this point we have to include Zero rated supplies i.e. exports supplies or supplies made to SEZ.
(c) Other outward supplies (nil rated, exempt) – In this point we have to include supplies which are exempt from GST or are nil rated. Nil rated supplies are those for which the GST rate is nil Or which have been kept exempt from GST. For e.g. salt, puja samagri, curd, lassi, fresh milk. These goods are exempt from GST.

(d) Inward supplies (liable to reverse charge) - In this point we have to provide details of purchases made by from unregistered dealers on which reverse charge applies. In such cases assessee have to prepare an invoice to himself and pay the applicable GST rate of tax.

(e) Non-GST outward supplies – In this point we have to provide details of any supplies made by assessee kept wholly out of GST. For example alcohol, petroleum products etc.

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

Under this head further break up of ‘Outward taxable supplies’ in the above table must be provided. Here we have to mention the inter-state supplies which are made to:
• unregistered persons
• composition dealers
• those who hold a UIN

{UIN holders means those who have a Unique Identification Number instead of a GSTIN. These are specialized agencies of the UNO (United Nations Organisation) or an embassy. Or any Multilateral Financial Institution and Organisation notified under the United Nations (Privileges and Immunities) Act, 1947. Any other persons may also be notified by the Commissioner.}

4. Eligible ITC

This is the detail required for input tax credit. It must be provided separately for IGST, CGST, SGST, UTGST and Cess. Only total values have to be reported and invoice level information is not required.
(A) ITC Available (whether in full or part) – This information must be broken down into ITC on:
• import of goods,
• import of services,
• inward supplies on reverse charge (other than the on import of goods and services reported above)
• inward supplies from your Input Service Distributor (ISD) basically your head office registered as an ISD under GST
• all other ITC

Input tax credit on closing stock is not required to be reported here, as this input tax credit must be first reported by filling up TRAN-1 and TRAN-2 forms.

(B) ITC Reversed

(1) As per rules 42 & 43 of CGST Rules – These rules require that input credit must be reversed for goods and services, where they have been used partly for business and partly for other purposes, to the extent not used for business. Similarly, input credit reversal is also required where supplies include taxable, exempt and nil rated supplies. In the same manner, input credit related to capital goods used for business and other purposes, for taxable, exempt, nil rated supplies must also be reversed to the extent not used for business. Details formulas have been prescribed on how to go about doing this.

(2) Others – Any other ITC which has been reversed in the books by assessee.
(C) Net ITC available (A) – (B) – This will be auto populated
(D) Ineligible ITC
(1) As per Section 17(5) – Report credit which is entirely not available to you.
(2) Others

5. Provide values of exempt, nil rated, and non-GST inward supplies: Here we have to report any purchases made by you of goods or services, which are 

• from a composition dealer,
• exempt {Author Comment: In this detail we have to also mention total of all those expenses and purchases, which are from unregistered person and not attract reverse charge provision because of exemption limit of Rs. 5000. Friends this have very big impact. This means all of us have to finalised profit and loss account monthly basis. Take hint from point no. 4 and 8 of GSTR 2. Please be alert}
• nil rated or 
• not covered by GST at all. 
  This information must be bifurcate into inter-state and intra-state.

CONCLUSION:

Table 5 in Form 3B

There are many queries about what information need to be given in Table 5 of Form 3B. Below are some points which can help in putting information in Table 5.

1. Inward Supply from Composition dealers: Here the Inward supplies received from Composition user needs to be filled, rather for any purchase or for business expense.

2. Inward exempted supply: This one is the most critical to fill as it will cover all supply of exempted goods or services. Some examples are:

A. All URD purchase below 5000 on which reverse charge is not paid, as it is an exempt supply.

B. Amount of interest paid, GTA charges below 750 or 1500 and many more supplies which are exempt.

This is a big flow as all the details of minor expenses needs to be given monthly.

3. Inward NIL rate supply: This includes all supplies classified under NIL rate.

4. NON GST Supply: This heading will include all activities which are Supply but GST act in not applicable to them currently like Petrol, diesel expenses, alcohol expenses.

So which inward activities does not need to be mentioned in Form 3B or going firmware in GSTR 2?

Primarily everything which fits in the definition of supply needs to be mentioned.

Hence, some expenses or activities as mentioned in SCHEDULE III like salary, Sale of land etc.. which are specifically neither treated as Supply of goods nor of services NEED NOT to be mentioned.

Also supply of money in not considered as supply of goods and hence it will also need not to be considered.

6.1 Payment of Tax

Under this section assessee have to report the final tax payable by assessee on taxable supplies made by assessee, which will match with 3.1.(a) above. The amount of IGST, CGST, SGST and UTGST will be reported separately. And also report the credit which has been availed against these. This amount is under 4(C). The balance tax must be deposited by you and appears under column 8. If any interest or late fee has been deposited that must also be reported.

6.2 TDS or TCS Credit

This point is not applicable for now.

Hope all of you are getting the knowledge for filing GSTR 3B. Friends it is time to take consultancy from learned professionals to avoid litigations from GST department.


Regards,
CA Lalit Aggarwal,
Partner - VALS & Company
9999565491
We have separate team for GST to help all of you in Delhi- Gurgaon-NCR)