GSTR 3B
What is GSTR 3B?
GSTR-3B is a self-declared summary GST return filed every month (quarterly for QRMP Scheme). It must be filed by a registered taxpayer from July 2017 onwards.
- A separate GSTR-3B must be filed for every GSTIN
- The GST liability must be paid on or before the date of filing GSTR-3B, earlier of its due date
- The GSTR-3B once filed cannot be revised
- Even in case of a zero liability, GSTR-3B must be compulsorily filed
Who should file GSTR 3B?
A late fee is charged for filing GSTR-3B of a tax period after the due date. It is levied as follows:
- Taxpayers registered under the Composition Scheme
- Input service distributors
- Non-resident suppliers of OIDAR service
- Non-resident taxable persons
Late Fee & Penalty
A late fee is charged for filing GSTR-3B of a tax period after the due date. It is levied as follows:
- Rs. 50 per day of delay
- Rs. 20 per day of delay for taxpayers having nil tax liability for the month
In case the GST dues are not paid within the due date, interest at 18% per annum is payable on the amount of outstanding tax to be paid.
Due Dates for GSTR-3B Filing
- The due date is 20th of the subsequent month
- Taxpayers opting for the QRMP scheme from 1st January 2021: The due date is 22nd or 24th of the month following every quarter, as per the State/UT of the principal place of business.
The following are essential points to note:
- Taxpayers must ensure to pay taxes and file GSTR-3B within the deadline.
- The late filing of GSTR-3B attracts a late fee and interest at 18% per annum.
- In case the tax was paid within the due date but the GSTR-3B was filed after the deadline, both late fees and interest will apply.
- Taxpayers (including those not opting for the QRMP Scheme) filing quarterly GSTR-1 returns must still pay tax and file GSTR-3B every month.