Understanding Nature of Supplies

Transcription

1 GSTR-3B GSTR-3B is an Interim return made for filing the consolidated values of outward & inward supplies on self-declaration basis for the month of July and August and the tax would be payable based on a simple return containing summary of outward and inward supplies which will be submitted before 20th of August and 20th of September respectively. You need to record each & every transaction for future reference. Click on Return in the menu bar after that click on GSTR-3B, a new panel will be opened where Client, Fill Form tabs are Situated at the top of the Window. User has to First Select the client from Grid.

2 Click on the Fill Form tab then a new panel will be opened where Outward Supplies and Inward Supplies tab is selected. Outward supplies are goods sold/supplied or services provided within India. Inward supplies are certain notified services and goods for which tax will be paid by the buyer of goods or receiver of services. Understanding Nature of Supplies Outward taxable supplies (other than zero rated, nil rated and exempted): Outward taxable supplies (zero rated): Enter the details of taxable value and tax payable on supplies made to SEZ and All exports (both on bond and without bond) i.e. IGST or cess in the respective column on services provided or goods sold/supplied. Other outward supplies (Nil rated, exempted): Enter the details of value of services provided or goods sold/supplied which are exempt under GST or where the rate of tax notified is NIL or 0 %. Inward supplies (liable to reverse charge): If you have purchased any goods or received any services from Registered or Unregistered person for whom reverse charge is applicable, i.e. where the onus of payment of tax falls on the receiver enter the taxable value and tax paid their on. Non GST outward supplies: Enter the details of taxable value on services provided or goods sold/supplied which do not fall under the ambit of GST or on which GST is not applicable for Eg- Petrol, Diesel & Alcohol for human consumption.

3 After entering all the relevant details click on save button. We have provided 'Upload data' facility for client convenience when client click on upload data button then all the data is uploaded on the site.

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5 Inter State Supplies- made to unregistered persons, composition taxable persons and UIN holders: Supplies made to Unregistered Persons: Unregistered persons are the ones who do not have a GST registration and the Supplies made to Unregistered person statewise will be entered here. Supplies made to Composition Taxable Persons: Composition Taxable Persons are the ones who are liable to pay tax under the composition scheme. Supplies made to UIN holders: The following are granted a UIN:- Any other person or classes of person notified by the Commissioner who shall be liable to obtain Unique Identification Number. Supply made to specialized foreign embassies. Certain Institution prescribed by the government. One should keep in mind that the total of amount of integrated tax should not exceed the amount mention in the Integrated tax in S. No.1 in Outward supplies and Inward supplies.

6 Firstly client has to Click on New button. We have provided 'Upload data' facility for client convenience when client click on upload data button then all the data is uploaded on the site.

7 After that Select particulars and place of supply from drop down list & click on save button to Add the new records.

8 Eligible ITC(A) ITC Available (whether in full or part): Import of goods: tax paid on purchase of goods or capital goods received from outside India and used only for business purposes will be available as an input tax credit. Import of services: tax paid on receipt of services from outside India and used only for business purposes will be available as an input tax credit. Inward supplies liable to reverse charge: If you have purchased any goods or received any services which are liable to reverse charge, i.e. where the onus of payment of tax falls on the receiver, tax paid will be provided as an input tax credit in the subsequent month. Inward supplies from ISD: ISD stands for Input Service Distributor. In case a business has multiple units and is supplying goods or services from all such units, the input service distributor will allot input tax credit to each such unit. All other ITC: Any other credit as may be applicable and not mentioned above. (B) ITC reversed: If ITC claimed in above part (4(A)) and if input is used for making exempt & Non Business Outward Supply then it will be go to ITC reversed. As per rules 42 & 43 of CGST Rules: Rule 42 pertains to the manner of determination of input tax credit in respect of inputs or input services and reversal thereof. Rule 43 pertains to the manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases. Others: Any other credit that needs to be reversed. (C)Net ITC Available (A) (B): This is the difference between A and B calculated above. (D) Ineligible ITC: As per section 17(5): ITC based on negative list items will be covered under here. Others: Any other credit that may be ineligible that you know from the very beginning. Integrated tax, Central tax, State / UT tax, Cess Same as we discuss earlier

9 After entering all the relevant details click on save button. We have provided 'Upload data' facility for client convenience when client click on upload data button then all the data is uploaded on the site.

10 Nil Rated Supply-details of exempt, nil rated, non- GST goods purchased or services received will be provided. From a supplier under composition scheme, Exempt and Nil rated supply: Value of goods purchased from a supplier to whom the composition scheme is applicable will be mentioned here. Further, purchase of goods or receipt of services which are exempt from tax or where the tax payable is NIL. Non GST supply: Value of goods purchased or services received which do not fall under the ambit of GST for Eg- Petroleum products, Alcohol for human consumption. Inter - State supplies: The total value of goods purchased or services received, which fall in the above category, within India from outside the state need to be provided. Intra - State supplies: The total value of goods purchased or services received, which fall in the above category within India, within the state need to be provided.

11 After entering all the relevant details click on save button. We have provided 'Upload data' facility for client convenience when client click on upload data button then all the data is uploaded on the site.

12 Payment of Tax-details of net tax payable after deducting the input tax credit will be provided. If you want to set-off your liability then move to payment of tax tab. Here your created liability is shown in the tax payable column for both other than reverse charge (Sum of S-No 1 and 2 of IGST, CGST, SGST and Cess in the outward and inward supplies tab), reverse charge(s-no 4 of IGST, CGST, SGST, and Cess in the outward and inward supplies tab. If you want to also set off your current ITC then you have to enter or get your eligibility ITC Tax. If you want to get the cash & credit balance from the GST site then click on Get Balance Button. If you want to check opening balance of this particular month and also validate input data with available balance & current ITC then check the check online balance. If you check the check online balance then you cannot enter the greater amount from total ITC or available Balance. Now you can check your Set-off liability in total tax and your total balance (Closing balance of the month in total balance row). If you did not set your whole liability then liability amount is shown in balance column. To auto adjust the liability of IGST, CGST, SGST and Cess simply click on auto fill checkbox. It will auto input the liability amount of all Tax adjusted by Total ITC (Current ITC + Credit Balance) and Cash balance.

13 Upload Data You can cross check entered data in 3.1, 3.2, 4, 5, 5.1. To upload the data in GSTN site click on generate button to create a JSON file for all tab (Outward supplies and inward supplies, Inter-state supplies, Eligibility ITC, Inward supplies, Payment of Tax). To upload the data on the GSTN site click on select all checkbox or manually select the particular checkbox from the right panel and click on Upload button.

14 GET To import the data from the GSTN site click on Get Button. Then a pop up window will be opened where user has to enter the User name password and captcha and click on Process button. After the processing a message box will be opened if you want to override the data just click on yes button.

15 Generate Blank 3B Click on Generate the Blank Excel file for manually enter the data for all tab(outward supplies and inward supplies, Inter-state supplies, Eligibility ITC, Inward supplies, Payment of Tax). Import from 3B Template To import the data from the excel template file just click on import from 3B Template.

16 E-Payment We have provided a facility to create a challan through our software if you want to create a challan for pending Liability then you need to click on E-Payment button. Note:- If you have no pending liability and you clicked on E-Payment button then it will display a pop up message which indicate that you have no Pending liability for this period as shown below.

17 If you have a pending liability and you clicked on E-Payment then a window will be opened where you can see the challan amount. After that you need to select the mode i.e. over the counter, NEFT/RTGS, E-Payment. For E.g.: - We have selected E-Payment mode to create a challan for pending liability. Then you need to click on save button to save the challan.

18 After that Generate Challan Button will be visible. When user click on Generate Challan button then a pop up message will appear which ask you to generate the challan if you want to generate the challan just click on Yes button. When user click on Yes button then an upload data window will be appeared, where you need to click on upload data button then it will start the process for creating the challan.

19 Then captcha window will be appear where you just need to enter the captcha and click on yes button. After then GSTN portal will be appear in the browser where you can see the enteries. Note:- Browser is opened only for viewing purpose you did not need to mannually update any details.