GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner A normal taxpayer is required to file GSTR-3B returns for every tax period. All normal taxpayers and casual taxpayers are required to file the GSTR-3B GSTR-3B can be filed from the returns section of the GST Portal. In the post login mode, you can access it by going to Services > Returns > Returns Dashboard. After selecting the financial year and tax period, GSTR-3B, (if applicable), in the given period will be displayed.
DUE DATE TO FILE GST RETURNS GSTR 3B
The due dates for filings GSTR 3B are 20th of the subsequent month, that is the sales and purchase of the month April need to filed within 20th May The tax filers from 15 states/UTs -- Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh -- will now be having the last date of filing GSTR-3B returns as 22nd of the month without late fees 22 States/UTs of Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha having annual turnover below Rs 5 crore in previous financial year the last date will be 24th.
Will there be any invoice matching in GSTR-3B?
No, all the details in GSTR-3B will be self-declared in summary manner and the taxes will be paid based on table 6 of GSTR-3B (refer to the Rules as available on the GST Council or CBEC website, applicable for GSTR-3B Form). But you need unsure the that you match it GSTR 2A and not more than 10% for unlisted items can be claimed, that means you can claim only 110% of the amount reflected in GSTR 2A
Is filing of GSTR-3 mandatory even if there is no business in the particular tax period?
GSTR-3B is also mandatory to be filed by all normal and casual tax payers, even if there is no business in the particular tax period.
GSTR-1 (GST RETURN FILINGS)
1. What is GSTR-1? (Form used in GST RETURN FILINGS)
GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services. Every registered taxable person, other than an input service distributor/compounding taxpayer/TDS Deductor/TCS Collector is required to file GSTR-1, the details of outward supplies of goods and/or services during a tax period, electronically on the GST Portal.
Is GSTR-1 filing mandatory? (Form used in GST RETURN FILINGS)
GSTR-1 needs to be filed even if there is no business activity (Nil Return) in the tax period. The following details of a tax period have to be furnished in GSTR-1:
- a. Invoice level details of supplies to registered persons including those having UIN
- b. Invoice level details of Inter- state supplies of invoice value greater than equal to INR2,50,000 to unregistered persons (consumers)
- Details of Credit/Debit Notes issued by the supplier against invoice
- Details of export of goods and services including deemed exports (SEZ)
- Summarised state level details of supplies to unregistered persons (consumers)
- Summary Details of Advances received in relation to future supply and their adjustment
- Details of any amendments effected to the reported information for either of the above categories.
- Nil- rated, exempted, and non-GST supplies
- HSN/SAC wise summary of outward supplies
The following taxpayers are not required to file GSTR-1:
- Taxpayers under the Composition Scheme (Return to be filled by them in GSTR 4)
- Non-resident foreign tax payers (Return to be filled by them in GSTR 5)
- Online information database and access retrieval service provider (Return to be filled by them in GSTR 5A) Input Service Distributors (ISD) (Return to be filled by them in GSTR-6)