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GST returns

10 October 2020

Those who have opted for filing gst quarterly, will they have to file 3B monthly and GSTR-1 quarterly.

On GST dashboard, returns are coming as 1 for quarterly and 3B monthly.

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10 Replies

Shivam RC (Student) (23683 Points)
Replied 11 October 2020

Yes Sir...

Quarterly Returns means that FORM GSTR-1 ( Statement of Outward Supplies ) will be filed quarterly and the Summary Return in FORM GSTR-3B will be filed monthly. As of now there is no option to file GSTR-3B quarterly. It has to be filed every month since the taxes are deposited along it.

But w.e.f. 01/01/2021, the GST Council in its 42nd Meeting held on 05th October 2020 has decided that the Small Taxpayers ( Aggregate Turnover less than Rs. 5 crores ) will be given the option to file Returns quarterly and pay the taxes monthly via Challan.

1 Like

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 11 October 2020

Yes, they have to file 3B monthly and GSTR-1 quarterly.

ayusmita (Tax consultant) (5885 Points)
Replied 11 October 2020

Yes they have to file GST3B monthly and 1 quarterly

sagar tatti (75 Points)
Replied 11 October 2020

In gSTR3B can i offer sales, purchase in 3b.... or not?

ayusmita (Tax consultant) (5885 Points)
Replied 11 October 2020

Offer means what
you have to fill all as per you record the data
in your tally or excel calculations

sagar tatti (75 Points)
Replied 11 October 2020

Offer means can i show that one months sales n purchase in gSTR3B return

ayusmita (Tax consultant) (5885 Points)
Replied 11 October 2020

Your 3b is monthly and be filled with in due date
giving all the details of purchase and sales
trunover n itc as per the igst, cgst,sgst as per the same month

Shivam RC (Student) (23683 Points)
Replied 11 October 2020

@ Sagar Tatti Sir,

FORM GSTR-3B is a monthly Summary Return which every Regular Scheme Dealers are required to file within 20th of the succeeding month. In this Return, the taxpayers are required to summarize and report the values of Purchase and Sales made during the month and deposit the taxes ( along with late fees and interest, if applicable ).

ayusmita (Tax consultant) (5885 Points)
Replied 11 October 2020

Is it not necessary to fill with in 20th for all
date are different from different state n union territory

Shivam RC (Student) (23683 Points)
Replied 11 October 2020

Yes Ayusmita Ma'am. The due date of filing GSTR-3B depends upon the States and Union Territory where the taxpayers place of business is located. As per the GST Law ( to be precise Section 39 of the CGST Act 2017 ) the normal due date is 20th of the following month.

But the Government has divided the States into two groups - Group A & Group B for the Small Taxpayers ( having Aggregate Annual Turnover upto Rs. 5 crores ) and accordingly the due dates of GSTR-3B have been set at 20th and 22nd of the following month. This is purely done to reduce the rush and load of the GSTN System on the due date and to avoid technical glitches. This division is done few months back.

But for the Large Taxpayers ( having Aggregate Turnover more than Rs. 5 crores ), the due date is still as per the Law i.e. 20th of the following month. There's no change for them.