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May 24, 2024 · GSTR-3B is the summary return that taxpayers must file regularly to show details of sales, ITC claims, tax liability, refunds, etc recorded on their GSTIN. This article gives a comprehensive overview of GSTR-3B and its applicability.
Aug 1, 2017 · The full returns GSTR 1 and GSTR 2 are due 5 th September onwards. GSTR 3B is divided into following 8 parts: 1. Header. 2. Details of Outward Supplies and inward supplies liable to reverse charge. 3. Details of inter-State supplies made to unregistered persons, composition taxable persons and UIN holders. 4. Computation of eligible ITC. 5.
Jan 19, 2024 · In July 2022, the government modified the GSTR-3B return format, specifically in Table 3 and 4, requiring more detailed input tax credit (ITC) reporting. Table 4 now separates eligible and ineligible ITC in new categories and mandates accurate reporting to determine tax liability.
What is Form GSTR-3B? Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. A normal taxpayer is required to file Form GSTR-3B returns for every tax period. 2. Who needs to file Form GSTR-3B?
Feb 22, 2018 · Download the format of GSTR 3B and learn to file it online. Article also includes latest updates on GSTR 3B issued by GSTN. Find out what is GSTR-3B, who needs to file it and what is the due date of filing GSTR-3B.
Jan 19, 2024 · GSTR 3B Format is explained in detail. The breakup of the eligible ITC and tax liability under CGST, SGST and IGST should be furnished.
Jun 25, 2024 · Here is a general format of the GSTR-3B form, detailing each section for clear reporting of your GST liabilities. Section 1: Standard Questionnaire. This section includes a questionnaire designed to gather information about your business activities and determine the tax you owe for the current tax month.
A normal taxpayer is required to file Form GSTR-3B returns for every tax period applicable. Note: • Taxpayer has to file Form GSTR-3B even if there is no business activity (Nil Return). • Amendment of Form GSTR-3B is not allowed.
The GSTR-3B is a consolidated summary return of the inward and outward supplies introduced by the Government of India. The form was presented to relax the requirements for businesses that turned their operations to GST.
Feb 22, 2024 · GSTR-3B is a consolidated return of inward & outward supplies that a taxpayer has to file. It’s a monthly self-declaration form that every GST registered person has to file along with the GSTR-1 & GSTR-2 forms. A regular taxpayer must file GSTR-3B for each tax period (month or a quarter).
