GSTR 3B Filling

GSTR-3B is a self-assessment return filed by the dealer stating the details for Outward Supplies and Inward Supplies i.e. Purchases and Expenses. This return is required to be filed on a monthly basis irrespective of the turnover. A GST return is a document containing details of all income/sales and/or expense/purchases that a taxpayer (every GSTIN) is required to file with the tax administrative authorities. This is used by tax authorities to calculate net tax liability.

GSTR-3B vs GSTR-1: Comparison :

• Avoid interest & penalties due to the short payment of tax.
• Know if any invoice is missed out on or duplicated.
• Allow the recipient to claim an accurate input tax credit based on his GSTR-2A & GSTR-2B.
• Stay GST compliant and improve the GST compliance rating!