GST Returns- 3 & 3B Story
Touted as Good and Simple Tax (GST) by our Hon’ble Prime Minster, we believed it so. But when we started finding HSN codes, setting up billing system, identifying place of supply, determining the dilemma of applying IGST or CGST & SGST, we came to know about the ground realities. Neverthless, we transcended the journey of supplying and procuring goods and services in GST regime in July. Now this Month of August is about payment of First GST liability coupled with Returns. When, we were served with 3 return namely, GSTR-1,2 &3, GSTR-3B took a wild card entry for July and August 2017. We thought a wild card entrant will substitute the other strong Opponent GSTR-3. But time and again, we were proved wrong, when Due dates for GSTR-1,2,3 & 3B were announced. Now a layman or for this matter even professionals are trying to find answers to 3 & 3B story. What is all about ? Would I file 4 returns for July & August. Through this write-up we would attempt to addres...