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.|
|Case 1||Case 2|
|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|
|ITC on closing stock.
Form GSTR 3B filed ?
File GSTR 3B by 20-8-2017
|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