{"id":12321,"date":"2020-07-07T15:46:49","date_gmt":"2020-07-07T10:16:49","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=12321"},"modified":"2024-07-02T16:22:24","modified_gmt":"2024-07-02T10:52:24","slug":"gstn-advisory-issues-on-gstr-1-3b-forms","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/gstn-advisory-issues-on-gstr-1-3b-forms\/","title":{"rendered":"Latest: GSTN Advisory issues on GSTR (1&#038;3B) Forms"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Here\u2019s the synopsis of the notifications issued by CBIC on several GST during the month of June 2020.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/gstn-advisory-issues-on-gstr-1-3b-forms\/#Overview_of_the_Notifications_by_%E2%80%9840th_GST_Council_meeting_on_GSTR\" >Overview of the Notifications\nby \u201840th GST Council meeting\u2019 on GSTR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/gstn-advisory-issues-on-gstr-1-3b-forms\/#GSTR-3B_Return_Central_Board_of_Indirect_Taxes_and_Customs_alerts_Late_fee_of_Rs_500\" >GSTR-3B Return: Central Board\nof Indirect Taxes and Customs alerts Late fee of Rs. 500\/-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/gstn-advisory-issues-on-gstr-1-3b-forms\/#If_it_has_no_tax_liabilities_then_no_Return_fee_is_needed_Excess_Amount_shall_be_re-credited\" >If it has no tax liabilities;\nthen no Return fee is needed: Excess Amount shall be re-credited&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/gstn-advisory-issues-on-gstr-1-3b-forms\/#Filing_of_NIL_Form_GSTR-1_on_GST_Portal_over_SMS\" >Filing of NIL Form GSTR-1 on\nGST Portal over SMS&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/gstn-advisory-issues-on-gstr-1-3b-forms\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview_of_the_Notifications_by_%E2%80%9840th_GST_Council_meeting_on_GSTR\"><\/span>Overview of the Notifications\nby \u201840th GST Council meeting\u2019 on GSTR<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In our previous blogs, you can see that GST amnesty for taxpayers between July 2017 and January 2020 who haven\u2019t filed GSTR-3B for the said tax periods is notified, as per the announcement made previous at the \u2018<a href=\"https:\/\/corpbiz.io\/learning\/40th-gst-council-meeting\/\"><strong>40th GST Council meeting<\/strong><\/a>\u2019. <\/p>\n\n\n\n<p>In the CGST notification no. 52\/2020 dated 24th June 2020, the CBIC notified that Nil GSTR-3B for the above period could be filed with no late fee in between \u20181st July 2020 and 30th September 2020\u2019. Additionally, it shall be restricted to a maximum of Rs, 250 per return per month, per act for the rest of the taxpayers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Brief Explanation on 40th GST\nCouncil meeting\u2019 on GSTR<\/h3>\n\n\n\n<p>Moreover,\na late fee waiver has added and pushed the last dates for GSTR-1 to June 2020\nfrom March. The fresh deadlines for monthly filing with no late fee charge from\nMarch to June 2020 will be 10th, 24th, 28th July 2020, and 5th August 2020. For\nquarters January-March 2020 and April-June 2020, the last date for quarterly\nGSTR-1 shall be 17th July and 3rd August 2020 correspondingly.<\/p>\n\n\n\n<p>With an\nannual turnover is beyond Rs 5 crore in the previous financial year, the large taxpayers\nhave not been informed any further extension for filing GSTR 3B \u201cfrom February\nto May 2020\u201d. Henceforth, for the first fifteen days from the respective due\ndates of February to April 2020, no interest would have been charged, i.e., the\n20th of the next month correspondingly. After that, if there is any further\ndelay in GST payments until 24th June 2020, interest at a reduced &#8216;rate of 9%\n&#8216;p.a. would be charged.<\/p>\n\n\n\n<p>Until 24th June 2020, for furnishing their pending GSTR-3B from February 2020 to April 2020, the late fee would not have been charged. The next deadline for them to watch out for is 27th June 2020 to file GSTR-3B of May 2020, without late fee or interest. No relief or extension has been entitled out for any additional months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"GSTR-3B_Return_Central_Board_of_Indirect_Taxes_and_Customs_alerts_Late_fee_of_Rs_500\"><\/span>GSTR-3B Return: Central Board\nof Indirect Taxes and Customs alerts Late fee of Rs. 500\/-<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The government has notified to cap the maximum late fee for Form GSTR-3B at Rs. 500\/- (five hundred only) per return as a significant relief to the <strong>GST taxpayers<\/strong>. It has been pronounced for the tax period \u201cJuly 2017 to July 2020\u201d. Moreover, it is subjected to the condition that such GSTR -3B returns have to get filled before 30th September 2020.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Brief Explanation of Late fee\nalerts<\/h3>\n\n\n\n<p>A\nnotification has been allotted to be responsible for nil late fees if there is\nany tax liability, a maximum of late fee of Rs, and no tax liability. Therefore,\nup to 30th September 2020, 500 per return would apply to such filed GSTR-3B\nreturns.&nbsp;<\/p>\n\n\n\n<p>In addition to the relief provided for cleaning up past pendency of returns from July 2017 to January 2020 and earlier provided relief for February 2020 to April 2020, various representations were received to give further relief in a late fee charged for the tax periods of \u201cMay 2020 to July 2020\u201d.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"If_it_has_no_tax_liabilities_then_no_Return_fee_is_needed_Excess_Amount_shall_be_re-credited\"><\/span>If it has no tax liabilities;\nthen no Return fee is needed: Excess Amount shall be re-credited&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In accordance to the change in the late fee &#8216;for the delay in GSTR-3B&#8217;, the CBIC (Central Board of Indirect Taxes and Customs), has notified in the Goods and Services Tax portal that late fees on GSTR-3B would be waived off to whosoever has Nil Tax Liabilities. A lot of Return Filing was on hold before the COVID period for the period from July 2017 to Jan 2020, according to the Notification issued by CBIC.<\/p>\n\n\n\n<div class=\"shadow1\">There will be zero late fees for all those with no tax liabilities and who have not filed their returns from \u201cJuly 2017 to January 2020\u201d.&nbsp;<\/div>\n\n\n\n<p>The portal\nhas tweeted responding to the new changes, that \u201cthe change in late fee amount\ncompleted by the vide circular\/notification no. 57\/2020, dated 30-06-2020, has\nbeen integrated on the GST portal. Moreover, al the late fee paid shall be\nre-credited in due course, which was in excess than prescribed in the\nNotification.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/apportionment-of-itc-in-cases-of-business-reorganization\/\">\nA Study on Apportionment of ITC in Cases of Business Reorganization\n<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Brief Explanation of the\nNotification (Nil Liability)<\/h3>\n\n\n\n<p>The\nNotification talks about the taxpayers who fail to furnish the return in FORM\nGSTR-3B for May 2020 to July 2020. They have an aggregate turnover of more than\nrupees 5 Cr. in the preceding financial year by the due date but present the\nsaid return till the 30th day of September 2020.<\/p>\n\n\n\n<p>In this\ncase, the total amount of late fee under section 47 of the said Act shall stand\nentirely waived for those taxpayers wherever the total amount of central tax\npayable. In the said return is NIL and shall stand waived, which is more than\ntwo hundred and fifty rupees\u201d.&nbsp;<\/p>\n\n\n\n<p>Small taxpayers will be provided a waiver of interest whose aggregate turnover is up to \u20b9 5Cr and late fees if they file the form GSTR-3B for the supplies exaggerated in months of \u201cMay, June, and July\u201d of 2020, by the end of September 2020. It will assist them to have no late fee or interest assigned to them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Filing_of_NIL_Form_GSTR-1_on_GST_Portal_over_SMS\"><\/span>Filing of NIL Form GSTR-1 on\nGST Portal over SMS&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An advisory has been issued by the Goods and Services Tax Network (GSTN) on filing NIL Form GSTR-1 through SMS on GST Portal. The announcement is primarily concentrated on a few subjects.&nbsp;<\/p>\n\n\n\n<p><strong>Those are as follows:-<\/strong><\/p>\n\n\n\n<ul>\n<li>Apart from filing it through online mode, a taxpayer may now file      NIL Form GSTR-1 on GST Portal through an SMS service.&nbsp;<\/li>\n\n\n\n<li>The taxpayer must complete the following conditions to file NIL Form GSTR-1 through SMS:-&nbsp; &nbsp; <\/li>\n<\/ul>\n\n\n\n<ol>\n<li>They\nmust be registered as an SEZ Developer\/ Casual taxpayer\/ Normal taxpayer\/ SEZ\nUnit&nbsp;<\/li>\n\n\n\n<li>They\nmust have valid GST Number<\/li>\n\n\n\n<li>The\nphone number shall be registered on the GST Portal of Authorized signatory.<\/li>\n\n\n\n<li>No\ndata must be in saved or submitted stage related to that respective month for\nForm \u2018GSTR-1\u2019 on the GST Portal.&nbsp;<\/li>\n\n\n\n<li>NIL\nGSTR-1 Form can be filed in which return is to be filed on or after the 1st of\nthe following month.&nbsp;<\/li>\n\n\n\n<li>The taxpayer must have opted for the filing frequency as either quarterly or monthly.&nbsp; <\/li>\n<\/ol>\n\n\n\n<ul>\n<li>NIL GSTR-1 Form for a tax period should be filed by the taxpayer\n     only if the following situation is satisfying.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Those are as follows:-&nbsp;<\/strong><\/p>\n\n\n\n<ol>\n<li>There\nare no \u2018Outward Supplies\u2019 (Which includes supplies on which tax is to be\ncharged on zero-rated supplies, reverse charge basis, and considered exports)\nduring the quarter or month for which the return is being filed.&nbsp;<\/li>\n\n\n\n<li>No\nAmendments\/changes should get evolved to any of the supplies declared in a\nprevious return.&nbsp;<\/li>\n\n\n\n<li>No\nDebit or Credit Notes to be amended.&nbsp;<\/li>\n\n\n\n<li>No particulars of advances established for services to be adjusted or declared.&nbsp; <\/li>\n<\/ol>\n\n\n\n<ul>\n<li>There are few steps to File Nil Form GSTR 1 over SMS.<\/li>\n<\/ul>\n\n\n\n<p><strong>Those are as follows:-&nbsp;<\/strong> <\/p>\n\n\n\n<ul>\n<li>To file Nil Form GSTR-1 \u2013 NIL space Return, send SMS to&nbsp;<strong>14409<\/strong>&nbsp;number \u2013 \u201cType space(_____) GSTIN (_____)space Return Period \u201c <\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"591\" height=\"228\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-28-e1594116240769.png\" alt=\"Monthly Filing for Tax Period April 2020\" class=\"wp-image-12322\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-28-e1594116240769.png 591w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-28-e1594116240769-300x116.png 300w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><\/figure><\/div>\n\n\n<ul>\n<li>To ascertain the filing of Nil Form GSTR-1, send SMS again on the same number&nbsp;<strong>\u201814409\u2019<\/strong>&nbsp;along with Verification Code &#8211; CNF space(___) Return Type (___) space Code \u2013 CNF R1 324961 (For Example Verification Code got here is 324961)<\/li>\n\n\n\n<li>GST Portal will send back ARN on registered e-mail ID and to the same mobile number of the taxpayer after successful validation of the \u201cVerification Code\u201d to intimate successful NIL filing of GSTR-1Form.&nbsp;<\/li>\n\n\n\n<li>All the authorized representatives can file NIL Form GSTR-1 through SMS for a particular GSTIN.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p> A uniform late fee is stress-free to implement on a common computerized portal and modest in strategy. Our <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz<\/strong><\/a> group shall be at your disposal if you seek expert advice on any aspect GSTN Advisory issues on GSTR (1&amp;3B) Forms &amp; <a href=\"https:\/\/corpbiz.io\/gst-registration\"><strong>GST Registration<\/strong><\/a> along with complete compliance. We will help you ensure full compliance concerning all the requirements based on your anticipated activities, ensuring the productive and well-timed completion of your expectation. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/offences-penalties-under-gst-can-put-in-trouble\/\">How Offences &amp; Penalties Under GST Can Put In Trouble?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s the synopsis of the notifications issued by CBIC on several GST during the month of June 2020.&nbsp; Overview of the Notifications by \u201840th GST Council meeting\u2019 on GSTR In our previous blogs, you can see that GST amnesty for taxpayers between July 2017 and January 2020 who haven\u2019t filed GSTR-3B for the said tax [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":12325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16,153],"tags":[738],"acf":{"service_id":"96"},"authorName":"Archita Bhattacharjee","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/WhatsApp-Image-2020-03-18-at-11.26.19-AM-1.jpeg","authorDescription":"Archita Bhattacharjee is working as Legal Analyst (Team Lead, Research &amp; Development) at Corpbiz and has proving experience about 2 years as Corporate Legal Researcher in law firms as well as Rajya Sabha and authors in diverse publications. She has refined her skills by representing India in Paris, France and the University of Leiden over implications of International Humanitarian and Criminal Law being certified member of many Legal Centers.","postViews":3623,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/12321"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=12321"}],"version-history":[{"count":14,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/12321\/revisions"}],"predecessor-version":[{"id":65096,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/12321\/revisions\/65096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/12325"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=12321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=12321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=12321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}