Rule 61 of Goods and Services Tax Rules, 2017 provides the form and manner of submission of monthly return.  Rule 61(5) provides that where the time limit for furnishing of details in Form GSTR -1 under section 37 and in Form GSTR – 2 under section 38 has been extended and the circumstances so warrant, return in Form GSTR – 3B in lieu of Form GSTR – 3, may be furnished in such manner and subject to such conditions as may be notified by the Commissioner. 

The time limit for furnishing the monthly returns for the month of July and August has been extended by the Central Government.   The Central Government amended the Rules vide Notification No. 17/2017-Central tax, dated 27.07.2017. 

Clause 2(v) of the Fourth Amendment Rule proposed to substitute Rule 61(5).  As per the amendment Rule 61(5)provides that where the time limit for furnishing of details in Form GSTR – 1 under section 37 and in Form GSTR – 2under section 38 has been extended and the circumstances so warrant, the Commissioner may, by notification, specify that return shall be furnished in Form GSTR – 3B electronically through the common portal, either directly or through a Facilitation Centre notified by the Commissioner.

Rule 61(5) provides that where a return in Form GSTR – 3B has been furnished, after the due date for furnishing of details in Form GSTR – 2-

• Part A of the return in Form GSTR – 3 shall be electronically generated on the basis of information furnished through Form GSTR – 1, Form GSTR – 2 and based on other liabilities of preceding tax periods and Part B of the said return shall be electronically generated on the basis of the return in Form GSTR – 3B furnished in respect of the tax period;
• The registered person shall modify Part B of the return in Form GSTR – 3 based on the discrepancies, if any, between the return in Form GSTR – 3B and the return in Form GSTR – 3 and discharge his tax liabilities, if any;
• Where the amount of input tax credit in Form GSTR – 3 exceeds the amount of input tax credit in terms of Form GSTR – 3B, the additional amount shall be credited to the electronic credit ledger of the registered person.

Due date

Vide Notification No. 21/2017-Central Tax, dated 08.08.2017 the Commissioner, on the recommendations of the Council specified the due date for filing GSTR – 3B return for July 2017 and August 2017 as detailed below-

• July 2017- due date 20.08.2017;
• August 2017 – Due date 20.09.2017.

The GSTN made GSTR – 3B return in the portal with effect from 05.08.2017.

Details to be furnished

The following details are to be furnished in Form GSTR – 3B-

• GSTIN;
• Legal name of the registered person;
• Year and month for which the return is to be filed;
• Details of outward supplies and inward supplies liable to reverse charge-

• Nature of supplies-

• Outward taxable supplies (other than zero rated, nil rated and exempted);
• Outward taxable supplies (zero rated);
• Other outward supplies (Nil rates, exempted);
• Inward supplies (liable to reverse charge);
• Non-GST outward supplies;

• Total taxable value;
• Integrated tax;
• Central tax;
• State/UT Tax;
• Cess;

• Of the supplies shown above, details of inter-State supplies made to unregistered person-

• Supplies made to unregistered persons;
• Supplies made to Composition taxable persons;
• Supplies made to UIN holders;
• Place of supply (State/UT);
• Total taxable value;
• Amount of Integrated tax;

• Eligible Input tax credit

• Details

(A) ITC available (whether in full or part)-

• Import of goods;
• Import of services;
• Inward supplies liable to reverse charge (other than the above two);
• Inward supplies from ISD;
• All other ITC;

(B) ITC Reversed-

• As per Rules 42 & 43 of GST Rules;
• Others

(C) Net ITC Available (A) – (B)

(D) Ineligible ITC

• As per section 17(5);
• Others

• Values of exempt, nil rated and non-GST inward supplies-

• Nature of supplies-

• From a supplier under composition scheme, exempt and nil rated supply – Value of inter-State supplies and Value of Intra-State supplies are to be furnished;
• Non GST supply – value of inter-State supplies and Value of Intra-State supplies are to be furnished.

• Payment of tax- The following details are to be furnished in respect of Integrated tax, Central tax, State/UT Tax and Cess-

• Tax payable;
• Paid through ITC-

• Integrated tax;
• Central tax;
• State/UT tax;
• Cess

• Tax paid by TDS/TCS;
• Tax/Cess paid in cash;
• Interest;
• Late fee, if any

• TDS/TCS credit – Details of credit in respect of integrated tax, central tax and state/UT tax for TCS and TDS are to be furnished.

The return should be verified by the Authorized signatory.

Note

• Individual entry of all bills is not required;
• Filing of this form is mandatory;
• It is not mandatory for the person who opts for composition levy;
• The value of taxable supplies is to be calculated as below-

A = X + Y – Z + AR – AA

Where A = Value of taxable supplies;

            X = Value of invoices;

            Y = Value of debit notes;

            Z = Value of credit notes;

            AR =  Value of advances received for which invoices have not been issued in the same month;

            AA = Value of advances adjusted against invoices;

• Details of advances as well as adjustment of same against invoices to be adjusted and not shown separately;
• Amendment in any details to be adjusted and not shown separately;
• This return is to be filed only for July 2017 and August 2017.