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GSTR-3B

Details to show in GSTR-3B

April 6, 2018

Hello, in this post we will look into the detailed guide to GSTR-3B. The topics which we will be discussing are meaning of GSTR 3B, Who should file GSTR 3B, Values to be shown in GSTR 3B, due dates, and Late fees and penalty.

What is GSTR 3B?

GSTR-3B is a self-declaration in which you have to report on the transactions monthly from July 2017 to June 2018.

If you have multiple GSTIN registrations, you have to file a GSTR 3B for each of the GSTINs.

In this form, you will be including the total value of the specified fields and not the value of each transaction.

Who should file GSTR-3B?

All the registered taxpayers have to file the return GSTR 3B including the nil returns.

What are the values to be shown in GSTR 3B?

  • Details of Outward Supplies and inward supplies liable to reverse charge
GSTR-3B
  • Details of inter-state supplies made to unregistered persons, composition taxable persons and UIN holders for the above shown supplies.
GSTR-3B
  • Eligible ITC
GSTR-3B
  • Values of exempt, nil-rated and non-GST inward supplies
GSTR-3B
  • Payment of tax
GSTR-3B
  • TDS/TCS Credit
GSTR-3B

What is the due date for GSTR 3B filing?

The due dates for filing of GSTR 3B from August 2017 to June 2018 are:

Month

Due date for GSTR-3B

August 201720th September 2017
September 201720th October 2017
October 201720th November 2017
November 201720th December 2017
December 201720th January 2018
January 201820th February 2018
February 201820th March 2018
March 201820th April 2018
April 201820th May 2018
May 201820th June 2018
June 201820th July 2018

Late Fees and Penalty

 Late Fee for filing GSTR-3B after the due date is as follows:

  • Rs. 50 per day of delay
  • Rs. 20 per day of delay for taxpayers having Nil tax liability 

Note – Late fee for the month of July, August, and September has been waived.

 This ends our post on GSTR-3B. Let us know your opinion about this post by commenting below. 

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