What is GSTR-3B? How to filed GSTR-3B step by step.

File GSTR-3B By Your Self

             Hi friends, Above all the topics we are discussing GSTR-1 and GSTR-2A,2B which are respectively related to the Sales report and Purchase report we also talk about the last date of filing of GSTR-1 is 10 of every next month and generated report of purchase is 14 of every next month. 

             In this blog, we are discussing what is GSTR-3B? Which factors are included in GSTR-3B? How to calculate tax in GSTR-3B? and How to pay tax?

             GSTR-3B is the summary of the Sale report and Purchase report. The last date of filing of GSTR-3B is 20 of every next month, there is also a calculated penalty if we are filed the last month of GSTR-3B after the due date. The penalty is calculated in two different ways.

• The first one is every day 20rs penalty is eligible if the taxpayer has no sales report in a month and also he filed his GSTR-3B return after the due date then it is eligible to pay the penalty 20rs per day till the date of filling. Here also penalty is equally divided between the Central government and the State government 
• The second is every day 50rs penalty is eligible. The taxpayer has a sale report in a month and if he filed his GSTR-3B return after the due date then he is eligible to pay a penalty 50rs per day till the date of filing. Here also penalty is equally divided between the Central government and the State government 

             At first, when we click on GSTR-3B in GST Portal we see different types of sections are as under:

'

 The sections are:

1. 3.1 Tax on outward and reverse charge inward supplies
2. 3.2 Inter-state supplies
3. 4 Eligible ITC
4. 5 Exempt, nil and Non-GST inward supplies
5. 5.1 Interest and Late fee for previous tax period

Let's discuss the above sections,

1. 3.1 Tax on outward and reverse charge inward supplies:

            In this section, we have to provide the details of a particular month's sales report. Also, it clarifies that "Details of Outward Supplies and Inward supplies liable to reverse charge. There is also provide the different types of nature of supplies which specify the nature of sales as follows:

(a) Outward taxable supplies (other than zero rated, nil rated and exempted)

(b) Outward taxable supplies (zero rated)

(c) Other outward supplies (nil rated and exempted) 

(d) Inward supplies (liable to reverse charge)

(e) Non-GST outward supplies

these all nature of supplies have different types of tax calculated and that tax is calculated on the taxable value of the supplies.

            And now this report is auto-generated from the GSTR-1 report if it was filed before the due date.