TaxTMI 
TaxTMI 
Filing of Returns under GST
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.... format for ease of understanding as under: Oct-Dec Jan-Mar Return Filing Dates January 2018 10 March 2018 Upto 1.5 GSTR-3B crore 20 Dec 3B 10 15 20 10 20 10 Sapont 2018 20 May 2018 30 10 390 Beb Mar Apr 3B GSTR-I Jul-Sep 2017 2017 Greater thun 1.5 GSTR 38 Dec 3B crore GSTR-1 Jul-Nov 2017 2017 2018 2018 _ _ __Feb Mar 2018 CASSIONER OF COMMERCIAL T OF COA, 1 1.2 1.3 1.4 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. CCT/26- 2/2017-18/12 dated 18th September, 2017 and CCT/26-2/2017-18/21 dated 15th November, 2017. Further, Notification No. 38/1/2017- Fin (R&C) (37) /324 dated 12th January, 2018, published in Extraordinary Official Gazette, Series I No. 41 dated 16th January, 2018 and Notification No. CCT/26-2/2017-18/28 dated 02/01/2018 published in Official Gazette. Series II No. 40 dated 04th January, 2018. (superseding Notification No. 38/1/2017-Fin(R&C) (31) dated 23rd November, 2017, published in Extraordinary Official Gazet....
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.... 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 Goa GST Act, 2017. 2.Applicability and quantum of late fee: 2.1 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. 38/1/2017-Fin(R&C)(14)/2406 dated 21st September 2017 and 38/1/2017- Fin(R&C)(27)/3678 dated 08th November, 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 "NILâ€, will be Rs. 20/- per day (Rs. 10/- per day each under CGST & Goa GST Acts) instead of Rs. 200/- per day (Rs. 100/- per day each under CGST & Goa GST Acts). For other taxpayers, whose tax liability for that month was not "NILâ€, late fee payable will be Rs. 50/- p....
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....x 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 GSTR3B 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. TAXES COMMISSIONER OF COMMERCIAL GOVT. OF GOA, PANAJI-GOA 4 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 department's system with the information fur....
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....hey added cash in the cash to the extent of their under reported liability. What can they do? The company may use the,,edit return" facility to add such liability in their submitted return. Further, the company may generate a fresh challan under FORM GST PMT-06 to additional cash or utilize their credit and furnish their return. 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 added in the return of subsequent month(s) after payment of interest. 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. The Company had filed their returns in order to not pay late fee and other penalties. What can they do? In this case, they may report this additional liability in the return of next month and pay tax with interest. If such liability was not reported in FORM GSTR-1 of the month/quarter, then such liability may be declared in the subsequent month's/quarter's FORM GSTR-1 i....
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....xed. 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. Change in FORM GSTR-1 OP COMMERCIAL 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 TAKES 7 Common Error - III Liability was wrongly reported Change in FORM GSTR-1 Stage 1 Confirmed submission Stage of Return Filing (GSTR - 3B) Stage2 Cash ledger updated Cash was added to the electronic cash ledger as per the return liability. No action was taken after this step 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. Use "Edit" facility to rectify wrongly reported Use "Edit" facility to rectify wrongly liability. reported liability and cash ledger may be debited to offset new liability, where sufficient balances are not ava....
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....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. TAXES COMMISSIONER OF COMMERCIAL GOVT. OF GOA AVAJAGO 00 8 Common Error IV Input Tax credit was under reported Change in Stage 1 Confirmed submission Stage of Return Filing (GSTR-3B) 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. Use 'Edit" facility to add un-availed input tax credit. Input tax Credit will be added to the credit ledger and may be used for offsetting this month or subsequent month's liability. 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. All Stage 3 Offset Liability Stage 4 Return Filed liabilities were Return offset by debiting the filed. cash and credit ledger. No action was taken after this step. was No Action required in cash....
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....facility. 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. Stage 4 Return Filed Return was filed. Pay (through cash) / Reverse such over reported input tax credit with interest in return of subsequent month (s). 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/-. Company E also utilized their additional input tax credit and filed their returns. What can they do? Since, the company had utilized ineligible credit to offset such liab....