All you need to know about GSTR-3B return filing

What is GSTR 3B return?

Let’s start with a basic understanding about GSTR-3B Return from the following table listed below:

GSTR 3B return is a temporary monthly GST return. It was envisaged to be filed from July 2017 till March 2018. However, GSTR 3B has been continued to date.

Under GST, every registered dealer needs to file the three returns in a month

1. Return stating the Outward supplies in GSTR 1 ;
2. Return comprising details of Inward supplies in GSTR 2;
3. GSTR 3 is the final monthly return and calculates other details on the basis of the above two returns.

Therefore, you need to file a total of 36 returns each year. In addition to this, there is one annual return (GSTR-1) as well. This brings the total to 37 returns in a year. For a smooth transition to GST, the mandatory filing of GSTR 2 and GSTR 3 has been done away with for now. Additionally, there has been rationalization in the number of returns for small traders with a turnover of up to Rs 1.5 crores.

GSTR-3B Summary Mapping: A thorough understanding of the return

Does one need to fill up all the details mentioned above?

Till about a few months back, there was no provision to file NIL GSTR 3B Return. All taxpayers were shown all tiles along with the payment tile. With the recent changes on GSTN portal , in case a taxpayer selects an option to file NIL GSTR 3B return, he can straightaway file NIL Return with the help of questionnaire based model of filing GSTR-3B return. You can file a NIL return if you have not made any outward supply and have not received any goods or services and do not have any GST liability.

In fact, basis your response to the questionnaire, only the requisite tiles/sections appear in GSTR 3B form.

How to file GSTR-3B online?

It is similar to filing regular GST returns. One can file GSTR 3B return through the GSTN portal, the online GST filing portal of the Government of India.

 Below is a step-by-step rundown on the details you need to provide while filing GSTR3B return.

1. GSTIN details with month and year: This will be auto-populated. You just need to specify the month and the year for which GSTR 3B return is to be filed.
2. Outward supplies and supplies which attract GST under Reverse Charge mechanism : You need to provide details of taxes paid on Outward taxable supplies (other than Zero rated, nil rated and exempted supplies) and supplies which are nil rated, zero rated and exempted supplies under separate rows. It also contains details of inward supplies that are liable to reverse charge. [Note: Taxes have to be entered in respective columns for IGST tax liability under IGST Tax rate column, for CGST under CGST tax rate column and similarly for SGST, IGST and Cess of any should also to be mentioned in separate column allotted for the purpose in the 3B Return.
3. Inter-state Supply to certain persons : This covers supplies to the following persons : (a) Unregistered person; (b) Composition taxable person; (c) UIN holders. Here the taxpayer has to additionally quote in his return the place of supply in every such transaction entered with these taxpayers as mentioned above.
4. Eligible Input Tax Credit: You need to enter all details relating to Input Tax Credit. This includes available, reversed, net, and ineligible ITC.
5. Inward supplies (Non-Taxable): You need to provide details of supplies which are not taxable for any reason. They may be exempt, taxable at nil rate, or supplies from Composition tax dealers or they may not fall under GST altogether.
6. Payment of Tax: This will include details of net tax payable under IGST, CGST, SGST and Cess. In this table, the taxes are settled by paying through the input tax credits and balance payable, if any, gets transferred to E cash liability which is subsequently settled by paying taxes and updating the cash ledger.
7. TDS/TCS Credit: You need to fill the details of tax deducted as well as collected at source under IGST, CGST, and SGST. These provisions are still locked in the return. Therefore, you will not be able to fill this row in GSTR3B return.

This post has been contributed by Tally Solutions.