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Saturday 12 August 2017

Quick Insight to GSTR-3B

What is GSTR-3B Return?
GSTR-3B return must be filed by all persons having GST registration. It is a Simple Return Form introduced by the CBEC for the month of July and August 2017 due on the 20th of August and 20th September 2017 respectively. From October 2017, the taxpayers would be required to file GSTR-1, GSTR-2 and GSTR-3, as per normal schedule. 
Hence, GSTR-3B is a temporary return that must be filed monthly until October, 2017. Consequently, GSTR-3B is not applicable starting September 2017, where-from regular returns in GSTR-1, GSTR-2 and GSTR-3 have to be filed. Filing GSTR-3B is mandatory. Even if a business has no transactions during July, it will still have to file a nil return.           
What details are required to be disclosed?
GST-3B will require you to disclose the following details in detail:
-Outward supplies and inward supplies on reverse charge
-Details of inter-state supplies made to unregistered persons, composition taxable persons, and UIN holders.
-Eligible ITC
Sample GSTR-3B:

For assistance in filing GSTR-3B contact us at 9900397777, mail at

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