Form GSTR-3B happens to be made the soul of this GST Act, 2017 Notification that is vide no.56/2017-Central, dt. 15-11-2017 that seeks to mandate the furnishing of return in FORM GSTR-3B till March, 2018. So, it becomes important to correctly file GSTR Form-3B.
Vide Circular No. 07/2017 dated 01-09-2017 the procedure that is detailed reconciliation of data furnished in FORM GSTR-3 and FORM GSTR-3B was explained.
The inward supplies shall be auto drafted for all registered persons and made available to them in FORM GSTR-2A after the registered person has filed his return in FORM GSTR-3B and the statement of outward supplies in FORM GSTR-1. Based on the details communicated in FORM GSTR-2A, the person that is registered prepare the statement of inward materials in FORM GSTR-2.
If the registered individual intends to amend any details furnished in FORM GSTR- 3B, it may possibly be done within the FORM GSTR-1 or GSTR-2 that is FORM.
The common portal shall auto-draft Part-A of the return in FORM GSTR-3 for the said month based on the information furnished in FORM GSTR-1 and FORM GSTR-2 after the registered person has furnished the statement of inward supplies in FORM GSTR-2 by the extended date. On the basis of the revised figures of output income tax liability and input that is eligible credit, dining Table 12 of role B of TYPE GSTR-3 shall be offered. Continue reading