Filed Form GSTR 3B with wrong information? Look how you can fix it.

GSTR 3B is a simplified summary return for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner. Creation and saving of Return form GSTR-3B was made available on GST Portal from 5th August 2017. Thus taxpayers got very less time to meet the deadline of 20th August 2017 (extended to 25th August 2017 due to technical issues faced by GSTN Portal).

This being the first month of filing returns under GST regime, there were many errors due to lack of technical as well procedural clarity. However GSTR 3 B was not allowed be edited or modified once submitted.

This has raised various concerns amongst taxpayers  as well as GST practitioners.

But there is no need to worry, you can rectify the error/omission in following way. 

(1) A normal taxpayer is required to file GSTR 1, 2, & 3 returns for every month.

(2) GSTR-3B once filed cannot be revised. Adjustments, if any, has to be done subsequently when you file GSTR-1, 2 & 3 for the same tax period.

(3) Ensure You file correct particulars of Supplies effected for the month of July in GSTR 1 which is to be filed from 1st to 5th September 2017.

(4) The Supplier from whom one have purchased the goods/services will also file his GSTR 1.  GSTR 2A is a system generated ‘draft’ Statement of Inward Supplies for a Receiver Taxpayer. It is auto-populated from the GSTR 1/5, GSTR 6 (ISD), GST 7(TDS), and GSTR 8 (TCS) file by the supplier taxpayer from whom goods and/or services have been procured or received by the receiver taxpayer in a given tax period.

It is created for a receiver taxpayer when the GSTR 1/5, 6, 7 & 8 is filed by the supplier. The details become available to the receiver taxpayer for view and the details are updated incrementally as and when supplier taxpayers upload or change their details in their respective GSTR for the given tax period. The auto-populated details (value of purchase and ITC) of a particular supplier/counter party will get frozen when he submits or files his return. GSTR 2A of a tax period will remain available for view till a taxpayer submits/files his GSTR 2 from 6th to 10th September 2017.  You cannot make any changes to the GSTR 2A, as it is a read-only document.  The information displayed in GSTR 2A is also available in GSTR 2 and any/all actions must be taken in the GSTR 2 by the receiver.

(5) After this GSTR 3 will be generated from 11th to 15th September 2017 for the month of July 2017.

If liabilities are different from those declared in GSTR-3B, the system will update the difference between GSTR 3B and GSTR 3  (net summary of GSTR 1 & 2).

(a) In case of higher liability than 3B, the taxpayer will have to pay the balance tax liability with interest upto date of payment.

(b) In case of decrease in liability (may be because of non claiming of ITC in 3B or extra payment of tax) , the ITC or tax Payment will be carried forward in Electronic Credit/Cash Ledger .

Due care should be taken to prepare & file the above Forms without any error.

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