December 26, 2022

GSTR-3B: Filing, Eligibility & Due Dates

What is GSTR-3B?

This is a self-declaration that summarizes a taxpayer's interior and external supplies. A taxpayer may have more than one GSTIN. In such a case, reporting each GSTIN, GSTR-3B separately is a must. Furthermore, the taxpayer need not include invoice level information in the form; instead, the total values for each field must be provided.

Who should submit a GSTR-3B?

Section 39 of the 2017 Central Goods and Services Tax Act requires every taxpayer with a GST registration to make an online monthly return. This form must include information such as the products or services offered, both import and export, the input tax credit, taxes owing, taxes payable, and so on.

According to Rule 61 of the 2017 CGST Rules, a registrant must file Form GSTR 3B on a monthly or quarterly basis.

Who are the exempted taxpayers?

1. Input Service Distributors & Composition Dealers:

Any taxpayer who receives bills for services utilized by its branches is known as an Input Service Distributor (ISD). It issues ISD invoices to distribute the tax paid, known as the Input Tax Credit (ITC), to such branches in a proportionate manner. The branches may have distinct GSTINs, but they must have the same PAN as ISD.

2. Suppliers of OIDAR (Online Information Database Access and Retrieval Services):

OIDAR service refers to services that are delivered through the internet and received by the recipient online without any physical interaction with the provider of such services.

3. Non-resident taxable person:

A Non-Resident Taxable Person is someone who occasionally provides products or services. This individual does not have a permanent place of business or home in India. Furthermore, he can provide products or services as a proprietor, an agent, or in any other role.

Small taxpayers need not file GSTR-3B. Instead, they must submit a GST PMT-08 form.

Prerequisites for filing for GSTR-3B

Businesses need to submit the GSTR-3B form which is liable to file the monthly returns GSTR-1, GSTR-2 and GSTR-3.
From the GSTN portal, the GSTR-3B form can be easily filed online. The tax payable can be paid through challans in banks or online payment.
You either need an OTP from your registered phone to verify your return using an EVC (electronic verification code) or a digital signature certificate (of class 2 or higher). You can also file your GST returns using an Aadhar based e-sign.

How to file a GSTR-3B?

1. Login to the GST Portal.

2. Next select 'services' and then select 'return' and then click on 'return dashboard'

3. When you click on 'Returns Dashboard' a screen with the words 'File Returns' will display. From the drop-down list, choose the appropriate 'Financial Year' and 'Return Filing Period' for which you wish to file the return. After that, select 'Search'

4. In the next step you will see different types of GST Forms. Click the 'Prepare Online' button on the 'Monthly Return GSTR-3B'.

5. GSTR-3B form will appear, where you'll have to fill in the required information, such as interest and late fees, if any are applicable.
If you wish to make changes to the form, click 'Save GSTR3B' or click 'Submit' once you've filled in all of the essential information.

6. A success notice will appear at the top of the page once you click the 'Submit' button. Once submitted you cant revise or amend it. The GSTR-3B return's status will update from 'Not Filed' to 'Submitted'
You'll note that the 'Payment of Tax' heading will activate after successfully submitting the GSTR-3B form. After clicking the 'Offset Liability' button, a pop-up message will appear, prompting you to click 'OK'

7. Select the checkbox for declaration and the authorized signatory from the 'Authorized Signatory' list once you've finished paying taxes and offsetting the tax liability. To begin filing your return, choose 'FILE GSTR-3B WITH EVC' or 'FILE GSTR-3B WITH DSC'.

8. You will see a warning message displayed on the screen. A success message will be on the screen after you click on 'Proceed' Click on 'OK' to confirm 'Submitted' refers to the data entering and the return submitted. If, on the other hand, the return was submitted but the liability was not paid, the status will be 'Filed'.

Important Dates for GSTR -3B

The important dates for September 2021 to March 2022,

1. Not opting for the QRMP scheme: Aggregate turnover exceeding Rs.5 crore in the previous financial year.

2. Opting for the QRMP scheme: Aggregate turnover up to Rs. 5 crores in the previous financial year.

Penalties for Missing Due Dates

Late fee or penalties on missing to file GSTR-3B,

Rs. 50 per day of delay.
Rs. 20 per day of delay for taxpayers having nil tax liability for the month.


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