GSTR-3B is a self-declaration form under GST. Unlike other GST forms, Taxpayers need not provide any invoice details while filing GSTR-3B returns. As per the GST Council’s decision, the GSTR-3B returns have to be filed till December 2018 via the GST Portal. GSTR-3B has to be filed by the 20th of the subsequent month. Delays or non-filing of GSTR-3B returns will attract a penalty. Taxpayers are not required to file the GSTR 3B form manually. It is auto-filling by nature. Only sales and purchase values have to be provided by the taxpayer. The Tax Liabilities are before submission. GSTR 3B due dates are mentioned at the bottom while it must be filed every 20th of subsequent month.
On account of the recent updates on the GSTN portal, taxpayers can file the GSTR 3B more easily and quickly than ever before. In a major relief move, the taxpayer who files nil returns now need to file a simple return form with minimum details. Post the implementation of the new functionality. Nil Return Taxpayers are freed of the erstwhile extra details that had to be provided.
GST mandates the filing of GSTR 3B even by those taxpayers with nil returns. GSTR 3B is the monthly self-declaration form that has to be filed by all taxpayers irrespective of the returns. The details that have to be furnished in the GSTR 3B form include:
- Details of sales and purchase made by the registered taxpayer.
- Liable Input Tax Credit
- Liable Tax
- Tax Paid
Some taxpayers are exempted from filing the GSTR-3B form under the GST. These taxpayers include:
- Composition Suppliers and Input Service Distributors
- Suppliers of OIDAR
- TDS Deductors
- TCS Collector
Under the GST norms, failure or delay in filing GSTR 3B will attract fine. Dealy will attract a fine of Rs 50 per day whereas Taxpayers with Nil Tax Liability will be fined Rs 20.
GSTR 3B Form Filing Due Dates for September, October and November 2018
|Period (Monthly)||Due Dates|
|September 2018||25th October 2018|
|October 2018||20th November 2018|
|November 2018||20th December 2018|
- Newly migrated GST taxpayers will have to file GSTR 3B from July 2017 to November 2018 till 31st December 2018.
- Late filing penalty of GSTR 3B form has been exempted for the taxpayers as per latest notification.