In India, taxpayers are required to file various returns. GSTR-3B is a monthly summary that must be filed. If you don’t file GSTR-3B, you won’t be able to claim a credit for the input tax you paid. Penalties and late fees may be imposed. The GSTR-3B is due on the 20th of the next month. For example, the GSTR-3B due date for May 2022 is 20 June 2022.
GSTR-3B requires the month’s total value. Before filing GSTR-3B, make sure you know what taxes you owe and how much you owe.
Regardless of whether they had any commercial transactions in that month or not, all registered suppliers are required to file GSTR-3b. GST portal can be used for the filing of the same.
Dealers enrolled under the composition scheme, input service providers. Non-resident taxable persons, as well as providers of online information, database access, or retrieval services who are required to pay taxes, are excluded from submitting GSTR-3b.
I hope, I gave you some insights about GSTR-3b and delivered it in the best possible way.
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