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GSTR-3B
GSTR-3B is a monthly self-declaration to be filed, for furnishing summarized details of all outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid.
GSTR-3B is to be filed by all normal taxpayers registered under GST.
GSTR-3B : Return Filing
Who should file GSTR 3B?
Every person who has registered for GST must file the return GSTR-3B including Nil returns.
- However, the following registrants do not have to file GSTR-3B
- Input Service Distributors & Composition Dealers
- Suppliers of OIDAR
- Non-resident taxable person
GSTR-3B vs GSTR-1: Comparison
- Reconciliation of GSTR-1 with GSTR-3B is needed to:
- Avoid Interest & Penalties due to the short payment of tax
- Know if any invoice is missed out or duplicated
- Allow recipient claim an accurate Input tax credit based on GSTR-2A
- Stay GST compliant and improve GST Compliance rating!
Due Dates of Filing GST Returns
These returns are as per the CGST Act*
|
Return Form |
Description |
Frequency |
Due Date |
|
GSTR-3B |
Simple return in which summary of outward supplies along with input tax credit is declared and payment of tax is affected by the taxpayer. |
Monthly |
Staggered from the month of January 2020 onwards* *Previously 20th of the next month for all taxpayers. |
|
20th of next month for taxpayers with an aggregate turnover in the previous financial year more than Rs 5 crore. For the taxpayers with aggregate turnover equal to or below Rs 5 crore, 22nd of next month for taxpayers in category X states/UTs and 24th of next month for taxpayers in category y states/UTs
|
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GST Registration
PVT. LTD. Company
Loan
Insurance
