Every taxpayer needs to submit their monthly and/or quarterly return. Among all GST returns most common are GSTR 1 and GSTR 3B. Comparison between both the returns is required as it helps you reconcile the mismatch between them and to understand the concept of both separately. Here in this post, we will Know the difference between GSTR 1 and GSTR 3B.
Difference between GSTR 1 and GSTR 3B
To understand both GST returns separately, it is better to know the difference between GSTR 1 and GSTR 3B. Here is the pointwise difference between both GST returns.
What is GSTR 1 and GSTR 3B?
GSTR 1 Return- The Goods and Service Tax Return 1 (GSTR 1 Return) is a document that every regular taxpayer has to file every month or quarter. It needs to be file even when there is no transaction during the month/quarter.
GSTR 3B Return- The GSTR-3B is a consolidated summary return of inward and outward supply that the government of India has introduced to provide relaxation to businesses that transitioned to the GST regime. In simple words, it is a simplified method that helps to declare the summary of GST liabilities for a given tax period.
Applicability of GSTR 1 and GSTR 3B
For this purpose, there is no difference between GSTR 1 and GSTR 3B. Every person who has registered for GST must file the GSTR-3B and GSTR 1 including the NIL returns. However, the following taxpayer does not have to file both these returns.
⚫ Composition Vendors
⚫ Non-resident Taxable Person
⚫ Input Service Distributors
⚫ Taxpayer liable to deduct TDS
⚫ Taxpayer liable to collect TCS
⚫ Suppliers of OIDAR
Also Read- Difference between GSTR 4 and GSTR 9A- Composition dealer
Due date of GSTR 1 and GSTR 3B
GSTR 1 Due Date- The due date of GSTR 1 return is based on the annual turnover, it can be monthly or it can be quarterly filing. The same is given here-
| Annual Turnover | Filing | GSTR 1 Due Date |
|---|---|---|
| Above Rs. 1.5 Crore | Monthly | 11th of the next month |
| Below Rs. 1.5 Crore | Quarterly (Optional) | The last date of the month succeeds the quarter |
GSTR 3B Due Date- It is a type of GST return filed on monthly basis. The due date of GSTR 3B return is the 20th of the following month. e.g. for the month of November 2020, the due date is 20th December 2020. Due to the Covid-19 situation in the country, the above due date for a particular month may vary from time to time.
How to file GSTR 1 and GSTR 3B
Both the returns can be filed online or offline, for the complete procedure of the same you can read a complete tutorial about GSTR 1 and GSTR 3B.
GSTR 3B Return- A Simple guide to GSTR 3B
GSTR 1 Return- A Simple guide to GSTR 1
Late Fee for GSTR 1 and GSTR 3B
GSTR 1 late fees- Currently, the late fee for GSTR 1 late filing is Rs. 50 per day and Rs. 20 per day in case of NIL return and originally the late fee is Rs. 200 per day in case of delay (Rs. 100 for CGST Act and Rs. 100 for SGST Act).
GSTR 3B late fees- As per GST laws, the late fee is an amount charged for delay in filing of GST returns. The late fee for GSTR 3B return is as follow-
| Supply | GST Act | Late Fee for every day of delay |
|---|---|---|
| Intra State Supply | CGST Act | Rs. 25 |
| SGST Act | Rs. 25 | |
| Inter State Supply | IGST Act | Rs. 50 |
Note- The maximum late fee for GSTR 3B is Rs. 5,000 per act per month.
Also Read- GSTR 9 and 9C- Things you need to know before filing
NIL GSTR 3B Late Fee- The NIL return will attract below mentioned late fee-
| Supply | GST Act | Late Fee for every day of delay |
|---|---|---|
| Intra State Supply | CGST Act | Rs. 10 |
| SGST Act | Rs. 10 | |
| Inter State Supply | IGST Act | Rs. 20 |
Note- A return in which there is no sale but has only purchases is also considered as a NIL return.
Difference between GSTR 1 and GSTR 3B – Chart Comparision
Here is the complete chart, showing the difference between GSTR 1 and GSTR 3B.
| Particulars | GSTR 1 | GSTR 3B |
|---|---|---|
| Basic | GSTR 1 is a sales return that is required to be filed by the regular taxpayers under the GST regime. | The GSTR-3B is a consolidated summary return of inward and outward supply |
| Filing | This return can be filed monthly or quarterly depends on the turnover of the assessee. | This can only be filed on monthly basis. |
| Due Date | For monthly return, the Due Date is the 11th of next month and for quarterly return, it is the last date of the month succeeds the quarter. | The due date of GSTR 3B is 20th of next month. |
| Revision | GSTR 1 once submitted can not be changed. | In GSTR 3B, Once the liabilities become set-off it can’t be revised. |
| Payment of Taxes | No tax payment in GSTR 1. | Payment of tax is compulsorily required to be made (if any) before filing. |
| Details | GSTR 1 shows the complete details of all the outward supplies made during the tax period. | GSTR 3B contains the details of supplies made, input tax credit claimed, purchase on which reverse charge is applicable etc. |
| Invoice Details | This return contains the details of outward supplies on each invoice basis. | This contains of details of outward supplies on lumpsum basis. |
| Late Fees | Rs. 50 per day and Rs. 20 per day in case of NIL return. | Refer above points wise discussion |
FAQ for GSTR 1 and GSTR 3B
-
Can we file GSTR 1 before GSTR 3B?
Yes, you can file GSTR 1 before filing GSTR 3B.
-
Is GSTR and GSTR 3B mandatory to file ?
Yes, both returns are mandatory to file otherwise penalty will be levied.
-
Can GSTR 1 be filed before GSTR 3B?
Yes, you can file GSTR 1 before the filing GSTR 3B, and where GSTR 1 is chosen monthly, the due date of GSTR 1 falls before the due date of GSTR 3B.
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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)