First Return under GST – GSTR3B

GSTR - 3B

Checklist for GSTR-3B Return

A registered person under GST has to file GSTR-3B return on or before 20th August 2017 for the month of July 2017 and on or before 20th September 2017 for the month of August 2017. GSTR-3B shall be treated as return for submitting the provisional assessment of tax liability.

After filing the GSTR-3B, a detailed return under GSTR-1, 2 and 3 shall be filed in September 2017 for the month of July and August 2017.

Let’s discuss the GSTR-3B return in detail-

  1. Details of Outward supplies and inward supplies liable to reverse charge

Under this part of return we require, details of sale/ services provided during the month for which return to be filed. Details required are as under-

  1. Taxable value of goods/ services (Other than Zero rated, Nil and exempted)
  2. Value of zero rated goods/ services
  3. Value of Nil rated and exempted goods/ services
  4. Value of inward goods/ services liable to reverse charge
  5. Value of Non-GST outward goods/ services

With respect to above details of Taxable amount, IGST amount, CGST amount, SGST amount, UTGST amount, Cess amount has to be provided.

 Note:- Value of Taxable Supplies = Value of invoices + value of Debit Notes – value of credit notes + value of advances received for which invoices have not been issued in the same month –value of advances adjusted against invoices.

  1. Details of inter-state supplies to URD, Composition dealer and UIN holders (which includes in point 1(a) mentioned above)

Under this part of we require details of inter-state sale/ services provided during the month of return to following-

  1. Un-registered persons
  2. Composition taxable persons
  3. UIN holders (like embassy, etc.)

With respect to above details of state/UT name, Total taxable value and IGST amount has to be provided.

  1. Eligible Input Tax Credit (ITC)

3.1 Under this part of return we require, details of Input Tax Credit under following categories-

  1. Import of goods
  2. Import of services
  3. Input tax credit on supplies liable to reverse charge (other than mentioned in a & b)
  4. ITC from ISD if any (ISD means Input Service Distributor)
  5. All other ITC

With respect to above details of IGST amount, CGST amount, SGST, amount, UTGST amount, Cess amount has to be provided.

3.2 Under this part of return we require, details of Input Tax Credit (ITC) reversed under following categories-

  1. ITC reversed as per rules 42 & 43 of CGST Rules (Matching, reversal and reclaim of input tax credit/ Output tax liability)
  2. Others

With respect to above details of IGST amount, CGST amount, SGST, amount, UTGST amount, Cess amount has to be provided.

3.3 Ineligible ITC

  1. As per section 17(5) i.e. block credits
  2. Others

With respect to above details of IGST amount, CGST amount, SGST, amount, UTGST amount, Cess amount has to be provided.

  1. Value of inward supplies of exempt, nil-rated and non-GST inward supplies

Under this part of return we require details of purchase/ input services for following categories-

  • Value of supplies under composition scheme, exempt and nil rated inward supplies
  • Non-GST supplies

With respect to above details value of purchase/ input services under inter-state supplies and under intra-state supplies has to be provided.

  1. Payment of tax

Under this part of return we require copies of challan paid under GST with respect to IGST, CGST, SGST, UTGST and Cess has to be provided.

  1. TDS/TCS credit

Under this part of return we require TDS/TCS certificate deducted under GST with respect to IGST, CGST, SGST and UTGST has to be provided.

  1. Form GSTR-3B

Form GSTR-3B attached as per annexure A of this document. GSTR – 3B format

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