Gstr 3b-two queries

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Ramachandran S

Chartered Accountant

717 Points Joined August 2017

1.As per a member of the Forum, if there is ITC balance, we have to compulsorily use the ITC first (subject to applicable rules) and then only cash balance. Otherwise, error message will come in GSTR-3B filing process. Is it true?

2. So far I have never entered any ITC in GSTR-3B. My suppliers are very lethargic in GSTR-1 filing. Now, one supplier (Airtel) has submitted but not filed GSTR-1 and that too upto October only whereas BSNL has not even uploaded bills from August onwards. Now, should I enter ITC for all inward bills upto Nov 2017 in GSTR-3B for December 2017? If so, will the Dept question on excess amount of ITC credit in December (since the suppliers will show the bills in periods upto November whereas I enter in GSTR-3B in December only)? Can I rely on Circular No 26/26/2017-GST dated 29 December 2017 on Filing of Returns under GST wherein it is stated inter alia that if there is underreporting of input credit in GSTR-3B for a particular month which is also filed, the short-fall can be added in GSTR-3B for subsequent months?

Thanks.

Replies (10)

Saptarshi Chanda

101 Points Joined March 2017

for point
1 its true for cgst set off. for sgst u can utilize partial itc if u wish.

Saptarshi Chanda

101 Points Joined March 2017

for point no 2
u just file ur own gstr 1 and claim itc as per purchase recd by u provided u hv the actual bills. u can tk overlooked itc in subsequent months. its no prob.

Saptarshi Chanda

101 Points Joined March 2017

at present u can only claim itc if u filed both gstr 1 and 3b. as of today gstr2 is deffered to whatever date govt seem fit.

Ramachandran S

Chartered Accountant

717 Points Joined August 2017

@ Saptarshi Chanda

Thanks for the reply.

Shankar Sharma

510 Points Joined September 2016

@ Mr.Chanda I had suggested about using ITC before paying from cash ledger. Thanks for your clarification. I stand corrected.

Ramachandran S

Chartered Accountant

717 Points Joined August 2017

@ Mr. Saptarshi Chanda,

Sir, I file GSTR-1 on a quarterly basis but should file GSTR-3B on a monthly basis. This means for the first two months of a quarter, I will claim ITC credit through GSTR-3b though GSTR-1 will be filed later on i.e. after the end of the quarter. Is it O.K?

Shankar Sharma

510 Points Joined September 2016

@ Mr. Ramachandran, Why not claim all ITC in 3b as per purchase bills you have? In fact I keep looking at GSTR2 A often and claim ITC for the bills missed out by me, mostly for bank charges, including bills of earlier months. You can claim ITC anytime before filing annual return.

Ramachandran S

Chartered Accountant

717 Points Joined August 2017

@ Shankar Sharma

Sir, only now Airtel bills are appearing in GSTR-2A. Upto previous month, they have not uploaded anything. BSNL is not uploading a single bill.

Just want to know one more thing. My bank has filed GSTR-1 but the bill is appearing only in my GSTR-2A and not GSTR-2. Though GSTR-2 is not activiated now, at least the bill should appear in GSTR-2 because GSTR-1 has been filed. Why it not appearing in GSTR-2 is not clear.

Shankar Sharma

510 Points Joined September 2016

@ Mr.Ramachandran, am also not clear. But you can upload yourself as missing invoices when GSTR2 becomes active. Let's cross the bridge when we come to it. Till then keep claiming ITC thru GSTR3B. as per your purchases.