How To File GSTR1 & GSTR3B

Introduction

Filing GSTR-1 and GSTR-3B is a critical part of GST compliance for businesses in India. While GSTR-1 focuses on outward supplies (sales), GSTR-3B is a summary return for tax payments. In this guide, we’ll walk you through the process of filing both forms step-by-step to ensure accuracy and compliance.

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What is GSTR-1?

GSTR-1 is a monthly or quarterly return that contains details of all outward supplies (sales) made by a registered taxpayer. It must be filed even if there are no transactions during the period.

Steps to File GSTR-1

1. Log in to the GST Portal: Visit the official GST portal and log in using your credentials.
2. Select the Return Filing Option: Navigate to the "Returns Dashboard" and select the relevant financial year and return period.
3. Fill in Sales Details: Enter details of all invoices, including B2B, B2C, and export transactions. Ensure accuracy in invoice numbers, GSTINs, and tax amounts.
4. Preview and Submit: Review all entered data carefully. Once verified, submit the return.
5. File with DSC or EVC: Complete the filing process by signing the return using a Digital Signature Certificate (DSC) or Electronic Verification Code (EVC).

For more detailed guidance, refer to our step-by-step GSTR-1 filing guide.

What is GSTR-3B?

GSTR-3B is a monthly self-declaration return summarizing outward supplies, input tax credit (ITC), and tax liability. It is mandatory for all regular taxpayers.

Steps to File GSTR-3B

1. Log in to the GST Portal: Access the GST portal and log in with your credentials.
2. Select the Return Filing Option: Go to the "Returns Dashboard" and choose the financial year and return period.
3. Enter Outward Supplies: Provide details of total sales (including taxable, exempt, and nil-rated supplies).
4. Claim Input Tax Credit (ITC): Declare eligible ITC for the month based on your purchase invoices.
5. Calculate and Pay Tax Liability: Compute the net tax payable after adjusting ITC and pay the balance amount online.
6. Submit and File: Verify the return and file it using DSC or EVC.

For additional help, read our tips for accurate GSTR-3B filing.

Tips for Accurate Filing

• Reconcile GSTR-1 and GSTR-3B regularly to avoid discrepancies.
• Use reliable GST software to automate calculations and reduce manual errors.
• Keep all invoices and supporting documents organized for easy reference.
• Stay updated with the latest GST notifications from the official GST portal.

FAQs About Filing GSTR-1 and GSTR-3B

Q1: What is the due date for filing GSTR-1 and GSTR-3B?

A: GSTR-1 is typically due by the 11th of the following month (or quarterly, depending on turnover). GSTR-3B is due by the 20th of the following month. Check the GST portal for updates.

Q2: Can I revise my GSTR-1 after filing?

A: Yes, you can revise GSTR-1 by filing an amendment in the next return period. For example, errors in July's GSTR-1 can be corrected in August's return.

Q3: What happens if I miss the GSTR-3B filing deadline?

A: Missing the deadline can result in late fees and interest charges. For more details, read our article on penalties for late GST filing.

Conclusion

Filing GSTR-1 and GSTR-3B accurately and on time is essential for maintaining GST compliance. By following the steps outlined above and leveraging technology, you can streamline the process and avoid penalties. If you need further assistance, feel free to reach out to our experts at