Different GST Return Effective Date for GSTR-1 and GSTR-3B in TallyPrime

1. What is the GST Return Effective Date for GSTR-1 and GSTR-3B?

In TallyPrime, businesses can set different GST Return Effective Dates for GSTR-1 (Outward Supplies) and GSTR-3B (Summary Return).

This feature is useful for cases like:

• New GST registrations where outward supply reporting starts from a different date.
• Businesses transitioning from Composition to Regular Scheme.
• Delayed outward supply reporting due to regulatory or operational reasons.

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2. Importance of Setting Different GST Return Effective Dates in TallyPrime

• Compliance: Ensures accurate GST return filing.
• Flexibility: Allows businesses to report outward supplies (GSTR-1) from a later date than summary filings (GSTR-3B).
• Avoids Errors: Prevents incorrect tax reporting and unnecessary tax payments.

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3. How to Set Different GST Return Effective Dates for GSTR-1 and GSTR-3B in TallyPrime?

Step 1: Open GST Features in TallyPrime

1. Open TallyPrime.
2. Navigate to Gateway of Tally > F11: Features > GST.
3. Enable Goods and Services Tax (GST): Yes.

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Step 2: Configure GST Return Effective Dates Separately

1. In the GST Details screen, locate:
   • GSTR-1 Effective Date: Set the date from which outward supplies should be reported.
   • GSTR-3B Effective Date: Set the date from which summary returns should be considered.
2. Press Enter and save the configuration.

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Step 3: Verify the Impact on GST Returns

1. Go to Gateway of Tally > Display More Reports > Statutory Reports > GST Reports.
2. Open GSTR-1 and ensure that transactions before the effective date are excluded.
3. Open GSTR-3B and check that only transactions from the defined date are included.

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4. Example Scenarios for Different GST Return Effective Dates in TallyPrime

Example 1: Business Registers for GST with Different Effective Dates

Scenario:

• XYZ Pvt Ltd started its business in April 2024.
• It obtained GST registration on 1st June 2024.
• It was required to file GSTR-3B from June 2024 but started filing GSTR-1 from July 2024 due to late registration of outward supplies.

Solution:

• Set GSTR-3B Effective Date = 01-06-2024.
• Set GSTR-1 Effective Date = 01-07-2024.
• GSTR-3B will include purchases and sales from June 2024 onwards.
• GSTR-1 will exclude sales from June but start reporting from July 2024.

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Example 2: Transition from Composition to Regular Scheme

Scenario:

• ABC Enterprises was under the Composition Scheme till 30th June 2024.
• It shifted to the Regular GST scheme on 1st July 2024.
• The business wanted to report outward supplies (GSTR-1) from 1st August 2024, but GSTR-3B from 1st July 2024.

Solution:

• Set GSTR-3B Effective Date = 01-07-2024 (to account for purchases and summary tax liability).
• Set GSTR-1 Effective Date = 01-08-2024 (to delay outward supply reporting).
• GSTR-3B will include transactions from July.
• GSTR-1 will only report sales from August onwards.

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Example 3: Delay in Outward Supplies Reporting

Scenario:

• A business started GST filing in January 2024.
• Due to invoice finalization issues, the company wanted to delay GSTR-1 reporting by a month.

Solution:

• Set GSTR-3B Effective Date = 01-01-2024.
• Set GSTR-1 Effective Date = 01-02-2024.
• This ensures that tax liability is paid from January, but outward supply details are reported from February.

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5. Impact of Different GST Return Effective Dates on Reporting in TallyPrime

Transaction Date	GSTR-3B (Tax Payment)	GSTR-1 (Outward Supply)	Included in GST Return?
01-06-2024	✅ Yes	❌ No	Only in GSTR-3B
01-07-2024	✅ Yes	❌ No	Only in GSTR-3B
01-08-2024	✅ Yes	✅ Yes	Included in both

• GSTR-3B ensures tax liability compliance from the start date.
• GSTR-1 ensures outward supplies are recorded from the correct period.

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6. Verifying the GST Return Effective Date in Reports in TallyPrime

• Go to Gateway of Tally > Display More Reports > Statutory Reports > GST Reports.
• Open GSTR-1 and GSTR-3B and check if transactions appear as per the set dates.

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7. Conclusion

TallyPrime provides a powerful feature to set different GST Return Effective Dates for GSTR-1 and GSTR-3B, ensuring businesses can manage tax compliance efficiently.

This feature is particularly useful for new GST registrants, businesses transitioning between GST schemes, and those facing reporting delays.