GSTR-3B – Summary Return

GSTR-3B – Summary Return is a simplified monthly return form under the Goods and Services Tax (GST) system in India. It is used by registered taxpayers to declare summary details of outward supplies (sales), inward supplies (purchases), and the amount of GST liability for a particular tax period.

???? Key Features of GSTR-3B:
Monthly Return:

Generally filed monthly by regular taxpayers.

Some small taxpayers (with turnover up to ₹5 crore) can opt for quarterly filing under the QRMP scheme, but GSTR-3B is still filed monthly.

Summary Return:

It provides a consolidated summary of outward and inward supplies.

Unlike GSTR-1, it does not require invoice-level details.

Self-assessed Return:

Taxpayers assess their own GST liability and claim ITC (Input Tax Credit).

Liability is paid before filing the return using cash or ITC from the electronic credit/cash ledger.

???? Details Required in GSTR-3B:
Outward Supplies:

Taxable outward supplies

Supplies to unregistered persons, composition taxpayers, and UIN holders

Zero-rated and exempt supplies

Inward Supplies:

Reverse charge liable purchases

Import of goods/services

ITC eligibility and reversals

Input Tax Credit (ITC):

Eligible ITC (inter/intra-state)

ITC reversed and net available credit

Tax Payment:

CGST, SGST, IGST, and cess payable and paid

Interest and Late Fees, if applicable

???? Due Dates:
20th of the next month for monthly filers

22nd or 24th of the month following the quarter for quarterly filers under the QRMP scheme (depends on the state)

⚠️ Penalties for Late Filing:
Late Fee: ₹50 per day (₹25 each for CGST and SGST), ₹20 per day (₹10 + ₹10) if no tax liability

Interest: 18% per annum on the outstanding tax amount

✅ Importance of GSTR-3B:
It is the main return to discharge GST liability.

Filing GSTR-3B is mandatory, even if there is no business activity (Nil return).

ITC claimed in GSTR-3B must match with GSTR-2B (auto-generated) for compliance.