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.
- A separate GSTR-3B must be filed for every GSTIN
- The GST liability must be paid on or before the date of filing GSTR-3B, earlier of its due date
- The GSTR-3B once filed cannot be revised
- Even in case of a zero liability, GSTR-3B must be compulsorily filed
Who should file GSTR 3B?
Every person who is registered under GST must file GSTR-3B.
However, the following registrants do not have to file GSTR-3B
- Taxpayers registered under the Composition Scheme
- Input service distributors
- Non-resident suppliers of OIDAR service
- Non-resident taxable persons
Late Fee & Penalty
A late fee is charged for filing GSTR-3B of a tax period after the due date. It is levied as follows:
- 50 per day of delay
- 20 per day of delay for taxpayers having nil tax liability for the month.
If the GST dues are not paid within the due date, interest at the rate of 18% per annum shall be levied on the amount of outstanding tax to be paid.
Due Dates for GSTR-3B Filing
- If the turnover is more than Rs. 5 crore or the turnover is below Rs. 5 crore and not opting for filing under QRMP scheme: The due date is 20th of the subsequent month
- Taxpayers opting for the QRMP scheme: The due date is 22nd or 24th of the month following every quarter, as per the State/UT of the principal place of business.
22nd of the month following every quarter- Registered persons whose principal place of business is in the states of Chhattisgarh, Madhya Pradesh, Gujrat, Maharashtra, Karnataka, Goa, Kerala, Tamilnadu, Telangana, Andhra Pradesh, Union Territories of Daman & Diu & Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep
24th of the month following every quarter- Registered persons whose principal place of business is in the states of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Tripura, Manipur, Mizoram, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.
Important Points
- Taxpayers must ensure to pay taxes and file GSTR-3B within the deadline.
- The late filing of GSTR-3B attracts a late fee and interest at 18% per annum.
- In case the tax was paid within the due date but the GSTR-3B was filed after the deadline, both late fees and interest will apply.
- Taxpayers, including those not opting for the QRMP Scheme or filing quarterly GSTR-1 returns, must still pay tax every month.
Also Read: All about GSTR-1
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