Form GSTR-3B Due date extended with Conditions; No Change in due date of Payment – Notification No. 23/2017– Central Tax Dated: 17/08/2017
| Fact 1 | Fact 2 | Fact 3 |
| Credit available on closing stock (30-6-2017) can be availed only on filing of TRANS 1 whose last was already fixed as 30-9-2017 | Last date of filing of GSTR 3B is 20-8-2017 | This last date of 20-8-2017 has been extended till 28-8-2017 only for those assessee who wants to claim ITC on closing stock before 30-9-2017 by filing TRANS 1. |
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| Case 1 | Case 2 | |
| Output Tax | 100 | 100 |
| Less : Input Tax Credit as per GSTR 3B | 80 | 80 |
| Less : ITC as per TRANS 1 | 20 | 5 |
| Tax payable in cash | Nil | 15 |
| First file TRANS 1 and then GSTR 3B by 28-8-2017 | First pay tax of Rs. 15 in cash by 20-8-2017 and then file TRANS 1 by 28-8-2017 and thirdly GSTR 3B by 28-8-2017 | |
| OTHERWISE INTEREST @ 18% p.a. payable | Pay tax of Rs. 20 and interest on Rs. 20 w.e.f 21-8-2017 till the date of payment | Pay tax of Rs. 5 and interest on Rs. 5 w.e.f 21-8-2017 till the date of payment |
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| ITC on closing stock.
Available ? |
||||
| Yes.
Form GSTR 3B filed ? |
No
File GSTR 3B by 20-8-2017 |
|||
| Filed | Not Filed | |||
| File TRANS 1 by 30-9-2017 and claim credit accordingly | Follow the previos explained procedure if you want to pay tax by filing TRANS 1 | |||
Download link of GSTR 3B excel utility form : http://imojo.in/e3o33p
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