GSTR-3B will not be necessary for all there are some distinctive instances. Let’s discover out who all can exempt GSTR-3B submitting:

  • Enterprise falls underneath the composite scheme
  • Individuals who aren’t registered
  • Distinctive identification holders Keynotes associated to GSTR 3B:
  • GSTR-3B must on 20th of each month
  • If a enterprise fails to file GSTR-3B then he has to pay 18% of tax as penalty fees
  • It is necessary for all even if you’re not registered underneath GST
  • GSTR-1 might be filed utilizing similar information filed in GSTR-3B
  • GSTR-3B wants file individually for every GST quantity
  • This submitting cannot be revised, not like different filings. GSTR-3B might be revised solely by way of GSTR-1, GSTR-2 & GSTR-Three filings
  • GSTR-3B have to file each month as much as June 2018
  • All taxes have to be paid earlier than submitting GSTR-3B
  • GSTR-3B is a abstract of all different filings. So, in GSTR-3B enter complete gross sales figures, buy quantity, enter tax credit score quantity & complete funds.
  • GSTR-3B cannot be used to assert any refund
  • For migrated taxpayers, it’s a necessity to offer all particulars talked about in REG-26 to file GSTR-3B

Now the best way to file GSTR-3B: Element GSTR-3B submitting course of on Authorities portal:

  • First, go to GST portal gst.gov.in
  • Then discover RETURNS underneath SERVICES button
  • GSTR-3B have to file on govt. GST portal i.e. gst.gov.in
  • Then click on on Returns DashBoard and fill the required interval for return submitting
  • Right here it’s essential enter the Return Submitting Interval & Respective Yr particulars to start out the return submitting course of
  • Then click on the SEARCH button
  • Now you will notice numerous returns submitting buttons. You must choose the GSTR-3B return submitting field and click on on PREPARE ONLINE
  • Then Click on on OK button to proceed
  • This can redirect you to a web page the place you want give solutions to plenty of questions to achieve to the related part
  • Reply all questions and click on on subsequent to proceed
  • You will notice the GSTR-3B web page to offer inward provides, outward provides and many others. particulars
  • Now you will notice completely different tiles with completely different heads, click on on the respective tile and refill particulars
  • And you will notice all particulars entered underneath respective heads
  • Then do a correct overview and click on on SAVE GSTR-3B
  • It’s also possible to preview the main points submitted by you, click on on PREVIEW DRAFT GSTR-3B and confirm all particulars
  • Then a PDF will pop up displaying tax particulars
  • Click on on PROCEED TO PAYMENT
  • You will notice money & ITC out there on the respective date. Now test if the out there money steadiness is sufficient to pay liabilities or not
  • If the out there money steadiness is much less then you might create a challan for relaxation quantity
  • Click on on MAKE PAYMENT/POST CREDIT TO LEDGER button to repay the liabilities or to assert credit score in case of no liabilities.
  • Now you will notice a message asking a affirmation to credit score declare & utilization
  • Click on on YES button
  • Go to the underside of the web page and you will notice a declaration message with a checkbox
  • Now click on on PROCEED TO FILE button
  • Click on on the field and choose the licensed signatory
  • Backside of that you will notice two choices one is FILE GSTR-3B WITH DSC and different one FILE GSTR-3B WITH EVC
  • Click on on the suitable button
  • You’ll obtain a warning message asking whether or not to proceed with GSTR-3B submitting or not
  • Click on on PROCEED
  • Enter the OTP despatched to the registered cell quantity & electronic mail id of the licensed signatory
  • Now you’ll obtain a affirmation message and the standing of GSTR-3B return will change to FILED
  • It’s also possible to view the return particulars by clicking on VIEW GSTR-3B

GSTR-3B submitting dates

  • For the month of July 2017 – 20th & 28th of August 2017
  • For the month of August 2017 – 20th September 2017
  • For the month of September 2017 – 20th October 2017
  • For the month of October 2017 – 20th November 2017
  • For the month of November 2017 – 20th December 2017
  • For the month of December 2017 – 20th January 2018
  • For the month of January 2018 – 20th February 2018
  • For the month of February 2018 – 20th March 2018
  • For the month of March 2018 – 20th April 2018
  • For the month of April 2018 – 20th Might 2018
  • For the month of Might 2018 – 20th June 2018
  • For the month of June 2018 – 20th July 2018 Now you understand how to file GSTR-3B within the easiest method. However there are some paperwork wanted on the time of GSTR-3B submitting. If you’re utilizing any accounting software program to do your accounting then you’ll get all studies helpful and this makes GST return submitting straightforward & fast. I want to recommend you the perfect cloud GST accounting software program for small companies could be SlickAccount. The federal government of India made an unbelievable innovation by way of GST because it made all companies to return underneath one GST regime. Make your ardour to present born to a startup and empower the small enterprise & startup ecosystem.

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