Changes have been made to the GSTR – 3B, a set of question are being asked to the taxpayer to select “Yer” or “No” based on that the relevant tables in GSTR – 3B will be populated. This is applicable for the taxpayers filing returns online.
The following are the questions asked
Please answer the following questions to enable us to show relevant sections
Indicates Mandatory Fields
|A. Do you want to file Nil return?
Note:Nil return can be filed by you if you have not made any outward supply (commonly known as sale) AND have NOT received (commonly known as purchase) any goods/services AND do not have any tax liability.
|B. Have you made any supply of goods/services (including nil rated, exempt and non-GST supplies) or received any supplies liable to reverse charge during this tax period? (Table 3.1)||YesNO|
|C. Have you made any inter-state supplies to unregistered persons, composition taxable persons or UIN holders? (Table 3.2)||YesNO|
|D. Do you have any claim/reversal of Input tax credit(ITC) on purchase of goods or receipt of services ? (Table 4)||YesNO|
|E. Have you received any nil rated, exempt or non-GST supplies during this tax period? (Table 5)||YesNO|
|F. Do you have any interest or late fee (including carry forward late-fee) liability? (Table 5.1)||YesNO|
|G. Do you have any tax liability due to GST TRAN-1?(System-populated) (Table 6)||YesNO|
This is basically to ensure that the small time taxpayers do not get confused and make return filing simple. Also, the department wants to confirm from the taxpayers for the above questions and raise queries in future if required. Everyone one has to be careful while filing the returns.
The best suggest method is to have the Trail Balance ready on monthly and basis on that prepare the data for the GST returns, this will ensure that there will not be any mismatches between the GSTR – 3B data and the other monthly returns. This process will bring in a discipline to the taxpayers as well as to the professionals and assist in the filing of returns without any mistakes.
As per Section 171 of the CGST Act, any reduction in the tax rate or additional benefit of the input tax credit has to be passed to the recipient under Anti-Profiteering.
Under Margin Scheme in GST, the tax is payable on the difference between the buying price and the selling price. This is applicable to a person who is buying and selling second-hand goods.
As per Rule 138 of the CGST Rules, the taxpayer who is sending the goods for job work, to a job worker outside the state, has to issue an E-waybill even if the goods being sent is of value less than Rs 50,000.
As per Notification No 65/2017 – Central Tax, an electronic commerce operator who is supplying services under section 9, sub-section 5 and having a turnover is not above Rs 25 Lacs in a financial year at all India basis is exempted from taking registration under GST.
As per Notification No 64/2017 – Central Tax, the late fee for per day for filing of GSTR – 3B is Rs 25 in case of return where the taxpayer has to pay tax and Rs 10 per day in cases where the taxpayer has to file Nil return.