You are very well-known for the GST regime if you own a business or are a tax professional in India. In the Goods and Services Tax (GST), companies must submit various returns to disclose their tax obligations. Among these returns, GSTR-3B holds a paramount position. Explore GSTR-3B return filing due dates, late fees, format, filing rules, and eligibility. The GST Council has relaxed the filing of GST Returns for 1st six months. Here is all you need to know about GSTR 3B to be filed for these 6 months. If you file monthly, your GSTR 3B due date is the 20th of the month following your filing date, and if you file quarterly, your date depends on the state or union territory of your principal place of business. GSTR-3B late filings are subject to a late filing fee and interest. GSTR 3b due date for quarterly return.
There are two turnovers filed in GSTR 3B and have different due dates under which annual turnover of more than INR 5CR in the previous FY (monthly) i.e. February 2024 – 20th March 2024. The annual turnover of up to 5CR in the previous FY built opted monthly filing has February 2024 – 20th March 2024. The annual turnover of up to INR 5 crore (quarterly ) has January – march 2024 for certain states and another group state 2.
In this article, we will delve into the intricacies of the GSTR 3B return due date and the steps necessary to ensure punctual and precise filing. The implementation of the GST regime has effectively eradicated the burden of cascading taxation and has streamlined the entire tax process. Since its inception, various GST return forms have been introduced, each serving specific purposes, and among them, GSTR-3B holds a pivotal role. below are the complete GSTR 3b due date extended and non-extended monthly and quarterly details in this post.
The introduction of the GST framework has effectively eradicated the cascading tax effects while streamlining the overall taxation process. Since its inception, several GST return forms have been introduced, each tailored to specific purposes. GSTR-3B stands out as one of the crucial forms in this regard. To reap the benefits and avert potential consequences, taxpayers must acquaint themselves with the intricacies of filing GSTR-3B and other pertinent aspects. To reap the benefits and avoid potential repercussions, taxpayers must acquaint themselves with how to file GSTR-3B & GSTR 3B due date and other essential aspects.
What is the GSTR 3B Form?
GSTR-3B is essentially a monthly self-declaration filed by a registered dealer, in addition to the GSTR-1 and GSTR-2A/2B forms. It serves as a consolidated summary of both inward and outward supplies and was introduced by the Government of India to provide relief to businesses transitioning into the GST regime.
In simpler terms, it offers a simplified means to report the summary of GST liabilities for a specific tax period. It’s crucial to note that GSTR-3B cannot be amended, and dealers must file separate GSTR 3B forms for each of their GSTINs. Furthermore, they must ensure the timely payment of the tax liability associated with GSTR 3B by the last filing date for the corresponding month.
All GST registrants are required to file GSTR 3B, including those with ‘NIL’ returns. However, there are certain registrants exempted from filing this self-declaration. These include:
- Suppliers of OIDAR
- Non-resident taxable individuals
- Input service distributors and composition dealers
- Small taxpayers
- Non-resident taxable individuals
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What You Need to Know About GSTR-3B
Before discussing the last date for the GSTR-3B let’s learn what details this return comprises-
- GSTIN: The GST Identification Number of the taxpayer.
- Legal Name of the Registered Person: The taxpayer’s name as stated in their GST registration certificate.
- Outward Supplies details: All outward supplies made during the tax year are described in detail in this section. Supplies to consumers, exports, and taxable supplies are only a few of the divisions.
- Inward Supplies details: Taxpayers disclose the specifics of their purchases here. The input tax credit (ITC) claim depends on this information.
- Tax payment: Based on their outgoing and incoming goods, taxpayers figure out their overall tax obligation and then submit the required payment.
- TDS and TCS Credit: The taxpayer is entitled to a credit for any tax that was deducted or collected at the source
Read Alos: GSTR 1 Due Dates For Regular Taxpayers
Who is Required to File GSTR-3B Returns?
Even though you are not required to pay any GST for that month, if you are a registered taxpayer with a valid GSTIN number, you are required to file the GSTR-3B returns.
The following registrants, however, are exempt from submitting GSTR-3B.
- Taxpayers registered under the Composition Scheme
- Input service distributors
- Non-resident suppliers of OIDAR service
- Non-resident taxable persons
Where Can One File Form GSTR-3B?
Through the GST portal Form, GSTR-3B can be filed in the return section. In the option of post-login mode, one can access it by clicking on the services > Returns > Returns Dashboard. After choosing the fiscal year and tax period, Form GSTR-3B, (if applicable), for the provided period.
At what time is it Required to File GSTR 3B?
On the monthly grounds, the form GSTR 3B is to be filed and the 20th day of the subsequent month is the last date for the submission of the same. For example, 20th February 2024 is the GSTR 3B last date for January 2024.
For the below-mentioned things the assessee should be familiar:
- Late filing GSTR-3B draws an interest of 18% per annum which is to get paid on the due tax amount.
- As a late fine, they are needed to pay Rs 50 per day.
- If they furnish GSTR-1 on the quarterly grounds then they are required to file the taxes and file GSTR-3B each month.
- Even if they can submit GSTR-3B after the deadline but pay their taxes by the deadline, they will still be charged interest and late fines.
Notably, the number of days that taxpayers postpone payment affects the late charge amount. Taxpayers who have no tax liability for a month are required to pay a late fee of Rs. 20 each day.
GSTR 3B Due Dates For April 2024
| Period (Monthly) | Last Dates |
|---|---|
| April 2024 | 20th May 2024 |
| March 2024 | 20th April 2024 |
| February 2024 | 20th March 2024 |
| January 2024 | 20th February 2024 |
| December 2023 | 20th January 2024 |
| November 2023 | 20th December 2023 December for Tamil Nadu State’s districts (Chennai, Tiruvallur, Chengalpattu, Kancheepuram) Read Notification |
| October 2023 | 20th November 2023 |
| September 2023 | 20th October 2023 |
| August 2023 | 20th September 2023 |
| July 2023 | 20th August 2023 |
| June 2023 | 20th July 2023 |
| May 2023 | 20th June 2023 |
GSTR 3B Annual Turnover up to INR 5 Cr in Previous FY (but Opted Monthly Filing)
| Period (Monthly) | Last Dates |
|---|---|
| April 2024 | 20th May 2024 |
| March 2024 | 20th April 2024 |
| February 2024 | 20th March 2024 |
| January 2024 | 20th February 2024 |
| December 2023 | 20th January 2024 |
| November 2023 | 20th December 2023 December for Tamil Nadu State’s districts (Chennai, Tiruvallur, Chengalpattu, Kancheepuram) Read Notification |
| October 2023 | 20th November 2023 |
| September 2023 | 20th October 2023 |
| August 2023 | 20th September 2023 |
| July 2023 | 20th August 2023 |
| June 2023 | 20th July 2023 |
| May 2023 | 20th June 2023 “30th June for Manipur” |
| April 2023 | 20th May 2023 “30th June for Manipur” |
| March 2023 | 20th April 2023 |
| February 2023 | 20th March 2023 |
Annual Turnover Upto INR 5 Cr in Previous FY But Opted GSTR 3b Due Date For Quarterly Return
| Annual Turnover | GSTR 3b Quarterly Due Date |
|---|---|
| Annual Turnover Up to INR 5 Cr in Previous FY But Opted Quarterly Filing | State 1 Group (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep)
State 2 Group (Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi)
|
Late GST Payment & Missing GST Return Due Date Penalty Interest
Facts of GSTR-3B
1. In the state of tax liability, late fees for late filing of GSTR-3B are Rs 25 (CGST) and Rs 25 (SGST) i.e. Total of Rs 50 per day.
2. In the state of nil liability late fees for late filing of GSTR-3B are Rs 10 (CGST) and Rs 10 (SGST) i.e. Total of Rs 20 per day.
3. The enrolled person who failed to submit the return in FORM GSTR-3B by the issued deadline for July 2017 to January 2020 and submits the said return between the dates of July 1, 2020, and September 30, 2020, will be charged a late fee.
| Particulars | Late fee payable |
| In the case of Nil liability | Nil |
| In case any tax is payable | Maximum cap of Rs 250 (CGST) and Rs 250 (SGST) that Rs 500 per return |
4. The person in point 3 is not eligible for an input tax credit for the years 2017–18 or 2018–19 because the deadline for both years has passed, necessitating full payment of taxes in cash.
Licensed GST Taxpayers who do not pay their taxes by the due date that was postponed will also be required to pay a 9% annual late charge, which is just half the current interest rate of 18%.
For instance, If you losses 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 comprehensive information regarding GST interest, late fees, and penalties, you can find detailed resources at this location.
However, if a taxpayer fails to submit their return within the specified due dates mentioned earlier, they will incur a late fee of Rs. 50 per day (Rs. 25 per day in CGST and Rs. 25 per day in SGST), if applicable. Additionally, a late fee of Rs. 20 per day (Rs. 10 per day in each CGST and SGST) applies in cases of Nil tax liability. The interest can accrue to a maximum of Rs. 5000, calculated from the due date until the date of return submission.
Recognizing the burden on taxpayers, both the Central Government and the GST council have taken steps to alleviate it. The first measure involves reducing the interest rate by half and waiving the late fees for GSTR 3B filings in August and September. It’s worth noting that if taxpayers have already paid late fees, the amount will be refunded to their ledger.
GSTR-3B vs GSTR-1: Comparison
Settlement of GSTR-1 with GSTR-3B is required:
- Save penalty and interest about the lesser payment of tax.
- Determine if any invoice gets dropped out or repeated.
- Permit to claim an accurate input tax credit based on GSTR-2A.
- Get under the GST complaint along with improvement in the GST agreement rating.
Latest Update:
- “For certain districts of Tamil Nadu, the due date for filing GSTR-3B is now extended till 10th January 2024”. Read notification
- “GST return filers can now file their returns smoothly as the glitch in auto-population ITC in GSTR-3B has been fixed.” View more
- “Due dates for monthly filing of GSTR-3B for April to July 2023 have been extended until 25th August 2023 for taxpayers with principal places of business in Manipur.” read the notification. Also, the government has relaxation for the quarter filing of GSTR 3B.” read notification
- “The Kerala GST Department has released guidance for Standard Operating Procedure (SOP) to keep a check on taxpayers who reverse ineligible IGST ITC in the GSTR 3B form.” Read PDF
- “The purpose of implementing this restriction by the government is to guarantee the timely filing of GSTR-1 by taxpayers. Failure to file GSTR-1 would consequently prevent taxpayers from filing GSTR-3B, leading to the imposition of late fees and penalties.” View More
- “A GST advisory on liability and differences in GSTR-1 and GSTR-3B (DRC-01B).” View more
- “The GSTR-3B filing due date for May month has been extended till 30th June for Gujarat’s districts, Kutch, Jamnagar, Morbi, Patan and Banaskantha”. read more
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 the 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 the 22nd of the relevant month.
Lastly, taxpayers from 22 states with an annual gross of less than 5 Cr in the previous year are required to file the returns by the 24th of the relevant month. Official Press Release
