GSTR - 3B
GSTR-3B is a self-declared summary GST return that registered taxpayers in India must file every month (or quarterly for those under the QRMP scheme). It essentially summarizes the following for a specific tax period:
- Outward supplies (sales): Details of taxable, zero-rated, nil-rated, and exempt supplies.
- Inward supplies liable to reverse charge.
- Eligible Input Tax Credit (ITC) claimed.
- ITC reversed.
- Value of exempt, nil-rated, and non-GST inward supplies.
- Tax payable and tax paid.
Key Points about GSTR-3B:
- Summary Return: It's a simplified summary, unlike the more detailed GSTR-1 and the now suspended GSTR-2 and GSTR-3.
- Mandatory Filing: All normal and casual taxpayers must file GSTR-3B, even if there are no transactions (a nil return).
- No Revision: Once filed, GSTR-3B cannot be revised. Any mistakes need to be adjusted in subsequent returns.
- Separate Filing for Each GSTIN: If a business has multiple GST registrations in different states, a separate GSTR-3B must be filed for each GSTIN.
- Tax Payment Deadline: The GST liability must be paid on or before the due date of filing GSTR-3B.
- Auto-population: Some details in GSTR-3B are auto-populated based on the GSTR-1 filed by the suppliers (for outward supplies) and GSTR-2B (for eligible ITC). However, taxpayers must verify and ensure the accuracy of these auto-populated values.
General frequently asked questions
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