Introduction to Form GSTR-3B
By now, all of us are aware that the government has relaxed the GSTR 1 and GSTR 2 timelines. The upload of first GSTR 1, presumably, will be in the month of September 2017, for the months of July and August 2017 and rest of the activities and formalities will follow.
However, that does not mean that collection and payment of GST need not take place until that time. The expectation is that the regular registered taxpayers under GST will file the details of their Outward and Inward Supplies, for the month of July and August 2017, in a simple Form called GSTR-3B and make a payment towards GST as per that return form.
Does Tally’s GST Software have provision for Form GSTR 3B?
The good news is that GST-ready Tally.ERP 9 Release 6 will have a special release to support Form GSTR 3B. This release is planned in the first week of August 2017. For our customers, we have planned to provide the capability to print Form GSTR 3B, which will generate a Word Document. The document will have same fields, as it is required in the GSTN portal, making it convenient for the user to fill the details in the GSTN portal. This will give you a supreme confidence to have a look at Form GSTR 3B, review it and then fill in the values on the portal by 20th August, as required by the GSTN.
GSTN may provide an offline utility along with an Excel Template to fill and file Form GSTR 3B. In case it does, we will provide support for that as well.
As of today, the government has also mandated that for the month of July and August 2017, GSTR1 will have to be uploaded, and invoice matching in GSTR2 also need to be done in the month of September 2017.
What seems to be more important, however, is that your Form GSTR 3B filed for July and August 2017, matches with the GSTR-3 generated by GSTN for the month of July and August 2017.
If done from GST-ready Tally.ERP Release 6, it will be easy for you to match Form GSTR 3B with GSTR-3 since the source of data will be common. Else, on completing the formality of filing GSTR 1 and 2, once the GSTR 3 gets generated, if there is any mismatch, the additional tax will have to be paid by the tax payer. Or in a case of refund, it will be made available as ITC, which can be claimed to adjust against future liability.
What happens if I do not upgrade to latest offering of GST-Ready Tally.ERP 9 Release 6?
Can I still file Form GSTR 3B?
We recommend that you move to the latest offering of GST-ready Tally.ERP 9 as soon as it is available. This will ensure that you get all required information to file Form GSTR 3B from a single report. However, there may be many reasons and dependencies because of which you may be unable to move immediately to the latest offering. There is nothing to worry. The data required for filing your Form GSTR 3B is available within Tally.ERP 9 itself.
If you are using a lower release of Tally.ERP 9, and are looking to file Form GSTR 3B, all relevant information will be available in GSTR 1 and GSTR 2, provided in the earlier release.
• Simply open GSTR 1/ GSTR2 report and click V: Default View.
• Click F1: Detailed to get classification-wise information.
In case you need further information like State-wise or Invoice-wise, press Enter on respective classification.
All information, though spread across different tables, will be available to you from within your GST-ready software Tally.ERP 9.