Compliance under GST for first two months GSTR 3. BThrough this article lets have a look on how the compliance under GST will be done for the first two months i. July, 2. 01. 7 and August, 2. The Government of India has formed a Special purpose Vehicle Known as Goods and Services Tax Network to set up the entire IT system which will support 8. Billion Invoices per month. The Invoices details are required to be filed Rate wise at Line item level. Three monthly returns are to be created and filed by all regular taxable person a. Vertex42 specializes in Excel templates. Its Free Invoice Template is designed to give small businesses an easy and inexpensive way to bill their customers. Through this article lets have a look on how the compliance under GST will be done for the first two months i. July, 2017 and August, 2017. Return of Outward Supplies GSTR 1,b. Return of Inward Supplies GSTR 2 andc. Monthly return GSTR 3 Out of above 3 returns, GSTR 1 need to be created by uploading the Outward Supplies Invoices while the other 2 returns i. GSTR 2 will be Automatically Generated for the taxpayer response on purchases, GSTR 3 need to filed as a Summary of Tax liability, Input tax Credit, Outward and Inward supplies. All three returns are to be signed and filed. SAP SE s e p i Systeme, Anwendungen und Produkte in der Datenverarbeitung Systems, Applications Products in Data Processing is a German. Tally. ERP 9 Series A Release 6. Tally. ERP 9 Series A Release 6. Full Installer 9Oct17 80. MB Tally. ERP 9 Series A Release 6. Tally. ERP 9 Series A. Busywin 17 rel 4. Crack with GST Free Download Full Version 2017 ACTIVATED. BUSY Accounting Software is an integrated business accounting software for. Tally%20Price.JPG' alt='Tally Erp 9 Release 3.1' title='Tally Erp 9 Release 3.1' />1 Welcome Congratulations and Welcome to the World of Tally. ERP 9. With the launch of Tally. ERP 9 Series A Release 3. Job Work, Income. Tally Erp 9 Release 3.1' title='Tally Erp 9 Release 3.1' />Setting up IT infrastructure to support this biggest tax reform is a mammoth task, and this cant be available immediately. The extending of dates by Income tax department for Income Tax filings due to system downtime is quite prevalent. So due to non availability of proper Infrastructure and APIs there has been a delay in implementation of the specified forms process mentioned above under GST as well. Its not that GSTN is behind the schedule but the volume and complexity is such huge that it will involve some more time for the smooth implementation. Though the system is not ready as per expectations but at the same time the government cant afford to lose the Indirect tax collection of lakhs of crores, hence in order to collect revenue from Taxpayers for the First Second month of GST regime i. July 2. 01. 7 and August 2. Government has come up with a Simplified Return Format called Form 3. B. In addition to creation and Filing of GSTR 3. B, the GSTR 1, GSTR 2 GSTR 3 for July, 2. August, 2. 01. 7 shall also be required to be filed in the month of September, 2. GSTN system will be ready by then to support the Normal filing process refer Notification for more details http www. July and August GST Returns deadlines are as follows Forms. For July 2. 01. 7For August 2. GSTR 3. B2. 0th August. September. GSTR 1. September. 20th September. GSTR 2. 10th September. September. GSTR 3. September. 30th September. GSTR 3. B is a Simplified form in which Taxpayer will report summary details of Outward and Inward supplies along with other details, the below categorized information need to be readily available with every tax payer or tax professional before filling the details at GST portal. Here are the 1. 0 important pointers to create and file GSTR 3. B for the month of July, 2. August, 2. 01. 7 1. Outward Supplies Table 3. Taxable Taxable Value and All Tax Amounts including Cessb. Zero Rates Taxable Value and Integrated Tax Amount in Cessc. Nil Rated and Exempted Taxable Valued. Reward Business Resource Pack Pdf here. Non GST Value as per other laws Taxable ValueOut of Outward Supplies as per 1a. The Inter State Supplies made to Table 3. Unregistered Persons Taxable Value and Integrated Taxii Composition Taxable Persons Taxable Value and Integrated Taxiii UIN holders like WHO, Embassies etc. Taxable Value and Integrated TaxShall be reported POS wise. Inward Supplies Table 3. Table 5a. Reverse Charge Inward Supplies Taxable Value and All Tax Amounts including Cess Table 3. From a supplier under composition scheme, Exempt and Nil rated Invoice Value and Table 5 the total value of the purchase of inputs from a composition taxable person or services received have to be bifurcated separately for intrastate and interstate. Non GST supply Invoice Value Table 5 the total value of the purchase of inputs that are nil rated or exempted inputs have to be bifurcated separately for intrastate and interstate. Computer Knowledge By Kiran Publication Pdf. Input Tax Credit on Table 4 4. Aa. Import of goods Input Tax Creditb. Import of services Input Tax Creditc. Inward supplies liable to reverse charge other than 2a. Input Tax Creditd. Inward supplies from ISD Input Tax Credite. All other ITC  Input Tax CreditNo requirement of reporting Taxable or Invoice value for Inward supplies for Input Tax credit except as mentioned in Point 2 above. Input Tax credit reversal Table 4 4. Ba. As per rules 4. CGST Rules Input Tax Credit reversalb. Others Input Tax Credit reversal5. Ineligible Input Tax Credit Table 4 4. Da. As per section 1. Input Tax Credit Not availed due to ineligibilityb. Others Input Tax Credit Not availed due to ineligibilityExample ITC on the supply of goods or service by a fitness club or health centre. Interest and Late Fee Table 5. Compute the interest liability manually, if any due to delay in filing of return or declaration of July invoices in August return. Late Fee will be automatically calculated by GST portal. Table 6 Once the details in all the required tables of Form 3. B are filled, user need to click on Save GSTR3. B. Post that the Net liabilityCredit will be computed and Table 6 will be enabled for an offset of the tax liabilities as per Cross utilization rules with the Input Tax Credit balance and Cash balances under respective major minor Tax heads. Table 7 TCS and TDS tables are available in GSTR 3. B but shall be disabled for the time being till registrations for Deductors and E commerce operators gets started, so no details are required for the same 9. Once the Return is Saved and Payment is done the Taxpayer can click on Submit. On Submit the return details will get freeze and Taxpayer need to sign file using DSC or EVC. Note 1. Value of Taxable Supplies Value of Invoices Value of Debit Notes Value of Credit notes Value of Advances received for which invoices have not been issued in the same month Value of Advances adjusted against invoices. Every taxable person under GST needs to calculate the tax liability under the different heads i. Integrated Tax, Central tax, State TaxUT Tax, and Cess. Details of ITC available under different heads used for paying the tax liability. Darksiders Ii Save Game Download on this page. Amendment in any details to be adjusted and not shown separately. August is the last date to file GSTR 3. B for the month of July, send your invoices and we will do the rest for you. The author of this article is the founder of www. Click here to view download Worksheet under GSTR 3.