i tried to file the return of GSTR 3B for the month of August on Sept 20th but while submitting through DSC the portal denied saying that there are dues to be paid and after clearing all the dues then only it would accept.But to my surprise the ITC in July was Rs.3,50.550 and the sales in the month of August is also much ledder than the purchases of the same month say:Total sales were-22,54,500(within state) and purchases(outside) were 32,45,000 and 12,26,000(within state),so July and August ITc would be definitely much more than the sales,so where is the point of dues.Cam any professional explain,where I went wrong?
13 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 07 October 2017
You have to offset your liability from you input.... before filing return...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 October 2017
You ll show your exact details as your transactions like RCM, Late fee also the screen shot of Off set liabilities....
Then we can try to solve/ solution
Then we can try to solve/ solution
rohini kumar
(TAX CONSULTANT & ADVOCATE)
(48 Points)
Replied 07 October 2017
There are no RCM outward bills the details given in my query posted before were with the exact figures and includes both inward and outward supplies.As Ms.Rashmi Gandhi suggested I didn't do any setoff while filing the July GSTR 3B,that's a different thing although,but in August the figures of total sales are marginally very less than the purchases from which I get IGST.So can I understand that the IGST not set off with CGST and SGST?Please explain,because total outward supplies of my concern consists only intra state(within state) and not inter state.SO ultimately I collect tax from my buyers in the form of SGST and CGST.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 07 October 2017
IGST can be set off first from IGST then from CGST & balance thereafter is set off from SGST
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 07 October 2017
Fill details in set off liability then proceed.....
rohini kumar
(TAX CONSULTANT & ADVOCATE)
(48 Points)
Replied 08 October 2017
No Not like that first try understand the exact picture as below:
July:
Inward supplies--24,00,000-IGST-4,32,000 and 6,50,000--CGST-58,500 SGST-58.500
Outward Supplies--22,50,000--CGST-2,02,500,SGST--2,02,500
August:
Inward supplies--28,00,000--IGST-5,04,000 and 8,00,000--CGST-1,44,000,SGST--1,44,000
Outward Supplies-- 26,50,000--CGST-2,38,500 and SGST-2,38,500(within state)
Interstate outward supplies--1,25,000-IGST-22,500
Now tell me what liability I incur or taxes to be paid,having taking into consideration of all the values I mentioned above.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 08 October 2017
Actual Position is as follow:-
In july
CGST Output 202500- 58500 CGST ITC-144000 IGST ITC.
SGST Ouput 202500- 58500 SGST ITC- 144000 IGST ITC
In july
CGST Output 202500- 58500 CGST ITC-144000 IGST ITC.
SGST Ouput 202500- 58500 SGST ITC- 144000 IGST ITC
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 08 October 2017
First try it for July & then asked me again.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 08 October 2017
In August Month Details are as follow
IGST Output 22500-IGST ITC 22500
CGST Output 238500-CGST ITC 144000 -IGST ITC 94500
SGST Output 238500-SGST ITC 144000 -IGST ITC 94500
IGST Output 22500-IGST ITC 22500
CGST Output 238500-CGST ITC 144000 -IGST ITC 94500
SGST Output 238500-SGST ITC 144000 -IGST ITC 94500
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 October 2017
| Originally posted by : rohini kumar | ||
 |
No Not like that first try understand the exact picture as below: July: Inward supplies--24,00,000-IGST-4,32,000 and 6,50,000--CGST-58,500 SGST-58.500 Outward Supplies--22,50,000--CGST-2,02,500,SGST--2,02,500 August: Inward supplies--28,00,000--IGST-5,04,000 and 8,00,000--CGST-1,44,000,SGST--1,44,000 Outward Supplies-- 26,50,000--CGST-2,38,500 and SGST-2,38,500(within state) Interstate outward supplies--1,25,000-IGST-22,500 Now tell me what liability I incur or taxes to be paid,having taking into consideration of all the values I mentioned above. |
 |
FOR JULY 2017 :
Attached File : 1391982 20171008183403 rohini kumar july 2017.pdf downloaded: 167 times
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 October 2017
| Originally posted by : rohini kumar | ||
|
No Not like that first try understand the exact picture as below: July: Inward supplies--24,00,000-IGST-4,32,000 and 6,50,000--CGST-58,500 SGST-58.500 Outward Supplies--22,50,000--CGST-2,02,500,SGST--2,02,500 August: Inward supplies--28,00,000--IGST-5,04,000 and 8,00,000--CGST-1,44,000,SGST--1,44,000 Outward Supplies-- 26,50,000--CGST-2,38,500 and SGST-2,38,500(within state) Interstate outward supplies--1,25,000-IGST-22,500 Now tell me what liability I incur or taxes to be paid,having taking into consideration of all the values I mentioned above. |
|
FOR AUGUST 2017 :
(Based on Your quoted figures)
Attached File : 1391982 20171008183530 august rohini kumar 2017.pdf downloaded: 145 times
Durgesh Mourya
(219 Points)
Replied 15 October 2017
actually you have to pay it, refund and ITC other are not available in practicality. Government may be starting refund from November 2017.
Durgesh Mourya
(219 Points)
Replied 15 October 2017
procedures is, First Create Challan of the same Taxed Amount with late fee, if any
then set off liability in GSTR3B screen.
then set off liability in GSTR3B screen.
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