Checklist for filing of GSTR-3B for the month of September 2018 By CA Ashish Kumar Agrawal


Dear Professional Colleagues,

As per the provisions of Sub-section 4 of Section 16 of the CGST Act 2017, input tax credit can be claimed on the tax invoices or debit notes issued by the supplier in the previous financial year for supply of goods or services or both has to be claimed by 20th October 2018 i.e. before filing of the monthly return for the month of September 2018 basis of provisions of Section 39 of the CGST Act or filing of annual return as per provisions of Section 44 whichever is earlier.

As GST is rolled out from 1st July 2017, the input tax credit on all in the inward supply of goods or services or both has to be claimed by 20th October as the due date for filing of September 2018 GSTR – 3B is that date based on the provisions notified wide Notification No. 34/2018 – Central Tax dated 10th August 2018.
 
The basis of the above provisions it is clear that input tax credit can be claimed only for all the transaction from 1 st July 2018 to 31st March 2019 by 30th September 2019.
 
The following are the points to be considered before filing the GSTR – 3B for the month of September 2018
 
  1. Verify all the tax invoices/debit notes issued as per the provisions of Section 12, 13, 14, 31 &34 by the supplier of goods or services or both are received and accounted.
  1. Verify and ensure that tax invoice is received for the goods or services or both for which input tax credit is being claimed – clause “a” of sub-section 2 of section 16 of the CGST Act 2017
GOOD NEWS: B2B CLASSIFIED AS B2C CAN BE AMENDED
 
September 2018 is the last month to avail Input tax credit of Financial year 2017-18. There are many instances where many B2B transactions were classified as B2C, also there was no way to amend the same. Now we can amend the wrong classification of B2 as B2C.

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