GSTR-3B RETURN FILING
A complete guide to GSTR-3B return filing, due dates, eligibility, late fees and more.
WHAT IS GSTR-3B?
GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed, and net tax payable in GSTR-3B.
- A separate GSTR-3B must be filed for every GSTIN.
- The GST liability must be paid on or before the date of filing GSTR-3B, earlier of its due date.
- The GSTR-3B once filed cannot be revised.
- Even in case of a zero liability, GSTR-3B must be compulsorily filed.
WHO SHOULD FILE GSTR-3B?
Every person who is registered under GST must file GSTR-3B.
However, the following registrants do not have to file GSTR-3B:
- Taxpayers registered under the Composition Scheme
- Input service distributors
- Non-resident suppliers of OIDAR service
- Non-resident taxable persons
WHO SHOULD FILE GSTR-1?
A late fee is charged for filing GSTR-3B of a tax period after the due date. It is levied as follows:
- Rs. 50 per day of delay
- Rs. 20 per day of delay for taxpayers having nil tax liability for the month
Note:
In case the GST dues are not paid within the due date, interest at 18% per annum is payable on the amount of outstanding tax to be paid.
HOW TO REVISE GSTR-1?
- Up to December 2019: The due date is 20th of the subsequent month.
- January 2020 onwards: The due dates have been staggered. It is either 20th of every month or 22nd/24th of the month following every quarter, for monthly and quarterly filers (as provided in the image).
- Taxpayers opting for the QRMP scheme from 1st January 2021: The due date is 22nd or 24th of the month following every quarter, as per the State/UT of the principal place of business (list of States/UT given in the image).
GSTR-1 LATE FEES AND PENALTY
Reconciliation of GSTR-2A (real-time update of ITC) and GSTR-2B (ITC statement for the month) with GSTR-3B is needed to:
- Avoid notices due to excess input tax credit claims in GSTR-3B.
- Be informed if any genuine input tax credit is missed out on.
- Nudge the supplier to upload the invoice details in the GSTR-1, if not uploaded.
- Stay GST compliant and improve the GST compliance rating.
GSTR-3B Due Dates – Monthly Filers (January 2020 Onwards)
- Chhattisgarh
- Madhya Pradesh
- Gujarat
- Daman and Diu
- Dadra and Nagar Haveli
- Maharashtra
- Andhra Pradesh
- Telangana
- Karnataka
- Goa
- Lakshadweep
- Kerala
- Tamil Nadu
- Puducherry
- Andaman and Nicobar Islands
- Odisha
- Punjab
- Chandigarh
- Himachal Pradesh
- Jammu and Kashmir
- Ladakh
- Delhi
- Uttarakhand
- Haryana
- Assam
- Arunachal Pradesh
- Manipur
- Meghalaya
- Mizoram
- Nagaland
- Tripura
- West Bengal
- Bihar
- Jharkhand
- Sikkim
- Uttar Pradesh
GSTR-3B Due Dates – Quarterly Filers (incl. QRMP Scheme)
- Gujarat
- Maharashtra
- Karnataka
- Goa
- Kerala
- Tamil Nadu
- Telangana
- Andhra Pradesh
- Puducherry
- Chhattisgarh
- Madhya Pradesh
- Assam
- Odisha
- Punjab
- Himachal Pradesh
- Uttar Pradesh
- Bihar
- West Bengal
- Jharkhand
- Uttarakhand
- North East States
(Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim)
*Taxpayers are required to check the latest notifications issued by the GST authorities for any changes.
GSTR-3B VS GSTR-1: COMPARISON
Reconciliation of GSTR-1 with GSTR-3B is needed to:
- Avoid interest & penalties due to the short payment of tax.
- Know if any invoice is missed out on or duplicated.
- Allow the recipient to claim an accurate input tax credit based on his GSTR-2A & GSTR-2B.
KEY TAKEAWAY
Timely filing of GSTR-3B and payment of taxes help you avoid late fees, interest and penalties, while keeping your GST compliance smooth and your business worry-free.