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Checklist for filing of GSTR 3B for the month of September 2018*

*Checklist for filing of GSTR 3B for the month of September 2018*

*As per the provisions of Sub-section 4 of Section 16 of the CGST Act 2017, input tax credit can be claimed on the tax invoices or debit notes issued by the supplier in the previous financial year for supply of goods or services or both has to be claimed by 20th October 2018 i.e. before filing of the monthly return for the month of September 2018 basis of provisions of Section 39 of the CGST Act or filing of annual return as per provisions of Section 44 whichever is earlier. As GST is rolled out from 1st July 2017, the input tax credit on all in the inward supply of goods or services or both has to be claimed by 20th October as the due date for filing of September 2018 GSTR – 3B is that date based on the provisions notified wide Notification No. 34/2018 – Central Tax dated 10th August 2018.*

*Basis of the above provisions it is clear that input tax credit can be claimed only for all the transaction from 1 st July 2018 to 31st March 2019 by 30th September 2019* .

*The following are the points to be considered before filing the GSTR – 3B for the month of September 2018*

1. *Verify all the tax invoices/debit notes issued as per the provisions of Section 12, 13, 14, 31 &34 bythe supplier of goods or services or both are received and accounted.*

*2. Verify and ensure that tax invoice is received for the goods or services or both for which input tax credit is being claimed – clause “a” of sub-section 2 of section 16 of the CGST Act 2017*

*3. Verify and ensure that all the goods or services or both have been received before claiming the credit – clause b of sub-section 2 of section 16 of the CGST Act 2017. Certain cases like Annual Maintenance Contracts, the invoice is issued before the completion of service and it is spread over a period of time, in such cases properly informed decisions have to be taken else the input tax credit claimed has to be reversed along with the interest if found during scrutiny or auditor as part of some investigation by the departments*

*4. Verify and ensure that in case if goods are being received in lots, the final lot is received, – the first proviso of sub-section 2 of section 16 of the CGST Act 2017*

*5. Verify and ensure that all the information related to tax invoice or debit note is there on the documents issued by the supplier of the goods as per provisions of Rule 46 of the CGST Rules 2017 like GSTIN Numbers, date of invoice, Invoice Number, Place of Supply, HSN Code, Tax Rate and Tax Amounts are there on the tax invoice*

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