Question4:

Is GSTR 3B to be submitted by the business entity for the month of October, 2017 , who are allowed to file quarterly return from October, 2017 on wards due to turnover less than Rs.1.5crore. If yes, provide the notification/ circular for the same.

Answer:

According to Notification No.35/2017-CT dated 15.09.2019 every registered person except registered under Composition levy scheme is required to file GSTR-3B return every month starting from the Month of July, 2017 till December, 2017. Further, according to CBEC Press Release dated 10.11.2017 filing of said return has been extended till March, 2018. This return is to be filed by 20th of the succeeding month. However, fee for late filing of the said return for the months of July to September, 2017 has been waived vide Notification No. 50/2017-CT dated 24.10.207. Late fee from the Month of October, 2017 on wards will be applicable.   According to the above said Press Release every tax payer is also required to file details in FORM GSTR-1 till March, 2018. However, taxpayers would be divided into two categories i.e. tax payers having turn over up to Rs. 1.5 crore and over Rs. 1.5 crore. Details of these two categories along with the last date of filing GSTR 1 are as follows:
(a) Taxpayers with annual aggregate turnover upto Rs. 1.5 crore need to file GSTR-1 on quarterly basis as per following frequency:
Jul to Sep - 31st Dec 2017,

Oct to Dec - 15th Feb 2018

Jan to Mar - 30th April 2018 
(b) Taxpayers with annual aggregate turnover more than Rs. 1.5 crore need to file GSTR-1 on monthly basis as per following frequency:
Jul to Oct - 31st Dec 2017,

Nov - 10th Jan 2018.

Dec - 10th Feb 2018,

Jan -  10th Mar 2018,

Feb -  10th Apr 2018.

Mar -  10th May 2018.
The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March 2018 would be worked out by a Committee of Officers. However, filing of GSTR-1 will continue for the entire period without requiring filing of GSTR-2 & GSTR-3 for the previous month / period. It is emphasized here that GSTR-3B has to be filed on monthly basis only. However, GSTR-1 has been factored on the basis of turn over mentioned above. (Reply dt. 13/11/2017)