GSTR-3B is a monthly self-declaration that needs to be filed by all registered taxpayers under the Goods and Services Tax (GST) regime. It is a summary of all outward and inward supplies made during the month, and the tax liability calculated on such supplies.
GSTR-3B is considered as a provisional return because it is a simplified return that is filed before the final GSTR-1 and GSTR-2 returns are filed. It contains a summary of transactions for a given month, and the taxpayers have to provide details such as GSTIN, outward and inward supplies, tax liability, and input tax credit (ITC).
The due date for filing GSTR-3B is usually the 20th of the subsequent month. However, in the case of certain states or union territories, the deadline is the 22nd of the subsequent month. Late filing of GSTR-3B may attract penalties and interest.
The filing procedure for Form GSTR-3B is as follows:
1. Log in to the GST portal using your credentials.
2. Navigate to the "Returns Dashboard" section and select the "Monthly Returns" tab.
3. Select the relevant tax period for which you wish to file GSTR-3B.
4. The system will display the GSTR-3B form, and you will need to fill in the details for the relevant fields. The form has various sections, including details of outward supplies, input tax credit, and tax liability.
5. Once you have filled in all the details, click on the "Save" button.
6. After saving the details, click on the "Submit" button.
7. The system will display a summary of the form, and you will need to confirm the submission by clicking on the "Proceed to File" button.
8. You can choose to file the return using an Electronic Verification Code (EVC) or a Digital Signature Certificate (DSC).
9. After filing the return, you can download the acknowledgement receipt from the GST portal.
It is important to note that GSTR-3B needs to be filed by the 20th of the following month. Late filing of the return may attract penalties and interest charges.
Form GSTR-3B is a monthly self-declaration return to be filed by every registered taxpayer in India under the Goods and Services Tax (GST) system. The return provides a summary of the taxpayer's outward and inward supplies and the tax liability, which needs to be discharged by them.
Here's a step-by-step guide to filing the GSTR-3B return:
1. Visit the GST portal (www.gst.gov.in) and log in with your credentials.
2. Navigate to the 'Return Dashboard' and select the financial year and the tax period for which you want to file the GSTR-3B return.
3. The GSTR-3B form will appear on your screen, and you need to fill in the relevant information under the different sections.
4. Under the 'Outward Supplies' section, report the total taxable value, integrated tax, central tax, state tax, and cess applicable to your outward supplies.
5. Under the 'Inward Supplies' section, report the total taxable value, integrated tax, central tax, state tax, and cess applicable to your inward supplies.
6. Under the 'Input Tax Credit' section, report the total eligible input tax credit that you want to claim.
7. Under the 'Interest and Late Fee' section, report the interest and late fees, if any, that you need to pay.
8.Verify the details entered and click on 'Preview.'
9. Once you have previewed the return, click on 'Submit.' You will need to sign the declaration using your DSC (Digital Signature Certificate) or EVC (Electronic Verification Code).
10. After submitting the return, you will receive an ARN (Application Reference Number) confirming the successful filing of your return.
It is important to note that the due date for filing the GSTR-3B return is the 20th of every month for regular taxpayers. Late filing of the return may attract penalties and interest.
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