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Gstr3b for contractors

Thillai Natarajan (Tax practitioner) (75 Points)

22 October 2017

Hi,

I have to file GSTR3B for my client.He is a contractor who receives work contract from company.He got money and tax amount for the work from the company after completing the work.

He completed the work for August month and raised invoice for the month,But he got the Amount yesterday only.How to file GST3B for the august month.

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7 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 22 October 2017

on the basis of invoices raised for the m/o aug 2017 after confirm the payments from parties

Thillai Natarajan (Tax practitioner) (75 Points)
Replied 22 October 2017

Since the payment is recieved yesterday, If i filed aug GST3RB i will be liable to pay tax before receving the payment from the company.

Now i have to file for AUG and Sep with the late fee of 6400Rs along with the tax.

How can i rectify it for coming months.!!!

Narsimha Reddy (21 Points)
Replied 22 October 2017

Work completed in August month, Invoice raised in September month, even amount received in this month only, they need to pay Gst amount before 20th October, if not paid pay with interest.

Thillai Natarajan (Tax practitioner) (75 Points)
Replied 22 October 2017

Company paid the tax amount after the due date only.

How can i pay the tax amount before??. Is RCM applicable to me.

Narsimha Reddy (21 Points)
Replied 22 October 2017

Payment terms will be between contractor and company, but as per GST terms after completion of service we need raise invoice before 30 days. and need to pay the GST amount next month before 20th.