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GSTR 3B is a return form which must be filed by the taxpayers on a regular basis. It reflects details of sales, ITC claims, tax liability, refunds, etc. To find out what is GSTR 3B, GSTR 3B return due date, late fee and return filing process, read this blog post.
GSTR 3B is a form which must be filed every month. It is a self-declaration form which is filed by a registered dealer in addition to other GST forms, namely, GSTR 1 and GSTR 2. It is basically a collected summary of inward and outward supplies introduced by the government to offer relaxation to businesses that had to transit to the GST regime.
The GSTR 3B filing last date is the 20th day of the month following the tax period. For example, the GSTR 3B due date for October 2024 is 20th November 2024.
GST return 3B must be filed by all the GST registrants every month, even for ‘nil’ returns for ensuring compliance with GST norms. Nonetheless, certain registrants do not need to file this return form, such as:
Suppliers of OIDAR
Input service distributors and composition dealers
Small taxpayers
Non-resident taxable individuals
Non-resident taxable individuals
The GSTR 3B return form can be filed online or in physical mode. The form is available online and can be downloaded easily. Once done, the taxpayer can fill the form and proceed to upload it.
If you have been wondering how to file GSTR 3B on GST portal, then follow these steps to file this return easily:
Step 1: Visit the official website of GST
Step 2: Now, navigate to the ‘services’ tab.
Step 3: Now, you must click on ‘returns’.
Step 4: Thereafter, you have to click on ‘returns dashboard’.
Step 5: Now, you will be directed to the ‘file returns’ page. Here, you must select ‘financial year’ with the help of the drop-down menu.
Step 6: Then, select the applicable ‘return filing period’ and click on ‘search’ option.
Step 7: Locate the option marked as GSTR 3B monthly returns.
Step 8: Thereafter, click on the button ‘prepare online’ and enter all the required information.
Step 9: Now, choose the ‘next’ button.
Step 10: In case of ‘NIL’ returns, the individual is required to choose ‘yes’ answer to the first question and continue choosing answers for the rest of the questions.
Step 11: In the displayed tiles, enter all the applicable values. If applicable, fill in interest and the late fee. If the applicant wants to make any modifications in any tile, they can click on ‘add’ or ‘delete‘ option.
Step 12: Now, click on the ‘confirm’ button and then click on ‘save GSTR 3-B’ button.
Step 13: Now, click on ‘submit’ option once you have verified and cross checked all the entered information.
Step 14: Click on ‘preview draft GSTR 3B’ to check the draft of the GSTR 3B return.
After the successful submission of the return, the ‘payment of tax’ tile will be enabled. To view the cash and credit balance, the applicant can click on the ‘check balance’ option.
Step 15: Choose option ‘Authorized Signatory’ using the drop-down menu.
Step 16: Now, click on ‘file GSTR 3B WITH DSC/ FILE GSTR 3B WIT EVC’ option and then ‘proceed’ button.
After fulfilling all the above steps, a message will be displayed on the applicant’s screen notifying the successful filing of the form. Now, click on ‘ok’. After this, the status of GSTR 3B will change to ‘filed’.
As mentioned earlier, GSTR 3B last date for filing is the 20th day of the month following the tax period. If the taxpayer does not file his GSTR 3B return within the prescribed period, then late fees will be charged.
For taxpayers with tax liability, the late fees is Rs. 50 per day of delay. For taxpayers with ‘nil’ tax liability, the late fees is Rs. 20 per day of delay.
GSTR 3B is a self declared summary return containing various details. This form needs to be filed on a monthly basis. Failing to do so will result in a penalty. By following the steps mentioned in this blog post, you can easily file your GSTR 3B on the official GST portal.
If you need assistance in GST registration for your business, connect with Registrationwala.
Q1. What details are included in the GSTR 3B return?
A. GSTR-3B is a monthly self-declared summary return that includes details of outward and inward supplies, Input Tax Credit claimed, tax liabilities, and the taxes that have been paid.
Q2. Is GSTR 3B return to be filed in case of nil tax liability?
A. Yes, even if the taxpayer’s tax liability is nil, the GSTR 3B return form needs to be filed.
Q3. What is the GSTR 3B due date?
A. GSTR 3B is a monthly form. The due date for GSTR 3B return form every month is 20th of the succeeding month. For instance, the due date to file GSTR 3B for September 2024 would be 20th October 2024.
Q4. What is the point of filing the GSTR 3B return form?
A. In order to declare and timely discharge the summary of GST liabilities for a certain tax period, the GSTR 3B form is necessary.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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