gstr-3b
What is GSTR-3B?
GSTR-3B is a simplified summary return filed by taxpayers registered under the Goods and Services Tax (GST) in India. It is a self-declaration that summarizes the outward supplies, input tax credit (ITC) claimed. And tax liability for a particular tax period. This process involves GSTR- B. This process involves GSTR- B.
Who Needs to File GSTR-3B?
Every registered person under GST must file GSTR-3B, including those with zero tax liability (nil return). However, certain categories like Input Service Distributors (ISD), composition dealers, non-resident taxable persons. And those deducting TDS/TCS are exempt from filing this form.
Due Dates for Filing
The standard due date for filing GSTR-3B is the 20th of the following month. For taxpayers under the QRMP (Quarterly Return Monthly Payment) scheme, the due dates are staggered between the 22nd and 24th of the month succeeding the quarter, depending on the state of registration.
Penalty for Late Filing
Delay in filing GSTR-3B attracts a late fee of ₹50 per day (₹25 CGST + ₹25 SGST). For nil returns, the late fee is reduced to ₹20 per day. Additionally, interest at 18% per annum is applicable on the outstanding tax amount.
For more detailed assistance, explore our professional tax services or check official updates on the Income Tax Department website.
Frequently Asked Questions
Everything you need to know about gstr-3b and tax compliance.
Yes, GSTR-3B has to be filed by every registered person even if there are no transactions in a month.
Only consolidated numbers are required in GSTR-3B. Invoice-wise breakup is not required.
You have to report all the sales detail in GSTR-1, whereas you have to report summarised figures of sales, ITC claimed, and net tax payable in GSTR-3B return.
Initially, the government planned to implement the GSTR-3 return as an auto-populated return based on GSTR-1 & GSTR-2 data. However, the government kept GSTR-3 on hold due to implementation issues and replaced it with GSTR-3B, a self-declared summary return.
No. GSTR-3B has to be filed for every GSTIN separately. The returns cannot be clubbed.
You can prepare and file GSTR-3B with EVC and DSC on the EasyTax GST Software, without going to any other portal. If you are a Tally user, you can import data from Tally into EasyTax with a single click through Tally Connector, to prepare and file GSTR-3B easily.
Invoice matching is not done in GSTR-3B. This is a summarised self-declaration return.