GSTR 3B Late Fee & Penalty Waived Off

Update on 02-09-2017: GSTR 3B late fee waived off announced on official twitter handel of GST.

gstr3b late fee waived off

Update on 17-08-2017: (GSTR 3B return deadline extended for those who wish to claim opening credit) – Check here press released by PIB on 17-08-2017

Update on 19-08-2017: (GSTR 3B Filing  & GST Payment Due Date Extended up to 25th August 2017) – Check here press released on 19-08-2017

In GSTR 3B, there is no column to enter previous ITC/transitional ITC under pre-GST regime. There are lots of queries that how I can get the credit of my previous ITC B/F to GST regime in GSTR 3B form.

It is the right of registered dealer under GST to get previous ITC credit to pay GST liability under section 140 sub section 1.

What section 140(1) says?

A registered person, other than a person opting to pay tax under section 10, shall be entitled to take, in his electronic credit ledger, the amount of CENVAT credit carried forward in the return relating to the period ending with the day immediately preceding the appointed day, furnished by him under the existing law in such a manner as may be prescribed.

What is Electronic Credit Ledger?

Electronic credit ledger is your account statement, which shows your GST credit balance with the Government. You can avail the credit ledger balance with your tax liability. So, your previous ITC will be reflected in your electronic credit ledger after filing TRAN 1 form or TRAN 2 from (as the case may be).

What is TRAN 1 or TRAN 2 forms?
To get credit of your previous ITC under pre –GST regime (VAT Act, Central Excise, Service Tax), you have to file TRAN-1 form or TRAN -2 form under GST rule 117.

  • TRAN-1 Form – Registered person or unregistered person under any pre-GST regime (VAT Act, Central Excise, Service Tax)
  • TRAN-2 Form – Unregistered person under any pre-GST regime

But till yet, there is no option to fill TRAN-1 or TRAN-2 form on GST common portal.  So how one can get credit of previous ITC.

So the question is still there that how I can get a claim of previous ITC in GSTR -3B?

So in my opinion you should wait for 2 or 3 days more for further clarification regarding previous GSTR-3B.

How to Fill GSTR 3B Step by Step – Check Here

Official twitter handles of GST i.e GST@Gol has also clarified that it will be notified hortly about transitional ITC/previous ITC credit of a pre-GST regime.

You can check the following images of an official twitter handle of GST.

gstr 3b previous itc gstr 3b previous itc twitter

If you want to file GSTR 3B now, then there is no option to enter previous ITC credit of a pre-GST regime.

Actually, GST officials are themselves confused over this issue. First they were saying that you can get ITC by entering it on “ITC-other column” but later on they were tweeting that we will notify you later.

See previous image of twitter handle…

Stay with us, we will update you whenever officials announce any updates regarding this issue.

Finally, what are you waiting for here it is…

Update on 17-08-2017: (GSTR 3B return deadline extended for those who wish to claim opening credit) –

Check here press released by PIB on 17-08-2017

Download Notification No.23 CGST Dated 17-8-2017

Download Press Note for Clarification of GSTR -3B Transitional ITC

Update on 19-08-2017: (GSTR 3B Filing  & GST Payment Due Date Extended up to 25th August 2017) – Check here press released on 19-08-2017

gstr 3b date extendedWe will update you also when TRAN 1 form will be available on the GST common portal.

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2 Comments

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  1. Wrongly purchase figure punched instead of sales and submitted . But not yet signed with EVC or DVD. How to rectify or leave as it is

    1. Hi Dayanand Jha. You can not change amount after submitting GSTR 3B. Don’t worry any mistakes can be further rectify in next GSTR 3B return with adjustments.

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