Circular NO-07/2017F. No. 349/164/2017/-GST-System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B – regarding

Circular No. 7/7/2017-GST

F. No. 349/164/2017/-GST
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
GST Policy Wing

New Delhi, Dated the 01st September, 2017

To,
The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/Commissioners of Central Tax (All)

The Principal Director Generals/ Director Generals (All)

Subject: System based reconciliation of information furnished in FORM GSTR-1 andFORM GSTR-2 with FORM GSTR-3B – regarding

Sections 37, 38 and section 39 of the CGST Act, 2017(hereinafter referred to as ‘theAct’) read with rules 59, 60 and 61 of the CGST Rules, 2017(hereinafter referred to as ‘theRules’) require every registered person to furnish details of outward supplies made in amonth in FORM GSTR-1, details of inward suppliesreceived in a month in FORM GSTR-2and a return in FORM GSTR-3 by the 10th, 15th and 20thof the next month respectiv

download:-https://www.cbic.gov.in/resources//htdocs-cbec/gst/Circular%207_7_2017.pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Circular No. 7/7/2017-GST

F. No. 349/164/2017/-GST
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
GST Policy Wing

New Delhi, Dated the 01st September, 2017

To,

The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/Commissioners of Central Tax (All)

The Principal Director Generals/ Director Generals (All)

Subject: System based reconciliation of information furnished in FORM GSTR-1 andFORM GSTR-2 with FORM GSTR-3B – regarding

Sections 37, 38 and section 39 of the CGST Act, 2017(hereinafter referred to as ‘theAct’) read with rules 59, 60 and 61 of the CGST Rules, 2017(hereinafter referred to as ‘thRules’) require every registered person to furnish details of outward supplies made in amonth in FORM GSTR-1, details of inward supplies received in a month in FORM GSTR-2and a return in FORM GSTR-3 by the 10th, 15th and 20thof the next month respectively.Keeping in view that taxpayers may face certain issues in the initial days after theintroduction of GST, the GST Council extended the date for filing of FORM GSTR-1 andFORM GSTR-2 for the months of July and August, 2017 and approved the filing of a
simplified return in FORM GSTR-3Bfor these two months by the notified due dates aftermaking the due payment of tax.

2. Registered persons opting to utilize transitional credit available under section 140 ofthe Act read with the rules made there under for discharging the tax liability for the month ofJuly, 2017 were required to file FORM GST TRAN -1 on or before 28th August,2017. Thistransitional credit was to be credited to the electronic credit ledger and be available fordischarging the tax liability.

3. As per the provisions of sub-rule (5) of rule 61 of the Rules, the return in FORMGSTR-3B was required to be furnished when the due dates for filing of FORM GSTR-1 andFORM GSTR-2 have been extended. After the return in FORM GSTR-3B has beenfurnished, the process of reconciliation between the information furnished in FORM GSTR3B with that furnished in FORM GSTR-1 and FORM GSTR-2 would be carried out inaccordance with the provisions of sub-rule (6) of rule 61 of the Rules.

4. The detailed procedure for reconciliation of information furnished in FORM GSTR-3and FORM GSTR-3B is detailed in succeeding paras.Furnishing of information in FORM GSTR- 1 & FORM GSTR-2:

5. It may be noted that after the registered person has filed his return in FORM GSTR3B and the statement of outward supplies in FORM GSTR-1, the inward supplies shall beauto drafted for all registered persons (corresponding recipients of supply) and madeavailable to them in FORM GSTR-2A as per sub-rule (3) of rule 59 of the Rules. FORMGSTR-2A is the exact replica of FORM GSTR-2 containing only those details that are autopopulated from the details furnished in FORM GSTR-1 by the corresponding suppliers.Based on the details communicated in FORM GSTR-2A, the registered person shall prepare
the statement of inward supplies in FORM GSTR-2 by:-

Download:-https://www.cbic.gov.in/resources//htdocs-cbec/gst/Circular%207_7_2017.pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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