TaxTMI 
TaxTMI 
Filling of Returns under GST.
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....s and circulars regarding return filing and to ensure uniformity in implementation across field formations, the Chief Commissioner, in exercise of its powers conferred under section 168 of the Tripura State Goods and Services Tax Act, 2017 hereby clarifies the following issues: 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 March 2018 Up to 1.5 GSTR-38 20 Dec3B 10 15 20 Jan 3B 10 20 10 Feb 3B April 2018 20 Mar 38 30 May 2018 10 Apr 3B Crore GSTR-1 Jul Sep 2017 Oct Dec 2017 Jan-Mar 2017 Greater than GSTR-38 Dec 3B Jan 3B Feb 3B Mar 3B 1.5 Crore GSTR-1 July to Nov 2017 Dec 2017 Jan 2018 Feb 2018 Apr 3B 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 No. 1-11(100)-TAX/GST/2017 (Tripura Gazette No. 332) dated 16th September, 2017 and No. 1-11(100)-TAX/GST/2017 (Tripura Gazette No. 430) dated 16th Novem....
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....ORM GSTR-1 on monthly basis if he so wishes even though his aggregate turnover is up to Rs. 1.5 Crore. Once he falls in this bracket or if he chooses to file return on monthly basis, the registered person will not have the option to change the return filing periodicity for the entire financial year. In cases, where the registered person wrongly reports his aggregate turnover and opts to file FORM GSTR-1 on quarterly basis, he may be liable for punitive action under the CGST Act, 2017. 2. 2.1 Applicability and quantum 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 No.1-11(100)-TAX/GST/2017 (Tripura Gazette No. 329 dated 15th September, 2017) dated 13th September, 2017 and No. 1- 11(100)-TAX/GST/2017 (Tripura Gazette No. 380 dated 31st October, 2017) dated 27th 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. ....
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.... i.e. Table No. 3.1, 3.2, 4 and 5, as the case may be. It may be noted that while making adjustment in the output tax liability or input tax credit, there can be no negative entries in the FORM GSTR-3B. The amount remaining for adjustment, if any, may be adjusted in the return(s) in FORM GSTR- 3B of subsequent month(s) and, in cases where such adjustment is not feasible, refund may be claimed. Where adjustments have been made in FORM GSTR-3B of multiple months, corresponding adjustments in FORM GSTR-1 should also preferably be made in the corresponding months. 5. Where the taxpayer has committed an error in submitting (before offsetting and filing) the information in FORM GSTR-3B, a provision for editing 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 departm....
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....nd liability. additional cash, if required (i.e. where sufficient balances are not available in the credit or cash ledgers) may be deposited in the cash ledger by creating challan in FORM GST PMT-06. Company A has four units in Haryana, while filing their return for the month of July, they inadvertently, missed on details of a last minute order. Since, they had already submitted and confirmed their output supply details, they were not sure of how to proceed. What can they do? The company may use the 'edit return facility to add such liability in their submitted return and then proceed for filing of their return. , Company A has four units in Haryana, while filing their return for the month of July, they inadvertently, missed on details of a last minute order. Since, they had already submitted and confirmed their output supply details, but were not sure of how to proceed. They added cash in the cash to the extent of their under reported liability. What they do? can The company may use the 'edit return' facility to add such liability in their submitted return. Further, the company may generat....
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....ption to use the "edit" facility to reduce such liability. Once, this is done, they can partially debit their cash ledger to offset their tax liability. Further, remaining balance can either be claimed as refund or used to offset future liabilities. 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. Liability may be adjusted in return of subsequent month(s) or refund may be claimed where adjustment is not feasible. Company B had reported an inter-State sale but realized that the same sale was counted twice and hence was not to be reported or taxed. But the return form was already filed and no change could be done to reduce the liabilities. What can company B do? In this case, they may reduce this liability in the return of subsequent months or claim refund of | the same. Where the liability was over reported in the month's quarter's FORM GSTR-1 also, then such liability may be amended through amendments under Table 9 of FORM GSTR-1 Page 6 of 11 Stage of Return Filing (GSTR-3B) ....
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.... Also, adjustment may be made in return of subsequent month(s) or refund may be claimed where adjustment is not feasible. Company C was 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. The company paid their wrong liability and filed their return in order to avoid late fee and penalty? What can they do? Since, the return has already been filed, then the company will have to report the inter- State supply in their next month's liability and adjust their wrongly paid intra-State liability in the subsequent months returns or claim refund of the same. Such taxpayers will have to file for amendments by filling Table 9 of the subsequent month's / quarter's FORM GSTR-1. Page 7 of 11 Common Error - IV Stage L 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....
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.... PMT-06 While filing their FORM GSTR 3B for the Company E months of July, 2017, inadvertently, reported their eligible input tax credit, as Rs. 20,00,000/- instead of Rs. 10,00,000/-. What can they do? Since, the company has submitted details of their input tax credit but not used such credit for offsetting their liabilities, they can reduce their input tax credit by using the "edit" facility. While filing their FORM GSTR 3B for the months of July, 2017, Company E inadvertently, reported their eligible input tax credit, as Rs. 20,00,000/- instead of Rs. 10,00,000/-. What can they do? Since, the company has submitted details of their input tax credit but not used such credit for offsetting their liabilities, they can reduce their input tax credit by using the "edit" facility. Since, they have deposited Rs. 10,00,000/- only in their input tax credit ledger they may deposit additional Rs. 10,00,000/- in the cash ledger by creating challan in FORM GST PMT-06. No Action Stage 3 Offset Liability All liabilities were offset by debiting the cash and credit ledger. No action was taken after this step....
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....eturn Filed Return was filed. Pay(through cash) / Reverse any wrongly reported input tax credit in return of 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 months of July, 2017, Company E inadvertently, reported their Central Tax credit of Rs. 20,00,000/- as Integrated tax credit. In order to avoid late fee and penalties, they paid Rs. 20,00,000/- Central Tax in cash and did not utilize their Integrated tax credit. What they do? Since, the company has filed the returns and there is an unutilized Integrated tax credit of Rs. 20,00,000/- which was inadmissible to them, they will have to pay / reverse such credit in the return of subsequent month(s). Further, Central Tax credit of Rs. 20,00,000/- can be availed in return of subsequent month(s). Change in FORM GSTR-1 Page 10 of 11 Common Error - VII Cash ledger wrongly updated Stage 1 Confirmed Submission Stage of Return Filing (GSTR - 3B) Stage 2 Cash Ledger Updated Return liabilities / Input tax credit availed Cas....