ITC in GSTR-3B
Kunal Pansari (Accountant) (1037 Points)
17 August 2017
Can we claim ITC of VAT Return of June Quarter in GSTR-3B?
Kunal Pansari (Accountant) (1037 Points)
17 August 2017
Sandesh Shet
(student)
(202 Points)
Replied 17 August 2017
sonu
(sr. accountant)
(27 Points)
Replied 17 August 2017
hi friends can we are ITC of june claim in july GSTR3B i am working in metals lines and recevied a mail form metals recycling association of india and he said claim in GSTR 3B please tell me
Metal Recycling Association of India
Voice of the Indian Recycling Industry
Dear Member,
Many MRAI Members had doubt in their mind regarding how to take credit of closing balance of Excise/ VAT as on 30.06.2017 under Goods and Service Tax?
Please note that the closing balances of credit of excise / VAT as on 30.06.2017 should to be claimed through form GST TRAN 1, however, the same has not yet been uploaded on the GSTN site. Accordingly, one of the Members of MRAI enquired with the Finance Ministry through twitter about the same on 08.08.2017.
In response to the query, the response received was that the above claim can be made through column no. 5 (‘All other ITC’) of table relating to ‘Eligible ITC credit’ in the form GSTR 3B.
Please keep in mind that form GST TRAN 1 will still be required to be filed as and when the same is available on the GSTN portal.
6 days to go for GSTR 3B filing for July 2017. Detailed guide on how to file return.
You must be aware by now that last date for filing of GSTR-3B return for the month of July, 2017, is 20th August. Format of the return can be downloaded from here – GSTR 3B.
This return is summary of outward supplies, inward supplies carried out during the month of July 2017. While government had delayed regular compliance (i.e. GSTR 1, 2 and 3) by sometime, this return has been prescribed to be filled by tax payers.
Please note that there is no offline utility and it needs to be filled online. Detailed step by step procedure and guidelines can be downloaded from here – GSTR 3B Return filing procedure.
After you file this return by 20th August, the next compliance in line is filing of GSTR 1 for July (to be filed between 1st-5th September) and GSTR 2 (to be filed between 6th-10th SEPTEMBER)
The above information is for your reference and necessary action.
Thanks & regards,
Metal Recycling Association of India
211-212, MIDAS’, Sahar Plaza,
Kondivita, Mathuradas Vassanji Road,
Andheri (East), Mumbai – 400 069
Vinay Garg
(Student cum businessman cum professional)
(859 Points)
Replied 17 August 2017
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