In comparison to GSTR 1 and GSTR 2 forms, GSTR-3B is essentially a monthly self-declaration submitted by a registered individual. It is a compiled collection of inward & outward supplies initiated by the Indian Government to offer relief to companies that have converted to the GST system.

In other terms, it is a straightforward system for reporting an overview of GST liabilities for a specified tax period. It should be remembered that GSTR-3B cannot be changed, and taxpayers should file a different GSTR-3B for each of their GSTIN. They should make an effort to meet the GSTR-3B tax obligation by filing GSTR-3B prior to the deadline for the same month.

All GST registrants, plus ‘NIL’ returns, shall file GST return 3B. Even so, some registrants are excluded from filing this self-declaration. They’re

  • Suppliers of OIDAR 
  • Non-resident taxable individuals 
  • Input service distributors and composition dealers 
  • Small taxpayers 
  • Non-resident taxable individuals
gstr 3b

GSTR 3B Due Date?

GSTR-3B is submitted on a monthly basis and should be filed before or on the 20th of the next month. For example, the last date for GSTR 3B of March 2021 was 20 April 2021.

Who should you file GSTR -3B?

Any individual who has a GST number is required to file a GSTR-3B return. If you have several GSTNs, you must file a different GSTR-3B for each GSTN.

Even if no purchases occur throughout the month taxpayer must also file Nil GSTR-3B.

The aforementioned registrants are exempt from filing GSTR-3B:

  • Input Service Distributors 
  • Businesses registered under GST Composition Scheme 
  • Suppliers of online information and database access or retrieval services.
  • Non-resident taxable person

Must ReadWhat is GSTR 1?

Late fee for GSTR 3B?

GSTR-3B late fees are ₹20/day (₹10 for CGST & ₹10 for SGST)  for NIL returns and ₹50 (₹25 for CGST & ₹25 for SGST) in all other situations. A NIL return is one where there were no transactions although there are purchases. The highest fine that can be imposed is ₹10,000 (₹5,000 for CGST & ₹5,000 for SGST) for each return.

Late fees for GSTR-3B is to be paid in the following month. You cannot submit a return unless you have paid the prior month’s late fees.

Why is GSTR 3B important?

Although GSTR 3B is temporary, some companies will believe it is unimportant. That being said, you must be conscious of the following issues.

  • Failure to file GSTR-3B can result in a penalty of 18% per year.
  • GSTR 3B is necessary for the planning and submission of corresponding GST returns.
  • The very same details could be used to register GSTR 1.