Step by step guide to file GSTR-3B on GST Portal

The GSTR 3B form is a form declared by the Government of India for GST return filing. The GSTR 3B form will be used till March 2021 as per the central tax official notification. You can read guide for GST return filing the 3B form on the official government portal.

Features of GST Return Filing under Form GSTR 3B

• Form GSTR 3B to be filed mandatorily by all registered taxpayers
• Nil returns must be filed in case of no business. Official GSTN portal offers a simple and fast modus operandi for GST Return Filing under Form GSTR 3B. In the latest notifications, the taxpayers filing nil returns are free from broad filing details and will be provided with a simple return form with minimum information. No extra details are needed for this new functionality.
• Summary of details about sale and purchase, tax payable, available input tax credit, tax paid is to be provided.
• All input tax credit utilized and availed will be stated in the ITC ledger.
• Unused ITC can be used in succeeding months
• While filing up form GSTR 3B, don’t forget to save the half-filled form by clicking the save button.
• After clicking submit option, no modification will be allowed therefore check the details cautiously before clicking submit.
• If form GST TRAN-1 has been submitted Click Check balance option to view the balance available for credit under the Central tax, State tax, integrated tax and Cess (including transitional credit also)

Procedure of GST Return Filing under GSTR 3B Form Online

Step 1: The first step for the taxpayer is to enter his GSTIN ID very carefully with no errors and in the second point, the legal name of registered taxpayer.

Step 2: In the second box the tax payer has to mention details of Outward Supplies and Inward Supplies liable for reverse charge.

All the detail should be filled along with Total Taxable value, nature of supplies, Integrated Tax Central Tax, State/Union Territory Tax, and Cess.

Step 3: In the third step the taxpayer has to mention details of inter-State supplies made to composition taxable persons, UIN holders and unregistered persons.

All supplies should be entered with details of Place of Supply (State/Union Territory), Amount of Integrated Tax, Total Taxable value.

Step 4: Now in the 4th step a box of Eligible ITC having all the Input Tax Credit (ITC) demand from the taxes paid.

 The necessary details should be filled up with information of individual taxes to be paid accordingly, Central Tax and Integrated Tax, State/ Union Territory Tax Cess.

Step 5: Now in 5^th step a box which includes, Values of exempt, non-GST and nil-rated inward supplies.

The taxpayer must include all the pertinent details of Nature of supplies, Intra-State & Inter-State, and its calculations.

Step 6: Now in 6^th step an important box which is for the payment of taxes, which includes significant data that must be filled with correct details.

The details should be Tax payable, Tax paid- (TCS/TDS) Tax/Cess paid in cash, Interest Rate Paid through Input Tax Credit – (Integrated Tax Central Tax State/ Union Territory Tax Cess)

Note: The taxpayer must not fill the columns which are in black colour.

Step 7: In the last step, taxpayer has to provide details of TCS/TDS Credit.

Overall the Government of India has chosen to implement GSTR 3B form for GST Return Filing in the starting phase of GST for the convenient and easy taxpaying experience for the taxpayers.

The Process of GSTR 3B Filing Simplified

Following are the key changes made by GSTN in GSTR-3B form:

Tax Payment: In the modified version of the GSTR-3B form, people can see whether the tax liability is being paid by credit or cash in tax liability,

Challan Generation:  In the modified version of the form the challan gets prepared with cash amount needed to be paid after considering the balance accessible in cash ledger and suggested the utilization of Input Tax Credit in the table.

Download Facility of Draft Return:  In the modified version of the form there is a new option for convenience of people where drafts return can be downloaded at any stage to verify the information offline.

Auto-fill of Tax Amount: This step is introduced to save time and it reduces the error as taxpayers now either have to fill SGST/UGST or CGST, other tax amounts will be auto-filled.

Conclusion

The GSTR 3B form is a form declared by the Government of India for GST return filing. The Government of India has chosen to implement GSTR 3B form for GST Return Filing in the starting phase of GST for the convenient and easy taxpaying experience for the taxpayers.