GSTR 3B - How to File GSTR3B, GSTR 3B Format & Due Date
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What is GSTR 3B?

On the 18th of June, 2017, the GST Council in its 17th meeting decided to extend the timeline for invoice – wise return filing in Form GSTR 1 and Form GSTR 2 for the first two months of the GST era. The move was made to provide relief to businesses, and to smoothen the roll-out of GST across the country. As per this decision, businesses will need to file a much simplified GSTR 3B returns, by declaring the summary of their inward and outward supplies for the months of July and August. However the invoice – wise details for both months, also do need to be filed, but at a later date.

As per the latest GST council notifications, GSTR 3B filing has been extended till March 2018, and it will continue to be filed by the 20th of the next month.

Revised GST Returns Filing Due Dates
Month GSTR-3B
December, 2017 20th January, 2018
January, 2017 20th February, 2018
February, 2017 20th March, 2018
March, 2018 20th April, 2018

How to go about filing Form GSTR 3B?

Form GSTR-3B consists of 6 tables in all, each requiring a specific detail. The GSTR-3B format is as follows:

Table 1: Details of outward supplies and inward supplies liable to reverse charge

In this table one needs to capture the total taxable value (both intrastate as well as interstate) along with the tax applicable (CGST, SGST / UTGST, IGST & Cess) of the following supplies:

  • Outward Taxable Supplies other than Zero Rate, Nil Rate and Exempted
  • Outward Taxable Supplies (Zero Rated)
  • Outward Supplies towards Nil Rated and Exempted
  • Inward Supplies liable to be paid on reverse charge basis
  • Non-GST Outward Supplies
Table 2: Details of Interstate supplies made to unregistered persons, composition dealers and UIN holders

In this table one needs to capture the place of supply, total taxable value and the IGST applicable for all interstate supplies made to the following entities:

  • Interstate supplies made to Unregistered Persons
  • Interstate supplies made to Composition Dealers
  • Interstate supplies made to UIN Holders
Table 3: Details of eligible Input Tax Credit

In this table, one needs to capture the following details:

  • ITC Available: On inward supplies on which the ITC was availed, such as Import of Goods or Services, supplies liable to fetch reverse charge, supplies from ISD, and other inward supplies, as applicable.
  • ITC Reversed: On usage of inputs / input services / capital goods used for non-business purpose, or partly used for exempt supplies. Also, if the depreciation is claimed on tax component of capital goods, plant and machinery - then the ITC will not be allowed. Such reversals needs to be captured in this table.
  • Eligible ITC: Calculated by deducting ITC Reversed from ITC Available.
  • Ineligible ITC: Details of GST paid on inward supplies listed in negative list, which are not eligible to fetch input tax credit.
Table 4: Details of exempt, nil-rated and non-GST inward supplies

In this table one needs to capture the details of interstate and intrastate supplies for the following:

  • Supplies from composition dealers, exempt and nil-rated inward supplies
  • Non-GST inward supplies
Table 5: Payment of Tax

In this table one needs to declare the self-ascertained tax payable. The tax payable will emerge from the following details:

  • Tax paid through ITC (CGST, SGST / UTGST, IGST & Cess)
  • Tax paid TDS / TCS
  • Tax / Cess paid in Cash
  • Interest & Late Fees
Table 6: TDS / TCS Credit

In this table, one needs to capture the details of TDS and TCS, for CGST, SGST / UTGST & IGST. However, as a business, these will not be that crucial at the moment, as these provisions are deferred from the initial rollout of GST, and are not applicable, till notified further.

In conclusion, GSTR 3B returns is bound to be a big relief for businesses across the country. However, one needs to gear up for the month of September, which is bound to be a heavy returns filing month.

Click here to view the tables and understand the GSTR-3B format.