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.
In the 39th GST council meeting, the Union territory of Ladakh has been releived from GSTR 3B till 24th march 2020 for the month of July, 2019 to January, 2020.
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, 22th, 24th 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 Due Dates For February To July 2020
|Annual Turnover||Month with Extended Due Dates|
|Annual Turnover of more than INR 5 Cr in Previous FY||
February to April 2020 – 24th June 2020 | Official Notification , Note: Interest is NIL for the first 15 days, 9% after 15 days till 24th June and 18% thereafter
|Annual Turnover Less Than 5 Crore||
State 1 Group (Gujarat, Maharashtra, Karnataka, Telangana, Goa, Kerala, TamilNadu, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Chhattisgarh, Madhya Pradesh Puducherry, Andaman and Nicobar Islands or Lakshadweep)
February 2020 – 30th June 2020
State 2 (Delhi, Punjab, Jharkhand or Odisha,Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Manipur, Mizoram, Tripura, Meghalaya,Sikkim, Arunachal Pradesh, Nagaland, Assam, West Bengal, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Himachal Pradesh)
February 2020 – 30th June 2020
Note: Interest 9% after extended due date to 30-09-2020 and 18% thereafter Read Notification
|Annual Turnover more than 1.5 crore to upto INR 5 Cr in the Previous FY||
February and March 2020 – 29th June 2020
April 2020 – 30th June 2020 | Official Notification
|Annual Turnover upto INR 1.5 crore in Previous FY||
February 2020 – 30th June 2020
|December 2019||20th January 2020|
|November 2019||23rd December 2019 (Revised)|
|October 2019||20th November 2019|
|September 2019||20th October 2019|
|August 2019||20th September 2019|
|July 2019||22nd August 2019 | Note: “The due date extended till 20th September 2019 for notified districts of Maharashtra, Gujarat, Bihar, Kerala, Karnataka, Odisha, Uttarakhand and also for registered persons whose principal place of business is in J&K.|
|June 2019||20th July 2019|
|May 2019||20th June 2019|
|April 2019||20th June 2019 (Odisha) ||
|April 2019||20th May 2019|
|March 2019||23rd April 2019 (Revised)|
Latest Update Note:GSTR 3B Based On Categories Of Taxpayers
Amidst the struggle faced by taxpayers in terms of GST filing, the tax administration has now decided to provide some relief in the form of extended due dates. The government has given three due dates for filing GSTR 3B.
Taxpayers with an annual gross of Rs. 5 Cr or more (in the previous year) and from any part of the country are obliged to file the returns by 20th of the relevant month without late fees.
Similarly, taxpayers with an annual gross of less than 5 Cr and from 15 states are obliged to file returns by 22nd of the relevant month.
Lastly, taxpayers from 22 states and annual gross of less than 5 Cr in the previous year are required to file the returns by 24th of the relevant month. Official Press Release
- “Taxpayers who are yet to file Form GSTR-3B for any month(s) from July, 2017 till Jan., 2020, can now file Form GSTR-3B from 1st July, 2020 till 30th Sept., 2020, without any late fee, for those months in which they did not have any tax liability. However, for the months they had a tax liability, their late fee is capped at Rs 500 per return.” Offical Press Release
- “Seeks to provide one time amnesty by lowering/waiving of late fees for non furnishing of FORM GSTR-3B from July, 2017 to January, 2020 and also seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to July, 2020” Read Notification
- “Seeks to extend due date for furnishing FORM GSTR-3B for supply made in the month of August, 2020 for taxpayers with annual turnover up to Rs. 5 crore.”Read Notification
- Due date extended for furnishing FORM GSTR-3B, Jan-March, 2020 returns for the assesses registered in Ladakh” Read Notification
- The deadline for filing the return under Form GSTR 3B of Central Goods and Services Tax (CGST) Act 2017, falling between March and May 2020, is extended to the last week of June 2020.
- Taxpayers with the aggregate income or annual turnover less than 5 crore per annum has the last due date of GSTR 3B till last week of June 2020 for the month of March April and may. Also there will be no penalty or fees will be levied on this taxes while for the other taxpayer for the same month filing there will be 9% of less Interest rate after the 15 days after the 30th last due date.
- The deadline for filing the returns under form GSTR 3B for the period of April 2020 to September 2020 were prescribed under the notification.
- The assessees registered under CGST Act, 2017 were required to file the return under form GSTR 3B before 24th March 2020 for the period of July 2019 to September 2019. The assessees having the business from the region of Jammu and Kashmir were exempted from the return. The required assessees were needed to file the return online before the due date.
- The assessees registered under CGST Act, 2017 were required to file the return under form GSTR 3B before 24th March 2020 for the period of October 2019 to December 2019. The assessees having the business from the region of Jammu and Kashmir were exempted from the return. The required assessees/lwere needed to file the return online before the due date.
- There due date to file GSTR 3B for the succeeding month (October 2019 to March 2020) is 20th for all the taxpayers. Read Notification
- The late fee shall be completely waived for all taxpayers in case of GSTR-3B for the time period of months/quarters July 2017 to September 2018, which are furnished after 22nd December 2018 but on or before 31st March 2019.
Interest on Late GST Payment & Missing GST Return Due Date Penalty
Registered GST Taxpayers who failed to pay taxes on or before the due rescheduled date will have to pay an additional late fee amount at 9% per annum, the levied 9% interest is just half of the current Intrest rate which was 18%.
For example, If you get failed to pay your taxes on or before the due date, you will have to pay an additional 1000*09/100*1/365 = Rs. 0.24 per day without relaxation at 18% it was 1000*18/100*1/365 = Rs. 0.49 per day as the late fee, Intrest, or penalty.
- Rs. 1000 is the tax liability amount
- 1 is the number of delayed days and
- 18 is the rate of interest (annual).
For more details of GST interest late fee and penalties, you can visit Here
However, if the taxpayer failed to file his/her return within the due dates stated above then he will be liable to pay a late fee of Rs. 50/day i.e.(Rs. 25 per day in CGST and Rs. 25 per day in SGST) if applicable and additionally Rs. 20 per day i.e. Rs. 10/day in each CGST and SGST in case of Nil tax liability. The interest can go at a maximum of Rs. 5000/-, calculated from the due date till the date of returns filed.
The Central Government and the GST council thought about the pressure on the taxpayers and offered some relief, the first one is by reducing the Intrest rate to half and removing the late fees on GSTR 3B filing for the month of August and September. We would also like to inform you that if the taxpayers already paid the late fees, then the paid amount will be credited back to the taxpayers’ ledger.