{"id":12995,"date":"2024-08-26T13:47:34","date_gmt":"2024-08-26T08:17:34","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=12995"},"modified":"2024-08-26T13:47:34","modified_gmt":"2024-08-26T08:17:34","slug":"gstr-3b-new-amendment","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/gstr-3b-new-amendment\/","title":{"rendered":"Amendment in GSTR-3B"},"content":{"rendered":"\n
\n

Key Takeaway<\/h3>\n\n\n\n
    \n
  • New Table 3.1.1<\/strong>: Introduced for detailed reporting of taxable supplies via e-commerce operators.<\/li>\n\n\n\n
  • Updated Headings<\/strong>: Revisions in Table 3.1 and Table 3.2 headings for clearer reporting requirements.<\/li>\n\n\n\n
  • Detailed ITC Reporting<\/strong>: Enhanced granularity in reporting eligible, ineligible, reclaimed, and reversed Input Tax Credit (ITC).<\/li>\n\n\n\n
  • Filing Procedure<\/strong>: Updated step-by-step process on the GST portal for accurate GSTR-3B submission.<\/li>\n\n\n\n
  • Taxpayer Impact<\/strong>: Requires meticulous ITC tracking and frequent reconciliations to avoid penalties.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n

    In September 2022, the GSTN introduced a revised format for reporting data in GSTR-3B. This updated format offers a detailed breakdown of Input Tax Credit (ITC), distinguishing between eligible, ineligible, restricted, reversed and reclaimed credits, among other related details. In this blog, we will walk you through the changes introduced by the GSTR-3B new amendment<\/strong>, highlighting the updated requirements for taxpayers to accurately report their ITC in Form GSTR-3B.<\/p>\n\n\n\n

    Updates in Form GSTR-3B<\/strong><\/h2>\n\n\n\n

    In July 2022, the government updated the GSTR-3B return format, specifically changing how data is reported in Tables 3 and 4. Here are the key revisions:<\/p>\n\n\n\n

    Heading of Table 3.1 Updated<\/strong><\/h3>\n\n\n\n

    The heading for Table 3.1 has been revised from \u2018Details of outward supplies and inward supplies liable to reverse charge\u2019 to \u2018Details of outward supplies and inward supplies liable to reverse charge (other than those covered in 3.1.1)\u2019.<\/p>\n\n\n\n

    Added New Table 3.1.1<\/strong><\/h3>\n\n\n\n

    A new table as outlined below, designated as Table 3.1.1, has been added to Form GSTR-3B. You can download<\/a> the format of the table.<\/p>\n\n\n\n

    Nature of Supplies<\/strong><\/td>Total Taxable Values<\/strong><\/td>Integrated Tax<\/strong><\/td>Central Tax<\/strong><\/td>State\/UT Tax<\/strong><\/td>Cess<\/strong><\/td><\/tr>
    Taxable supplies on which e-commerce operator pays tax under section 9(5). [details to be furnished by e-commerce operator]<\/td>–<\/td>–<\/td>–<\/td>–<\/td>–<\/td><\/tr>
    Tax on sales made by the registered person through an e-commerce operator, which required to pay tax under section 9(5). [details to be furnished by the registered person who is engaged in making supplies through an e-commerce operator]<\/td>–<\/td>–<\/td>–<\/td>–<\/td> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Heading of Table 3.2 Updated<\/strong><\/h3>\n\n\n\n

    The heading for Table 3.2 has been revised from \u2018Out of supplies in 3.1(a), details of interstate sales made to unregistered persons, composition taxable persons and UIN holders\u2019 to \u2018Out of supplies in 3.1(a) and 3.1.1(i) above, details of inter-state supplies made to unregistered persons, composition dealers and UIN holders\u2019.<\/p>\n\n\n\n

    Updated Table 4<\/strong><\/h3>\n\n\n\n

    Two columns in Table 4 of Form GSTR-3B, namely column B for ITC Reversed and column D, have been amended. Here’s how the earlier columns and the amended columns in Table 4 of Form GSTR-3B are presented:<\/p>\n\n\n\n

    Earlier Columns<\/strong><\/td>Amended Columns<\/strong><\/td><\/tr>
    (B) ITC Reversed<\/td>(B) ITC Reversed<\/td><\/tr>
    1. As per Rule 42 & 43 of CGST Rules<\/td>1. As per Rule 38, 42 & 43 of CGST Rules and sub-section (5) of section 17<\/td><\/tr>
    2. Others<\/td>2. Others<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    Earlier Columns<\/strong><\/td>Amended Columns<\/strong><\/td><\/tr>
    (D) Ineligible ITC<\/td>(D) Other Details<\/td><\/tr>
    1. As per Section 17(5)<\/td>1. ITC reclaimed which was reversed under Table 4(B)(2) in the previous tax period.<\/td><\/tr>
    2. Others<\/td>2. Ineligible ITC under section 16(4) and ITC restricted due to PoS provisions.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Other Updates<\/strong><\/h3>\n\n\n\n
      \n
    • For modifications or additions, the GST Council has advised using the GSTR-1A option form for taxpayers just before filing GSTR-3B.<\/li>\n\n\n\n
    • The GST Council proposed an amendment in Rule 88B of the CGST Rules so that any amount available in the Electronic Cash Ledger on the due date of filing GSTR-3B, which is debited during filing, will not be considered for calculating interest under section 50 of the CGST Act for late filing of the return.<\/li>\n\n\n\n
    • The GSTN department has enabled the option to reset and re-file GSTR-3B for certain taxpayers.<\/li>\n\n\n\n
    • CBIC has waived off interest charges for late filing of GSTR-3B due to technical issues.<\/li>\n\n\n\n
    • The deadline for filing GSTR-3B was extended until January 10, 2024, for taxpayers from certain districts of Tamil Nadu.<\/li>\n\n\n\n
    • GST return filers can now seamlessly file their returns as the issue with auto-populating Input Tax Credit (ITC) in GSTR-3B has been resolved.<\/li>\n\n\n\n
    • The due dates for monthly filing of GSTR-3B from April to July 2023 were extended until August 25, 2023, for taxpayers with principal places of business in Manipur. Additionally, the government has provided relaxation for the quarterly filing of GSTR-3B.<\/li>\n\n\n\n
    • The Kerala GST Department has issued guidance on a Standard Operating Procedure (SOP) to monitor taxpayers who reverse ineligible IGST Input Tax Credit (ITC) in the GSTR-3B form.<\/li>\n\n\n\n
    • If GSTR-1 is not filed on time, taxpayers will be unable to file GSTR-3B, leading to late fees and penalties.<\/li>\n\n\n\n
    • An advisory on GST liability and the variances between GSTR-1 and GSTR-3B (DRC-01B) has been issued.<\/li>\n\n\n\n
    • The deadline for filing of return form GSTR-3B for May was extended until June 30 for districts in Gujarat: Kutch, Jamnagar, Morbi, Patan and Banaskantha.<\/li>\n<\/ul>\n\n\n\n
      \n