All about GSTR-3B return filing

Filing of GSTR-3B form is mandatory for all those who have registered for the Goods and Services Tax (GST). Here are answers to some frequently asked questions related to GSTR-3B.

What is GSTR-3B?

GST Return-3B (GSTR-3B) is a monthly self-declaration that has to be filed by a registered dealer. It is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner. You should file monthly GSTR-3B. GSTR-3B once filed, cannot be revised

Who should file GSTR-3B?

1. Every registered person has to file GSTR-3B
2. Even NIL returns must be filed
3. Following persons need not file GSTR-3B
• Input Service Distributors & Composition Dealers
• Suppliers of OIDAR (Online information and database access or retrieval services)
• Non-resident taxable person
  
  

What are the late fees?

Filing GSTR-3B is mandatory even for NIL returns. Late Fee for filing GSTR-3B after the due date is as follows:

1. INR 50 per day of delay
2. INR 20 per day of delay for taxpayers having Zero tax liability for that month
   
   

Interest @ 18% per annum is payable on the amount of outstanding tax to be paid.

What is the due date of filing GSTR 3B?

Due date of filing this return is 20^th of every month.

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