GSTR-3B

Most of the Indian businesses already started complying with GST. The invoices and pay bills are now raised in the GST format. The government has taken various steps to simplify GST Return filling after he initial malfunctions in filing monthly returns. The government had introduced a simple return form called as GSTR- 3B. Initially, this has to be used only for the month of July 2017 and August 2017 but it used in the year 2018. Every registered taxpayer except for composition scheme needs to file a separate GSTR- 3B for their every GSTIN.

GSTR- 3B is more like a self-declaration return. In this taxpayers are not required to provide invoice level information, only values for each field have to be provided. Every taxpayer registered under GST needs to file GSTR- 3B returns. However, input service distributors, businesses registered under GST composition scheme, Non-resident taxable person, suppliers of online information and database access or retrieval services (OIDAR) person who pay tax themselves does not have to file GSTR- 3B returns. Separate GSTR- 3B needs to be filed for every GSTN in case you have multiple GSTNs. Registered businesses still need to file NIL GSTR-3B, Even if there are no transactions during the month.

GSTR 3B is temporary in nature but not filing GSTR-3B can cause call the penalty of 18% per year, it is required for preparation of filing further GST returns and some data can be used to file GSTR-1. As mentioned above GSTR 3B needs to be filed for each GST registration number separately. GSTR 3B needs to be filed online only in the common portal i.e. www.gst.gov.in. The government did not provide any offline utility which can be filled and uploaded into the system like GSTR-1. GSTR 3B is needed to be filed even if it is a nil return.

There is no provision for modification of the return once filed. The correction has to be done while filing other return likes of GSTR -1, GSTR -2, GSTR -3. Since invoice-wise details in form GSTR 1 must have to be submitted for the matching and processing of invoices for the refund claim, the refund cannot be claimed under GSTR-3B.

For migrated taxpayers, in order to file GSTR-3B, they need to provide all the information required under REG- 26. Therefore, the person may not be able to file GSTR-3B if the details of enrolment for registration are not fully or properly submitted. Without full payment of the tax due GSTR-3B return cannot be filed if there is any tax payable.

A small business owner gets confused easily with the GST return format provided by the government.  At GSTeFile we’ve made it very easy to generate the GSTR-3B data.