Introductions
GSTR 3B is one of the most important returns to be filed by GST registered taxpayers. This return is a declaration about the aggregate outward supplies and total Input tax credit received and availed. A taxpayer is required to report accurate figures of the outward liability and input tax credit claimed in a particular month. In this article, we will discuss the complete process of how to file or submit a GSTR-3B return. This is a completely online process.
Step-1:
Go to the GST.GOV.IN. This is the government portal where every taxpayer is required to file their GST returns. All the procedures of filing GST returns, GST refunds, GST payments and every other process in respect of GST must be done on this government portal. However, a taxpayer can file their returns through GST software also. The Government has provided an API to software development companies to develop and run GST software to enable and help taxpayers to file GST returns in a much easier way.
Step-2:
Enter the login credentials on GST common portal. On visiting the government official website i.e. gst.gov.in, one needs to enter their login id and password to enter into their dashboard.
Step-3:
After successful login into an account, click on the return dashboard tab. Select the year, quarter and month for which you want to file the GSTR-3b. After selecting the period, click on the GSTR-3B tab. On clicking this tab, GSTR 3B will be opened.
Step-4:
Feed the details as asked in the GSTR-3B returns.
The Table-3.1 of the returns consist of the details of outward taxable supplies where you need to fill in the details of aggregate sales made and tax collected on sales during the selected month. Out of the total sales declared in table 3.1(a), how much of sales were made to unregistered persons, composition taxable person and UIN holders shall be declared in table 3.2. The amount of total Input tax credit availed during the selected month shall be declared in table-4. All the exempt,00 and nil rated inward supplies shall be declared in table-5. Table-6 is for declaration of any interest on late payment of tax and any late fees for delay in filing of GST return.
Step-5:
On feeding, all of the above information, click on the SAVE tab. On clicking the save button, the information will be saved on the GST portal. On successfully saving the information click on the PROCEED FOR PAYMENT tab. Here, you will be asked to set off the outward tax liability against your ITC claimed. If the ITC claimed is not sufficient to set off the liability, you will be required to make payment of additional cash required to set off the outward tax liability. Now, click on the MAKE PAYMENT/POST CREDIT TO LEDGER tab. This will set off your outward tax liability against ITC or cash balance in your electronic cash ledger.
Step-6:
On successfully offsetting liability click on PROCEED TO FILE tab. Now, select the authorized signatory and click on the File with EVC tab if you wish to file GSTR 3B with the help of OTP or click on File with DSC if you wish to file a return with the help of a digital signature. That’s it. A successful message will be displayed on your screen as an acknowledgement for filing GSTR-3B.
Conclusion
Even though the above article is more than enough to enable anyone to file their GSTR 3B on their own, it is always advisable to file your GST returns with the help of a GST consultant only. For this, we at online chartered are ever ready to help you. GST returns once filed cannot be changed or amended. Thus, we at online chartered are a team of GST experts who takes utmost care in filing GST returns for our valuable clients.
