Simplified GSTR Return 3B for Business Community

CA Anita Bhadra

GST RETURNS – FORM 3B

ERIC –GSTR 3B

( EASY REFERENCE IF CONSULTED)

1. INTRODUCTION:-

(a) GST Regime has come into effect from 01 July 2017 and now it is the time to file the monthly returns . The GST professionals are well versed with the process and will be guiding the business community towards compliances . However , there is need to educate the business community & put in one place the process of filling Returns and the details which need to be furnished to Tax Authorities . Therefore an effort has been made to make the return filling process easily understood by business community.

(b) The explanatory notes will give clear idea about the information sought in the Returns in easy to understand language . The use of legalese and complicated technical terms have been avoided for the purpose.

(c) The Article brings out the details with reference to each table and its coloums.

(d) First return to be filled in GST regime is Form 3B . It is a simple return introduced by Government for the month of July and Aug 2017 only. However , this does not preclude the need to file regular returns -GSTR1-GSTR3 for the said months . Regular returns for the month of July and Aug 2017 will be filled in the month of Sep 2017.

2. EXEMPTED   CETAGORIES OF PERSON –

Following categories of persons are exempted from filing GSTR 3B:-

(a) Input Service distributor (ISD)  –

(b) Composition Dealers

(c ) NRIs

3. DUE ( LAST ) DATE FOR FILLING GSTR 3B

For July 2017   – 20 Aug 2017

For Aug 2017    – 20 Sep 2017

4. CONTENTS OF FROM 3B

Form 3 B consist of 6 Tables  which seeks information based on type of transactions.

Table  1.  The first table  seeks GSTN No.

Table 2  The second  table seeks legal name of Registered person which is auto populated once GSTN No. is entered .( The software will automatically  fill the details.)

Table 3  (a) The third table  seeks details about outward supplies made and

(b) Purchases for which supplier is liable to pay tax under  Reverse Charge Mechanism (RCM) . Sec9(3) and Sec 9(4) of GST Act 2017 covers RCM provisions .

Table 3 of Form 3 B is further  sub divided in two parts :-

Table 3.1 – Details of outward Supplies and inward supplies liable to reverse charge

The details need to be filled up in following coloums:-

Nature of Supplies	Total Taxable Value	IGST	CST	SGST	CESS
1	2	3	4	5	6
(a) Outward taxable supplies (other than zero rated ,nil rated & 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

3.1.(a) seeks details of outward supplies in four categories

(i)  Supplies within state ( Intra sate )/Interstate ( outside state)

(ii)  Supplies  to Registered/Unregistered person.

(iii) Supplies made to specific  Agencies of UNO

(iv) Supplies to person registered under composite scheme within the state and across the state.

3.1. (b) Zero rated supplies essentially pertains to Export & supplies to SEZ ( Sec 16 of GST Act)

3.1 (c )  This coloum seeks detail of total supplies which fall under Nil Rate. Ex- Salt , Pooja Samagri etc Sec 2(42) of GST Act)

3.1. (d) This covers supplies received from unregistered person  under Reverse Charge Mechanism [ Sec 9(3) & 9(4)]

3.1 (e)  Reflects nature of supplies  which are kept outside the ambit of GST . Ex – Alcohal & Petroleum Products.

Table 3.2 – This table  table seeks  the details of informations which is furnished at table 3.1 above and needs to be extracted from it  :-

Supplies made to	Place of supply	Total taxable value	Amount of Integrated Tax
1	2	3	4
Unregistered Person
Composite Taxable Person
UIN holders

Table  4  – Eligible Input Tax Credit (ITC)

Details	Integrated Tax	Centre Tax	State Tax	Cess
1	2	3	4	5

4. (A)  This coloum of Table 4 seeks ITC available on:

Import of goods , Import of services , Inward supplies liable to reverse charge , Inward supplies from ISD and all other ITC.

4. (B) Seeks details about ITC reversed .(Rules 42 & 43)  and ITC reversed under other Rules

4. (C) seeks detail of net ITC available that’s the difference between values indicated at 4A and 4B  above.

4. (D) Reflects value of ineligible ITC . Here the details of supplies need to be given where ITC can not be claimed. For axample – purchase of motor vehicle etc .Sec 17(5) of GST Act is relevant.

Table 5  –  Value of  Exempt , Nil rated and Non GST inward supplies :-

Name of Supplies	Inter State Supplies	Intra State Supplies
1	2	3
From a supplier under composition scheme ,exempt & Nil rated supply
Non GST Supply

 This table  seeks purchases from a supplier who opted composition scheme , or the items which are either exempted, Nil rated or out of the GST perview

Table 6  – Payment of Tax

Description	Tax payable	Paid thru				Tax Paid	Paid in cash	Intt	Late fees
		IGST	CST	SGST/UTGST	CESS	TDS/TCS
1	2	3	4	5	6	7	8	9	10

This table seeks details of  final tax payable on taxable supplies made  which should  match with 3.1.(a) above. T

This will be  separately reflected  in table 6 under IGST, CGST, SGST and UTGST. And also reflect  the credit which has been availed as per coloum  4(C).

The balance tax must be deposited and appears under column sub coloum 8of Table 6 . If any interest or late fee has been deposited that must also be reflected in coloum 9 and 10 of table 6 above.

Table 7 :

This coloum seeks details about TDS & TCS credit which is not relevant at this point of time as TDS/TCS has been held in abeyance at present. A separate notification in this regard will be issued by Government and thereafter these details need to be furnished in accordance with the notifications.

Conclusion :-

The above will hopefully serve the business community in general as a ready recknor and as ERIC ( Easy Reference if Consulted ) .

Any further queries , clarifications – assistance can be given to those who seek. The same may be  e mailed to 1706 anita @ gmail. Com