Gstr 3b return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 November 2017 Dear All,

Whether filing of GSTR 3B is Compulsory on month basis to the person filing quaterly GSTR 1 return from oct-17 onwards

B Vinay Reddy

B Vinay Reddy (Expert)
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03 November 2017 As per the Press Release by GST Council on 22nd Meeting. Taxpayers needs to file GSTR 3B on Monthly basis till December,2017

B Vinay Reddy

B Vinay Reddy (Expert)
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03 November 2017 Below is the extract from PRESS RELEASE for your reference

B Vinay Reddy

B Vinay Reddy (Expert)
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03 November 2017 5. To facilitate the ease of payment and return filing for small and medium businesses with annual aggregate turnover up to Rs. 1.5 crores, it has been decided that such taxpayers shall be required to file quarterly returns in FORM GSTR-1,2 & 3 and pay taxes only on a quarterly basis, starting from the third quarter of this financial year i.e. October-December, 2017. The registered buyers from such small taxpayers would be eligible to avail ITC on a monthly basis. The due dates for filing the quarterly returns for such taxpayers shall be announced in due course. Meanwhile, all taxpayers will be required to file FORM GSTR-3B on a monthly basis till December, 2017. All taxpayers are also required to file FORM GSTR-1, 2 & 3 for the months of July, August and September, 2017. Due dates for filing the returns for the month of July, 2017 have already been announced. The due dates for the months of August and September, 2017 will be announced in due course.