GSTR 3B | Questions & Answers | FAQ
GSTR 3B has become the most talked about topic for the various taxpayers & tax consultants these days due to mandatory implementation of Goods & Service Tax popularly known as GST. In this regard every taxpayer has so many question in his mind regarding filing of this GSTR 3B. So we have tried to answer all of them in a very interesting way of conversation between our two newly recruited fictional character – Aman Kejriwal and Ayush Modi. So here is the conversation between the two regarding GSTR 3B.
Frequently Asked Questions on GSTR 3B
Kejriwal Sir: Why am I supposed to fill GSTR-3B?
Modi Ji: GSTR-3B is to be filed in lieu of GSTR-3. Here it has been notified as of now that GTSR-3B has to be filed for the month of JUL & AUG. GSTR-3B has to be most probably filed in those cases where GSTR3 cannot be filed.
Kejriwal Sir: In the previous answer it is mentioned GSTR-3B has to be filed where GSTR-3 cannot be filed, what does that mean?
Modi Ji: For the months of JUL & AUG, GSTR-1 & GSTR-2 are not to be filed within the originally prescribed time and thus GSTR-3 will not be formed because it is the auto-populated form and thus GSTR-3B comes into scenario.
Kejriwal Sir: In what manner data has to be provided in GSTR-3B?
Modi Ji: Data in GSTR-3B has to be provided in a consolidated manner i.e. the consolidated amount in respect of information asked has to be furnished. Invoice wise information has not to be furnished. So, taxpayer will be required to consolidate their sales and purchase data for the month for the purpose of filing GSTR-3B.
Kejriwal Sir: Is GSTR-3B the only return which has to be filed for the month of July and August?
Modi Ji – No, GSTR-1, GSTR-2 and GSTR-3 for the month of JUL & AUG are to be filed in SEP. GSTR-3B is the consolidated return form being filed for temporary purpose and proper returns has to be filed for both the months.
Kejriwal Sir: There is no field for credit note, debit note, advances received etc. then how the data regarding that has to be filled?
Modi Ji: In GSTR-3B data has to be filed as net amount i.e. 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. So, suppose if any invoice is issued and further in respect of that invoice other documents like Credit Note, Debit Note, Etc. are issued then the impact of those further issued documents has to be adjusted against the amount of invoice and net amount has to be uploaded.
Kejriwal Sir: There is amendment in any invoice, how will it be shown?
Modi Ji: As per instruction in regard to GSTR-3B any amendment in invoice issued has to be adjusted against the invoice amount and the net adjusted amount has to be shown and no amendment will be shown separately.
Kejriwal Sir: How can I file GSTR-3B?
Modi Ji: GSTR-3B can be filed by logging-on to GSTN common portal and now you can also file the same through ASP/GSP if you have availed that service for your organization.
Kejriwal Sir: If I missed due date, Whether the penalty of Rs.100/- per day or maximum upto Rs.5,000/- will be levied?
Modi Ji: Earlier there had been a press note for non-levy of any penalty but this has not notified yet.