AI OCR 
TaxTMI 
TaxTMI 
TaxTMI 
Filling of Returns under GST
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....y clarified: 1. Return Filing Calendar: 1.1 Dates for filing of FORM GSTR-1 and FORM GSTR-3B have been put in a calendar format for ease of understanding as under: Return Filing Dates January 2018 10 _ February 2018 Up to 1.5 Crore GSTR-3B GSTR-1 20 Dec 3B 10 15 20 March 2018 10 Jan 3B 20 Feb 38 10 April 2018 20 Mar 38 30 May 2018 10 Apr 38 Jul-Sep 2017 Oct-Dec 2017 Jan-Mar 2017 Greater than GSTR-3B Dec 3B Jan 3B Feb 38 Mar 38 1.5 Crore GSTR-1 July to Nov 2017 Dec 2017 Jan 2018 Feb 2018 Apr 38 Mar 2018 1.2 It may be noted that all registered persons are required to file their FORM GSTR-3B on a monthly basis in terms of Notification (1-K/2017) No. KGST.CR.01/17-18 dated 15th September, 2017 and Notification (1-W/2017) No. KGST.CR.01/17-18 dated 15th November 2017. Further, Notification (23/2017) No. FD 47 CSL 2017 and Notification (1-AH/2017) No. KGST.CR.01/17-18 both dated 29th December 2017 (superseding Notification No. (19/2017) - No. FD 47 CSL 2017 and (1-X/2017) - No. KGST.CR.01/17-18 both dated 15th November 2017) have been issued to notify the due dates for filing of outward supply statement in FORM GSTR-1 for various months ....
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....um of late fee: The late fee for the months of July, August and September for late filing of FORM GSTR-3B has already been waived off vide Notification (23-A/2017) No. FD48 CSL 2017 dated 6th September 2017 and (23-B/2017) No. FD 47 CSL 2017 dated 24th October 2017. 2.2 It has been decided that for subsequent months, i.e. October 2017 onwards, the amount of late fee payable, by a taxpayer whose tax liability for that month was 'NIL', will be Rs. 20/- per day (Rs. 10/- per day each under CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/- per day each under CGST & SGST Acts). For other taxpayers, whose tax liability for that month was not 'NIL', late fee payable will be Rs. 50/- per day (Rs. 25/- per day each under CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/- per day each under CGST & SGST Acts). Notification (20/2017) No. FD 47 CSL 2017 dated 15th November 2017 has already been issued in this regard. 3. Amendment/corrections / rectification of errors: 3.1 Various representations have been received wherein registered persons have requested for clarification on the procedure for rectification of errors made while filing their FORM GSTR-3B. In this r....
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....ng the same has been provided. The facility to edit the information can be used only before offsetting the liability and editing will not be permitted after offsetting the liability. Hence, every care should be taken to ensure the accuracy of the figures before proceeding to offset the liabilities. 6. It is further clarified that the information furnished by the registered person in the return in FORM GSTR-3B would be reconciled by the department's system with the information furnished in FORM GSTR-1 and discrepancies, if any, shall be dealt with in accordance with the relevant provisions of the KGST Act, 2017 and rules made thereunder. Detailed instructions regarding reconciliation of information furnished in FORM GSTR-3B with that contained in FORM GSTR-2 and FORM GSTR-3 will be issued in due course of time. To, All the Departmental Officers in the State. LL. (SRIKAR M.S.) Commissioner of Commercial Taxes (Karnataka) Bengaluru SRIKAR. M.S., L.A.S Commissioner of Commercial Taxes (Karnataka), Bengaluru. Page 3 of 10 Common Error-I Liability was under reported Stage 1 Confirmed Submission Return liabilities / Input tax credit availed were confirmed and....
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....f the month/quarter, then such liability may be declared in the subsequent month's/quarter's FORM GSTR-1 in which payment was made. Stage 1 Confirmed Submission Return liabilities / Input tax credit availed were confirmed and submitted and therefore no change can be done to the liability. No action was taken after this step. Stage of Return Filing (GSTR - 3B) Stage 2 Cash Ledger Updated Cash was added to the electronic cash ledger as per the return liability. No action was taken after this step. Use "Edit" facility to reduce over Use "Edit" facility to reduce over reported reported liability. Company B had reported an inter-State sale but realized that the same sale was counted twice and hence was not to be reported. But the return form was already submitted and no change could be done to the liabilities. What can company B do? In this case, Company B has the option to use the "edit" facility to reduce such liability and proceed to file their return. liability and cash ledger may be partially debited to offset such liability. Remaining balance may either be claimed as refund or used to offset future liabilities. Company B had reported an inter-State s....
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.... they had inadvertently, shown inter-State supply as intra-State supply and submitted the return. What can they do? In this case, the company will have to rectify wrongly reported liability using the edit facility. Here, the company will reduce their Central Tax/State tax supplies and liability and add integrated tax liability and proceed to file their return. Company C is registered in the State of Haryana. While entering their outward supplies in FORM GSTR-3B, the company realized that they had inadvertently, shown inter-State supply as intra- State supply and submitted the return. Further, they also had updated their Central Tax and State tax cash ledgers. What can they do? In this case, the company will have to rectify wrongly reported liability using the edit facility. The company will reduce their Central Tax / State tax liability and add integrated tax liability. Further, they will have to pay integrated tax and update their cash ledger. They may seek for Central Tax / State tax cash refund in due course or use the same for offsetting future liabilities. Stage 3 Offset Liability All liabilities were offset by debiting the cash and credit ledger. ....
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....d in cash ledger No Action required in cash ledger Input tax credit which was not reported may be availed while filing return for subsequent month(s). Company D, while filing their FORM GSTR-3B for the month of July, inadvertently, misreported Input tax credit of Rs. 1,00,00,000/- as Rs. 10,00,000/-. They had filed their return and paid Rs. 90,00,000/- in cash. What can they do? Since, the return has already been filed, Company D may add such Input tax credit in their return for subsequent month(s). FORM GSTR-1 No Action Page 7 of 10 Common Error - V Input tax credit was over reported Change in FORM Stage 1 Confirmed Submission Return liabilities / Input tax credit availed were confirmed and submitted and therefore no change can be done to the liability. No action was taken after this step. Stage of Return Filing (GSTR - 3B) Stage 2 Cash Ledger Updated Cash was added to the electronic cash ledger as per the return liability. No action was taken after this step. Use "Edit" facility to rectify the over Additional cash, if required, may be deposited reported input tax credit in the cash ledger by creating challan in FORM GST PMT-06 While filin....
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....ded to challan in FORM GST PMT-06 the credit ledger. • Input tax credit reduced will be adjusted in the credit ledger without any additional liability While filing their FORM GSTR 3B for the months of July, 2017, Company E inadvertently, reported their Central Tax credit of Rs. 20,00,000/- as Integrated tax. What can they do? Stage 3 Offset Liability All liabilities were offset by debiting the cash and credit ledger. No action was taken after this step. Stage 4 Return Filed Return was filed. of Pay(through cash) / Reverse any wrongly reported input tax credit in return subsequent month(s). For under reported input tax credit, the same may be availed in return of subsequent month(s). can While filing their FORM GSTR 3B for the While filing their FORM GSTR 3B for the months of July, 2017, Company Emonths of July, 2017, Company E inadvertently, reported their Central Tax inadvertently, reported their Central Tax credit of Rs. 20,00,000/- as Integrated tax. credit of Rs. 20,00,000/- as Integrated tax What can they do? credit. In order to avoid late fee and penalties, they paid Rs. 20,00,000/- Central Tax in cash and did not utilize their Integra....