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What is GSTR-3B?
- Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. Allnormal taxpayer and casual taxpayersare required to file Form GSTR-3B returns for every tax period, even if there is no business in that particular tax period.
- For monthly filers, due date for filing of Form GSTR-3B is 20th day of the month following the month (tax period) for which the return pertains .For quarterly filers, due date for filing of Form GSTR-3B, as notified for different States/UTs, is 22nd and 24th day of the month following the quarter for which the return pertains.However, due date for filing of Form GSTR-3B can be extended by Government through notification.
- The system-generated summary with the details of values auto-populated from Form GSTR-1 and GSTR-2B, along with a detailed breakup, is made available in PDF format. The auto-populated values in GSTR-3B are kept editable. However, the tile with the edited field will be highlighted in RED.
- Generally, only purchase data, to be more specific Input tax credit of CGST, SGST and IGST is required to be feeded. Please ensure if RCM purchases is made, it needs to be specifically added. Rest, outward supplies data gets auto-populated through GSTR-1.
- System Generated GSTR-3B has been provided to taxpayers for:
- Assistance in filing Form GSTR-3B.
- Minimizing errors and mismatch in return filing.
- Improving overall compliance.
- Assistance in long-term reconciliation of Forms GSTR-1 and GSTR-2B with Form GSTR-3B
- Under GST, it is mandatory for every taxpayer to file the monthly return form GSTR-3B, irrespective of the turnover. The penal proviso applicable on failure to file GSTR-3B are as follows:
- CGST and SGST/UTGST Act – Rs. 200 per day (100rs each for CGST and SGST/UTGST)
- IGST Act – Rs. 200 per day
- In the case of Nil Returns – Rs. 100 per day (CGST+SGST/UTGST or IGST)
The GST penalty for late filing is subject to a maximum of INR 5,000
- Taxpayers (including those not opting for the QRMP Schemefiling quarterly GSTR-1 returns must still pay tax and file GSTR-3B every month.
- Form GSTR-3B once filed cannot be revised. Adjustment, if any, may be done while filing Form GSTR-3B for subsequent period
- In case your registration gets cancelled in any of the months of a quarter, you will be required to file Form GSTR-3B in the same month.For example:
- If your registration gets cancelled or suspended during the month of October, you will be required to file Form GSTR-3B for October in November itself, which you would have otherwise filed in the month of January.
- If your registration gets cancelled or suspended during the month of November, you will be required to file Form GSTR-3B in for October & November in December itself, which you would have otherwise filed in the month of January.
- If your registration gets cancelled or suspended during the month of December, then with no change you will be required to file Form GSTR-3B for October to December in January itself, which you would have filed otherwise also.
- The following are essential points to note:
- Taxpayers must ensure to pay taxes and file GSTR-3B within the deadline.
- The late filing of GSTR-3B attracts a late fee and interest at 18% per annum.
- In case the tax was paid within the due date but the GSTR-3B was filed after the deadline, both late fees and interest will apply.
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