important information

Intimation regarding amendment/Correction in GSTR-1 & GSTR 3B for the period 01-07-2017 To 31-03-2018 and other information

Dealer can amend/Correct their return GSTR-1 & GSTR 3B for the period 01-07-2017 To 31-03-2018 for the following deficiencies in their already submitted returns.

GSTR-1
Sale invoices,Debit & credit notes for rate difference/goods return etc which have been left to be shown in GSTR-1 for the period 01-07-2017 To 31-03-2018 can still be shown in the return to be filed

For Monthly return filers:- In the return for the month of September 2018

For Quarterly return filers:- In the return for the Quarter ending of September 2018 ( 01-07-2018 to 30-09-2018)

Tax on Reverse Charge Basis
Tax on reverse charge basis U/s 9(3) of CGST/HGST act had to be paid mainly on charges paid to Goods Transport Agency( GTA) at the rate of 5% and also on Fee paid to advocate @ 18%. Dealers who have not paid tax on reverse charge basis on these items can also show invoices for reverse charge in GSTR-1 for the period ending September 2018 and pay tax on that.Invoice of value of amount on which reverse charge tax is paid is required to be raised as supply of services.
Tax on reverse charge basis U/s 9(4) of CGST/HGST act had to be paid on supply of goods or services received from unregistered persons if the value of such supplies & services are of more than Rs 5000/- in a day as per GST rate applicable on that item. ( This provision of Tax on reverse charge was applicable upto 13-10-2017 and thereafter this provision has been suspended upto 30-09-2018.vide notification no38/2017 central rate (Tax)

GSTR- 3B
Purchases which have been left to be shown in GSTR-1 for the period 01-07-2017 To 31-03-2018 can still be shown in the return to be filed In the return for the month of August and September 2018

Tax on Advances

Service Providers like Works Contractors and others service providers are liable to pay tax and to issue receipt voucher at the time of receipt of advances from their customers and that tax will be adjusted at the time of Issue of Invoice for supply of services.

Extention of Date for Filing TRAN-1 & Tran-2
The date for submitting the declaration electronically in form Tran-1 has been extended till 31-03-2019in respect of registered persons who could not submit the said declaration by the due date on account of technical difficulties on the GST Portal.

The Registerd persons filing the declaration in form GST Tran-1 can also submit the statement in form GST Tran-2 by 30-0402019 vide notification no 48/2018-Central Tax Dt 10.09.2018

Note :- After the return for the month of September 2018 no amendment can be made in GSTR-1 & GSTR 3B for the period 01-07-2017 To 31-03-2018.

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