GSTR-3B is a monthly return to be filed by regular dealers for the period July 2017 to March 2020.
Latest Updates
1st May 2021 (1) The CGST Rule 36(4) restricting provisional ITC claims to 5% of GSTR-2B in GSTR-3B is relaxed for April 2021. The taxpayer can apply this rule cumulatively for both April and May while GSTR-3B for May 2021.
(2) The interest and late fee charged for late filing of GSTR-3B have been relaxed as follows: (a) Turnover is more than Rs.5 crore in the preceding financial year and GSTR-3B is filed on a monthly basis, interest and late fee are relaxed/waived off for April and May 2021 (Due date: 20th May or 20th June) as follows: Interest reduced to 9% for filing on or before 5th May (4th June), but charged at 18% thereafter. No late fee up to 5th May (4th June)
(b) Turnover is up to Rs.5 crore in the preceding financial year and GSTR-3B is filed on a monthly basis, interest and late fee are relaxed/waived off for April and May 2021 (Due date: 20th May or 20th June) as follows: No interest for filing on or before 5th May (4th June), interest reduced to 9% for filing between 6th May (5th June) and 20th May (19th June), but charged at 18% thereafter. No late fee up to 20th May (19th June)
(c) Turnover is up to Rs.5 crore in the preceding financial year and GSTR-3B is filed on a quarterly basis, interest and late fee are relaxed/waived off for Jan-Mar 2021 (Due date: 22nd/24th April) as follows: No interest for filing on or before 7th May (9th May), interest reduced to 9% between 8th May (10th May) and 21st May (23rd May), but charged at 18% thereafter. No late fee up to 21st May (23rd May)
31st December 2020 The due date of GSTR-3B has been revised after the introduction of the QRMP scheme for the period- January 2021 to March 2021, is as follows:
Aggregate turnover exceeding Rs.5 crore in the previous financial year: (a) January 2021 – 20th February 2021 (b) February 2021 – 20th March 2021 (c) March 2021 – 20th April 2021
Aggregate turnover up to Rs.5 crore in the previous financial year:
(1) Not opting for the QRMP scheme:- (a) January 2021 – 20th February 2021 (b) February 2021 – 20th March 2021 (c) March 2021 – 20th April 2021
(2) Opting for the QRMP scheme:- (a) Jan-Mar 2021 – (i) For category X** states/UT: 22nd April 2021* (ii) For category Y** states/UT: 24th April 2021*
*Pay tax on a monthly basis by the 25th of the consequent month for the first two months of the quarter.
22nd December 2020 1. Rule 21 Amended: If the outward supplies reported in Form GSTR-1 are in excess of the outward supplies reported in the GSTR-3B for the said tax period, the GSTIN can be cancelled. 2. Rule 21A(2A) Inserted: If there are significant differences in outward supplies between GSTR-3B & 1, or inward supplies between GSTR-3B & 2B, in contravention of Act/Rules, the said taxpayer’s GSTIN could be suspended. 3. Rule 59(5) Inserted: The GSTR-1 for the current tax period cannot be filed or the IFF cannot be used if: (a) The GSTR-3B was not filed for the preceding two months in case of monthly GSTR-1 filers (b) GSTR-3B was not filed for the preceding tax period in case of quarterly GSTR-1 filers, or in cases where Rule 86B is violated
10th November 2020 The due date for paying GST and filing GSTR-3B has been notified for the months October 2020 till March 2021 as follows: (a) More than or equal to Rs 5 crore as annual turnover in the previous financial year – 20th of the succeeding month (b) Less than Rs 5 crore – (i) 22nd of the succeeding month for category ‘X’ states/UT (ii) 24th of the succeeding month for category ‘Y’ states/UT
**Category ‘X’: Chhattisgarh, Madhya Pradesh, Gujarat, Dadra and Nagar Haveli and Daman and Diu, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh
5th May 2020 (1) Registered taxpayers incorporated under the Companies Act, 2013 can file GSTR-3B returns using the Electronic Verification Code (EVC) option between 21st April 2020 and 30th June 2020. (2) A nil GSTR-3B can be filed via SMS using the registered mobile number and OTP verification. The CBIC has notified the date of applicability as 8th June 2020, from which nil returns can be filed through SMS. (3) The extended due dates for filing GSTR-3B for the taxpayers registered in the UT of Jammu and Kashmir and the UT of Ladakh is as follows: (a) UT of Jammu and Kashmir – For months, November 2019-February 2020 – 24th March 2020 (b) UT of Ladakh – For months – (i) November 2019-December 2019 – 24th March 2020 (ii) January 2020-March 2020 – 20th May 2020
This article contains in detail each section and the details to be provided in it.
Provide GSTIN (you can use your provisional id as your GSTIN if you do not have a GSTIN)
Legal Name of the Registered Person [this field is auto-populated after entering GSTIN]
1. Outward supplies and inward supplies on reverse charge i.e. Details where tax is payable by you
These details are further broken down into the following. For each of these you must provide, the total taxable value (total which has been invoiced). And then further break this up into IGST, CGST, SGST/UTGST and cess if any. Do note that you do not have to provide invoice level detail here. Only the consolidated values for the month must be provided. You do not have to provide GST rate, only the total tax values.
1. Outward supplies and inward supplies on reverse charge i.e. Details where tax is payable by you
Outward taxable supplies – Do not include supplies which are zero-rated, or have a nil rate of tax or are exempt from GST. These must be provided separately. Include only those supplies on which GST has been charged by you. Value of Taxable Supplies = Value of invoices + value of debit notes – value of credit notes + value of advances received for which invoices have not been issued in the same month – value of advances adjusted against invoices Details of advances as well as adjustment of advances against invoices are not required to be shown separately.
Outward taxable supplies (zero-rated) – here include only those supplies on which GST rate is zero. Zero-rated supplies are exports or supplies made to SEZ.
Other outward supplies (nil rated, exempt) – include supplies which are exempt from GST or are nil rated. Nil rated supplies are those for which the GST rate is nil. Or which have been kept exempt from GST. For e.g. salt, puja samagri, curd, lassi, fresh milk. These goods are exempt from GST.
Inward supplies (liable to reverse charge) – provide details of purchases made by from unregistered dealers on which reverse charge applies. In such cases, you have to prepare an invoice for yourself and pay the applicable GST rate of tax.
Non-GST outward supplies – details of any supplies made by you kept wholly out of GST. For eg, alcohol and petroleum products.
3.2 Of the supplied shown in 3.1(a) above, details of inter-state supplies made to unregistered persons, composition taxable persons, and UIN holders.
Under this head further, break up of ‘Outward taxable supplies’ in the above table must be provided. Here you must mention the inter-state supplies which are made to
unregistered persons
composition dealers
those who hold a UIN
UIN holders mean those who have a Unique
Identification Number instead of a GSTIN. These are specialized
agencies of the UNO (United Nations Organisation) or an embassy. Or any
Multilateral Financial Institution and Organisation notified under the
United Nations (Privileges and Immunities) Act, 1947. Any other persons
may also be notified by the Commissioner.
4. Eligible ITC
This is the detail required for input tax credit. It must be provided separately for IGST, CGST, SGST, UTGST, and Cess. Only total values have to be reported and invoice level information is not required.
(A) ITC Available (whether in full or part) – This information must be broken down into ITC on:
import of goods,
import of services,
inward supplies on reverse charge (other than on import of goods and services reported above)
inward supplies from your Input Service Distributor (ISD) basically your head office registered as an ISD under GST
all other ITC
Our experts can help you calculate the amount of credit to be reported here. Input tax credit on the closing stock is not required to be reported here, as this input tax credit must be first reported by filling up TRAN-1 and TRAN-2 forms.
(B) ITC Reversed
As per rules 42 & 43 of CGST Rules – These rules require that input credit must be reversed for goods and services, where they have been used partly for business and partly for other purposes, to the extent not used for business. Similarly, input credit reversal is also required where supplies include taxable, exempt and nil rated supplies. In the same manner, input credit related to capital goods used for business and other purposes, for taxable, exempt, nil rated supplies must also be reversed to the extent not used for business. Details formulae have been prescribed on how to go about doing this.
Others – Any other ITC which has been reversed in the books by you.
(C)Net ITC available (A) – (B) – This will be auto-populated by ClearTax.
(D)Ineligible ITC
As per Section 17(5) – Report credit which is entirely not available to you. Read in detail here.
Others
5. Provide values of exempt, nil rated, and non-GST inward supplies: Here you have to report any purchases made by you of goods or services, which are from a composition dealer, are exempt, nil rated or not covered by GST at all. This information must be broken down into inter-state and intra-state.
6. Payment of Tax
Under this section, you have to report the final tax payable by you on taxable supplies made by you, which will match with 3.1.(a) above. The amount is separately reported under IGST, CGST, SGST, and UTGST. And also report the credit which has been availed against these. This amount is under 4(C). The balance tax must be deposited by you and appears under column 8. If any interest or late fee has been deposited that must also be reported.
6.2 Do note that for now no TDS or TCS have to reported or collected: This section is not applicable for now.
