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
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

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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