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GSTR3B
What is difference between Gstr3 and Gstr 3b??
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- GSTR-3 is a monthly GST Return through
- It contains two parts i.e.Part A, Part B.
- Part A can be electronically generated on the basis of information derived through returns in FORM GSTR-1, FORM GSTR-2 and based on other liabilities of preceding tax periods.
- Part B includes the Tax Liability, interest and penalty paid and the refund claimed from cash ledger if any.
- Part B is also auto-populated, the system will compute the tax liability on the basis of GSTR-1(Output tax) and after adjustment of Input tax credit as claimed in GSTR-Every registered person furnishing the return is required to discharge his liability towards tax, interest, penalty, fees or any other amount payable.
- The payment will be made by debiting the electronic cash ledger or electronic credit ledger.
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