Please review working of 15 days GST (1/7/17 to 15/7/17) this is related to Bills of Supply to Clients/customers & Purchases from Registered & un-Registered Suppliers:
A. LOOK ON CURRENT REQUIREMENT OF GOVT.:

1. GSTR 3B – Summary Return for computation of Tax liability for the month of July 2017 (Income Bills/Purchase Bills) on or before 20th Aug 2017 (Attached)

2. Tax to be deposited before filing GSTR 3B for the month of July 2017

3. Detailed information on Bills of Supply & Purchases will be submitted in GSTR 1 & GSTR 2 on or before 5th Sep & 10th Sep 17 respectively for July 2017.

4. From 24th July window for bills up-load is going to be active and you can up load your bills daily, weekly etc. to avoid last time rush.

To sum up:
1.Output Supply value on regular supply in July 2017
Add:
2. dues on RCM purchase from unregistered dealer more than Rs 5000/ in a single day from single supplier or on advocate/ GTA bills etc
3. Advance received but goods or service is pending to supply till 31/07/2017
Less:
4. ITC c/f if you have filed ITC TRAN 1 before it
5. ITC calculated for current purchases = Net liability to be paid on or before 20th Aug 17.
Remember RCM paid in July can be claimed in Aug 2017 return because first you have to pay then you can claim from Govt.

THEREFORE NOT ONLY GSTR 3B IS REQUIRED BUT TAX FOR JULY ALSO HAS TO BE DEPOSITED ON OR BEFORE 20TH AUG.

 B. WHAT YOU SHOULD REVIEW (for pan-India operations): 

1. Your VAT returns on pan-India or their calculation if it has not filed yet (for 1/4/17 to 30/6/17)

2. Your Service Tax return centralized (if you are centrally registered) other wise simple return (for 1/4/17 to 30/6/17) due date is 15th Aug but file early.

3. Summary of your bills issues and sample of bills copy issued under GST Act from 1/7/17 to 15/7/17 (summary as per the offline utility provided by GSTN)(Attached)

4. Summary Purchase Bills – separately where Reverse Charge is applicable & Not applicable along with Bills under GST Act from 1/7/17 to 15/7/17

5. Your closing stock – which includes ITC claim for VAT or CENEVAT for this claim we have to file GST Tran – 1

6. Calculation of ITC claim c/f + new generated on fresh purchases

7. Advance receipts – Ledger

C. ACCOUNT LEDGERS – SUPPLY/PURCHASE/ITC TO BE REVIEWED:
1. Bill of Supply Ledgers (Sale Ledgers – Separately State wise, Interstate & Intra State). For example – Supply – Local Delhi (CGST+SGST) Ledger 1 & Supply- Interstate Delhi – IGST Ledger 2. Like wise for other states.
2. Purchases Ledgers– From Registered Suppliers – (Purchase Ledgers – Separately State wise, Interstate & Intra State). For example – Purchases – Local Delhi (CGST+SGST) Ledger 1 & Purchases- Interstate Delhi – IGST Ledger 2. Like wise for other states.
3. Purchases Ledgers– From Un-Registered Suppliers covered under RCM – (Purchase Ledgers – Separately State wise, Interstate & Intra State). For example – Purchases – Local Delhi (CGST+SGST) Ledger 1 & Purchases- Interstate Delhi – IGST Ledger 2. Like wise for other states.
4. Purchases Ledgers– From Un-Registered Suppliers – (Purchase Ledgers – Separately State wise say for Delhi – Local Delhi) where from single day from single supplier purchases do not cross Rs.5000/- (no interstate purchase is allowed).
5. Input Tax Credit Ledgers (ITC): as under for example Delhi taken otherwise it is required for all states where we are registered. these ledgers will work as your ITC Passbook:
—IGST- Delhi (Sub Group)
—    1. IGST – Delhi – Input – Ledger      3. IGST – Delhi – Input under RCM – Ledger 
—    2. IGST – Delhi – Output – Ledger    4. IGST – Delhi – Output under RCM – Ledger
CGST– Delhi (Sub Group)
—   1. CGST – Delhi – Input – Ledger    3. CGST – Delhi – Input under RCM – Ledger
—   2. CGST – Delhi – Output – Ledger  4. CGST – Delhi – Output under RCM – Ledger

—SGST- Delhi (Sub Group)

—   1. SGST – Delhi – Input – Ledger   3. CGST – Delhi – Input under RCM – Ledger

—   2. SGST – Delhi – Output – Ledger 4. CGST – Delhi – Output under RCM – Ledger
Please prepare all these for review for Tax Consultants or your seniors but do not delay it otherwise you will not be able to control GST working.

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14 responses to “Preparation For GSTR 3B”

  1. G M JYOTHI GANESH says:

    when you are purchase invoice upload and sales excel sheet the time was short period and tot returns

  2. CA Pankaj Khandelwal says:

    Sir, you are posting that “from single day from single supplier purchases do not cross Rs.5000/-” but in circular it is “Aggregate Rs. 5000/- in a day from any or all the suppliers”. Can you please clarify the same.

    • CA Ankit Pathak says:

      Sir, Limit of Rs.5000/- is in aggregate from all unregistered dealers in a day

    • rajivnigam says:

      You rightly said – in a day aggregate Rs.5000/- a day from one or more un-registered supplier or suppliers as per Notification No.8/2017 of CGST Act, i.e. where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.

  3. Satbir Singh says:

    The limit for Rs 5000 per day is from all unregistered suppliers during one day and not per supplier per day.
    e.g. Mr. A(registered) purchases from Mr B(unregistered) Rs. 3000 worth article and from Mr C(unregistered) Rs. 4000 worth of goods on the same day then in such a case Mr A shall be liable to pay under RCM tax on Rs. 7000 (3000+4000)

  4. VINOD KUMAR GUPTA says:

    There is no doubt you touched every corner of july return , But way you have explained thinks it become
    complicate not easy to understand for a common people. However in spite of that your article is very useful .

  5. SURYAM says:

    Dear Mr.Rajiv Nigam,

    Attachments are not found.
    Where do we get GSTR 3B as same is not found either in cbec or gst website?

    • CA Ankit Pathak says:

      You can find GSTR 3 B on GST Portal after logging in.

    • RAJIV NIGAM says:

      Kindly refer CGST Rule, 2017 No.61(5) which I reproducing below:
      (5) Where the time limit for furnishing of details in FORM GSTR-1 under section 37 and
      in FORM GSTR-2 under section 38 has been extended and the circumstances so warrant,
      return in FORM GSTR-3B, in lieu of FORM GSTR-3, may be furnished in such manner
      and subject to such conditions as may be notified by the Commissioner.
      Further after logged in still returns have not been loaded but you can see in rule at page No.212 as hard copy in PDF format. You can send me your e mail ID I will send it to you.

    • rajivnigam says:

      Dear Suryam,
      Please go to page No.212 of CGST Rules, 2017 there you will find format of GSTR 3B and take print still on site these return formats are not available.

  6. Rocky says:

    Please clarify Unable to understand the below mentioned line because limit is for all unregistered supplier not for single and what is the meaning of (no interstate purchase is allowed).?

    “where from single day from single supplier purchases do not cross Rs.5000/- (no interstate purchase is allowed)”

    • rajivnigam says:

      As per notification 8/2017 aggregate word is used where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.
      Rightly commented by others also in one day only Rs.5000/- goods or services can be taken without paying RCM from un-registered suppliers.
      These supplies are allowed only “Local Level” you can not purchase it from other state. Because if any un-registered person supplies goods or services interstate then even for Rs 1/- supply they have to take registration under GST so no un-registered dealer will supply interstate.
      Now suppose you have purchased Rs 4,500/- goods from Delhi & taken them to UP but at the time of purchase you have taken it as counter delivery but goods movement ends at UP that is final destination of consumption of goods therefore in spite of purchases is below Rs.4500/- but ultimately it is interstate purchase therefore you have to pay RCM on such purchases.

  7. Suresh Jain says:

    Very well explained

    • rajivnigam says:

      Thanks Mr Jain. Once you will enter in to Ledger opening/ECL matching with books etc then these matters will come therefore it is well to wake up on time rather working at last hours. Govt is rightly judged common people problem that is why they are giving opportunity to up load Invoices from 24/7/2017 so that GSTR 1 which is due on 5th Sep of July 17 can be filed without any hassels.

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