GSTR-3B: Salient Features And Other Details Of GST Return Filing

Returns under GST can be filed using forms GSTR-3B, GSTR-1, GSTR-2 and GSTR-3.

GSTR-3B: Salient Features And Other Details Of GST Return Filing

Deadlines to file GST returns for July and make the payments have been revised (Representational image)

Highlights

  • Businesses need to file GST Return 3B by August 25
  • GSTR-3B to be filed mandatorily by registered taxpayers
  • GST returns can be filed using forms GSTR-3B, GSTR-1, GSTR-2, GSTR-3
3B, the first return under GST or Goods and Services Tax system that came into effect on July 1, is to be filed by August 25. Businesses need to file the GST Return 3B using Form GSTR-3B by the revised deadline of August 25, 2017 given by the government. Form GSTR-3B is to be filed "mandatorily by all normal registered taxpayers". This was said by the CBEC or Central Board of Excise and Customs on microblogging site Twitter. The CBEC, under the purview of the revenue department, also urged taxpayers to not wait for the last date to file their first returns under GST. "File GSTR-3B Return Today!...Do not worry if you are not able to avail of the transitional credit this month. You can utilize it later also because it will get credited in your electronic ledger, provided you file FORM GST Trans-1 on or before the prescribed date," it said.

The government has relaxed deadlines to file returns under GST for the month of July 2017 and make the respective payments. These returns can be filed using forms GSTR-3B, GSTR-1, GSTR-2 and GSTR-3). Under GST, businesses need to give details relating to outward supplies for the month of July 2017 in Form GSTR-1 between September 1 and September 5. However, in the interim period, businesses have to file GST Return-3B (Form GSTR-3B).

Who needs to file GSTR-3B?

Form GSTR-3B is to be filed mandatorily by all normal registered taxpayers, the CBEC said, adding: "NIL returns to be filed in case of no business."

The CBEC also pointed out some salient features of the GST return 3B (Form GSTR-3B).

In the GSTR-3B, assessees need to furnish summary of information about sale and purchase, available input tax credit (ITC), tax payable and tax paid. All input tax credits availed and utilized will be posted in the ITC Ledger, it said.

Unutilized input tax credit can be used in subsequent months.

The CBEC also shared some tips on filing of GSTR-3B.

'Careful while filling Form GSTR-3B'

While filling up FORM GSTR-3B, don't forget to save partially filled form by clicking on the 'Save GSTR-3B' button, the CBEC said. After pressing 'Submit', no modification is possible, therefore, check the details carefully before pressing 'Submit', it noted.

If Form GST Trans-1 is submitted, click on the 'Check Balance' button to view the balance available for credit under Integrated Tax, Central Tax, State Tax and Cess (this includes transitional credit).

Who is not to file GSTR-3B

The 3B tax return (Form GSTR-3B) is "not to be filed by Input Service Distributor (ISD), a Non-Resident Person, Tax Collector at Source (TCS), Tax Deductor at Source (TDS) & Composition Dealers", the CBEC added.