As per the recent tweet of GSTN Tech, it has been communicated that table-3 (liabilities) of GSTR-3B will be auto populated in the system computed GSTR-3B on the basis of statement of outward supplies viz GSTR-1, filed by taxpayers on the GST portal, for monthly GSTR-1 filers.
It may be noted here that table 3 of the GSTR-3B pertains to details of outward supplies and inward supplies liable to reverse charge. As GSTR-1 pertains to outward supplies, the figure in respect of inward supplies subject to reverse charge will not be auto populated and will have to be put in by the tax payer.
For ready reference the Table 3 of GSTR-3B and details to be given therein is as under:
Table 3.1 of GSTR-3B – Details of Outward Supplies and inward supplies liable to reverse charge
- 3.1(a) – Outward taxable supplies (other than zero rated, nil rated and exempted) = Intra-State and Inter-State taxable supplies on which you have charge GST and it’s Tax amount.
- 3.1(b) – Outward taxable supplies (zero rated) = Supplies with Zero GST rate, i.e, exports or supplies made to SEZ.
- 3.1(c) – Other outward supplies (Nil rated, exempted) = Supplies with Nill Rated and Exempt such as Milk, Salt, health care , agricultural services etc.
- 3.1(d) – Inward supplies (liable to reverse charge) = Inward supplies notified for reverse charge u/s 9(3) / 9(4) of CGST Act or 5(3) / 5(4) of IGST Act where tax is to be paid by recipient.
- 3.1(e) – Non-GST outward supplies = Goods that are not covered in GST, eg., Alcohol, Petroleum products etc.
Table 3.2 of GSTR-3B – Of the supplies shown in 3.1(a) above, details of Inter-State supplies made to unregistered persons, composition taxable persons and UIN holders
- Supplies made to Unregistered Persons = Capture Interstate sales to Unregistered Persons.
- Supplies made to Composition Taxable Persons = Interstate sales made to Composition Tax Payers.
- Supplies made to UIN holders = Interstate sales made to a UIN holder such as an Embassy.
Our view:
In our view the auto generation of Table 3 of GSTR-3B on basis of GSTR-1 will definitely assist the tax payers in filing their GSTR-3B and will also obviate the mismatches between GSTR-1 and GSTR-3B. However the auto generation needs to work smoothly and accurately for benefit of tax payers as in case it mis-functions it will lead to increase in botheration of tax payers.
For ready reference of the readers the tweet is as under:-
***
[rainbow]Don’t miss the next GST Update / Article / Judicial pronouncement[/rainbow]
Subscribe to our newsletter from FREE to stay updated on GST Law
Resolve your GST queries from national level experts on GST free of cost.
TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.
