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It is not possible to revise GSTR-3B once filed.
But Government has now allowed to ‘Reset GSTR 3B’ through which the status of ‘Submitted’ will be changed to ‘Yet to be Filed’, and all the details filled in the return will be available for editing. All the entries posted in the Electronic Liability Register will be deleted and the ITC of this return integrated with the Electronic Credit Ledger will be reversed. This option can be availed only once.
This option to correct /alter data can be used only before filing the GSTR-3B. Hence, note that GSTR-3B once filed, cannot be revised
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1st February 2022
Budget 2022 updates-
1. The last date to make amendments, corrections in GSTR-3B, and claim any missed Input Tax Credit or ITC of one financial year is no longer due date to file September return of the following year, but it is 30th November of the following year or filing of annual return, whichever is earlier.
2. GST registration can be cancelled if GSTR-3B is not filed for continuous tax periods under Section 29.
29th December 2021
CGST Rule 36(4) is amended to remove 5% additional ITC over and above ITC appearing in GSTR-2B. From 1st January 2022, businesses can avail ITC only if it is reported by supplier in GSTR-1/ IFF and it appears in their GSTR-2B. Section 16(2)(aa) was notified on 21st December 2021.
21st December 2021
1) From 1st January 2022, taxpayers cannot file GSTR-1 if the previous period’s GSTR-3B was not filed.
2) From 1st January 2022, the GST officers can initiate recovery proceedings without any show-cause notice against taxpayers who under-report sales in GSTR-3B compared to GSTR-1.
Let’s see how it is to be done:
Step 1: Login to the GST portal and to go to the’ RETURN DASHBOARD’
Step 2: Select the year and the month for which you want to reset GSTR-3B
Step 3: Click on Prepare Online
Step 4: Since you have already submitted return, option to ‘Reset GSTR 3B’ will be activated
Step 5: Click on ‘Reset GSTR 3B’
Step 6: Click on ‘Yes’ and ‘OK
Now that you have reset the return and status changed to ‘Yet to be filed’ make changes to return and submit again. Note: Details provided in the return will not be changed only status changes.
Remember you can reset the return only once.
On reviewing, If you find errors or need to make changes, you can go to the tiles and edit figures.
Invoice level details need not be provided in the GSTR-3B. Thus, this leaves scope for errors while computing output tax liability and Input tax credit (ITC) leading to the incorrect tax paid. Any incorrect computation of tax liability would add on to the additional compliance burden of the taxpayer.
There was no option for making changes or corrections in the GSTR-3B once you clicked on ‘SUBMIT’ button. You had to directly proceed to file using the DSC or EVC. The taxpayers were therefore inconvenienced if they committed any errors while submitting GSTR details in the values or tax figures or omitted to furnish some information in the return.
The Government has now provided a breather to taxpayers by allowing them to make a one-time correction in the Tax figures posted to Electronic Liability Ledger before making payment of tax in GSTR-3B by the introduction of the ‘RESET GSTR-3B’ feature. Therefore, these options give the taxpayer chances to be cautioned of any errors apparent on record and make corrections.
The taxpayer once submits the return cannot change the value of Outward supplies. The value of outward supplies gets locked and any corrections or changes intended to be made has to be done while filing the GSTR-1.