What does Gstr 3B contains?

What are the contents of the GSTR-3B report?

Sales supplies (zero rated)
Sales supplies (other than zero rated, nil rated and exempted)
Other sales supplies (nil rated and exempted)
Purchase supplies liable for reverse charge.
Non-GST sales supplies (for example, petrol)

What is the difference between gstr1 and gst3b?

GSTR 3B shows supplies during the month together with GST paid, Input Tax Credit availed, and reverse charge purchases etc. On the other hand, GSTR 1 is a monthly/quarterly return that shall be filed by taxpayers. GSTR 1 helps in disclosing details of monthly/quarterly sales and tax liability.26-Aug-2022

How is gst3b calculated?

This GSTR-3B calculation Sheet can be used to calculate Monthly GST liability along with late fees and Interest if Any.GSTR-3B Calculation Sheet (Updated on 31.01. 2021)

Who is liable for Gstr 3B?

Filing GSTR 3B form is mandatory for all those who have registered for the Goods and Services Tax (GST). The GSTR 3B is a simple tax return form introduced by the Central Board of Excise and Customs (CBEC) for the month of July and August.16-Nov-2017

Is Gstr 3B mandatory?

Is filing GSTR 3B mandatory? Ans. Yes, filing GSTR3B filing is mandatory for all the normal and casual taxpayers, including those with no business in the particular tax period.26-Apr-2021

What is Gstr 3B with example?

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.

How do I submit a gst3b return?

How can I create, save, pay taxes and file Form GSTR-3B return?

Login and Navigate to Form GSTR-3B – Monthly Return page.
Enter Details in Section - 3.1 Tax on outward and reverse charge inward supplies.
Enter Details in Section - 3.2 Inter-state supplies.
Enter ITC Details in Section - 4.
Enter Details in Section - 5.

Can we file Gstr 3B without filing Gstr 1?

YOU HAVE TO FILE GSTR 1 ON DUE DATE. well said by RAHUL MORADIA.

What is Gstr 1 and Gstr 2 and Gstr 3B?

What's the difference between GSTR 1 and GSTR 3B? GSTR 1 is a return of reporting. It is filed by the taxpayers either monthly or quarterly. This return indicates your return on outward supplies, which is nothing but a sales return. GSTR 3B is the return of tax payments.

What is the penalty for not filing Gstr 3B?

(a) In case of nil GSTR-3B filing, the maximum late fee charged shall be capped at Rs. 500 per return (i.e Rs. 250/- each for CGST & SGST).28-Mar-2022

What is Gstr 3B due date?

The taxpayer can file GSTR 3b from 1st July 2017 to January 2020 without late fees from 1st July to 30th September.08-Jul-2022

Does Gstr 1 have late fees?

Also, the original late fee for Nil return filers used to be Rs. 25 per day under each CGST Act and respective SGST/ UTGST Act.Late Fees and Penalty.

Is Gstr 3B monthly return?

GSTR-3B is a monthly return. All regular taxpayers need to file this return till March 2021. You can file your return on GST Portal.23-Feb-2022

What is the turnover limit for Gstr 3B?

₹5 Crores

Can we file GST return without CA?

GST taxpayers with a turnover of over Rs 5 crore can now self-certify their annual return, instead of a mandatory audit certification by chartered accountants, the CBIC has said.01-Aug-2021

What happens if Gstr 1 is not filed?

If you do not file the GSTR 1 on time, your supplier cannot get the ITC. If you do not file GSTR 3B of previous period, the GSTR 1 cannot be filed. By mistake, you have declared more tax lability in your GSTR 1, you have no choice, but to pay this extra liability.04-Jan-2022

Can I file Gstr 1 before due date?

For businesses with turnover below 1.5 crores can file their form GSTR-1 on a quarterly basis, on or before the 30th day of the month succeeding the quarter till Oct 2020.

What is r1 return in GST?

Who is required to file Form GSTR-1? Form GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.

What is Gstr-2A in GST?

Form GSTR-2A is a system generated Statement of Inward Supplies for a recipient. Form GSTR-2A will be generated in below scenarios: When the supplier uploads the B2B transaction details in their Form GSTR-1 / 5. ISD details will be auto-populated on submission of Form GSTR-6 by their Input Service Distributor.

What is Gstr 2B in GST?

GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor).

What is the late fee for Gstr 3B for nil return?

Late fees for GSTR-3B is Rs. 20 (Rs. 10 for CGST and Rs. 10 for SGST) per day for NIL returns and Rs.

What does Gstr 3B contains?