All registered taxpayers have to file monthly, quarterly, and/or annual GST Returns based on the types of taxpayers. Usually, a regular taxpayer has to file two returns per month, one is GSTR 1 (It can be quarterly) and another is GSTR 3B. Here in this post, we will explain the simple guide to GSTR 3B Return.
GSTR 3B- A Monthly GST Return
The implementation of the GST regime has successfully eliminated the cascading taxation effects and has simplified the overall process. Since its introduction, several GST returns forms have been introduced catering to specific purposes. GSTR 3B is one of such vital return forms. Here in this post taxpayers must know about GSTR 3B and its aspects.
What is GSTR 3B return in GST?
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.
Who should file GSTR 3B ?
Every person who has registered for GST must file the GSTR-3B including the NIL returns. However, the following taxpayer does not have to file GSTR-3B.
⚫ Input service distributors and composition dealers.
⚫ Suppliers of OIDAR.
⚫ Non-resident taxable person.
Also Read- Know about GSTR 4 Annual return | Meaning | Applicability | Due dates, etc.
What is the Due Date of GSTR 3B Return Filing?
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 3B?
The GSTR 3B return can be filed online or offline. For filing offline you can download the GSTR 3B offline utility from the portal.
For filing GSTR 3B online – monthly return by normal taxpayers you can watch the video tutorial here.
Apart from the above online method, the GSTR-3B NIL return form can be filed through SMS and the same can be viewed here-
What is the late fee for GSTR 3B return?
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- Know the difference between GSTR 1 and GSTR 3B
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.
Also Read- FAQs on eligibility and applicability Quarterly Return and Monthly Payment Scheme under GST
Other Important points of GSTR 3B
⚫ The payment of tax for GSTR 3B return can be made online through the portal with specified bank net banking or it can be paid through challan at the bank.
⚫ For verification of return, it can be done with OTP or a DSC (Digital Signature Certificate) of the authorized person.
⚫ GSTR 3B needs to be separately filed for each GST registration number.
⚫ It needs to be filed, even it has NIL data.
⚫ GSTR 3B can not be filed without full payment of the tax due.
⚫ Composition dealers are not required to file GSTR 3B returns, they will be required to file quarterly return.
Some Important FAQ for GSTR 3B!
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Can GSTR 3B be filed quarterly?
No, It can only be filed on monthly basis.
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Is it possible to revise GSTR 3B ?
No, GSTR 3B can’t be revised.
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I have no sales or purchases in a month. Should I still file GSTR 3B?
Yes, GSTR 3B has to be filed by every registered person even if there are no transaction in a month.
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Should I need to file state-wise GSTR 3B? (In case of more than 2 GST number.)
Yes, for each GST no. there will be separate GSTR 3B filing.
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Can we file GSTR 3B without payment of TAX ?
No, payment of tax is first and must for filing of GSTR 3B return.
Must Read- GSTR 1 Return- A simple guide to GSTR 1 return
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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)