GSTR-3B is a self-declared summary return of inward and outward supplies to be filed every month (quarterly under QRMP Scheme) by every person registered under GST. It declares summary of GST Liabilities for a tax period.

• Separate GSTR-3B has to be filed for every GSTIN one have
• GSTR-3B cannot be revised once it is filed
• GSTR-3B should be filed compulsorily even in case of zero liability i.e. NIL Return has to be filed

Every registered person is required to file GSTR-3B. However, below mentioned are some exceptions.

• Taxpayers registered under composition scheme.
• Input Service Distributor
• Non- Resident Taxable Person
• Person liable to deduct tax at source
• Person liable to collect tax at source

• The due date was 20th of subsequent month upto December 2019
• The dates have been staggered from January 2020 onwards.
  • In case Annual Turnover in PY is below 5cr. – Due date is 20th of every month
  • In case Annual Turnover in PY is above 5cr. – Due date is 22nd or 24th of every month
• Under QRMP Scheme, from January 2021 onwards, due date is 22nd or 24th of every quarter, as per State or UT of Principal Place Of Business.

If Due Dates are not complied with, late fee is charged which is as follows.

• Rs. 50/day
• Rs. 20/day in case of taxpayers having NIL tax liability

Moreover, penalty is imposed if dues are not paid within the due dates. Interest @ 18% p.a. is charged on the outstanding amount of tax.

Details of outward and inward supplies liable to reverse charge and tax liability

Details of Inter- State supplies made to unregistered persons, composition taxable persons and UIN Holders

Details of ITC

Details of NIL, Exempt and Non-GST inward supplies

Details of interest and late fee (if any)

Details of TDS or TCS Credit

Sales Invoices

Purchase Invoices

GST Login Details

We at Taxcellence specialize in Finance and Taxation and strictly adhere to client requirements. Our expert team shall in the minimal time and with utmost efficiency provide solutions. One of the members from our expert team shall be assigned within 24 hours and with the above mentioned documents the process of preparation and filing GST Return shall be completed within next 2 working days.