Gst 1 & gstr 3
This query is : Resolved
VIDYASHREE VIDYA
(Querist)
09 September 2019
Hi Experts,
Please let me know whether we required to file GST 1 & GSTR3 for both 2017-18 & 2018-19 Financial Years?
We have been opted for quarterly basis in 2017-18 but in 2018-19 monthly returns have been opted.
Exactly I wanted to know what is the difference in filing GST1 & GSTR3?
Please let me know whether we required to file GST 1 & GSTR3 for both 2017-18 & 2018-19 Financial Years?
We have been opted for quarterly basis in 2017-18 but in 2018-19 monthly returns have been opted.
Exactly I wanted to know what is the difference in filing GST1 & GSTR3?
CA R SEETHARAMAN
(Expert)
09 September 2019
Yes both return GSTR 1 and GSTR 3b has to be filed for both the years. GSTR 1 enables our buyers to claim ITC. GSTR 3b enables tax payment and availing ITC.
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Karim N Shaikh
(Expert)
10 September 2019
GSTR 1 : DETAILED REPORTING OF SALE MADE DURING THE MONTH (IF FILE MONTHLY ) OR QUARTERLY ( IF FILE QUARTERLY). GSTR-1 ( MONTHLY OR QUARTERLY ) WILL BE DEPEND ON THE ANNUAL AGGREGATE TURNOVER OF PREVIOUS YEAR.
GSTR 3 : SAME IS SUSPENDED FOR FURTHER PERIOD. IT IS SUMMARY OF SALES( GSTR 1) AND PURCHASE ( GSTR 2).THIS RETURN IS AUTO GENERATED FROM GSTR 1 & GSTR 2 ( SUSPENDED)
GSTR 3B : IT IS SUMMARY OF SALES & PURCHASE , BUT NOT AUTO POPULATED , NEED TO FILED MONTHLY TO EVERY PERSON. GSTR 3B IS NOT AN ACTUAL RETURN IS FILING GAP BETWEEN GSTR 1 AND GSTR3.
HOPE YOU UNDERSTAND
GSTR 3 : SAME IS SUSPENDED FOR FURTHER PERIOD. IT IS SUMMARY OF SALES( GSTR 1) AND PURCHASE ( GSTR 2).THIS RETURN IS AUTO GENERATED FROM GSTR 1 & GSTR 2 ( SUSPENDED)
GSTR 3B : IT IS SUMMARY OF SALES & PURCHASE , BUT NOT AUTO POPULATED , NEED TO FILED MONTHLY TO EVERY PERSON. GSTR 3B IS NOT AN ACTUAL RETURN IS FILING GAP BETWEEN GSTR 1 AND GSTR3.
HOPE YOU UNDERSTAND
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Karim N Shaikh
(Expert)
10 September 2019
YES
GSTR 1 ( MONTHLY OR QUARTERLY)
AND
GSTR 3B ( MONTHLY ) IRRESPECTIVE OF ANNUAL TURNOVER
FOR FY 2017-18 AND 2018-19
GSTR 1 ( MONTHLY OR QUARTERLY)
AND
GSTR 3B ( MONTHLY ) IRRESPECTIVE OF ANNUAL TURNOVER
FOR FY 2017-18 AND 2018-19
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