Taxation - Indirect Tax

Filing of GSTR-1 & GSTR-3B

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GSTR - 1

GSTR-1 is the return to be furnished for reporting details of all outward supplies of goods and services made. In other words, it contains the invoices and debit-credit notes raised on the sales transactions for a tax period. GSTR-1 is to be filed by all normal taxpayers who are registered under GST, including casual taxable persons.

Any amendments to sales invoices made, even pertaining to previous tax periods, should be reported in the GSTR-1 return by all the suppliers or sellers

The filing frequency of GSTR-1 is currently as follows:

QRMP Scheme 1

Monthly, by 11th* of every month - If the business either has an annual aggregate turnover of more than Rs.5 crore or has not opted into the QRMP scheme.

QRMP Scheme 2

Quarterly, by 13th** of the month following every quarter - If the business has opted into the QRMP scheme.

Till September 2018, the due date was the 10th of every month.

Till December 2020, was the end of the month succeeding the quarter.

GSTR - 3B

GSTR-3B is a monthly self-declaration to be filed, for furnishing summarised details of all outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid.

GSTR-3B is to be filed by all normal taxpayers registered under GST. The sales and input tax credit details must be reconciled with GSTR-1 and GSTR-2B every tax period before filing GSTR-3B. GST reconciliation is crucial to identify mismatches in data, that may lead to GST notices in future or suspension of GST registration as well.

The filing frequency of GSTR-3B is currently as follows:

The filing frequency of GSTR-3B is currently as follows

(a) Monthly, 20th* of every month- For taxpayers with an aggregate turnover in the previous financial year of more than Rs.5 crore or have been otherwise eligible but still opted out of the QRMP scheme.
(b) Quarterly, 22nd of the month following the quarter for ‘X’** category of States and 24th of the month following the quarter for ‘Y’** category of States- For the taxpayers with aggregate turnover equal to or below Rs 5 crore, eligible and remain opted into the QRMP scheme.

Effective from January 2021 tax period onwards. Previously, was as follows

(i) Was staggered as 20th (turnover of previous FY was more than Rs.5 crore), 22nd and 24th (turnover of previous FY was up to Rs.5 crore, for ‘X’ and ‘Y’ category of States) of every month, from January 2020 till December 2020.
(ii) Was 20th of every month till December 2019.

** ‘X’ category States/UT – Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.

‘Y’ category States/UT- Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi.

Registration Pricing

Basic

₹ 1,499/-

Silver

₹ 2,499/-

Advanced

₹ 5,499/-

GST Registration Process

The Firm compiles a work plan to meet the client goals ensuring a smooth acquisition.

Taxation - Indirect Tax

Filing of GSTR-1 & GSTR-3B

Get a Callback

Why choose SBCS Pvt Ltd

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GSTR - 1

GSTR - 3B

Registration Pricing

Basic

₹ 1,499/-

Silver

₹ 2,499/-

Advanced

₹ 5,499/-

GST Registration Process

Complete our simple form

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Verification of Documents

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