Thursday, November 30, 2017

gstr 3b returns in tally - Lesson 19


GST TALLY LESSON-19
GSTR - 3B RETURN IN TALLY


GSTR-3B Calculation for our GST Tally Learning (Part-1) 


Follow the below steps to know GSTR-3B Returns details in Tally

From Gateway of Tally select Accounts Info > Display
From Display: Select StatutOry Reports
From Statutory Reports: Select GST
From GST Reports: Select GSTR-3B
From Right Side Panel Click on F2: Period  (Short Cutkey: Alt+F2)
Enter Required Month Start and End Date
Eg:From 1.10.2017 To 31.10.2017

Two Types of Views GSTR-3B is available in Tally

GSTR-3B Summary View in tally

The Summary View gives the taxable value of Local & outstate Sales and break-up for IGST, CGST, SGST and CESS categories.



GSTR-3B Return Format View in tally

This is actual Form GSTR-3B format


Note: Incomplete/Mismatch in Information (to be resolved) must be '0'

How to Set off GST Input Tax Credit


In our GST Tally Learning (Part-1) VASU & CO have

> IGST Liability: Rs.29,820
> CGST Input Credit: Rs.24,990
> SGST Input Credit: Rs.24,990

  • As prescribed by GST Law VASU & CO., first utilized ITC of CGST Rs.24,990 to set off IGST liability of Rs.29,820. After this adjustment IGST liability is Rs. 4,830.
  • Later, SGST input credit of Rs.24,990 is set off against Balance IGST liability of 4,830.


After utilizing the available input credit, you have 
  • CGST Input Credit: Nil
  • SGST Input Credit: Rs. 20,160 (Rs.24,990-Rs.4,830)


SGST balance after set off of IGST liability will be carried over to the next period.


HOW TO FILE GSTR-3B RETURNS

Follow the following steps to file GSTR-3B return filling 
> Goto https://gst.gov.in/
> Click on "Login"
> Enter username & password
> Select 'Services' Tab select 'Returns'' then Select 'Returns Dashboard'
> from drop down list Select year, month and hit on SEARCH button
> Select GSTR3B tile, click the PREPARE ONLINE button.
> Select 'Tax on outward and reverse charge inward supplies' and enter the following data and click on confirm button.


gst outward supplies details in tally
GSTR-3B OUTWARD SUPPLIES DETAILS


> Select 'Eligible ITC'  and enter the following data and click on confirm button.




From GSTR-3B Monthly Returns, Click on SAVE GSTR-3B button

> From GSTR-3B Monthly Returns, Click on Submit Button.
> As per your availability click on File GSTR-3B with DSC or File GSTR-3B with FVC

> Follow the rules and complete GSTR-3B returns.

For More Info Visit the following Tutorial:
How to file GSTR-3B


Next Step:


Read Our Previous Tally Lessons

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