The GSTR-3B returns form is something that you must file every month as a registered taxpayer. This form will contain a consolidated summary of every inward and outward supply your business has been involved with, in a relatively simplified form. Some of the features are as follows:
Your GSTR-3B form will contain a summary of your sales figures for the month, the input tax credit (ITC) that you have claimed and the tax you are liable to pay for the period.
You will need to fill this particular returns form after you have filed your returns under the GSTR-1 and GSTR-2 forms, even if you are not liable to pay any tax for that particular period.
Once the GSTR 3B has been filed, it is impossible to revise it.
If you are a registered taxpayer with a valid GSTIN number, you compulsorily have to file the GSTR-3B returns, even if you are not liable to pay any GST for that month. However, you do not need to file GSTR 3B returns if you are:
A taxpayer registered under the composition scheme
An input service distributor
A non-resident supplier of an Online Information Database Access and Retrieval (OIDAR) service
A non-resident taxable person
Note that even if you are a small taxpayer whose annual turnover is less than ₹5 Crores, you have to file the GSTR 3B returns. You can either do it monthly or quarterly if you opt for the Quarterly Returns Monthly Payment (QRMP) scheme.
The due date for filing your GSTR-3B returns for a given month is the 20th of the following month. For example, if you are filing your GSTR-3B for the month of April 2022, you must file it by May 20, 2022.
However, if you are a taxpayer who has opted for the QRMP scheme, you can file the GSTR-3B returns for every quarter anywhere between the 22nd-24th of the following month.
Note that the exact due date will depend on the state or union territory where your business is located. Additionally, you must remember that you will need to make the tax payment on or before the specified deadline to avoid hefty late payment fees and charges.
The GSTR-3B format is essentially made up of the following sections.
Section 1: A questionnaire concerning your business activities and the tax you are liable to pay for the current tax month.
Section 2: Next, you will see a section showing your GST-related information, inclusive of your return status.
Section 3.1: Then, you will see a section which will have information concerning tax levied on you for inward and outward supplies on which you are entitled for a reverse charge.
Section 3.2: After that, you will see a section containing information regarding inter-state supplies made to UIN holders, unregistered persons, and people that have opted for the composition scheme.
Section 4: Next, you will see information regarding the quantum of the input tax credit (ITC) you are eligible to get.
Section 5.1: You will now see all the information regarding supplies that are exempt from GST (if any).
Section 5.2: After that, you will see information regarding the applicable interest and late fees.
Section 6.1: Finally, you will see a page that mentions everything concerning the payment of your GST liabilities for the month or the quarter.
The only prerequisite for filing GSTR-3B returns is that to do so, you need to file the GSTR-1, GSTR-2, and GSTR-3 forms. Keep in mind that you can pay your tax liabilities through the online method or via challans in banks.
The GSTR-3B filing process is as follows:
Step 1: Log on to the GST portal with your login credentials.
Step 2: Next, select ‘Services’ and then click on the ‘Returns’ option. Click on that and then click on the ‘Returns Dashboard’ to proceed.
Step 3: After that, you will be taken to the ‘File Returns’ page. Here, you must select the relevant financial year and then the ‘Return filing’ period from the drop-down menu that you will see. To proceed, click ‘Search’.
Step 4: You will then see a list of GST return forms pop up in front of you. Out of this list, you must select ‘Monthly Returns GSTR-3B’ and then click on ‘Prepare Online’.
Step 5: Performing the above step will take you to the GSTR-3B form, where you will be required to fill up all the relevant details. After doing so, you can either click on the ‘Save’ option if you want to edit the details later, or you can click on ‘Submit’ if you have filled it in entirely and think that it needs no amendment. Once you click on ‘Submit’, you will see a success message on the top of your screen and the status of your GST filing will change from ‘Not filed’ to ‘Submitted’.
Step 6: Once submitted, help yourself to the ‘Payment of Tax’ section of your returns where you must pay your dues. After doing that, click on the ‘Offset Liability’ and then click on ‘Ok’ on the pop-up message that will appear afterwards.
Step 7: To complete the GSTR 3B filing and tax payment process, click ‘Proceed’ on the warning message which will show up if you want to go ahead and file it. Once that is done, you will see a success message.
To view your GSTR-3B filing status, follow the steps mentioned below:
Step 1: Log onto the GST portal with your user ID and password.
Step 2: Click on the ‘Returns Dashboard' button on the main homepage.
Step 3: Next, select the financial year, the relevant return filing period, and click on ‘Search’.
Step 4: After you do that, you will be able to see all the GST returns you have filed for that month along with their filing status.
The applicable late fees for missing the GSTR-3B due date is as follows:
If you are not liable to pay any tax for that month, you will need to pay ₹20 per day of delay.
If you are liable to pay tax for that month, the applicable late fee would be ₹50 per day of delay.
If there is any outstanding tax amount, a penal interest rate of 18% per annum will be charged on it.
Yes, it is compulsory for you to file the GSTR 3B returns for every tax period, even if you are not liable to pay any GST for that term.
Yes. Even if you have not made any transactions using your GSTIN, you still need to file your GSTR-3B returns on time.
If your annual turnover limit is ₹5 Crores or more, you need to file your GSTR 3B returns monthly by the 20th of the following month. If your turnover is less than that, you can either file the same monthly or you can opt for the QRMP scheme and file it every quarter.
No, you cannot file one single GSTR-3B form for two separate GST identification numbers.
As GSTR-3B is essentially a self-declaration of all the supplies, no invoice matching happens.