What is GSTR-3B?

GSTR-3B is a simple summary return that all normal taxpayers must file every month / every quarter ( for those who have opted for Quarterly Return Monthly Payment Scheme).

It contains summary details of sales (domestic as well as export), Input Tax credit on purchases, liability under Reverse charge mechanism and other specified particulars.

Will there be invoice matching in GSTR-3B?

Since taxpayers are not required to list invoice details on GSTR-3B, there is no process for matching invoices.
However, if the total values of purchases and sales reported on GSTR-3B don’t match the values later reported on forms GSTR-1, GSTR-2A for the corresponding months, taxpayers will be required to pay the additional GST, as well as penalties and interest.

What is the due date for GSTR-3B?

For taxpayer having turnover Up to 5 Crores.

For taxpayer having principal place of business in states of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.

Class of taxpayer	Month	Due date	No interest and late fee if filed on or before
Having aggregate turnover upto 1.5 crore in preceding FY	Feb 2020	22^th March	30^th June 2020
Having aggregate turnover upto 1.5 crore in preceding FY	March 2020	22^th April	3^rd July 2020
Having aggregate turnover upto 1.5 crore in preceding FY	April 2020	22^th May	6^th July 2020
Having aggregate turnover upto 1.5 crore in preceding FY	May 2020	12^th July	12^th July 2020

Class of taxpayer	Month	Due date	No interest and late fee if filed on or before
Having aggregate turnover more than 1.5 crore but upto 5 Crores in preceding FY	Feb 2020	22^th March	29^th June 2020
Having aggregate turnover more than 1.5 crore but upto 5 Crores in preceding FY	March 2020	22^th April	29^th June 2020
Having aggregate turnover more than 1.5 crore but upto 5 Crores in preceding FY	April 2020	22^th May	30^th June 2020
Having aggregate turnover more than 1.5 crore but upto 5 Crores in preceding FY	May 2020	12^th July	12^th July 2020

For taxpayer having principle place of business in states of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi.

Class of taxpayer	Month	Due date	No interest and late fee if filed on or before
Having aggregate turnover upto 1.5 crore in preceding FY	Feb 2020	24^th March	30^th June 2020
Having aggregate turnover upto 1.5 crore in preceding FY	March 2020	24^th April	3^rd July 2020
Having aggregate turnover upto 1.5 crore in preceding FY	April 2020	24^th May	6^th July 2020
Having aggregate turnover upto 1.5 crore in preceding FY	May 2020	12^th July	12^th July 2020

Class of taxpayer	Month	Due date	No interest and late fee if filed on or before
Having aggregate turnover more than 1.5 crore but upto 5 Crores in preceding FY	Feb 2020	24^th March	29^th June 2020
Having aggregate turnover more than 1.5 crore but upto 5 Crores in preceding FY	March 2020	24^th April	29^th June 2020
Having aggregate turnover more than 1.5 crore but upto 5 Crores in preceding FY	April 2020	24^th May	30^th June 2020
Having aggregate turnover more than 1.5 crore but upto 5 Crores in preceding FY	May 2020	12^th July	12^th July 2020

For Taxpayers having turnover more than 5 Crores.

Class of taxpayer	Month	Due date	*No interest and Nolate fee if filed on or before**
Having aggregate turnover more than 5 Crores in preceding FY	Feb 2020	20^th March	24^th June 2020
Having aggregate turnover more than 5 Crores in preceding FY	March 2020	20^th April	24^th June 2020
Having aggregate turnover more than 5 Crores in preceding FY	April 2020	20^th May	24^th June 2020
Having aggregate turnover more than 5 Crores in preceding FY	May 2020	27^th June	27^th June

*In case of taxpayers having turnover of more than 5 Crores, no interest shall be charged for first 15 days from original due date and thereafter interest at the concessional rate of 9% shall be charged meaning thereby no full waiver of interest has been given. Only rate of interest has been reduced.

Who have to file GSTR-3B?

All registered taxpayers must file GSTR-3B, except for the following classes of taxpayers:

Input service distributors
Composition dealers
Suppliers of online information and database access or retrieval services (OIDAR)
Non-resident taxable persons

Taxpayers must file GSTR-3B even if there are no transactions in the month.

Can GSTR-3B be revised?

No. Once filed, taxpayers cannot revise form GSTR-3B at a later stage. But there is remedy provided for this. If any turnover is left to be reported or any ITC is left to be availed in GSTR-3B for a particular month, the same can be reported or availed in subsequent months.

Consequences of Late filing of GSTR-3B

Late fees

Late Fees for not filing GSTR-1 is Rs. 50 per day of delay (Rs. 25 CGST + Rs. 25 SGST.) subject to maximum of 10000 (5000 CGST +5000 SGST)

In case of NIL GSTR-1, the late fees shall be Rs 20 per day (10 CGST +10 SGST) subject to maximum of 10000 (5000 CGST +5000 SGST).

Interest

If the GST amount is not paid until the due date, taxpayers are liable for paying interest at the rate of 18 percent per annum. Interest will be calculated from the day following the due date, to the date of actual payment. Further, it is to be noted that interest has to be paid only on net liability i.e. liability to be discharged in cash not oyn gross liability.

Frequently Asked Questions

Q. Can we use the ITC to set-off liabilities under reverse charge mechanism?
A. No. The tax liability under reverse charge has to be paid in cash.

Q. Is there any way to make a correction in the GSTN portal after submitting the same?
A. No. Once the data is submitted, it is frozen with the GSTN portal and no further changes can be made. You can make correction in GSTR-3B of subsequent months.

Q. Can I take ITC of tax paid under RCM in same month in which it is paid?
A. Yes, you can the ITC of tax paid under RCM in same month in which it is paid.

Q. What are the modes of payment of tax?
A. The liability of tax i.e. CGST, SGST, IGST or Cess, as applicable, can be set-off using the Input Tax Credit. But the liabilities of interest, late fees or penalties has to be discharged in cash only.

Q. Can I file GSTR-3B for a month without filing GSTR-3B for previous month?
A. No. If you have not filed GSTR-3B for a particular month, then you cannot file GSTR-3B of subsequent months.

Q. Can I file GSTR-3B without paying tax liability, late fees and interest?
A. No. You will have to discharge liability of tax and late fees before filing GSTR-3B. Without paying tax liability and late fees, system does not allow to go further and return cannot be filed. But in case of interest, the liability is not auto-populated in the system so return can be filed without paying it too.

GSTR-3B