TaxTMI 
TaxTMI 
TaxTMI 
Filing of Return under GST.
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....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 GSTR-3B GSTR-1 Jul-Sep 2017 Up to 1.5 Crore January 2018 10 February 2018 20 Dec 3B 10 15 20 Jan 3B March 2018 10 20 10 Feb 3B April 2018 20 Mar 3B 30 May 2018 10 Apr 3B Oct-Dec 2017 Jan-Mar 2017 Greater than GSTR-3B Dec 3B 1.5 Crore GSTR-1 July to Nov 2017 Dec 2017 Jan 3B Feb 38 Mar 3B Apr 3B Jan 2018 Feb 2018 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. 35/2017- Central Tax (referred to as "CT' hereinafter) dated 15th September, 2017 and 56/2017-CT dated 15th November 2017. Further, Notification No. 71/2017-CT and Notification No. 72/2017 - CT both dated 29th December Page 1 of 12 2017 (superseding Notification No. 57/2017-CT and 58/2017-CT both dated 15th November 2017) and Notification No. CCT Notification No. 9/2017, dated 15.9.2017 [Rc.085/2016/Taxation A1], CCT Notification No.15/2017, dated 15.11.2017 [Rc.085/2016/Taxation A1....
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.... the same month. Further, in the said circular, it was clarified that the system will automatically reconcile the data submitted in FORM GSTR-3B with FORM GSTR-1 and FORM GSTR-2, and the variations if any will either be offset against output tax liability or added to the output tax liability of the subsequent months of the registered person. 3.2 Since, the GST Council has decided that the time period of filing of FORM GSTR-2 and FORM GSTR -3 for the month of July 2017 to March 2018 would be worked out by a Committee of officers, the system based reconciliation prescribed under Circular No. 7/7/2017-GST dated 1st September 2017 can only be operationalized after the relevant notification is issued. The said circular is therefore kept in abeyance till such time. 3.3 The common errors while submitting FORM GSTR-3B and the steps needed to be taken to rectify the same are provided in the table annexed herewith. The registered person needs to decide at which stage of filing of FORM GSTR-3B he is currently at and also the error committed by him. The corresponding column in the table provides the steps to be followed by him to rectify such error. 4. It is clarified that a....
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....luding Enforcement. Copy to all Heads of Assessment Circles. //Forwarded by order // Assistant Commissioner (ST) Taxation Page 5 of 12 Common Error-I Liability was under reported Stage 1 Confirmed Submission Return liabilities / Input tax credit availed confirmed and submitted and therefore no change can be done to the liability. No action was taken after this step. were 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 add under reported Use "Edit" facility to add such liability and 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 ....
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....the return liability. No action was taken after this step. Use "Edit" facility to reduce over reported 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 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 submitted and no change could be done to reduce the liabilities. Further, the company had already deposited cash in their cash ledger before realizing this error. What can company B do? In this case, Company B has the option 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. All Stage 3 Offset Liability 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 ....
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.... 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. No action was taken after this step. Stage 4 Return Filed Return was filed. Unreported liability may be added in the next month's return with interest, if applicable. 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 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. can Change....
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.... 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 reported input tax credit deposited in the cash ledger by creating challan in FORM GST PMT-06 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. 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. 10,0....