GSTR-3B is the summary return that taxpayers must file regularly to show details of sales, ITC claims, tax liability, refunds, etc recorded on their GSTIN. This article gives a comprehensive overview of GSTR-3B and its applicability. Clear provides an end-to-end GSTR-3B filing solution with advanced features for automating sales and ITC reconciliations, maximising ITC claims, Table-4 reporting, ITC offset, vendor communication and filing. Continue reading to know more about GSTR 3B.
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
Late Fee & Penalty for GSTR-3B
- 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
- 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.
Due Dates for GSTR-3B Filing
- 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 below 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).
*To know about the current due dates for GSTR-3B, visit our page on GST Calendar
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.
- Taxpayers (including those not opting for the QRMP Scheme) filing quarterly GSTR-1 returns must still pay tax and file GSTR-3B every month.
GSTR-3B vs GSTR-2A & GSTR-2B: Comparison
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!
Know more about GSTR-2B to reconcile & claim accurate ITC before filing GSTR-3B
Read more on how to compare GSTR-3B vs GSTR-2A easily!
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
- Stay GST compliant and improve the GST compliance rating!
Read more on how to compare GSTR-3B vs GSTR-1 easily!
How to File GSTR-3B on Clear GST Software?
The advanced Clear GST solution provides an end-to-end filing of GSTR-3B at a PAN level across multiple GSTINs. It also provides its users with a smart error correction UI at every stage - upon importing of data, reconciliation/review, uploading prepared data onto the GSTN, and filing with the GSTN, for a quick, hassle-free, and accurate GSTR-3B filing experience.
With the advanced, enterprise-grade ClearGST solution, you can ensure a notice-free and compliant business! Here’re some exclusive features for GSTR-3B you must not miss exploring on the platform-
- PAN-level, end-to-end GSTR-3B filing reduces time spent on filing by over 70%.
- Enjoy a single file import of all docs for preparing sales and purchase data.
- Proactively address errors with our smart error correction on UI, such as the ingestion duplicate warning layer, mismatch in tax rate vs tax amount, and invalid customer GSTINs.
- Pre-upload GSTR-3B validations such as GSTR-1 vs GSTR-3B validation, past GSTR-3B validation, and GSTR-2B vs purchase reconciliation checks.
- Comprehensive reporting dashboard for GSTR-1 vs GSTR-3B vs SR & GSTR-2B vs GSTR-3B vs PR.
- Claim only accurate ITC with Table 4 automation as per the latest GSTR-3B and ITC claim norms.
Below is an overview of steps to file GSTR-3B on Clear GST solution-
