What is GSTR-3B?
GSTRB-3B is a monthly self-declaration filled by a registered GST dealer along with GSTR-1 and GSTR-2 return forms. In other words, it is a consolidated version of inward and outward supply returns that the government of India has launched as a way to ease the requirements for businesses that have newly transitioned to GST. It is a simplified return to declare a summary of GST liabilities for a tax period.
Some important things to remember:-
- A GSTR-3B has to be filled even if there is no business.
- You can never receive/amend GSTR-3B.
- A separate GSTR-3B for every GSTIN you have.
Who should file GSTR-3B?
All taxpayers, including those who had no business or nil returns, have to file a GST Return form every month.
However, there are some exclusions to this:-
- Input Service Distributors & Composition Dealers
- Suppliers of OIDAR ( Online Information Database Access and Retrieval Services)
- Non-resident taxable person
What is the format of GSTR-3B?
GSTR 3B is divided into the sections listed below.:
Section 1: Questionnaire about current tax period business activities and tax liabilities.
Section 2: A box containing GST-related information, such as Return Status.
Section 3.1: Box for entering information about tax on outward and inward supplies subject to reverse charge.
Section 3.2: Interstate supplies (supplies made to unregistered persons, taxable composition persons, UIN holders)
Section 4: contains information on eligible ITC (Input Tax Credit)
Section 5.1: Inward supplies that are exempt, nil, or not subject to GST
Section 5.2: Late fees and interest
Section 6.1: Tax Payment
Please keep in mind that the previous Section 7 regarding TDS/TCS credit is no longer applicable.
Procedure for Filing GSTR-3B Online in Steps
Step 1: Enter your credentials into the GST portal.
Step 2: From the Dashboard screen, select “Returns Dashboard.”
Step 3: Choose the fiscal year and the filing period.
Step 4: Click “Search,” All returns that need to be filed will be displayed in tiles.
Step 5: On the GSTR3B tile, click the “Prepare Online” button.
Step 6: A message will be displayed describing how GSTR 3B filing has become more user-friendly. After reading the news, click OK.
Step 7: A list of questions about business activities and tax liabilities will be displayed for the current tax period. Answer the questions that relate to you.
Step 8: Click Next and the GSTR3B monthly return page will appear, displaying return information and the return status.
Step 9: Scroll down to find the following options:
- Back: To re-start the filing process from the Return dashboard and redo your questionnaire responses.
- GSTR-3B should be saved: To save the details you’ve entered, click this each time you make a new entry.
- Reset GSTR 3B: To delete the entered information and start over.
Step 10: To begin GSTR-3B filing, click on the first tile (Section 3.1 link). Enter the information for various outward and inward supplies and click “Confirm.”
Step 11: You’ll be taken to the Returns page. Click the second tile and fill out the required fields. Ascertain that the total amount of integrated tax declared in Section 3.2 is less than or equal to the total amount of integrated tax expressed in Section 3.1.
Step 12: Fill out all of the other pages of the form in the same way, and make sure to save the draught GSTR-3B form regularly.
Step 13: Select “Preview draught GSTR-3B.”
Step 14: If the document GSTR3B contains no errors, click “Proceed to Payment.”
Step 15: Scroll down to see the “Cash Ledger” balance with return-related liabilities. The ledger will be auto-populated with taxes that ITC will pay in part or whole (Input Tax Credit).
Step 16: If your Electronic Cash Ledger balance is insufficient, you will be prompted to create a challan. To start a new challan, select “Yes.”
Step 17: On the “Create Challan” page, choose the appropriate payment mode and click the “Generate Challan” button to proceed with the payment.
Step 18: Press the Continue button.
Step 19: Review the proposal GSTR3B and make sure the last column titled “Additional Cash Required” is zero.
Step 20: Select “Make payment/credit to ledger.”
Step 21: Select “Yes.” The message “successful” will be displayed.
Step 22: Click the “Proceed to File” button.
Step 23: Check the declaration box and then click “File GSTR 3B with EVC/DSC.” EVC is an abbreviation for Electronic Verification Code, and DSC is an abbreviation for Digital Signature Certificate.
Step 24: Press the “Proceed” button.
Step 25: A successful filing message with an “Acknowledgement Reference Number (ARN)” will be displayed. Make a note of this number for later use.
Step 26: To view the GSTR3B file, click “Download filed GSTR-3B.”
FAQ’S on GSTR-3B
✅ What is the last date to file GSTR-3B?
This GSTR form is used for monthly returns. Every month, the deadline for submission is the 20th of the following month. For example, the deadline for filing GSTR-3B for September 2019 is October 20th, 2019.
Form GSTR3B will be discontinued entirely starting in January 2020.
✅ How can I check the status of my GSTR-3B filing?
- Use your credentials to access the GST portal.
- Click “Returns Dashboard” on the Dashboard screen.
- Choose a fiscal year and a return filing period.
- Click the “Search” button.
- All relevant GST returns, along with their filing status, will be displayed.
✅ What is the purpose of GSTR3B?
Its purpose is to declare summary GST liabilities for a specific tax period and discharge them on time.
Table of Contents
- 1 GSTR-3B
- 2 Who should file GSTR-3B?
- 3 What is the format of GSTR-3B?
- 4 Procedure for Filing GSTR-3B Online in Steps
- 5 FAQ’S on GSTR-3B