GSTR 3B Format (Download Format Excel PDF GSTR 3-B)

GSTR 3B Format Excel PDF Download: For the months of July and August, GST Returns shall be filed in Form GSTR 3B. The format for  GSTR 3B has been officially made available by the Central Government and we have provided the same below. The  GSTR 3B Format given here has been compressed for quick download and also optimized for mobile viewing. If you face any problems while downloading the  GSTR 3B Format or for any further suggestions relating to  GSTR 3B Format, post your comments below in our discussions section.

Download GSTR 3B Format

GSTR 3B Due Date 20th of this Month
GSTR 3B Applicability July & Aug
GSTR 3B Format Link Download

Illustration of GST Calculation : GSTR 3B Format

Let us assume that the GST is set at 20%. Suppose that the manufacturing cost of a Product A is 100 and assuming a GST of 20% the total amount is Rs. 120. The next step of taxation would be when the Product is sold to consumers, let’s say at a price of 150.
So the GST will charge another 20% on just the difference of Rs. 150 and Rs. 120 i.e. only 20% on Rs. 30 which is equal to Rs. 6. So the final price is Rs. 150 + Rs. 6. Unlike the case of petrol pricing there is no tax on a tax now.
This eliminates the cascading effect of taxes which is very prevalent in our economy and has been simplified to an elemental level in the example (included in GSTR 3B Format).
Since the GST will be applied at every step of value creation it will be very difficult for black money owners to participate anywhere in the value chain with the GST without accounting for all other transactions along with GSTR 3B Format. The GST is estimated to provide an immediate boost of 0.9% – 1.4% of the GDP.

Difference between CGST and SGST :  GSTR 3B Format

India is a federal democracy that is one which has clear demarcation of powers, responsibility and revenue collection between the states and the centre in its constitution. For example law and order falls under the state’s jurisdiction while the nation’s defence is the centre’s responsibility and also for GSTR 3B Format analysis.

The GST too needs to have clear provisions on what areas the centre and the state are allowed to collect revenue from taxation to prevent an overlapping.
The GSTR 3B Format is the areas where the centre has the powers and State GST where the State has taxation capabilities. The IGST or Integrated GST is for movement of goods within the states of the Indian union.
This will be collected by the union however will be transferred over to the states. Thus it is essential that if and when the GST comes out it is rolled over in the entire nation simultaneously.



Comments

Post a Comment

Popular posts from this blog

GST HSN Codes for Exempted Goods and Services

GST Exempted Goods HSN Code list : The HSN Codes for Exempted Goods and Services in GST are provided below in table format. The HSN Code starts with 0101 for Mules and Hinnies. Ther are around 125 exempted goods and services in GST and HSN Code is provided for each one of them. In our Previous article, we have already explained in details GST Impact on Hospitals and Healthcare Services and also GST Bill Format . This list of HSN Codes for GST Exempted Goods have been share by CA.Ankita Mahajan. HSN Codes for Exempted Goods Total HSN Codes 126 Any Chapter Yes Services Included Complete List of HSN Codes for Exempted Goods HSN Code Exempted Goods 0101 Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. 0106 Other live animal such as Mammals, Birds, Insects 0201 Meat of b
Read more

GSTR 1A Form (Download Excel PDF GSTR 1A Format)

GSTR 1A Form (Download GSTR 1A Format): To enter the Details of outwards supplies of goods or services, Return shall be filed in Form GSTR 1A. The format for GSTR 1A Form has been officially made available by the Central Government and we have provided the same below. The  GSTR 1A Form given here has been compressed for quick download and also optimized for mobile viewing. If you face any problems while downloading the  GSTR 1A Form or for any further suggestions relating to  GSTR 1A Form, post your comments below in our discussions section. Download GSTR 1A Form GSTR 1A Form Due Date        20th of Next Month GSTR 1A Form Purpose Outward Supplies GSTR 1A Form Link Download Illustration of GST Calculation : GSTR 1A Form Let us assume that the GST is set at 20%. Suppose that the manufacturing cost of a Product A is 100 and assuming a GST of 20% the total amount is Rs. 120. The next step of taxation would be when the Product is sold to consumers, le
Read more