CA Anita Bhadra
ERIC –GSTR 3B
( EASY REFERENCE IF CONSULTED)
(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|
|(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|
|Composite Taxable Person|
Table 4 – Eligible Input Tax Credit (ITC)
|Details||Integrated Tax||Centre Tax||State Tax||Cess|
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|
|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|
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.
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